Real Estate News – 1 Reason Realty

Elme Communities Announces Third Quarter 2024 Results

BETHESDA, Md., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Elme Communities (the “Company”) (NYSE: ELME), a multifamily REIT with communities in the Washington, DC metro area and the Atlanta metro area, reported financial and operating results today for the quarter ended September 30, 2024:

Financial Results

Net loss was $3.0 million, or $0.03 per diluted shareNAREIT FFO was $20.5 million, or $0.23 per diluted shareCore FFO was $20.7 million, or $0.23 per diluted shareNet Operating Income (NOI) was $38.8 million

Operational Highlights

Same-store multifamily NOI increased by 2.3% compared to the prior year quarterEffective blended Lease Rate Growth was 2.1% for our Same-Store Portfolio during the quarter, comprised of effective new Lease Rate Growth of (1.5)% and effective renewal Lease Rate Growth of 4.5%Average Effective Monthly Rent Per Home increased 2.4% compared to the prior year quarter for our Same-Store PortfolioSame-store Retention was 66%, up 5% compared to the prior year quarterSame-store multifamily Average Occupancy was 95.2% during the quarter, down 0.2% compared to the prior year quarter and up 0.6% compared to the prior quarter.

Armada Hoffler Reports Third Quarter 2024 Results

GAAP Net Loss of $10.4million

Normalized FFO of $0.35 Per Diluted Share

Office Same Store NOI Growth of 6.1% (GAAP)Positive Office Renewal Spreads of 18.5% (GAAP) and 0.8% (Cash)Office Occupancy Increased to 94.7%

Positive Retail Renewal Spreads of 13.1% (GAAP) and 7.8% (Cash)Retail Occupancy Increased to 96.2%

Positive Tradeouts on Multifamily Renewals of 1.8%

Narrowed 2024 Full-Year Normalized FFO Guidance Range of $1.25 to $1.27 Per Diluted Share

VIRGINIA BEACH, Va.

Howard Hughes Holdings Inc. Reports Third Quarter 2024 Results

Strong demand for MPC residential land and impressive financial performance across the portfolio solidify positive full-year outlook with upgraded guidance in all segments

THE WOODLANDS, Texas, Nov.

Vornado Announces Third Quarter 2024 Financial Results

NEW YORK, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE: VNO) reported today:

Quarter Ended September 30, 2024 Financial Results

NET LOSS attributable to common shareholders for the quarter ended September 30, 2024 was $19,154,000, or $0.10 per diluted share, compared to net income attributable to common shareholders of $52,846,000, or $0.28 per diluted share, for the prior year's quarter.

UMH PROPERTIES, INC. SURPASSES 1,000 SELF-STORAGE UNITS

FREEHOLD, NJ, Nov. 04, 2024 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) (TASE:UMH) announced that on November 1, 2024, the company closed on an acquisition of a self-storage facility adjoining one of UMH’s communities in Anderson, Indiana.

Postal Realty Trust, Inc. Reports Third Quarter 2024 Results

- Agreed to New Rents on all 2023 & 2024 Negotiated Leases -- Increased Term Loan Commitments by $50 Million -- Acquired 35 USPS Properties for $13.3Million at a Weighted Average Capitalization Rate of 7.5% -

CEDARHURST, N.Y.

Ryman Hospitality Properties, Inc. Reports Third Quarter 2024 Results

NASHVILLE, Tenn., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Ryman Hospitality Properties, Inc. (NYSE: RHP), a lodging real estate investment trust (“REIT”) specializing in group-oriented, destination hotel assets in urban and resort markets, today reported financial results for the three and nine months ended September 30, 2024.

LGI Homes Reports Third Quarter 2024 Results and Updates Full Year 2024 Guidance

THE WOODLANDS, Texas, Nov. 05, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced financial results for the third quarter 2024 and the nine months ended September30, 2024.

Uniti Group Inc. to Participate at Nareit’s REITworld 2024 Annual Conference

LITTLE ROCK, Ark., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that its President and Chief Executive Officer, Kenny Gunderman, and Vice President, Investor Relations & Treasury, Bill DiTullio, are scheduled to participate at Nareit’s REITworld 2024 Annual Conference on November 19, 2024 in Las Vegas, NV.

Macerich Reports Third Quarter 2024 Results

SANTA MONICA, Calif., Nov. 06, 2024 (GLOBE NEWSWIRE) -- The Macerich Company (NYSE: MAC) has released its Third Quarter 2024 Earnings Results and Supplemental Information by posting it to the Investor Relations section of its website at www.macerich.com.