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AIP Realty Trust Announces Year End 2024 Results
Globenewswire· 2025-04-30 20:33
Financial Performance - AIP Realty Trust reported a decrease in investment property revenue to $552,699 in 2024, down approximately 7% from $595,793 in 2023, primarily due to lease expirations and unit vacancy [3][4] - The Trust's net rental income also fell to $347,523 in 2024 from $398,053 in 2023, while total comprehensive loss increased to $3,243,978 from $2,671,554 [3][4] - Operating expenses rose to $205,176 in 2024 compared to $197,740 in 2023, and Trust expenses significantly increased to $3,887,025 from $3,141,607 [3][4] Property and Investment Activities - The Trust owns a fully leased multi-tenant light industrial flex facility in Lewisville, Texas, which generated the reported investment property revenue [4] - AIP Realty Trust has entered into a securities purchase agreement to acquire AllTrades Industrial Properties, which focuses on developing and managing Serviced Industrial Business Suites [4][8] - The Trust completed a private placement, issuing 8,890,000 Preferred Units for gross proceeds of $4,445,000, which will be used for working capital and corporate purposes [4] Future Developments - AIP Realty has secured exclusive rights to purchase completed and leased facilities from AllTrades, including 13 properties in the Dallas-Fort Worth area [8] - The Trust announced a $300 million credit facility to finance the acquisition of AllTrades facilities, with an initial amount of $100 million [9][10] - A joint venture is being formed to develop new AllTrades SIBS facilities across the Sunbelt states, with the Trust having the option to purchase these facilities at a 10% discount post-completion [11][12] Management and Compensation - The executive management team of AIP Realty is the same as that of AllTrades, with no cash payments made to the management team during 2024 or 2023 [7] - Cash payments of $50,000 were made to each independent trustee in the fourth quarter of 2024, totaling $200,000 [7]
ESGL (ESGL) - Prospectus(update)
2024-02-20 11:50
Registration No. 333-274586 UNITED STATES SECURITIES AND EXCHANGE COMMISSION As filed with the Securities and Exchange Commission on February 20, 2024 Washington, D.C. 20549 AMENDMENT NO. 5 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ESGL HOLDINGS LIMITED (Exact Name of Registrant as Specified in Its Charter) Cayman Islands 4954 Not applicable (State or Other jurisdiction of Incorporation or Organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Ident ...
ESGL (ESGL) - Prospectus(update)
2023-12-05 22:29
As filed with the Securities and Exchange Commission on December 5, 2023 Registration No. 333-274586 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 2 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ESGL HOLDINGS LIMITED (Exact Name of Registrant as Specified in Its Charter) (State or Other jurisdiction of Incorporation or Organization) (Primary Standard Industrial Classification Code Number) Cayman Islands 4954 Not applicable (I.R.S. Employer Identi ...