Retail Opportunity Investments Corp. Reports 2020 Results
SAN DIEGO, Feb. 23, 2021 (GLOBE NEWSWIRE) Retail Opportunity Investments Corp. (NASDAQ:ROIC) announced today financial and operating results for the year and three months ended December 31, 2020.
YEAR 2020 HIGHLIGHTS
$132.5 million in Funds From Operations (FFO)
(1) ($1.05 per diluted share)
90.6% of total billed base rent during pandemic has been paid to date (2Q‘20 – 4Q‘20)
96.8% portfolio lease rate at year-end (8th consecutive year above 96%)
1.2mm sq. ft. of leases executed (10th consecutive year of leasing ~ 2x original expirations)
12.5% increase in same-space cash rents on new leases (7.9% increase on renewals)
4.6% decrease in same-center cash net operating income (2020 vs. 2019)
96.5% of total debt effectively fixed-rate at year-end (no debt maturing in 2021)
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SALT LAKE CITY, Feb. 22, 2021 /PRNewswire/ Extra Space Storage Inc. (NYSE: EXR) (the Company ), a leading owner and operator of self-storage facilities in the United States and a member of the S&P 500, announced operating results for the three months and year ended December 31, 2020.
Highlights for the three months ended December 31, 2020:
Achieved net income attributable to common stockholders of $1.19 per diluted share, representing a 38.4% increase compared to the same period in 2019.
Achieved funds from operations attributable to common stockholders and unit holders ( FFO ) of $1.48 per diluted share. FFO, excluding acceleration of share-based compensation expense due to retirement of an executive officer and adjustments for non-cash interest ( Core FFO ), was $1.48 per diluted share, representing a 16.5% increase compared to the same period in 2019.
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The GEO Group, Inc. (NYSE: GEO) (“GEO”), a fully integrated equity real estate investment trust (“REIT”) and a leading provider of enhanced in-custody rehabilitation, post-release support, and community-based programs, reported today its financial results for the fourth quarter and full-year 2020 and issued financial guidance for 2021.
Fourth Quarter 2020 Highlights
Net Income Attributable to GEO of $11.9 million or $0.09 per diluted share
4Q20 results reflect $21.1 million Goodwill impairment charge related to GEO’s reentry centers primarily due to COVID-19
Adjusted Net Income of $0.33 per diluted share
Net Operating Income of $151.1 million
Normalized FFO of $0.48 per diluted share
AFFO of $0.62 per diluted share
MGM Growth Properties Reports Fourth Quarter And Full Year Financial Results
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LAS VEGAS, Feb. 16, 2021 /PRNewswire/ MGM Growth Properties LLC ( MGP or the Company ) (NYSE: MGP) today reported financial results for the quarter and year ended December 31, 2020. Net income attributable to MGP Class A shareholders for the quarter was $41.5 million, or $0.31 per dilutive share, and for the year ended December 31, 2020 was $76.1 million, or $0.59 per dilutive share.
Financial highlights for the fourth quarter of 2020:
Consolidated rental revenue of $188.3 million;
Consolidated net income of $91.3 million, or $0.31 per diluted Operating Partnership unit;
Consolidated Funds From Operations