Real Estate News

Armada Hoffler Reports First Quarter 2024 Results

Net Income of $0.17 Per Diluted Share

Normalized FFO of $0.33 Per Diluted Share

Multifamily Same Store NOI Growth of 2.6% (GAAP) and 2.5% (Cash)

Positive Renewal Spreads on Commercial Leases of 11.5% (GAAP) and 3.7% (Cash)

Maintained 2024 Full-Year Normalized FFO Guidance Range of $1.21 to $1.27 Per Diluted Share

VIRGINIA BEACH, Va.

FRP Holdings, Inc. (NASDAQ: FRPH) Announces Results for the First Quarter Ended March 31, 2024

JACKSONVILLE, Fla., May 08, 2024 (GLOBE NEWSWIRE) -- FRP Holdings, Inc. (NASDAQ-FRPH)—

First Quarter Highlights and Recent Developments

130% increase in Net Income ($1.3 million vs $565,000)22% increase in pro-rata NOI ($8.53 million vs $6.99 million)92% increase in the Multifamily segment’s NOI36% increase in Industrial and Commercial revenue and 47% increase in that segment’s NOI

Executive Summary and Analysis

This quarter represented another meaningful step in the growth of this Company.

Flagship Communities REIT Reports Voting Results From 2024 Annual Meeting of Unitholders

Not for distribution to U.S. newswire services or dissemination in the United States.

TORONTO, May 08, 2024 (GLOBE NEWSWIRE) -- Flagship Communities Real Estate Investment Trust (“Flagship” or the “REIT”) (TSX: MHC.U) (TSX: MHC.UN) today announced that each of the seven individuals nominated for election as a trustee of Flagship at the REIT’s Annual Meeting of Unitholders held onMay 8, 2024(the "Meeting"), was elected.

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