REIT

PotlatchDeltic Board Declares Distribution on Common Stock

Retrieved on: 
星期四, 五月 9, 2024
Forest Products, Construction & Property, Natural Resources, REIT, PCH

The board of directors of PotlatchDeltic Corporation (Nasdaq: PCH) declared a quarterly distribution on the Company's common stock. The distribution of $0.45 per share is payable June 28, 2024 to stockholders of record on June 7, 2024.

Key Points: 

The board of directors of PotlatchDeltic Corporation (Nasdaq: PCH) declared a quarterly distribution on the Company's common stock. The distribution of $0.45 per share is payable June 28, 2024 to stockholders of record on June 7, 2024.

Transcontinental Realty Investors, Inc. Reports Earnings for Quarter Ended March 31, 2024

Retrieved on: 
星期四, 五月 9, 2024
Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, REIT, Bayou Cane, Louisiana, TCI, Renting, Cryptocurrency

Transcontinental Realty Investors, Inc. (NYSE:TCI) is reporting its results of operations for the three months ended March 31, 2024.

Key Points: 
  • Transcontinental Realty Investors, Inc. (NYSE:TCI) is reporting its results of operations for the three months ended March 31, 2024.
  • Rental revenues increased $0.3 million from $11.0 million for the three months ended March 31, 2023 to $11.3 million for the three months ended March 31, 2024.
  • Net operating loss decreased $1.2 million from $2.6 million for three months ended March 31, 2023 to $1.3 million for the three months ended March 31, 2024.
  • Net income attributable to the Company decreased $1.0 million from $3.5 million for the three months ended March 31, 2023 to $2.5 million for the three months ended March 31, 2024.

New Concept Energy, Inc. Reports First Quarter 2024 Results

Retrieved on: 
星期四, 五月 9, 2024
Other Energy, Other Construction & Property, Oil, Gas, Energy, Construction & Property, REIT

New Concept Energy, Inc. (NYSE American: GBR), (the “Company” or “NCE”) a Dallas-based company, today reported Results of Operations for the first quarter ended March 31, 2024.

Key Points: 
  • New Concept Energy, Inc. (NYSE American: GBR), (the “Company” or “NCE”) a Dallas-based company, today reported Results of Operations for the first quarter ended March 31, 2024.
  • During the three months ended March 31, 2024, the Company reported net income applicable to common shares of $2,000, compared to net income of $17,000 for the three months ended March 31, 2023.
  • For the three months ended March 31, 2024, corporate general & administrative expenses were $78,000 as compared to $68,000 for the comparable periods in 2023.
  • For the three months ended March 31, 2024 and 2023 interest income was $57,000 and $52,000.

American Realty Investors, Inc. reports Earnings for Quarter Ended March 31, 2024

Retrieved on: 
星期四, 五月 9, 2024
REIT, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, ARL, Bayou Cane, Louisiana, Renting

American Realty Investors, Inc. (NYSE:ARL) is reporting its results of operations for the three months ended March 31, 2024.

Key Points: 
  • American Realty Investors, Inc. (NYSE:ARL) is reporting its results of operations for the three months ended March 31, 2024.
  • Rental revenues increased $0.3 million from $11.0 million for the three months ended March 31, 2023 to $11.3 million for the three months ended March 31, 2024.
  • Net operating loss decreased $1.6 million from $3.1 million for three months ended March 31, 2023 to $1.5 million for the three months ended March 31, 2024.
  • Net income attributable to common shares decreased $1.2 million from $3.0 million for the three months ended March 31, 2023 to $1.8 million for the three months ended March 31, 2024.

Annaly Capital Management, Inc. Announces Preferred Dividends

Retrieved on: 
星期四, 五月 9, 2024
Construction & Property, Professional Services, REIT, Finance, CME, Security (finance)

In accordance with the terms of Annaly’s 6.95% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (“Series F Preferred Stock”), the Board has declared a Series F Preferred Stock cash dividend for the second quarter of 2024 of $0.659783 per share of Series F Preferred Stock, which reflects a rate of 10.55652%, equal to three-month CME Term SOFR (plus a spread adjustment of 0.26161%) on the Dividend Determination date plus a spread of 4.993%.

Key Points: 
  • In accordance with the terms of Annaly’s 6.95% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (“Series F Preferred Stock”), the Board has declared a Series F Preferred Stock cash dividend for the second quarter of 2024 of $0.659783 per share of Series F Preferred Stock, which reflects a rate of 10.55652%, equal to three-month CME Term SOFR (plus a spread adjustment of 0.26161%) on the Dividend Determination date plus a spread of 4.993%.
  • In accordance with the terms of Annaly’s 6.50% Series G Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (“Series G Preferred Stock”), the Board has declared a Series G Preferred Stock cash dividend for the second quarter of 2024 of $0.628752 per share of Series G Preferred Stock, which reflects a rate of 9.73552%, equal to three-month CME Term SOFR (plus a spread adjustment of 0.26161%) on the Dividend Determination date plus a spread of 4.172%.
  • In accordance with the terms of Annaly’s 6.75% Series I Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (“Series I Preferred Stock”), the Board has declared a Series I Preferred Stock cash dividend for the second quarter of 2024 of $0.421875 per share of Series I Preferred Stock.
  • Dividends for the Series F Preferred Stock, Series G Preferred Stock, and Series I Preferred Stock are payable on June 28, 2024 to preferred shareholders of record as of June 3, 2024.

COPT Defense Declares Second Quarter 2024 Common Dividend

Retrieved on: 
星期四, 五月 9, 2024
Commercial Building & Real Estate, Construction & Property, Defense, Other Defense, Military, Contracts, REIT, Other Construction & Property, CDP, Trustee

COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announced today that its Board of Trustees declared a regular quarterly dividend of $0.295 per common share for the second quarter ending June 30, 2024.

Key Points: 
  • COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announced today that its Board of Trustees declared a regular quarterly dividend of $0.295 per common share for the second quarter ending June 30, 2024.
  • The second quarter 2024 dividend represents an annualized amount of $1.18 per share and is payable on July 17, 2024, to shareholders of record on June 28, 2024.

VICI Properties Inc. Announces $250 Million Mezzanine Loan Origination for Great Wolf Resorts, Inc.

Retrieved on: 
星期四, 五月 9, 2024
Commercial Building & Real Estate, Construction & Property, Casino, Gaming, Finance, Entertainment, REIT, Professional Services, Lodging, Destinations, Travel, CMBS, Vici Properties, VICI, F&B, Credit Solutions of America, Mezzanine, Bank

VICI Properties Inc. (NYSE: VICI) (the “Company”, “VICI” or “VICI Properties”) announced today that it has originated a $250 million mezzanine loan (the “Mezzanine Loan”) as part of a $1.55 billion financing that also includes a single borrower group CMBS securitization (the “Great Wolf Loan”) for Great Wolf Resorts, Inc. (“Great Wolf”) through its VICI Experiential Credit Solutions strategy.

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (the “Company”, “VICI” or “VICI Properties”) announced today that it has originated a $250 million mezzanine loan (the “Mezzanine Loan”) as part of a $1.55 billion financing that also includes a single borrower group CMBS securitization (the “Great Wolf Loan”) for Great Wolf Resorts, Inc. (“Great Wolf”) through its VICI Experiential Credit Solutions strategy.
  • The Great Wolf Loan will be collateralized by a portfolio of nine Great Wolf Lodge resorts with over 4,000 keys, approximately 695,000 square feet of indoor and outdoor waterpark space, 59 F&B outlets and nearly 80,000 square feet of meeting space.
  • In connection with the Great Wolf Loan origination, Great Wolf repaid VICI’s $79.5 million mezzanine loan for Great Wolf Lodge Maryland.
  • David Kieske, Chief Financial Officer of VICI Properties, said, “Since our announcement to partner with Great Wolf to support the development of resorts in 2021, we have committed over $720 million of capital to the Great Wolf team, including the impact of the repayment of the Great Wolf Lodge Maryland loan.

Julius Swolsky of Graystone Capital Advisors has been Promoted to Managing Director

Retrieved on: 
星期四, 五月 9, 2024
Professional Services, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Sale, Medicine, Real estate investment trust, Financial adviser

Graystone Capital Advisors, a leading investment sales brokerage, has promoted Julius Swolsky to Managing Director.

Key Points: 
  • Graystone Capital Advisors, a leading investment sales brokerage, has promoted Julius Swolsky to Managing Director.
  • Swolsky joined Graystone Capital Advisors in 2018, and has quickly escalated to an industry leader completing nearly $3 Billion in closed transactions.
  • At Graystone Capital Advisors, Swolsky has consistently earned the spot of Top Agent.
  • "I am thrilled to see Julius hit this milestone," adds Brenton Baskin, Managing Director of Graystone Capital Advisors.

Income Opportunity Realty Investors, Inc. Reports Earnings for Quarter Ended March 31, 2024

Retrieved on: 
星期四, 五月 9, 2024
REIT, Finance, Other Construction & Property, Professional Services, Construction & Property

Income Opportunity Realty Investors, Inc. (NYSE American: IOR) is reporting its results of operations for the quarter ended March 31, 2024.

Key Points: 
  • Income Opportunity Realty Investors, Inc. (NYSE American: IOR) is reporting its results of operations for the quarter ended March 31, 2024.
  • For the three months ended March 31, 2024, we reported net income attributable to common shares of $1.2 million or $0.29 per diluted share compared to a net income of $1.1 million or $0.25 per share for the same period in 2023.
  • Our increase in net income is attributable to a decrease in general, administrative and advisory costs offset in part by a decrease in interest income.

Ready Capital Corporation Reports First Quarter 2024 Results

Retrieved on: 
星期三, 五月 8, 2024
Transfer, Total, Small business, RC, Investment, ASC, MBS, Business, Microsoft, LMM, REIT, Small Business Administration, Calendar, GAAP, Growth, Bank

NEW YORK, May 08, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation (“Ready Capital” or the “Company”) (NYSE: RC), a multi-strategy real estate finance company that originates, acquires, finances, and services lower-to-middle-market (“LMM”) investor and owner occupied commercial real estate loans, today reported financial results for the quarter ended March 31, 2024.

Key Points: 
  • NEW YORK, May 08, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation (“Ready Capital” or the “Company”) (NYSE: RC), a multi-strategy real estate finance company that originates, acquires, finances, and services lower-to-middle-market (“LMM”) investor and owner occupied commercial real estate loans, today reported financial results for the quarter ended March 31, 2024.
  • “We continue to address the challenges caused by the current recession in commercial real estate,” said Thomas Capasse, Ready Capital’s Chairman and Chief Executive Officer.
  • In addition to the results presented in accordance with U.S. GAAP, this press release includes distributable earnings, formerly referred to as core earnings, which is a non-U.S. GAAP financial measure.
  • The table below reconciles Net Income computed in accordance with U.S. GAAP to Distributable Earnings.