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.
Real Estate News
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.
JACKSONVILLE, Fla., Feb. 11, 2021 (GLOBE NEWSWIRE) -- Regency Centers Corporation (“Regency” or the “Company”)(NASDAQ: REG)today reported financial and operating results for the period ended December 31, 2020, provided an update related to the COVID-19 pandemic, and provided initial guidance for 2021 Nareit FFO.
DAYTONA BEACH, Fla., Feb. 11, 2021 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company” or “PINE”) today announced its operating results and earnings for the quarter and year ended December 31, 2020.
NASHVILLE, Tenn., Feb. 09, 2021 (GLOBE NEWSWIRE) -- Ryman Hospitality Properties, Inc. (NYSE: RHP) (the “Company”) announced today that its subsidiaries, RHP Hotel Properties, LP (the “Operating Partnership”) and RHP Finance Corporation (together with the Operating Partnership, the “Issuers”), successfully upsized and priced the private placement of $600 million aggregate principal amount of 4.500% senior notes due 2029 (the “notes”).
DANBURY, Conn., Feb. 10, 2021 (GLOBE NEWSWIRE) -- Athena Real Estate, LLC (through an affiliate) is pleased to announce the recent acquisition of the leased Pontchartrain Landing RV Resort and Marina, a casual marine RV resort located on approximately 30 acres in New Orleans.
SAN FRANCISCO, Calif., Feb. 04, 2021 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. (“Opendoor”) (Nasdaq: OPEN), a leading digital platform for residential real estate, today announced the upsize and pricing of its follow-on public offering of 28,536,888 shares of its common stock at a price to the public of $27 per share.
HOLMDEL, NJ, Feb. 04, 2021 (GLOBE NEWSWIRE) -- Monmouth Real Estate Investment Corporation (NYSE:MNR) reported Net Income Attributable to Common Shareholders of $25.7 million or $0.26 per diluted share for the three months ended December 31, 2020 as compared to Net Income Attributable to Common Shareholders of $3.5 million or $0.04 per diluted share for the three months ended December 31, 2019, representing an increase of $22.2 million or $0.22 per diluted share.
SAN CLEMENTE, Calif., Feb. 05, 2021 (GLOBE NEWSWIRE) -- CareTrust REIT, Inc. (NASDAQ:CTRE) announced today that it plans to release its fourth quarter and full year 2020 financial results after the U.S.