NASHVILLE, Tenn. and SCOTTSDALE, Ariz., May 02, 2022 (GLOBE NEWSWIRE) -- Healthcare Realty Trust Incorporated (NYSE:HR) (“Healthcare Realty” or “HR”) and Healthcare Trust of America, Inc.
Real Estate News
Company to Establish Real Estate Brokerage Operations in Chile and Dubai
eXp Realty to Establish Real Estate Brokerage Operations in Chile and Dubai, UAE
THE WOODLANDS, Texas, May 03, 2022 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced financial results for the first quarter 2022.
First Quarter 2022 Highlights and Comparisons to First Quarter 2021
Net Income decreased 21.0% to $78.7 million, or $3.30 Basic EPS and $3.25 Diluted EPSNet Income Before Income Taxes decreased 19.2% to $99.6 millionHome Sales Revenues decreased 22.7% to $546.1 millionHome Closings decreased 37.6% to 1,599 homes closedAverage Sales Price increased 23.9% to $341,495Gross Margin as a Percentage of Homes Sales Revenues increased 210 basis points to 29.0%Adjusted Gross Margin* as a Percentage of Home Sales Revenues increased 180 basis points to 30.3%Total Owned and Controlled lots of 93,270 at March31, 2022Active Selling Communities at March31, 2022 of 88Ending backlog of 2,429 homes at March31, 2022Ending backlog Value of $849.1 million at March31, 2022*Non-GAAP
Please see “Non-GAAP Measures” for a reconciliation of Adjusted Gross Margin (a non-GAAP measure) to Gross Margin, the most directly comparable GAAP measure.
Net Income of $0.11 Per Diluted Share
Normalized FFO of $0.28 Per Diluted Share
Raised 2022 Full-Year Normalized FFO Guidance Range to $1.15 to $1.19 Per Diluted Share
VIRGINIA BEACH, Va.
First Quarter 2022 Highlights
Expanded home sales revenue 92.5% to $298 millionFirst quarter net income of $13.1 million, $0.28 per diluted shareTotal homes delivered increased 83.4% to 552 homesIncreased backlog by 83.4% to 1,605 homes for a total of $930.4 millionAdjusted home sales gross margin increased to 29.0%, from 17.9%Authorized the repurchase of up to an additional $10 million shares of common stock, increasing the aggregate to up to $20 millionNEWPORT BEACH, Calif.
JACKSONVILLE, Fla., May 03, 2022 (GLOBE NEWSWIRE) -- Regency Centers Corporation (“Regency” or the “Company”) (Nasdaq: REG) today reported financial and operating results for the period ended March 31, 2022 and provided updated guidance for 2022 Nareit FFO.
NEW YORK, May 03, 2022 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, has provided a $49,680,000 HUD 223(f) loan to refinance a 360-unit multifamily property in San Antonio, Texas.
NEW YORK, May 03, 2022 (GLOBE NEWSWIRE) -- New York Mortgage Trust, Inc. (Nasdaq: NYMT) (“NYMT,” the “Company,” “we,” “our” or “us”) today reported results for the three months ended March31, 2022.
SAN CLEMENTE, Calif., April 29, 2022 (GLOBE NEWSWIRE) -- CareTrust REIT, Inc. (NASDAQ:CTRE) announced today that it plans to release its first quarter 2022 financial results after the U.S.
Generates 24% Revenue Growth, Achieves 45% Gross Profit Increase for Full Year 2021, and Provides Outlook for Full Year 2022 and Financial Targets for 2022-23
SAN DIEGO, April 29, 2022 (GLOBE NEWSWIRE) -- Andrew Arroyo Real Estate Inc.