Net Income of $0.07 Per Diluted Share
Normalized FFO of $0.29 Per Diluted Share
Raised 2021 Full-Year Normalized FFO Guidance to $1.02 to $1.06 Per Diluted Share
VIRGINIA BEACH, Va.
Real Estate News
SAN CLEMENTE, Calif., July 30, 2021 (GLOBE NEWSWIRE) -- CareTrust REIT, Inc. (NASDAQ:CTRE) announced today that it plans to release its second quarter 2021 financial results after the U.S.
Monmouth Real Estate Investment Corporation
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HOLMDEL, NJ, Aug. 02, 2021 (GLOBE NEWSWIRE) -- Monmouth Real Estate Investment Corporation (NYSE:MNR) reported Net Income Attributable to Common Shareholders of $17.3 million or $0.17 per diluted share for the three months ended June 30, 2021 as compared to Net Income Attributable to Common Shareholders of $26.9 million or $0.27 per diluted share for the three months ended June 30, 2020, representing a decrease of $9.6 million or $0.10 per diluted share.
WASHINGTON, July 29, 2021 (GLOBE NEWSWIRE) -- Washington Real Estate Investment Trust (“WashREIT” or the “Company”) (NYSE: WRE), a leading owner and operator of multifamily properties in the Washington, DC area, reported financial and operating results today for the quarter ended June 30, 2021:
Second Quarter Results
Net loss was $7.0 million, or $0.08 per diluted shareNAREIT FFO(1) was $20.6 million, or $0.24 per diluted shareCore FFO was $30.1 million, or $0.35 per diluted shareNet Operating Income (NOI)(2) was $25.1 millionSame-store(3) multifamily NOI declined 2.0% compared to the second quarter of 2020, due to the impact of COVID-19 on lease ratesMultifamily Highlights
New lease rates improved significantly during June and thus far in July, with weekly rate growth on new lease executions improving by over 10% over the last seven weeks on a gross basis.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.
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.