VEREIT® Announces Second Quarter 2021 Operating Results prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
VEREIT® Announces First Quarter 2021 Operating Results
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PHOENIX, May 6, 2021 /PRNewswire/ VEREIT, Inc. (NYSE: VER) ( VEREIT or the Company ) announced today its operating results for the three months ending March 31, 2021.
First Quarter 2021 Financial and Operating Highlights
Net income of $120.7 million and net income per diluted share of $0.50
Achieved $0.80 AFFO per diluted share
Rent collection of 99%
Compared to last quarter, Total debt - as reported decreased from $5.9 billion to $5.6 billion; Adjusted Principal Outstanding decreased from $6.1 billion to $5.8 billion; Net Debt decreased from $5.6 billion to $5.5 billion; and Net Debt to Normalized EBITDA decreased from 5.64x to 5.45x
First Quarter Gross Margin Percentage Increased 440 Basis Points Year-over-Year
85% Year-over-Year Increase in Consolidated Backlog Dollars to $1.67 Billion
51% Year-over-Year Increase in Land and Land Development Spend
MATAWAN, N.J., March 02, 2021 (GLOBE NEWSWIRE) Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, reported results for its fiscal first quarter ended January 31, 2021.
RESULTS FOR THE FIRST QUARTER ENDED JANUARY 31, 2021:
Total revenues increased 16.3% to $574.7 million in the first quarter of fiscal 2021, compared with $494.1 million in the same quarter of the prior year.
Homebuilding gross margin percentage, after cost of sales interest expense and land charges, increased 440 basis points to 17.3% for the three months ended January 31, 2021 compared with 12.9% during the same period a year ago.
VEREIT® Announces Fourth Quarter and Full Year 2020 Operating Results prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
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The New Home Company Inc. (NYSE: NWHM) today announced results for the 2020 fourth quarter and full year.
Fourth Quarter 2020 Financial Results
Net orders up 89%, monthly sales absorption rate increased 68% to 3.7 compared to 2.2 in the prior year
Unit backlog up 175%, dollar value of homes in backlog increased 88% compared to last year to $236.0 million
Total revenues of $145.6 million and home sales revenue of $135.4 million
Homebuilding gross margin of 14.8% compared to 7.8% in the prior year, including impairments in prior year
Adjusted gross margin excluding interest in cost of sales and impairments improved 260 basis points to 19.4% compared to 16.8% in the prior year