Day: October 30, 2023

NEW YORK, Oct. 30, 2023 (GLOBE NEWSWIRE) — Vornado Realty Trust (NYSE: VNO) reported today: Quarter Ended September 30, 2023 Financial Results NET INCOME attributable to common shareholders for the quarter ended September 30, 2023 was $52,846,000, or $0.28 per diluted share, compared to $7,769,000, or $0.04 per diluted share, for the prior year’s quarter. Adjusting for the items that impact period-to-period comparability listed in the table on the following page, net income attributable to common shareholders, as adjusted (non-GAAP) for the quarter ended September 30, 2023 was $12,845,000, or $0.07 per diluted share, and $37,429,000, or $0.19 per diluted share for the quarter ended September 30, 2022. FUNDS FROM OPERATIONS (“FFO”) attributable to common shareholders plus assumed conversions (non-GAAP) for the...

Atlanta, Oct. 30, 2023 (GLOBE NEWSWIRE) — Piedmont Office Realty Trust, Inc. (“Piedmont” or the “Company”) (NYSE:PDM), an owner of Class A office properties located primarily in major U.S. Sunbelt markets, today announced its results for the quarter ended September 30, 2023. Highlights for the Three Months Ended September 30, 2023: Financial Results:  Three Months Ended(in 000s other than per share amounts ) September 30, 2023 September 30, 2022Net income/(loss) applicable to Piedmont $ (17,002 ) $ 3,331Net income/(loss) per share applicable to common stockholders – diluted $ (0.14 ) $ 0.03Goodwill impairment charge $ 10,957             —        Interest expense $ 27,361   $ 17,244Loss on early extinguishment of debt $ 820             —        NAREIT Funds From Operations (“FFO”)...

NEW YORK, Oct. 30, 2023 (GLOBE NEWSWIRE) — Ponce Financial Group, Inc., (the “Company”) (NASDAQ: PDLB), the holding company for Ponce Bank (the “Bank”), today announced results for the third quarter of 2023. Third Quarter 2023 Highlights (Compared to Prior Periods):Net income of $2.6 million, or $0.12 per diluted share for the three months ended September 30, 2023, as compared to net loss of ($0.1) million, or $0.00 per diluted share for the three months ended June 30, 2023 and net loss of ($14.7) million, or ($0.64) per diluted share for the three months ended September 30, 2022. Included in the $2.6 million of net income for the third quarter of 2023 results is $33.5 million in interest and dividend income and $5.6 million in non-interest income, offset by a $17.3 million in non-interest expense and $17.0 million in interest...

Third Quarter ResultsTotal revenues of $38.3 million, a 22% year-over-year decrease Net income of $4.4 million and earnings per diluted share of $1.77, compared to net income of $3.9 million and earnings per diluted share of $1.58 in the same quarter of 2022 Adjusted EBITDA of $6.8 million, a decrease of $1.6 million from the third quarter of 2022; Adjusted EBITDA margin of 18%, an increase compared to the same quarter of 2022 $11.4 million in cash and $8.3 million of total debt as of September 30, 2023HOUSTON, Oct. 30, 2023 (GLOBE NEWSWIRE) — NCS Multistage Holdings, Inc. (Nasdaq: NCSM) (the “Company,” “NCS,” “we” or “us”), a leading provider of highly engineered products and support services that facilitate the optimization of oil and natural gas well construction, well completions and field development strategies, today...

DEFIANCE, Ohio, Oct. 30, 2023 (GLOBE NEWSWIRE) — SB Financial Group, Inc. (NASDAQ: SBFG) (“SB Financial” or the “Company”), a diversified financial services company providing full-service community banking, mortgage banking, wealth management, private client and title insurance services today reported earnings for the third quarter ended September 30, 2023. Third quarter 2023 highlights over the third quarter prior year include:Net income of $2.7 million decreased 19.6 percent with diluted earnings per share (“EPS”) of $0.39 and down to the linked quarter by 12.6 percent Asset quality remained stable, with 30 basis points of non-performing assets and net charge-offs of just $5 thousand in the quarter Coverage of our non-performing loans by the allowance improved by 29 percent to 474 percent Loans were higher from both the prior...

NEW YORK, Oct. 30, 2023 (GLOBE NEWSWIRE) — Apollo Commercial Real Estate Finance, Inc. (the “Company” or “ARI”) (NYSE:ARI) today reported results for the three and nine-month period ended September 30, 2023. Net income attributable to common stockholders per diluted share of common stock was $0.30 for the quarter ended September 30, 2023. Distributable Earnings (a non-GAAP financial measure defined below) and Distributable Earnings prior to net realized loss on investments and realized gain on extinguishment of debt per share of common stock were $0.37 for the quarter ended September 30, 2023. “ARI had another consistent quarter of generating distributable earnings in excess of our distribution per share of common stock,” said Stuart Rothstein, Chief Executive Officer and President of the Company. “Credit quality within ARI’s loan...

FRISCO, TX, Oct. 30, 2023 (GLOBE NEWSWIRE) — Comstock Resources, Inc. (“Comstock” or the “Company”) (NYSE: CRK) today reported financial and operating results for the quarter ended September 30, 2023. Highlights of 2023‘s Third QuarterContinued weak natural gas prices weighed heavily on the third quarter results. Natural gas and oil sales, including realized hedging gains, were $316 million. Operating cash flow was $167 million or $0.60 per diluted share. Adjusted EBITDAX for the quarter was $209 million. Adjusted net income was $11.7 million for the quarter. Solid results from the Haynesville shale drilling program with 21 (18.1 net) operated wells turned to sales since the Company’s last update with an average initial production of 29 MMcf per day. Latest two Western Haynesville wells were...

INDIANAPOLIS, Oct. 30, 2023 (GLOBE NEWSWIRE) — Kite Realty Group Trust (NYSE: KRG), a premier owner and operator of high-quality, open-air grocery-anchored neighborhood and community centers, along with vibrant mixed-use assets, reported today its operating results for the third quarter ended September 30, 2023. For the quarters ended September 30, 2023 and 2022, net income attributable to common shareholders was $2.1 million, or $0.01 per diluted share, compared to a net loss of $7.8 million, or $0.04 per diluted share, respectively. For the nine months ended September 30, 2023 and 2022, net income attributable to common shareholders was $39.5 million, or $0.18 per diluted share, compared to a net loss of $11.5 million, or $0.05 per diluted share, respectively.    Company raises 2023 guidance   Leased approximately 1.4 million...

– Acquired 70 USPS Properties for $24.2 Million –– 100% of Debt Set to Fixed Rates –– Collected 100% of Contractual Rents – CEDARHURST, N.Y., Oct. 30, 2023 (GLOBE NEWSWIRE) — Postal Realty Trust, Inc. (NYSE: PSTL) (the “Company”), an internally managed real estate investment trust that owns and manages over 1,800 properties leased primarily to the United States Postal Service (the “USPS”), ranging from last-mile post offices to industrial facilities, today announced results for the quarter ended September 30, 2023. Highlights for the Quarter Ended September 30, 2023Acquired 70 USPS properties for approximately $24.2 million, excluding closing costs 17% growth in revenues from third quarter 2022 to third quarter 2023 Net income attributable to common shareholders was $1.2 million, or $0.04 per...

Reported total revenue of $53M with more than 40% year-over-year growth of exome and genome test revenue Expanded gross margins to 48% in continuing operations and delivered 52% year-over-year cash burn reduction Strengthened balance sheet with $75M debt facility from Perceptive Advisors and initiated a $40M annual cost savings plan Updated guidance to deliver $187-$192M in FY 2023 revenue and reiterate path to profitability in 2025 GeneDx to host conference call today at 4:30 p.m. ET STAMFORD, Conn., Oct. 30, 2023 (GLOBE NEWSWIRE) — GeneDx Holdings Corp. (Nasdaq: WGS), a leader in delivering improved health outcomes through genomic and clinical insights, today reported its financial results for the third quarter of 2023. “We have focused our entire company’s efforts on driving exome and genome utilization and improving...