REIT

Service Properties Trust First Quarter 2024 Conference Call Scheduled for Wednesday, May 8th

Retrieved on: 
Tuesday, April 9, 2024
Professional Services, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Banking, SVC, Webcast

Service Properties Trust (Nasdaq: SVC) today announced that it will issue a press release containing its first quarter 2024 results after the Nasdaq closes on Tuesday, May 7, 2024.

Key Points: 
  • Service Properties Trust (Nasdaq: SVC) today announced that it will issue a press release containing its first quarter 2024 results after the Nasdaq closes on Tuesday, May 7, 2024.
  • On Wednesday, May 8, 2024 at 10:00 a.m. Eastern Time, President and Chief Investment Officer Todd Hargreaves and Chief Financial Officer Brian Donley will host a conference call to discuss these results.
  • A replay of the conference call will be available through Wednesday, May 15, 2024.
  • The archived webcast will be available for replay on the company’s website after the call.

Terreno Realty Corporation Announces Quarterly Operating, Investment and Capital Markets Activity

Retrieved on: 
Tuesday, April 9, 2024
Other Construction & Property, Commercial Building & Real Estate, Construction & Property, REIT, Certification, Tenant, Sale, I-405, LEED, Share repurchase, Self storage

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today its operating, investment and capital markets activity for the first quarter of 2024.

Key Points: 
  • Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today its operating, investment and capital markets activity for the first quarter of 2024.
  • During the first quarter of 2024, Terreno Realty Corporation acquired two properties consisting of two buildings aggregating approximately 40,000 square feet for an aggregate purchase price of approximately $18.5 million.
  • Terreno Realty Corporation has one $100 million senior unsecured note maturing in 2024 and no debt maturing in 2025.
  • Terreno Realty Corporation expects to file its quarterly report on Form 10-Q for the quarter ended March 31, 2024 on or about May 8, 2024.

Diversified Healthcare Trust First Quarter 2024 Conference Call Scheduled for Tuesday, May 7th

Retrieved on: 
Monday, April 8, 2024
Professional Services, Health, Finance, Construction & Property, General Health, REIT, DHC, Webcast

Diversified Healthcare Trust (Nasdaq: DHC) today announced that it will issue a press release containing its first quarter 2024 financial results after the Nasdaq closes on Monday, May 6, 2024.

Key Points: 
  • Diversified Healthcare Trust (Nasdaq: DHC) today announced that it will issue a press release containing its first quarter 2024 financial results after the Nasdaq closes on Monday, May 6, 2024.
  • On Tuesday, May 7, 2024 at 10:00 a.m. Eastern Time, President and Chief Executive Officer Christopher Bilotto and Chief Financial Officer Matt Brown will host a conference call to discuss these results.
  • A replay of the conference call will be available through 11:59 p.m. Eastern Time on Tuesday, May 14, 2024.
  • The archived webcast will be available for replay on the company’s website after the call.

Ascendant Capital Partners and Culver Investment Partners Acquire Portfolio of Multifamily Properties in Houston’s Fast Growing Texas Medical Center Neighborhood

Retrieved on: 
Monday, April 8, 2024
Professional Services, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Sun Belt, Ascendant, Partnership, CIP, Acquisition, Medical Center, Texas Medical Center, Student, Collection, Housing, Elle, Commercial property

Ascendant Capital Partners ("Ascendant"), a vertically integrated real estate investment and operating platform, and Culver Investment Partners ("CIP"), a multifamily investment platform focused on existing core-plus and value-add multifamily communities, today announced the acquisition of the Elle Collection portfolio in the Texas Medical Center area, a populous and growing submarket of Houston, TX, for approximately $60 million.

Key Points: 
  • Ascendant Capital Partners ("Ascendant"), a vertically integrated real estate investment and operating platform, and Culver Investment Partners ("CIP"), a multifamily investment platform focused on existing core-plus and value-add multifamily communities, today announced the acquisition of the Elle Collection portfolio in the Texas Medical Center area, a populous and growing submarket of Houston, TX, for approximately $60 million.
  • The Elle Collection comprises three multifamily assets – Elle at the Medical Center, Vie at the Medical Center, and Plaza Townhomes at the Medical Center – totaling 470 units.
  • The Medical Center is a major economic driver for Houston, attracting a strong tenant base of medical professionals and students.
  • The partnership will seek to implement a strategic capital improvement plan to enhance the resident experience at the Elle Collection properties.

Granite REIT Notice of Conference Call for First Quarter 2024 Results

Retrieved on: 
Monday, April 8, 2024
Construction & Property, REIT, Granite Real Estate, Real estate investing, TSX

Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) expects to announce its financial results for the first quarter ended March 31, 2024 after the close of markets on Wednesday, May 8, 2024.

Key Points: 
  • Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) expects to announce its financial results for the first quarter ended March 31, 2024 after the close of markets on Wednesday, May 8, 2024.
  • Granite will hold a conference call and live audio webcast to discuss its financial results.
  • The conference call will be chaired by Kevan Gorrie, President and Chief Executive Officer.

Cushman & Wakefield Appoints Luke Herbert as Global Treasurer

Retrieved on: 
Monday, April 8, 2024
Professional Services, Commercial Building & Real Estate, Finance, Construction & Property, Urban Planning, REIT, Accounting, International Game Technology, Business administration, Equity, Senior, Corporate finance, Capital market, United States service academies, Harvard University, CWK, Cushman & Wakefield, Barclays, DEI, Management

Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, today announced Luke Herbert has joined the firm as Senior Vice President, Global Treasurer.

Key Points: 
  • Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, today announced Luke Herbert has joined the firm as Senior Vice President, Global Treasurer.
  • “I am thrilled to welcome Luke to Cushman & Wakefield as our new Global Treasurer.
  • Herbert joins Cushman & Wakefield from GXO Logistics, where he served as Vice President, Assistant Treasurer, responsible for cash management, liquidity planning, capital structure strategy and financial risk management globally.
  • Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries.

Equinix (EQIX) Falls After Hindenburg Research Accuses Company of Manipulating Metrics to Increase Executive Compensation - Hagens Berman

Retrieved on: 
Monday, March 25, 2024
Hindenburg Research, Hindenburg, SAN, The Insider, AI, Person, Real estate investment trust, Bank statement, REIT, EQIX, Machine learning, Hagens Berman, Audit

SAN FRANCISCO, March 25, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Equinix, Inc. (NASDAQ: EQIX) investors who suffered substantial losses to submit your losses now .

Key Points: 
  • SAN FRANCISCO, March 25, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Equinix, Inc. (NASDAQ: EQIX) investors who suffered substantial losses to submit your losses now .
  • 20, 2024, Equinix shares declined sharply after activist short seller Hindenburg Research took aim at the data center provider, alleging that Equinix’s senior management was manipulating key financial metrics to boost the appearance of profitability and trigger executive stock grants.
  • Hindenburg’s detailed allegations have led prominent investors’ rights law firm, Hagens Berman, to open an investigation into possible violations of the U.S. securities.
  • “We’re investigating the propriety of Equinix’s financial reports,” said Reed Kathrein, the Hagens Berman partner leading the investigation.

UMH PROPERTIES, INC. WILL HOST FIRST QUARTER 2024 FINANCIAL RESULTS WEBCAST AND CONFERENCE CALL

Retrieved on: 
Monday, March 25, 2024
Finance, Conference, Interest, UMH Properties, Webcast, Senior, UMH, REIT, Conference call, Phase 10, Property management

FREEHOLD, NJ, March 25, 2024 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) (TASE:UMH), a real estate investment trust (REIT) specializing in manufactured home communities, announced that it will host its First Quarter 2024 Financial Results Webcast and Conference Call.

Key Points: 
  • FREEHOLD, NJ, March 25, 2024 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) (TASE:UMH), a real estate investment trust (REIT) specializing in manufactured home communities, announced that it will host its First Quarter 2024 Financial Results Webcast and Conference Call.
  • Senior management will discuss the results, current market conditions and future outlook on Friday, May 3, 2024, at 10:00 a.m. Eastern Time.
  • UMH’s First Quarter 2024 results will be released on Thursday, May 2, 2024, after the close of trading on the New York Stock Exchange and will be available on the Company’s website at www.umh.reit , in the Financials section.
  • To participate in the webcast, select the webcast icon on the homepage of the Company’s website at www.umh.reit , in the Upcoming Events section.

ARMOUR Residential REIT, Inc. Announces Guidance for April 2024 Dividend Rate Per Common Share

Retrieved on: 
Monday, March 25, 2024
Trust, REIT

ARMOUR has elected to be taxed as a real estate investment trust (“REIT”) for U.S. Federal income tax purposes.

Key Points: 
  • ARMOUR has elected to be taxed as a real estate investment trust (“REIT”) for U.S. Federal income tax purposes.
  • In order to maintain this tax status, ARMOUR is required to timely distribute substantially all of its ordinary REIT taxable income.
  • Dividends paid in excess of current tax earnings and profits for the year will generally not be taxable to common stockholders.
  • Actual dividends are determined at the discretion of the Company’s board of directors, which may consider additional factors including the Company’s results of operations, cash flows, financial condition and capital requirements as well as current market conditions, expected opportunities and other relevant factors.

Crown Castle Issues Open Letter to Shareholders

Retrieved on: 
Monday, March 25, 2024
Sprint, BofA Securities, Tax, Verizon Communications, Letter, Ted, File, Face, Exercise, CFO, Name, Shirin David, Shareholder, Strategic planning, Integration, Sale, CCI, Motion, Security (finance), Senior, Outline, Morgan Stanley, REIT, Person, T-Mobile, Boots (company), Interim, Telecommunications, American Tower, Family, CTIA, Consultant, Annual general meeting

HOUSTON, March 25, 2024 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) (“Crown Castle” or the “Company”) today filed its preliminary proxy materials with the Securities and Exchange Commission (“SEC”) in connection with its 2024 Annual Meeting of Stockholders to be held on May 22, 2024.

Key Points: 
  • The Crown Castle Board of Directors unanimously recommends shareholders use the WHITE proxy card to vote FOR only the twelve nominees proposed by our Board of Directors.
  • The Board values feedback from all of its shareholders, and as we advance these initiatives, we are committed to acting in our shareholders’ best interests by positioning Crown Castle for long-term success and value creation.
  • Crown Castle today is very different than it was 22 years ago when Mr. Miller was last at the Company.
  • Boots Capital’s proposal does not create any actual tax “savings” to Crown Castle, because Crown Castle is a REIT and does not pay taxes as long as it pays distributions to shareholders equal to its taxable income each year.