BEP“) today reported financial results for the three months ended March 31, 2021.
“We had a strong quarter, as we executed on our key priorities, including investing in growth, delivering on our corporate contracting initiatives and bolstering our liquidity,” said Connor Teskey, CEO of Brookfield Renewable. “The tailwinds for renewables are accelerating as governments and businesses around the world are intensifying their focus on decarbonization. Given our global scale, operational depth, and financial strength, we remain uniquely positioned to participate in the accelerating build out of renewables that will impact all sectors of the economy.”
Financial Results
For the three months ended
Summit Hotel Properties Reports First Quarter 2021 Results
Portfolio Demand and RevPAR Accelerate to New Highs Since Onset of Pandemic
Six-Hotel Portfolio Contribution to GIC Joint Venture Completed for $172 Million
Current Liquidity Bolstered to Nearly $450 Million
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AUSTIN, Texas, May 4, 2021 /PRNewswire/ Summit Hotel Properties, Inc. (NYSE: INN) (the Company ), today announced results for the first quarter ended March 31, 2021. Hotel demand, particularly leisure demand, improved significantly during the latter part of the first quarter driving March RevPAR to a new high of more than $65 since the onset of the pandemic, which exceeded February s previous high by nearly 30%, said Jonathan P. Stanner, the Company s President and Chief Executive Officer. We also completed the contribution of six hotels to our existing joint venture with GIC for $172 million subsequent to quarter end which generated net proceeds of $83
Healthpeak Reports First Quarter 2021 Results
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DENVER, May 4, 2021 /PRNewswire/ Healthpeak Properties, Inc. (NYSE: PEAK) today announced results for the first quarter ended March 31, 2021.
FIRST QUARTER 2021 FINANCIAL PERFORMANCE AND RECENT HIGHLIGHTS
– Net income of $0.27 per share, NAREIT FFO of $0.07 per share, FFO as Adjusted of $0.40 per share and blended Total Same-Store Portfolio Cash (Adjusted) NOI growth of 4.3%
– From our February 9, 2021 earnings release through April 30, 2021, closed on an additional $1 billion of senior housing sales including 31 SHOP assets at a blended 2.6% annualized trailing 3-month cap rate
$564 million sale of a 12-property SHOP portfolio, totaling 1,043 units, operated by Oakmont Senior Living
Lamar Advertising Lifts FY21 Net Income, AFFO Outlook
WASHINGTON (dpa-AFX) - While reporting weak first-quarter results, Lamar Advertising Co. (LAMR) said it is raising fiscal 2021 outlook to reflect the expected continued recovery from the COVID-19 pandemic during 2021.
For the year, the company now expects net income per share between $2.96 and $3.12, with Adjusted Funds From Operations or AFFO per share between $5.40 and $5.60.
The company previously expected net income per share in the range of $2.76-$3.02 and AFFO per share between $5.20 and $5.50.
In fiscal 2020, net income per share was $2.41 and AFFO was $5.10 per share.
On average, four analysts polled by Thomson Reuters expect earnings of $3.02 per share for the year. Analysts estimates typically exclude special items.
Centerspace Reports Strong First Quarter 2021 Financial Results
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MINNEAPOLIS, May 3, 2021 /PRNewswire/ Centerspace (NYSE: CSR) announced today its financial and operating results for the quarter ended March 31, 2021. The tables below show Net Income, Funds from Operations ( FFO )
1, and Core FFO
1, all on a per share basis, for the three months ended March 31, 2021; Same-Store Revenues, Expenses, and Net Operating Income ( NOI )
1 over comparable periods; and Same-Store Weighted-Average Occupancy for the three months ended March 31, 2021, December 31, 2020, and March 31, 2020.
Three Months Ended March 31,
Per Share
Q1 2021 vs. Q4 2020
Revenues
(1)
NOI, FFO, Core FFO, and same-store results are non-GAAP financial measures. For more information on their usage and presentation, and a reconciliation to the most directly comparable GAAP measures, refer to Non-GAAP Financial Measures and Reconciliations below.