Highwoods Announces Availability of Third Quarter 2022 Results

NEW YORK, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Northgate Real Estate Group, led by Greg Corbin, dominated the distressed real estate market for a second consecutive year, driving record-high transaction volume and aggregate dollar value.

GAAP Net Income of $0.26 Per Diluted Share for the Fourth Quarterand $0.33 per Diluted Share for the Full Year

Normalized FFO of $0.27 Per Diluted Share for the Fourth Quarterand $1.29 per Diluted Share for the Full Year

Office Same Store NOI Growth of 12.3% (GAAP)Positive Office Releasing Spreads of 18.7% (GAAP) and 3.5% (Cash)

Positive Retail Renewal Spreads of 11.1% (GAAP) and 2.9% (Cash)

Approximately 315K Net Rentable Square Feet of New and Renewed Commercial Lease Space

Introduced 2025 Full-Year Normalized FFO Guidance Range of $1.00 to $1.10 per Diluted Share

VIRGINIA BEACH, Va.

NEW YORK, Feb. 19, 2025 (GLOBE NEWSWIRE) -- New York Mortgage Trust, Inc. (Nasdaq: NYMT) (“NYMT,” the “Company,” “we,” “our” or “us”) today reported results for the three months and year ended December31, 2024, respectively.