Real Estate News

Armada Hoffler Reports Fourth Quarter and Full Year 2023 Results

Net Loss of $0.27 per Diluted Share for the Fourth Quarterand $0.05 per Diluted Share for the Full Year

Normalized FFO of $0.31 per Diluted Share for the Fourth Quarterand $1.24 per Diluted Share for the Full Year

Announced 5% Increase in the Quarterly Cash Dividend on Common Stock

Dividends Declared During the Year Represent a 7.6% Year-Over-Year Increase

Introduced 2024 Full-Year Normalized FFO Guidance Range of $1.21 to $1.27 per Diluted Share

VIRGINIA BEACH, Va.

CTO Realty Growth Declares Dividends For the First Quarter 2024

WINTER PARK, Fla., Feb. 20, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (the “Company” or “CTO”) announced today that its Board of Directors has authorized, and the Company has declared a quarterly cash dividend of $0.38 per share of common stock for the first quarter of 2024 (the “Common Stock Cash Dividend”).

Greystone Closes $419.6 Million Financing Package for Class A+, Mixed-Use Multifamily Complex in Miami, Florida

NEW YORK, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Greystone Commercial Capital (GCC) has closed a $419,590,000 transaction to refinance Panorama Tower, located on Brickell Bay Drive in Miami, Florida.

Vornado Realty Trust Announces Famed Avra Group Will Open a New 20,000 SF Restaurant in THE PENN DISTRICT

NEW YORK, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that The Avra Group will open its famed Mediterranean restaurant in THEPENN DISTRICT, one of the most desirable and convenient locations in Manhattan, sitting directly atop Penn Station.

Alpine Income Property Trust Declares Dividend For the First Quarter 2024

WINTER PARK, Fla., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company”) announced today that its Board of Directors has authorized, and the Company has declared a quarterly cash dividend of $0.275 per share of common stock for the first quarter of 2024 (the “Common Stock Cash Dividend”).

Matterport Announces Fourth Quarter and Full Year 2023 Financial Results Demonstrating Strong Recurring Revenue Growth and Reaffirms 2024 Profitability Target

Q4 Annualized Recurring Revenue hits record $94.7 million, up 23% year-over-year Q4 net loss improved 27% year-over-year; Non-GAAP net loss improved 55% year-over-yearQ4 cash used in operating activities improved 46% year-over-yearQ4 Net Dollar Expansion rate of 109% reaches highest level in two years FY2023 total subscribers up 34% from prior yearFY2023 square feet under management up 36% from prior year

SUNNYVALE, Calif.

SL Green Realty Corp. to Participate in the 2024 Citi Global Property CEO Conference

NEW YORK, Feb. 20, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG), New York City’s largest office landlord, today announced that Marc Holliday, Chairman and Chief Executive Officer, Matt DiLiberto, Chief Financial Officer, and Harrison Sitomer, Chief Investment Officer, will participate in a roundtable discussion at Citi’s 2024 Global Property CEO Conference on Monday, March 4, 2024 at 9:35 AM ET.

Armada Hoffler Announces 5% Increase in Quarterly Cash Dividend on Common Shares

VIRGINIA BEACH, Va., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE: AHH) announced that its Board of Directors declared the cash dividend of $0.205 per common share, representing a 5% increase over the prior quarter’s dividend.

Holiday Island Holdings, Inc. Secures a Letter of Intent to Enter Into a Joint Venture With a Highly Experienced International Oil Company to Drill for Oil in Texas

PLANT CITY, Fla., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Holiday Island Holdings, Inc., dba EP3OIL, (OTC: HIHI) – operating in the Secondary Recovery of Oil & Gas Industry – has accepted a Letter of Intent to enter into a Joint Venture wherein it will receive $2.5 million from a highly experienced international oil company - Supeca Oil - to develop the Drummond Oil Field located in West Texas.

Silver Spike Investment Corp. Announces a Broadening of Its Investment Strategy

NEW YORK, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Silver Spike Investment Corp. (“Silver Spike” or the “Company”) (Nasdaq: SSIC), a specialty finance company that has elected to be treated as a business development company, today announced that the board of directors of Silver Spike has unanimously approved an expansion of Silver Spike’s investment strategy to permit investments in companies outside of the cannabis and health and wellness sectors that otherwise meet the Company’s current investment criteria.