THE WOODLANDS, Texas, Nov. 03, 2020 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced financial results for the third quarter and nine months ended September 30, 2020.
Real Estate News
The fundraising program is set to raise $250,000 before year’s end to help construct two STEM classrooms at the Mariano Rivera Learning Center in New Rochelle, New York
NEW YORK, Oct.
WASHINGTON, Oct. 29, 2020 (GLOBE NEWSWIRE) -- Washington Real Estate Investment Trust (“WashREIT” or the “Company”) (NYSE: WRE), a leading owner and operator of multifamily and commercial properties in the Washington, DC area, reported financial and operating results today for the quarter ended September 30, 2020:
Financial Results
Net loss attributable to controlling interests was $1.0 million, or $0.01 per diluted shareNAREIT FFO(1) was $29.5 million, or $0.36 per diluted shareCore FFO(1) was $0.36 per diluted shareOperational Highlights
Net Operating Income (NOI)(2) was $44.6 millionSame-store(3) NOI declined 4.9% and cash NOI declined 4.1% compared to the third quarter of 2019 due primarily to lower commercial parking income and higher credit loss related to COVID-19Cash collection rates improved from the second quarter of 2020Total credit losses related to COVID-19 of $0.8 million improved slightly from the second quarter of 2020Multifamily occupancy at quarter end excluding Trove increased 30 basis points compared to the second quarter of 2020, Office ending occupancy declined 20 basis points, and Other(5) ending occupancy increased 280 basis points compared to the second quarter of 2020Multifamily new and renewal lease rates(4) for suburban properties increased approximately 1.1% on a blended basis while urban property lease rates declined 2.9% on a blended basis.Atlanta, Oct. 29, 2020 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont" or the "Company") (NYSE:PDM), an owner of Class A office properties located primarily in select sub-markets within seven major Eastern U.S.
IRVING, Texas, Oct. 30, 2020 (GLOBE NEWSWIRE) -- CorePoint Lodging Inc. (NYSE: CPLG) (“CorePoint” or the “Company”) today announced that the Company plans to report financial results for the third quarter of 2020 after market close on Thursday, November 5, 2020.
Company Highlights:
Diversified operating platform with a multifamily focus that continues to produce strong core earnings and dividends in all cycles GAAP net income of $0.Southfield, MI, Oct. 30, 2020 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE: SUI) (the "Company") today announced the closing of its previously announced acquisition of Safe Harbor Marinas, LLC (“Safe Harbor”).
SAN CLEMENTE, Calif., Oct. 30, 2020 (GLOBE NEWSWIRE) -- CareTrust REIT, Inc. (NASDAQ:CTRE) announced today that it plans to release its third quarter 2020 financial results after the U.S.
VIRGINIA BEACH, Va., Nov. 02, 2020 (GLOBE NEWSWIRE) -- Armada Hoffler Properties, Inc. (NYSE: AHH) today announced that it has completed the acquisition of The Residences at Annapolis Junction.
SAN FRANCISCO, Nov. 02, 2020 (GLOBE NEWSWIRE) -- The San Francisco Business Times announced that OnePiece Work has been ranked no. 8 among the 100 Fastest Growing Private Companies in the Bay Area.