Real Estate News

Harbor Custom Development, Inc. Provides Preliminary 2022 Guidance Update

TACOMA, Wash, March 08, 2023 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW, HCDIZ) (“Harbor,” “Harbor Custom Homes®,” or the “Company”), an innovative real estate company involved in all aspects of the land development cycle, today announced that based on its preliminary results, it does not expect to meet its guidance targets for 2022 of full year revenue and adjusted EBITDA of $61 to $65 million and $(7) million to $(5) million loss, respectively.

Harbor Custom Development, Inc. Downsizes Land Development Infrastructure Division – Reducing Head Count by 56%

TACOMA, Wash., March 06, 2023 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW, HCDIZ) (“Harbor,” “Harbor Custom Homes®,” or the “Company”), an innovative real estate company involved in all aspects of the land development cycle, today announced the Company has downsized its land development infrastructure division, reducing the Company’s total head count by 56% since Q3 while selling off $7.5 million in heavy equipment that was previously utilized by the land development infrastructure division.

Ryman Hospitality Properties, Inc. Provides Investor Presentation Ahead of Raymond James & Associates’ 44th Annual Institutional Investor Conference

NASHVILLE, Tenn., March 06, 2023 (GLOBE NEWSWIRE) -- Ryman Hospitality Properties, Inc. (NYSE: RHP) (‘the Company’), a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and leading entertainment experiences, today provided an investor presentation ahead of the Raymond James & Associates 44th Annual Institutional Investors Conference, where the Company is presenting, today at 10:25 a.m.

Sun Communities, Inc. Declares First Quarter 2023 Distribution

Southfield, MI, March 03, 2023 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE: SUI) (the “Company”), a real estate investment trust (“REIT”) that owns and operates, or has an interest in, manufactured housing (“MH”) and recreational vehicle (“RV”)communities and marinas (collectively, the "properties"), today announced its Board of Directors declared a quarterly distribution of $0.93 per share of common stock for the first quarter of 2023.

Harbor Custom Development, Inc. Announces Reverse Stock Split

TACOMA, Wash, March 03, 2023 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW, HCDIZ) (“Harbor,” “Harbor Custom Homes®,” or the “Company”), an innovative real estate company involved in all aspects of the land development cycle, today announced it will effect a 1-for-20 reverse stock split of its issued and outstanding shares of common stock (the “reverse split”).

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