Vilnius, Lithuania, April 30, 2025 (GLOBE NEWSWIRE) -- SUTNTIB AB Tewox (the Company) publishes its factsheet, providing information about Company’s financial indicators and key events as at 31 March 2025.2025 Q1 KEY EVENTSThe 10 mEUR Tewox bond emission was fully redeemed, with the final repayment of 7.5 mEUR made in January.The third tranche of 11 mEUR was issued, marking the completion of the 35 mEUR bond program offered under public prospectus.A construction permit was received for a grocery store in Vi ...

Financial Data and Key Metrics Changes - The company reported FFO per share for Q1 2025 at $1.64, in line with forecasts [39] - The first quarter leasing volume was over 1,100,000 square feet, which is 25% higher than Q1 2024 and 33% higher than the previous four quarters [6][7] - The company narrowed its 2025 FFO guidance range to $6.80 to $6.92 per share, reflecting increased confidence in leasing activity [43][44] Business Line Data and Key Metrics Changes - The leasing activity included 467,000 square feet on vacant space and 561,000 square feet related to known expirations in 2025, indicating a focus on near-term exposure [20] - The development pipeline saw a significant increase in pre-leasing, with a jump from 50% to 62% pre-leased on the development pipeline [24] - The company signed a 160,000 square foot lease at 1050 Winter Street, contributing to the repositioning of the building [42] Market Data and Key Metrics Changes - The office sales volume in Q1 was $7.6 billion, down approximately 14% from the previous year, indicating market volatility [11] - Direct vacancy for premier workplaces is just over 13%, compared to 19% for the broader market, highlighting the strength of high-quality assets [11] - The overall mark to market on cash basis was up about 5%, with increases in Boston and flat conditions in New York [27] Company Strategy and Development Direction - The company is focusing on high-quality assets, with a strategy to pivot from life science development to office use in response to market demand [17][22] - New developments include a 70-unit multifamily project in Jersey City and a 930,000 square foot office project at 343 Madison, with significant interest from potential tenants [13][15] - The company is evaluating additional asset monetization opportunities, including the sale of land sites expected to generate approximately $250 million [15] Management's Comments on Operating Environment and Future Outlook - Management expressed concerns about potential impacts from tariffs and federal funding cuts, but noted that client demand has remained stable [7][10] - The company anticipates that leasing demand may slow if a recession occurs, but expects interest rates to decrease, which could benefit occupancy [10] - Management remains optimistic about future occupancy growth, with only 3.9% portfolio lease rollover in 2026 and 5.1% in 2027 [18] Other Important Information - The company completed over $4.2 billion in financing activity, demonstrating strong access to capital [7] - The company is actively engaged in the debt capital markets, with significant refinancing and new loans completed in Q1 [38][39] - The company is experiencing increased foot traffic and retail activity in certain areas, indicating a positive trend in local markets [10] Q&A Session Summary Question: Regarding 343 Madison, how is the company sizing up the start and pre-lease? - The company aims to pre-lease the building, targeting a yield of 8% and will make a decision on moving forward by July [46][50] Question: How confident is the company in the 4 million square feet leasing plan for 2025? - The company is more than halfway to its leasing goal and is confident in occupancy growth as many leases will commence in 2025 and 2026 [54][57] Question: What are the trends in the life science market? - The company has seen little new demand for lab space but is experiencing interest from life science organizations seeking office space [70][71] Question: What is the outlook for West Coast leasing activity? - The company notes strong activity from law firms and financial services, with smaller AI companies also looking for space [78][80] Question: How is the company addressing leverage and funding? - The company acknowledges a slight increase in leverage but expects it to moderate as developments come online and income increases [82][85]

THE WOODLANDS, Texas, April 30, 2025 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE: HHH) (the “Company” or “HHH”) today further extended its previously announced standstill agreement with Pershing Square Capital Management L.P. (“Pershing Square”). The standstill agreement will now remain in effect until May 30, 2025, unless further extended. There can be no assurance that discussions with Pershing Square will result in any particular outcome, and HHH does not intend to comment further on these matt ...

Core Points - Hepsor AS reported a consolidated sales revenue of 8.2 million euros for Q1 2025, a significant increase from 2.3 million euros in Q1 2024 [1] - The Group's net loss for Q1 2025 was 0.1 million euros, an improvement from a net loss of 1.0 million euros in Q1 2024 [2] - The company plans to distribute 1.0 million euros in dividends to shareholders in 2025, resulting in a dividend yield of 6.9% based on the share price as of 31 March 2025 [2] Development Projects - Hepsor continued construction and sales of its development projects, with customer interest remaining stable [3] - The Annenhof Mājas project in Latvia saw 60% of its apartments sold by the end of March 2025 [3] - The company handed over 42 homes to customers in Q1 2025, compared to 12 homes in the same period of 2024 [4] Leasing and Commercial Developments - The StokOfiss 34 project in Riga has seen lease agreements cover 47% of its total rental area as of 31 March 2025, up from 6% in 2024 [5] - The P113 Health Centre office building has achieved an 82% leasing rate as of 31 March 2025 [6] Future Plans - Hepsor plans to start construction on four new residential development projects in 2025, including 49 new homes at Manufaktuuri 12 in Tallinn [8] - The company signed a shareholders' agreement to sell a 50% stake in Hepsor SOF OÜ, which will acquire five properties valued at 9.0 million euros [7] - The cooperation project with EfTEN in Lasnamäe aims to construct approximately 300 apartments, with the first stage of construction planned to begin in 2026 [7] Financial Position - As of 31 March 2025, total assets were reported at 83.9 million euros, a decrease from 96.8 million euros in March 2024 [9] - Current liabilities decreased to 24.7 million euros from 44.7 million euros in March 2024 [9] - Total equity stood at 21.6 million euros, slightly down from 21.2 million euros in March 2024 [11]

Core Insights - The event "Living in Qinhuai, Consumer Benefits for All" was successfully held, showcasing nine premium residential and commercial land plots in Qinhuai District, which are set to be released in batches [1] - The local government emphasizes the importance of land sales and industrial development to enhance urban value and service quality, aiming to create a modern development narrative for Qinhuai [1] - The event attracted numerous well-known real estate companies, offering various promotional activities to stimulate consumer interest and engagement [2] Group 1: Event Overview - The event was organized by the Qinhuai District People's Government and the South New Town Development Management Committee, with support from various local agencies and companies [3] - The event provided a platform for investors and consumers to engage, fostering collaboration and injecting new vitality into Qinhuai's high-quality development [3] Group 2: Real Estate and Consumer Engagement - Real estate companies showcased premium properties and offered incentives such as cash subsidies and discounts to encourage purchases [2] - The event featured a diverse range of consumer goods, including automobiles and home appliances, with significant discounts and trade-in promotions available [2] - Financial institutions presented various consumer loan products to assist buyers in managing their finances, enhancing the overall consumer experience [2]

Core Insights - The recovery from market lows continued in Q1 2025, with 25 contracts signed under the law of obligation, up from 16 in Q1 2024, driven by projects like Iseära phase II and Regati [1][3][31] - The average weekly sales ratio remained stable at around 1.9%, exceeding 2.5% in March, compared to a long-term average of 1.5–2.0% [2] - The company reported a net loss of EUR 705 thousand in Q1 2025, attributed to low sales volume and lower-than-average profitability, with revenue of EUR 1,931 thousand [4][11] Financial Performance - Cash and cash equivalents increased by EUR 4,011 thousand to EUR 9,916 thousand, while total assets grew by EUR 10,512 thousand to EUR 88,810 thousand [5] - Total borrowings rose by EUR 10,427 thousand to EUR 57,684 thousand, with EUR 6,808 thousand in bank loans disbursed for project financing [6][7] - The company redeemed EUR 2,000 thousand in bonds and reduced current borrowings by EUR 4,367 thousand to EUR 2,039 thousand [7] Project Developments - No new construction completions occurred in Q1 2025, with only 5 homes and 1 commercial space handed over from previous developments [4] - The company has 104 contracts for homes scheduled for completion in 2025, with a total revenue value of EUR 40.7 million [3][31] - A public offering of green bonds in March 2025 was oversubscribed by 2.1 times, raising EUR 6,200 thousand [16] Market Environment - The 6-month Euribor rate fell to 2.39% by the end of Q1 2025, continuing a downward trend [20] - Inflation in Estonia was 4.4% in Q1 2025, higher than the euro area average, with forecasts suggesting inflation could reach 6.6% for the year [22] - The number of apartment transactions in Tallinn decreased by 15.8% from the previous quarter but showed an 18.3% increase year-on-year [24] Future Outlook - The company expects continued recovery in demand for residential real estate, with potential revenue of up to EUR 75 million from 194 residential and commercial units in 2025 [27][28] - Most planned revenue and profit for 2025 will be generated in the second half of the year, with ongoing efforts in pre-sales and new project developments [29][32] - The company is actively seeking new sites and negotiating acquisitions to expand its development portfolio [33]

Group 1 - The core viewpoint of the article highlights the significant activity in the Hefei real estate market ahead of the May Day holiday, with multiple new projects being launched and aggressive pricing strategies being employed to attract buyers [1][4]. - On April 25, Hefei's main urban area registered 10 new projects with a total of 684 housing units, indicating a surge in market activity [1][2]. - The average price of the new listings shows that 8 out of 10 projects have an average price above 20,000 yuan per square meter, establishing this price point as a basic threshold for home purchases in Hefei [3][4]. Group 2 - Many projects are offering substantial discounts, with some properties being sold at prices as low as 67% of their original price, making them attractive options for potential buyers [5][10]. - Notable projects like Vanke's Yueying Qingchuan have seen successful sales, with both initial and subsequent launches selling out quickly [6][8]. - Developers are also employing strategies such as low down payments and promotional events to entice buyers, with some projects offering as low as 30,000 yuan as a down payment [13][14]. Group 3 - The upcoming May Day holiday is expected to be a competitive period for the Hefei real estate market, with 54 new projects set to enter the market, indicating a significant increase in supply [24][26]. - Several new developments are scheduled to open in May, including projects with various unit sizes and amenities aimed at different buyer segments [14][22]. - The total number of new housing units expected to be launched in the next six months is approximately 10,880, suggesting a robust supply pipeline [24][28]. Group 4 - Recent statistics indicate a 23.21% increase in housing transactions in Hefei from April 1 to April 27, 2025, compared to the same period in 2024, suggesting a positive trend in market activity [28][30]. - The price index for new residential properties has shown signs of stabilization and recovery, with expectations for continued improvement in the coming months [30][32]. - Government initiatives aimed at stabilizing the real estate market have been reiterated, reflecting a strong commitment to support the sector [33][34].

Financial Performance - Hepsor's consolidated sales revenue for Q1 2025 was €8.2 million, a significant increase from €2.3 million in Q1 2024, representing a growth of approximately 257% [1] - The Group's net loss for Q1 2025 was €0.1 million, improved from a net loss of €1.0 million in Q1 2024, with the net loss attributable to the owners of the parent at €0.2 million compared to €0.9 million in the previous year [1] Dividend Proposal - The Management Board proposes to distribute €1.0 million in dividends to shareholders in 2025, equating to €0.26 per share, which results in a dividend yield of 6.9% based on the share price as of March 31, 2025 [2] Development Projects - In Q1 2025, Hepsor handed over 42 homes to customers, a notable increase from 12 homes in the same period of 2024, with 26 homes delivered in Tallinn and 16 in Riga [4] - The Annenhof Mājas development project in Latvia saw 60% of its apartments sold by the end of March 2025, indicating strong customer interest [3] - The construction of StokOfiss 34, a multifunctional commercial building in Riga, is progressing, with lease agreements signed for 47% of the total rental area as of March 31, 2025 [5] Future Plans - Hepsor plans to start construction on four new residential development projects in 2025, including 49 new homes at Manufaktuuri 12 in Tallinn and a total of 227 new homes in Riga [8][9] - A shareholders' agreement was signed in April 2025, resulting in the sale of a 50% stake in Hepsor SOF OÜ to the EfTEN Special Opportunities Fund, which will acquire five properties valued at €9.0 million [7] Financial Position - As of March 31, 2025, total assets amounted to €83.9 million, a decrease from €96.8 million in the same period of 2024 [10] - Current liabilities were reported at €24.7 million, down from €44.7 million a year earlier, while total liabilities stood at €62.3 million [10]

Core Insights - The recent land market in Changsha is very active, with the supply cloud platform releasing a "Quality Land Recommendation Manual" featuring 15 prime plots, particularly the popular Binjiang C7/C8 and Guanshaling low-density plots, attracting significant attention from developers and homebuyers [1][2] Group 1: Key Land Plots - The Binjiang C7/C8 plots are highly sought after due to their prime riverside location, currently undergoing "commercial to residential" regulatory adjustments, with a high residential ratio and potential for river view properties [1] - The average price of surrounding luxury projects has already exceeded 20,000 yuan per square meter, and it is anticipated that the average price for the completed Binjiang plots could surpass 30,000 yuan per square meter [1] - The Guanshaling low-density plot, located at the intersection of Gushan Road and the West Second Ring Road, has a low plot ratio of only 1.1, making it likely to develop into villa products, which are rare in the city center [1][2] Group 2: Market Implications - The introduction of these 15 plots, especially the Binjiang and Guanshaling areas, indicates a strategic move to enhance the urban landscape and attract high-end improvement demand [2] - The development of these plots will provide more quality options for homebuyers in the future, reflecting a positive trend in the real estate market [2]

Core Insights - The Ningbo real estate market experienced a cumulative transaction amount of 40.714 billion yuan from January to April 2025, showing a "rise then fall" trend, with April seeing a transaction amount of 3.785 billion yuan [1] - The average transaction price in April was 15,459 yuan per square meter, providing a more suitable purchasing window for first-time homebuyers [1] - Quality developers such as Jiangshan Wanli and Greentown China continue to lead the market, indicating strong recognition for premium projects [1] - The supply pace has moderately slowed, stabilizing the clearing cycle at 25.75 months, laying a foundation for stable market development [1] Sales Performance - The top 20 real estate companies in Ningbo achieved a total sales amount of 35.46 billion yuan and a total sales area of 1.304 million square meters from January to April 2025 [4] - Jiangshan Wanli led with a sales amount of 7.55 billion yuan, followed by Ningbo Rail Transit (5.94 billion yuan) and Greentown China (4.05 billion yuan) [4] - The top five companies contributed a total of 22.31 billion yuan, accounting for 70.7% of the total sales amount [4] Project Performance - The top 20 residential projects in Ningbo achieved a total sales amount of 18.66 billion yuan, with a threshold of 340 million yuan [6] - Jiangshan Wanli's projects, Jiuyao (3.66 billion yuan) and Jiuzhou (3.42 billion yuan), continued to lead the market [6] - The total sales area for the top 20 projects reached 635,000 square meters, with a threshold of 16,000 square meters [8] Market Dynamics - From January to April 2025, Ningbo's new housing transaction volume was 27,501 units, with a total transaction area of 1.9943 million square meters and a total transaction amount of 40.714 billion yuan [9] - April marked a deep adjustment phase for the Ningbo housing market, with a proactive contraction in supply and a focus on product quality and precise marketing by developers [9] - The China Railway Construction Ningbo Future Vision project is noted for its reasonable design and strong market competitiveness [10] Land Market Insights - On April 25, the Jiangbei Yonghong land parcel was auctioned, with adjustments made to the indicators, including a reduction in the floor area ratio to 1.8 and the cancellation of kindergarten requirements, enhancing the land's potential [14] - The land was ultimately acquired by a developer at a premium rate of 14.3%, totaling approximately 1.159 billion yuan [14]