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Sunstone Disposes Hilton New Orleans St. Charles Hotel for $47M
ZACKS· 2025-06-10 18:16
Key Takeaways SHO sold the 252-room Hilton New Orleans St. Charles for $47M, or about $187K per key. Disposition proceeds were fully reinvested into accretive share repurchases amid favorable market conditions. SHO will provide more details on the sale's impact on its 2025 outlook in the Q2 earnings release.Sunstone Hotel Investors, Inc. (SHO) recently sold Hilton New Orleans St. Charles, encompassing 252 rooms for a gross sale price of $47 million, or approximately $187,000 per key.The sale price of the ...
Easterly Government Properties Trades At A Rare Discount - Clear Buy With Compelling Growth Setup
Seeking Alpha· 2025-06-10 18:01
Company Overview - Easterly Government Properties (NYSE: DEA) is a real estate investment trust focused on government and mission-critical properties, with over 90% of its rental income derived from public sector tenants [1] Investment Strategy - The company seeks undervalued stocks with a focus on balancing risk and reward, emphasizing that the best investment ideas are often the simplest and potentially contrarian [1]
Terreno Realty Bolsters Portfolio With Property Buyout in Los Angeles
ZACKS· 2025-06-10 15:56
Core Insights - Terreno Realty (TRNO) announced the acquisition of an industrial property in Los Angeles for approximately $10 million, with an estimated stabilized cap rate of 6.4% [1][8] - The property, located at 11100 Hindry Avenue, consists of a 34,000 square foot industrial flex building on 1.5 acres, fully leased to four tenants until September 2028, and is strategically positioned near Los Angeles International Airport [2] Company Strategy - TRNO is actively restructuring its portfolio by divesting non-core assets and pursuing value-accretive investments, which is expected to support long-term revenue growth [3][8] - In May 2025, TRNO sold two properties for a total of approximately $114.5 million, and as of May 6, 2025, had acquisitions worth around $49 million under contract and nearly $75.8 million under letters of intent [3][8] Development Projects - As of March 31, 2025, TRNO has five properties under development or redevelopment, which will include eight buildings totaling around 0.8 million square feet, with 48% pre-leased [4] - The company also holds approximately 22.4 acres of land for future developments, with an estimated investment value of around $392.8 million [4] Market Position - TRNO is positioned to enhance its portfolio across six major coastal U.S. markets, including New York City/Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle, and Washington, D.C., which exhibit strong demographic trends and demand for industrial real estate [5] - Despite these expansion efforts, TRNO's shares have only increased by 1.1% year-to-date, underperforming the industry average increase of 3.6% [5]
Highwoods Properties Stock Up 8.3% in Three Months: Will It Continue?
ZACKS· 2025-06-10 13:15
Key Takeaways HIW secured 750,000 square feet of Q2 leasing through June 2, including 300,000 square feet of new deals. HIW's portfolio focus on high-growth Sun Belt markets is aiding rent growth and leasing strength. HIW sold $146.3M in non-core assets and bought a Class AA tower in Raleigh in early 2025.Highwoods Properties (HIW) shares have rallied 8.3% in the past three months, against the industry’s fall of 0.2%.In early June, HIW announced that it has signed more than 750,000 square feet of second-g ...
Healthpeak Properties, Inc. (NYSE: DOC) President and CEO Scott Brinker Interviewed by Advisor Access
GlobeNewswire News Room· 2025-06-10 12:30
Core Insights - Healthpeak Properties, Inc. is a leading healthcare-focused REIT with a national portfolio of 700 properties totaling nearly 50 million square feet [1][3] - The company completed a merger with Physicians Realty Trust in 2024, exceeding first-year synergy targets by over 25% and expecting total synergies to exceed $65 million [4] - Healthpeak recently announced a dividend increase, distinguishing itself in a challenging environment for many REITs due to its strong capital allocation decisions [4] Company Overview - Healthpeak operates in the intersection of real estate and healthcare innovation, focusing on outpatient medical, life sciences, and senior housing [3] - The company is fully integrated and part of the S&P 500, emphasizing its significant market presence [1] Financial Performance - The merger with Physicians Realty Trust has been financially successful, contributing to the company's growth and operational efficiency [4] - Healthpeak's capital allocation strategies have positioned its portfolio, balance sheet, and liquidity favorably, allowing for continued dividend increases [4] Long-term Growth Strategy - The company is aligned with long-term healthcare trends, focusing on delivering mission-critical and irreplaceable healthcare real estate [5]
Whitestone REIT Declares Third Quarter 2025 Dividend
Globenewswire· 2025-06-10 11:00
Core Points - Whitestone REIT has declared a monthly cash dividend of $0.045 per share for the third quarter of 2025, amounting to a quarterly total of $0.135 per share and an annualized total of $0.54 per share [1] - The dividend distribution schedule includes payments in July, August, and September 2025, with record dates and payment dates specified [1] Company Overview - Whitestone REIT is a community-centered real estate investment trust that focuses on acquiring, owning, operating, and developing open-air retail centers in rapidly growing markets such as Phoenix, Austin, Dallas-Fort Worth, Houston, and San Antonio [2] - The company's retail centers are designed to provide convenience, featuring a mix of service-oriented tenants that include restaurants, grocers, health and fitness services, financial services, education, and entertainment [3] - Strong community connections and deep tenant relationships are considered key to the success of the company's current centers and acquisition strategy [3]
Sun Communities Shines Enough As A REIT To Hold On, Despite Slowing Growth
Seeking Alpha· 2025-06-10 05:03
Group 1 - Albert Anthony is a senior analyst with over 10 years of experience in investment banking, focusing on market commentary and stock ratings using a 6-step methodology [1] - The analyst has gained over 1 thousand followers on Seeking Alpha since 2023 and writes for various financial media platforms [1] - A new book titled "The Analyst: 6 Steps To Picking Stocks For Future Growth (2025 edition)" is set to launch, aiming to reach over 1 million readers on Amazon [1] Group 2 - Albert Anthony has a background in IT analysis and transitioned to the financial sector during the remote-work era of 2020, renewing interest in home-based stock trading [1] - The analyst has earned degrees and certificates from institutions such as Drew University and the Corporate Finance Institute [1] - The brand "Albert Anthony & Company" is a privately-held enterprise registered in Austin, Texas [1]
Advanced Flower Capital Expands Revolving Credit Facility with $20 Million Additional Commitment from Existing FDIC-Insured Banking Partner
Globenewswire· 2025-06-09 20:05
WEST PALM BEACH, Fla., June 09, 2025 (GLOBE NEWSWIRE) -- Advanced Flower Capital Inc. (Nasdaq: AFCG) (“AFC”) today announced that it has expanded its senior secured revolving credit facility (“Credit Facility”) to $50 million with an additional $20 million commitment from the facility’s Lead Arranger, an FDIC-insured bank with over $75 billion of assets. AFC intends to use availability under the Credit Facility to fund commitments to existing borrowers, originate and participate in commercial loans to canna ...
BRIXMOR PROPERTY GROUP ANNOUNCES SECOND QUARTER 2025 EARNINGS RELEASE AND TELECONFERENCE DATES
Prnewswire· 2025-06-09 20:03
Core Points - Brixmor Property Group Inc. will release its 2025 second quarter earnings on July 28, 2025, after market close, followed by a teleconference on July 29, 2025, at 10:00 AM ET [1] - The company operates a national portfolio of open-air shopping centers, comprising 361 retail centers with approximately 64 million square feet of retail space [3] - Brixmor partners with over 5,000 retailers, including notable names like The TJX Companies, The Kroger Co., Publix Super Markets, and Ross Stores [3] Company Information - Brixmor is a real estate investment trust (REIT) focused on owning and operating shopping centers that serve as community hubs [3] - The company emphasizes a diverse mix of thriving national, regional, and local retailers within its properties [3] - Brixmor communicates material information to investors through SEC filings, press releases, public conference calls, and its website [4]
What Makes Peakstone Realty Trust (PKST) a New Strong Buy Stock
ZACKS· 2025-06-09 17:01
Core Viewpoint - Peakstone Realty Trust (PKST) has received an upgrade to a Zacks Rank 1 (Strong Buy), indicating a positive outlook based on rising earnings estimates, which significantly influence stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system emphasizes the correlation between changes in earnings estimates and stock price movements, particularly influenced by institutional investors [4][6]. - For Peakstone Realty Trust, the increase in earnings estimates suggests an improvement in the company's underlying business, likely leading to higher stock prices [5][10]. Earnings Estimate Revisions - Analysts have raised their earnings estimates for Peakstone Realty Trust, with the Zacks Consensus Estimate increasing by 7.5% over the past three months [8]. - The company is projected to earn $2.50 per share for the fiscal year ending December 2025, reflecting a year-over-year decline of 7.1% [8]. Zacks Rank System - The Zacks Rank system classifies stocks based on earnings estimate revisions, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7]. - The upgrade of Peakstone Realty Trust places it in the top 5% of Zacks-covered stocks, indicating strong potential for market-beating returns in the near term [10].