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MacKenzie Realty Capital Announces Plans for a 1-for-10 Reverse Stock Split
GlobeNewswire News Room· 2025-07-09 15:56
Core Viewpoint - MacKenzie Realty Capital, Inc. has announced a 1-for-10 reverse stock split to increase its share price and meet Nasdaq listing requirements [1][2]. Group 1: Reverse Stock Split Details - The reverse stock split will convert ten existing shares into one new share, reducing the total shares outstanding from approximately 15,781,930 to about 1,578,192 [2]. - No fractional shares will be issued; instead, stockholders entitled to a fractional share will receive cash equivalent to the fraction multiplied by the closing price prior to the split [2]. - The effective date of the reverse stock split will be announced at least two business days before implementation [4]. Group 2: Stockholder Information - Stockholders of record will not need to take action to receive post-split shares, as their positions will be automatically adjusted [3]. - Stockholders holding shares through banks or brokers should check with their respective institutions for specific procedures regarding the reverse stock split [3]. Group 3: Company Overview - MacKenzie Realty Capital, founded in 2013, is a West Coast-focused REIT aiming to invest at least 80% of its total assets in real property, with a portfolio consisting of approximately 50% multifamily and 50% boutique class A office properties [5]. - The company has consistently paid dividends since its inception and currently holds interests in 4 multifamily properties and 8 office properties, along with 2 multifamily developments [5].
Alexander & Baldwin Announces Second Quarter 2025 Earnings Release and Conference Call Date
Prnewswire· 2025-07-07 20:45
HONOLULU, July 7, 2025 /PRNewswire/ -- Alexander & Baldwin, Inc. (NYSE: ALEX) ("A&B" or "Company"), a Hawai'i-based owner, operator, and developer of high-quality commercial real estate in Hawai'i, will report results for the second quarter 2025, after the market closes, on Thursday, July 24, 2025. In connection with this announcement, A&B will host a conference call and webcast on Thursday, July 24, 2025, at 5:00 p.m. ET.The call and webcast will feature a discussion on second quarter 2025 operating and fi ...
BXP Gains 10.3% in a Month: Time to Buy, Hold or Sell the Stock?
ZACKS· 2025-06-20 16:11
Key Takeaways BXP stock surged 10.3% in a month, outpacing its industry and the broader market. Leasing volume reached 1.4M sq ft through April, with major tenants committing to long-term leases. BXP is advancing $2.26B in developments, including 71%-pre-leased life-science projects under construction.BXP, Inc. (BXP) , the largest publicly traded developer, owner and manager of premier workplaces in the United States, recently experienced a significant upturn in its stock price, gaining 10.3% over the pas ...
SL Green Realty Stock Up 12.7% in Three Months: Will the Trend Last?
ZACKS· 2025-06-19 14:06
Key Takeaways SLG stock rose 12.7% in 3 months, outpacing the industry's 0.1% decline on strong leasing demand. SLG signed 45 leases for 0.6M sq. ft. in Q1 2025, driven by high-end amenities and prime NYC locations. Long-term leases, tenant diversity and property sales boost SLG's portfolio strength and cash flow stability.SL Green Realty (SLG) shares have risen 12.7% in the past three months compared to the industry's fall of 0.1%.The company’s high-quality portfolio is well-poised for growth, given tena ...
Crown Realty Partners Acquires Two Class-A Assets in Burlington
GlobeNewswire News Room· 2025-06-18 12:30
Core Insights - Crown Realty Partners has acquired two Class A office properties, 1111 & 1122 International Boulevard, totaling 271,571 square feet on 12.8 acres in Burlington, Ontario [1] - The properties are strategically located alongside the QEW and near Appleby GO Station, offering a premier suburban office experience with 87% occupancy by national and multinational financial services tenants [2][3] - This acquisition is part of Crown's strategy to invest in well-located, well-built assets, supported by a $260 million fund focused on active leasing and operational excellence [3] Company Overview - Crown Realty Partners is an integrated commercial real estate investment and management firm with a focus on value-add opportunities in Ontario, managing over 10 million square feet of real assets [4] - The firm has a strong track record and an experienced team, emphasizing a hands-on approach to deliver superior returns for investors and enhance workplace environments for tenants [4]
City Office REIT Announces Dividends for Second Quarter 2025
Prnewswire· 2025-06-13 20:05
VANCOUVER, June 13, 2025 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office," "CIO" or the "Company") announced today that its Board of Directors has authorized a quarterly dividend amount of $0.10 per share of common stock and common unit of partnership interest for the second quarter of 2025.Additionally, the Board of Directors authorized a regular quarterly dividend of $0.4140625 per share of the Company's 6.625% Series A Cumulative Redeemable Preferred Stock. The dividends will be payable ...
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 ...
西安新房价格指数“双涨”!5月多个改善项目高调入市
Nan Fang Du Shi Bao· 2025-06-06 15:45
5月随着"一揽子金融政策支持稳市场稳预期",以及中办、国办印发《关于持续推进城市更新行动的意 见》的出台,为进一步降低购房者的购房成本,支持居民住房需求释放带来利好,提振了楼市信心。 据中房指数系统百城价格指数监测,2025年5月,全国100个城市新建住宅平均价格环比上涨0.3%,同 比上涨2.56%,整体较上月继续上涨。其中,从涨跌城市个数看,33个城市环比上涨,50多个城市环比 下跌,13个城市持平。西安作为新房价格指数上涨的城市之一,同比涨幅为3.66%,环比涨幅为 0.37%。 具体来看,虽然有均价高达3.38万元/m²的华发安泊府、2.48万元/m²越秀高新璞悦等改善项目高调入 市,但难掩市场成交整体同比下滑的趋势。 据CRIES中指数据库监测,2025年1-5月,西安共推出40宗住宅用地,规划建面超过360万m²;成交29宗 住宅用地,总规划建筑面积超过251万m²,成交楼面价7413元/m²,同比上涨23.63%。 此外1-5月,西安共推出13宗商办用地,规划建面超过43万m²;成交9宗商办用地,规划建面超过31万 m²,成交楼面价1975元/m²,同比上涨36.1%。 (文章来源:南方都市报) ...
Highwoods Provides Quarter-to-Date Second Generation Leasing Update
ZACKS· 2025-06-03 18:31
Core Insights - Highwoods Properties, Inc. (HIW) has signed over 750,000 square feet of second-generation leases from the beginning of the second quarter through June 2, 2025, including more than 300,000 square feet of new leases [1][7] - The company is experiencing a recovery in demand for its office properties, driven by organizations emphasizing return-to-office mandates, which is propelling leasing activity [2][3] Company Performance - In the first quarter of 2025, HIW signed approximately 691,000 square feet of second-generation leases, with nearly 244,000 square feet being new leases [3] - The company has a well-diversified tenant base and is focusing on expansion in high-growth markets, which are key growth drivers [3] - Over the past three months, HIW's shares have gained 8.4%, contrasting with a 1.3% decline in the industry [4] Future Outlook - HIW expects occupancy growth in late 2025, supported by a strong leasing pipeline [2][7] - The healthy volume of leases executed in the first five months of the year positions the company for future growth in occupancy [2]
Alexander & Baldwin (ALEX) 2025 Conference Transcript
2025-06-03 14:30
Summary of Alexander & Baldwin (ALEX) 2025 Conference Call Company Overview - **Company Name**: Alexander & Baldwin (ALEX) - **Type**: Diversified Hawaiian Real Estate Investment Trust (REIT) - **History**: Established 155 years ago, converted to a REIT in 2017 - **Focus**: Exclusively operates in Hawaii, leveraging unique market conditions and high barriers to entry [2][4] Portfolio Composition - **Net Operating Income (NOI) Breakdown**: - Retail: Approximately 66% (primarily grocery-anchored) [4][6] - Industrial: About 18% [5][6] - Ground Leases: Roughly 17% [5][6] - Office: Approximately 3-4% (considered non-strategic) [5][9] Growth Opportunities - **Retail Sector**: Strong fundamentals with potential for tenant demand growth; many large retailers lack a presence in Hawaii, presenting long-term opportunities [6][7] - **Industrial Sector**: Extremely tight market with a vacancy rate of 1.2% on Oahu; logistical challenges create opportunities for growth [7][8] - **Existing Portfolio**: High occupancy rates (95.4% overall, 95.2% in retail) with potential for further increases [11] Recent Transactions and Developments - **Maui Business Park**: Secured a 75-year ground lease with a self-storage developer; ongoing construction of a 30,000 square foot industrial building [13][15] - **Oahu Developments**: Building a 21,000 square foot facility pre-leased to Lowe's, capitalizing on retail-driven industrial demand [16][17] Financial Metrics - **Debt Metrics**: Net debt to adjusted EBITDA ratio of 3.6 times; total liquidity over $300 million [26] - **Dividend Policy**: Targets a payout of 100% of re-taxable income; consistent dividend payer since REIT conversion [27][28] Economic Context - **Tourism Impact**: Tourism accounts for about 20% of Hawaii's GDP; visitor counts up 3.2% year-to-date compared to 2024, though still below pre-COVID levels [30][31] - **Government Spending**: Also represents about 20% of GDP; stable federal funding due to Hawaii's strategic military importance [32][33] Challenges and Barriers - **Zoning and Development**: High barriers to entry for new developments; lengthy entitlement processes can take years [39][40] - **Construction Costs**: Elevated due to reliance on imported materials; management's local expertise helps navigate these challenges [41] Investment Thesis - **Differentiated Strategy**: Focused on Hawaii with a diverse asset class portfolio; historically strong performance with a CAGR in same-store NOI growth [42][43] - **Valuation Opportunity**: Current stock price does not reflect the underlying real estate value and growth potential [44] Conclusion - **Overall Positioning**: Alexander & Baldwin presents a unique investment opportunity in a specialized market with strong fundamentals and growth potential, despite challenges in development and construction [42][44]