NOI

Canter Resources Receives NOI Approval and Exploration Well Permit for the Columbus Lithium-Boron Project

Retrieved on: 
Wednesday, March 6, 2024

The Company has also received its permit from the Nevada Division of Minerals for its initial exploration well at the Columbus Lithium-Boron Project ("Columbus") located near Tonopah, Nevada.

Key Points: 
  • The Company has also received its permit from the Nevada Division of Minerals for its initial exploration well at the Columbus Lithium-Boron Project ("Columbus") located near Tonopah, Nevada.
  • "With our permits and approved NOI in place at Columbus we have reached another key milestone and are now in position to finalize our engagements with contractors and ramp up field activities," stated Joness Lang, CEO of Canter.
  • These regulatory milestones pave the way for Canter to launch its Phase I exploration program, designed to rapidly assess the lithium and boron mineral resource potential within the Columbus Basin.
  • Dirt work will commence concurrently with drill site preparation for the Company's first exploration well.

Freddie Mac Multifamily Apartment Investment Market Index Finishes 2023 Up Nationwide Despite Fourth Quarter Decline

Retrieved on: 
Monday, March 11, 2024

MCLEAN, Va., March 11, 2024 (GLOBE NEWSWIRE) -- The Freddie Mac (OTCQB: FMCC) Multifamily Apartment Investment Market Index® (AIMI®) decreased in the fourth quarter of 2023, but increased over the full year, with the annual gain indicating that investment conditions were better in the fourth quarter compared with one year prior.

Key Points: 
  • MCLEAN, Va., March 11, 2024 (GLOBE NEWSWIRE) -- The Freddie Mac (OTCQB: FMCC) Multifamily Apartment Investment Market Index® (AIMI®) decreased in the fourth quarter of 2023, but increased over the full year, with the annual gain indicating that investment conditions were better in the fourth quarter compared with one year prior.
  • Despite the fourth quarter dip, AIMI finished 2023 up for the year nationally and in the majority of regional markets.
  • “The end of 2023 was a tale of two directions for AIMI,” said Sara Hoffmann, senior director of Multifamily Research at Freddie Mac.
  • “The index finished 2023 up overall for the year, but fourth quarter was down across the board.

Extendicare Announces 2023 Fourth Quarter and Year End Results

Retrieved on: 
Friday, March 8, 2024

MARKHAM, Ontario, March 07, 2024 (GLOBE NEWSWIRE) -- Extendicare Inc. (“Extendicare” or the “Company”) (TSX: EXE) today reported results for the three and twelve months ended December 31, 2023.

Key Points: 
  • MARKHAM, Ontario, March 07, 2024 (GLOBE NEWSWIRE) -- Extendicare Inc. (“Extendicare” or the “Company”) (TSX: EXE) today reported results for the three and twelve months ended December 31, 2023.
  • Beds under management through Extendicare Assist grew 64.2% to 9,783 from Q4 2022 driven by the Revera and Axium transactions.
  • “Our strong fourth quarter is the result of the strategic initiatives we have undertaken to reposition Extendicare for growth and value creation,” said Dr. Michael Guerriere, President and Chief Executive Officer.
  • In November 2023, Axium Extendicare LTC II LP (“Axium JV II”) acquired a new 320-bed LTC redevelopment project in Ottawa from Revera.

CubeSmart Reports Fourth Quarter and Annual 2023 Results

Retrieved on: 
Thursday, February 29, 2024

Net income attributable to the Company’s common shareholders was $112.7 million for the fourth quarter of 2023, compared with $81.9 million for the fourth quarter of 2022.

Key Points: 
  • Net income attributable to the Company’s common shareholders was $112.7 million for the fourth quarter of 2023, compared with $81.9 million for the fourth quarter of 2022.
  • FFO, as adjusted, was $158.4 million for the fourth quarter of 2023, compared with $152.3 million for the fourth quarter of 2022.
  • Same-store revenues for the fourth quarter of 2023 increased 0.4% and same-store operating expenses decreased 1.8% from the same quarter in 2022.
  • Same-store NOI increased 1.2% from the fourth quarter of 2022 to the fourth quarter of 2023.

CTO Realty Growth Reports Fourth Quarter And Full Year 2023 Operating Results

Retrieved on: 
Thursday, February 22, 2024

WINTER PARK, Fla., Feb. 22, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (the “Company” or “CTO”) today announced its operating results and earnings for the quarter and year ended December 31, 2023.

Key Points: 
  • WINTER PARK, Fla., Feb. 22, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (the “Company” or “CTO”) today announced its operating results and earnings for the quarter and year ended December 31, 2023.
  • Reported AFFO per diluted share attributable to common stockholders of $1.91 for the year ended December 31, 2023.
  • Reported Net Income per diluted share attributable to common stockholders of $0.25 for the quarter ended December 31, 2023.
  • “Operational performance in the fourth quarter was strong, with comparable leasing rent growth of nearly 18% and same-store NOI growth of just under 5%.

Armada Hoffler Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Thursday, February 22, 2024

Property segment net operating income ("NOI") of $39.3 million for the fourth quarter of 2023, which represents a 4.2% increase compared to $37.7 million for the fourth quarter of 2022.

Key Points: 
  • Property segment net operating income ("NOI") of $39.3 million for the fourth quarter of 2023, which represents a 4.2% increase compared to $37.7 million for the fourth quarter of 2022.
  • Same Store NOI for the fourth quarter of 2023 decreased 6.0% on a GAAP basis and increased less than 0.1% on a cash basis compared to the fourth quarter of 2022.
  • During the fourth quarter of 2023, unrealized losses on non-designated interest rate derivatives that negatively affected FFO were $16.2 million.
  • FFO attributable to common stockholders and OP Unitholders for the fourth quarter decreased to $11.1 million compared to $29.4 million for the fourth quarter of 2022.

Plymouth Industrial REIT Reports Fourth Quarter Results

Retrieved on: 
Wednesday, February 21, 2024

BOSTON, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT , Inc. (NYSE: PLYM) (the “Company”) today announced its financial results for the fourth quarter and year ended December 31, 2023 and other recent developments.

Key Points: 
  • BOSTON, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT , Inc. (NYSE: PLYM) (the “Company”) today announced its financial results for the fourth quarter and year ended December 31, 2023 and other recent developments.
  • During the fourth quarter, Plymouth completed the previously announced sale of its 156,634-square-foot industrial building in Marlton, New Jersey for $16.8 million.
  • During the fourth quarter, Plymouth delivered a fully leased industrial building in Jacksonville totaling 39,750 square feet.
  • During the fourth quarter, Plymouth also signed a seven-year, 108,000-square-foot lease at its 180,000-square-foot industrial building in Atlanta, bringing the new development to 100% occupancy.

Whitestone REIT Acquires Garden Oaks Shopping Center

Retrieved on: 
Wednesday, February 21, 2024

HOUSTON, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) (“Whitestone” or the “Company”) today announced the acquisition of the grocery-anchored Garden Oaks Shopping Center in Houston.

Key Points: 
  • HOUSTON, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) (“Whitestone” or the “Company”) today announced the acquisition of the grocery-anchored Garden Oaks Shopping Center in Houston.
  • “Garden Oaks property values are up nearly 50% since 2019, and the area is poised to continue with very strong growth as young professionals settle beyond the Heights area and take advantage of the larger plots and tree-lined streets in Garden Oaks,” said Whitestone REIT COO, Christine Mastandrea.
  • Since the third quarter of 2022, Whitestone has acquired four high quality shopping centers, including Lake Woodlands Crossing , Dana Park Pad and Arcadia Towne Center .
  • “We are very pleased to add the Garden Oaks Shopping Center, which serves young, family-oriented professionals that live in the surrounding Garden Oaks Neighborhoods, to our portfolio.

Sienna Senior Living Inc. Reports Strong Fourth Quarter 2023 Financial Results and Delivers 16.5% Increase in Same Property Net Operating Income

Retrieved on: 
Tuesday, February 20, 2024

Sienna's strong fourth quarter and annual results reflect the return to a stable operating environment, the Company's successful cost management strategy, and sustained reductions in temporary agency staffing costs.

Key Points: 
  • Sienna's strong fourth quarter and annual results reflect the return to a stable operating environment, the Company's successful cost management strategy, and sustained reductions in temporary agency staffing costs.
  • Q4 2023 marks the fourth consecutive quarter of significant year over year same property net operating income (“NOI”) growth in the Company’s long-term care and retirement segments.
  • “Sienna’s consistently strong financial performance in 2023 indicates that we are on the right track.”
    Same-property NOI increased by 16.5% to $37.7 million in Q4 2023, compared to Q4 2022, including
    a 11.8% increase in the retirement segment.
  • The increase was primarily related to the increase in OFFO, offset by higher maintenance capital expenditures, and a decrease in construction funding income.

Armada Hoffler Announces 5% Increase in Quarterly Cash Dividend on Common Shares

Retrieved on: 
Tuesday, February 20, 2024

VIRGINIA BEACH, Va., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE: AHH) announced that its Board of Directors declared the cash dividend of $0.205 per common share, representing a 5% increase over the prior quarter’s dividend.

Key Points: 
  • VIRGINIA BEACH, Va., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE: AHH) announced that its Board of Directors declared the cash dividend of $0.205 per common share, representing a 5% increase over the prior quarter’s dividend.
  • The first quarter dividend will be paid in cash on April 4, 2024, to stockholders of record on March 27, 2024.
  • The board has decided to boost our dividend to $0.205,” said Louis Haddad, CEO of Armada Hoffler.
  • “This represents the fifth consecutive year that the dividend has been raised since the depths of the pandemic.