National Association of Real Estate Investment Trusts

UMH PROPERTIES, INC. REPORTS RESULTS FOR THE THIRD QUARTER ENDED SEPTEMBER 30, 2023

Retrieved on: 
Wednesday, November 8, 2023
White paper, Sale, UMH, Longest increasing subsequence, Conference, GAAP, REIT, FFO, Senior, Real estate investment trust, Common stock, Growth, Interest, Common, Annual report, NOI, National Association of Real Estate Investment Trusts, Form 10-K, Normalization, Conference call, UMH Properties, NAREIT, Investment, Video game, Renting, Life insurance, Cryptocurrency, Operation

Samuel A. Landy, President and CEO, commented on the results of the third quarter of 2023.

Key Points: 
  • Samuel A. Landy, President and CEO, commented on the results of the third quarter of 2023.
  • Our inventory levels have returned to normal levels, approximately 400 units, and our floorplan lines have largely been paid off.
  • Senior management will discuss the results, current market conditions and future outlook on Thursday, November 9, 2023, at 10:00 a.m. Eastern Time.
  • The Company’s 2023 third quarter financial results being released herein will be available on the Company’s website at www.umh.reit in the “Financials” section.

One Liberty Properties Reports Third Quarter 2023 Results

Retrieved on: 
Monday, November 6, 2023
OLP, White paper, Renting, Insurance, Sale, Security (finance), Result, National Association of Real Estate Investment Trusts, NYSE, Securities and Exchange Commission of Pakistan, One Liberty Plaza, GAAP, Acquisition, Disability-adjusted life year, Maintenance, Liberty, REIT, FFO, Financial condition report, Real estate investment trust, Liberty Property Trust, Growth, Analysis, GREAT, Depreciation, Annual report, An Act to exempt a particular class of securities from the Securities and Exchange Act, Investment, NAREIT, Employee Retirement Income Security Act of 1974, National Association, Life insurance, Video game, Cryptocurrency, Bank, Commercial property, Real estate, Operation

GREAT NECK, N.Y., Nov. 06, 2023 (GLOBE NEWSWIRE) -- One Liberty Properties, Inc. (NYSE: OLP), a real estate investment trust focused on net leased properties, today announced operating results for the quarter ended September 30, 2023.

Key Points: 
  • GREAT NECK, N.Y., Nov. 06, 2023 (GLOBE NEWSWIRE) -- One Liberty Properties, Inc. (NYSE: OLP), a real estate investment trust focused on net leased properties, today announced operating results for the quarter ended September 30, 2023.
  • Total operating expenses in the third quarter of 2023 were $14.3 million compared to $13.8 million for the third quarter of 2022.
  • Contributing to the change was a $340,000 increase in depreciation and amortization expense primarily related to properties acquired in 2022 and 2023.
  • Net income attributable to One Liberty in the third quarter of 2023 was $2.7 million, or $0.12 per diluted share, compared to $7.2 million, or $0.34 per diluted share, in the third quarter of 2022.

Postal Realty Trust, Inc. Reports Third Quarter 2023 Results

Retrieved on: 
Monday, October 30, 2023
National Association, Insurance, USPS, Sale, Security (finance), NYSE, National Association of Real Estate Investment Trusts, Public expenditure, SOFR, Securities and Exchange Commission of Pakistan, GAAP, Acquisition, Exercise, FFO, Real estate investment trust, Nature, Environment, Growth, COVID-19, Partnership, Webcast, Depreciation, NAREIT, Investment, United States Postal Service, Mail, Holding company, Self storage, Bank, Real estate

CEDARHURST, N.Y., Oct. 30, 2023 (GLOBE NEWSWIRE) -- Postal Realty Trust, Inc. (NYSE: PSTL) (the “Company”), an internally managed real estate investment trust that owns and manages over 1,800 properties leased primarily to the United States Postal Service (the “USPS”), ranging from last-mile post offices to industrial facilities, today announced results for the quarter ended September 30, 2023.

Key Points: 
  • CEDARHURST, N.Y., Oct. 30, 2023 (GLOBE NEWSWIRE) -- Postal Realty Trust, Inc. (NYSE: PSTL) (the “Company”), an internally managed real estate investment trust that owns and manages over 1,800 properties leased primarily to the United States Postal Service (the “USPS”), ranging from last-mile post offices to industrial facilities, today announced results for the quarter ended September 30, 2023.
  • On September 27, 2023, the Company fixed the interest rate on the $10.0 million of term loan through February 2028 at 6.049%.
  • The dividend will be paid on November 30, 2023 to stockholders of record as of the close of business on November 1, 2023.
  • The Company will host a webcast and conference call to discuss the third quarter 2023 financial results on Tuesday, October 31, 2023, at 9:00 A.M. Eastern Time.

Urban Edge Properties Reports Third Quarter 2023 Results

Retrieved on: 
Tuesday, October 31, 2023
Commercial Building & Real Estate, Construction & Property, Other Retail, Finance, Professional Services, REIT, Retail, Department Stores, White paper, National Association, Security (finance), National Association of Real Estate Investment Trusts, Regulation, EBITDA, Disclosure, GAAP, Projection, Acquisition, Net income, FFO, Foot, Judgement, Tenant, Real estate investment trust, Growth, Income tax, NOI, Regulation Fair Disclosure, Depreciation, Annual report, Table, Collection, Investment, Sumathi Best Television Current Reporting Award, Bank, Real estate, Renting, Commercial property, Adjustment

There can be no assurance that our actual results will not differ from the guidance set forth above.

Key Points: 
  • 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.
  • NOI: The Company uses NOI internally to make investment and capital allocation decisions and to compare the unlevered performance of our properties to our peers.
  • 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 any amendments to those reports.

Equity Commonwealth Reports Third Quarter 2023 Results

Retrieved on: 
Monday, October 30, 2023
REIT, Finance, Professional Services, Commercial Building & Real Estate, Construction & Property, Nature, Financial result, Real estate investing, Share repurchase, GAAP, National Association of Real Estate Investment Trusts, NYSE, NOI, Commonwealth, FFO, National Association, Security (finance), Cryptocurrency, Soda–lime glass, Rare-earth element, Commercial property, Normalization

Equity Commonwealth (NYSE: EQC) today reported financial results for the quarter ended September 30, 2023.

Key Points: 
  • Equity Commonwealth (NYSE: EQC) today reported financial results for the quarter ended September 30, 2023.
  • Financial results for the quarter ended September 30, 2023
    Net income attributable to common shareholders was $24.1 million, or $0.22 per diluted share, for the quarter ended September 30, 2023.
  • Normalized FFO was $28.6 million, or $0.26 per diluted share, for the quarter ended September 30, 2023.
  • Equity Commonwealth will host a conference call to discuss third quarter results on Tuesday, October 31, 2023, at 9:00 A.M. CT.

Retail Opportunity Investments Corp. Reports 2023 Third Quarter Results

Retrieved on: 
Tuesday, October 24, 2023
Sale, National Association of Real Estate Investment Trusts, EBITDA, GAAP, Investment, FFO, Real estate investment trust, Growth, Partnership, NOI, Borrowing base, Depreciation, Tanz, SAN, National Association, Security (finance)

SAN DIEGO, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Retail Opportunity Investments Corp. (NASDAQ:ROIC) announced today financial and operating results for the three and nine months ended September 30, 2023.

Key Points: 
  • SAN DIEGO, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Retail Opportunity Investments Corp. (NASDAQ:ROIC) announced today financial and operating results for the three and nine months ended September 30, 2023.
  • Stuart A. Tanz, President and Chief Executive Officer of Retail Opportunity Investments Corp. stated, “During the third quarter, we continued to build on the leasing momentum that we established in the first of half of 2023.
  • FFO for the third quarter of 2023 was $36.0 million, or $0.27 per diluted share, as compared to $36.5 million in FFO, or $0.27 per diluted share for the third quarter of 2022.
  • On October 24, 2023, the Board declared a cash dividend of $0.15 per share, payable on January 5, 2024 to stockholders of record on December 15, 2023.

Tom Bartlett and Jill Brannon Appointed to Otis Worldwide Corporation Board of Directors

Retrieved on: 
Tuesday, October 24, 2023
National Association, Business, McGraw, NYSE, Strategic planning, Otis, Communication, Otis Worldwide, Real estate investing, Brannon, FedEx, American Tower, Marketing, Compensation, Retirement, US-ASEAN Business Council, The Business Council, Professional Football Compensation Committee, Business Roundtable, Verizon Communications, ICT, Equinix, NAREIT, Joint Council on International Children's Services, Audit, National Association of Real Estate Investment Trusts, OTIS, Management

FARMINGTON, Conn., Oct. 24, 2023 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS), the world's leading company for elevator and escalator manufacturing, installation and service, announced today that Tom Bartlett and Jill Brannon have been appointed to its Board of Directors, effective October 27, 2023.

Key Points: 
  • FARMINGTON, Conn., Oct. 24, 2023 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS), the world's leading company for elevator and escalator manufacturing, installation and service, announced today that Tom Bartlett and Jill Brannon have been appointed to its Board of Directors, effective October 27, 2023.
  • Brannon is Executive Vice President and Chief Sales Officer at FedEx Corp.
    "We are pleased to welcome Tom and Jill to the Otis Worldwide Corporation Board of Directors," said Judy Marks, Otis Chair, CEO & President.
  • I look forward to working with Tom and Jill as together we help Otis build a taller, faster, smarter world."
  • Harold (Terry) W. McGraw III has announced he will retire from the Otis Worldwide Corporation Board of Directors, effective December 7, 2023.

UDR, Inc. Publishes Fifth Annual Environmental, Social, and Governance (“ESG”) Report; Named 2023 Regional Sector Leader by GRESB

Retrieved on: 
Tuesday, October 17, 2023
Professional Services, Environmental, Social and Governance (ESG), Environment, Residential Building & Real Estate, Sustainability, Construction & Property, REIT, Multimedia, Recycling, NYSE, Acquisition, CEL, UDR, Inc., National Association of Real Estate Investment Trusts, ESG, Sector, Real estate investment trust, Communication, Social responsibility, Greenhouse gas, National Association, Trust, Carbon accounting, Region, Benchmarking, Organization development, Certification, Multifamily residential, Renewable energy, Food industry, Life insurance, Management, UDR

The report summarizes the Company’s ESG achievements in calendar year 2022 and exhibits the Company’s progress towards its enhanced ESG goals.

Key Points: 
  • The report summarizes the Company’s ESG achievements in calendar year 2022 and exhibits the Company’s progress towards its enhanced ESG goals.
  • View the full release here: https://www.businesswire.com/news/home/20231017173245/en/
    Concurrently, the Company announced that it scored an 87 on the 2023 GRESB survey and earned the Regional Sector Leader designation from GRESB as the top performing ESG company among its listed Multifamily Residential peers in the Americas.
  • In addition, the Company achieved GRESB’s Public Disclosure rating of “A” for the fifth consecutive year.
  • GRESB evaluates real estate companies in areas such as management, governance, sustainability, environmental and social programs and policies.

FREIT Announces Third Quarter Fiscal 2023 Results

Retrieved on: 
Thursday, September 14, 2023
Insurance, National Association of Real Estate Investment Trusts, REIT, GAAP, Tenant, Sale, Federal Real Estate Board, FFO, Funds from operations, Real estate investment trust, NAREIT, NOI, National Association, Real estate, Kmart

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 $2,843,000 and $8,138,000 for the fiscal quarter and nine months ended July 31, 2023, respectively, from approximately $2,643,000 and $7,921,000 for the prior year's comparable periods, respectively.
  • Accordingly, on July 24, 2023, FREIT denied Kmart's request and elected pursuant to the lease to terminate the Kmart lease effective October 23, 2023.
  • FREIT computes FFO and AFFO as follows:
    For the Fiscal Quarter Ended July 31,
    For the Nine Months Ended July 31,

Postal Realty Trust, Inc. Reports Second Quarter 2023 Results

Retrieved on: 
Tuesday, August 8, 2023
Exercise, Insurance, COVID-19, SOFR, GAAP, National Association of Real Estate Investment Trusts, Securities and Exchange Commission of Pakistan, Sale, Public expenditure, FFO, USPS, Acquisition, Investment, Nature, Real estate investment trust, NAREIT, Webcast, Depreciation, Growth, United States Postal Service, Security (finance), National Association, Mail, Environment, NYSE, Bank, Self storage, Real estate

CEDARHURST, N.Y., Aug. 08, 2023 (GLOBE NEWSWIRE) -- Postal Realty Trust, Inc. (NYSE: PSTL) (the “Company”), an internally managed real estate investment trust that owns and manages over 1,750 properties leased primarily to the United States Postal Service (the “USPS”), ranging from last-mile post offices to larger industrial facilities, today announced results for the quarter ended June 30, 2023.

Key Points: 
  • CEDARHURST, N.Y., Aug. 08, 2023 (GLOBE NEWSWIRE) -- Postal Realty Trust, Inc. (NYSE: PSTL) (the “Company”), an internally managed real estate investment trust that owns and manages over 1,750 properties leased primarily to the United States Postal Service (the “USPS”), ranging from last-mile post offices to larger industrial facilities, today announced results for the quarter ended June 30, 2023.
  • As of August 2, 2023, the $10.0 million delayed-draw portion of the term loan was not drawn by the Company.
  • The dividend will be paid on August 31, 2023 to stockholders of record as of the close of business on August 7, 2023.
  • The Company will host a webcast and conference call to discuss the second quarter 2023 financial results on Wednesday, August 9, 2023, at 9:00 A.M. Eastern Time.