Real Estate News

Whitestone REIT to be Added to the MSCI US REIT Index

HOUSTON, May 16, 2022 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) today announced that effective as of the close of market on May 31, 2022, WSR will be added to the MSCI US REIT Index, as part of the May 2022 Semi-Annual Index Review for the MSCI Equity Indexes.

Harbor Custom Development, Inc. Reports Record Revenues In 2022 First Quarter Financial Results

Continued Strength in Buyer Demand Drives Year-over-Year Sales Increase of 106.0%

TACOMA, Wash., May 12, 2022 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (“Harbor,” “Harbor Custom Homes®,” or the “Company”), (NASDAQ: HCDI; HCDIP; HCDIW, HCDIZ), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced its financial results for the first quarter ended March31, 2022.

FRP Holdings, Inc. (NASDAQ: FRPH) Announces Results for the First Quarter Ended March 31, 2022

JACKSONVILLE, Fla., May 11, 2022 (GLOBE NEWSWIRE) -- FRP Holdings, Inc. (NASDAQ-FRPH) –

First Quarter Operational Highlights

Dock 79 ended the reporting period with residential occupancy above 95% for the fourth straight quarterFirst rent increases on renewals on multifamily assets in DC since February 2020Best first quarter of revenue for mining royalties in segment’s historyAverage residential occupancy of 94.92% for the Maren in its first year post stabilization

First Quarter Consolidated Results of Operations

Net income for the first quarter of 2022 was $672,000 or $.07 per share versus $28,373,000 or $3.03 per share in the same period last year.

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