Real Estate News

- First Quarter 2022 Net Loss of $0.58 Per Share -

- First Quarter 2022 Adjusted Funds from Operations1 of $0.06 Per Share –

- Demand improved sequentially during the quarter with a rapid acceleration through March -

- March Property Level EBITDA1 of $12 Million is the highest since the onset of the Pandemic –

- ADR Growth of 10.5% vs.

Tacoma, WA, April 28, 2022 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (“Harbor,” “Harbor Custom Homes®,” or the “Company”), (NASDAQ: HCDI; HCDIP; HCDIW, HCDIZ), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced the date of the Company’s first quarter 2022 earnings release and earnings conference call.

NEW YORK, April 28, 2022 (GLOBE NEWSWIRE) -- Madison Realty Capital, a vertically integrated real estate private equity firm focused on debt and equity investment strategies, today announced that it has originated a $90 million loan to 37 Ave Richouse LLC.

NEW CANAAN, Conn., April 28, 2022 (GLOBE NEWSWIRE) -- NewLake Capital Partners, Inc. (OTCQX: NLCP) (“The Company” or “NewLake”), a leading provider of real estate capital to state-licensed cannabis operators, today announced that it plans to host a conference call and report financial results for the first quarter ended March 31, 2022 after the markets close on Thursday, May 12, 2022.

– Accelerates Transformation with Focus on Resort, Luxury & Lifestyle and Destination-Orientated Portfolio –– Transaction Expected to Reduce Net Debt by $460-$480 million –

PHILADELPHIA, April 28, 2022 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha” or the “Company”), owner of high-quality hotels in urban gateway markets and regional resort destinations, today announced that it has entered into a definitive agreement to sell seven of its non-core Urban Select Service properties outside of New York (the “USS Portfolio”) for gross proceeds of $505 million, or approximately $360,000 per key.

VERO BEACH, Florida, April 26, 2022 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR-PRC) (“ARMOUR” or the “Company”) today announced the May 2022 cash dividend for the Company's Common Stock.

Net income available to common stockholders of $10.5 million for the first quarter, or $0.18 per diluted share.

Funds From Operations per diluted share increased 50% year-over-year for the first quarter to $0.57 per diluted share.

RALEIGH, N.C., April 26, 2022 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) has released its first quarter 2022 results. To view the release, please visit the investors section of our website at www.highwoods.com or click on the following link:

HIW Reports First Quarter 2022 Results

About HighwoodsHighwoods Properties, Inc.

Spacious, Upgraded Homes Situated on One-Acre Lots From the mid-$800s

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.