REIT also announces monthly distributions for Q3 2025MONTRÉAL, May 15, 2025 (GLOBE NEWSWIRE) -- Canadian Net Real Estate Investment Trust (“Canadian Net” or the “REIT”) (TSX-V: NET.UN) today reported its results for the quarter ended March 31st, 2025 (“Q1 2025”). The REIT also announced an increase in annual distributions and distributions for July, August and September 2025. “This was a solid quarter for Canadian Net, with FFO per unit growing by 8% as we are now reaping the benefits of our capital recycli ...

Core Insights - Nexus Industrial REIT has successfully transitioned to a pure-play industrial REIT, with industrial assets now contributing over 99% of its net operating income (NOI) [2][8] - The company reported a 8.6% increase in NOI year-over-year, reaching CAD 32.1 million, driven by acquisitions and growth in industrial Same Property NOI, which increased by 6.6% [8][16] - The REIT anticipates continued growth, with two significant development projects expected to add approximately CAD 6.6 million in annual stabilized NOI upon completion [2][18] Financial Performance - For Q1 2025, property revenues increased to CAD 44.8 million from CAD 41.6 million in Q1 2024 [10] - Net income for the quarter was CAD 33.2 million, down from CAD 43.7 million in the previous year, primarily due to fair value adjustments [10][31] - Normalized FFO per unit increased to CAD 0.187, up CAD 0.022 from the previous year, while Normalized AFFO per unit rose to CAD 0.154, an increase of CAD 0.019 [10][32] Portfolio and Occupancy - The REIT's total portfolio consists of 90 investment properties, with a fair value of CAD 2.47 billion, and a gross leasable area of approximately 11.7 million square feet [13][27] - The industrial occupancy rate increased to 97% from 96% in 2024, indicating strong demand for industrial space [8][13] - The weighted average lease term for the industrial portfolio is 6.8 years, reflecting stability in tenant relationships [13] Development Projects - The REIT is advancing construction on a 325,000 sq. ft. expansion project in St. Thomas, ON, and a 115,000 sq. ft. small-bay industrial complex in Calgary, AB, both expected to be completed in Q3 2025 [8][23] - The expansion project is projected to yield a contractual going-in yield of 9.0% on total development costs of CAD 54.9 million, while the Calgary project is expected to yield approximately 11% on CAD 15.4 million [23] Strategic Initiatives - The company sold 15 legacy retail properties and one office property for total proceeds of CAD 50.9 million, using the proceeds to reduce debt and fund development projects [2][8] - The REIT has renewed over 80% of its expiring gross leasable area (GLA), contributing an additional CAD 2.6 million to NOI in 2025 [4][8]

Travelers walk past a sign pointing toward the Uber ride-share vehicle pickup area at Los Angeles International Airport in Los Angeles on Feb. 8, 2023.Uber is giving commuters new ways to travel and cut costs on frequent rides.The ride-hailing company on Wednesday announced a route share feature on its platform, prepaid ride passes and special deals week for UberOne members at its annual Go-Get showcase.Uber's new features come as the company accelerates its leadership position in the ridesharing market and ...

Smith Douglas Homes (SDHC) Q1 2025 Earnings Call May 14, 2025 08:30 AM ET Speaker0 Thank you for standing by. My name is Tina, and I will be your conference operator today. At this time, I would like to welcome everyone to the Smith Douglas Homes First Quarter twenty twenty five Earnings Call and Webcast. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. Thank you. I would now like to turn the call over to Joe Thomas ...

Miami, New York, Los Angeles, Boston and San Diego are the least affordable markets for renters while Oklahoma City, Okla; Austin, Texas; Columbus, Ohio; Raleigh N.C.; and Minneapolis, Minn., are the most affordable markets Surge in Multi-Family New Construction Has Continued to Ease Rent Rates and Improved AffordabilityAUSTIN, Texas, May 14, 2025 /PRNewswire/ -- Across the U.S. rents are growing more affordable after pandemic era spikes. New data from the Realtor.com® April Rent Report found that renters ...

Not for distribution to U.S. newswire services or dissemination in the United States. TORONTO, May 13, 2025 (GLOBE NEWSWIRE) -- Flagship Communities Real Estate Investment Trust (“Flagship” or the “REIT”) (TSX: MHC.U; MHC.UN) today released its first quarter 2025 results. The financial results of the REIT are prepared in accordance with IFRS® Accounting Standards (“IFRS”) as issued by the International Accounting Standards Board (the “IASB”). Results are shown in U.S. dollars, unless otherwise noted. First ...

Core Insights - LGI Homes, Inc. has opened a new community named Northridge in Montrose, Minnesota, aimed at providing affordable, high-quality homes for buyers [1][3] - The community will feature 27 single-family homes designed for comfort and style, continuing LGI's successful homebuilding efforts in the region [2][5] - Homes in Northridge are priced starting in the mid-$300s, making them accessible for families seeking modern living without high costs [6] Company Overview - LGI Homes is headquartered in The Woodlands, Texas, and operates in 36 markets across 21 states, having closed over 75,000 homes since its inception in 2003 [7] - The company has been recognized for its quality construction and customer service, earning a spot on Newsweek's list of the World's Most Trustworthy Companies [7] - LGI Homes has received numerous workplace awards, including the Top Workplaces USA 2024 Award, reflecting its commitment to employee satisfaction [7] Community Features - Northridge is strategically located 1.5 miles off US-12W, providing easy access to major employers, schools, and recreational areas in Buffalo and the Twin Cities metro [3] - The community includes amenities such as Northridge Park, which features walking trails, open green spaces, a playground, and an ice rink [3][4] - Homebuyers will benefit from the proximity to over 20 parks within a 10-mile radius, as well as various shopping and dining options in nearby Buffalo [4] Home Specifications - The homes at Northridge will include built-in designer upgrades as part of LGI's CompleteHome™ suite, featuring spacious entertaining areas and private owner suites [5] - Buyers can choose from four unique floor plans ranging from 1,157 to 2,317 square feet, with options for three to four bedrooms and two to two-and-a-half bathrooms [5] - Each home will come with attached two- to three-car garages, enhancing convenience for families [5]

Core Viewpoint - OUTFRONT Media Inc. reported a first-quarter 2025 adjusted funds from operations (AFFO) per share of 14 cents, missing the Zacks Consensus Estimate of 15 cents, with no change from the prior-year quarter [1][2] Financial Performance - Quarterly revenues were $390.7 million, missing the Zacks Consensus Estimate by 1.5%, and decreased 4.4% year over year [2] - Billboard revenues totaled $310.7 million, reflecting a year-over-year decline of 1%, attributed to lost billboards and lower proceeds from condemnations, partially offset by higher average revenue per display [2][3] - Transit revenues increased to $77.7 million, up 2.6% from the year-ago quarter, driven by higher average revenue per display [3] - Operating income was $13.9 million, slightly down from $14 million in the previous year [3] - Operating expenses decreased to $221.3 million, down 7.3% year over year, due to lower variable property lease expenses and the impact of lost billboards [4] - Net interest expenses decreased to $36 million, down 13% from $41.4 million in the prior-year period, due to lower average debt balance and interest rates [5] Cash Flow and Balance Sheet - Net cash flow from operating activities for the quarter was $33.6 million, an increase from $30.6 million in the prior-year period [6] - As of March 31, 2025, the company had unrestricted cash of $30.5 million and $494.8 million available under its $500 million revolving credit facility [7] - No shares were sold under the at-the-market (ATM) equity program, with $232.5 million available under the program at the quarter's end [8] Dividend Information - OUTFRONT Media announced a quarterly cash dividend of 30 cents per share, payable on June 30 to shareholders of record as of June 6, 2025 [9]

Paysign (PAYS) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Company Participants Mark Newcomer - Co-Founder, President, CEO & ChairmanJeff Baker - CFO Operator Good afternoon. My name is Chelsea, and I will be your conference operator today. At this time, I would like to welcome everyone to the PaySign, Inc. First Quarter twenty twenty five Earnings Conference Call. After the speakers' remarks, there will be a question and answer session. As a reminder, this conference is being recorded. The comments on t ...

Paysign (PAYS) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Speaker0 Good afternoon. My name is Chelsea, and I will be your conference operator today. At this time, I would like to welcome everyone to the PaySign, Inc. First Quarter twenty twenty five Earnings Conference Call. After the speakers' remarks, there will be a question and answer session. As a reminder, this conference is being recorded. The comments on today's call regarding PaySign's financial results will be on a GAAP basis unless otherwise ...