NEW YORK, Aug. 02, 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 quarter ended June30, 2023.
Real Estate News
The leading online real estate platform for Spain, Portugal and Italy extends multi-year agreement with Matterport to provide photo-realistic, 3D digital twins for market listings and co-develop innovative real estate solutions with Matterport SDK
SUNNYVALE, Calif.
HOUSTON, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) today announced its operating and financial results for the secondquarter of 2023.
NEW YORK, July 31, 2023 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE: VNO) reported today:
Quarter Ended June 30, 2023 Financial Results
NET INCOME attributable to common shareholders for the quarter ended June 30, 2023 was $46,377,000, or $0.24 per diluted share, compared to $50,418,000, or $0.26 per diluted share, for the prior year's quarter.
INDIANAPOLIS, July 31, 2023 (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 second quarter ended June 30, 2023.
NEW YORK, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, has provided a $18,296,000 Fannie Mae Delegated Underwriting & Servicing (DUS®) loan to refinance a 154-unit multifamily property in Brooklyn, New York.
THE WOODLANDS, Texas, Aug. 01, 2023 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced financial results for the second quarter 2023 and the six months ended June30, 2023.
Second Quarter 2023 Highlights
Net income attributable to Landsea Homes of $4.9 million, or $0.12 per diluted shareTotal revenue of $293.2 millionPretax income of $7.5 millionAdjusted EBITDA of $27.0 millionTotal homes delivered of 539Net new home orders increased 5% to 565 with an order value of $324.4 millionQuarter-end homes in backlog of 722 for a total of $455.8 millionRepurchased 969,000 shares of common stock for $7.5 millionBook value per share of $16.77DALLAS, Aug.
WASHINGTON, July 31, 2023 (GLOBE NEWSWIRE) -- Elme Communities (the “Company”) (NYSE: ELME), a multifamily REIT with communities in the Washington DC metro area and the Sunbelt, reported financial and operating results today for the quarter ended June 30, 2023:
Financial Results
Net loss was $2.6 million, or $0.03 per diluted shareNAREIT FFO was $18.8 million, or $0.21 per diluted shareCore FFO was $21.4 million, or $0.24 per diluted share, up 14% from the prior year period driven by rental rate growthNet Operating Income (NOI) was $36.3 million, up 11% from the prior year period driven by rental rate growthOperational Highlights
Same-store multifamily NOI increased by 10.9% compared to the prior year periodEffective blended Lease Rate Growth was 3.7% during the quarter for our same-store portfolio, comprised of effective new Lease Rate Growth of 0.4% and effective renewal Lease Rate Growth of 6.4%Average effective monthly rent per home increased 8.1% compared to the prior year periodSame-store retention was 63% while achieving strong renewal lease rate growthSame-store multifamily Average Occupancy was 95.6% during the quarter, up 10 basis points from the prior quarterSame-store multifamily Ending Occupancy was 95.9% as of June 30, 2023Liquidity Position
Available liquidity was more than $680 million as of June 30, 2023, consisting of availability under the Company's revolving credit facility and cash on handAnnualized second quarter net debt to EBITDA was 4.8xThe Company has no debt maturities until 2025, no secured debt, and minimal floating rate debtTransformation Update
Completed the successful transition of community-level operations to Elme management for our entire multifamily portfolioRetained 93% of our community-level team members during the internalization processCompleted the installation of smart home packages, which consist of smart locks, smart thermostats, leak detectors and smart plugs at 30% of our multifamily communities as of July 28, 2023.Courtside Moms event with Revive