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San Diego’s Realty Income, the owner of thousands of single-tenant retail and industrial buildings, has inked a deal to acquire Phoenix-based VEREIT in an all-stock transaction valued at roughly $11 billion.
The mega-merger, announced Thursday, would create one of the largest Real Estate Investment Trusts in the net-lease REIT industry, with a combined 10,300 properties across the U.S., Puerto Rico and United Kingdom. Brand-name tenants include Walgreens, Dollar General, FedEx, Dollar Tree, 7-11, LA Fitness, CVS Pharmacy and Walmart. Combined annualized contractual rent is expected to total $2.5 billion.
The complex transaction which calls for the spinoff of 97 office properties into a new, publicly traded REIT increases the “size, scale and diversification of Real Income’s real estate portfolio and overall platform,” said Chief Executive Sumit Roy in a conference call with analysts.
Digital Realty Reports First Quarter 2021 Results
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AUSTIN, Texas, April 29, 2021 /PRNewswire/
Digital Realty (NYSE: DLR), a leading global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions, announced today financial results for the first quarter of 2021. All per-share results are presented on a fully-diluted share and unit basis.
Highlights
Reported net income available to common stockholders of $1.32 per share in 1Q21, compared to net income available to common stockholders of $0.90 in 1Q20
Reported FFO per share of $1.49 in 1Q21, compared to $0.91 in 1Q20
Reported core FFO per share of $1.67 in 1Q21, compared to $1.53 in 1Q20
Welltower Reports First Quarter 2021 Results
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Welltower Inc. (NYSE:WELL) today announced results for the quarter ended March 31, 2021.
Recent Highlights
Reported normalized FFO attributable to common stockholders of $0.80 per diluted share
As of April 23, 2021, occupancy for our Seniors Housing Operating ( SHO ) portfolio increased approximately 60 basis points ( bps ) from the pandemic-low on March 12, 2021, led by our U.K. and U.S. portfolios with occupancy gains of 120 bps and 90 bps, respectively
Year-to-date, completed $1.3 billion of pro rata gross investments exclusive of development funding through April 27, 2021
On April 27, 2021, we completed a £540 million ($750 million) participating senior loan advancement to affiliates of Safanad Inc. as part of its recapitalization of HC-One Group. The loan, which may be expanded by an additional £30 million, matures in 2026, and is secured by a first mortgage interest in the HC-One portfo
PowerGrid Infrastructure Investment Trust on Wednesday raised a little over Rs 3,480 crore from anchor investors ahead of its initial public offer, which opens for subscription on Thursday. It has been decided to allocate 34,80,74,100 units at Rs 100 apiece to 47 anchor investors, aggregating the total to Rs 3,480.74 crore, according to a circular uploaded on BSE website. Among the anchor investors are SBI Mutual Fund (MF), HDFC MF, Tata MF, Fidelity Funds, Tata AIA Life Insurance Company, Tata AIG General Insurance Company, SBI Life Insurance Company, UTI MF, ICICI Prudential MF, Sundaram MF, Rainbow Investments Ltd and CPP Investment Board Private Holdings.
PowerGrid Infrastructure Investment Trust (PowerGrid InvIT) is owned by state-owned PowerGrid Corporation of India.
MAA Reports First Quarter Results
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GERMANTOWN, Tenn., April 28, 2021 /PRNewswire/ Mid-America Apartment Communities, Inc., or MAA (NYSE: MAA), today announced operating results for the quarter ended March 31, 2021.
First Quarter 2021 Operating Results
Three months ended March
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$
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1.62
A reconciliation of FFO and Core FFO to net income available for MAA common shareholders and an expanded discussion of the components of FFO and Core FFO can be found later in this release. FFO per Share – diluted and Core FFO per Share –diluted include diluted common shares and units.
Eric Bolton, Chairman and Chief Executive Officer, said, First quarter results were ahead of expectations. We are encouraged with the trends in rent growth and continued strong occupancy, reflecting the growing demand for apartment housing across our Sunbelt markets. We believe our uniquely diversified portfolio across this high-growth regi