Normalization

CareTrust REIT Announces Third Quarter 2023 Operating Results

Retrieved on: 
Thursday, November 9, 2023
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CareTrust REIT, Inc. (NYSE:CTRE) today reported operating results for the quarter ended September 30, 2023, as well as other recent events.

Key Points: 
  • CareTrust REIT, Inc. (NYSE:CTRE) today reported operating results for the quarter ended September 30, 2023, as well as other recent events.
  • During the quarter, CareTrust declared a quarterly dividend of $0.28 per common share.
  • On an annualized basis, the payout ratio was approximately 80% based on third quarter 2023 normalized FFO, and 76% based on normalized FAD.
  • A conference call will be held on Friday, November 10, 2023, at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time), during which CareTrust’s management will discuss third quarter results, recent developments and other matters.

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

Retrieved on: 
Wednesday, November 8, 2023
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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.

CoreCivic Reports Third Quarter 2023 Financial Results

Retrieved on: 
Monday, November 6, 2023
McRae, CoreCivic, Federal Bureau of Prisons, Male, EPS, COVID-19, ICE, Bloomberg, Share repurchase, Debt-to-GDP ratio, Tallahatchie, Sale, Asset-backed security, Supplement, Tax, GAAP, Damon T. Hininger, Oklahoma Department of Corrections, Credit, National Debt Repayment Movement, CXW, Investment, Funds from operations, Crossroads Correctional Center, Note, Bank statement, Tallahatchie County Correctional Facility, Depreciation, Title 42 of the United States Code, Documentation, Fourth Amendment Protection Act, NYSE, Government, EBITDA, North Fork Correctional Facility, State, FFO, Environment, BOP, ODC, Bank, Video game, Car rental, Property management, Normalization

BRENTWOOD, Tenn., Nov. 06, 2023 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today its financial results for the third quarter of 2023.

Key Points: 
  • BRENTWOOD, Tenn., Nov. 06, 2023 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today its financial results for the third quarter of 2023.
  • Net income in the third quarter of 2023 totaled $13.9 million, or $0.12 per diluted share, compared with net income in the third quarter of 2022 of $68.3 million, or $0.58 per diluted share.
  • Earnings before interest, taxes, depreciation and amortization (EBITDA) was $72.8 million in the third quarter of 2023, compared with $147.9 million in the third quarter of 2022.
  • Based on current business conditions, we are providing the following update to our financial guidance for the full year 2023:

Armada Hoffler Reports Third Quarter 2023 Results

Retrieved on: 
Thursday, November 2, 2023
Ratio, NYSE, GAAP, FFO, Holocene, Growth, OP, NOI, Investment, Armada Hoffler Tower, Rare-earth element, Security (finance), Video game, Bank, Commercial property, Normalization

VIRGINIA BEACH, Va., Nov. 02, 2023 (GLOBE NEWSWIRE) -- Armada Hoffler Properties, Inc. (NYSE: AHH) today announced its results for the quarter ended September 30, 2023 and provided an update on current events.

Key Points: 
  • VIRGINIA BEACH, Va., Nov. 02, 2023 (GLOBE NEWSWIRE) -- Armada Hoffler Properties, Inc. (NYSE: AHH) today announced its results for the quarter ended September 30, 2023 and provided an update on current events.
  • Maintained the Company's previous guidance range for 2023 full-year Normalized FFO of $1.23 to $1.27 per diluted share.
  • Third-party construction backlog as of September 30, 2023 was $513.6 million and construction gross profit for the third quarter was $3.3 million.
  • “Our vertically integrated business model continues to prove advantageous in most any economic climate and our best-in-market properties yielded impressive results for yet another quarter,” said Louis Haddad, President & CEO of Armada Hoffler.

Innovative Industrial Properties Reports Third Quarter 2023 Results

Retrieved on: 
Wednesday, November 1, 2023
REIT, Cannabis, Natural Resources, Commercial Building & Real Estate, Construction & Property, Line of credit, LP, Tsuen King Garden, IIP, Tax, Loan agreement, Holism, Sustainability reporting, GAAP, Acquisition, FFO, Tenant, JS Tsushima (MSO-302), Parallel, Partnership, Webcast, Credit Accumulation and Transfer Scheme, Loan, Girls Venture Corps Air Cadets, Normalization, SH, Credit, Total, Collection, Debt-to-GDP ratio, Renting, Security (finance), Self storage, Lease, Property management, Reinsurance, Cathedral city

Rent not collected for the quarter totaled approximately $2.2 million, primarily relating to a previously disclosed, defaulted tenant SH Parent, Inc. (Parallel) at one of IIP’s properties in Pennsylvania.

Key Points: 
  • Rent not collected for the quarter totaled approximately $2.2 million, primarily relating to a previously disclosed, defaulted tenant SH Parent, Inc. (Parallel) at one of IIP’s properties in Pennsylvania.
  • Balance Sheet Highlights (at September 30, 2023)
    12% debt to total gross assets, with approximately $2.6 billion in total gross assets.
  • IIP paid a quarterly dividend of $1.80 per common share on October 13, 2023 to stockholders of record as of September 29, 2023.
  • 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, November 2, 2023 to discuss IIP’s financial results and operations for the third quarter ended September 30, 2023.

Equity Residential Reports Third Quarter 2023 Results

Retrieved on: 
Tuesday, October 31, 2023
Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, REIT, ESG, Equity, Absorption, Acquisition, Biophysical environment, FFO, Social, COVID, EPS, Equity Residential, Rite Aid, Normalization, Bankruptcy, Management, Video game

The Company revised its 2023 annual same store revenue growth guidance to 5.5% as further described in this release and in the Management Presentation referenced below.

Key Points: 
  • The Company revised its 2023 annual same store revenue growth guidance to 5.5% as further described in this release and in the Management Presentation referenced below.
  • Subsequent to the end of the quarter, the Company sold three operating properties for a total of approximately $184.6 million.
  • The Company recently published its tenth annual Environmental, Social and Governance (ESG) report highlighting Equity Residential's goals and accomplishments.
  • “Our East Coast portfolio performed very well in the quarter.

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.

Physicians Realty Trust Reports Third Quarter 2023 Financial Results

Retrieved on: 
Monday, October 30, 2023
REIT, General Health, Hospitals, Health, Construction & Property, Sale, NYSE, Funds from operations, Public expenditure, SOFR, FFO, Growth, Trustee, OP, Partnership, Normalization, Depreciation, Investment, Video game, Security (finance), Real estate

Physicians Realty Trust (NYSE: DOC) (the “Company,” the “Trust,” “we,” “our” and “us”), a self-managed health care real estate investment trust, today announced results for the third quarter ended September 30, 2023.

Key Points: 
  • Physicians Realty Trust (NYSE: DOC) (the “Company,” the “Trust,” “we,” “our” and “us”), a self-managed health care real estate investment trust, today announced results for the third quarter ended September 30, 2023.
  • Total expenses for the third quarter 2023 were $125.4 million, compared to total expenses of $119.1 million for the third quarter 2022.
  • Net income for the third quarter 2023 was $12.9 million, compared to net income of $66.3 million for the third quarter 2022.
  • The Company has decided to cancel its conference call to discuss its financial performance and operating results for the third quarter ended September 30, 2023, previously scheduled for Friday, November 3, 2023 at 10:00 a.m.

BMO Marks World Mental Health Day with $5 Million to CAMH to Drive Innovation in Research for Mental Health

Retrieved on: 
Wednesday, October 11, 2023
Addiction, COVID-19, Inclusion, World Mental Health Day, Royal Ottawa Mental Health Centre, DSM-IV codes, National Helping Families in Mental Health Crisis Day, Machine learning, Real, General counsel, Mental Health Foundation, BMO, Organization, Equity, Social stigma, Statistics, Heart, Business Leaders for Michigan, Mental health, Education, Good, Mathematics, Royal Columbian Hospital, KCNI, Centre for Addiction and Mental Health, Neuroinformatics, Mental disorder, Normalization, Disability, New Normal, Life, Organic, Research, Pharmaceutical industry, Nursing, CAMH

TORONTO, Oct. 11, 2023 /CNW/ - BMO marked World Mental Health Day this year with a $5 million donation to the Centre for Addiction and Mental Health (CAMH) in Toronto.

Key Points: 
  • TORONTO, Oct. 11, 2023 /CNW/ - BMO marked World Mental Health Day this year with a $5 million donation to the Centre for Addiction and Mental Health (CAMH) in Toronto.
  • Together with CAMH, BMO's donation will help people living with mental illness by accelerating research and access to world-class mental health care through four strategic priorities: neuroinformatics, digital health innovation, education, and research.
  • "We are grateful to BMO for their continued support of CAMH and life-saving mental health research," said Deborah Gillis, President & CEO, CAMH Foundation.
  • October 10 is World Mental Health Day, an international day for global mental health education, awareness and advocacy against social stigma.

BenevolentAI: Interim Results for the Six Months Ended 30 June 2023

Retrieved on: 
Thursday, September 21, 2023
Technology, Research, Clinical Trials, Health Technology, Biotechnology, Health, Pharmaceutical, Science, Artificial Intelligence, Knowledge, Acceleration, Serum response factor, Katherine, Interim, Chronic kidney disease, Normalization, ALS, GBM, Retinoic acid receptor alpha, Sustainability Accounting Standards Board, PDE10, Sutro Biopharma, Dragon (magazine), Glioblastoma, Benevolence, AstraZeneca, Ulcerative colitis, BAI, Nouvelle AI, Euronext, UC, SLS, Euronext Amsterdam, Drug discovery, Heart failure, Merck, AI, IPF, CKD, Neurology, Idiopathic pulmonary fibrosis, Success, Conference, Pharmaceutical industry, Management, Sales, Medical device, Cryptocurrency, IND

BenevolentAI (Euronext Amsterdam: BAI) (“BenevolentAI” or the “Company” or the “Group”), a leader in applying advanced AI to accelerate biopharma drug discovery, announces its unaudited interim results for the six months ended 30 June 2023.

Key Points: 
  • BenevolentAI (Euronext Amsterdam: BAI) (“BenevolentAI” or the “Company” or the “Group”), a leader in applying advanced AI to accelerate biopharma drug discovery, announces its unaudited interim results for the six months ended 30 June 2023.
  • We committed in May to right-sizing the business which has resulted in an extension of our cash runway to at least mid-2025.
  • In particular, I want to thank Joanna for her commitment over the last five years to build the business into what it is today.
  • Operating cash flow before changes in working capital reduced by 22% from £48.4 million (H1 2022) to £37.9 million.