DiamondRock Hospitality Company Reports First Quarter Results
Portfolio Turns Cash Flow Positive in March
Completes Frenchman s Reef Transaction
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BETHESDA, Md., May 6, 2021 /PRNewswire/ DiamondRock Hospitality Company (the Company ) (NYSE: DRH), a lodging-focused real estate investment trust that owns a portfolio of 30 premium hotels in the United States, today announced results of operations for the quarter ended March 31, 2021.
First Quarter 2021 Highlights:
Comparable Revenues: Comparable total revenues decreased 57.1% from the comparable period of 2020.
Comparable RevPAR: RevPAR decreased 54.4% from the comparable period of 2020.
Hotel Adjusted EBITDA: Hotel Adjusted EBITDA was ($2.6) million, a 65.8% improvement from the fourth quarter of 2020.
Global Net Lease Reports First Quarter 2021 Results
Company to Host Investor Conference Call Today at 1 PM Eastern
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NEW YORK, May 6, 2021 /PRNewswire/ Global Net Lease, Inc. (NYSE: GNL) ( GNL or the Company ), a real estate investment trust that focuses on acquiring and managing a globally diversified portfolio of strategically-located commercial real estate properties, announced today its financial and operating results for the quarter ended March 31, 2021.
First Quarter 2021 and Subsequent Events Highlights
Revenue increased 12.8% to $89.4 million from $79.2 million in first quarter 2020
Net loss was $0.8 million as compared to net income of $5.0 million in first quarter 2020
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
/PRNewswire/ Retail Properties of America, Inc. (NYSE: RPAI) (the "Company") today reported financial and operating results for the quarter ended March 31,.
PPFAS Mutual Fund to launch conservative hybrid fund
By IANS |
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SEBI may issue norms for minimum holding in liquid assets for MFs. Image Source: IANS News
Chennai, May 5 : PPFAS Mutual Fund on Wednesday said it will launch Parag Parikh Conservative Hybrid Fund.
The scheme which opens on May 7 and closes May 21 aims to generate regular income through investments predominantly in debt and money market instruments.
The minimum investment shall be Rs 5,000 and in multiples of Re 1 thereafter. The scheme will reopen on 28 May 2021.
According to PPFAS, the proposed scheme also seeks to generate income and capital appreciation by investing a certain portion in equity, equity-related instruments, and Real Estate Investment Trusts / Infrastructure Investment Trusts (REITs/InvITs).