Funds from operations

CoreCivic Reports First Quarter 2024 Financial Results

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수요일, 5월 8, 2024
Supplement, Acceleration, North Fork Correctional Facility, State, Travel, California Department, Depreciation, Rehabilitation, Hand, ICE, CXW, Federal, ODC, Corrections, FFO, Documentation, Tax, Local, COVID-19, Nursing, EPS, Share repurchase, California City Correctional Facility, CoreCivic, Bank statement, GAAP, Funds from operations, Note, Security (finance)

BRENTWOOD, Tenn., May 08, 2024 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today its financial results for the first quarter of 2024. Damon T. Hininger, CoreCivic’s President and Chief Executive Officer, commented, “CoreCivic experienced a strong first quarter of 2024. Propelled by 75.2% occupancy – our highest level since the first quarter of 2020 – CoreCivic generated sturdy margins and year-over-year growth in our key metrics. Revenue increased 9% versus the first quarter of 2023, with Federal, State, and Local revenues all increasing, and our cost-management initiatives also contributed to our favorable results.”

Key Points: 
  • BRENTWOOD, Tenn., May 08, 2024 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today its financial results for the first quarter of 2024.
  • Damon T. Hininger, CoreCivic’s President and Chief Executive Officer, commented, “CoreCivic experienced a strong first quarter of 2024.
  • Adjusted EBITDA, which excludes special items, was $89.5 million in the first quarter of 2024, compared with $73.7 million in the first quarter of 2023.
  • Based on current business conditions, we are providing the following updated financial guidance for the full year 2024:

Kilroy Realty Corporation Reports First Quarter Financial Results

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목요일, 5월 2, 2024
Residential Building & Real Estate, Construction & Property, REIT, FFO, Internet, Partnership, Telephone, Funds from operations

Reported amounts are attributable to common stockholders, common unitholders and restricted stock unitholders.

Key Points: 
  • Reported amounts are attributable to common stockholders, common unitholders and restricted stock unitholders.
  • See management statement for Same Store Cash Net Operating Income on page 32 of our Supplemental Financial Report furnished on Form 8-K with this press release.
  • There can be no assurance that the Company’s actual results will not differ materially from these estimates.
  • The Company’s management will discuss first quarter results and the current business environment during the Company’s May 3, 2024 earnings conference call.

Franklin Street Properties Corp. Announces First Quarter 2024 Results

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화요일, 4월 30, 2024
Commercial Building & Real Estate, Construction & Property, REIT, Sale, Internet, Net income, Note 2, Franklin Street, VIE, News, Alert messaging, Investment, Monument, Webcast, Financial instrument, FFO, Foot, Sun Belt, Funds from operations, Consolidated, Current research information system, Sponsor, Bank statement, FSP, GAAP, G&A, Note

Franklin Street Properties Corp. (the “Company”, “FSP”, “we” or “our”) (NYSE American: FSP), a real estate investment trust (REIT), announced its results for the first quarter ended March 31, 2024.

Key Points: 
  • Franklin Street Properties Corp. (the “Company”, “FSP”, “we” or “our”) (NYSE American: FSP), a real estate investment trust (REIT), announced its results for the first quarter ended March 31, 2024.
  • G&A expenses for the first quarter of 2024 were $0.3 million higher than the first quarter of 2023.
  • Today’s news release, along with other news about Franklin Street Properties Corp., is available on the Internet at www.fspreit.com .
  • A conference call is scheduled for May 1, 2024, at 11:00 a.m. (ET) to discuss the first quarter 2024 results.

FREIT Announces First Quarter 2024 Results

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월요일, 3월 18, 2024
Real estate investment trust, Provident Bank, NOI, REIT, NAREIT, GAAP, National Association, FFO, Funds from operations, Fiscal year, Security (finance)

NOI for the commercial properties decreased to approximately $654,000 for the fiscal quarter ended January 31, 2024 from approximately $1,007,000 for the prior year's comparable period.

Key Points: 
  • NOI for the commercial properties decreased to approximately $654,000 for the fiscal quarter ended January 31, 2024 from approximately $1,007,000 for the prior year's comparable period.
  • On January 11, 2024, FREIT used cash on hand to fully repay the $7.5 million loan on its residential property located in Rockaway, New Jersey.
  • The Board of Directors of FREIT declared a first quarter dividend of $0.05 on the common stock to holders of record of the shares at the close of business on March 1, 2024.
  • FREIT computes FFO and AFFO as follows:
    For the Fiscal Quarter Ended January 31,

NewLake Capital Partners Reports Fourth Quarter and Full-Year 2023 Financial Results; Raises First Quarter 2024 Common Stock Dividend to $0.41 per Share

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월요일, 3월 11, 2024
Tenant, Comparison, FFO, The Twelve Months, Common stock, Table, Common, Conference, Fourth, Funds from operations, Environment, Holding company

NEW CANAAN, Conn., March 11, 2024 (GLOBE NEWSWIRE) -- NewLake Capital Partners, Inc. (OCTQX: NLCP) (the “Company” or “NewLake”), a leading provider of real estate capital to state-licensed cannabis operators, today announced its financial results for the fourth quarter and full year ended December 31, 2023, and declared its first quarter of 2024 dividend.

Key Points: 
  • Anthony Coniglio, President and Chief Executive Officer, said, “We are pleased to deliver solid fourth quarter and full year financial results.
  • Declared a fourth quarter dividend of $0.40 per share of common stock, an increase of 2.6% year-over-year.
  • For the twelve months ended December 31, 2023, the Company declared dividends of $1.57 per share of common stock, an increase of 9.0% year-over-year.
  • The following tables present the Company’s investment activity for the twelve months ended December 31, 2023 (dollars in thousands):

Black Diamond Reports Strong Fourth Quarter and Year-End Results and Declares Dividend

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목요일, 2월 29, 2024
Diamond, ERP, Quarter, TSX, Debt, Growth, TTM, MSS, Geography, Adjustment, BDI, Public expenditure, Capital, Funds from operations, WFS, Workforce, Asset, Environment, Travel, Video game

Since re-instating the dividend in 2021, the Company has announced three dividend increases, with the most recent occurring in the fourth quarter of 2023.

Key Points: 
  • Since re-instating the dividend in 2021, the Company has announced three dividend increases, with the most recent occurring in the fourth quarter of 2023.
  • LodgeLink also reported 101,726 room nights sold in the Quarter, a 13% decrease from the Comparative Quarter.
  • Funds from Operations¹ of $30.1 million and Free Cashflow¹ of $20.5 million for the Quarter were up 43% and 68%, respectively from the Comparative Quarter.
  • The WFS segment also ended the Quarter with $34.6 million of contracted future rental revenue, a 56% increase from the Comparative Quarter.

Physicians Realty Trust Reports Fourth Quarter and Year Ended 2023 Financial Results

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수요일, 2월 21, 2024
REIT, Other Health, Hospitals, Health, Construction & Property, Certification, FFO, OMF, Investment, Growth, Baylor University Medical Center, Foot, ESG, CSP, Trustee, Public expenditure, Normalization, Funds from operations, Abrazo Community Health Network, Depreciation, Partnership

Physicians Realty Trust (NYSE: DOC) (the “Company,” the “Trust,” “we,” “our” and “us”), a self-managed health care real estate investment trust, today announced results for the fourth quarter ended December 31, 2023.

Key Points: 
  • Physicians Realty Trust (NYSE: DOC) (the “Company,” the “Trust,” “we,” “our” and “us”), a self-managed health care real estate investment trust, today announced results for the fourth quarter ended December 31, 2023.
  • Total revenue for the fourth quarter ended December 31, 2023, was $135.5 million, an increase of 2.2% from the fourth quarter ended December 31, 2022.
  • Total expenses for the fourth quarter 2023 were $128.2 million, compared to total expenses of $120.3 million for the fourth quarter 2022.
  • Net income for the fourth quarter 2023 was $7.1 million, compared to net income of $11.9 million for the fourth quarter 2022.

Retail Opportunity Investments Corp. Reports 2023 Results

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수요일, 2월 14, 2024
Sprouts, SAN, FFO, Moody's Investors Service, National Association, Growth, Sale, NOI, S&P Global Ratings, GAAP, Real estate investment trust, Funds from operations, Investment, Depreciation, Security (finance)

SAN DIEGO, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Retail Opportunity Investments Corp. (NASDAQ:ROIC) announced today financial and operating results for the year and three months ended December 31, 2023.

Key Points: 
  • SAN DIEGO, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Retail Opportunity Investments Corp. (NASDAQ:ROIC) announced today financial and operating results for the year and three months ended December 31, 2023.
  • Stuart A. Tanz, President and Chief Executive Officer of Retail Opportunity Investments Corp. stated, “Capitalizing on the strong fundamentals and demand for space across our portfolio, during 2023 we achieved a number of new leasing records and milestones for the company.
  • In addition to enhancing ROIC’s portfolio through our leasing initiatives, we also worked to enhance our financial strength and profile.
  • For the fourth quarter of 2023, same-center NOI increased 3.3% as compared to same-center NOI for the fourth quarter of 2022.

CoreCivic Reports Fourth Quarter and Full Year 2023 Financial Results

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수요일, 2월 7, 2024
EPS, Travel, California Department, ICE, Coronavirus, Economy, Net, North Fork Correctional Facility, Tallahatchie County Correctional Facility, CoreCivic, Rehabilitation, California City Correctional Facility, Share repurchase, CXW, Note, Corrections, ODC, Bloomberg, Funds from operations, Credit, Depreciation, State, Crossroads Correctional Center, FFO, Supplement, Government, Tax, Debt-to-GDP ratio, Documentation, Bed, COVID-19, GAAP, Tallahatchie, Investment, Bank statement, Property management

BRENTWOOD, Tenn., Feb. 07, 2024 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today its financial results for the fourth quarter and full year 2023. 

Key Points: 
  • BRENTWOOD, Tenn., Feb. 07, 2024 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today its financial results for the fourth quarter and full year 2023.
  • Commenting on financial results for the quarter, Hininger added, "We are pleased with CoreCivic's financial performance for 2023, as we exceeded the financial guidance for the fourth quarter we provided in November 2023, and ended up in the top half of the financial guidance range we provided in February 2023 for Net income, Diluted EPS, FFO per diluted share and EBITDA.
  • Earnings before interest, taxes, depreciation and amortization (EBITDA) was $90.1 million in the fourth quarter of 2023, compared with $87.0 million in the fourth quarter of 2022.
  • Adjusted EBITDA, which excludes special items, was $90.0 million in the fourth quarter of 2023, compared with $87.7 million in the fourth quarter of 2022.

FREIT Announces Fourth Quarter Fiscal 2023 Results

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월요일, 1월 29, 2024
The Wall Street Journal, The Twelve Months, Provident, Provident Bank, Real estate investment trust, GAAP, National Association, Fiscal year, Funds from operations, REIT, NOI, NAREIT, FFO

The Maryland Properties sold in the prior year's comparable period were excluded from same property results for all periods presented.

Key Points: 
  • The Maryland Properties sold in the prior year's comparable period were excluded from same property results for all periods presented.
  • Same property NOI for the residential properties increased modestly to approximately $2,837,000 and $10,975,000 for the fiscal quarter and twelve months ended October 31, 2023, respectively, from approximately $2,744,000 and $10,665,000 for the prior year's comparable periods, respectively.
  • On October 4, 2023, the Board of Directors of FREIT declared a fourth quarter dividend of $0.05 per share on the common stock to holders of record of said shares at the close of business on December 1, 2023.
  • FREIT computes FFO and AFFO as follows:
    For the Fiscal Quarter Ended October 31,
    For the Twelve Months Ended October 31,