Real Estate News

Arbor Realty Trust Reports First Quarter 2021 Results and Increases Dividend for Fourth Consecutive Quarter to $0.34 per Share

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 $0.55 and distributable earnings of $0.52 per diluted common share1Raised cash dividend on common stock to $0.34 per share, or 13.3% higher than a year ago, representing our fourth consecutive quarterly increaseGenerated pretax income of $22.5 million from our residential mortgage banking joint ventureRaised $158 million of accretive growth capital through the issuance of common shares

Agency Business:

Segment income of $35.3 millionLoan originations of $1.40 billion and a servicing portfolio of $25.46 billion

Structured Business:

Segment income of $43.9 millionPortfolio growth of 14% on $1.09 billion of loan originationsClosed a $785 million collateralized securitization vehicle

Recent Development

Raised an additional $175 million of accretive growth capital through the issuance of 5.00% senior unsecured notes due in 2026

UNIONDALE, N.Y.

Brookfield Property Partners Reports First Quarter 2021 Results

All dollar references are in U.S. dollars, unless noted otherwise.

BROOKFIELD NEWS, May 07, 2021 (GLOBE NEWSWIRE) -- Brookfield Property Partners L.P. (NASDAQ: BPY; NASDAQ: BPYU; TSX: BPY.UN) (“BPY” or the "Partnership") today announced financial results for the quarter ended March 31, 2021.

Lexington Realty Trust Reports First Quarter 2021 Results

NEW YORK, May 07, 2021 (GLOBE NEWSWIRE) -- Lexington Realty Trust (“Lexington”) (NYSE:LXP), a real estate investment trust focused on single-tenant industrial real estate investments, today announced results for the first quarter ended March31, 2021.

Park Hotels & Resorts Executes Definitive Contract to Sell two Hotels for $149 Million; Proceeds to be Used to Further Reduce Leverage

TYSONS, Va., May 10, 2021 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park”) (NYSE:PK) today announced that it has entered into a definitive contract to sell two assets for combined gross proceeds of $149.0 million, or approximately $360,000 per key.

Armour Residential REIT, Inc Publishes Inaugural Environmental, Social & Governance Report

VERO BEACH, Florida, May 05, 2021 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR-PRC) (“ARMOUR” or the “Company”) announced today that it has published its inaugural Environmental, Social & Governance (“ESG”) report.

RPT Realty Reports First Quarter 2021 Results; Raises Full Year 2021 Outlook

Net income (loss) attributable to common shareholders for the first quarter 2021 of $15.2 million, or $0.19 per diluted share, compared to $(1.3) million, or $(0.02) per diluted share for the same period in 2020.

Star Equity Holdings, Inc. to Release First Quarter 2021 Financial Results on May 14

OLD GREENWICH, Conn., May 05, 2021 (GLOBE NEWSWIRE) -- Star Equity Holdings (Nasdaq: STRR; STRRP) (“Star Equity” or the “Company”), a diversified, multi-industry holding company with three business divisions (Healthcare, Construction, and Investments), announcedtoday that it will release its financial results for the first quarter endedMarch 31, 2021,before the market opens onFriday, May 14, 2021.