Centerspace Reports Strong First Quarter 2021 Financial Results
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MINNEAPOLIS, May 3, 2021 /PRNewswire/ Centerspace (NYSE: CSR) announced today its financial and operating results for the quarter ended March 31, 2021. The tables below show Net Income, Funds from Operations ( FFO )
1, and Core FFO
1, all on a per share basis, for the three months ended March 31, 2021; Same-Store Revenues, Expenses, and Net Operating Income ( NOI )
1 over comparable periods; and Same-Store Weighted-Average Occupancy for the three months ended March 31, 2021, December 31, 2020, and March 31, 2020.
Three Months Ended March 31,
Per Share
Q1 2021 vs. Q4 2020
Revenues
(1)
NOI, FFO, Core FFO, and same-store results are non-GAAP financial measures. For more information on their usage and presentation, and a reconciliation to the most directly comparable GAAP measures, refer to Non-GAAP Financial Measures and Reconciliations below.
Brixmor Property Group Reports First Quarter 2021 Results
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NEW YORK, May 3, 2021 /PRNewswire/ Brixmor Property Group Inc. (NYSE: BRX) ( Brixmor or the Company ) announced today its operating results for the three months ended March 31, 2021. For the three months ended March 31, 2021 and 2020, net income was $0.18 per diluted share and $0.20 per diluted share, respectively.
Key highlights for the three months ended March 31, 2021 include:
Continued improvement in rent collections, with 94.2% of billed based rent for the three months ended March 31, 2021 collected (as of April 27, 2021)
Including rent deferral and abatement agreements, total addressed billed base rent was 95.9% for the three months ended March 31, 2021 (as of April 27, 2021)
Agree Realty Corporation Reports First Quarter 2021 Results
INCREASES 2021 ACQUISITION GUIDANCE TO $1.1 BILLION TO $1.3 BILLION; LAUNCHES PROPRIETARY TECHNOLOGY PLATFORM ( ARC )
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BLOOMFIELD HILLS, Mich., May 3, 2021 /PRNewswire/ Agree Realty Corporation (NYSE: ADC) (the Company ) today announced results for the quarter ended March 31, 2021. All per share amounts included herein are on a diluted per common share basis unless otherwise stated.
First Quarter 2021 Financial and Operating Highlights:
Invested approximately $391 million in 90 retail net lease properties
Approximately 32% of annualized base rents acquired were derived from ground leased assets
Increased Net Income attributable to the Company 41.8% to $30.1 million; 2.7% increase per share to $0.48
$210.3
$1.19
2021 AFFO guidance range raised and narrowed to $4.87 to $4.97 per diluted share, including Real Estate AFFO of between $4.74 and $4.84 per diluted share
Quarterly cash dividend raised to $1.048 per share, equivalent to an annualized dividend rate of $4.192 per share
Real Estate Portfolio
Investment volume of $399.9 million year to date, including $213.8 million during the first quarter and $186.1 million subsequent to quarter end
Active capital investments and commitments of $181.0 million outstanding at quarter end, including $129.1 million scheduled to be completed in the remainder of 2021
Gross disposition proceeds of $93.1 million year to date, including $13.7 million during the first quarter and $79.4 million subsequent to quarter end
/PRNewswire/ MGM Growth Properties LLC ("MGP" or the "Company") (NYSE: MGP) today reported financial results for the quarter ended March 31, 2021. Net.