JV secures $56.8 million construction loan from TD Bank for The Airedale, Toll Brothers Apartment Living’s first multifamily community in North Carolina The Airedale Charlotte, NC FORT WASHINGTON, Pa., July 08, 2025 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE: TOL), the nation’s leading builder of luxury homes, through its Toll Brothers Apartment Living® rental division, and International Capital, LLC have announced a new joint venture to develop The Airedale, a three-story, 348-unit luxury multifamily ...

Following the issuance of the building permit, Kodulahe Kvartal OÜ is launching the construction of the seventh phase of the Kodulahe quarter at Soodi 6, Tallinn. The project includes the construction of three apartment buildings with a total of 62 apartments (ranging from 1 to 5 rooms) and commercial premises with a total area of 263 m². The net sellable area of the apartments is 4,270 m². The expected total revenue of the development is approximately 16 million euros. The buildings are scheduled for compl ...

16 June 2025 | 12:26PM HKT China: 70-city average primary property prices fell further in May Bottom line: The National Bureau of Statistics' 70-city house price data suggest the weighted average property price in the primary market fell by 2.4% mom annualized in May after seasonal adjustments. The widening in sequential decline of house prices was broad-based across all city tiers. We emphasize the 70-city data are for primary market transactions (new home sales) only; secondary market data by NBS and some ...

Alico (ALCO) Conference Summary Company Overview - Alico Incorporated, ticker ALCO, is a public company trading on Nasdaq with a market cap of approximately $240 million [4][3]. - The company has a long history of over 125 years in agribusiness and land management, primarily in Florida [5][4]. - Alico owns about 51,000 acres of land across 31 locations in eight counties in Florida [7][6]. Strategic Transition - Alico is transitioning from a focus on citrus operations to a diversified land company, with about 25% of its land holdings being repurposed for commercial and residential development [5][6]. - The decision to wind down citrus operations was driven by financial and tactical reasons, including losses due to environmental impacts and diseases affecting the citrus industry [15][14]. - The company aims to balance short-term cash flow from agricultural operations with long-term capital returns through real estate development [6][16]. Financial Performance and Projections - Alico projects an EBITDA of approximately $20 million for the fiscal year ending September 2025, with an expected cash balance of $25 million and a net debt reduction to around $60 million [16][17]. - The present value of Alico's land is estimated between $650 million and $750 million, indicating the company is trading at a significant discount to its potential market value [19][20]. - The company has identified four projects that could generate between $335 million and $380 million in present value over the next five years [20][21]. Development Projects - Key projects include the Corkscrew Grove Village in Collier County, which will feature mixed-use villages and a 1,500-acre environmentally friendly corridor for the Florida panther [26][27]. - Other projects include Bonnet Lake, Saddlebag in Polk County, and Plant World, each with varying timelines and development plans [30][33]. Shareholder Returns and Capital Management - Alico has a history of returning capital to shareholders, having returned over $190 million through dividends and debt prepayments over the past ten years [35][36]. - The company has a new $50 million buyback program approved by the board, indicating a commitment to returning capital as cash flow allows [36][40]. - Alico maintains a strong liquidity position with $25 million in cash and $95 million in untapped credit lines [39][42]. Market Perception and Future Outlook - The company acknowledges a disconnect between its market capitalization and the fair value of its assets, attributing it to market skepticism regarding its transition from citrus to real estate [57][58]. - Alico aims to close this value gap by consistently delivering on its strategic roadmap and maintaining transparency with investors [62][63]. - The management is focused on executing its strategy and returning capital to shareholders while managing the remaining agricultural operations effectively [38][59]. Additional Insights - The company has been proactive in managing its land and has a detailed master plan for each acre, ensuring the highest and best use of its assets [22][23]. - Alico's management team has significant experience in land entitlement and real estate development, which is crucial for the company's strategic shift [11][12].

Brandywine Realty Trust (BDN) 2025 Conference June 04, 2025 02:00 PM ET Speaker0 Okay. I think all set, ready to begin here. So I'm Michael Lewis, Managing Director and Lead Office REIT Analyst at Truist Securities. I have the privilege today of introducing the management team of Brandywine Realty Trust. Directly to my right, Jerry Sweeney, the President and Chief Executive Officer Tom Worth, directly to his right, Brandywine's Chief Financial Officer and on the end there, Dan Plaza, Chief Accounting Office ...

Shares of Canterbury Park Holding Corporation (CPHC) have gained 1.2% since reporting results for the first quarter of 2025. This compares with the S&P 500 index’s 3.9% growth over the same time frame. Over the past month, the stock has gained 1.3% compared with the S&P 500’s 11.4% rally.Financial Performance Deteriorates Y/YFor the three months ended March 31, 2025, Canterbury Park posted total net revenues of $13.1 million, marking a 6.8% decline from $14.1 million in the same period in 2024. This revenue ...

Sky Harbour Group (SKYH) Q1 2025 Earnings Call May 13, 2025 05:00 PM ET Company Participants Francisco Gonzalez - Chief Financial OfficerMichael Schmitt - Chief Accounting OfficerTal Keinan - Chairman & CEOTim Herr - SVP - Finance & TreasurerMarty Kretchman - SVP - Airports Operator Good afternoon. My name is Tina, and I will be your conference operator today. At this time, I would like to welcome everyone to the conference call. All lines have been placed on mute to prevent any background noise. After the ...

Core Insights - Alico, Inc. is transitioning to become a diversified land company, concluding its capital investment in citrus operations after the fiscal year 2025 harvest [1][2] - The company has raised its land sales outlook to potentially exceed $50 million for fiscal year 2025, supported by ongoing negotiations and agreements [1][2][25] - Alico's financial guidance now includes cash balance, net debt, and adjusted EBITDA targets for fiscal year 2025, projecting a cash balance of approximately $25 million and net debt of around $60 million [1][2][26] Financial Performance - For the second quarter ended March 31, 2025, Alico reported revenue of $17.98 million, a slight decrease of 0.7% compared to $18.11 million in the same period of 2024 [3] - The net loss attributable to Alico common stockholders for the quarter was $111.4 million, a significant increase from a loss of $15.8 million in the prior year, primarily due to accelerated depreciation and impairment related to the strategic transformation [4][5] - Adjusted EBITDA for the second quarter was $12.7 million, contrasting with a loss of $16.5 million in the same quarter of 2024 [5] Citrus Operations - Alico completed its last major citrus harvest in April 2025, with plans for a final harvest on remaining operational citrus groves in fiscal year 2026 [2][24] - Citrus production saw a decline, with total processed boxes down 20.4% year-over-year for the three months ended March 31, 2025 [7] - The company experienced a significant drop in pound solids harvested due to adverse weather conditions, specifically Hurricane Milton [7] Land Management and Other Operations - Revenue from Land Management and Other Operations increased by 107.1% for the three months ended March 31, 2025, driven by higher rock and sand royalty income [10] - Operating expenses in this segment decreased by 46.5% compared to the same period in 2024, primarily due to lower property taxes following the sale of Alico Ranch [11] Strategic Initiatives - Alico is developing the Corkscrew Grove Villages project, which will encompass approximately 4,660 acres and aims to provide residential and commercial opportunities while enhancing public infrastructure [17][18] - The company has initiated a multi-year entitlement approval process for the Corkscrew Grove Villages, with the first village's approval expected in 2026 [18] - Alico's commitment to conservation is evident in its plans to place an additional 6,000 acres into permanent conservation as part of the Corkscrew Grove Villages project [21][22] Liquidity and Financial Position - As of March 31, 2025, Alico reported a robust liquidity position with $14.7 million in cash and cash equivalents and $88.5 million in available credit facilities [1][19] - The company's working capital was $36.1 million, reflecting a current ratio of 5.56 to 1.00 [19] - Total debt stood at $89.6 million, with net debt at $74.9 million, showing a decrease from the previous fiscal year [19]

央行：拓宽保障性住房再贷款使用范围 持续巩固房地产市场稳定态势 智通财经5月9日电，央行发布2025年第一季度中国货币政策执行报告，下一阶段，加快建立完善养老金 融体系，支持中国式养老事业。支持提振和扩大消费，引导金融机构从消费供给和需求两端，积极满足 各类主体多样化资金需求。拓宽保障性住房再贷款使用范围，持续巩固房地产市场稳定态势，完善房地 产金融基础性制度，助力构建房地产发展新模式。 ...

Howard Hughes Holdings (HHH) Q1 2025 Earnings Call May 08, 2025 10:00 AM ET Speaker0 Thank you for standing by and welcome to the Howard Hughes Management's First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in listen only mode. After the speakers' presentation, there will be a question and answer session. As a reminder, today's program is being recorded. And now I'd like to introduce your host for today's program, Eric Holcomb, Senior Vice President of Investor Re ...