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Real Estate News
WINTER PARK, Fla., Oct. 26, 2023 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (the “Company” or “CTO”) today announced its operating results and earnings for the quarter ended September 30, 2023.
NEW YORK, Oct. 26, 2023 (GLOBE NEWSWIRE) -- K. Hovnanian® Homes is excited to announce the U.S. Department of Energy (DOE) awarded their Northeast Division for achievements in energy efficiency in new home construction.
Boca Raton, FL, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Janover Inc. (Nasdaq: JNVR) (“Janover” or the “Company”), an AI-enabled B2B fintech marketplace connecting commercial property borrowers and lenders with a human touch, today announced that it has achieved significant growth and engagement within its marketplace’s lender community.
Improved 2023 GRESB® Overall Score Five Points and Maintained “A” for Public Disclosure
NEW YORK, Oct. 26, 2023 (GLOBE NEWSWIRE) -- LXP Industrial Trust (NYSE:LXP) (“LXP”), a real estate investment trust (REIT) focused on single-tenant industrial real estate investments, today announced that it published its 2022 Corporate Responsibility Report.
BETHESDA, Md., Oct. 26, 2023 (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, 2023:
Financial Results
Net loss was $43.6 million, or $0.50 per diluted share, including a $41.9 million non-cash impairment charge as described belowNAREIT FFO was $20.1 million, or $0.23 per diluted shareCore FFO was $21.4 million, or $0.24 per diluted share, up over 4% from the prior year period primarily driven by rental rate growthNet Operating Income (NOI) was $36.9 million, up over 5% from the prior year period primarily driven by rental rate growthOperational Highlights
Same-store multifamily NOI increased by 7.3% compared to the prior year periodEffective blended Lease Rate Growth was 3.0% during the quarter for our Same-store Portfolio, comprised of effective new Lease Rate Growth of 0.1% and effective renewal Lease Rate Growth of 5.1%Average Effective Monthly Rent per home increased 4.9% compared to the prior year period for our Same-store PortfolioSame-store Retention was 61% while achieving strong renewal lease rate growthSame-store multifamily Average Occupancy was 95.6% during the quarter, up 0.2% compared to the prior year periodSame-store multifamily Ending Occupancy was 95.7% as of September 30, 2023, up 0.4% compared to the prior year periodAcquisitions
Completed the acquisition of Elme Druid Hills in Atlanta, GA for $108.0 million on September 29, 2023Elme Druid Hills is a high-quality value-add community with extensive renovation potential in a submarket that is expected to continue to benefit from growing demand as a result of recent healthcare and medical facility investments.Celebration, FL, Oct. 26, 2023 (GLOBE NEWSWIRE) -- La Rosa Holdings Corp. (NASDAQ:LRHC) (“La Rosa” or the “Company”), a holding company for seven agent-centric, technology-integrated, cloud-based, multi-service real estate companies, today announced that it has launched its proprietary technology system – JAEME, part of My Agent Account.
Company Continues to Execute on its Planned Roll-Up Strategy
Celebration, FL, Oct. 19, 2023 (GLOBE NEWSWIRE) -- La Rosa Holdings Corp. (NASDAQ:LRHC) (“La Rosa” or the “Company”), a holding company for five agent-centric, technology-integrated, cloud-based, multi-service real estate companies, today announced that it has acquired a controlling interest in the Company’s franchisee - Horeb Kissimmee Realty, LLC (“Kissimmee) located in Kissimmee, Florida.
NEW CANAAN, Conn., Oct. 19, 2023 (GLOBE NEWSWIRE) -- NewLake Capital Partners, Inc. (OTCQX: NLCP) (“The Company” or “NewLake”), a leading provider of real estate capital to state-licensed cannabis operators, today announced that it plans to host a conference call and report its financial results for the third quarter ended September 30, 2023 on Thursday, November 9, 2023.
Management to discuss third quarter 2023 results and host investor Q&A at virtual event
eXp World Holdings to Announce Third Quarter 2023 Results on November 2, 2023