Tag: REIT
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KKR Real Estate Finance Trust (KREF) dividend at risk
KKR Real Estate Finance Trust (KREF), a commercial mortgage REIT, is encountering difficulties due to its office loan exposures. Recent financial filings have raised concerns about dividend safety and future performance. KREF owns a diverse portfolio of $8 billion in loans secured by multifamily, office, industrial, life science, and hospitality properties. It employs a mix…
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Arbor Realty Trust (ABR) increases dividend by 5%
Arbor Realty Trust, Inc. (NYSE: ABR), today announced financial results for the first quarter ended March 31, 2023. Arbor reported net income for the quarter of $84.3 million, or $0.46 per diluted common share, compared to net income of $64.1 million, or $0.40 per diluted common share for the quarter ended March 31, 2022. Distributable earnings for the quarter was $122.2 million, or $0.62 per diluted common…
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Arbor Realty Trust (ABR) forecloses on Applesway Investment Group’s Texas apartments
The rapid rise in interest rates are pummeling real estate investment companies with adjustable rate loans. In Applesway’s case, at one property, the interest rate on the loan skyrocketed from 3.4% to about 8%. Two of their properties were also heavily leveraged with 80% debt. Arbor Realty Trust’s stock is down around 47% from a…
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CareTrust REIT raises dividend by 1.8%, 9th straight year
CareTrust REIT, Inc. (CTRE) announced today that its Board of Directors has increased its quarterly common stock cash dividend from $0.275 to $0.28 per common share. The current dividend will be payable to common stockholders of record as of the close of business on March 31, 2023 and management affirmed that the company plans to…
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Realty Income (O) announces its 120th dividend increase since 1994
The increase is only 0.20% but it is an increase never the less! Realty Income Corporation (O), The Monthly Dividend Company®, today announced its Board of Directors has declared an increase in the company’s common stock monthly cash dividend to $0.2550 per share from $0.2545 per share. The dividend is payable on April 14, 2023, to stockholders of record…
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Medical Properties Trust (MPT) announces lease of Steward Health to CommonSpirit Health
This agreement should take some of the revenue pressure off of Medical Properties Trust thereby reducing the chance of a dividend reduction in the future. More will have to be learned when Medical Properties reports their earnings later in the month. Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced that it has…