Getty Images The following segment was excerpted from the Third Avenue Real Estate Value Fund Q3 2025 Letter. Activity In the 2024 version of Any Happy Returns: Structural Changes and Super Cycles in Markets, author Peter Oppenheimer (of Goldman Sachs) assesses ...

AREIT Inc., the real estate investment trust of Ayala Land Inc., will conduct a property-for-share swap with its sponsor involving P19.5 billion worth of malls. In a statement, AREIT said its board on Tuesday approved a property-for-share swap with Ayala Land and its wholly owned subsidiary, Summerhill Commercial Ventures Corp., where the two would subscribe to 441,131,656 primary common shares of AREIT in exchange for Ayala Center Cebu and Ayala Mall Feliz.The two properties have an aggregate value of P19. ...

Alluvial Capital Management, an investment advisory firm, released its third-quarter 2025 investor letter. A copy of the letter can be downloaded here. The fund rose 15.5% in the quarter, bringing the year-to-date returns to 33.6%, strongly outperforming the relevant benchmark indexes. This marks the fund’s third-best quarterly result in its 9-year history. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2025. In its third-quarter 2025 investor letter, Alluvial Capital ...

Alluvial Capital Management, an investment advisory firm, released its third-quarter 2025 investor letter. A copy of the letter can be downloaded here. The fund rose 15.5% in the quarter, bringing the year-to-date returns to 33.6%, strongly outperforming the relevant benchmark indexes. This marks the fund’s third-best quarterly result in its 9-year history. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2025. In its third-quarter 2025 investor letter, Alluvial Capital ...

New lease immediately backfills space and brings Town Center office occupancy to 99%VIRGINIA BEACH, Va., Oct. 29, 2025 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE: AHH) today announced that Atlantic Union Bank has signed a full floor lease for approximately 12,000 square feet at One Columbus Center, located in the heart of Town Center of Virginia Beach. The new lease represents an immediate backfill of recently available space at a nearly 7% spread over the prior tenant’s lease. Armada Hoffler’s office portfol ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The Macerich Co. (NYSE:MAC) is a real estate investment trust that owns, operates, and develops high-quality retail centers in the U.S. It will report its Q3 2025 earnings on Nov. 4. Wall Street analysts expect the company to post EPS of $0.08, down from $0.36 in the prior-year period. According to data from Benzinga Pro, quarterly revenue is expected to be $249.91 million, up from $220.22 million a year e ...

公司业务与定位 - 公司是一家主要投资于机构抵押贷款支持证券的房地产投资信托基金，并采用杠杆策略 [1] - 公司目标是通过股息和资本增值相结合的方式为股东提供具有吸引力的风险调整后回报 [1] 管理层持股变动 - 公司董事、总裁、首席执行官兼首席信息官Federico Peter J于2025年10月28日以每股约10.30美元的价格出售了45,798股公司普通股 [2] - 此次出售后，该高管仍持有约151万股公司股份，表明其对公司的个人投资依然重大 [2] 第三季度财务业绩 - 第三季度财报显示公司为强力买入标的，主要得益于强劲的净利息收入和有利的利率环境 [3] - 公司净账面价值环比增长6%，驱动因素包括MBS投资组合的扩张以及利率下降带来的益处 [3] 当前股价与市场表现 - 公司当前股价为10.19美元，当日微跌1.07%或0.11美元，日内交易区间在10.16美元至10.31美元之间 [4] - 公司过去52周股价最高为10.63美元，最低为7.85美元 [4] - 公司当前市值约为107亿美元，当日成交量为2330万股 [4]

股息宣告 - 公司董事会宣布2025年第四季度每股普通股股息为0.515美元 [1] - 此次股息年化后为每股2.06美元 [1] - 股息将于2026年1月9日派发 股权登记日为2025年12月26日收盘时 [1] 公司业务概览 - 公司是一家完全整合的生活方式导向物业所有者 [5] - 截至2025年9月30日 公司拥有或持有455处物业的权益 主要位于美国 包含173,341个地块 [5] - 公司是一家自我管理、自我运营的房地产投资信托基金 总部位于芝加哥 [5]

2025年第三季度财务业绩 - 公司报告2025年第三季度净利润约为160万美元，摊薄后每股收益为0.03美元 [1] - 2025年第三季度运营资金（FFO）和调整后运营资金（AFFO）分别为每股0.50美元和0.56美元 [1] - 第三季度总营收为3108.6万美元，其中租金收入为3081.4万美元 [10] 业务运营与资产变动 - 截至2025年9月30日，公司在36个州拥有约200处房地产物业，总投资额约12亿美元，总面积约460万平方英尺 [3] - 2025年第三季度，公司以约2650万美元的价格收购了佛罗里达州一处住院康复设施，该物业100%出租，租约至2040年，预期回报率约9.4% [6] - 公司在第三季度处置了宾夕法尼亚州的一处物业，获得净收益约70万美元，并确认约20万美元的销售损失 [6] - 公司有六处物业已签订明确购买协议，总预期购买价格约为1.46亿美元，预期投资回报率在9.1%至9.75%之间 [6] 资产负债表关键数据 - 截至2025年9月30日，总资产为9.87261亿美元，较2024年12月31日的9.92563亿美元有所下降 [7][8] - 房地产物业净值为9.1767亿美元，现金及现金等价物为338.3万美元 [7] - 总负债为5.60438亿美元，其中债务净额为5.30138亿美元 [8] - 股东权益为4.26823亿美元，累计股息为3.72269亿美元 [8] 2025年第三季度运营支出 - 第三季度总运营支出为2149万美元，其中物业运营支出593万美元，一般行政支出465.8万美元，折旧及摊销支出1090.2万美元 [10] - 利息支出为707.5万美元 [10] - 九个月期间的一般行政支出包含与第二季度人员离职相关的130万美元遣散费和过渡费用 [10] 股东回报与资本活动 - 公司于2025年10月23日宣布季度普通股股息为每股0.4750美元，将于2025年11月21日支付 [6] - 2025年第三季度，公司未通过ATM计划发行任何股票 [6] - 公司计划在2025年第四季度出售一处符合持有待售标准的住院康复设施，预计确认约1150万美元的销售收益，所得资金计划用于1031同类交换收购 [6]

RALEIGH, N.C., Oct. 28, 2025 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) has released its third quarter 2025 results. To view the release, please visit the investors section of our website at www.highwoods.com or click on the following link: HIW Reports Third Quarter 2025 Results About HighwoodsHighwoods Properties, Inc., headquartered in Raleigh, is a publicly-traded (NYSE:HIW), fully-integrated office real estate investment trust (“REIT”) that owns, develops, acquires, leases and manages pro ...