REIT

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

Retrieved on: 
Wednesday, March 20, 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 20, 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 20, 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. PUBLISHES ITS 2023 ANNUAL REPORT

Retrieved on: 
Wednesday, March 20, 2024
UMH Properties, UMH, REIT, Annual report, Property management

FREEHOLD, NJ, March 20, 2024 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) (TASE:UMH), a real estate investment trust (REIT) specializing in manufactured home communities, announced today that it has published its 2023 Annual Report.

Key Points: 
  • FREEHOLD, NJ, March 20, 2024 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) (TASE:UMH), a real estate investment trust (REIT) specializing in manufactured home communities, announced today that it has published its 2023 Annual Report.
  • Samuel A. Landy, President and Chief Executive Officer, commented, "We are proud to announce that our 2023 Annual Report is now available on our website.
  • These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan, Maryland, Alabama, South Carolina and Georgia.
  • UMH also has an ownership interest in and operates two communities in Florida, containing 363 sites, through its joint venture with Nuveen Real Estate.

LXP Industrial Trust Announces Quarterly Common Share Dividend

Retrieved on: 
Monday, March 18, 2024
PALM, REIT, Investment

WEST PALM BEACH, Fla., March 18, 2024 (GLOBE NEWSWIRE) -- LXP Industrial Trust (“LXP”) (NYSE: LXP), a real estate investment trust (REIT) focused on single-tenant industrial real estate investments, today announced that it declared a regular common share dividend for the quarter ending March 31, 2024 of $0.13 per common share payable on or about April 15, 2024 to common shareholders of record as of March 28, 2024.

Key Points: 
  • WEST PALM BEACH, Fla., March 18, 2024 (GLOBE NEWSWIRE) -- LXP Industrial Trust (“LXP”) (NYSE: LXP), a real estate investment trust (REIT) focused on single-tenant industrial real estate investments, today announced that it declared a regular common share dividend for the quarter ending March 31, 2024 of $0.13 per common share payable on or about April 15, 2024 to common shareholders of record as of March 28, 2024.
  • LXP also declared a cash dividend of $0.8125 per share of Series C Cumulative Convertible Preferred Stock for the quarter ending March 31, 2024, which is payable on or about May 15, 2024, to shareholders of record as of April 30, 2024.

Nexus Industrial REIT Announces Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Thursday, March 14, 2024
Nexus, CPI, Growth, DRIP, Class, Acquisition, Sale, News, Public expenditure, Park Street, Table, NOI, Bank statement, REIT, Analysis, Real estate

TORONTO, March 13, 2024 (GLOBE NEWSWIRE) -- Nexus Industrial REIT (the “REIT”) (TSX: NXR.UN) announced today its results for the fourth quarter and year ended December 31, 2023.

Key Points: 
  • See Appendix A of this earnings release for a reconciliation of the non-IFRS financial measures to the primary financial statement measures.
  • Acquisitions completed subsequent to October 1, 2022, generated $4.5 million of incremental NOI in Q4 2023 as compared to Q4 2022.
  • The REIT is focused on delivering total unitholder return through profitable long-term growth, and by pursing its strategy as a Canada-focused pure-play industrial REIT.
  • In the fourth quarter of 2024, the REIT expects to complete the 240,000 sq ft Dennis Rd expansion project in St Thomas, ON.

Obra Capital Welcomes Experienced Commercial Real Estate Origination and Servicing Team and Launches Obra Real Estate

Retrieved on: 
Wednesday, March 13, 2024
PMC, Insurance, REIT, Environment

NEW YORK, March 13, 2024 (GLOBE NEWSWIRE) -- Obra Capital, Inc. (“Obra”), an asset management firm with a specialized approach to alternative investing, today announced that it has hired the experienced real estate origination and servicing team of Pangea Mortgage Capital (“PMC”) and launched Obra Real Estate.

Key Points: 
  • NEW YORK, March 13, 2024 (GLOBE NEWSWIRE) -- Obra Capital, Inc. (“Obra”), an asset management firm with a specialized approach to alternative investing, today announced that it has hired the experienced real estate origination and servicing team of Pangea Mortgage Capital (“PMC”) and launched Obra Real Estate.
  • The team brings with it deep operational and underwriting expertise that will support Obra Real Estate’s investment strategy for insurance and institutional accounts.
  • Over the last seven years, the team has collectively originated in excess of $780 million dollars in commercial real estate loans across over 100 transactions.
  • We are pleased to welcome the team to Obra and look forward to combining and extending our capabilities in commercial real estate lending through our Obra Real Estate offering,” said Blair Wallace, President and Chief Executive Officer.

Macerich Marks 30 Years as Public Company, Rings Closing Bell at New York Stock Exchange

Retrieved on: 
Tuesday, March 12, 2024
Rolex, Scottsdale Fashion Square, Season, Social media, MAC, Disclosure, The Capital Grille, Bocce, JD Sports, Nespresso, Restaurant, Abercrombie Kids, The Cheesecake Factory, FFO, Sephora, Shake Shack, Intimissimi, Caesar, NOI, Eddie V's Prime Seafood, Neiman Marcus, Dillard's, Tysons Corner Center, Nike, Pandora, Regulation, Food, 85°C Bakery Cafe, Metro New York, Macy's, Originality, Regulation Fair Disclosure, Pacific Ocean, GAAP, Tysons Corner Communications Tower, Apple, Prada, AMC Theatres, REIT, Ivivva athletica, Heart, ARTE, Collection, Candy, Pacific Northwest, Bowling, Earls (restaurant chain)

Jack Hsieh, who took the reins as Macerich President and CEO on March 1, 2024, was joined by a number of Macerich senior executives to ring the bell and celebrate this significant company milestone.

Key Points: 
  • Jack Hsieh, who took the reins as Macerich President and CEO on March 1, 2024, was joined by a number of Macerich senior executives to ring the bell and celebrate this significant company milestone.
  • “Thirty years ago, when Macerich launched as a public company, the mall business was very different.
  • Today, as Macerich celebrates its 30th anniversary, its total market cap exceeds $10.5 billion.
  • Additional information about Macerich can be found through social media platforms such as LinkedIn.

KB Home Announces the Grand Opening of Its Newest Community in Highly Desirable Antelope, California

Retrieved on: 
Friday, April 5, 2024
Architecture, Construction & Property, Building Systems, Urban Planning, REIT, Landscape, Interior Design, Residential Building & Real Estate, Certification, Wetland, Interstate 80, Camping, Swimming, Silver, School, KB Home, Galleria Shopping Centre (Perth), Bath, KB, Water, Recreation, Multimedia, Sacramento International Airport, Interstate Highway System

KB Home (NYSE: KBH) today announced the grand opening of Cottages at The Preserve, a new community of two-story homes in highly desirable Antelope, California.

Key Points: 
  • KB Home (NYSE: KBH) today announced the grand opening of Cottages at The Preserve, a new community of two-story homes in highly desirable Antelope, California.
  • Homeowners will appreciate the planned community amenities, which include open space, walking trails and wetlands as well as the proximity to local schools.
  • View the full release here: https://www.businesswire.com/news/home/20240405942627/en/
    KB Home announces the grand opening of Cottages at The Preserve, a new community of two-story homes in highly desirable Antelope, California.
  • Every KB home is uniquely built for each customer, so no two KB homes are the same.

Broadstone Net Lease Schedules First Quarter 2024 Earnings Release and Conference Call

Retrieved on: 
Friday, April 5, 2024
Professional Services, Other Construction & Property, Commercial Building & Real Estate, Finance, Construction & Property, REIT, BNL

Broadstone Net Lease, Inc. (NYSE: BNL) (“BNL” or the “Company”) today announced that it will release its financial and operating results for the quarter ended March 31, 2024, after the market closes on Wednesday, May 1, 2024.

Key Points: 
  • Broadstone Net Lease, Inc. (NYSE: BNL) (“BNL” or the “Company”) today announced that it will release its financial and operating results for the quarter ended March 31, 2024, after the market closes on Wednesday, May 1, 2024.
  • The Company will host its earnings conference call and audio webcast on Thursday, May 2, 2024, at 11:00 a.m. Eastern Time.
  • A replay of the conference call webcast will be available approximately one hour after the conclusion of the live broadcast.
  • To listen to a replay of the call via the web, which will be available for one year, please visit: https://investors.bnl.broadstone.com .

Essex Announces Release and Conference Call Dates for Its First Quarter 2024 Earnings

Retrieved on: 
Friday, April 5, 2024
REIT, Finance, Professional Services, Residential Building & Real Estate, Construction & Property, Webcast, ESS, Internet, Essex Property Trust

Essex Property Trust, Inc. (NYSE:ESS) announced today that it plans to release its first quarter 2024 earnings after the market closes on Tuesday, April 30, 2024.

Key Points: 
  • Essex Property Trust, Inc. (NYSE:ESS) announced today that it plans to release its first quarter 2024 earnings after the market closes on Tuesday, April 30, 2024.
  • A conference call with senior management is scheduled for Wednesday, May 1, 2024 at 10:00 a.m. Pacific Time or 1:00 p.m. Eastern Time.
  • The first quarter conference call is open to everyone and can be accessed by:
    Internet: Go to www.essex.com ; click on Investors and the first quarter earnings webcast.
  • To access the replay online, go to www.essex.com and select Investors and the first quarter earnings webcast.

Popular, Inc. Declares Dividend on Preferred Stock and Announces Distribution on Trust Preferred Securities

Retrieved on: 
Friday, April 5, 2024
REIT, Finance, Banking, Professional Services, Construction & Property, Security, Corporation, BPOP, Popular, Life insurance

Popular, Inc. (NASDAQ: BPOP) announced today that it has declared the following monthly cash dividend on its outstanding shares of Non-Cumulative Monthly Income Preferred Stock:

Key Points: 
  • Popular, Inc. (NASDAQ: BPOP) announced today that it has declared the following monthly cash dividend on its outstanding shares of Non-Cumulative Monthly Income Preferred Stock:
    a monthly cash dividend of $0.132813 per share of 6.375% Non-Cumulative Monthly Income Preferred Stock, 2003 Series A, payable on April 30, 2024 to holders of record as of April 15, 2024.
  • The Corporation also announced the following monthly distribution on its outstanding Trust Preferred Securities:
    a monthly distribution of $0.127604 per security of 6.125% Cumulative Monthly Income Trust Preferred Securities issued by Popular Capital Trust II, payable on May 1, 2024 to holders of record as of April 15, 2024.