Affo

BRT Apartments Corp. Reports First Quarter Results for 2021

Retrieved on: 
Thursday, May 6, 2021
Affo, Mergers and acquisitions, Government procurement in the United States, Articles

Our confidence continues to grow about the year ahead as there is strong demand in many of our markets.

Key Points: 
  • Our confidence continues to grow about the year ahead as there is strong demand in many of our markets.
  • BRT also considers FFO and AFFO to be useful in evaluating potential property acquisitions.
  • As of April 31, 2021, BRT owns or has interests in 30 multi-family properties with 8,954 units, located across 11 states.
  • For additional information on BRT\xe2\x80\x99s operations, activities and properties, please visit its website at www.brtapartments.com .\n'

VICI Properties Inc. Announces First Quarter 2021 Results

Retrieved on: 
Thursday, April 29, 2021
Banking, Commercial Building & Real Estate, Construction & Property, Professional services, Financial economics, Finance, Stock market, Corporate finance, Dividend, Shareholders, Money, Affo, Stock

b"On March 11, 2021, the Company declared a regular quarterly cash dividend of $0.33 per share.

Key Points: 
  • b"On March 11, 2021, the Company declared a regular quarterly cash dividend of $0.33 per share.
  • The Q1 2021 dividend was paid on April 8, 2021 to stockholders of record as of the close of business on March 25, 2021 and it totaled in aggregate approximately $177.1 million.\nThe Company is reaffirming AFFO guidance for the full year 2021.
  • The Company estimates AFFO for the year ending December 31, 2021 will be between $1,010.0 million and $1,035.0 million, or between $1.82 and $1.87 per diluted share.
  • This additional information is being provided as a supplement to the information in this release and our other filings with the SEC.

StorageVault Reports Fiscal 2020 Annual Results; Highlighting Significant Growth in NOI and FFO; $232.7 Million in Acquisitions; Provides 2021 Outlook; Increases Dividend

Retrieved on: 
Thursday, February 25, 2021
Affo, FFO

StorageVault achieved significant growth in 2020 with $232.7 million in acquisitions; $118.1 million of mature stores, $111.3 million of new build and lease-up stores and $3.3 million of adjacent raw land for expansion.

Key Points: 
  • StorageVault achieved significant growth in 2020 with $232.7 million in acquisitions; $118.1 million of mature stores, $111.3 million of new build and lease-up stores and $3.3 million of adjacent raw land for expansion.
  • Revenue increased to $155.5 million in 2020 from $135.0 million in 2019 and net operating income (NOI), a non-IFRS measure, grew to $104.2 million in 2020 from $90.1 million in 2019.
  • Both the FFO and AFFO are muted for the $114.6 million in new build, lease-up and raw land acquisitions made in fiscal 2020.
  • Annualizing results from our 2020 acquisitions would have resulted in revenue of $165.6 million, NOI of $110.0 million, FFO of $37.8 million and AFFO of $45.2 million.

Sun Residential REIT Releases Solid Results and Announces Investor Conference Call on February 11

Retrieved on: 
Wednesday, February 10, 2021
Affo, Zoom

Operations commenced January 28, 2020 when Sun acquired its first property, so the results for the prior year are not comparable.

Key Points: 
  • Operations commenced January 28, 2020 when Sun acquired its first property, so the results for the prior year are not comparable.
  • Cash flow, FFO and AFFO continue to be positive in Q4 2020, as they were in the previous two quarters.
  • Interested parties are invited to participate in a Zoom call with management on Thursday, February 11, at 4:00 p.m. Eastern Time to discuss the results.
  • The business of Sun is to acquire multi-family residential properties in the Sunbelt region of the United States.

Essential Properties Realty Trust, Inc. Provides January Rent Collection Update, Introduces 2021 AFFO Guidance and Schedules Fourth Quarter 2020 Earnings and Conference Call

Retrieved on: 
Monday, January 25, 2021
Residential Building & Real Estate, Construction & Property, REIT, Articles, FFO, Forward-looking statement, National Association of Real Estate Investment Trusts, Real estate investment trust, Prediction, Affo, Funds from operations

AFFO is a non-GAAP financial measure that is based on Core FFO, which, in turn is based on Funds From Operation (FFO).

Key Points: 
  • AFFO is a non-GAAP financial measure that is based on Core FFO, which, in turn is based on Funds From Operation (FFO).
  • The Company computes FFO in accordance with the definition adopted by the Board of Governors of the National Association of Real Estate Investment Trusts ("NAREIT").
  • Forward-looking statements involve numerous risks and uncertainties and you should not rely on them as predictions of future events.
  • Actual operating results may differ materially from what is expressed or forecast in this press release.

Allied Announces December 2020 Distribution and Distribution Increase for 2021

Retrieved on: 
Wednesday, December 2, 2020
Real estate investment trust, Forward-looking statement, Affo

TORONTO, Dec. 02, 2020 (GLOBE NEWSWIRE) -- Allied Properties REIT (TSX:AP.UN) announced today that its Trustees have (i) declared a distribution of $0.1375 per unit for the month of December, 2020, payable on January 15, 2021, to unitholders of record on December 31, 2020, and (ii) approved an increase in monthly cash distributions for 2021 to $0.1417 per unit ($1.70 per unit annualized).

Key Points: 
  • TORONTO, Dec. 02, 2020 (GLOBE NEWSWIRE) -- Allied Properties REIT (TSX:AP.UN) announced today that its Trustees have (i) declared a distribution of $0.1375 per unit for the month of December, 2020, payable on January 15, 2021, to unitholders of record on December 31, 2020, and (ii) approved an increase in monthly cash distributions for 2021 to $0.1417 per unit ($1.70 per unit annualized).
  • Were confident of our ability to reduce our FFO and AFFO pay-out ratios in 2021 despite this distribution increase.
  • This press release may contain forward-looking statements with respect to Allied, its operations, strategy, financial performance and condition.
  • The cautionary statements qualify all forward-looking statements attributable to Allied and persons acting on its behalf.

StorageVault Reports 2020 First Quarter Results and Increases Dividend

Retrieved on: 
Friday, May 15, 2020
Dividend, Shareholders, International Financial Reporting Standards, Affo, Economy

TORONTO, May 15, 2020 (GLOBE NEWSWIRE) -- STORAGEVAULT CANADA INC. (StorageVault or the Corporation) (SVI-TSX-V) reported the Corporations 2020 first quarter results and increases its dividend.

Key Points: 
  • TORONTO, May 15, 2020 (GLOBE NEWSWIRE) -- STORAGEVAULT CANADA INC. (StorageVault or the Corporation) (SVI-TSX-V) reported the Corporations 2020 first quarter results and increases its dividend.
  • Adjusted funds from operations (AFFO), a non IFRS measure, were $8.8 million for Q1 2020 compared to $7.3 million in Q1 2019, a 20.7% increase.
  • StorageVault is increasing its quarterly dividend by 0.5% beginning Q2 2020 to $0.002680 per common share.
  • This forward-looking information reflects StorageVaults current beliefs and is based on information currently available to StorageVault and on assumptions StorageVault believes are reasonable.

Innovative Industrial Properties Reports First Quarter 2020 Results

Retrieved on: 
Wednesday, May 6, 2020
Agriculture, Construction & Property, Natural Resources, Alternative medicine, Health, Tobacco, REIT, Retail, Affo, International Intellectual Property Society

The portfolio consists of two retail properties, with one property closing on February 19, 2020 and one property closing on February 21, 2020.

Key Points: 
  • The portfolio consists of two retail properties, with one property closing on February 19, 2020 and one property closing on February 21, 2020.
  • First quarter 2020 AFFO and AFFO per diluted share for the quarter increased by 236% and 107% from the prior year period, respectively.
  • Innovative Industrial Properties, Inc. will conduct a conference call and webcast at 10:00 a.m. Pacific Time (1:00 p.m. Eastern Time) on Thursday, May 7, 2020 to discuss IIPs financial results and operations for the first quarter ended March 31, 2020.
  • Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities.

BRT Apartments Corp. Provides Update

Retrieved on: 
Tuesday, April 21, 2020
Transport, Corporate finance, Bus rapid transit, Bus transport, Sustainable transport, Sustainable urban planning, Transportation planning, Real estate investment trust, Income, Equity, FFO, Affo

This is a presentation issue that will not reduce net income, FFO, AFFO and BRT Apartments Corp. total stockholders equity for prior periods.

Key Points: 
  • This is a presentation issue that will not reduce net income, FFO, AFFO and BRT Apartments Corp. total stockholders equity for prior periods.
  • Such restatement, if any, will not result in any reduction in previously reported net income, FFO, AFFO and BRT Apartments Corp. total stockholders equity.
  • BRT is a real estate investment trust that either directly, or through joint ventures, owns, operates and develops multi-family properties.
  • Additional financial and descriptive information on BRT, its operations and its portfolio, is available at BRTs website at: http://BRTapartments.com.

Granite Announces Fourth Quarter and Year End Results For 2019

Retrieved on: 
Thursday, March 5, 2020
Commercial Building & Real Estate, Construction & Property, REIT, Financial ratios, Affo, Dividend payout ratio, Financial risk

AFFO payout ratio may exclude revenue or expenses incurred during a period that can be a source of variance between periods.

Key Points: 
  • AFFO payout ratio may exclude revenue or expenses incurred during a period that can be a source of variance between periods.
  • AFFO payout ratio for the year ended December 31, 2019 exclude the lease termination and close-out fees of $0.9 million.
  • Granite believes that same property NOI cash basis is a useful supplementary measure in understanding period-over-period organic changes in NOI cash basis from the same stock of properties owned.
  • The Risk Factors section also contains information about the material factors or assumptions underlying such forward-looking statements and forward-looking information.