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Construction & Property
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PennyMac Financial Services, Inc. Announces Pricing of Private Offering of $650 Million of Senior Notes

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) and its subsidiaries (the “Company” or “PennyMac Financial”) today announced the pricing of its previously announced offering of $650 million aggregate principal amount of 6.750% Senior Notes due 2034 (the “Notes”). The Notes will bear interest at 6.750% per annum and will mature on February 15, 2034. Interest on the Notes will be payable semi-annually on February 15 and August 15 of each year, beginning o...
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SmartCentres Real Estate Investment Trust Releases Second Quarter Results for 2025

TORONTO--(BUSINESS WIRE)--SmartCentres Real Estate Investment Trust (“SmartCentres”, the “Trust” or the “REIT”) (TSX: SRU.UN) is pleased to report its financial and operating results for the quarter ended June 30, 2025. “Building on Q1, we are pleased to report continued momentum in leasing demand and operational performance in Q2,” said Mitchell Goldhar, CEO of SmartCentres. “Occupancy has improved to 98.6% with approximately 148,000 square feet leased up during the quarter and rent growth of...
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Dream Office REIT Reports Q2 2025 Results

TORONTO--(BUSINESS WIRE)--DREAM OFFICE REAL ESTATE INVESTMENT TRUST (D.UN-TSX) (“Dream Office REIT”, the “Trust” or “we”) today announced its financial results for the three months ended June 30, 2025. Management will host a conference call to discuss the financial results on Friday, August 8, 2025, at 10:00 a.m. (ET). OPERATIONAL HIGHLIGHTS AND UPDATE (unaudited)     As at   June 30,     March 31,     June 30,     2025     2025     2024 Total properties(1)                 Number of active prop...
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Transcontinental Realty Investors, Inc. reports Earnings for Quarter Ended June 30, 2025

DALLAS--(BUSINESS WIRE)--Transcontinental Realty Investors, Inc. (NYSE:TCI) is reporting its results of operations for the three months ended June 30, 2025. For the three months ended June 30, 2025, we reported net income attributable to common shares of $0.2 million or $0.02 per diluted share, compared to $1.5 million or $0.17 per diluted share for the same period in 2024. Financial Highlights Total occupancy was 82% at June 30, 2025, which includes 94% at our multifamily properties and 57% at...
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Income Opportunity Realty Investors, Inc. reports Earnings for Quarter Ended June 30, 2025

DALLAS--(BUSINESS WIRE)--Income Opportunity Realty Investors, Inc. (NYSE American:IOR) is reporting its results of operations for the quarter ended June 30, 2025. For the three months ended June 30, 2025, we reported net income attributable to common shares of $1.0 million or $0.24 per diluted share compared to a net income of $1.2 million or $0.28 per share for the same period in 2024. Our decrease in net income is attributable to a decrease in interest income. About Income Opportunity Realty...
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American Realty Investors, Inc. reports Earnings for Quarter Ended June 30, 2025

DALLAS--(BUSINESS WIRE)--American Realty Investors, Inc. (NYSE:ARL) is reporting its results of operations for the three months ended June 30, 2025. For the three months ended June 30, 2025, we reported net income attributable to common shares of $2.8 million or $0.18 per diluted share, compared to $1.2 million or $0.07 per diluted share for the same period in 2024. Financial Highlights Total occupancy was 82% at June 30, 2025, which includes 94% at our multifamily properties and 57% at our com...
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Generational Group Advises a Building Supply Chain in Its Sale to Gold Beach Lumber Yard

DALLAS--(BUSINESS WIRE)--Generational Group, a leading mergers and acquisitions advisory firm for privately held businesses, is pleased to announce the sale of a Building Supply Chain to Gold Beach Lumber Yard. The acquisition closed April 4, 2025. Located in Gold Beach, Oregon, Gold Beach Lumber Yard has expanded its footprint with the addition of two more building supply chain locations. This acquisition brings the company’s total to nine locations, strengthening its presence throughout weste...
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Comstock Reports Second Quarter 2025 Results

RESTON, Va.--(BUSINESS WIRE)--Comstock Reports Second Quarter 2025 Results...
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RLJ Lodging Trust Reports Second Quarter 2025 Results

BETHESDA, Md.--(BUSINESS WIRE)--RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today reported results for the three and six months ended June 30, 2025. Second Quarter Highlights Portfolio Comparable RevPAR of $155.08, a decrease of 2.1% over the prior year Total Revenues of $363.1 million Net Income of $28.6 million Comparable Hotel EBITDA of $113.0 million Adjusted EBITDA of $104.0 million Adjusted FFO per diluted common share and unit of $0.48 Repurchased 0.8 million shares for approximately $...
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Arcosa, Inc. Announces Record Second Quarter 2025 Results

DALLAS--(BUSINESS WIRE)--Arcosa, Inc. (NYSE: ACA) (“Arcosa,” the “Company,” “We,” or “Our”), a provider of infrastructure-related products and solutions, today announced results for the second quarter ended June 30, 2025. Second Quarter 2025 Highlights   Three Months Ended June 30,     2025       2024     % Change               ($ in millions, except per share amounts)     Revenues $ 736.9     $ 664.7     11 % Revenues, excluding the impact of divested business(1) $ 736.9     $ 626.6     18 % N...