Real estate industry
The National Association of Real Estate Investment Trusts (NAREIT) has released its annual update of REIT property counts and estimated gross asset values by state and property sector. As of the end of 2023, U.S. public REITs owned an estimated 580,000 properties, a 1% increase from the previous
Real estate industry
Apple Hospitality REIT, Inc. declared a regular monthly cash distribution of $0.08 per common share, which represents an annual yield of approximately 6.6% based on the Company's common stock closing price of $14.46 on September 18, 2024. The distribution is payable on October 15, 2024,
Nursing homes
Target Healthcare REIT has posted impressive annual results, with a net asset value (NAV) total return of 11.8% for the year ended 30 June 2024. The care home landlord reported a 5.9% uplift in EPRA net tangible assets (NTA) to 110.7p per share, driven by a 4.
Corporate culture
Federal Realty Investment Trust (NYSE: FRT) has been recognized as a top workplace by both The Washington Post and The San Francisco Chronicle, underscoring its commitment to creating a supportive, inclusive, and growth-oriented work environment. The awards, based on employee feedback, highlight the company's dedication to fostering a
Real estate investment trusts
Urban Logistics REIT has completed a significant refinancing of its debt, replacing its existing £100m term loan and £51m revolving credit facility with a new £140m term loan and £50 million revolving credit facility. The company has also used the proceeds to acquire four assets, totaling £42.2m at a
Real estate industry
Granite Real Estate Investment Trust has declared a distribution of CDN $0.275 per stapled unit for the month of September 2024. This distribution will be paid on October 15, 2024, to stapled unitholders of record at the close of trading on September 27, 2024. The trust confirms that no
Commercial real estate
Investment firms are raising record sums for real estate secondary funds to buy assets from investors who are locked in due to their private nature. These funds allow investors to exit without selling their holdings at a loss, as prices for office buildings and commercial properties plummet. Goldman Sachs raised
Home ownership
A recent thought leadership panel hosted by the National Association of Real Estate Investment Trusts (NAREIT) highlighted the importance of sustainable development in making home ownership more achievable. The panel, moderated by NAREIT's SVP of government relations John Jones, brought together experts from various fields to discuss the
Real estate industry
Northwest Healthcare Properties Real Estate Investment Trust, a leading owner and operator of healthcare real estate infrastructure, has announced a distribution of $0.03 per unit for the month of September 2024. This represents an annualized rate of $0.36 per unit. The distribution will be payable on October 15,
Real estate industry
KIP Real Estate Investment Trust has announced proposals for an acquisition, placement, and placement to Dato' Ong Kook Liong and persons connected, a significant development in the company's operations. The trust has shared detailed information with Bursa Malaysia Stock Exchange regarding the proposed transactions, outlining key terms
Office buildings
Nexus Industrial REIT, a Canada-focused industrial real estate investment trust (REIT), has announced the sale of its 50% ownership interest in six office buildings in Montreal, Quebec. The sale completes the REIT's strategy to exit its legacy office and retail portfolios and further concentrate on industrial assets. The
Central business districts
The National Railways of Zimbabwe's (NRZ) pension fund-backed real estate investment trust (REIT), REVITUS, remains committed to revitalizing its properties in the Central Business District (CBD) of Harare, Zimbabwe. The trust's key properties include Atlas House, Chester House, and Electra House in Harare, as well as
