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FRP Holdings, Inc. (NASDAQ: FRPH) Announces Results for the First Quarter Ended March 31, 2025
Globenewswire· 2025-05-12 20:05
JACKSONVILLE, Fla., May 12, 2025 (GLOBE NEWSWIRE) -- FRP Holdings, Inc. (NASDAQ-FRPH) – FRP Holdings is a real estate asset developer and manager across three differing asset classes including Multifamily, Industrial and Commercial, and Mining and Royalty Lands. Net Income Results - Net income for the first quarter of 2025 was $1,710,000 or $.09 per share versus $1,301,000 or $.07 per share in the same period last year. Executive Summary and Analysis – In the first quarter, the Company saw a 31% improvement ...
Capital Senior Living(SNDA) - 2025 Q1 - Earnings Call Transcript
2025-05-12 16:02
Sonida Senior Living (SNDA) Q1 2025 Earnings Call May 12, 2025 11:00 AM ET Company Participants Jason Finkelstein - Investor RelationsBrandon Ribar - President, CEO & DirectorKevin Detz - EVP & CFORonald Kamdem - Managing Director & Head of US REITs and CRE Research Operator Thank you for standing by. My name is Carly, and I will be your conference operator today. At this time, I would like to welcome everyone to the Senator Senior Living Q1 twenty twenty five Earnings Call. All lines have been placed on mu ...
Saul Centers, Inc. Reports First Quarter 2025 Earnings
Prnewswire· 2025-05-08 20:08
Core Viewpoint - Saul Centers, Inc. reported mixed financial results for the quarter ended March 31, 2025, with total revenue increasing but net income decreasing due to the initial operations of Twinbrook Quarter Phase I [1][2]. Financial Performance - Total revenue for the 2025 Quarter was $71.9 million, up from $66.7 million in the 2024 Quarter, representing an increase of approximately 3.3% [1][12]. - Net income decreased to $12.8 million in the 2025 Quarter from $18.3 million in the 2024 Quarter, a decline of about 30.1% [1][12]. - Net income available to common stockholders fell to $7.0 million, or $0.29 per share, down from $10.8 million, or $0.45 per share, in the previous year [2][12]. Operational Highlights - The company leased 274 residential units at Twinbrook Quarter Phase I as of May 5, 2025 [1]. - Same property revenue increased by $1.8 million, or 2.7%, while same property net operating income decreased by $0.2 million, or 0.5%, compared to the 2024 Quarter [3][16]. - The commercial portfolio was 93.9% leased as of March 31, 2025, down from 94.6% a year earlier, while the residential portfolio was 99.3% leased, up from 98.7% [6]. Revenue Breakdown - Rental revenue for the 2025 Quarter was $70.5 million, compared to $65.3 million in the 2024 Quarter [12]. - Same property net operating income for shopping centers totaled $35.3 million, a decrease of $0.5 million compared to the previous year, primarily due to lower other property revenue and expense recoveries [3][17]. - Mixed-use same property net operating income increased to $12.7 million, up by $0.3 million from the 2024 Quarter, driven by higher residential base rent [3][17]. Funds from Operations (FFO) - FFO available to common stockholders decreased to $24.6 million, or $0.71 per share, from $27.5 million, or $0.80 per share, in the 2024 Quarter [5][13]. - FFO was adversely impacted by $4.4 million due to the initial operations of Twinbrook Quarter Phase I, but increased by $1.5 million when excluding this property [5][13]. Asset and Liability Overview - Total assets as of March 31, 2025, were $2.131 billion, slightly up from $2.126 billion at the end of 2024 [10]. - Total liabilities increased to $1.640 billion from $1.625 billion [10]. - The company operates a portfolio of 62 properties, primarily in the metropolitan Washington, D.C./Baltimore area, generating over 85% of its property net operating income from this region [7].
SPHERE ENTERTAINMENT CO. REPORTS FIRST QUARTER 2025 RESULTS
Prnewswire· 2025-05-08 11:30
NEW YORK, May 8, 2025 /PRNewswire/ -- Sphere Entertainment Co. (NYSE: SPHR) ("Sphere Entertainment" or the "Company") today reported financial results for the first quarter ended March 31, 2025.(1)Recent Sphere operating highlights include: The Company announced new multi-year marketing partnerships with Pepsi and Google; Sphere in Las Vegas is on track to host multiple corporate events in the second quarter, including Hewlett Packard Enterprise for the second consecutive year; Insomniac and Tomorrowland an ...
SITE Centers (SITC) - 2025 Q1 - Earnings Call Presentation
2025-05-07 21:11
Quarterly Financial Supplement FOR THE PERIOD ENDED MARCH 31, 2025 Beachwood, OH 44122 216-755-5500 SITE Centers Corp. For additional information: 3300 Enterprise Parkway Gerald Morgan, EVP and Chief Financial Officer FOR IMMEDIATE RELEASE: SITE Centers Reports First Quarter 2025 Results Beachwood, Ohio, May 7, 2025 - SITE Centers Corp. (NYSE: SITC), an owner of open-air shopping centers located primarily in suburban, high household income communities, announced today operating results for the quarter ended ...
Global Net Lease Reports First Quarter 2025 Results
Globenewswire· 2025-05-07 20:15
- Successfully Closed First Phase of Multi-Tenant Portfolio Sale Resulting in $1.1 Billion of Gross Proceeds; On Track to Close Remaining Multi-Tenant Portfolio Sale by End of Q2’25 - Reduced Net Debt by $833 Million in Q1’25; Improved Net Debt to Adjusted EBITDA to 6.7x - Repurchased 7.9 Million Shares at a Weighted Average Price of $7.50 Totaling $59 Million as of May 2, 2025 - Reaffirms 2025 Guidance NEW YORK, May 07, 2025 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. (NYSE: GNL) (“GNL” or the “Company”), a ...
Proficient Auto Logistics Reports First Quarter 2025 Financial Results
Globenewswire· 2025-05-07 20:14
Core Viewpoint - Proficient Auto Logistics, Inc. reported its financial results for Q1 2025, highlighting ongoing market challenges and the importance of market share growth and integration of recent acquisitions [1][3]. Financial Performance - Total Operating Revenue for Q1 2025 was $95.2 million, a slight increase of 0.7% from Q4 2024 but a decrease of 0.4% from Q1 2024 [2][5]. - Total Operating Loss was $(2.4) million, consistent with Q4 2024 and a significant decline from a profit of $6.5 million in Q1 2024 [2][5]. - Adjusted Operating Income was $1.2 million, up from $1.1 million in Q4 2024 but down from $6.5 million in Q1 2024 [2][5]. - Adjusted Operating Ratio improved slightly to 98.7% from 98.8% in Q4 2024 but was worse than 93.2% in Q1 2024 [2][5]. Unit Deliveries - Total Units delivered were 494,509, reflecting a 5% decrease from Q4 2024 but a 7% increase from Q1 2024 [2][5]. - Company Deliveries accounted for 163,754 units, down from 171,717 in Q4 2024 but up from 150,481 in Q1 2024 [9][12]. Revenue Metrics - Revenue per Unit for Company Deliveries was $185.38, an increase from $180.94 in Q4 2024 but a decrease from $197.38 in Q1 2024 [9][12]. - Revenue per Unit for Subhaulers was $173.14, up from $162.97 in Q4 2024 but down from $194.72 in Q1 2024 [9][12]. Balance Sheet - As of March 31, 2025, the Company had $10.9 million in cash and $79.3 million in debt, resulting in a net debt of approximately $68.4 million [14]. - The net leverage ratio was 1.9x compared to combined adjusted EBITDA of $36.3 million for the trailing twelve months [14]. Acquisitions and Market Position - The Company completed several acquisitions, including Brothers Auto Transport on April 1, 2025, and has integrated five Founding Companies since its IPO in May 2024 [3][4]. - The CEO emphasized the need for successful integration of these acquisitions to counteract market uncertainties [3]. Future Outlook - The Company plans to host an investor conference call to discuss the results and future strategies [15]. - Management is focused on improving operational performance and navigating the challenges posed by the current market environment [3][12].
Armada Hoffler Reports First Quarter 2025 Results
Globenewswire· 2025-05-07 20:05
GAAP Net Loss of $(0.07) Per Diluted Share for the First Quarter Normalized FFO of $0.25 Per Diluted Share for the First Quarter Office Same Store NOI Growth of 9.2% (GAAP) Positive Office Releasing Spreads of 23.3% (GAAP) and 3.7% (Cash) Positive Retail Renewal Spreads of 11.0% (GAAP) and 7.4% (Cash) Approximately 313K Net Rentable Square Feet of New and Renewed Commercial Lease Space Maintained 2025 Full-Year Normalized FFO Guidance Range of $1.00 to $1.10 per Diluted Share VIRGINIA BEACH, Va., May 07, 20 ...
Howard Hughes Holdings Inc. Reports First Quarter 2025 Results
Globenewswire· 2025-05-07 20:01
Strong start to the year affirms expectations for record MPC and Operating Assets performance in 2025 THE WOODLANDS, Texas, May 07, 2025 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE: HHH) (the "Company," "HHH," "Howard Hughes," or "we") today announced operating results for the first quarter ended March 31, 2025. The financial statements, exhibits, and reconciliations of non-GAAP measures in the attached Appendix and the Supplemental Information, as available through the Investors section of our we ...
Sabra(SBRA) - 2025 Q1 - Earnings Call Transcript
2025-05-06 18:02
Sabra Health Care REIT (SBRA) Q1 2025 Earnings Call May 06, 2025 01:00 PM ET Company Participants Lukas Hartwich - Executive Vice President FinanceRick Matros - Director, President, Chairman & CEOTalya Nevo-Hacohen - Executive VP, Chief Investment Officer & TreasurerMichael Costa - Executive VP, CFO & SecretaryElmer Chang - Equity Research AssociateFarrell Granath - Equity Research AssociateJuan Sanabria - Managing DirectorGeorgi Dinkov - Senior Equity Research AssociateRichard Anderson - Managing Director ...