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Sotherly Hotels Inc. Reports Financial Results for the First Quarter Ended March 31, 2025
Globenewswire· 2025-05-13 10:30
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]
Realty Income Announces 659th Consecutive Common Stock Monthly Dividend
Prnewswire· 2025-05-12 20:05
Company Overview - Realty Income Corporation, known as "The Monthly Dividend Company®," has declared its 659th consecutive common stock monthly dividend of $0.2685 per share, which annualizes to $3.222 per share, payable on June 13, 2025 [1] - As of March 31, 2025, Realty Income has a diversified portfolio of over 15,600 properties across all 50 U.S. states, the U.K., and six other European countries [2] - The company has been recognized as a member of the S&P 500 Dividend Aristocrats® index for increasing its dividend for over 30 consecutive years [2] Dividend Information - The declared monthly dividend of $0.2685 per share reflects the company's commitment to delivering dependable monthly dividends that increase over time [1][2] - The dividend is payable to stockholders of record as of June 2, 2025, demonstrating the company's ongoing financial stability and commitment to its shareholders [1]
FCPT Acquires Three Express Oil Change & Tire Engineers Properties
ZACKS· 2025-05-12 17:25
Group 1 - Four Corners Property Trust (FCPT) announced the acquisition of three Express Oil Change & Tire Engineers properties for $9.5 million, indicating the company's expansion and diversification efforts aimed at future revenue growth [1] - The properties were purchased at a 6.6% cap rate on rent, secured under a long-term, triple-net lease with approximately 19 years remaining, which will help ensure FCPT's long-term cash flows [2] - FCPT has a history of acquisitions, including the purchase of a Caribou Coffee property for $1.4 million in April 2025, also under a long-term, triple-net lease with about eight years remaining [3] Group 2 - In April 2025, FCPT also acquired properties for Chuy's, Outback Steakhouse, and an automotive service property for $2.9 million, $1.6 million, and $5.3 million respectively, aligning with its strategy to build a resilient portfolio [4] - Over the past three months, FCPT's shares have increased by 2.1%, contrasting with a 2.2% decline in the industry [5] - The broader REIT sector includes better-ranked stocks such as Welltower and Cousins Properties, with upward revisions in their 2025 FFO per share estimates [6]
Ryman Hospitality Properties, Inc. Declares Second Quarter Dividend
Globenewswire· 2025-05-09 12:00
NASHVILLE, Tenn., May 09, 2025 (GLOBE NEWSWIRE) -- Ryman Hospitality Properties (NYSE: RHP) (the “Company”), today announced that the Board of Directors has authorized, and the Company has declared a second quarter cash dividend of $1.15 per share of common stock, to be paid on July 15, 2025, to stockholders of record as of June 30, 2025. About Ryman Hospitality Properties, Inc. Ryman Hospitality Properties, Inc. (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes ...
American Healthcare REIT ("AHR") Announces First Quarter 2025 Results; Increases Full Year 2025 Guidance
Prnewswire· 2025-05-08 20:15
IRVINE, Calif., May 8, 2025 /PRNewswire/ -- American Healthcare REIT, Inc. (the "Company," "we," "our," "management," or "us") (NYSE: AHR) announced today its first quarter 2025 results and is increasing full year 2025 guidance.Key Highlights: Reported GAAP net loss attributable to controlling interest of $(6.8) million and GAAP net loss attributable to common stockholders of $(0.04) per diluted share for the three months ended March 31, 2025. Reported Normalized Funds from Operations attributable to common ...
Sila Realty Trust, Inc.(SILA) - 2025 Q1 - Earnings Call Transcript
2025-05-08 16:00
Sila Realty Trust (SILA) Q1 2025 Earnings Call May 08, 2025 11:00 AM ET Speaker0 Good morning, and welcome to Sealant Realty Trust First Quarter twenty twenty five Earnings Conference Call and Webcast. All participants will be in listen only mode. I will now turn the conference over to your host, Miles Callahan, Senior Vice President, Capital Markets and Investor Relations for CELA. You may begin. Speaker1 Good morning, and welcome to Silo Realty Trust's first quarter twenty twenty five earnings conference ...
Whitestone REIT Acquires San Clemente Neighborhood Retail Center in Austin
Globenewswire· 2025-05-08 11:00
HOUSTON, May 08, 2025 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) (“Whitestone” or the “Company”), a neighborhood-focused owner and operator of open-air shopping centers in Texas and Arizona, today announced the acquisition of the 31,832-sqaure-foot, restaurant-anchored San Clemente at Davenport (“San Clemente”) in Austin, Texas, which is just minutes from the Apple and Tesla campuses and situated amidst the bustling hub of the area’s several technology companies. The San Clemente acquisition complements ...
Gladstone Land: Farm Land REIT Struggles After IPO
Seeking Alpha· 2025-05-07 23:57
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or ...
Orchid Island Capital Announces May 2025 Monthly Dividend and April 30, 2025 RMBS Portfolio Characteristics
Globenewswire· 2025-05-07 20:42
Core Points - Orchid Island Capital, Inc. declared a monthly cash dividend of $0.12 per share for May 2025, payable on June 27, 2025, to shareholders of record on May 30, 2025, with an ex-dividend date of May 30, 2025 [1] - The company intends to make regular monthly cash distributions to its common stockholders, adhering to the requirement of distributing at least 90% of its REIT taxable income annually to qualify as a real estate investment trust [2] - As of May 7, 2025, the company had 109,219,994 shares of common stock outstanding, an increase from 108,823,792 shares as of April 30, 2025 [3] RMBS Portfolio Characteristics - Orchid Island Capital focuses on investing in Agency RMBS, including traditional pass-through Agency RMBS and structured Agency RMBS [4] - The RMBS portfolio as of April 30, 2025, includes various fixed-rate mortgage-backed securities with a total face value of $6,205,247 thousand and a fair value of $6,173,059 thousand, representing 99.75% of the portfolio [6][11] - The portfolio is primarily composed of assets from Fannie Mae (61.1%) and Freddie Mac (38.9%) [11] RMBS Valuation Characteristics - The weighted average coupon rate for the RMBS portfolio is 5.40%, with a weighted average maturity of 22 months [6] - The portfolio's sensitivity to interest rate changes is modeled, indicating potential impacts on net income based on shifts in interest rates [6] Borrowings and Counterparty Exposure - As of April 30, 2025, total borrowings amounted to $5,816,599 thousand, with the average debt rate at 4.47% [14] - The company has significant exposure to various counterparties, with J.P. Morgan Securities LLC being the largest at $358,603 thousand [14]
Regency Centers Declares Quarterly Dividends
Globenewswire· 2025-05-07 20:15
JACKSONVILLE, Fla., May 07, 2025 (GLOBE NEWSWIRE) -- Regency Centers Corporation (“Regency Centers”, “Regency” or the “Company”) (NASDAQ: REG) announced today that the Company’s Board of Directors (the “Board”) declared quarterly cash dividends on Regency’s common stock, Series A preferred stock, and Series B preferred stock. On May 6, 2025, the Board declared a quarterly cash dividend on the Company’s common stock of $0.705 per share. The dividend is payable on July 2, 2025, to shareholders of record as of ...