HOUSTON, Aug. 02, 2022 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) today announced its operating and financial results for the secondquarter of 2022.
Real Estate News
WINTER PARK, Fla., July 29, 2022 (GLOBE NEWSWIRE) -- CTO Realty Growth (NYSE: CTO) (the “Company”) announced today the closing of the sale of Westland Gateway Plaza, it’s master leased property located in Hialeah, Florida.
The Kiawah by LGI Homes at Colonial Crossing
WASHINGTON, July 28, 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 June 30, 2022:
Financial Results
Net loss was $8.9 million, or $0.10 per diluted shareNAREIT FFO was $15.2 million, or $0.17 per diluted shareCore FFO was $18.2 million, or $0.21 per diluted shareNet Operating Income (NOI) was $32.8 millionOperational Highlights
Same-store multifamily NOI increased by 5.1% compared to the prior year period and continues to build for the second half of 2022Effective new Lease Rate Growth was 11.7%, effective renewal Lease Rate Growth was 10.9%, and effective blended Lease Rate Growth was 11.2% during the quarter for our same-store portfolioEffective new Lease Rate Growth was 17.7%, effective renewal Lease Rate Growth was 16.3%, and effective blended Lease Rate Growth was 16.9% during the quarter for our Atlanta portfolioEffective new Lease Rate Growth continued to increase post quarter end; for July move ins, we have achieved blended effective Lease Rate Growth of 17.0% for our Atlanta portfolio and 11.3% for our same-store portfolioSame-store retention increased to 63% compared to 57% in the second quarter of 2021Same-store multifamily Average Occupancy increased 70 basis points from the second quarter of 2021 to 95.8%Transformation Update
Completed the acquisitions of Alder Park in Smyrna, GA and Marietta Crossing in Marietta, GA for $178 million in aggregate on May 5, 2022, including the assumption of two mortgage notes totaling $76.6 million in the aggregate, each securing one of the properties.NEW YORK, July 28, 2022 (GLOBE NEWSWIRE) -- RPT Realty (NYSE:RPT) (“RPT” or the “Company”) announced today that its Board of Trustees declared a third quarter 2022 regular cash dividend of $0.13 per common share.
SUNNYVALE, Calif., July 28, 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 second quarter financial results on Wednesday, August 10, 2022 after market close.
WINTER PARK, Fla., July 28, 2022 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (the “Company” or “CTO”) today announced its operating results and earnings for the quarter ended June 30, 2022.
VERO BEACH, Florida, July 27, 2022 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR PRC) (“ARMOUR” or the “Company”) today announced the Company's Q2 results and June 30, 2022 financial position.
Atlanta, July 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 June30, 2022.
INDIANAPOLIS, July 28, 2022 (GLOBE NEWSWIRE) -- Duke Realty Corporation (NYSE: DRE) today announced that its Board of Directors has called a special meeting of its stockholders to consider and vote on its proposed merger with Prologis, Inc.