Net Income of $0.17 Per Diluted Share
Normalized FFO of $0.33 Per Diluted Share
Multifamily Same Store NOI Growth of 2.6% (GAAP) and 2.5% (Cash)
Positive Renewal Spreads on Commercial Leases of 11.5% (GAAP) and 3.7% (Cash)
Maintained 2024 Full-Year Normalized FFO Guidance Range of $1.21 to $1.27 Per Diluted Share
VIRGINIA BEACH, Va.
JACKSONVILLE, Fla., May 08, 2024 (GLOBE NEWSWIRE) -- FRP Holdings, Inc. (NASDAQ-FRPH)—
First Quarter Highlights and Recent Developments
130% increase in Net Income ($1.3 million vs $565,000)22% increase in pro-rata NOI ($8.53 million vs $6.99 million)92% increase in the Multifamily segment’s NOI36% increase in Industrial and Commercial revenue and 47% increase in that segment’s NOIExecutive Summary and Analysis
This quarter represented another meaningful step in the growth of this Company.
Not for distribution to U.S. newswire services or dissemination in the United States.
TORONTO, May 08, 2024 (GLOBE NEWSWIRE) -- Flagship Communities Real Estate Investment Trust (“Flagship” or the “REIT”) (TSX: MHC.U) (TSX: MHC.UN) today announced that each of the seven individuals nominated for election as a trustee of Flagship at the REIT’s Annual Meeting of Unitholders held onMay 8, 2024(the "Meeting"), was elected.
Not for distribution to U.S. newswire services or dissemination in the United States.
TORONTO, May 07, 2024 (GLOBE NEWSWIRE) -- Flagship Communities Real Estate Investment Trust (“Flagship” or the “REIT”) (TSX: MHC.U; MHC.UN) today released its first quarter 2024 results.
The Pismo Plan by LGI Homes at Morningstar Ranch
PALO ALTO, Calif., May 07, 2024 (GLOBE NEWSWIRE) -- Multifamily owner-operator and investment manager Pacific Urban Investors (“Pacific”) has acquired Viridian, a 420-unit apartment community in Greenwood Village, CO.
PALO ALTO, Calif., May 07, 2024 (GLOBE NEWSWIRE) -- Multifamily owner-operator and investment manager Pacific Urban Investors (“Pacific”) has entered the Atlanta market acquiring their first property in the MSA totaling 412 units with a total consideration of $102.5 Million.
PLANO, Texas, May 07, 2024 (GLOBE NEWSWIRE) -- Centra Funding, LLC (“Centra”), a nationwide independent equipment finance company that is a subsidiary of CV Holdings, Inc.
- Acquired 29 USPS Properties for $18.5Million -- Acquired at a Weighted Average Capitalization Rate of 7.8% -- Raised $14 Million from ATM Program & OP Units to Fund Acquisitions -- Collected 100% of Contractual Rents -
CEDARHURST, N.Y.
The Imperial at Diamond Bar East by LGI Homes
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