Real Estate News

FRP Holdings, Inc. (NASDAQ: FRPH) Announces Results for the Fourth Quarter and Fiscal Year Ended December 31, 2022

JACKSONVILLE, Fla., March 07, 2023 (GLOBE NEWSWIRE) -- FRP Holdings, Inc. (NASDAQ-FRPH) –

Fourth Quarter Operational Highlights

58.2% increase in pro-rata NOI ($6.26 million vs $3.96 million) over fourth quarter 20218.89% increase in rent on renewals at Dock 79 and 11.14% increase in rent on renewals at The Maren28.1% increase in mining royalty revenue over fourth quarter 202151.7% increase in Asset Management revenue versus same period last yearSale of Hickory Creek for $8.83 million on an investment of $6 millionDeal signed with Steuart Investment Company (SIC) and MidAtlantic Realty Partners (MRP) for development of ten mixed-use projects in Capitol Riverfront and Buzzard Point submarkets of Washington, DC including sale of 20% ownership interest in tenancy-in-common (TIC) of Dock 79 and The Maren for $65.3 million, $44.5 million attributable to the Company

Fourth Quarter Consolidated Results of Operations

Net income for the fourth quarter of 2022 was $2,756,000 or $.29 per share versus a net loss of $(592,000) or $(.06) per share in the same period last year.

Sun Communities, Inc. Announces Dates for First Quarter 2023 Earnings Release and Conference Call

Southfield, MI, March 08, 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 and recreational vehicle communities and marinas (collectively, the "properties"), today announced the dates for its first quarter 2023 earnings release and conference call.

Silver Spike Investment Corp. Announces Fiscal Year End 2022 Financial Results Conference Call

NEW YORK, March 08, 2023 (GLOBE NEWSWIRE) -- Silver Spike Investment Corp.(“SSIC” or the “Company”), a specialty finance company that was formed to invest across the cannabis ecosystem through investments in the form of direct loans to, and equity ownership of, privately held cannabis companies, today announced it will report financial results for its fiscal year ended December 31, 2022, pre-market open on Friday, March 31, 2023.

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.

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