DiamondRock Hospitality Company (NYSE: DRH) has announced the declaration of quarterly dividends for both its common and preferred stockholders. The common share dividend will be paid on October 11, 2024, while the preferred stock dividend will be paid on September 30, 2024.
Essex Property Trust (ESS) has seen its stock surge 23.1% in the past six months, outperforming the industry. The company, focused on the West Coast residential market, is benefiting from strong rental demand and technology investments. Analysts are bullish, predicting continued growth, and its solid balance sheet and dividend payouts further support its investment appeal.
Braemar Hotels & Resorts Inc. (NYSE: BHR) has announced the release date for its third-quarter financial results. The company will release its earnings report on November 6th and host a conference call on November 7th to discuss the results.
Ashford Hospitality Trust, a leading real estate investment trust (REIT) specializing in upscale hotels, will announce its third-quarter 2024 financial results on November 5th. A conference call to discuss the earnings will follow on November 6th.
COPT Defense, a real estate investment trust specializing in suburban office properties, offers a compelling investment opportunity for income investors. With a 4.03% dividend yield, consistent dividend growth, and strong earnings expectations, CDP presents an attractive combination of income generation and potential capital appreciation.
Regency Centers Corporation (REG), a leading retail REIT, continues to impress with healthy leasing activity, improving base rent, and a strong tenant base. The company’s focus on grocery-anchored centers and strategic expansion efforts position it for continued growth. Additionally, its robust balance sheet and commitment to dividend payouts make REG an attractive investment option for those seeking exposure to the retail REIT sector.
Canadian cannabis-focused real estate investment trust Nova Net Lease (NNL) reported positive financial results for the second quarter of 2024, with increased revenue and a significant net income. However, the company faces challenges related to its cash flow, leading to a suspension of monthly distributions and ongoing efforts to stabilize finances.
Realty Income Corporation (O) saw its shares decline on Tuesday after the company announced a $500 million debt offering. The offering, which is expected to close on August 26th, will be used to repay existing debt and for general corporate purposes. Despite the news, Realty Income exceeded earnings expectations for the second quarter.
Marwest Apartment REIT announced a monthly cash distribution of $0.0013 per trust unit for August 2024, representing an annualized distribution of $0.0156 per unit. The distributions will be paid on September 16th to unitholders of record as of August 31st.
Sotherly Hotels, a lodging REIT, reported stable revenue growth in the second quarter of 2024, with total revenue reaching $50.7 million. While net income and adjusted FFO showed positive momentum, the company observed a slight softening in ADR, particularly in Florida markets. Despite these fluctuations, Sotherly Hotels remains cautiously optimistic for the rest of the year.
