Net Income of $0.02 per Diluted Share for the Fourth Quarterand $0.38 per Diluted Share for the Full Year
Normalized FFO of $0.25 per Diluted Share for the Fourth Quarterand $1.10 per Diluted Share for the Full Year
Company Introduces 2021 Full-Year Normalized FFO Guidance of $0.98 to $1.02 per Diluted Share
Company Increases First Quarter 2021 Cash Dividend On Common Shares Over 36%
VIRGINIA BEACH, Va.
Atlanta, Feb. 10, 2021 (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.
HOUSTON, Feb. 10, 2021 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) (“Whitestone” or the “Company”) announces that the Board of Trustees approved an annual increase of 2.4% to the quarterly shareholder dividend to $0.1075.
Conference Call Scheduled for Thursday, February 11, 2021 at 1:00 pm ET
SAN CLEMENTE, Calif., Feb. 10, 2021 (GLOBE NEWSWIRE) -- CareTrust REIT, Inc. (Nasdaq:CTRE) today reported operating results for the quarter and year ended December 31, 2020, as well as other recent events.
Crown Canyon, Arizona’s most exclusive residential gated enclave, has broken ground
DAYTONA BEACH, Fla., Feb. 11, 2021 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company”) announced today that its Board of Directors has authorized, and the Company has declared, an increase in the Company’s quarterly cash dividend to $0.24 per share of common stock for the first quarter of 2021 from its previous quarterly cash dividend of $0.22 per share of common stock.
Included $11.1M for a Recently Developed Austin, TX Property
IRVINE, Calif., Feb. 11, 2021 (GLOBE NEWSWIRE) -- Talonvest Capital, Inc., a boutique self storage and commercial real estate mortgage brokerage firm, closed an $11,100,000 bridge loan on behalf of All Stor Woodland, Ltd, an affiliate of Endeavor Real Estate Group, the largest commercial real estate firm in Central and South Texas.
LOS ANGELES, Feb. 11, 2021 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (NASDAQ and TSX: CIGI) announced today that it has been named to Forbes’ 2021 list of America’s Best Large Employers.
WASHINGTON, Feb. 11, 2021 (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 and year ended December 31, 2020:
Full-Year 2020 Financial and Operational Results(1)
Net loss was $15.7 million, or $0.20 per diluted share, including net losses on the sale of real estate of $15.0 millionNAREIT FFO was $119.4 million, or $1.44 per diluted shareCore FFO was $1.45 per diluted shareNet Operating Income (NOI)(2) was $181.2 millionSame-store(3) NOI declined 5.4% and cash NOI declined 4.9% compared to 2019 primarily due to lower rental income and higher credit losses related to COVID-19Same-store Office NOI decreased by 7.1% and cash NOI decreased by 6.4% for the yearSame-store Multifamily NOI decreased by 0.9% and cash NOI decreased by 1.0% for the yearSame-store Other NOI decreased by $2.1 million and cash NOI decreased by $1.8 million for the yearFourth Quarter 2020 Financial and Operational Results
Net loss was $11.0 million, or $0.13 per diluted share, including net losses on the sale of real estate of $7.5 millionNAREIT FFO was $26.7 million, or $0.32 per diluted shareCore FFO was $0.33 per diluted shareNet Operating Income (NOI)(2) was $42.5 millionCash collections improved from the third quarter of 2020Same-store NOI and cash NOI declined 11.3% compared to the fourth quarter of 2019 due primarily to lower rental income and higher credit losses on certain tenants impacted by COVID-19Multifamily lease rates(4) declined 3.6% and 5.7%, respectively, on a gross blended and effective blended basis during the fourth quarterCurrent Operational Highlights
Cash collections remain strong and stable on a month-to-month basis, in line with Q4 levelsUrban multifamily net application volume increased 30% year-over-year and total net application volume increased 14% year-over-year in JanuaryMultifamily new and blended lease rates improved sequentially in January on an effective basis.INDIANAPOLIS, Feb. 11, 2021 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE: KRG) reported today its operating results for the fourth quarter and year ended December 31, 2020.
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