2025

Pershing Square to Invest $900 million to Acquire Nine Million Newly Issued Shares of Howard Hughes Holdings and Transform HHH Into a Diversified Holding Company

Pershing Square to Support HHH’s Strategic Expansion Through Investment, Advisory, and Other Resources

HHH Will Operate as a Diversified Holding Company Seeking to Acquire Controlling Interests in High-Quality, Durable Growth Public and Private Companies

Howard Hughes Corporation, HHH’s Real Estate Development Business and Principal Subsidiary,Will Continue as the Nation’s Leading Community Builder

Pershing Square’s Primary Purchase of HHH Stock for $100.00 per ShareRepresents a 48% Premium to Friday’s Closing Price

Pershing Square Will Now Own 46.9% of the Company

Pershing Square’s Investment Materially Improves Howard Hughes’ Credit Profile and Strategic and Financial Flexibility

THE WOODLANDS, Texas and NEW YORK, May 05, 2025 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc.

Elme Communities Announces First Quarter 2025 Results

Strong Same-store NOI and Occupancy Growth

Operating Initiatives Driving Higher Fee Income

Solid Rental Rate Growth

BETHESDA, Md., May 01, 2025 (GLOBE NEWSWIRE) -- Elme Communities (the “Company” or “Elme”) (NYSE: ELME), a multifamily REIT, reported financial and operating results today for the quarter ended March 31, 2025:

Financial Results Three months ended March 31,20252024Net loss per diluted share$ (0.05)$ (0.04)Core FFO per diluted share 0.24 0.23

Operational Highlights

Same-store multifamily NOI increased by 5.5% compared to the prior year quarterSame-store Average Effective Monthly Rent Per Home increased 1.7% compared to the prior year quarterEffective blended Lease Rate Growth was 1.9% for our Same-Store Portfolio during the quarter, comprised of effective new Lease Rate Growth of (2.0)% and effective renewal Lease Rate Growth of 5.0%Retention was 62% during the quarter, in line with expectationsSame-store multifamily Average Occupancy was 94.8% during the quarter, up 0.5% compared to the prior year quarter

Balance Sheet

Available liquidity was $324 million as of March 31, 2025, consisting of availability under the Company's revolving credit facility and cash on handAnnualized first quarter Net Debt to Adjusted EBITDA ratio was 5.6xThe Company has a strong balance sheet with only $125 million of debt maturing before 2028 and no secured debt

“Our operating business delivered strong results this quarter, and demand trends across our portfolio remain solid as we head into our peak leasing season,” said Paul T.

Kimco Realty® Announces First Quarter 2025 Results

– Raises 2025 Outlook on Robust Growth in Net Income and FFO –– Same Property NOI Increased 3.9%; Credit Loss Better than Expected –– Leased Over Four Million Square Feet; New Lease Spreads Approach 49% –– Achieves Strategic Target: 85% of Annual Base Rent from Grocery-Anchored Portfolio –

JERICHO, New York, May 01, 2025 (GLOBE NEWSWIRE) -- Kimco Realty® (NYSE: KIM), a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States, today reported results for the first quarter ended March 31, 2025.

DeFi Development Corp. Announces $24 Million Private Placement to Accelerate Solana Accumulation Strategy

BOCA RATON, May 01, 2025 (GLOBE NEWSWIRE) -- DeFi Development Corp. (Nasdaq: JNVR) (“DeFi Dev Corp” or the “Company”) today announces that it has entered into a securities purchase agreement for a private investment in public equity (“PIPE”) financing that is expected to result in gross proceeds of approximately $24 million to the Company, before placement agent fees and offering expenses.

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