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DENVER, May 13, 2021 /PRNewswire/ Farmland Partners Inc. (NYSE: FPI) ( FPI or the Company ) today reported financial results for the quarter ended March 31, 2021.
Selected Q1 2021 Highlights
recorded net income of $2.5 million, $5.0 million excluding litigation-related legal expenses
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completed two acquisitions, for total consideration of $2.9 million;
completed 14 dispositions, for total consideration of $28.5 million, total gain on sale of $3.4 million;
reduced debt by $20 million;
bought back 8,291 shares of Series B preferred stock at a weighted average price of $25.82 for an aggregate purchase price of $0.2 million; and
grew the off-balance sheet asset management business to ten properties and $21.5 million of AUM.
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The GEO Group, Inc. (NYSE: GEO) (“GEO”), a fully integrated equity real estate investment trust (“REIT”) and a leading provider of enhanced in-custody rehabilitation, post-release support, and community-based programs, reported today its financial results for the first quarter 2021 and updated its financial guidance for the full-year 2021.
First Quarter 2021 Highlights
Net Income Attributable to GEO of $50.5 million or $0.41 per diluted share
1Q21 results reflect $13.3 million pre-tax gain on real estate assets and $3.0 million pre-tax gain on the extinguishment of debt
Adjusted Net Income of $0.28 per diluted share
Net Operating Income of $152.3 million
Normalized FFO of $0.44 per diluted share
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ATLANTA, May 10, 2021 /PRNewswire/ Preferred Apartment Communities, Inc. (NYSE: APTS) ( we, our, the Company, Preferred Apartment Communities or PAC ) today reported results for the quarter ended March 31, 2021. Unless otherwise indicated, all per share results are reported based on the basic weighted average shares of Common Stock and Class A Units ( Class A Units ) of the Preferred Apartment Communities Operating Partnership (our Operating Partnership ) outstanding. See Definitions of Non-GAAP Measures.
Preferred Apartment Communities We are very pleased to report another quarter of sound operational performance from our Sunbelt-focused portfolio of assets. We are seeing solid growth and positive trajectory in our top line revenues in our core multifamily business, which is supported by broad positive economic and migration trends. These operational successes have allowed us to continue to advance our strategic goals of simplify
American Homes 4 Rent Reports First Quarter 2021 Financial and Operating Results CALABASAS, Calif., May 6, 2021-American Homes 4 Rent (NYSE: AMH) (the Company ), a leading provider of high-quality single-family homes for rent, today announced its financial and operating results for the quarter ended March 31, 2021. Highlights •Rents and other single-family property revenues increased 8.8% to $312.6 million for the first quarter of 2021 from $287.3 million for the first quarter of 2020. •Net income attributable to common shareholders totaled $30.2 million, or $0.09 per diluted share, for the first quarter of 2021, compared to $20.2 million, or $0.07 per diluted share, for the first quarter of 2020. •Core Funds from Operations ( Core FFO ) attributable to common share and unit holders increased 8.5% to $0.32 per FFO share and unit for the first quarter of 2021 from $0.29 per FFO share and unit for the first quarter of 2020 and Adjusted Fu
Lexington Realty Trust Reports First Quarter 2021 Results
NEW YORK, May 07, 2021 (GLOBE NEWSWIRE) Lexington Realty Trust (“Lexington”) (NYSE:LXP), a real estate investment trust focused on single-tenant industrial real estate investments, today announced results for the first quarter ended March 31, 2021.
First Quarter 2021 Highlights
Recorded Net Income attributable to common shareholders of $39.4 million, or $0.14 per diluted common share.
Generated Adjusted Company Funds From Operations available to all equityholders and unitholders – diluted (“Adjusted Company FFO”) of $63.7 million, or $0.22 per diluted common share.
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Completed 1.5 million square feet of new leases and lease extensions, raising industrial renewal Cash Base Rents by 5.4%.
Acquired three industrial properties for an aggregate cost of $50.8 million and completed construction of an industrial property in the Columbus, Ohio market.