TYSONS, Va., Feb. 22, 2023 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the fourth quarter and full year ended December31, 2022 and provided an operational update.
Real Estate News
TACOMA, Wash., Feb. 17, 2023 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW, HCDIZ) (“Harbor,” “Harbor Custom Homes®,” or the “Company”), an innovative real estate company involved in all aspects of the land development cycle, today announced Harbor’s stockholders voted in favor of a future Reverse Stock Split during a virtual special meeting held on Friday, February 17, 2023.
PHILADELPHIA, Feb. 16, 2023 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (NYSE:BDN) announced today that its Board of Trustees has declared a quarterly cash dividend of $0.19 per common share and OP Unit payable on April 19, 2023 to holders of record on April 5, 2023.
NEW YORK, Feb. 16, 2023 (GLOBE NEWSWIRE) -- LXP Industrial Trust (NYSE:LXP) (“LXP”), a real estate investment trust (REIT) focused on single-tenant warehouse and distribution real estate investments, today announced revised replay conference ID information for itsfourth quarter 2022 conference call.
Management to discuss fourth quarter and full-year 2022 results and host investor Q&A at virtual event
eXp World Holdings to Announce Fourth Quarter and Full-Year 2022 Results on February 28, 2023
NEW YORK, Feb. 16, 2023 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG), New York City’s largest office landlord, today announced that Marc Holliday, Chairman and Chief Executive Officer, and Matt DiLiberto, Chief Financial Officer, will participate in a roundtable discussion at Citi’s 2023 Global Property CEO Conference on Monday, March 6, 2023 at 8:35 AM EST.
ATLANTA, GA., Feb. 16, 2023 (GLOBE NEWSWIRE) -- Americold Realty Trust, Inc. (NYSE: COLD) (the “Company”), the world’s largest publicly traded REIT focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, today announced financial and operating results for the fourth quarter ended December31, 2022.
WASHINGTON, Feb. 16, 2023 (GLOBE NEWSWIRE) -- Elme Communities (the “Company”) (NYSE: ELME), a multifamily REIT with properties in the Washington DC metro area and the Sunbelt, reported financial and operating results today for the quarter and year ended December 31, 2022:
Full-Year 2022 Financial and Operational Results
Net loss was $30.9 million, or $0.36 per diluted shareNAREIT FFO was $60.9 million, or $0.69 per diluted shareCore FFO was $77.3 million, or $0.88 per diluted shareNet Operating Income (NOI) was $135.4 millionSame-store Multifamily NOI increased by 8.8% for the yearEffective blended Lease Rate Growth increased to 9.4% compared to 1.3% in the prior yearAverage Effective Monthly Rent per Home increased 7.6% compared to the prior yearSame-store retention was 63%, up 3% compared to the prior yearSame-store multifamily Average Occupancy was 95.6%, representing an increase of 30 basis points compared to the prior yearFourth Quarter Financial Results
Net loss was $3.5 million, or $0.04 per diluted shareNAREIT FFO was $18.3 million, or $0.21 per diluted shareCore FFO was $21.5 million, or $0.24 per diluted shareNOI was $36.9 millionFourth Quarter Operational Highlights
Same-store multifamily NOI increased by 11.6% compared to the prior year periodEffective blended Lease Rate Growth was 5.7% during the quarter for our same-store portfolio, comprised of Effective new Lease Rate Growth of 1.1% and Effective renewal Lease Rate Growth of 10.1%Effective blended Lease Rate Growth was 7.0% during the quarter for our non-same-store portfolio, comprised of Effective new Lease Rate Growth of 3.0% and Effective renewal Lease Rate Growth of 13.3%Average Effective Monthly Rent per Home increased 9.7% compared to the prior year periodSame-store retention was 62%, up 2% from the prior quarter, while achieving double-digit renewal lease rate growthSame-store multifamily Average Occupancy was 95.0%, in line with our targeted rangeYTD Highlights
The Board of Trustees increased our quarterly dividend by approximately 6% to $0.18 per share to be paid on April 5, 2023 to shareholders of record on March 22, 2023On January 10, 2023, the Company executed a new $125 million two-year term loan with two one-year extension options, using the proceeds to repay the previous $100 million term loan and a portion of the line of credit.NEW YORK, Feb. 16, 2023 (GLOBE NEWSWIRE) -- LXP Industrial Trust (“LXP”) (NYSE:LXP), a real estate investment trust focused on single-tenant warehouse/distribution real estate investments, today announced results for the fourth quarter and year ended December31, 2022.
MIRAMAR, FL, Feb. 16, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire - Power Americas Resource Group Ltd. (OTC: PARG) (the “Company” or “PARG”), a publicly traded, fully reporting emerging growth company commercializing its Digital Twin technology “Twin Infra” for the international construction industry, is pleased to announce that the Company has seated three board members for its recently announced Audit Committee.