Shares of SL Green Realty (SLG) have risen 17.7% in the past month compared with the industry's upside of 5.3%.Last month, SLG reported first-quarter 2025 funds from operations (FFO) per share of $1.40, which outpaced the Zacks Consensus Estimate of $1.27. The results reflected improved average rental rates on the Manhattan office leases signed in the period and higher same-store cash net operating income (NOI).Image Source: Zacks Investment ResearchFactors Behind SLG Stock’s Price Surge: Will This Trend La ...

Core Points - Lamar Advertising (LAMR) has declared a quarterly cash dividend of $1.55 per share, payable on June 30, 2025, to shareholders of record as of June 19, 2025 [1] - The company anticipates total quarterly distributions to stockholders in 2025 to reach at least $6.20 per common share [1] Dividend Growth - Lamar has increased its dividend nine times over the past five years, showcasing a commitment to solid dividend payouts [2] - The five-year annualized dividend growth rate stands at 24.17%, indicating strong growth potential [2] Stock Repurchase Program - The company has completed $150 million in stock repurchases and has $100 million remaining under the current program [3] - An increase of $150 million to the stock repurchase program has been approved, raising the total available for repurchase to $250 million [3] Stock Performance - Over the past three months, shares of Lamar Advertising have decreased by 7.2%, while the industry has remained flat with a 0.0% change [4] Comparison with Other REITs - Other REITs with better rankings include CareTrust REIT (CTRE) and W.P. Carey (WPC), both currently rated as Zacks Rank 2 (Buy) [5] - The Zacks Consensus Estimate for CTRE's 2025 FFO per share is $1.78, reflecting an 18.7% year-over-year growth [6] - WPC's full-year FFO per share estimate is $4.88, indicating a 3.8% increase from the previous year [6]

Core Viewpoint - Kimco Realty is strategically positioned to benefit from its grocery-anchored retail properties in high-growth areas, although it faces challenges from increased e-commerce adoption and high-interest expenses [1][10]. Financial Performance - In Q1 2025, Kimco reported funds from operations (FFO) per share of 44 cents, exceeding the Zacks Consensus Estimate of 42 cents, reflecting a 12.8% increase year-over-year [2]. - Interest expenses rose by 7.8% year-over-year to $80.4 million in Q1 2025, impacting overall financial performance [11]. Portfolio Strength - Kimco's portfolio consists of premium shopping centers located in major metropolitan areas, with 82% of annual base rent (ABR) derived from these top markets [3]. - The company executed 583 leases totaling 4.4 million square feet in Q1 2025, indicating strong leasing activity driven by its grocery-anchored properties [4]. Tenant Base and Cash Flow - The tenant base is well-diversified, with 82% of pro rata ABR coming from national and regional tenants, which supports stable cash flows [5]. - The presence of necessity-based tenants and omnichannel retailers enhances the resilience of cash flows amid changing retail dynamics [5]. Financial Health - Kimco exited Q1 2025 with $2 billion in immediate liquidity and a consolidated weighted average debt maturity profile of 8.2 years, indicating a strong balance sheet [6]. - Approximately 94.8% of Kimco's properties are unencumbered, allowing for favorable borrowing conditions [6]. Dividend Policy - Kimco has consistently increased its dividend, with a 4.2% rise to 25 cents per share announced alongside its Q3 2024 earnings, reflecting a five-year annualized growth rate of 15.31% [7]. Market Position - Despite a 1.6% decline in share price, Kimco's performance is better than the industry's 5.7% drop over the past three months, with analysts optimistic about its future FFO estimates [8]. Challenges - The shift towards e-commerce, particularly in the grocery sector, poses a risk to Kimco's ability to raise rental rates and fill vacancies [10]. - High-interest rates continue to be a concern, with total consolidated debt at approximately $8.02 billion as of March 31, 2025, affecting the company's purchasing and development capabilities [11].

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]

EDMONTON, Alberta, May 13, 2025 (GLOBE NEWSWIRE) -- Melcor Developments Ltd. ("Melcor") (TSX: MRD), an Alberta-based real estate development and asset management company, today reported results for the first quarter ended March 31, 2025. The first quarter Management Discussion & Analysis (MD&A) and Condensed Interim Financial Statements are available on our website (www.melcor.ca) under Investors, or on SEDAR+ (www.sedarplus.ca). Timothy Melton, Melcor’s Executive Chair and Chief Executive Officer, comment ...

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 - Simon Property Group, Inc. (SPG) reported a first-quarter 2025 real estate funds from operations (FFO) per share of $2.95, exceeding the Zacks Consensus Estimate of $2.91, and reflecting a year-over-year increase from $2.91 [1] - The company generated revenues of $1.47 billion in the quarter, slightly missing the Zacks Consensus Estimate by 0.67%, but showing a 2.1% increase year over year [2] Financial Performance - Revenues from lease income amounted to $1.37 billion, which is 5% higher than the previous year's figure, surpassing the estimate of $1.33 billion [4] - Occupancy for the U.S. Malls and Premium Outlets portfolio was reported at 95.9%, an increase of 40 basis points from 95.5% a year ago, although it fell short of the projected 96.5% [4] - The base minimum rent per square foot for the U.S. Malls and Premium Outlets portfolio rose to $58.92, up 2.4% from $57.53 a year ago [5] - Domestic property net operating income (NOI) increased by 3.4% year over year, while portfolio NOI rose by 3.6% [5] Strategic Developments - The company enhanced its portfolio by acquiring The Mall Luxury Outlets in Italy and successfully opening Jakarta Premium Outlets in Indonesia [3][6] - Jakarta Premium Outlets features 302,000 square feet of retail space with global and local brands [6] Balance Sheet and Liquidity - As of the end of the first quarter 2025, Simon Property had $10.1 billion in liquidity, which includes $1.9 billion in cash and $8.2 billion in available capacity under revolving credit facilities [7] Guidance and Outlook - For 2025, Simon Property reaffirmed its real estate FFO per share guidance in the range of $12.40-$12.65, with the Zacks Consensus Estimate of $12.54 falling within this range [8] Dividend Information - The company announced a quarterly common stock dividend of $2.10 for the second quarter of 2025, payable on June 30 to shareholders of record as of June 9, 2025 [9]

Core Viewpoint - The Macerich Company reported a solid performance in Q1 2025, with funds from operations (FFO) per share exceeding expectations, driven by strong leasing activity despite a decline in occupancy and rising expenses [1][2]. Financial Performance - FFO per share was 33 cents, surpassing the Zacks Consensus Estimate of 31 cents, and remained unchanged year over year [1]. - Quarterly revenues reached $249.2 million, an increase from $208.8 million in the same quarter last year, and exceeded the Zacks Consensus Estimate of $218.9 million [2]. - Same-center net operating income (NOI) rose 0.9% year over year to $191.3 million, slightly above the expected 0.8% increase [4]. Leasing Activity - The company signed leases for 2.6 million square feet in Q1, reflecting a 156% increase year over year, primarily due to strong renewal leasing volume of 2.3 million square feet [3]. - Base rent re-leasing spreads were 10.9% higher than expiring base rent, marking the 14th consecutive quarter of positive spreads [4]. Occupancy and Expenses - Portfolio occupancy decreased to 92.6% as of March 31, 2025, down from 93.4% a year earlier, attributed to temporary and holiday specialty tenants [5]. - Year-over-year increases in expenses included a 14.8% rise in shopping center and operating expenses to $85.2 million, an 8.3% increase in management companies' operating expenses to $20.8 million, and a 6.6% rise in leasing expenses to $11.2 million [5]. Portfolio Activity - The company completed the sale of Wilton Mall for $25 million and SouthPark for $11 million in April 2025 [6]. Balance Sheet - As of May 12, 2025, Macerich had approximately $995 million in liquidity, including $650 million available on its revolving line of credit [7]. Market Position - Macerich currently holds a Zacks Rank 3 (Hold) [8].

Core Viewpoint - Sotherly Hotels Inc. reported strong financial results for Q1 2025, with significant increases in net income and total revenues compared to the same period in 2024, despite some challenges in the hotel industry. Financial Performance - Total revenues for Q1 2025 were approximately $48.3 million, up from approximately $46.5 million in Q1 2024, representing a growth of 3.8% [2][3] - Net income attributable to common stockholders increased from a loss of approximately $0.7 million in Q1 2024 to income of approximately $2.7 million in Q1 2025, a change of about $3.4 million [2][3] - EBITDA for Q1 2025 was approximately $15.0 million, compared to approximately $10.8 million in Q1 2024, marking a significant increase [2][3] Key Operating Metrics - RevPAR for the composite portfolio increased by 5.0% to $129.74 in Q1 2025 from $123.59 in Q1 2024, driven by a 3.9% increase in occupancy to 68.8% [2][3] - Hotel EBITDA rose to approximately $12.9 million in Q1 2025, up from approximately $12.4 million in Q1 2024, reflecting a 4.5% increase [2][3] Balance Sheet and Liquidity - As of March 31, 2025, the company had approximately $32.8 million in available cash, with $21.3 million reserved for various expenses [5] - The company had outstanding debt of approximately $317.6 million at a weighted average interest rate of 5.88% [5] 2025 Outlook - The company provided guidance for 2025, projecting total revenues between $183.4 million and $188.2 million, with a net loss attributable to common stockholders ranging from $8.7 million to $7.8 million [6] - The guidance reflects macroeconomic uncertainties and potential volatility in hotel demand [6] Preferred Dividends - The company announced quarterly cash dividends for its preferred stock series, with payments scheduled for June 16, 2025 [3]