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Kite Realty Group Publishes Annual Corporate Responsibility Report
Globenewswire· 2025-06-25 20:25
Core Insights - Kite Realty Group (KRG) released its annual Corporate Responsibility Report, highlighting its strategy and initiatives in corporate responsibility practices and policies [1][2] - The report showcases progress, measurements, and case studies related to the company's goals and operations [1] Corporate Responsibility Initiatives - KRG emphasizes its commitment to sustainability, aiming to enhance long-term performance and create value for stakeholders [2] - Key highlights from the 2024 report include a 13.7% reduction in Scope 1 and 2 greenhouse gas emissions year-over-year and a cumulative reduction of 31.5% from the 2019 baseline [6] - Energy usage decreased by 11.5% and water consumption by 7.1% year-over-year, with a total elimination of 3,993 metric tons of CO2e [6] - The company has planted over 50,000 trees as part of its Project Green reforestation effort [6] - KRG increased its IREM certified property count to 99, representing 55% of its retail operating properties, and achieved Gold Level Green Lease Leader recognition for five consecutive years [6] - Approximately 3,600 team member hours were dedicated to the Volunteer Time Off program, and 185 community events were hosted throughout the KRG portfolio [6] Company Overview - Kite Realty Group is a real estate investment trust (REIT) focused on owning and operating open-air shopping centers and mixed-use assets, primarily grocery-anchored [4] - The portfolio consists of 180 U.S. open-air shopping centers and mixed-use assets, totaling approximately 27.8 million square feet of gross leasable space as of March 31, 2025 [4] - KRG has over 60 years of experience in real estate development, construction, and operation, continuously optimizing its portfolio to maximize shareholder value [4]
CTO Realty Growth Announces Second Quarter 2025 Earnings Release and Conference Call Information
Globenewswire· 2025-06-25 20:05
WINTER PARK, Fla., June 25, 2025 (GLOBE NEWSWIRE) -- CTO Realty Growth (NYSE: CTO) (the “Company”) announced today that it will report its financial and operating results for the second quarter of 2025 after the market closes on Tuesday, July 29, 2025. A conference call to discuss its financial and operating results is scheduled for Wednesday, July 30, 2025 at 9:00 AM ET. A live webcast of the call will be available on the Investor Relations page of the Company’s website at www.ctoreit.com or at the link pr ...
Alpine Income Property Trust Announces second Quarter 2025 Earnings Release and Conference Call Information
Globenewswire· 2025-06-25 20:05
Core Viewpoint - Alpine Income Property Trust, Inc. will report its financial and operating results for Q2 2025 on July 24, 2025, with a conference call scheduled for July 25, 2025 [1]. Company Overview - Alpine Income Property Trust, Inc. is a publicly traded real estate investment trust (REIT) focused on delivering attractive risk-adjusted returns and dependable cash dividends by investing in single tenant net leased commercial properties, primarily leased to high-quality publicly traded and credit-rated tenants [3]. Event Details - A live webcast of the conference call will be available on the Company's Investor Relations page, and participants are encouraged to register and dial in at least fifteen minutes before the start time [2]. - A replay of the earnings call will be archived and accessible online through the Investor Relations section of the Company's website [2].
Equinix Stock Rises 11.8% Quarter to Date: Will the Trend Last?
ZACKS· 2025-06-25 17:36
Key Takeaways EQIX stock is up 11.8% QTD, outpacing the real estate market's 2.2% gain. With openings and acquisitions, EQIX's IBX data center facilities reach 270 in Q1 2025. In Q1 2025, EQIX maintained $7.6B of liquidity. Raised dividends five times over the past five years.Shares of Equinix, Inc. (EQIX) have gained 11.8% in the quarter-to-date period compared with the real estate market’s growth of 2.2%.The robust demand for data center infrastructure amid enterprises’ growing reliance on technology an ...
CTO Realty Growth, Inc. (CTO) Shares Decline Amid Wolfpack Report– Hagens Berman
GlobeNewswire News Room· 2025-06-25 17:26
Core Viewpoint - The share price of CTO Realty Growth, Inc. significantly declined following allegations from Wolfpack Research regarding misleading statements about dividend sustainability and questionable financial practices [1]. Group 1: Allegations and Investigations - Hagens Berman, a national shareholders rights firm, has initiated an investigation into CTO Realty Growth, Inc. to determine if the company violated securities laws and is urging affected investors to report their losses [2]. - The investigation focuses on CTO's claims of adhering to accounting rules and the use of non-GAAP accounting metrics, particularly concerning the quality of its real estate portfolio and reported asset values [3][5]. Group 2: Financial Distress and Management Practices - Wolfpack Research's report indicates that CTO's management has misrepresented the quality of its properties, revealing that some are in severe financial distress and that the company relies on dilution to cover a $38 million dividend shortfall [4]. - The report criticizes CTO's definition of Adjusted Funds From Operation (AFFO), claiming it excludes recurring capital expenditures, which is not consistent with industry peers, and suggests that management's compensation is inflated based on this metric [5]. Group 3: Whistleblower Information - Whistleblowers with non-public information about CTO Realty Growth are encouraged to assist in the investigation, with potential rewards under the SEC Whistleblower program for original information leading to successful recovery [6].
American Tower: Market Is Complacent On Risk Of Disruption From Satellite Internet
Seeking Alpha· 2025-06-25 17:13
Group 1 - American Tower Corporation (NYSE: AMT) has experienced a challenging 2024 due to volatility in international operations and domestic consolidation churn [1] - The company is now finding its footing again, indicating a potential recovery phase [1] Group 2 - The article highlights the investment approach of Julian Lin, who focuses on identifying undervalued companies with secular growth potential [1] - Lin emphasizes the importance of strong balance sheets and management teams in sectors with long growth runways [1]
Credit Rating For The Unrated REITs (Part 3): Modiv Industrial
Seeking Alpha· 2025-06-25 16:19
Group 1 - The article provides a detailed analysis of Modiv Industrial, Inc.'s financial position and evaluates the advantages and risks of its preferred stock [1] - Modiv Industrial, Inc. is traded on the NYSE under the symbol MDV, while its preferred stock is traded as MDV.PR.A [1]
Should You Retain Mid-America Stock in Your Portfolio Now?
ZACKS· 2025-06-25 16:00
Core Viewpoint - Mid-America Apartment (MAA) is positioned to benefit from a diversified portfolio focused on the Sun Belt region, with redevelopment and technology initiatives expected to enhance margins, although high rental unit supply and interest expenses pose challenges [2][9]. Group 1: Company Strengths - MAA has a well-balanced and diverse portfolio across the Southeast, Southwest, and Mid-Atlantic regions, which mitigates risks from economic downturns and supports consistent revenue generation. The projected average physical occupancy for 2025 is 95.8% [3]. - The company is actively pursuing opportunistic investments to optimize its product mix, with seven communities under development, totaling 2,312 units at a projected cost of $851.5 million [4]. - MAA is focused on three internal investment initiatives: interior redevelopments, property repositioning, and Smart Home installations, with expenditures of $6.7 million, $4.1 million, and $3.2 million respectively in Q1 2025, aimed at enhancing portfolio quality [5]. - The company maintains a solid balance sheet with low leverage, having $1.0 billion in cash and available credit as of March 31, 2025, and a low net debt/adjusted EBITDAre ratio of 4 [6]. - MAA has demonstrated a commitment to dividend payouts, increasing its dividend seven times over the past five years, with a five-year annualized growth rate of 11.12% [7]. Group 2: Company Challenges - Despite signs of recovery in lease rates, MAA anticipates supply pressures to persist until late 2025, which may hinder its ability to attract renters and pressure rent growth [8]. - The company faces a significant debt burden, with total debt amounting to $5 billion as of March 31, 2025, and an estimated 8% year-over-year increase in interest expenses for 2025 [10]. - MAA's shares have declined by 2.3% over the past month, underperforming the industry, and the downward revision trend for 2025 FFO per share suggests limited upside potential in the near term [11].
Primary win by pro-rent freeze Mamdani knocks shares of Flagstar bank on NYC market exposure
CNBC· 2025-06-25 15:55
New York mayoral candidate, State Rep. Zohran Mamdani (D-NY) speaks to supporters during an election night gathering at The Greats of Craft LIC on June 24, 2025 in the Long Island City neighborhood of the Queens borough in New York City.Mamdani, who is now the likely favorite to win the general election in November, promised to freeze rent increases in stabilized units during his campaign. The New York City mayor has the power to appoint representatives to the regulatory board that oversees rent-controlled ...
Macerich Expands Portfolio With Crabtree Acquisition in Raleigh
ZACKS· 2025-06-25 15:51
Core Insights - The Macerich Company (MAC) has acquired Crabtree Mall, a Class A retail center in Raleigh, NC, for $290 million, which aligns with its 2028 target funds from operations (FFO) under the Path Forward Plan [1][6] - The acquisition is expected to yield approximately 11% based on estimated 2025 NOI and around 12.5% including current leases signed but not yet opened, with rent expected to start in 2027 [2] - Crabtree Mall is the largest mall in North Carolina's Research Triangle Area, generating annual sales of about $429 million and attracting over 8.7 million visitors annually [3] Financial Strategy - The acquisition was funded using cash on hand and $100 million from a revolving credit line, with plans to repay the borrowing within 30 days from an expected extension of a $160 million two-year term loan [4] - The company aims to maintain its deleveraging targets under the Path Forward Plan while enhancing operational performance [4][6] Strategic Outlook - MAC plans to invest approximately $60 million in redevelopment and leasing capital to maximize the performance of Crabtree Mall [2][8] - The acquisition is part of MAC's strategy to expand its portfolio with higher-growth properties, which is expected to foster future revenue growth [6] Market Performance - MAC's shares have increased by 10.6% over the past month, outperforming the industry average rise of 3.6% [7]