Core Insights - Whitestone REIT has signed a lease with The Picklr to open a 20,909-square-foot indoor pickleball facility at Terravita Marketplace in Scottsdale, Arizona, enhancing the active lifestyle of the local community [1][3] - The Picklr, founded in 2021, has rapidly expanded to over 500 locations, becoming the fastest-growing indoor pickleball franchise in North America [2] - The new facility will feature eight premium courts and is expected to open in the second half of 2025, catering to the high demand for pickleball in the Greater Phoenix area [3][4] Company Overview - Whitestone REIT focuses on community-centered open-air shopping centers in Texas and Arizona, aiming to enhance shareholder value and community engagement through strategic leasing [3][6] - The company emphasizes a tenant mix that includes service-oriented businesses, contributing to the overall success of its retail centers [7] Market Context - The popularity of pickleball is surging in Greater Phoenix, driven by health-conscious families and individuals, highlighting a supply-demand gap in available courts [4] - The location of Terravita Marketplace is strategically positioned near affluent communities, with an average household income exceeding $200,000 within a 15-minute drive [4]

NEW YORK, March 12, 2025 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. (NYSE: GNL) ("GNL" or the "Company") announced the appointment of Leon C. Richardson to its Board of Directors, effective March 7, 2025. Mr. Richardson is the founder, President and Chief Executive Officer of The Chemico Group, one of the largest minority-owned chemical management and distribution companies in the United States. Mr. Richardson has guided the business he founded more than 35 years ago into an internationally recognized playe ...

Positioning asset to become an 18-hour activity hub that better serves the lifestyle needs of the surrounding community Meets neighborhood demand for an upscale coffeehouse, premium fitness concepts and executive suites by bringing in Starbucks Reserve, Pvolve, RVE Fitness and CUBExec HOUSTON, March 10, 2025 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR), a neighborhood-focused owner and operator of open-air shopping centers in Texas and Arizona, today announced that it has commenced a strategic transformat ...

Core Points - The company reported a GAAP net income of $1.9 million or $0.27 per basic weighted average common share for Q4 2024, and a total GAAP net income of $6.9 million or $1.01 per share for the year ended 2024 [1][2] - Distributable Earnings for Q4 2024 were $2.0 million or $0.30 per share, while for the year ended 2024, it was $7.2 million or $1.07 per share [1][2] - The CEO highlighted the company's momentum since becoming an independent public company, committing to $75.0 million in deals in Q4 and an additional $74.8 million post-quarter [3] Financial Performance - Interest income for Q4 2024 was $3.6 million, with net interest income of $3.4 million after interest expenses [16] - Total expenses for Q4 2024 amounted to $1.6 million, leading to a net income before income taxes of approximately $1.9 million [16] - The company declared a regular cash dividend of $0.30 per common share for Q1 2025, payable on April 15, 2025 [4] Company Overview - Sunrise Realty Trust, Inc. is an institutional commercial real estate lender focusing on transitional commercial real estate in the Southern United States [8] - The company aims to provide flexible financing solutions and capitalize on near-term value creation opportunities [8][9] Additional Information - The company has made available an investor presentation and filed its Annual Report on Form 10-K with the SEC [5] - A conference call was scheduled to discuss financial results, allowing interested parties to participate [7]

Core Viewpoint - ACRES Commercial Realty Corp. reported a GAAP net income of $4.1 million or $0.52 per diluted share for the quarter ended December 31, 2024, indicating a proactive management approach to enhance shareholder value and a focus on growing its loan portfolio in high-growth markets [1][2]. Financial Performance - For the quarter ended December 31, 2024, the company achieved a GAAP net income of $4.1 million, translating to $0.52 per diluted share [1]. - The company experienced a healthy amount of loan payoffs and renewed transactional activity in the real estate markets during 2024 [2]. Strategic Outlook - The company intends to grow its loan portfolio by investing with experienced sponsors in high-growth markets across the nation as it moves into 2025 [2]. - ACRES Commercial Realty Corp. is focused on originating, holding, and managing commercial real estate mortgage loans and equity investments through direct ownership and joint ventures [5]. Conference Call Information - A live conference call to discuss the fourth quarter 2024 operating results is scheduled for March 6, 2025, at 10:00 a.m. Eastern Time [3]. - For those unable to attend the live call, a replay will be available until March 20, 2025 [4].

Core Viewpoint - Universal Health Realty Income Trust (UHT) demonstrated strong earnings growth in Q4 2024, outperforming the S&P 500 Index during the same period, driven by increased income from properties and reduced operating expenses [1][2][8]. Financial Performance - UHT reported a net income of $4.7 million, or $0.34 per diluted share, for Q4 2024, a 29.7% increase from $3.6 million, or $0.26 per diluted share, in Q4 2023 [2]. - For the full year 2024, net income rose 24.9% to $19.2 million, or $1.39 per diluted share, compared to $15.4 million, or $1.11 per diluted share, in 2023 [3]. - Adjusted net income for Q4 2024 increased by $836,000, or $0.06 per diluted share, supported by a $1.2 million rise in income from various properties [2][3]. Funds from Operations (FFO) - FFO for Q4 2024 increased by 3.3% to $11.8 million, or $0.85 per diluted share, compared to $11.4 million, or $0.82 per diluted share, in the prior year [4]. - For the full year, FFO grew 7.4% to $47.9 million, or $3.46 per diluted share, from $44.6 million, or $3.23 per diluted share, in 2023 [4]. Revenue Breakdown - Lease revenue from Universal Health Services (UHS) facilities remained stable at $8.3 million in Q4 2024, while lease revenue from non-related parties increased by 3.1% to $14.5 million [5]. - For the full year 2024, lease revenue from UHS facilities increased by 3.1% to $33.6 million, and lease revenue from non-related parties rose by 4.8% to $57.7 million [6]. Operating Expenses - Operating expenses in Q4 2024 totaled $15.4 million, down 4.8% from $16.2 million in Q4 2023, aided by reduced depreciation and amortization [7]. - For the full year, operating expenses were $62.2 million, down 3.1% from $64.2 million in 2023 [7]. Management Commentary - The company attributed its earnings growth to increased income from various properties and lower property-related expenses, particularly in Chicago, where previous demolition costs had negatively impacted results [8]. Liquidity and Debt Management - To enhance liquidity, UHT amended its credit agreement in September 2024, increasing its borrowing capacity to $425 million and extending the maturity date to September 30, 2028 [9]. - At year-end, the company had $348.9 million in outstanding borrowings and $76.1 million in available borrowing capacity [9]. Interest Rate Management - UHT entered into a new interest rate swap agreement in October 2024, locking in a fixed rate of 3.2725% on $85 million of debt through September 2028, replacing two expired swaps with a lower combined rate [11]. Future Outlook - Management did not provide specific financial guidance for 2025 but indicated that macroeconomic conditions, particularly interest rates and property-related expenses, will continue to influence performance [12]. Other Developments - The company completed the construction of Sierra Medical Plaza I in Reno, NV, in March 2023, which is currently 68% leased [13]. - UHT sold a vacant specialty facility in Corpus Christi, TX, in December 2023 for $3.9 million, recording a $232,000 loss on divestiture [14].

Market Overview - Major U.S. equities indexes experienced declines as investors reacted to new tariff announcements and a drop in Nvidia shares, which fell 8.5% despite solid earnings [1] - The S&P 500 decreased by 1.6%, while the Nasdaq fell 2.8% due to weakness in technology stocks, and the Dow Jones Industrial Average ended 0.5% lower [2] Company-Specific Developments - Teleflex (TFX) shares dropped 21.7% after announcing plans to split into two companies [2] - Super Micro Computer (SMCI) fell 16% following reports of two officers filing to sell shares, alongside a delayed annual report [3] - Viatris (VTRS) stock declined by 15.2% due to weaker-than-expected earnings and a disappointing outlook, impacted by regulatory actions affecting profits [3] - Vistra Corp. (VST) shares decreased by 12.3% despite better-than-expected earnings, as other AI-related stocks also lost ground [4] - Invitation Homes (INVH) stock rose by 5.5% after reporting quarterly revenue and net income that exceeded analyst estimates [5] - Warner Bros. Discovery (WBD) shares increased by 4.7% after reporting weaker-than-expected earnings but providing a positive streaming outlook [6] - Allstate (ALL) shares rose 3.5% following the announcement of a dividend increase and a $1.5 billion share buyback program [6] - Universal Health Services (UHS) saw a 3.3% increase in shares after reporting better-than-expected earnings and a positive revenue outlook [7]