Real Estate News – Page 315

Star Equity Fund Issues Open Letter to Board of Superior Drilling Products

Believes SDPI Should Conduct Strategic ReviewCalls on Board to Put Measures up for a Shareholder VoteRecommends Shareholders Vote “WITHHOLD” on Iverson

OLD GREENWICH, Conn., May 09, 2023 (GLOBE NEWSWIRE) -- Star Equity Fund, LP and affiliates (“Star Equity”, “we”, “us”, “our”), an 11.7% shareholder of Superior Drilling Products, Inc.

Matterport Announces First Quarter 2023 Financial Results

Q1 total revenue of $38.0 million, up 33% year-over-year and above high end of guidance rangeQ1 subscription revenue reached record $19.8 million, above high end of guidance range Q1 GAAP loss per share of $0.18 and Non-GAAP loss per share of $0.07, $0.03 better than the midpoint of guidance rangeStrong balance sheet with $456 million in cash and investments and no debtCompany raises 2023 guidance driven by strong customer adoption and continued focus on operating efficiency

SUNNYVALE, Calif.

Almost Seven in 10 Metro Areas Posted Home Price Gains in the First Quarter of 2023

Infographic

Q1 2023 Metro Home Prices

Armada Hoffler Announces 3% Increase in Quarterly Cash Dividend on Common Shares

VIRGINIA BEACH, Va., May 08, 2023 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE: AHH) announced that its Board of Directors declared the cash dividend of $0.195 per common share, representing a 3% increase over the prior quarter’s dividend.

LGI Homes Introduces the Terrata Homes Brand into the Seattle Market with the Opening of Falcon Ridge near Puyallup

The Americano by Terrata Homes at Falcon Ridge

The three-bedroom, three-bath Americano plan includes black stainless steel KitchenAid appliances, a covered outdoor living area with a fireplace, a flex room, and a game room on the second floor.

Armada Hoffler Reports First Quarter 2023 Results

Net Income of $0.03 Per Diluted Share

Normalized FFO of $0.30 Per Diluted Share

Announced 3% Increase in the Quarterly Cash Dividend on Common Stock

Announced major off market, mixed-use acquisition of The Interlock in West Midtown, Atlanta

Maintained 2023 Full-Year Normalized FFO Guidance Range of $1.23 to $1.27 Per Diluted Share

Same Store net operating income ("NOI") increased 4.3% on a GAAP basis and 5.3% on a cash basis

VIRGINIA BEACH, Va.

Sun Communities, Inc. Releases 2022 ESG Report

Southfield, MI, May 08, 2023 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE: SUI) (“Sun” or 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 today announced the release of its 2022 Environmental, Social and Governance (“ESG”) report.

Chicago Atlantic Real Estate Finance Announces First Quarter 2023 Financial Results

CHICAGO, May 09, 2023 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) (“Chicago Atlantic” or the “Company”), a commercial real estate finance company, today announced its results for the first quarter ended March 31, 2023.

Greystone Provides $35.7 Million in HUD-Insured Financing for Two Illinois Supportive Living Facilities

NEW YORK, May 08, 2023 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, has provided a total of $35,740,00 in HUD-insured loans to refinance two Supportive Living Facilities (SLF) in Illinois.

FRP Holdings, Inc. Announces Release Date for Its 2023 First Quarter Earnings and Details for the Earnings Conference Call

JACKSONVILLE, Fla., May 08, 2023 (GLOBE NEWSWIRE) -- FRP Holdings, Inc. (NASDAQ: FRPH) anticipates issuing its first-quarter earnings results on Wednesday, May 10, 2023.