Real Estate News

Net income available to common stockholders of $1.3 million for the first quarter, or $0.02 per diluted share

Funds From Operations per diluted share decreased 32% year-over-year for the first quarter, to $0.38 per diluted share

Collected 93% to date of rents that were due during the first quarter of 2021

SAN DIEGO, April 27, 2021 (GLOBE NEWSWIRE) -- American Assets Trust, Inc.

UNIONDALE, N.Y., April 27, 2021 (GLOBE NEWSWIRE) -- Arbor Realty Trust, Inc. (NYSE: ABR), today announced that it is scheduled to release first quarter 2021 financial results before the market opens on Friday, May 7, 2021.

NEW YORK, April 27, 2021 (GLOBE NEWSWIRE) -- New York Mortgage Trust, Inc. (Nasdaq: NYMT) (the “Company”) announced today that it completed a private placement to eligible purchasers of $100 million in aggregate principal amount of the Company’s 5.75% senior unsecured notes due April 2026 at 100% of par.

- First Quarter 2021 Net Income of $2.9 Million -- Property Level Cash Flow Increased to $3.7 Million in March -- First Quarter 2021 Occupancy Exceeds Fourth Quarter 2020 Occupancy by 1,300 Basis Points -- First Quarter Portfolio RevPAR Beats Internal Forecast by 34% -

PHILADELPHIA, April 28, 2021 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha,” “Company,” “we” or “our”), owner of high-quality hotels in urban gateway markets and regional resort destinations, today announced results for the first quarter ended March 31, 2021.

Atlanta, April 28, 2021 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont" or the "Company") (NYSE:PDM), an owner of Class A office properties located primarily in seven major Eastern U.S.

$412 Million of Development Starts - 60 Percent Pre-Leased

In-Service Portfolio 97.6 Percent Leased

2021 Earnings and Development Guidance Increased

INDIANAPOLIS, April 28, 2021 (GLOBE NEWSWIRE) -- Duke Realty Corporation (NYSE: DRE), the largest domestic-only logistics REIT, today reported results for the first quarter of 2021.

DAYTONA BEACH, Fla., April 28, 2021 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (the “Company” or “CTO”) announced today that its Board of Directors has authorized, and the Company has declared a quarterly cash dividend of $1.00 per share of common stock for the second quarter of 2021.

Gig Harbor, Washington, April 27, 2021 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (“Harbor,” “Harbor Custom Homes®,” or the “Company”), (NASDAQ:HCDI), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced that it has closed on 23 developed single family lots for $1,719,000 in the Siena Creek subdivision in Horseshoe Bay, Texas, located approximately 53 miles west of Austin.

New Section is Now Open at Estrella™ by Newland Communities

PHILADELPHIA, April 21, 2021 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (NYSE:BDN) today reported its financial and operating results for the three months ended March 31, 2021.