Gladstone Commercial Corporation Reports Results for the Fourth Quarter and Year Ended December 31, 2020 pittsburghstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pittsburghstar.com Daily Mail and Mail on Sunday newspapers.
Community Healthcare Trust Announces Results for the Three Months Ended December 31, 2020
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FRANKLIN, Tenn., Feb. 16, 2021 /PRNewswire/ Community Healthcare Trust Incorporated (NYSE: CHCT) (the Company ) today announced results for the three months ended December 31, 2020. The Company reported net income for the fourth quarter of approximately $5.2 million, or $0.21 per diluted common share. Funds from operations and adjusted funds from operations ( AFFO ) for the three months ended December 31, 2020 totaled $0.53 and $0.56, respectively, per diluted common share.
Highlights include:
During the fourth quarter of 2020, the Company issued, through its at-the-market offering program ( ATM Program ), 480,592 shares of common stock at an average gross sales price of $47.65 per share and received net proceeds of approximately $22.4 million at an approximate 3.64% current equity yield.
Why have mutual funds increased exposure to REITs and InvITs?
A low interest rates regime, the positive outlook on rental yields post the COVID disruption and an efficient listing framework drew MFs to REITs and InvITs February 15, 2021 / 09:45 AM IST
Over the past few years, mutual funds (MF) have warmed up to investing in Real Estate Investment Trusts (REITs) and Infrastructure Investment Trust (InvITs). Data from ACE MF shows that equity, debt and even multi-asset funds have been investing a small portion of their portfolio – typically up to 10 percent – in these new asset classes.
With the recent public issue of Brookfield India REITs, currently there are five REITs and InvITs available in the exchanges.
Pakistan Is Now Fully Committed to Supporting Fintech Startups, Also Updates Foreign Equity Investment Policy
Arshad Mehmood Bhatti, Director, Exchange Policy Department at the
State Bank of Pakistan (SBP), the nation’s central bank, has noted that the SBP has updated its Foreign Exchange Manual in order to facilitate local startups and Fintech firms in the country.
The manual was also updated to improve the process of handling exports from Pakistan and also to help with modernizing the foreign exchange regulations in the Asian country that’s home to around 220 million residents.
Bhatti confirmed the following updates:
“The changes include revised Equity Investment Abroad Policy, which facilitates (a) start-ups / Fintechs to establish holdco abroad to channelize investment in their operating companies, (b) exports through allowing establishment of subsidiary, branch offices, marketing offices etc, (c) acquisition of shares as sweat equity.”
Press release content from PR Newswire. The AP news staff was not involved in its creation.
Rexford Industrial Announces Fourth Quarter And Full Year 2020 Financial Results
February 10, 2021 GMT
LOS ANGELES, Feb. 10, 2021 /PRNewswire/ Rexford Industrial Realty, Inc. (the “Company” or “Rexford Industrial”) (NYSE: REXR), a real estate investment trust (“REIT”) focused on creating value by investing in and operating industrial properties in Southern California infill markets, today announced financial and operating results for the fourth quarter and full year of 2020.
Fourth Quarter 2020 Financial and Operational Highlights:
Net income attributable to common stockholders of $13.2 million, or $0.10 per diluted share, as compared to $19.9 million, or $0.18 per diluted share, for the fourth quarter of 2019.