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Texas’ Hidden Gem: Cambridge Homes Introduces Tinsley Meadows and Rolling Ridge in Van Alstyne, Tailored for First-Time Buyers

Retrieved on: 
Tuesday, March 5, 2024

Nestled in the heart of Van Alstyne, Cambridge Homes, an expanding name in the land development and home building industry, presents two exceptional communities – Tinsley Meadows and Rolling Ridge.

Key Points: 
  • Nestled in the heart of Van Alstyne, Cambridge Homes, an expanding name in the land development and home building industry, presents two exceptional communities – Tinsley Meadows and Rolling Ridge.
  • With an unwavering commitment to quality, style, and thoughtful design, Cambridge Homes introduces homes tailored for first-time buyers.
  • View the full release here: https://www.businesswire.com/news/home/20240305406934/en/
    Personalized one- and two-story homes available in Tinsley Meadows and Rolling Ridge.
  • Cambridge Homes presents a diverse range of one- and two-story homes in both Tinsley Meadows and Rolling Ridge.

More Consumers Choosing Electric Vehicles, as a Wider Array of Models Enter the Market

Retrieved on: 
Thursday, February 29, 2024

With a wider range of models being introduced year after year, electric vehicles (EVs) have gained more traction from consumers in the market for a new vehicle.

Key Points: 
  • With a wider range of models being introduced year after year, electric vehicles (EVs) have gained more traction from consumers in the market for a new vehicle.
  • According to Experian’s State of the Automotive Finance Market Report: Q4 2023 , EVs comprised 8.6% of total new retail transactions, up from 7.1% in Q4 2022.
  • View the full release here: https://www.businesswire.com/news/home/20240229010115/en/
    Experian’s State of the Automotive Finance Market Report: Q4 2023.
  • “With interest rates remaining at elevated levels, it’s natural to see consumers continue to opt for shorter-term loans,” Zabritski continued.

10-Acre Equestrian Assemblage in Wellington, FL Scheduled for Mar 9 Luxury Auction®

Retrieved on: 
Thursday, February 29, 2024

Miami-based Platinum Luxury Auctions has announced its tenth luxury auction® offering in the village of Wellington, Florida.

Key Points: 
  • Miami-based Platinum Luxury Auctions has announced its tenth luxury auction® offering in the village of Wellington, Florida.
  • The parcels were previously listed for $4.5 million collectively, before the seller retained Platinum to exclusively manage the no-reserve auction sale.
  • View the full release here: https://www.businesswire.com/news/home/20240229008275/en/
    On March 9, 2024, these two, 5-acre parcels in the world-famous equestrian village of Wellington, Florida will be sold to the highest bidder at a luxury auction® without reserve.
  • Platinum Luxury Auctions is exclusively managing the sale on behalf of the seller.

Orion Office REIT Inc. Announces Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Tuesday, February 27, 2024

During the fourth quarter of 2023, the Company closed on four dispositions, representing a total of approximately 575,000 square feet, for an aggregate sales price of approximately $11.4 million.

Key Points: 
  • During the fourth quarter of 2023, the Company closed on four dispositions, representing a total of approximately 575,000 square feet, for an aggregate sales price of approximately $11.4 million.
  • For the full year 2023, the Company closed on six dispositions, representing a total of approximately 849,000 square feet for an aggregate sales price of approximately $25.4 million.
  • At year end, the Unconsolidated Joint Venture owned six real estate assets for total Gross Real Estate Investments of approximately $227.7 million.
  • Based on current economic conditions and the Company’s financial condition, Orion is providing the following guidance estimates for fiscal year 2024:

Interface Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Tuesday, February 27, 2024

Adjusted SG&A expenses were $83.5 million, or 25.7% of net sales, in the fourth quarter of 2023, compared to $79.4 million, or 23.7% of net sales, in the fourth quarter of 2022.

Key Points: 
  • Adjusted SG&A expenses were $83.5 million, or 25.7% of net sales, in the fourth quarter of 2023, compared to $79.4 million, or 23.7% of net sales, in the fourth quarter of 2022.
  • Fourth quarter 2023 adjusted operating income ("AOI") was $41.0 million versus AOI of $32.0 million in the fourth quarter of 2022.
  • Fourth quarter 2023 adjusted net income was $23.8 million, or $0.41 per diluted share, versus fourth quarter 2022 adjusted net income of $18.1 million, or $0.31 per diluted share.
  • Interface will host a conference call on February 27, 2024, at 8:00 a.m. Eastern Time, to discuss its fourth quarter and full fiscal year 2023 results.

KB Home Announces the Grand Opening of Its Newest Community, in Riverside, California

Retrieved on: 
Friday, February 23, 2024

KB Home (NYSE: KBH) today announced the grand opening of its newest community, Argento at Citrine, in Riverside, California’s highly desirable Orangecrest neighborhood.

Key Points: 
  • KB Home (NYSE: KBH) today announced the grand opening of its newest community, Argento at Citrine, in Riverside, California’s highly desirable Orangecrest neighborhood.
  • View the full release here: https://www.businesswire.com/news/home/20240223199661/en/
    KB Home announces the grand opening of its newest community, Argento at Citrine, in Riverside, California’s highly desirable Orangecrest neighborhood.
  • Every KB home is uniquely built for each customer, so no two KB homes are the same.
  • KB homes are engineered to be highly energy and water efficient and include features that support healthier indoor environments.

Peakstone Realty Trust Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Thursday, February 22, 2024

Peakstone Realty Trust ("PKST" or the "Company") (NYSE: PKST), a real estate investment trust that owns and operates a high-quality, newer-vintage portfolio of predominantly single-tenant industrial and office properties, today announced its financial results for the quarter and full year ended December 31, 2023.

Key Points: 
  • Peakstone Realty Trust ("PKST" or the "Company") (NYSE: PKST), a real estate investment trust that owns and operates a high-quality, newer-vintage portfolio of predominantly single-tenant industrial and office properties, today announced its financial results for the quarter and full year ended December 31, 2023.
  • In the fourth quarter, total revenue was approximately $63.1 million compared to $75.9 million for the same quarter last year.
  • In the fourth quarter, Same Store Cash NOI was approximately $48.2 million compared to $46.2 million for the same quarter last year, an increase of 4.5%.
  • PKST will host a webcast to present the fourth quarter results on Thursday, February 22, 2024 at 5:00 p.m. Eastern Time.

Nationwide Inventory Levels Continue to Soar Despite Notable MSA Pullbacks, HouseCanary Report Finds

Retrieved on: 
Thursday, February 22, 2024

As with preceding quarters, the continued inventory influx resulted in an expected Days on Market surge of 26.3% compared to Q4 2022.

Key Points: 
  • As with preceding quarters, the continued inventory influx resulted in an expected Days on Market surge of 26.3% compared to Q4 2022.
  • Given the high inventory levels, Q4 2023 witnessed a marginal increase in median SFR prices of 1.5% compared to the previous year.
  • Chris Stroud, Co-founder and Chief of Research at HouseCanary, commented: “Looking back at Q3, only four of HouseCanary’s tracked MSAs saw inventory decreases on a year-over-year basis.
  • Notable MSAs Signal Potential Inventory Easing: While remaining elevated historically, MSAs including Palm Bay-Melbourne-Titusville, FL have seen significant pullback with inventory dropping -50% year-over-year.

Owlet Announces Strong Preliminary Fourth Quarter 2023 Results and to Report Fourth Quarter 2023 Financial Results on March 7, 2024

Retrieved on: 
Thursday, February 22, 2024

Owlet , Inc. (“Owlet” or the “Company”) (NYSE:OWLT), the pioneer of smart infant monitoring, today announces the following preliminary unaudited results for the fourth quarter 2023.

Key Points: 
  • Owlet , Inc. (“Owlet” or the “Company”) (NYSE:OWLT), the pioneer of smart infant monitoring, today announces the following preliminary unaudited results for the fourth quarter 2023.
  • Q4 Gross Margin is expected to be approximately 47%, up over 1,900 basis points from 27.8% year over year.
  • Q4 Net Loss is expected to be approximately $6.9 million, down 65% from $19.5 million year over year.
  • I’m proud of the immense progress our team has made in re-shaping the company in 2023.”
    The Company will report its full fourth quarter and year-end 2023 financial results after the market closes on March 7, 2024.

Consensus Cloud Solutions, Inc. Provides Fourth Quarter and Full Year 2023 Results (Preliminary and Unaudited); Releases Q1 and Full Year 2024 Guidance

Retrieved on: 
Wednesday, February 21, 2024

Consensus Cloud Solutions, Inc. (NASDAQ: CCSI) today reported preliminary financial results for the fourth quarter and year ended December 31, 2023.

Key Points: 
  • Consensus Cloud Solutions, Inc. (NASDAQ: CCSI) today reported preliminary financial results for the fourth quarter and year ended December 31, 2023.
  • Q4 2023 revenues decreased 2.7% to $87.8 million compared to $90.2 million for Q4 2022.
  • GAAP net income (1) of $16.8 million in Q4 2023 is consistent with $16.9 million in Q4 2022.
  • Key financial results from operations for Q4 2023 versus Q4 2022 are set forth in the following table.