Real estate investment trust (REIT)

Search documents
Veris Residential Declares Third Quarter 2025 Cash Dividend
Prnewswire· 2025-08-25 12:30
JERSEY CITY, N.J., Aug. 25, 2025 /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE) ("Veris Residential" or the "Company"), a forward-thinking, Northeast-focused, Class A multifamily REIT, today announced that the Company's Board of Directors has declared a cash dividend on its common stock for the third quarter 2025 in the amount of $0.08 for the period ending September 30, 2025. The dividend will be paid on October 10, 2025, to shareholders of record as of September 30, 2025.About Veris Residential, Inc. ...
Realty Income Rallies Post-Earnings Miss—Here's What Drove It
MarketBeat· 2025-08-07 14:22
Even after a decline in net earnings per share (EPS), shares of Realty Income Corp. NYSE: O are rallying by roughly a point and a half in the pre-market hours the day after they released their quarterly financials. This can be confusing for investors, as some companies perform well on good earnings or rally on bad earnings. Realty Income TodayORealty Income$56.45 -0.46 (-0.82%) 52-Week Range$50.71▼$64.88Dividend Yield5.72%P/E Ratio51.34Price Target$61.36Add to WatchlistThe reason is that it isn’t always EP ...
Chicago Atlantic Real Estate Finance(REFI) - 2025 Q2 - Earnings Call Presentation
2025-08-07 13:00
Company Overview - Chicago Atlantic is a commercial mortgage REIT and lender focused on state-licensed cannabis operators[11] - The company has closed over 100 cannabis loans across its platform[9] - Since its inception in 2019, the origination team has closed over $28 billion in credit facilities, with $22 billion to cannabis operators[11] - The company is evaluating a near-term pipeline of approximately $650 million in potential loans[9] Portfolio Highlights - The outstanding loan principal is $4219 million with a gross portfolio yield of 168%[9] - The real estate collateral coverage in the current portfolio is 12x[9] - The top 10 loans account for 616% of the total principal outstanding[28] - Floating-rate loans constitute 407% of the portfolio, while fixed-rate loans make up 593%[29] Financial Performance - For the three months ended June 30, 2025, net income was $887 million, or $042 per basic share[75] - Distributable Earnings for the quarter were $1085 million, or $052 per basic share[76] - The company's total assets as of June 30, 2025, were $4552 million[71] Market Opportunity - The U S cannabis industry is estimated to reach $35 billion in retail revenue in 2025 and is projected to grow to $69 billion by 2031[55] - Chicago Atlantic estimates the current value of the U S cannabis debt market to be $12 billion, with the company holding approximately 18% market share[57] - Assuming the company maintains its 18% debt market share, the private credit opportunity could grow to over $4 billion by 2031[58]
ARMOUR Residential REIT, Inc. Announces Pricing of Public Offering of 18,500,000 Shares of Common Stock
Globenewswire· 2025-08-06 11:02
VERO BEACH, Florida, Aug. 06, 2025 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR-PRC) (“ARMOUR” or the “Company”) today announced that it has priced an underwritten public offering of 18,500,000 shares of its common stock for total estimated gross proceeds of approximately $302,475,000 (or approximately $347,846,250 if the option to purchase additional shares is exercised in full). ARMOUR has granted the underwriters a 30-day option to purchase up to 2,775,000 additional shares of its ...
ARMOUR Residential REIT, Inc. Announces Public Offering of 18,500,000 Shares of Common Stock
Globenewswire· 2025-08-05 20:31
Core Viewpoint - ARMOUR Residential REIT, Inc. is initiating an underwritten public offering of 18,500,000 shares of common stock, with an option for underwriters to purchase an additional 2,775,000 shares [1][2]. Group 1: Offering Details - Goldman Sachs & Co. LLC is the sole bookrunner for the offering, while BUCKLER Securities LLC serves as co-manager [2]. - The net proceeds from the offering will be used to acquire additional mortgage-backed securities and other mortgage-related assets [2]. Group 2: Regulatory Information - A registration statement for the offered securities has been filed with the SEC and became effective automatically upon filing [3]. - The offering will be conducted through a prospectus supplement and an accompanying base prospectus, which will be available for free on the SEC's EDGAR website [3]. Group 3: Company Overview - ARMOUR primarily invests in fixed-rate residential, adjustable-rate, and hybrid adjustable-rate residential mortgage-backed securities issued or guaranteed by U.S. Government-sponsored enterprises [6]. - The company is externally managed and advised by ARMOUR Capital Management LP, which is registered with the SEC [6].
LXP Industrial Trust Reports Second Quarter 2025 Results
Globenewswire· 2025-07-30 10:00
Core Insights - LXP Industrial Trust reported solid financial performance for Q2 2025, with significant growth in funds from operations (FFO) and same-store net operating income (NOI) [3][4][6] - The company achieved a milestone by leasing a 1.1 million square foot facility, expected to contribute approximately $3.7 million to FFO in 2025 [3] - LXP sold an industrial asset at a 4.3% cash capitalization rate and used part of the proceeds to repurchase $28 million of floating-rate Trust Preferred Securities at a 5% discount to par value, enhancing its financial position [3][4] Financial Results - Total gross revenues for Q2 2025 were $87.7 million, up from $85.8 million in Q2 2024, driven by acquisitions, rent increases, and stabilized development projects [4] - Net income attributable to common shareholders was $27.5 million, or $0.09 per diluted share, compared to $3.8 million, or $0.01 per diluted share in the same quarter last year [5] - Adjusted Company FFO for Q2 2025 was $47.3 million, or $0.16 per diluted share, slightly up from $46.9 million, or $0.16 per diluted share in Q2 2024 [6] Dividends - LXP declared a regular quarterly common share dividend of $0.135 per share for Q2 2025, paid on July 15, 2025 [7] - A cash dividend of $0.8125 per share of Series C Cumulative Convertible Preferred Stock was also declared, expected to be paid on August 15, 2025 [8] Leasing Activity - The company executed new leases totaling 1.1 million square feet and extended leases for 1.3 million square feet, with significant increases in Base and Cash Base Rents of 41.5% and 46.2%, respectively [15][16] - As of June 30, 2025, LXP's stabilized portfolio was 94.1% leased, and 98.4% leased excluding first-generation space available for lease [16] Balance Sheet and Debt Management - LXP ended the quarter with a net debt to Adjusted EBITDA ratio of 5.8x and total consolidated debt of $1.5 billion, with a weighted-average interest rate of 3.9% [17][18] - The company repurchased $28.1 million of Trust Preferred Securities at a 5% discount to par value, further reducing leverage [17] 2025 Earnings Guidance - LXP estimates net income attributable to common shareholders for the year ending December 31, 2025, to be in the range of $0.13 to $0.15 per diluted common share [19] - The company tightened its estimated Adjusted Company FFO for the year to a range of $0.62 to $0.64 per diluted common share [19]
Safehold Sets Second Quarter 2025 Earnings Release Date and Webcast
Prnewswire· 2025-07-29 20:05
Core Viewpoint - Safehold Inc. will release its financial results for the second quarter of 2025 on August 5, 2025, after market close [1] Financial Results Announcement - The earnings conference call will take place at 5:00 p.m. ET on August 5, 2025, and will be accessible via Safehold's website [2] - Dial-in information for the live call includes a domestic number (888.506.0062) and an international number (973.528.0011) with an access code of 951370 [2] - A replay of the call will be available from 8:00 p.m. ET on August 5 through 12:00 a.m. ET on August 19, 2025, with specific dial-in numbers for replay [2] Company Overview - Safehold Inc. is innovating real estate ownership by enabling owners to unlock the value of the land beneath their buildings [2] - The company established the modern ground lease industry in 2017 and continues to assist owners of various property types in generating higher returns with reduced risk [2] - As a real estate investment trust (REIT), Safehold aims to provide safe, growing income and long-term capital appreciation to its shareholders [2]
UMH Properties (UMH) 2025 Earnings Call Presentation
2025-06-27 07:42
Company Overview - UMH Properties owns and operates 141 manufactured home communities with approximately 26,500 developed homesites across 11 states [9, 19] - The company's rental portfolio has expanded to approximately 10,400 units, a 417 unit increase from March 2024 to March 2025, with an anticipated addition of 800 homes this year [9] - UMH has a sales and finance subsidiary with an approximate $91.6 million loan portfolio [10] Financial Performance (Q1 2025) - Rental and related income increased by 8% [16] - Community Net Operating Income (NOI) increased by 8% [16] - Normalized Funds from Operations (FFO) increased by 25%, with Normalized FFO per diluted share up by 5% [16] - Same Property Community NOI increased by 8% [16] Portfolio Metrics - Portfolio occupancy stands at 87.9% [19] - Home rentals account for 39.9% of sites, with a home rental occupancy of 94.6% [19] - The average monthly site rent is $554 [19] - Gross asset value is $2.0 billion, while gross real estate book value is $1.7 billion [19] Growth and Expansion - UMH has 3,400 existing vacant lots to fill and over 2,400 vacant acres for approximately 9,600 future lots [9] - The company acquired two age-restricted communities in New Jersey with approximately 266 homesites for approximately $24.6 million [16] - UMH anticipates adding 800 rental units in the current year [9] Financial Strategy - UMH raised its quarterly common stock dividend by $0.01, a 4.7% increase to $0.225 per share, or $0.90 annually [16] - The company completed an addition to its Fannie Mae Credit Facility through Wells Fargo Bank, N A, for approximately $101.4 million [107] - The company estimates overall capital needs to fund rental home purchases, notes, expansions, and improvements of approximately $120 - $150 million for the year [105]
Safehold Declares Second Quarter 2025 Common Stock Dividend
Prnewswire· 2025-06-13 11:30
Core Points - Safehold Inc. has declared a common stock dividend of $0.177 per share for Q2 2025, which annualizes to $0.708 per share, payable on July 15, 2025, to shareholders of record on June 30, 2025 [1] Company Overview - Safehold Inc. is transforming real estate ownership by offering a new method for owners to unlock the value of land beneath their buildings, having established the modern ground lease industry in 2017 [2] - The company assists owners of high-quality properties, including multifamily, office, industrial, hospitality, student housing, life science, and mixed-use, in generating higher returns with reduced risk [2] - As a real estate investment trust (REIT), Safehold aims to provide safe, growing income and long-term capital appreciation to its shareholders [2]
1 Top REIT to Buy Hand Over Fist in June for Passive Income
The Motley Fool· 2025-06-05 15:34
Core Viewpoint - Investing in real estate, particularly through Real Estate Investment Trusts (REITs) like VICI Properties, offers a strong opportunity for passive income through dividends and portfolio growth. Group 1: Company Overview - VICI Properties is a leading REIT focused on experiential real estate, owning significant properties such as the Venetian Resort Las Vegas and Chelsea Piers in New York City [4] - The REIT operates under long-term triple net leases with an average remaining term of 40 years, which are designed to escalate rents tied to inflation [5] Group 2: Financial Performance - VICI Properties currently offers a dividend yield of 5.5%, significantly higher than the S&P 500's sub-1.5% yield, and has been growing its dividend at a compound annual rate of 7.4% [2][8] - The REIT pays out approximately 75% of its adjusted funds from operations (FFO) in dividends, maintaining a solid balance sheet with a net leverage ratio of 5.3 times [6][7] Group 3: Growth Opportunities - There is an estimated $400 billion in U.S. gaming properties not currently owned by REITs, presenting a substantial growth opportunity for VICI Properties [10] - The company is also exploring investments in tribal casinos and has formed partnerships for developing non-gaming experiential properties, such as indoor water parks and wellness retreats [11][12] Group 4: Strategic Initiatives - VICI Properties has established strategic relationships to identify unique experiential real estate opportunities, including a recent $300 million mezzanine loan for the development of One Beverly Hills [13] - The REIT's ongoing expansion of its portfolio supports its ability to continue increasing dividends, making it a compelling investment choice for income [14][15]