Real Estate News

Landsea Homes Reports Fourth Quarter and Full Year 2022 Results

Fourth Quarter 2022 Highlights

Home sales revenue increased 25% year-over-year to $417.5 millionTotal homes delivered increased 32% to 703 homesNet income of $25.6 million, or $0.62 per diluted share

Full Year 2022 Highlights

Home sales revenue increased 49% to $1.4 billionTotal homes delivered increased 45% to 2,370 homesNet income of $73.6 million, or $1.70 per diluted shareYear-end book value per share of $16.04

NEWPORT BEACH, Calif.

Becknell Industrial Reports 2022 Results

INDIANAPOLIS, March 07, 2023 (GLOBE NEWSWIRE) -- Becknell Industrial announced today financial results for the year ending December 31, 2022.

Mark Shapland, Chief Executive Officer and President, said, “This past year presented a myriad of challenges to navigate - from continued inflationary pressure to uncertainty in capital markets.

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.

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