Real Estate News

Chicago Atlantic Real Estate Finance Extends Maturity of its Revolving Credit Facility to June 2026 and Increases Size of the Accordion Feature to $150 Million

CHICAGO, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) (“Chicago Atlantic” or the “Company”), a commercial mortgage real estate investment trust, announced that Chicago Atlantic Lincoln, LLC (“Chicago Atlantic Lincoln”), its wholly-owned financing subsidiary, entered into the Fifth Amended and Restated Loan and Security Agreement by and among Chicago Atlantic Lincolnand a syndicate of FDIC-insured financial institutions to extend the maturity of its $100.0 million secured revolving credit facility (the “Revolving Loan”) and increase the accordion feature of the Revolving Loan to facilitate additional commitments up to $150.0 million.

Landsea Homes Reports Fourth Quarter and Full Year 2023 Results

Fourth Quarter Net New Home Orders, up 352%Full Year Total Revenue of $1.21 billionFourth Quarter Home sales revenue of $379.7 million, driven by 664 home closings at an average price of $572,000Fourth Quarter Net income of $12.5 million, or $0.33 per diluted shareFull Year Net Income of $29.2 million or $0.75 per diluted shareEntered Colorado marketYear-end book value per share of $17.88, an 11.4% increase

DALLAS, Feb.

Uniti Group Inc. Reports Fourth Quarter and Full Year 2023 Results

Recently Announced ABS Bridge Financing & Asset Sales Further Strengthen Balance Sheet

Provides Initial 2024 Outlook

Net Income (Loss) of $30.7 Million and ($81.7) Million for the Fourth Quarter and Full Year, RespectivelyNet Income (Loss) of $0.13 and ($0.35) Per Diluted Common Share for the Fourth Quarter and Full Year, RespectivelyAFFO Per Diluted Common Share of $0.34 and $1.42 for the Fourth Quarter and Full Year, Respectively

LITTLE ROCK, Ark.

Park Hotels & Resorts Inc. Reports Fourth Quarter and Full-Year 2023 Results (CORRECTED) and Announces First Quarter Dividend of $0.25 Per Share

TYSONS, Va., Feb. 27, 2024 (GLOBE NEWSWIRE) -- The following items in this press release have been corrected: (i) under the caption “Full-Year 2024 Outlook” and the accompanying reconciliations, the “low case” and “high case” outlook of operating income margin were changed to 15.1% and 16.3%, respectively; (ii) under the accompanying reconciliations to the full-year 2024 outlook, the “low case” and “high case” of Total Revenues were changed to $2,633 million and $2,682 million, respectively, and the “low case” and “high case” of “other revenue” were both changed to $92 million.

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