Real Estate News

RPT Realty Declares Special Cash Dividend of $0.05444 Per Share

NEW YORK, Nov. 13, 2023 (GLOBE NEWSWIRE) -- RPT Realty (NYSE:RPT) (“RPT” or the “Company”) announced today that its Board of Trustees declared a special dividend of $0.05444 per common share in connection with the previously announced definitive merger agreement entered into by and between the Company and Kimco Realty Corporation and the parties thereto.

Postal Realty to Present at Nareit’s REITworld 2023

CEDARHURST, N.Y., Nov. 13, 2023 (GLOBE NEWSWIRE) -- Postal Realty Trust, Inc. (NYSE: PSTL), an internally managed real estate investment trust that owns and manages over 1,800 properties leased primarily to the United States Postal Service, ranging from last-mile post offices to industrial facilities, announced today that Andrew Spodek, Chief Executive Officer, and Robert Klein, Chief Financial Officer, will attend Nareit’s REITworld: 2023 Annual Conference in Los Angeles, California.

FRP Holdings, Inc. (NASDAQ: FRPH) Announces Results for the Third Quarter and Nine Months Ended September 30, 2023

JACKSONVILLE, Fla., Nov. 08, 2023 (GLOBE NEWSWIRE) -- FRP Holdings, Inc. (NASDAQ-FRPH) –

Third Quarter Operational Highlights (compared to the same quarter last year)

29.5% increase in pro-rata NOI ($8.09 million vs $6.24 million)Mining royalty revenue increased 24.7%; 19.2% increase in royalties per ton54.2% increase in Asset Management revenue; 58.2% increase in Asset Management NOI

Third Quarter Consolidated Results of Operations

Net income for the third quarter of 2023 was $1,259,000 or $.13 per share versus $480,000 or $.05 per share in the same period last year.

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