Real estate investment trust

Postal Realty Trust Declares Second Quarter 2021 Dividend

Tuesday, July 27, 2021 - 12:30pm

The increase represents an 8.5% increase from the second quarter 2020 dividend.

Key Points: 
  • The increase represents an 8.5% increase from the second quarter 2020 dividend.
  • The dividend will be payable on August 27, 2021 to stockholders of record as of the close of business on August 13, 2021.
  • Postal Realty Trust, Inc. is an internally managed real estate investment trust that owns and manages over 1,250 properties leased primarily to the USPS, ranging from last mile post offices to larger industrial facilities.
  • As a result, the Companys actual results may differ materially from those contemplated by the forward-looking statements.

Hibernia REIT plc Trading Update

Tuesday, July 27, 2021 - 8:01am

Ahead of its Annual General Meeting being held at noon today, Hibernia REIT plc ("Hibernia" or the "Group") issues a trading update relating to the period from 1 April 2021 to date.

Key Points: 
  • Ahead of its Annual General Meeting being held at noon today, Hibernia REIT plc ("Hibernia" or the "Group") issues a trading update relating to the period from 1 April 2021 to date.
  • Following a tender process, Savills has been appointed and will undertake its first valuation of the Hibernia property portfolio in September 2021.
  • At 30 June 2021 Hibernia had net debt of 273m and cash and undrawn facilities of 122m.
  • Hibernia REIT plc is an Irish Real Estate Investment Trust ("REIT"), listed on Euronext Dublin and the London Stock Exchange.

Harcourt Square news

Tuesday, July 27, 2021 - 8:01am

The information contained within this announcement is considered by Hibernia REIT PLC to constitute inside information.

Key Points: 
  • The information contained within this announcement is considered by Hibernia REIT PLC to constitute inside information.
  • Upon the publication of this announcement via a Regulatory Information Service, this inside information will be considered to be in the public domain.
  • ft. office development at Harcourt Square for the long term at an initial net effective rent slightly below 50 per sq.
  • Hibernia REIT plc is an Irish Real Estate Investment Trust ("REIT"), listed on Euronext Dublin and the London Stock Exchange.

WashREIT Completes Office Portfolio Sale

Monday, July 26, 2021 - 10:39pm

WASHINGTON, July 26, 2021 (GLOBE NEWSWIRE) -- WashREIT (NYSE: WRE) has completed the previously announced sale of 12 office assets, representing the entire office portfolio excluding Watergate 600, for gross proceeds of $766 million.

Key Points: 
  • WASHINGTON, July 26, 2021 (GLOBE NEWSWIRE) -- WashREIT (NYSE: WRE) has completed the previously announced sale of 12 office assets, representing the entire office portfolio excluding Watergate 600, for gross proceeds of $766 million.
  • The successful sale of our office portfolio represents a significant milestone in our multi-year strategic transformation into a multifamily REIT, said Paul T. McDermott, President and CEO of WashREIT.
  • We are pleased with the execution of this sale, which provides significant capital to continue our growth as we geographically diversify into targeted Southeastern markets.
  • WashREIT owns and operates uniquely positioned real estate assets in the Washington D.C. market.

Apollo Commercial Real Estate Finance, Inc. Reports Second Quarter 2021 Results

Monday, July 26, 2021 - 9:15pm

NEW YORK, July 26, 2021 (GLOBE NEWSWIRE) -- Apollo Commercial Real Estate Finance, Inc. (the Company or ARI) (NYSE:ARI), today reported results for the quarter and six-month period ended June 30, 2021.

Key Points: 
  • NEW YORK, July 26, 2021 (GLOBE NEWSWIRE) -- Apollo Commercial Real Estate Finance, Inc. (the Company or ARI) (NYSE:ARI), today reported results for the quarter and six-month period ended June 30, 2021.
  • ARI issued a detailed presentation of the Companys three-month and six-month period ended June 30, 2021 results, which can be viewed at www.apolloreit.com .
  • Members of the public who are interested in participating in the Companys second quarter 2021 earnings teleconference call should dial from the U.S., (877) 331-6553, or from outside the U.S., (760) 666-3769, shortly before 10:00 a.m. on Tuesday, July 27, 2021 and reference the Apollo Commercial Real Estate Finance, Inc. Teleconference Call (number 1651389).
  • About Apollo Commercial Real Estate Finance, Inc.
    Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) is a real estate investment trust that primarily originates, acquires, invests in and manages performing commercial first mortgage loans, subordinate financings and other commercial real estate-related debt investments.

Apollo Commercial Real Estate Finance, Inc. Expands Board of Directors With Election of Pamela Carlton

Monday, July 26, 2021 - 9:15pm

Ms. Carlton joins a recently expanded ARI Board, following the election earlier this year of Carmencita Whonder at the Companys Annual Meeting.

Key Points: 
  • Ms. Carlton joins a recently expanded ARI Board, following the election earlier this year of Carmencita Whonder at the Companys Annual Meeting.
  • Ms. Carltons election brings the total number of board members to ten, six of whom are independent directors.
  • Ms. Carlton also serves on the Board of Directors of Evercore (NYSE: EVR), the Board of Directors of Columbia Threadneedle Investments (the mutual fund board of Ameriprise), the Board of Directors of DR Bank and the Board of Directors of New York Presbyterian Hospital.
  • About Apollo Commercial Real Estate Finance, Inc.
    Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) is a real estate investment trust that primarily originates, acquires, invests in and manages performing commercial first mortgage loans, subordinate financings and other commercial real estate-related debt investments.

Pebblebrook Hotel Trust Revises Date and Time for Second Quarter 2021 Conference Call

Monday, July 26, 2021 - 3:00pm

Pebblebrook Hotel Trust (NYSE: PEB) (the Company) today announced that due to the recent scheduling of another hospitality companys conference call during its prior-scheduled date and time, the Company has changed the date and time of its quarterly conference call to Friday, July 30, 2021, at 9:00 AM ET.

Key Points: 
  • Pebblebrook Hotel Trust (NYSE: PEB) (the Company) today announced that due to the recent scheduling of another hospitality companys conference call during its prior-scheduled date and time, the Company has changed the date and time of its quarterly conference call to Friday, July 30, 2021, at 9:00 AM ET.
  • The Company will now report its financial and operating results for the second quarter on Thursday, July 29, 2021, after the market closes.
  • To participate in the conference call, please follow the steps listed below:
    Tell the operator that you are calling for Pebblebrook Hotel Trusts Second Quarter 2021 Earnings Conference Call;
    State your full name and company affiliation and you will be connected to the call.
  • Pebblebrook Hotel Trust (NYSE: PEB) is a publicly-traded real estate investment trust (REIT) and the largest owner of urban and resort lifestyle hotels in the United States.

Benefit Street Partners Realty Trust and Capstead Mortgage Corporation to Merge

Monday, July 26, 2021 - 12:30pm

Benefit Street Partners Realty Trust, Inc. (BSPRT), a publicly-registered, non-listed real estate investment trust (REIT), and Capstead Mortgage Corporation (NYSE: CMO) (Capstead), a REIT, today announced they have entered into a definitive merger agreement.

Key Points: 
  • Benefit Street Partners Realty Trust, Inc. (BSPRT), a publicly-registered, non-listed real estate investment trust (REIT), and Capstead Mortgage Corporation (NYSE: CMO) (Capstead), a REIT, today announced they have entered into a definitive merger agreement.
  • The combined company, to be called Franklin BSP Realty Trust post-close, will transition the capital base of Capstead, a residential mortgage REIT, into commercial mortgage loans where BSPRT is focused.
  • Franklin BSP Realty Trust will be the 4th largest commercial mortgage REIT with nearly $2 billion of pro forma equity.
  • Benefit Street Partners Realty Trust, Inc. (BSPRT) is a publicly-registered, private real estate investment trust that originates, acquires and manages a diversified portfolio of commercial real estate debt secured by properties located in the United States.

DigitalBridge Announces Acquisition of Leading Asian Data Center Business

Monday, July 26, 2021 - 5:41am

DigitalBridge Group, Inc. (DigitalBridge) (NYSE: DBRG) today announced the acquisition of the data center business of PCCW Ltd. by funds affiliated with DigitalBridges investment management platform.

Key Points: 
  • DigitalBridge Group, Inc. (DigitalBridge) (NYSE: DBRG) today announced the acquisition of the data center business of PCCW Ltd. by funds affiliated with DigitalBridges investment management platform.
  • As an experienced investor in the global data center sector, DigitalBridges expertise investing in, building, and operating data centers to the highest standards aligns perfectly with PCCW DCs next stage of development, said Marc Ganzi, President and CEO of DigitalBridge.
  • They are already a leading operator in the region and are poised for significant growth, with a strong development pipeline and considerable expansion capacity.
  • DigitalBridge (NYSE: DBRG) is a leading global digital infrastructure REIT.

Nexus REIT Announces Q2 2021 Results Date and July and August 2021 Distributions

Saturday, July 24, 2021 - 12:57am

TORONTO and MONTREAL, July 23, 2021 (GLOBE NEWSWIRE) -- Nexus Real Estate Investment Trust (TSX: NXR.UN) (Nexus or the REIT) announced today that it intends to release its financial results for the second quarter ended June30, 2021 before the opening of the TSX on Thursday August 12, 2021.

Key Points: 
  • TORONTO and MONTREAL, July 23, 2021 (GLOBE NEWSWIRE) -- Nexus Real Estate Investment Trust (TSX: NXR.UN) (Nexus or the REIT) announced today that it intends to release its financial results for the second quarter ended June30, 2021 before the opening of the TSX on Thursday August 12, 2021.
  • Management of the REIT will host a conference call at 1:00 PM Eastern Standard Time on Thursday August12, 2021 to review the financial results and operations.
  • The REITs distribution reinvestment plan (DRIP) entitles eligible unitholders to elect to receive all, or a portion of the cash distributions of the REIT reinvested in units of the REIT.
  • The REIT currently owns a portfolio of 89 properties comprising approximately 6.6 million square feet of gross leasable area.