Real Estate News

Landsea Homes Reports First Quarter 2022 Results

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 million

NEWPORT BEACH, Calif.

Kite Realty Group Trust Reports First Quarter 2022 Operating Results

Raises 2022 guidanceLeased over 1 million square feet at 16.1% comparable blendedcash leasing spreadsAcquired $66 million of high-quality Sun Belt assetsShare repurchase program upsized to $300 million from $150 million

INDIANAPOLIS, April 28, 2022 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE: KRG), a premier owner and operator of high-quality, open-air grocery-anchored neighborhood and community centers, along with vibrant mixed-use assets, reported today its operating results for the first quarter ended March 31, 2022.

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