Real estate investment trust

Urban Edge Properties Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Wednesday, February 14, 2024
Other Retail, Retail, Department Stores, Commercial Building & Real Estate, Construction & Property, Acquisition, Collection, FFO, Regulation, National Association, Annual report, Investment, REIT, Growth, Table, Foot, Disclosure, Net income, Projection, Tenant, NOI, Income tax, GAAP, Judgement, Regulation Fair Disclosure, Real estate investment trust, White paper, Security (finance), Depreciation, Real estate

The Company is providing a projection of anticipated net income solely to satisfy the disclosure requirements of the Securities and Exchange Commission.

Key Points: 
  • The Company is providing a projection of anticipated net income solely to satisfy the disclosure requirements of the Securities and Exchange Commission.
  • There can be no assurance that our actual results will not differ from the guidance set forth above.
  • The Company uses certain non-GAAP performance measures, in addition to the primary GAAP presentations, as we believe these measures improve the understanding of the Company's operational results.
  • Our website also includes other financial information, including our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and amendments to those reports.

The Future of Self-Storage is Self-Service: New Survey Reveals 98% of Owners and Operators Either Use Remote Management Now or Want to in the Future

Retrieved on: 
Tuesday, February 13, 2024
Emerging technologies, Real estate investment trust, Self storage

DENVER, Feb. 13, 2024 /PRNewswire/ -- More than 90% of self-storage owners, operators and managers agree that new technologies in their industry will make their jobs easier and their businesses more competitive, according to a recent survey of the industry from SpareBox Technologies, a new company bringing tech solutions to self-storage. However, approximately one-third of respondents have yet to implement any form of remote management, with 40% of those citing installation costs as their primary hesitation for embracing these new technologies.

Key Points: 
  • SpareBox Technologies' survey provides insights into self-storage facility owners and operators' 2024 priorities.
  • The survey found that owners and operators are open to new technologies, including remote management solutions, with 66% of self-storage owners, operators and managers currently utilizing some form of remote management and 32% interested in adopting it.
  • The survey also found that among self-storage owners, operators and managers, increasing revenue was their primary priority (49%) in 2024.
  • SpareBox Technologies' survey provides insights into self-storage facility owners and operators' 2024 priorities regarding their operations and technology.

Four Goulston & Storrs Attorneys Recognized as Lawdragon Green 500: 2024 Leaders in Environmental Law

Retrieved on: 
Monday, February 12, 2024
Emerald, Cornell University, Acquisition, Engineering, Georgetown University, Environmental law, University School, Abelson, Tufts University, University, Brown University, PRP, Real estate investment trust, Senior counsel, Asbestos, Real estate

BOSTON , Feb. 12, 2024 /PRNewswire/ -- Goulston & Storrs, an Am Law 200 firm, is pleased to announce that directors Kate Heller , Jonathan Pearlson , William Seuch , and of counsel Ned Abelson have been named to the Lawdragon Green 500: 2024 Leaders in Environmental Law, which recognizes the top attorneys in the practice who "help businesses navigate environmental regulations to successfully develop projects."

Key Points: 
  • BOSTON , Feb. 12, 2024 /PRNewswire/ -- Goulston & Storrs, an Am Law 200 firm, is pleased to announce that directors Kate Heller , Jonathan Pearlson , William Seuch , and of counsel Ned Abelson have been named to the Lawdragon Green 500: 2024 Leaders in Environmental Law, which recognizes the top attorneys in the practice who "help businesses navigate environmental regulations to successfully develop projects."
  • This is the second consecutive year that all four attorneys have been selected as leaders in environmental law.
  • Her unique legal and engineering expertise makes her among the top environmental attorneys in the country.
  • Ned Abelson is a nationally recognized environmental attorney who is known for his expertise in Brownfields redevelopment, transactional work, and environmental insurance.

Finite Carbon Marketplace Launches for Carbon Credit Buyers in the Voluntary Carbon Market

Retrieved on: 
Tuesday, February 6, 2024
Environmental Issues, Environmental Health, Environment, Climate Change, Sustainability, Family, Real estate investment trust, Non-governmental organization, Collection, Climate, Marketplace, Documentation, Learning, System, Renewable energy

Finite Carbon , North America's leading developer and supplier of forest carbon offsets, today announced the launch of its digital Finite Carbon Marketplace (the Marketplace).

Key Points: 
  • Finite Carbon , North America's leading developer and supplier of forest carbon offsets, today announced the launch of its digital Finite Carbon Marketplace (the Marketplace).
  • The Marketplace was designed to foster a direct, transparent, and efficient connection between carbon offset buyers and high-quality forest carbon projects exclusively developed by Finite Carbon.
  • “Finite Carbon has been a leader in forest carbon project development for more than a decade, with an unwavering commitment to advancing industry-leading best practices,” said Brandon Vickery, Co-CEO at Finite Carbon.
  • “The launch of the Finite Carbon Marketplace represents the next step in our journey, as we build upon our deep forestry expertise and decades of collective carbon market experience.

Fortune Names CBRE a World’s Most Admired Company for 14th Straight Year

Retrieved on: 
Thursday, February 1, 2024
Commercial Building & Real Estate, Construction & Property, Professional Services, Finance, Social responsibility, CBRE Group, CBRE, Real estate investment trust

CBRE Group, Inc. (NYSE:CBRE) today announced that it has been named to Fortune’s World’s Most Admired Companies roster for the 14th year in a row.

Key Points: 
  • CBRE Group, Inc. (NYSE:CBRE) today announced that it has been named to Fortune’s World’s Most Admired Companies roster for the 14th year in a row.
  • Fortune grades companies on nine attributes related to corporate performance based on surveys of industry participants.
  • Drawing from a base of some 1,500 companies, Fortune evaluated 660 companies from 29 countries in determining the World’s Most Admired Companies.
  • Fortune surveys board directors, executives and financial analysts to determine the individual company scores and rankings.

Sound Income Strategies' FXED ETF Maintains Top 1% Rating Among Peer Group by Morningstar

Retrieved on: 
Thursday, February 1, 2024
Retirement, Real estate investment trust, RIA, Fed, Business

FORT LAUDERDALE, Fla., Feb. 1, 2024 /PRNewswire/ -- Sound Income Strategies, a Fort Lauderdale, Florida-based Registered Investment Advisory (RIA) firm with more than $2.6 billion in assets under management, today announced its Sound Enhanced Fixed Income ETF (FXED) closed out the year ranked 1st out of 157 peer funds ranked by Morningstar as of Dec. 31, 2023.

Key Points: 
  • FORT LAUDERDALE, Fla., Feb. 1, 2024 /PRNewswire/ -- Sound Income Strategies, a Fort Lauderdale, Florida-based Registered Investment Advisory (RIA) firm with more than $2.6 billion in assets under management, today announced its Sound Enhanced Fixed Income ETF (FXED) closed out the year ranked 1st out of 157 peer funds ranked by Morningstar as of Dec. 31, 2023.
  • "We are pleased that our diligent work is benefiting our client portfolios and believe that interest rates have peaked for this cycle," said Eric Lutton, Chief Investment Officer at Sound Income Strategies.
  • The FXED ETF seeks current income while providing the opportunity for capital appreciation.
  • Sound Income Strategies was launched in 2014 as a wealth management business focused on fee-based, advisory income solutions.

Lenders Not Ready to Signal “All-Clear” When It Comes to the Economy, According to New FTI Consulting Survey

Retrieved on: 
Monday, January 22, 2024
Senior, Probability, FCN, Face, Corporate finance, FTI Consulting, Behavior, ESG, Real estate investment trust, Risk, Optimism, Lisp (programming language), Health, Pessimism, Growth

This year’s survey found cautious optimism prevails among lenders after a challenging year, with 45% of respondents believing that the probability of a U.S. recession is minor compared to last year, when only 29% had this view.

Key Points: 
  • This year’s survey found cautious optimism prevails among lenders after a challenging year, with 45% of respondents believing that the probability of a U.S. recession is minor compared to last year, when only 29% had this view.
  • More key findings from the survey include:
    The expected inflation outlook is improved, but still high.
  • ESG considerations fell in importance to lenders, with 41% of respondents saying that ESG factors minimally impact their lending decisions, if at all, compared to 27% last year.
  • Respondents included chief credit officers, workout group leaders, managing directors, senior vice presidents, executive directors, directors and vice presidents.

CNL HEALTHCARE PROPERTIES TO CONDUCT ANNUAL VALUATION

Retrieved on: 
Wednesday, January 17, 2024
Strategic planning, NAV, Housing, CNL, Real estate investment trust, Policy

Orlando, Fla., Jan. 17, 2024 (GLOBE NEWSWIRE) -- CNL Healthcare Properties, a real estate investment trust focused on seniors housing, plans to prepare an estimated net asset valuation (NAV) per share of the company’s common stock as of Dec. 31, 2023.

Key Points: 
  • Orlando, Fla., Jan. 17, 2024 (GLOBE NEWSWIRE) -- CNL Healthcare Properties, a real estate investment trust focused on seniors housing, plans to prepare an estimated net asset valuation (NAV) per share of the company’s common stock as of Dec. 31, 2023.
  • CNL Healthcare Properties has engaged Robert A. Stanger & Co. Inc. (Stanger) to assist the board of directors and the company’s valuation committee, which is solely comprised of independent directors, in establishing the NAV.
  • They were selected because of their familiarity with the CNL Healthcare Properties’ portfolio and their significant experience valuing assets like those owned by the company.
  • CNL Healthcare Properties will establish the 2023 NAV in accordance with its valuation policy and certain recommendations and methodologies of the Institute for Portfolio Alternatives, a trade association for non-listed direct investment vehicles.

PGT Innovations Named on Forbes’ America's Most Successful Small-Cap Companies List

Retrieved on: 
Thursday, January 25, 2024
Engineering, Architecture, Residential Building & Real Estate, Manufacturing, Construction & Property, Building Systems, REIT, Diamond, Multimedia, IGU, Capital, Real estate investment trust, Corning Inc., Organization, FactSet, Growth

PGT Innovations , Inc. (NYSE: PGTI), a national brand and innovation leader in the fenestration and garage door industries, was recently named on Forbes' 2024 America’s Most Successful Small-Cap Companies list.

Key Points: 
  • PGT Innovations , Inc. (NYSE: PGTI), a national brand and innovation leader in the fenestration and garage door industries, was recently named on Forbes' 2024 America’s Most Successful Small-Cap Companies list.
  • View the full release here: https://www.businesswire.com/news/home/20240125784373/en/
    Jeff Jackson, President and CEO of PGT Innovations (Photo: Business Wire)
    The complete list includes 100 U.S. companies across 22 industry categories.
  • 71, PGT Innovations ranked among 13 other organizations in the construction category.
  • “We are honored to be recognized on this list for another year and to be included alongside other successful U.S. companies across various industries,” said Jeff Jackson, President and CEO of PGT Innovations.

FREIT Announces Fourth Quarter Fiscal 2023 Results

Retrieved on: 
Monday, January 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,