Real Estate News

Vornado Announces Second Quarter 2024 Financial Results

NEW YORK, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE: VNO) reported today:

Quarter Ended June 30, 2024 Financial Results

NET INCOME attributable to common shareholders for the quarter ended June 30, 2024 was $35,260,000, or $0.18 per diluted share, compared to $46,377,000, or $0.24 per diluted share, for the prior year's quarter.

Alexander’s Announces Second Quarter Financial Results

PARAMUS, N.J., Aug. 05, 2024 (GLOBE NEWSWIRE) -- ALEXANDER’S, INC. (New York Stock Exchange: ALX) filed its Form 10-Q for the quarter ended June 30, 2024 today and reported:

Second Quarter 2024 Financial Results

Net income for the quarter ended June 30, 2024 was $8.4 million, or $1.63 per diluted share, compared to $64.1 million, or $12.51 per diluted share for the quarter ended June 30, 2023.

Cityview & Wafra Acquire Newly Constructed 221-Unit Multifamily Project in Silver Lake

Silva to offer highly curated amenities, 360-degree views of Los Angeles

LOS ANGELES, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Cityview, a premier multifamily investment management and development firm, and Wafra, a global alternative investment manager, have acquired Silva, a newly constructed 221-unit, Class A multifamily community in the Silver Lake neighborhood of Northeast Los Angeles.

Healthcare Realty Trust Reports Results for the Second Quarter

The Company is focused on its top priorities of capital allocation and operational momentum to accelerate FFO growth and improve dividend coverage.

CAPITAL ALLOCATION MOMENTUMGenerated approximately $400 million of proceeds from JV and asset sale transactions through the second quarterAdditional transactions under contract or LOI that are expected to increase proceeds to more than $1 billion, with the majority of these transactions occurring by the end of the third quarterRepurchased 18.5 million shares to date, totaling $294.5 millionOPERATIONAL MOMENTUMDelivered multi-tenant absorption of 183,000 square feet year-to-date, or 55 basis points, exceeding expectations for the first half of 2024Generated strong new leasing momentum with new leases of approximately 432,000 square feet, the fourth consecutive quarter above 400,000Improved tenant retention to 85.5%, compared to 84.8% in first quarter 2024 and 79.3% for full year 2023

NASHVILLE, Tenn.

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