REIT - Spark Newswire

2 minute read

Parallel Cannabis’ Lawsuit Exposes ETF’s iShares, YOLO

Today, 12:43 PM

Early in March, Parallel Cannabis, a vertically-integrated cannabis company that operates in several states, including Florida, Texas, Massachusetts, Nevada and Pennsylvania, was sued by investors of its subsidiary Surterra Wellness. Investors suggest management indebted the firm intentionally to exit with a profit.

CURLF

2 minute read

The US Lost 1.3 Million Acres Of Farmland In 2021 – Here’s Why It Matters

By Kevin Vandenboss

Today, 12:43 PM

The latest Farm and Land in Farms report from the United States Department of Agriculture (USDA) shows the US lost 1.3 million acres of farmland in 2021. The total land in farms decreased from 896,600,000 acres in 2020 to 895,300,000 acres in 2021.

FPI

2 minute read

REIT Earnings Rose 24.6% In 2021: Report

By Phil Hall

Today, 12:43 PM

The total earnings for real estate investment trusts (REITs) in 2021 as measured by funds from operations (FFO) for all equity REITs increased 24.6% year-over-year to $64.8 billion, according to the Total REIT Industry Tracker Series data released by Nareit, the sector’s trade organization.

SPY

2 minute read

Blackstone Pays $5.8B To Acquire Preferred Apartment Communities: What You Need To Know

By Phil Hall

Today, 12:43 PM

Blackstone Inc. (NYSE: BX) is acquiring Preferred Apartment Communities Inc. (NYSE: APTS) for $5.8 billion in an all-cash transaction.

APTS

2 minute read

BofA Downgrades Getty Realty, National Retail Properties, Names Top Triple-Net REITs For 2022

By Wayne Duggan

Today, 12:43 PM

On Thursday, Bank of America analyst Joshua Dennerlein updated his coverage of triple-net real estate investment trusts (REITs), and adjusted his ratings for several stocks. The Analyst: Dennerlein made the following changes to his coverage:

EPR

1 minute read

Michigan-Based REIT Agree Realty To Move To New Headquarters

By Aaron Bry

Today, 12:43 PM

Agree Realty Corporation (NYSE: ADC), a Michigan-based real estate investment trust, announced Wednesday plans to move its headquarters to Royal Oak, a suburb about 20 minutes north of downtown Detroit.

ADC

1 minute read

Cannabis REIT AFC Gamma Raises $61.5M Via Underwritten Public Share Offering

By Jelena Martinovic

Today, 12:43 PM

AFC Gamma, Inc.

AFCG

2 minute read

These Were The Equity REITs With The Highest Total Returns in 2021

By Kevin Vandenboss

Today, 12:43 PM

Equity REITs had an overall strong year in 2021, with the FTSE Nareit All Equity REITs Index producing total returns of 41.3%.

APTS

1 minute read

Why Bluerock Residential Shares Are Soaring Today

By Adam Eckert

Today, 12:43 PM

Bluerock Residential Growth REIT Inc (NYSE: BRG) is soaring Monday morning after the company announced Blackstone will acquire all outstanding shares of its common stock for $24.25 per share in an all-cash transaction valued at $3.6 billion.

BRG

1 minute read

Marijuana REIT IIP Declares Q4 Dividends Of $1.50 Per Share

By Nina Zdinjak

Today, 12:43 PM

Innovative Industrial Properties, Inc. (NYSE: IIPR) announced Wednesday that its board of directors has declared a fourth quarter 2021 dividend of $1.50 per share of common stock. The dividend is equivalent to an annualized dividend of $6.00 per common share.

IIPR