DAYTONA BEACH, Fla., July 29, 2021 (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, 2021.
Real Estate News
SAN DIEGO, CALIFORNIA, July 29, 2021 (GLOBE NEWSWIRE) -- International Land Alliance, Inc. (OTCQB: ILAL), (“ILA” or the “Company”), an international land investment and development firm, today announced the closing of its previously announced private placement with a single institutional investor for the purchase of 3,000,000 shares of its common stock at a purchase price per share of $0.68.
$683M Total Investment
AssetStrategyMarketSubmarket/BBDSF150 FayettevilleCoreRaleighCBD560,000CAPTRUST TowerCoreRaleighNorth Hills300,000Capitol TowersCoreCharlotteSouthPark479,000Morrocroft CentreCoreCharlotteSouthPark291,000Galleria 75 Redevelopment SiteCoreAtlantaCumberland/GalleriaRALEIGH, N.C., July 29, 2021 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) has closed the acquisition of a portfolio of office assets from Preferred Apartment Communities, Inc.
Company Highlights:
Diversified operating platform with a multifamily focus that continues to produce strong distributable earnings and dividends in all cycles GAAP net income of $0.51 and distributable earnings of $0.45 per diluted common share1Raised cash dividend on common stock to $0.35 per share, our fifth consecutive quarterly increaseRaised $440 million of accretive growth capital: $223 million from offering of 6.375% Series D preferred stock, using $93 million to redeem our Series A, B and C preferred stock (8.14% on a weighted-average basis)$172 million from issuance of 5.00% senior unsecured notes due in 2026$138 million through issuance of common shares Continued focus on improving funding sources, increasing warehouse capacity$1.27 billionGAAP book value of$10.97, or $11.35 per common share adjusted for $61.0 million of CECL general reservesAgency Business:
Segment income of $34.7 millionLoan originations of $1.31 billion and a servicing portfolio of over $26 billionClosed our second private label securitization totaling $450 millionStructured Business:
Segment income of $43.1 millionPortfolio growth of 18% on record loan originations of $1.84 billionClosed a $815 million collateralized securitization vehicle, our largest to dateUNIONDALE, N.Y.
Record-Setting Results Driven by Strong Organic Growth of Existing Operations and Expansion of United’s Network That Leverages United’s Proprietary Bullseye™ Technology Productivity Platform
DALLAS, July 30, 2021 (GLOBE NEWSWIRE) -- United Real Estate Group announced today better-than-guidance performance for all key financial and operational performance indicators across each of its business units through June 30th, 2021.
JACKSONVILLE, Fla., July 30, 2021 (GLOBE NEWSWIRE) -- FRP Holdings, Inc. (NASDAQ: FRPH) anticipates issuing its second-quarter earnings results on Monday, August 2, 2021.
The Earl Apartments in Arlington, VA
SAN DIEGO, July 28, 2021 (GLOBE NEWSWIRE) -- In a release issued under the same headline earlier today, please note that the time of the conference call on Thursday, July 29 has been corrected to 12:00 p.m.
IRVING, Texas, July 28, 2021 (GLOBE NEWSWIRE) -- CorePoint Lodging Inc. (NYSE: CPLG) (“CorePoint” or the “Company”) today announced that the Company plans to report financial results for the second quarter of 2021 after the market closes on Thursday, August 5, 2021.
Summit at Metrowest Pool
