Latest news with #RealEstateInvestmentTrust
Globe and Mail
28-05-2025
- Business
- Globe and Mail
ARTIS REAL ESTATE INVESTMENT TRUST ANNOUNCES VOTING RESULTS FROM THE 2025 ANNUAL MEETING OF UNITHOLDERS
WINNIPEG, MB, May 28, 2025 /CNW/ - Artis Real Estate Investment Trust ("Artis" or the "REIT") (TSX: announced today the results of matters voted on at its annual meeting of unitholders held on May 27, 2025 (the "Meeting").
Time of India
07-05-2025
- Business
- Time of India
Nexus Select Trust acquires Ludhiana mall, hotel for Rs 490 crore
Listed Real Estate Investment Trust (REIT) Nexus Select Trust has completed the acquisition of MBD Complex , which consists of an operational mall and a hotel in Ludhiana at a total enterprise value of Rs 531 crore including consideration of Rs 490 transaction comprising a 0.3 million sq ft urban consumption centre and a 96-key Radisson Hotel marks the REIT's second post-listing asset and reinforces its inorganic growth enterprise value includes a purchase consideration, associated stamp duty of Rs 10 crore, closing costs and a provision for planned capital expenditure--covering hotel renovations, mall upgrades, etc, the REIT said in a regulatory filing.'With a strong presence already established in Chandigarh and Amritsar, this addition strengthens our portfolio and deepens our roots in a strong consumption-driven market…this acquisition aligns perfectly with our long-term vision to build a resilient, pan-India platform anchored in growth, sustainability, and consumer delight,' said Dalip Sehgal, Executive Director and CEO Nexus Select acquisition is completely financed by maiden issuance of sustainability-linked bonds , he said while adding the property is acquired at a significant discount to independent valuation, the deal is both net asset value and distribution per unit accretive that will help deliver immediate value to Mall's current occupancy rate is around 95%, anchored by a well-diversified tenant base with key international and domestic asset has been acquired at 14% discount to independent valuation and is expected to deliver a stabilized retail net operating income of Rs 37 crore and Rs 12.5 crore hotel operating profit in 2025-26.
Yahoo
17-04-2025
- Business
- Yahoo
Prologis reports first-quarter results above estimates
Warehouse-focused Real Estate Investment Trust (REIT) Prologis beat Wall Street estimates for first-quarter revenue and funds from operations (FFO) on Wednesday, as limited supply in the market and higher construction costs supported rent growth. Prologis said it signed leases totaling 58 million square feet in the quarter and expanded its power capacity to support the growing demand for data centers. Warehouse operators like Prologis have benefited in the recent months as companies rushed to bring in goods early, fearing price hikes from President Donald Trump's tariffs, boosting demand for self-storage spaces. However, CEO Hamid Moghadam said, "In the near term, policy uncertainty is making customers more cautious." The REIT, which focuses on logistics real estate, now expects full-year general and administrative expenses to be between $450 million and $470 million, up from $440 million to $460 million previously. Prologis reported a quarterly core FFO, a key REIT metric closely monitored by investors, of $1.43 per share, compared with analysts' average estimate of $1.38 per share, according to data compiled by LSEG. The San Francisco, California-based company's total revenue was $2.14 billion, up from $1.96 billion a year ago, beating analysts' expectations of $2.04 billion. Prologis, which operates in 19 countries, counts Amazon, Home Depot, FedEx and UPS as its biggest customers. Shares of the company were up about 1% at $98.8 in premarket trading following the results. Sign in to access your portfolio
Yahoo
21-03-2025
- Politics
- Yahoo
It's time to balance access with conservation on public lands and waters
Anglers on the Big Hole River near the Powerhouse fishing access site on Aug. 2, 2023. (Photo by Blair Miller, Daily Montanan) There was some good news this week when a federal appeals court upheld a lower court ruling that 'corner crossing' from public land to public land is not trespassing on adjoining private lands. Thanks to that ruling, the efforts by another billionaire landowner to lock the public out of our own lands has failed – and corner crossing will now be legal in six Western states. The issue is significant due a horrendous policy mistake when the federal government deeded every other section of public land across the West to railroad barons between 1850 and 1872 as an incentive to lay track. The joke was on the public since many of those deeded lands never saw permanent rail lines built. Indeed it's rare that one can see any railroads from most of the 'checkerboard' sections. Those lands in Montana were infamously logged mercilessly when Burlington-Northern Railroad's subsidiary, Plum Creek Timber Company, decided to 'liquidate its timber assets' in the 1980s. Adding insult to injury, it then turned itself into a Real Estate Investment Trust in 1999 and is now subdividing and selling off those formerly forested parcels across the nation. Other checkerboard sections were purchased by wealthy individuals or corporations, in many instances with the goal of surrounding and locking up public lands and their fish, wildlife, and recreational assets by locking out public access, including 'corner crossing' from one public section to another. That particular ploy has now fallen by the wayside after Wyoming hunters used a ladder to cross the private fence to the adjoining public land and never touched the private sections. Hence, the court's decision that it was not trespassing. Of course the ruling has been applauded by public lands advocates who have increasingly placed 'access' as their main goal rather than conservation of the public resources. And therein lies the rub. Access and conservation are simply not the same thing — especially not when those same public lands and waters are increasingly pressured. A great recent example would be the Montana legislature's recent move to spend a whopping $2.7 million to study who uses Montana's rivers, many of which are now so crowded the once-common opportunity to enjoy a river in the quiet solitude of Nature no longer exists. One wouldn't have to study too long on the Yellowstone, Blackfoot, Bitterroot, Madison or Missouri Rivers to see the flotillas of outfitter and private drift boats, rafts, paddleboards, and inner tubes clogging the river. But when politicians or agencies lack the courage to address a sticky problem, they appoint task forces, advisory councils, and do studies. A great example would be the Upper Madison where, after public outcry over too many outfitters on the river, task forces and studies have been on-going for decades without resolution. At some point, we have to weigh the impacts of use on the resource itself to determine the actual carrying capacity of our rivers and public lands to balance access with conservation. As usual, however, the commodification of those assets by profit-driven entities continues to outweigh the impacts to the public resource. The simple truth is that the conservation of those resources is going to require significant investment. For instance, Montana's list of 'chronically dewatered' rivers and streams has been in existence for decades — yet, most of those rivers remain chronically dewatered. If our legislature really wanted to do the right thing, they'd put half of that $2.7 million into buying and leasing water rights to keep those rivers flowing, the fisheries healthy, and actually conserve the resource — instead of splurging on yet another study to document the on-going decline.
Yahoo
20-02-2025
- Business
- Yahoo
Two Harbors Investment Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag
Revenue: US$622.1m (up 144% from FY 2023). Net income: US$250.0m (up from US$153.2m loss in FY 2023). Profit margin: 40% (up from net loss in FY 2023). The move to profitability was primarily driven by higher revenue. EPS: US$2.41 (up from US$1.60 loss in FY 2023). All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue missed analyst estimates by 7.5%. Earnings per share (EPS) exceeded analyst estimates significantly. In the last 12 months, the only revenue segment was Real Estate Investment Trust contributing US$622.1m. Explore how TWO's revenue and expenses shape its earnings. Looking ahead, revenue is expected to decline by 159% p.a. on average during the next 2 years, while revenues in the Mortgage REITs industry in the US are expected to grow by 20%. Performance of the American Mortgage REITs industry. The company's shares are up 3.3% from a week ago. Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Two Harbors Investment (2 are significant) you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
