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American Assets Trust, Inc. Reports Fourth Quarter and Year-End 2020 Financial Results and .
American Assets Trust, Inc.February 9, 2021 GMT
Net income available to common stockholders of $2.9 million and $27.7 million for the three months and year ended December 31, 2020, respectively, or $0.05 and $0.46 per diluted share, respectively
Funds From Operations per diluted share decreased 27% and 14% year-over-year for the three months and year ended December 31, 2020, respectively, or $0.41 and $1.89 per diluted share, respectively
Collected 92% to date of rents that were due during the fourth quarter of 2020
SAN DIEGO, Feb. 09, 2021 (GLOBE NEWSWIRE) American Assets Trust, Inc. (NYSE: AAT) (the “company”) today reported financial results for its fourth quarter and year ended December 31, 2020.
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Scott Wolstein has had a long and distinguished career as one of the top leaders and developers in the real estate industry. As chairman and CEO of DDR Corp., he led a successful IPO and grew its assets from $400 million to $16 billion, becoming a world-leader in open-air shopping center ownership, management and development.
“The world is your oyster, Wolstein explains to Host Greg Muzzillo on Million Dollar Monday. “You can do whatever you want. You see an opportunity and you think it’s right for you, just go for it. Don’t think you have to have it all tied in a bow. If it’s a good enough opportunity and you pursue it aggressively, you’ll find a way.”
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Medical Properties Trust, Inc. Reports Fourth Quarter and Full-Year Results
February 4, 2021 GMT
BIRMINGHAM, Ala. (BUSINESS WIRE) Feb 4, 2021
Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced financial and operating results for the fourth quarter and full-year ended December 31, 2020 as well as certain events occurring subsequent to quarter end.
Net income of $0.20 and Normalized Funds from Operations (“NFFO”) of $0.41 for the 2020 fourth quarter and net income of $0.81 and NFFO of $1.57 for the full-year 2020, all on a per diluted share basis;
MAA Reports Fourth Quarter And Full Year Results
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GERMANTOWN, Tenn., Feb. 3, 2021 /PRNewswire/ Mid-America Apartment Communities, Inc., or MAA (NYSE: MAA), today announced operating results for the quarter and year ended December 31, 2020.
Net Income Available for Common Shareholders
For the quarter ended December 31, 2020, net income available for MAA common shareholders was $82.4 million, or $0.72 per diluted common share, compared to $148.7 million, or $1.30 per diluted common share, for the quarter ended December 31, 2019. Results for the quarter ended December 31, 2020, included $17.2 million, or $0.15 per diluted common share, of non-cash income related to the fair value adjustment of the embedded derivative in the MAA Series I preferred shares. Results for the quarter ended December 31, 2019, included $82.8 million, or $0.72 per diluted common share, of gains related to the sale of real estate assets and
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In the past several months, continuing a practice begun with the 2016 acquisition of teen apparel retailer Aeropostale, Simon Property Group acquired a slew of retailers. In a way, bankruptcy courts last year served as shopping centers of a sort themselves. Simon, in partnership with licensing and brand management firm Authentic Brands Group (via their 50/50 joint venture, Sparc), bought Lucky Brand and Brooks Brothers; earlier in the year, with rival Brookfield, they bought Forever 21. At the end of the year, Brookfield and Simon snapped up J.C. Penney for a cash payment of $692 million and new term debt.
It s unusual, but there are reasons why a landlord might want to own its tenant, or even many tenants. Speaking to analysts last year, Simon Property CEO David Simon cited the most fundamental of all to make money while minimizing the risk by calling it a sideline business.