NEW YORK, April 27, 2023 (GLOBE NEWSWIRE) -- RPT Realty (NYSE:RPT) (“RPT” or the “Company”) announced today that its Board of Trustees declared a second quarter 2023 regular cash dividend of $0.14 per common share.
Real Estate News
LOS ANGELES, April 27, 2023 (GLOBE NEWSWIRE) -- In a move that reflects its bold, creative and forward-thinking culture, HOK’s Los Angeles studio has chosen to relocate its award-winning Southern California studio to ROW DTLA in the Arts District.
WASHINGTON, April 27, 2023 (GLOBE NEWSWIRE) -- Elme Communities (the “Company”) (NYSE: ELME), a multifamily REIT with properties in the Washington DC metro area and the Sunbelt, reported financial and operating results today for the quarter ended March 31, 2023:
Financial Results
Net loss was $3.6 million, or $0.04 per diluted shareNAREIT FFO was $17.9 million, or $0.20 per diluted shareCore FFO was $21.5 million, or $0.24 per diluted share, up 20% from the prior year period driven by rental rate growth and the full deployment of our commercial sale proceedsNet Operating Income (NOI) was $36.3 million up 18% from the prior year period due primarily to the same factors as Core FFO growthOperational Highlights
Same-store multifamily NOI increased by 10.7% compared to the prior year periodEffective blended Lease Rate Growth was 4.5% during the quarter for our same-store portfolio, comprised of Effective new Lease Rate Growth of 0.7% and Effective renewal Lease Rate Growth of 8.0%Average Effective Monthly Rent per Home increased 9.7% compared to the prior year periodSame-store retention was 64% while achieving strong renewal lease rate growthSame-store multifamily Average Occupancy was 95.5% during the quarter, up 50 basis points from the prior quarterLiquidity Position
Available liquidity was more than $670 million as of March 31, 2023, consisting of availability under the Company's revolving credit facility and cash on handAnnualized first quarter net debt to EBITDA was 4.8xThe Company has no maturities until 2025 and no secured debtIn March, the Company executed swaps that will convert the interest rate on its $125 million term loan to a fixed 4.73% rate starting in July 2023 through maturity in January 2025.WINTER PARK, Fla., April 27, 2023 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (the “Company” or “CTO”) today announced its operating results and earnings for the quarter ended March 31, 2023.
NAR issues updated annual forecasts for jobs, mortgage rates, housing starts, existing-home sales, newly constructed home sales, median existing-home prices and median new home prices
Pending Home Sales: March 2023
MINNETONKA, Minn., April 27, 2023 (GLOBE NEWSWIRE) -- Appreciate Holdings, Inc. (“Appreciate” or the “Company”) (NASDAQ: SFR), the parent holding company of Renters Warehouse (“Renters Warehouse”), a leading end-to-end Single-Family Rental (“SFR”) marketplace and management platform, today announced selected preliminary unaudited financial results for the first quarter of 2023.
NEW YORK, April 26, 2023 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that it will postpone dividends on its common shares until the end of 2023, at which time, upon finalization of its 2023 taxable income, including the impact of asset sales, it will pay the 2023 dividend in either (i) cash, or (ii) a combination of cash and securities, as determined by its Board of Trustees.
SAN DIEGO, April 25, 2023 (GLOBE NEWSWIRE) -- Retail Opportunity Investments Corp. (NASDAQ:ROIC) announced today financial and operating results for the three months ended March 31, 2023.
Woburn, MA, April 26, 2023 (GLOBE NEWSWIRE) -- Craig Witt, CEO-USA for EXIT Realty Corp. International today announced that EXIT Realty has expanded into a further seven markets:
EXIT Omega Real Estate Group located at 212 Adley Way, Greenville, SC, 29607, Jason Sumter, FranchiseeEXIT Realty Front and Center located at 18 Genesee St, Greene, NY, 13778, Barbara Gallo, FranchiseeEXIT Realty Advantage located at 5028-A Knickerbocker Rd, San Angelo, TX, 76904, Aaron Nelson and Holly Nelson, FranchiseesEXIT Realty Liberty located at 40 Peconic Ave, Riverhead, NY, 11901, Maureen Klersy, FranchiseeEXIT Realty Harper Carlton located at 2603 W Pleasant Grove Rd, Unit 103, Rogers, AR, 72758, John Carlton, Darcie Carlton, Kim Harper, and Warren Harper, FranchiseesEXIT Country Realty located at 108 E Main St, Panora, IA, 50216, Kyle Olson, FranchiseeEXIT Realty Gateway South located at 120G Merchants Blvd, Clarksville, TN, 37040, Garry Wicker and Katelynn Schiro, FranchiseesKyle Olson and Barbara Gallo are expanding their operations with the addition of new locations and the others are new to the EXIT Realty family of independently owned and operated brokerages.
VERO BEACH, Florida, April 26, 2023 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR-PRC) (“ARMOUR” or the “Company”) today announced the May 2023 cash dividend for the Company's Common Stock.