Other Construction & Property

Masco Corporation Reports Second Quarter 2023 Results

Retrieved on: 
Thursday, July 27, 2023
Commercial Building & Real Estate, Construction & Property, Landscape, Interior Design, Home Goods, Building Systems, Retail, Other Construction & Property, Residential Building & Real Estate, NYSE, Masco, Corporation, Environment, MAS, Pharmaceutical industry, Pulp (paper)

Masco Corporation (NYSE: MAS), one of the world’s leading manufacturers of branded home improvement and building products, reported its second quarter results.

Key Points: 
  • Masco Corporation (NYSE: MAS), one of the world’s leading manufacturers of branded home improvement and building products, reported its second quarter results.
  • “In the second quarter, our pricing actions and improved operational efficiency helped drive adjusted operating profit margin expansion of 140 basis points.
  • Masco has entered into an agreement to acquire Sauna360 Group Oy, a leading global manufacturer of sauna solutions.
  • Masco’s Board of Directors declared a quarterly dividend of $0.285 per share, payable on August 28, 2023 to shareholders of record on August 11, 2023.

Kimco Realty® Announces Second Quarter 2023 Results

Retrieved on: 
Thursday, July 27, 2023
Other Construction & Property, Commercial Building & Real Estate, Construction & Property, REIT, Operation, Bed Bath & Beyond, Table, Corporate social responsibility, Kimco Realty, Bed, GAAP, Sale, FFO, Albertsons, BBBY, Investment, Corporation, NOI, Growth, ESG, ACI, NYSE, Security (finance), Reinsurance, Lease, Holding company

Kimco Realty® (NYSE: KIM), North America’s largest publicly traded owner and operator of open-air, grocery-anchored shopping centers and a growing portfolio of mixed-use assets, today reported results for the second quarter ended June 30, 2023.

Key Points: 
  • Kimco Realty® (NYSE: KIM), North America’s largest publicly traded owner and operator of open-air, grocery-anchored shopping centers and a growing portfolio of mixed-use assets, today reported results for the second quarter ended June 30, 2023.
  • FFO was $243.9 million, or $0.39 per diluted share, for the second quarter of 2023, compared to $246.4 million, or $0.40 per diluted share, for the second quarter 2022.
  • The company recorded a $31.0 million provision for income taxes during the second quarter of 2023.
  • These dividends on the preferred shares will be paid on October 16, 2023, to shareholders of record on October 2, 2023.

Office Properties Income Trust Announces Second Quarter 2023 Results

Retrieved on: 
Wednesday, July 26, 2023
Other Construction & Property, Commercial Building & Real Estate, Construction & Property, REIT, OPI, Multimedia

Office Properties Income Trust (Nasdaq: OPI) today announced its financial results for the quarter ended June 30, 2023, which can be found at the Quarterly Results section of OPI’s website at https://www.opireit.com/investors/financial-information/default.aspx .

Key Points: 
  • Office Properties Income Trust (Nasdaq: OPI) today announced its financial results for the quarter ended June 30, 2023, which can be found at the Quarterly Results section of OPI’s website at https://www.opireit.com/investors/financial-information/default.aspx .
  • View the full release here: https://www.businesswire.com/news/home/20230726998963/en/
    A conference call to discuss OPI's second quarter results will be held on Thursday, July 27, 2023 at 10:00 a.m. Eastern Time.
  • A replay will be available for one week by dialing (412) 317-0088; the replay pass code is 4046494.
  • A live audio webcast of the conference call will also be available in a listen only mode on OPI’s website, at www.opireit.com .

The St. Joe Company Reports Second Quarter and First Half 2023 Results and Increases Quarterly Dividend by 20%

Retrieved on: 
Wednesday, July 26, 2023
Residential Building & Real Estate, Lodging, Commercial Building & Real Estate, Destinations, Construction & Property, Vacation, Travel, Professional Services, Building Systems, Asset Management, Other Construction & Property, Financial data vendor, Maintenance, Housing, St. Joe Company, Macromedia HomeSite, Bank statement, LIBOR, Tax, SOFR, Quality of life, Intracoastal Waterway, GAAP, Securities and Exchange Commission of Pakistan, Sale, Public expenditure, Hotel Indigo, School, EBITDA, FSU, Depreciation, Embassy Suites by Hilton, Corporation, Form, Latitude, Residence Inn by Marriott, Growth, Security (finance), NYSE, Total, Safety, Video game, Tourism, Renting, Bookkeeping, Cryptocurrency, Pier Park

The St. Joe Company (NYSE: JOE) (the “Company”) today reports second quarter and first half 2023 results.

Key Points: 
  • The St. Joe Company (NYSE: JOE) (the “Company”) today reports second quarter and first half 2023 results.
  • We grew revenue in the second quarter of 2023 by 88% and net income attributable to the Company by 104%.
  • Our leasing revenue grew by 33% to $12.4 million.”
    Mr. Gonzalez continued, “We sold 300 homesites in the second quarter of 2023 as compared to 231 homesites in the second quarter of 2022.
  • Hospitality revenue increased by 52% to a quarterly record of $45.1 million in the second quarter of 2023, as compared to $29.6 million in the second quarter of 2022.

Carlisle Companies Reports Second Quarter Results

Retrieved on: 
Wednesday, July 26, 2023
Hardware, Other Construction & Property, Technology, Environment, Construction & Property, Health Technology, Engineering, Chemicals, Plastics, Building Systems, Aerospace, Manufacturing, Health, EPS, GAAP, CSL, NYSE, CFT

Carlisle Companies Incorporated (NYSE:CSL) today announced its second quarter 2023 financial results.

Key Points: 
  • Carlisle Companies Incorporated (NYSE:CSL) today announced its second quarter 2023 financial results.
  • Second quarter revenues of $1.5 billion, declined 14.0% year-over-year
    Reported second quarter GAAP diluted EPS from continuing operations of $4.71 and adjusted EPS of $5.18, down 13.7% year-over-year
    Announced an agreement to sell CFT, completing another major step in our portfolio optimization strategy

Postal Realty Trust Declares Second Quarter 2023 Dividend

Retrieved on: 
Wednesday, July 26, 2023
Communications, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, REIT, Public Relations, Investor Relations, NYSE, United States Postal Service, Mail, Holding company

Postal Realty Trust, Inc. (NYSE: PSTL) (the “Company”), an internally managed real estate investment trust that owns and manages over 1,750 postal properties leased primarily to the United States Postal Service (the “USPS”), ranging from last-mile post offices to larger industrial facilities, announced today that its board of directors has approved a quarterly dividend on the Company’s Class A common stock in the amount of $0.2375 per share.

Key Points: 
  • Postal Realty Trust, Inc. (NYSE: PSTL) (the “Company”), an internally managed real estate investment trust that owns and manages over 1,750 postal properties leased primarily to the United States Postal Service (the “USPS”), ranging from last-mile post offices to larger industrial facilities, announced today that its board of directors has approved a quarterly dividend on the Company’s Class A common stock in the amount of $0.2375 per share.
  • This represents a 2.2% increase from the second quarter 2022 dividend.
  • The dividend will be payable on August 31, 2023 to stockholders of record as of the close of business on August 7, 2023.

Carlisle Companies Announces Finance Leadership Changes

Retrieved on: 
Wednesday, July 26, 2023
Other Construction & Property, Residential Building & Real Estate, Manufacturing, Commercial Building & Real Estate, Construction & Property, Building Systems, Other Manufacturing, LLP, University, Bookkeeping, FP, CWT, Wake Forest University, History, Control, Business, CSL, MBA, Certified Public Accountant, Internal audit, Davidson College, Economics, Barrett, The Honors College, Acquisition, UC, Arizona State University, Henry, University of California, Irvine, Mehul, KPMG, NYSE, Management, Science, Finance

Carlisle Companies Incorporated (NYSE:CSL) is pleased to announce multiple changes to strengthen and enhance the global finance organization, leveraging and building on a team with deep experience and a track record of success.

Key Points: 
  • Carlisle Companies Incorporated (NYSE:CSL) is pleased to announce multiple changes to strengthen and enhance the global finance organization, leveraging and building on a team with deep experience and a track record of success.
  • All changes are effective August 1, 2023 and include:
    Mehul Patel has been promoted to Vice President, Investor Relations
    Kevin Zdimal, Vice President & Chief Financial Officer, said, “I am very pleased to announce these management changes within our finance organization.
  • Prior to joining Carlisle, Kelly held a variety of finance and accounting leadership roles at Freeport-McMoRan Inc. and KPMG, LLP.
  • Stephen Aldrich joined Carlisle in 2012 and has held numerous financial leadership roles, including Internal Audit Manager, Director of SEC Reporting, Vice President of Finance for Carlisle Fluid Technologies, Vice President of Internal Audit, and most recently Vice President of FP&A.

United Rentals Announces Record Second Quarter Results and Raises Its Full-Year 2023 Guidance

Retrieved on: 
Wednesday, July 26, 2023
Architecture, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Building Systems, Table, Share repurchase, Bank statement, OEC, United Rentals, Tax, GAAP, Public expenditure, EBITDA, Acquisition, Capital, Item, Depreciation, EPS, Renting, Regulation S-K, Regulation, Retail, Car rental, Bookkeeping, Cryptocurrency

On a pro forma basis, including the pre-acquisition results of Ahern Rentals, second quarter net income margin was flat year-over-year.

Key Points: 
  • On a pro forma basis, including the pre-acquisition results of Ahern Rentals, second quarter net income margin was flat year-over-year.
  • Adjusted EBITDA for the quarter increased 29.3% year-over-year to a second quarter record of $1.695 billion, while adjusted EBITDA margin increased 40 basis points to 47.7%.
  • General rentals segment rental revenue increased 22.5% year-over-year, including the impact of the Ahern Rentals acquisition, to a second quarter record of $2.189 billion.
  • On a pro forma basis, including the pre-acquisition results of Ahern Rentals, second quarter rental revenue for general rentals increased 10.7% year-over-year.