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CoreCivic Reports Fourth Quarter and Full Year 2020 Financial Results
CoreCivic, Inc.February 10, 2021 GMT
BRENTWOOD, Tenn., Feb. 10, 2021 (GLOBE NEWSWIRE) CoreCivic, Inc. (NYSE: CXW) (the Company) announced today its financial results for the fourth quarter and full year 2020.
Financial Highlights – Full Year 2020
Total revenue of $1.91 billion
CoreCivic Safety revenue of $1.71 billion
CoreCivic Community revenue of $106.0 million
CoreCivic Properties revenue of $93.1 million
Net income attributable to common stockholders of $54.2 million
Diluted EPS per share of $0.45
Adjusted diluted EPS of $1.32
Normalized FFO per diluted share of $2.25
Adjusted EBITDA of $404.8 million
Earnings Conference Call
Kite Realty Group Trust will conduct a conference call to discuss its financial results on Friday, February 12, 2021, at 9:00 a.m. Eastern Time. A live webcast of the conference call will be available on KRG’s corporate website at www.kiterealty.com. The dial-in numbers are (844) 309-0605 for domestic callers and (574) 990-9933 for international callers (Conference ID: 1891788). In addition, a webcast replay link will be available on the corporate website
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About Kite Realty Group Trust
Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences. We connect consumers to retailers in desirable markets through our portfolio of neighborhood, community, and lifestyle centers. Using operational, development, and redevelopment expertise, we continuously optimize our portfolio to maximize value and return to our shareholders. For more informat
Sunstone Hotel Investors Reports Results For Fourth Quarter And Full Year 2020
To Reposition and Rebrand the Renaissance Washington DC to The Westin Washington DC
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IRVINE, Calif., Feb. 11, 2021 /PRNewswire/ Sunstone Hotel Investors, Inc. (the Company or Sunstone ) (NYSE: SHO), the owner of Long-Term Relevant Real Estate® in the hospitality sector, today announced results for the fourth quarter and year ended December 31, 2020.
Fourth Quarter 2020 Operational Results (as compared to Fourth Quarter 2019):
Resumption of Hotel Operations: 15 of the Company s 17 hotels were in operation as of December 31, 2020 (see details below), and 13 of the Company s 17 hotels were in operation for the entirety of the fourth quarter 2020.
By Manpreet Gill
Over the last decade, low bond yields and major central banks’ zero interest rate policy have been rough for investors looking for income.
When the Fed cut its policy rate effectively to zero in 2008, we saw a ‘race for income’ kick-off. In our view, this race remains far from over. Today, about USD 17tn of the world’s bond markets offer a negative bond yield. Are income investors condemned to accepting ever lower yields?
The answer is no!
In our view, investors who follow a multi-asset income strategy can still achieve 4-5% yield over a 12-month period. The key to success is in pulling together a judicious mix of income assets across bonds, equities and non-traditional income assets, and carefully assessing where to take on more risk, based on individual appetite.
EastGroup Properties Announces Fourth Quarter and Year 2020 Results
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Fourth Quarter 2020 Results
Net Income Attributable to Common Stockholders of $0.94 Per Diluted Share for Fourth Quarter 2020 Compared to $1.28 Per Diluted Share for Fourth Quarter 2019 (Gains on Sales of Real Estate Investments Were $13 Million, or $0.33 Per Diluted Share, for Fourth Quarter 2020, and $30 Million, or $0.77 Per Diluted Share, for Fourth Quarter 2019)
Funds from Operations of $1.38 Per Share for Fourth Quarter 2020 Compared to $1.27 Per Share for Fourth Quarter 2019, an Increase of 8.7%
Same Property Net Operating Income for the Same Property Pool Excluding Income From Lease Terminations for Fourth Quarter 2020 Increased 2.2% on a Cash Basis and 2.0% on a Straight-Line Basis Compared to Fourth Quarter 2019