MONMOUTH REAL ESTATE REPORTS RESULTS FOR THE SECOND QUARTER ENDED MARCH 31, 2021
HOLMDEL, NJ, May 04, 2021 (GLOBE NEWSWIRE) Monmouth Real Estate Investment Corporation (NYSE:MNR) reported Net Income Attributable to Common Shareholders of $25.9 million or $0.26 per diluted share for the three months ended March 31, 2021 as compared to Net (Loss) Attributable to Common Shareholders of $(75.1) million or $(0.77) per diluted share for the three months ended March 31, 2020, representing an increase of $101.0 million or $1.03 per diluted share. During the three months ended March 31, 2021, we recognized a $19.2 million unrealized gain or $0.19 per diluted share as compared to an $(83.1) million unrealized (loss) or $(0.85) per diluted share for the three months ended March 31, 2020. Funds from Operations (FFO), which excludes unrealized and realized gains or losses from our securities portfolio, for the three months ended March 31, 2021 were $20.6 million or $0.21 per diluted share vers
American Finance Trust Announces First Quarter 2021 Results
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NEW YORK, May 5, 2021 /PRNewswire/ American Finance Trust, Inc. (Nasdaq: AFIN) ( AFIN or the Company ), a real estate investment trust focused on acquiring and managing a diversified portfolio of primarily service-oriented and traditional retail and distribution related commercial real estate properties in the U.S., announced today its financial and operating results for the first quarter ended March 31, 2021.
First Quarter 2021 and Subsequent Event Highlights
Revenue grew 6.2% to $79.2 million from $74.6 million for the first quarter 2020
Net loss attributable to common stockholders was $9.4 million as compared to $9.2 million for the first quarter 2020
Tanger Reports First Quarter Results
Collected 95% of First Quarter Rents
April Domestic Traffic Exceeds 2019
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GREENSBORO, N.C., May 5, 2021 /PRNewswire/
Tanger Factory Outlet Centers, Inc. (NYSE: SKT), a leading owner and operator of open-air outlet centers, today reported financial results and operating metrics for the first quarter of 2021. We are pleased that traffic to our domestic open-air centers reached 97% of 2019 levels during the first quarter of 2021, and exceeded 2019 levels in April. These strong results clearly reflect the attraction of our centers, their dominant market locations and the value proposition that we offer to both our retailer partners and shoppers, said Stephen Yalof, President and Chief Executive Officer. As we further evolve Tanger s core strategies – the leasing, operations and marketing of our outlet centers, we are empowering our team as we rebuild occupancy, drive leasing and curate our tenant mix
PREIT Reports First Quarter 2021 Results
Year-to-Date Leasing Volume Over 500% Greater Than Full Year 2020 and 35% Ahead of Full Year 2019
Liquidity Profile Continues to Improve; Total Liquidity of $103.6 Million at End of First Quarter
Traffic approaching pre-COVID levels across portfolio at 86.4% of 2019 for Comparable Portfolio in April
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PHILADELPHIA, May 5, 2021 /PRNewswire/ PREIT (NYSE: PEI) today reported results for the three months ended March 31, 2021. A description of each non-GAAP financial measure and the related reconciliation to the comparable GAAP financial measure is provided in the tables accompanying this release.
Three Months Ended March 31,
(per share amounts)
By Jess Gould
May 4, 2021 | 1:38 PM
The Association of Community Organizations for Reform Now is picketing Liberal MPs across 30 federal ridings across 13 cities in Canada to demand a change in governing Real Estate Investment Trusts through the ‘Rein in the REITs’ campaign for affordable housing.
London has the second-highest rate of rental arrears behind Toronto as of 2020.
In the series of policy change demands, ACORN wants the federal government to take immediate action to end the tax exemption for REITs. This includes replacing the exemption with a system where taxes paid by REITs are directly related to the number of affordable housing REITs are providing or eliminating. Expanding on their demands for change also highlights that the Canada Mortgage and Housing Corporation must stop financing REITs. A National Non-Profit Acquisitions Strategy is also in need as it helps enable non-profit acquisition of modest rent properties, and to put a ban on REITs to own spec