Tenant

Modiv Industrial Announces First Quarter 2024 Results

Retrieved on: 
Thursday, May 2, 2024
Commercial Building & Real Estate, Construction & Property, Other Retail, Finance, Professional Services, REIT, Retail, Residential Building & Real Estate, CBRE, Sale, MSA, Probability, Tenant, News, Housing, Motivation, NAV, LOI, Atlantic Ocean, Webcast, Wind, Exercise, Cushman & Wakefield, MDV, KB Home, Acquisition, Negotiation, Human, GAAP, Industrial, Letter, Commercial property

Modiv Industrial, Inc. (“Modiv Industrial”, “Modiv”, the “Company”, “we” or “our”), (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate, today announced operating results for the first quarter ended March 31, 2024.

Key Points: 
  • Modiv Industrial, Inc. (“Modiv Industrial”, “Modiv”, the “Company”, “we” or “our”), (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate, today announced operating results for the first quarter ended March 31, 2024.
  • “Of all the quarterly earnings releases, first quarter is always the most quirky in terms of timing given that it comes so soon after the release of fourth quarter results.
  • Until we meet again… hug your families, enjoy life and stay modivated!” – Aaron Halfacre, CEO of Modiv Industrial.
  • A conference call and audio webcast with analysts and investors will be held on Thursday, May 2, 2024, at 10:30 a.m. Eastern Time / 7:30 a.m. Pacific Time, to discuss the first quarter 2024 operating results and answer questions.

Paramount Announces First Quarter 2024 Results

Retrieved on: 
Wednesday, May 1, 2024
Commercial Building & Real Estate, Construction & Property, REIT, Tenant, FFO, FAS, Paramount Group, GAAP, Projection, Disclosure

Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) filed its Quarterly Report on Form 10-Q for the quarter ended March 31, 2024 today and reported results for the first quarter ended March 31, 2024.

Key Points: 
  • Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) filed its Quarterly Report on Form 10-Q for the quarter ended March 31, 2024 today and reported results for the first quarter ended March 31, 2024.
  • Declared a first quarter cash dividend of $0.035 per common share on March 15, 2024, which was paid on April 15, 2024.
  • Same Store Cash NOI decreased by $1.4 million, or 1.5%, to $89.2 million for the quarter ended March 31, 2024 from $90.6 million for the quarter ended March 31, 2023.
  • Same Store NOI decreased by $3.4 million, or 3.5%, to $93.9 million for the quarter ended March 31, 2024 from $97.3 million for the quarter ended March 31, 2023.

Hudson Pacific Properties Reports First Quarter 2024 Financial Results

Retrieved on: 
Wednesday, May 1, 2024
Commercial Building & Real Estate, Construction & Property, REIT, Corporation, Total, Tenant, San Francisco Bay Area, Public expenditure, FFO, WGA, Corporate social responsibility, Don Quixote, NOI, International Brotherhood of Teamsters, Concourse, GAAP, Growth, Sunset, Balance sheet, Sunset Las Palmas Studios

Hudson Pacific Properties, Inc. (NYSE: HPP) (the "Company," "Hudson Pacific," or "HPP"), a unique provider of end-to-end real estate solutions for dynamic tech and media tenants, today announced financial results for the first quarter 2024.

Key Points: 
  • Hudson Pacific Properties, Inc. (NYSE: HPP) (the "Company," "Hudson Pacific," or "HPP"), a unique provider of end-to-end real estate solutions for dynamic tech and media tenants, today announced financial results for the first quarter 2024.
  • "Our office leasing momentum accelerated to start off the year, as we signed over 500,000 square feet of leases in the first quarter.
  • "While we remain focused on further strengthening our balance sheet through targeted asset sales, in the first quarter, we purchased our partners’ stake in 1455 Market in San Francisco.
  • There can be no assurance that actual results will not differ materially from these estimates.

KBRA Assigns Preliminary Ratings to BX 2024-MDHS

Retrieved on: 
Tuesday, April 30, 2024
Finance, Data Analytics, Professional Services, Other Professional Services, Insurance, Tenant, KLTV, Engineering, KBRA, CMBS, BX, Telescopic sight

KBRA announces the assignment of preliminary ratings to six classes of BX 2024-MDHS, a CMBS single-borrower securitization.

Key Points: 
  • KBRA announces the assignment of preliminary ratings to six classes of BX 2024-MDHS, a CMBS single-borrower securitization.
  • The collateral for the transaction is a $1.38 billion floating rate, interest-only mortgage loan.
  • The loan has an initial two-year term with three, one-year extension options and requires monthly interest-only payments based on an expected SOFR cap of 5.50%.
  • In total, the portfolio contains 17.1 million sf and is located in 15 states throughout the US.

dope.security Introduces CASB Neural, the Industry’s First Data Loss Prevention Powered by Large Language Models

Retrieved on: 
Tuesday, April 30, 2024
Security, Technology, Apps, Applications, Artificial Intelligence, Software, Dopamine, Introduction, UI, Tenant, PII, SWG, CISO, Intellectual property, LLM, Software as a service, PCI, OneDrive, Google Workspace, DLP, PHI, CASB, Microsoft, Multimedia, Internet, Deep learning, Dietary supplement

dope.security , the fly-direct Secure Web Gateway (SWG), today announced the launch of CASB Neural — the first cloud access security broker (CASB) tool powered by deep learning AI.

Key Points: 
  • dope.security , the fly-direct Secure Web Gateway (SWG), today announced the launch of CASB Neural — the first cloud access security broker (CASB) tool powered by deep learning AI.
  • CASB Neural by dope.security fuses beautiful design and deep learning AI to crawl, extract, and understand publicly exposed data.
  • View the full release here: https://www.businesswire.com/news/home/20240430829686/en/
    dope.security Introduces CASB Neural, the Industry’s First Data Loss Prevention Powered by Large Language Models (Graphic: Business Wire)
    “Externally shared documents in your 365, Google Workspace, and other SaaS apps is a painful problem.
  • “CASB Neural solves it into a one-click configuration and uses the best large language models to perform DLP giving customers instant visibility into data exposure — we call it Dopamine.”
    In theory, today’s CASBs were supposed to be effective at managing SaaS security and limiting data exposure.

JBG SMITH Announces First Quarter 2024 Results

Retrieved on: 
Tuesday, April 30, 2024
Residential Building & Real Estate, Architecture, Commercial Building & Real Estate, Construction & Property, Sale, Tax, GAAP, Trustee, Tenant, Commercial property

Includes impairment loss of $17.2 million related to non-depreciable real estate assets recorded during the three months ended March 31, 2024.

Key Points: 
  • Includes impairment loss of $17.2 million related to non-depreciable real estate assets recorded during the three months ended March 31, 2024.
  • Same Store NOI ("SSNOI") at our share increased 6.5% quarter-over-quarter to $75.7 million for the three months ended March 31, 2024.
  • For the three months ended March 31, 2024, revenue from third-party real estate services, including reimbursements, was $17.9 million.
  • On April 25, 2024, our Board of Trustees declared a quarterly dividend of $0.175 per common share, payable on May 24, 2024 to shareholders of record as of May 10, 2024.

Galvanize Real Estate Acquires First Asset in Pioneering Profitable Decarbonization Strategy

Retrieved on: 
Friday, April 26, 2024
Professional Services, Sustainability, Alternative Energy, Energy, Socially Responsible Investing, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Environment, Green Technology, Urban Planning, Finance, Environmental, Social and Governance (ESG), Goldman Sachs, CO, Real estate, Baltimore/Washington International Airport, Tenant, Policy, Built environment, GRE, Natural gas, Heart, Partnership, Carbon, Dulles International Airport, ESG, Acquisition, Multimedia, I-95, Port, Asset management, Renewable energy

Galvanize Real Estate (“GRE”), the sustainable real estate strategy of global investment firm Galvanize Climate Solutions (“Galvanize”), today announced its acquisition of an 84,000 sq.

Key Points: 
  • Galvanize Real Estate (“GRE”), the sustainable real estate strategy of global investment firm Galvanize Climate Solutions (“Galvanize”), today announced its acquisition of an 84,000 sq.
  • (Photo: Business Wire)
    GRE’s sustainable real estate strategy aims to invest in and decarbonize properties while improving cash flow and increasing asset value.
  • “I’m thrilled that GRE has made its first investment in the Baltimore-Washington corridor, a target market for us due to its strong real estate fundamentals and sustainability factors,” noted Joseph Sumberg, Managing Partner & Head of Galvanize Real Estate.
  • Of its team of eight real estate professionals, five previously worked together at Goldman Sachs.

COPT Defense Reports First Quarter 2024 Results

Retrieved on: 
Thursday, April 25, 2024
REIT, Defense, Commercial Building & Real Estate, Other Defense, Construction & Property, Supplement, Investment, Tenant, CDP, Trustee, FFO, Foot, LEED, Acquisition, EPS, NOI, Dilution, Growth

COPT Defense Properties (“COPT Defense” or the “Company”) (NYSE: CDP) announced results for the first quarter ended March 31, 2024.

Key Points: 
  • COPT Defense Properties (“COPT Defense” or the “Company”) (NYSE: CDP) announced results for the first quarter ended March 31, 2024.
  • Stephen E. Budorick, COPT Defense’s President & Chief Executive Officer, commented, “Our Defense/IT investment strategy, which concentrates our portfolio near priority U.S. defense installations, generated strong results in the first quarter with FFO per share exceeding the midpoint of our guidance range by $0.02.
  • During the quarter ended March 31, 2024, the Company placed into service $32.3 million of developments totaling 73,000 square feet that were 100% leased.
  • For the quarter ended March 31, 2024, the Company’s adjusted EBITDA fixed charge coverage ratio was 4.5x.

Healthpeak Properties Reports First Quarter 2024 Results and Declares Quarterly Cash Dividend on Common Stock

Retrieved on: 
Thursday, April 25, 2024
Health, Hospitals, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, REIT, Conversation, Tenant, Telephone, Webcast, General Atomics, Share repurchase

Healthpeak now forecasts year one merger-related synergies of $45 million, an increase of $5 million compared to the prior estimate.

Key Points: 
  • Healthpeak now forecasts year one merger-related synergies of $45 million, an increase of $5 million compared to the prior estimate.
  • The enhanced amenity offering, improved connectivity, and significantly lower tenant operating costs relative to new construction, provide Healthpeak a competitive leasing advantage.
  • Poway R&D Portfolio: In April 2024, Healthpeak sold a portfolio of seven buildings in the Poway submarket of San Diego for $180 million.
  • On April 24, 2024, Healthpeak's Board declared a quarterly common stock cash dividend of $0.30 per share to be paid on May 17, 2024, to stockholders of record as of the close of business on May 6, 2024.

KBRA Assigns Preliminary Ratings to MED 2024-MOB

Retrieved on: 
Wednesday, April 24, 2024
Professional Services, Finance, LLP, Tenant, NCF, KLTV, MED, KBRA, CMBS, Methodology, Telescopic sight

KBRA announces the assignment of preliminary ratings to three classes of MED 2024-MOB, a CMBS single-borrower securitization.

Key Points: 
  • KBRA announces the assignment of preliminary ratings to three classes of MED 2024-MOB, a CMBS single-borrower securitization.
  • The collateral for the transaction is a $450.5 million floating rate, interest-only mortgage loan.
  • The loan has an initial two-year term with three, one-year extension options and requires monthly interest-only payments based on a SOFR cap of 5.50%.
  • The portfolio properties are located in 13 states, of which the three largest are New York (29.4%), Texas (20.4%), and Indiana (10.1%).