The annual rent a Midtown Manhattan co-op must pay for its ground lease looks set to skyrocket from $4.36 million to roughly $24 million. The 600% increase could push many residents to the brink and force the building into default. https://t.co/9c2hv5eteQ ...

21 July 2025 China Economic Comment China Weekly: Forecast upgrade, sliding home sales, Politburo meeting ab Global Research High frequency: sliding home sales, better port activities in H1 July 30-city property sales declined further to -26% YoY in the first 19 days of July from - 8% YoY in June. That in tier 1/2 cities both slid sharply to -30%/-27%, while tier 3 cities stayed weak around -17% YoY. Steel production stayed weak at -4% YoY in the first 10 days of July from -5% YoY in June. Port cargo throug ...

Core Insights - Alexander & Baldwin reported a significant GAAP earnings per share (EPS) of $0.35 for Q2 2025, exceeding expectations of $0.33, while GAAP operating revenue was slightly below expectations at $50.7 million [1][2] - The company raised its full-year guidance for earnings and other key financial metrics, reflecting strong demand in leasing and robust occupancy [1][12] Financial Performance - EPS (GAAP) increased by 169.2% year-over-year from $0.13 in Q2 2024 to $0.35 in Q2 2025 [2][5] - GAAP revenue rose to $51.7 million, a 5.1% increase from $49.2 million in Q2 2024 [2][6] - Funds from operations (FFO) per diluted share (non-GAAP) increased by 71.4% to $0.48 [2][5] - Same-store net operating income (NOI) growth (non-GAAP) was 5.3%, significantly higher than the 0.9% increase in Q2 2024 [2][6] Business Overview - Alexander & Baldwin is a Hawaii-based real estate investment trust (REIT) managing a portfolio of commercial properties, including 21 retail centers and 14 industrial properties [3][4] - The company benefits from high barriers to entry in the Hawaii market, which helps maintain high occupancy rates [4] Leasing Activity - The company signed 52 improved-property leases covering approximately 183,800 square feet, generating $6.1 million in new annualized rent [7] - Leasing spreads increased by 6.8% overall, with retail leases up 7.4% and industrial leasing spreads up 4.7% [7] Segment Performance - Land Operations saw a significant profit increase to $13.9 million, primarily due to one-time items [8] - Internal growth projects are advancing, including pre-construction of new buildings at Komohana Industrial Park and ongoing work at Maui Business Park [9][10] Financial Position - As of June 30, 2025, the company had $307.6 million in total liquidity, with a net debt to trailing twelve months adjusted EBITDA ratio of 3.3x [11] - The Board declared a regular quarterly dividend of $0.225 per share, maintaining a stable payout pattern [11][13] Future Outlook - Full-year 2025 EPS guidance was raised to $0.91–$0.96 per share, and FFO guidance was increased to $1.35–$1.40 per diluted share [12] - Same-store NOI growth expectations for FY2025 improved to 3.4%–3.8%, indicating optimism about ongoing leasing and rent growth [12]

【文/观察者网 陈思佳】据央视新闻报道，当地时间7月24日，美国总统特朗普造访美联储，视察了耗 资25亿美元的美联储大楼翻修工程。特朗普还与美联储主席鲍威尔讨论了利率问题，称"这次谈话很有 成效"。这是近20年来，首次有美国现任总统访问美联储。 特朗普在视察期间再次抨击翻修工程的成本问题，称美联储的项目"严重超支"。他还表示，如果鲍威尔 想平息白宫的不满，美联储需要降息。在一些分析人士看来，美联储一直没有按照特朗普的要求降息， 已经引起特朗普的愤怒，他和共和党人频频对美联储翻修工程找茬，目的可能是为罢免鲍威尔寻找借 口。 特朗普此前已多次呼吁美联储降息，他认为，美联储维持高利率，使得联邦政府陷入了为其债务支付巨 额利率的困境，增加了企业和消费者借贷的难度。但金融分析人士指出，当前美国的通货膨胀水平依然 高于预期，过早降息可能加剧美国的通货膨胀风险。 "特朗普想为罢免鲍威尔找借口" 位于美国华盛顿特区的两栋美联储大楼建于上世纪30年代，此前从未进行过翻修，需要建设新的管道、 电力、供暖、用水等基础设施。翻修工程在2017年得到美联储理事会批准，并在2022年启动。然而，这 项翻修工程在过去几年里出现成本超支的问 ...

Core Viewpoint - A class action lawsuit has been filed against Broadmark Realty Capital Inc. regarding the merger with Ready Capital Corporation, alleging misleading statements in the proxy statement used to solicit shareholder support for the merger [1][5]. Group 1: Lawsuit Details - The lawsuit claims that the proxy statement contained false or misleading statements and failed to disclose significant financial distress among borrowers in Ready Capital's portfolio due to high interest rates [5]. - It is alleged that an oversupply of multifamily properties limited the ability of Ready Capital borrowers to raise rents to cover growing debt costs [5]. - A major development project acquired during the merger, valued at approximately $500 million, faced catastrophic setbacks, including cost overruns and funding shortfalls [5]. - The lawsuit asserts that Ready Capital's expected credit loss reserves were materially understated, impacting financial projections regarding distributable earnings, dividends, and book value per share [5]. Group 2: Participation Information - Individuals who held Broadmark common stock as of the merger date may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - Interested parties can join the class action by visiting the provided link or contacting the law firm for more information [3][6].

🇺🇸 LATEST: Christie's International Real Estate becomes first major US luxury brokerage to launch a dedicated crypto real estate division, allowing buyers to purchase properties entirely with cryptocurrency, per NYT. https://t.co/X0oFQnhQTq ...

Alexander & Baldwin Holdings, Inc. (ALEX) reported $51.7 million in revenue for the quarter ended June 2025, representing a year-over-year increase of 1.3%. EPS of $0.48 for the same period compares to $0.16 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $51.6 million, representing a surprise of +0.2%. The company delivered an EPS surprise of +23.08%, with the consensus EPS estimate being $0.39.While investors closely watch year-over-year changes in headline numbers -- revenue a ...

Rithm Property Trust (RPT) Q2 2025 Earnings Call July 24, 2025 05:00 PM ET Speaker0Ladies and gentlemen, thank you for standing by. My name is Krista, and I will be your conference operator today. At this time, I would like to welcome everyone to the Rhythm Property Trust Inc. Second Quarter twenty twenty five Earnings Conference Call. All lines have been placed on mute to prevent any background noise.After the speakers' remarks, there will be a question and answer session. Thank you. I would now like to tu ...

Alexander & Baldwin (ALEX) Q2 2025 Earnings Call July 24, 2025 05:00 PM ET Speaker0Afternoon, ladies and gentlemen, and welcome to the Alexander and Baldwin Second Quarter Earnings Call. At this time, all lines are in listen only mode. Following the presentation, we will conduct a question and answer session. This call is being recorded on Thursday, 07/24/2025. And I would now like to turn the conference over to Shane Mench.Thank you. Please go ahead.Speaker1Thank you, operator. Aloha and welcome to Alexand ...

JUST IN: Christie’s Real Estate launches a dedicated Bitcoin and crypto division https://t.co/dbeXezqidd ...