HOUSTON, May 01, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) today announced its operating and financial results for the firstquarter of 2024.
Real Estate News
The Cottonwood Plan by LGI Homes at Heritage Gardens
JACKSONVILLE, Fla., May 01, 2024 (GLOBE NEWSWIRE) -- FRP Holdings, Inc. (NASDAQ: FRPH) anticipates issuing its first-quarter earnings results on Wednesday, May 8, 2024.
NEW YORK, May 01, 2024 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, announced that its Low Income Housing Tax Credit (LIHTC) syndication platform, Greystone Real Estate Capital, has added Michael Boyle as a Senior Vice President, Acquisitions & Institutional Investments.
NEW CANAAN, Conn., May 01, 2024 (GLOBE NEWSWIRE) -- NewLake Capital Partners, Inc. (OTCQX: NLCP) (“The Company” or “NewLake”), a leading provider of real estate capital to state-licensed cannabis operators, issued a statement from NewLake Capital Partners CEO and President Anthony Coniglio on the Drug Enforcement Administration (DEA) rescheduling cannabis from Schedule I to Schedule III under the Controlled Substances Act (CSA).
TALLAHASSEE, Fla., May 01, 2024 (GLOBE NEWSWIRE) -- SRI Management, in conjunction with Bourne Financial Group, gladly announces Trinity Hills of Knoxville, offering assisted living and memory care, as the latest senior living community to join the SRI Management portfolio.
eXp World Holdings Reports Q1 2024 Results
NASHVILLE, Tenn., May 01, 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 months ended March 31, 2024.
NEW YORK, May 01, 2024 (GLOBE NEWSWIRE) -- New York Mortgage Trust, Inc. (Nasdaq: NYMT) (“NYMT,” the “Company,” “we,” “our” or “us”) today reported results for the three months ended March31, 2024.
BETHESDA, Md., May 01, 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 March 31, 2024:
Financial Results
Net loss was $3.6 million, or $0.04 per diluted shareNAREIT FFO was $21.3 million, or $0.24 per diluted share, up 20% compared to the prior year period due primarily to additional payments received with respect to easements previously conveyedCore FFO was $19.9 million, or $0.23 per diluted share, down 4% compared to the prior year periodNet Operating Income (NOI) was $37.8 million, up 4% compared to the prior year periodOperational Highlights
Same-store multifamily NOI increased by 0.3% compared to the prior year periodEffective blended Lease Rate Growth was 2.3% during the quarter for our Same-Store Portfolio, comprised of effective new Lease Rate Growth of (2.1)% and effective renewal Lease Rate Growth of 6.2%Average Effective Monthly Rent Per Home increased 3.1% compared to the prior year period for our Same-Store PortfolioSame-store Retention was 65% while achieving strong renewal Lease Rate GrowthSame-store multifamily Average Occupancy was 94.4% during the quarter, down 0.9% compared to the prior year period and down 0.5% compared to the prior quarter primarily due to the timing of evictions in our Atlanta communities and the impact of supply.