49.2 Percent Growth in Net Effective Rents on Leasing Activity
Record Occupancy Levels
2022 Guidance Updated
INDIANAPOLIS, April 27, 2022 (GLOBE NEWSWIRE) -- Duke Realty Corporation (NYSE: DRE), the largest domestic-only logistics REIT, today reported results for the first quarter of 2022.
WINTER PARK, Fla., April 27, 2022 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (the “Company” or “CTO”) today announced that its Board of Directors has approved a three-for-one stock split of the Company’s common stock to be effected in the form of a stock dividend.
WASHINGTON, April 27, 2022 (GLOBE NEWSWIRE) -- Washington Real Estate Investment Trust (“WashREIT” or the “Company”) (NYSE: WRE), a multifamily REIT with properties in the Washington metro area and the Southeast, reported financial and operating results today for the quarter ended March 31, 2022:
Financial Results
Net loss was $7.7 million, or $0.09 per diluted shareNAREIT FFO was $14.5 million, or $0.17 per diluted shareCore FFO was $0.20 per diluted shareOperational Highlights
Net Operating Income (NOI) was $30.7 millionSame-store multifamily NOI increased by 7.9% compared to the prior year period and is building for the second half of 2022Effective new Lease Rate Growth was 10.0%, effective renewal Lease Rate Growth was 9.2%, and effective blended Lease Rate Growth was 9.5% during the quarter for our same-store portfolioEffective new Lease Rate Growth was 16.0%, effective renewal Lease Rate Growth was 12.5%, and effective blended Lease Rate Growth was 13.8% during the quarter for our Atlanta portfolioFor leases signed thus far in April, we achieved blended effective lease rate growth of 20.5% for our Atlanta portfolio and 11.5% for our same-store portfolioSame-store retention increased to 71% compared to 51% in the first quarter of 2021Same-store multifamily Average Occupancy increased 150 basis points from the first quarter of 2021 to 95.8%Same-store multifamily Ending Occupancy increased 80 basis points from the first quarter of 2021 to 95.7% as of March 31, 2022 and 96.0% as of April 18, 2022Transformation Update
Expect to close on the acquisition of two multifamily communities in Cobb County, Georgia for a combined purchase price of approximately $178 million in early May, subject to the satisfaction of customary closing conditions.VERO BEACH, Florida, April 27, 2022 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR PRC) (“ARMOUR” or the “Company”) today announced the Company's March 31, 2022 financial position and Q1 results.
Atlanta, April 27, 2022 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont" or the "Company") (NYSE:PDM), an owner of Class A office properties located primarily in the Sunbelt, today announced its results for the quarter ended March31, 2022.
VERO BEACH, Florida, April 26, 2022 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR-PRC) (“ARMOUR” or the “Company”) announced today that it will provide an online, real-time webcast of its conference call with equity analysts covering first quarter 2022 operating results on Thursday, April 28, 2022.
Ms. Fischer has consulted for numerous Fortune 500 companies, as well as start-ups, on business development, repositioning and turn around marketing, funding and global business development opportunities
MIAMI, April 26, 2022 (GLOBE NEWSWIRE) -- Community Redevelopment (OTC: CRDV) ("the Company"), a developer of community oriented real estate in urban and suburban markets with a focus on all aspects of the real estate development cycle, announced today that Christina Fischer has joined the Advisory Board Of Community Redevelopment Asset Management, LLC, a wholly owned subsidiary of Community Redevelopment.
Southfield, MI, April 25, 2022 (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 ("MH") communities, recreational vehicle ("RV") resorts and marinas (collectively, the "properties"), today reported its first quarter results for 2022.
SUNNYVALE, Calif., April 25, 2022 (GLOBE NEWSWIRE) -- Matterport, Inc. (Nasdaq: MTTR), the leading spatial data company driving the digital transformation of the built world, today announced that it will release its fiscal 2022 first quarter financial results on Tuesday, May 10, 2022 after market close.
Management to Discuss First Quarter 2022 Results and Host Investor Q&A at Virtual Event
EXPI Q1 2022 Fireside Chat
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