Phillips Edison & Company Closes $350 Million Three-Year Unsecured Term Loan

(NASDAQ:PECO) Phillips Edison & Company, Inc. announced the closing of a new $350 million unsecured term loan facility. The facility has a three-year term maturing on October 23, 2029, and will initially bear interest at an annual rate of SOFR plus 0.80%, with future pricing subject to adjustment based on the Company's credit ratings and leverage ratio. Phillips Edison Grocery Center Operating Partnership I, L.P., a subsidiary of the Company and the borrower under the facility, borrowed $175 million at closing, with the remaining $175 million available to draw on or before April 21, 2027. The term loan includes an uncommitted accordion feature allowing the borrower to borrow up to an additional $450 million, for total term loans of up to $800 million. The borrower can prepay the term loan at any time prior to maturity without premium or penalty. Proceeds from the initial $175 million borrowing were used to pay down the borrower's outstanding $161.8 million term loan and outstanding balances under its $1 billion revolving credit facility. John Caulfield, Executive Vice President, CFO & Treasurer, stated that PECO continues to have one of the best balance sheets in the Shopping Center REIT sector, positioning the company well for continued external growth, and that the new term loan extends the debt maturity profile and provides additional flexibility for investment activity and growth strategy execution. KeyBanc Capital Markets Inc. and Regions Capital Markets served as joint bookrunners. KeyBanc Capital Markets Inc.; Regions Capital Markets; BMO Bank, N.A.; Capital One, National Association; Fifth Third Bank, National Association; Mizuho Bank, Ltd.; and U.S. Bank National Association served as joint lead arrangers. KeyBank National Association served as administrative agent. Associated Bank, National Association; Banco de Sabadell, S.A.; Bank of America, N.A.; JPMorgan Chase Bank, N.A.; PNC Bank National Association; and Wells Fargo Bank, National Association also participated in the term loan. As of September 30, 2026, PECO managed 328 shopping centers, including 300 wholly-owned centers comprising 33.9 million square feet across 31 states and 28 shopping centers owned in three institutional joint ventures. PECO’s top grocery anchors include Kroger, Publix, Albertsons, and Ahold Delhaize.

Piedmont Realty Trust, Inc. Releases Third Quarter 2026 Results

(NYSE:PDM) Piedmont Realty Trust announced the release of its financial and operational results for the third quarter of 2026. The company directed investors to the Investor Relations section of its website at https://investor.piedmontreit.com to access the full Earnings Release and Supplemental Information. Piedmont Realty Trust scheduled a conference call and audio webcast for Tuesday, October 27, 2026, at 9:00 a.m. ET, during which the management team will review third quarter performance, discuss recent events, and conduct a question-and-answer period. The webcast can be accessed via the Investor Relations section of the company's website. Analysts participating in the conference call are instructed to dial in at least fifteen minutes prior to the start time, using the domestic number (888) 506-0062 or international number (973) 528-0011, with participant access code 836460. A replay of the telephonic conference call will be available by dialing (877) 481-4010 domestically or (919) 882-2331 internationally, using replay passcode 54602. The playback will be accessible through November 10, 2026. Piedmont Realty Trust describes itself as a fully integrated, self-managed real estate investment company focused on delivering an exceptional office environment. The company owns, manages, develops, and operates approximately 16 million square feet of Class A properties across major U.S. Sunbelt markets. Piedmont Realty Trust is known for its hospitality-driven approach and commitment to transforming buildings into premier 'Piedmont PLACEs' that enhance each client's workplace experience.

Alexandria Real Estate Equities, Inc. Reports 3Q26 and YTD 3Q26 Net Loss per Share - Diluted of $3.74 and $2.06, respectively, and 3Q26 and YTD 3Q26 FFO per Share - Diluted, as Adjusted, of $1.54 and $5.00, respectively

(NYSE:ARE) Alexandria Real Estate Equities, Inc. announced financial and operating results for the third quarter ended September 30, 2026. Net loss attributable to Alexandria's common stockholders – diluted was $638.5 million for 3Q26, including $637.9 million of real estate impairment charges related to assets held for sale, compared to $234.9 million in 3Q25. Funds from operations attributable to Alexandria's common stockholders – diluted, as adjusted, was $264.4 million for 3Q26 and $856.5 million year-to-date 3Q26, with per share amounts of $1.54 and $5.00, respectively. Occupancy of operating properties was 87.1% as of September 30, 2026, and 90.8% including executed leases with future occupancy. The company reported a total market capitalization of $21.01 billion and total equity capitalization of $8.11 billion as of September 30, 2026. Significant liquidity was reported at $4.56 billion, and the company closed an extension of its $5.0 billion unsecured senior line of credit to 2032. In October 2026, Alexandria completed the sale of an approximately 29% noncontrolling interest in Campus Point by Alexandria Megacampus for $475.0 million to a new joint venture partner. Non-core and land dispositions totaled $242 million, and completed sales of partial interests totaled $475 million as of October 26, 2026, for a total of $717 million. Pending transactions included $355 million in non-refundable deposits and $1,548 million in signed letters of intent and/or purchase and sale agreement late-stage negotiations, totaling $2,620 million. The 2026 guidance midpoint for dispositions and sales of partial interests is $1,900 million. 3Q26 total leasing volume surpassed 1.2 million RSF, exceeding the 1Q25–2Q26 quarterly average of 979,822 RSF by approximately 256,000 RSF, and included 450,961 RSF of leasing of previously vacant space. The company entered into a purchase and sale agreement for 421 Park Drive on the Alexandria Center for Life Science – Fenway Megacampus, aggregating 339,668 RSF, with closing anticipated in 4Q26 and expected to reduce future potential construction spend by approximately $136 million. At 311 Arsenal Street on The Arsenal on the Charles Megacampus, executed leases of 66,859 RSF and additional leases under negotiation of 100,684 RSF enabled a pivot to a lower-cost advanced technology use, reducing future potential construction spend by approximately $220 million. During 3Q26, Alexandria placed into service 529,061 RSF of development and redevelopment projects, 84% occupied at delivery, generating incremental annual net operating income aggregating $40 million. Additional $85 million in incremental annual net operating income is expected from projects to be delivered by 4Q28. Annual net operating income (cash basis) from recently delivered projects is expected to increase by $67 million upon the burn-off of initial free rent. General and administrative expenses represented 7.5% of net operating income for the trailing twelve months ended September 30, 2026, and approximately $76 million of cumulative general and administrative expense savings are expected for 2025 and 2026. In August 2026, Alexandria completed a public offering of $1.00 billion aggregate principal amount of 7.250% Series A fixed-to-fixed reset rate junior subordinated notes due 2057. In September 2026, the company closed its amended and restated $5.0 billion unsecured senior line of credit, extending the maturity date to January 22, 2032. Under its common stock repurchase program, Alexandria may repurchase up to $500.0 million of common stock through December 31, 2026, with $500.0 million remaining available as of September 30, 2026. A common stock dividend of $0.72 per share was declared for 3Q26. Significant net cash provided by operating activities, as adjusted, retained for reinvestment aggregated $2.55 billion for the years ended December 31, 2022 through 2025 and the midpoint of 2026 guidance. As of September 30, 2026, non-real estate investments aggregated $1.74 billion.

BRIXMOR PROPERTY GROUP ANNOUNCES THIRD QUARTER RESULTS WITH STRONG LEASING DEMAND DRIVING OCCUPANCY TO RECORD HIGHS; INCREASES DIVIDEND OVER 7% AND RAISES OUTLOOK

(NYSE:BRX) Brixmor Property Group Inc. announced its operating results for the three and nine months ended September 30, 2026. For the three months ended September 30, 2026, net income attributable to Brixmor Property Group Inc. was $0.28 per diluted share, compared to $0.31 per diluted share for the same period in 2025. For the nine months ended September 30, 2026, net income attributable to Brixmor Property Group Inc. was $0.94 per diluted share, up from $0.81 per diluted share in 2025. The company executed 1.6 million square feet of new and renewal leases in the quarter, with rent spreads on comparable space of 25.3%, including new lease rent spreads of 42.6% and renewal lease rent spreads of 19.4%. Total leased occupancy reached a record 95.6%, anchor leased occupancy was 97.0%, and small shop leased occupancy reached a record 92.8%. The company commenced $17.7 million of annualized base rent and reported a leased to billed occupancy spread of 420 basis points. The signed but not yet commenced new lease population represented 3.1 million square feet and $68.9 million of annualized base rent. Same property NOI increased by 6.6% for the quarter, with a base rent contribution of 480 basis points. Nareit FFO for the quarter was $184.6 million, or $0.60 per diluted share. The company added $36.7 million of new reinvestment projects to its in process pipeline at an expected average incremental NOI yield of 11%, including a Publix redevelopment in Port St. Lucie, Florida. It stabilized $54.6 million of reinvestment projects at an average incremental NOI yield of 10%, with the in process reinvestment pipeline totaling $331.8 million at an expected average incremental NOI yield of 10%. Acquisitions for the quarter totaled $49.5 million, and dispositions totaled $42.8 million. On September 28, 2026, Brixmor announced definitive agreements with Everview Partners to acquire Slate Grocery REIT in a transaction valued at approximately $2.34 billion. Under this transaction, Brixmor will acquire a 23-property grocery-anchored portfolio for approximately $636 million and will hold a 20% common equity interest and an approximately $174 million preferred equity investment in a joint venture with Everview Partners that will acquire an additional 92 properties for approximately $1.71 billion. The transaction is expected to close in the first quarter of 2027, subject to customary closing conditions including approval by Slate Grocery REIT unitholders. Subsequent to quarter end, the company increased its quarterly dividend by 7.3% to $0.3300 per common share (equivalent to $1.32 per annum), representing an annualized yield of approximately 4.7% as of October 23, 2026, and completed a $4.8 million acquisition. The company updated its Nareit FFO per diluted share expectations for 2026 to $2.36 - $2.38 from $2.35 - $2.37 and same property NOI growth expectations for 2026 to 5.50% - 5.75% from 5.00% - 5.75%. As of September 30, 2026, Brixmor had $1.5 billion in liquidity, excluding a commitment letter for up to $988.0 million of senior unsecured term loan financing available in connection with the Slate Transaction. Net principal debt to adjusted EBITDA, current quarter annualized, was 5.2x, and net principal debt to adjusted EBITDA, trailing twelve months, was 5.3x. For the nine months ended September 30, 2026, the company acquired five shopping centers for $213.8 million and generated $165.8 million of gross proceeds from the disposition of eight shopping centers. The company stabilized four value enhancing reinvestment projects with a total aggregate net cost of approximately $54.6 million at an average incremental NOI yield of 10% and added six new reinvestment projects to its in process pipeline with a total aggregate net estimated cost of approximately $36.7 million at an expected average incremental NOI yield of 11%. The in process reinvestment pipeline as of September 30, 2026, included 46 projects with net estimated costs of $331.8 million and an expected NOI yield of 10%.

Century Communities Announces Grand Opening of Crosswinds, Offering New Homes in Kyle, Texas

(NYSE:CCS) Century Communities, Inc. announced the Grand Opening of its new neighborhood at Crosswinds, a planned community in Kyle, Texas, scheduled for October 28, 2026, from 11 a.m. to 1 p.m. The event will feature model home tours, light bites, and Grand Opening savings. The Crosswinds community will offer six single-family floor plans: Geneva, Norman, Lassen, Savannah, Denali II, and Everglade, with homes ranging from 2,013 to 2,811 square feet. Prices for these homes start from the $400s. Each floor plan includes a standard 3-car garage on an oversized 60' homesite. Select plans feature fireplaces, gourmet kitchens, and covered patios. Homeowners will have access to the Windy Point Amenity Center, which includes a pool complex, splash park, event lawn, grilling and picnic areas, an off-leash dog park, playground, pickleball and basketball courts, pocket parks, and nature trails. The community is zoned for Hays CISD, including Pfluger Elementary School, Chapa Middle School, and Lehman High School, with a future elementary school planned within Crosswinds. The location is about 20 miles south of downtown Austin and 15 miles from San Marcos, with direct access to I-35 and proximity to major employers such as Tesla, Amazon, and Dell. Century Communities highlights its industry-first online homebuying experience, allowing buyers to shop, submit earnest money deposits, and sign purchase contracts electronically. Paul Kwiatkowski, Division President, stated that Crosswinds combines suburban charm with access to major Austin-area employers and offers a range of modern floor plans. The community is designed to preserve the Texas prairie, with roads and trails winding through parks and open space. Century Communities is recognized as one of America's Most Trustworthy Companies by Newsweek for four consecutive years and operates in 16 states and over 45 markets across the U.S.

Trading update for six months to 30 September 2026

(LSE:60VT) Paragon Asra Housing Limited ('PA'), the parent company of Paragon Treasury Plc and a Registered Provider owning and managing 25,000 homes in the East Midlands, London and Surrey, has released its trading update and unaudited summary financial results for the six months ended 30 September 2026. Results for the year to date are in line with the approved budget in most areas, with planned maintenance investment largely keeping pace with the budget. Sales performance has remained strong, with profits generated in line with budget at the halfway point. Salary and overhead costs are below budget. Rent and service charge income is behind budget due to new development handover delays and longer than target average letting times. Decant costs have experienced modest upward pressure, with year to date volumes higher than assumed in the budget. Service costs are above budget, primarily due to increased third party managing agent fees and higher activity on estates bulk rubbish management. Interest costs are above budget, reflecting the higher interest rate environment compared to assumptions made when the budget was set. The drawn debt position is below budget. The year to date operating margin from social housing lettings is 23% including fire safety remediation project expenditure, and 24% excluding it. 27 new build shared ownership homes have been sold, generating proceeds of £6.5m and a surplus of £2.0m at a margin of 30%. £16.0m has been invested into capital maintenance programmes in the first six months of the year, and a further £9.3m of capital expenditure has been incurred against fire safety remediation projects. Rent collection has remained solid, with gross rent arrears standing at 3.3% at the end of the period. Salary and overhead costs are underspent by £3.3m in the year to date. The company is working to improve turnaround times for vacant homes to reduce void loss. Fire safety remediation projects are progressing, with £6.9m of grant income achieved against this workstream in the year to date, and further cost recoveries from contractors being pursued. A modest drop off in new property sales activity is forecast for the remainder of the year, which is only expected to have a marginal impact on outturn results. The cyclical maintenance programme is behind budget for the year to date, with efforts underway to accelerate spend in the second half of the year. Energy contracts have recently been reprocured at less favourable rates due to more volatile market conditions, which will affect service charge calculations. The Statement of Comprehensive Income to 30 September 2026 shows rent and service charges income of £103.3m (budget £106.6m), shared ownership first tranche sales of £6.5m, other income of £2.1m, amortisation of SHG and Goodwill of £3.3m, turnover of £115.2m (budget £118.3m), core operating costs of £69.2m (budget £75.7m), depreciation of £13.4m (budget £14.8m), cost of first tranche sales of £4.5m (budget £4.4m), surplus on fixed asset disposals of £5.3m (budget £5.5m), operating surplus of £33.4m (budget £28.9m), net interest of £26.4m (budget £25.7m), and total comprehensive income before tax and fair value adjustments of £7.0m (budget £3.2m). The Statement of Financial Position as at 30 September 2026 shows tangible fixed assets and investments of £2,443m (31 Mar 26: £2,419m), total assets less current liabilities of £2,424m (31 Mar 26: £2,402m), creditors due after more than one year of £1,785m (31 Mar 26: £1,767m), total net assets of £631m (31 Mar 26: £624m), and reserves of £631m (31 Mar 26: £624m). Simon Hatchman is the Executive Director - Resources.

Sale of Peyia Land in Cyprus

(LSE:DCI) DCI Advisors Ltd announced that it has agreed terms for the sale of land located at Peyia, Paphos, Cyprus, held by its subsidiary DCI Holdings Four Limited (DCI H4), for a consideration of €2,800,000 plus VAT. The latest carrying valuation of the land as at 30 June 2026 was €2,511,000. DCI H4 is ultimately 83.35% owned by DCI through DCI Holdings One Limited (DCI H1). DCI H4 has entered into a binding Sale Agreement and has received a deposit of €800,000 plus VAT. The balance of the purchase price is payable upon completion of the transaction, which is expected to occur within four months, subject to obtaining the relevant tax clearances and other terms of the Sale Agreement. To give effect to a settlement agreement between DCI and Dolphin Capital Partners (DCP) entered into in 2025, DCI H1 has entered into a binding side letter to buy the 16.65% holding in DCI H4 beneficially owned by DCP through an affiliate vehicle. DCI H1 will pay a cash consideration for the shares within 30 days of completion of the sale, reflecting DCP's pro rata share of the net proceeds of the sale, which depending on transaction costs is expected to be approximately €2,500,000 plus VAT in total. DCP holds an interest of greater than 10% in DCI H4 and is therefore treated as a related party under the AIM Rules for Companies, making the purchase of its equity a related party transaction. The directors of DCI, having consulted with Cavendish, its nominated adviser, consider the terms of the transaction to be fair and reasonable insofar as DCI shareholders are concerned. The Company will provide further updates to shareholders when appropriate.

Christie & Co advises on landmark hotel sale

(LSE:CTG) Christie Group plc announced that its agency and advisory business, Christie & Co, advised JP Immobilien, an Austrian property developer, on the sale of the Bikini Island & Mountain Port de Sóller Hotel in Mallorca to Amundi Real Estate Italia SGR. The transaction involved a four-star, 114-room hotel and followed a targeted marketing process managed by Christie & Co, which attracted interest from a select group of international investors. The sale is described as a significant cross-border transaction, involving a Spanish hospitality asset, an Austrian seller, and a major European institutional investor. The transaction highlights growing institutional interest in premium resort destinations with strong tourism fundamentals and limited opportunities for new development. Christie & Co’s UK Hotel Market Review 2026, published on 25 June 2026, identified continued institutional investor appetite for high-value hospitality assets and portfolios, as well as growing demand for leisure-led businesses. Christie & Co was ranked the most active hotel agent in the UK and Eurozone by transaction volumes in 2025, according to MSCI Real Assets Global Brokerage Rankings. Dan Prickett, Chief Executive of Christie Group plc, stated that the transaction demonstrates Christie & Co’s ability to attract and connect major institutional investors with high-quality hospitality assets across Europe. He also noted that growing institutional interest in premium leisure destinations presents attractive opportunities for the business and reinforces the strength of Christie & Co’s international network and specialist expertise. Simon Hawkins is named as Chief Financial Officer of Christie Group plc. Shore Capital is listed as Nominated Advisor and Broker, and Hudson Sandler is listed for Financial PR. Christie Group plc operates two business divisions: Professional & Financial Services (PFS) and Stock & Inventory Systems & Services (SISS), trading under the brand names Christie & Co, Pinders, Christie Finance, Christie Insurance, and Venners. The Group has 32 offices across the UK and Europe and offers services in agency, valuation, investment, consultancy, project management, stock audit, and inventory management.

Toll Brothers Announces Grand Opening of 280 North at Doylestown in Bucks County, Pennsylvania

(NYSE:TOL) Toll Brothers, Inc. announced the grand opening of 280 North at Doylestown, a new community of 18 luxury townhomes in Bucks County, Pennsylvania. Sitework is underway at 1 Dutch Lane in Doylestown, and the community is now open for sale with pre-model pricing by appointment only from the Toll Brothers Design Studio at 1144 Virginia Drive in Fort Washington. The 280 North at Doylestown community features 4-story townhomes with 3 to 4 bedrooms, 3.5 to 4.5 baths, and 2-car garages. Home designs include elevators, lofts, flex spaces, and rooftop terraces. Kitchens and great rooms are open-concept and designed for entertaining, and rooftop terraces offer views that extend for miles on clear days. Homes in this community are priced from $1 million. The community is located next to Broad Commons Park and a public dog park, and is within walking distance of downtown Borough of Doylestown, providing access to shopping, dining, entertainment, cultural attractions, and recreation. The location offers convenient travel via Route 202, Route 611, and the Pennsylvania Turnpike. John Dean, Division President of Toll Brothers in Pennsylvania, stated that 280 North at Doylestown offers a rare opportunity to own a luxury home in one of Bucks County’s most sought-after locations, with exceptional design, walkable location, and access to top-rated schools. Toll Brothers customers can utilize the Toll Brothers Design Studio to personalize their homes with the help of professional Design Consultants. Design Ready and Quick Move-in homes with Designer Appointed Features are available, allowing buyers to move in later this year. Homeowners will benefit from low-maintenance living, with lawn care and snow removal provided. The community is located within the Central Bucks School District.

Press release - Business activity at 30 september 2026

(LSE:0KB3) Nexity confirmed its guidance for 2026, stating that current operating profit (COP) is expected to improve from projects underway, supported by ongoing transformations and a €100 million cost-savings plan to be achieved by year-end 2026. Margins have been restored in Planning and Development, with a positive contribution from the Serviced Properties business. The company is maintaining financial discipline, focusing on selective project development and securing project structuring and marketing, with over 90% of supply for sale located in supply-constrained areas and an absorption rate below 6 months. For the first nine months of 2026, Nexity recorded 5,394 reservations, including approximately 3,100 retail sales, and noted that bulk sales are not representative of the full year as most are signed in Q4. Revenue for the period was €1.6 billion, down 17%, reflecting a slowdown in Planning and Development, partially offset by growth in Serviced Properties. The backlog at end-September stood at €3.5 billion, equivalent to 1.6 years of revenue. The market environment remains challenging, with inflation up 3% year-on-year and French 10-year government bond (OAT) rates at approximately 5%, reducing household purchasing power and borrowing capacity. Supply for sale at end-September 2026 was 4,891 units, down 4% from September 2025, with 92% of units in high-demand, supply-constrained areas. The pre-selling rate for projects launched during the period was 73%, and the absorption rate remained under 6 months. Retail sales accounted for 3,094 reservations, down 10% by volume, with individual investors making up 27% of the client mix (1,465 reservations). Bulk sales totaled 2,300 units, and the Planning business accounted for nearly 750 reservations for subdivisions, amounting to €71 million. The backlog at end-September was €3.5 billion. In Commercial Real Estate, order intake was €23 million, with a backlog of around €50 million. Planning and Development revenue (excluding international operations) was €1,295 million, down 20% year-on-year. Services revenue was €292 million, with Serviced Properties contributing €232 million (up 2%) and Distribution €60 million (down 18%). Serviced Properties included 17,000 student residence units across 54 cities and over 170,000 sq.m of coworking spaces. Nexity entered a framework agreement with Groupe BPCE on 17 October 2026 to launch a joint venture for real estate programme distribution, effective December 2026. The company is reinforcing its financial structure, with partner banks reaffirming their confidence and negotiations underway to extend a €625 million credit facility (maturing February 2028) and €1.4 billion in completion guarantees. At end-June 2026, 76% of the Group’s debt was fixed-rate. Nexity is reviewing its portfolio of business activities outside property development and continuing to adapt its organisation, brand portfolio, and overhead costs. The next financial results will be released on 24 February 2027, with the Shareholders’ Meeting scheduled for 20 May 2027.

Major letting agreed at Brettenham House

(LSE:HLCL) Helical PLC has announced that it has exchanged an Agreement for Lease with FGS Global for the sixth, eighth, and ninth floors at Brettenham House, London, WC2. The leased space comprises 23,887 sq ft of prime office accommodation and includes a private terrace with views over the Thames. FGS Global, described as a strategic leadership advisory firm, will take occupation of the space in January 2027 under a 10-year lease term. The comprehensive refurbishment of Brettenham House, a 128,000 sq ft historic 1930's Art Deco office building, is scheduled for practical completion at the end of October 2026. The refurbishment project has involved substantial remodelling of the building while restoring its historic façade and Art Deco features, including two marble-clad staircases. The completed scheme will provide enhanced amenities such as five external terraces, a triple-height reception, and a new dedicated entrance accessed via Savoy Street. Helical is delivering the project on behalf of the owner, Thames Brettenham Limited, under a development management agreement. Under this agreement, Helical receives a development management fee and a profit share linked to rental performance, payable once the building is successfully let. Rob Sims, Chief Investment Officer of Helical, commented on the successful progress of the project and the significance of securing FGS Global as a tenant. Simeon Goddard, Co-Chief Investment Officer of Northview Services Ltd. and representative of Thames Brettenham Limited, highlighted the quality of the refurbishment and the importance of the initial letting. Savills and RX acted on behalf of Helical and Thames Brettenham Limited, while BBG Real Estate London represented FGS Global.

NVR, INC. ANNOUNCES THIRD QUARTER RESULTS

(NYSE:NVR) NVR, Inc. reported net income for the third quarter ended September 30, 2026 of $248.6 million, or $89.45 per diluted share, representing a 27% and 20% decrease, respectively, compared to the third quarter of 2025 net income of $342.7 million, or $112.33 per diluted share. Consolidated revenues for the third quarter of 2026 were $2.40 billion, down from $2.61 billion in the third quarter of 2025. For the nine months ended September 30, 2026, consolidated revenues totaled $6.61 billion, a 13% decrease from $7.61 billion in the same period of 2025. Net income for the nine months ended September 30, 2026 was $683.4 million, a 30% decrease from $976.0 million in the prior year period. Diluted earnings per share for the nine months ended September 30, 2026 was $240.54, down 24% from $315.33 in the same period of 2025. Homebuilding new orders in the third quarter of 2026 decreased by 7% to 4,391 units, with an average sales price of $442,100, a 5% decrease from the prior year. The cancellation rate in the third quarter of 2026 was 21%, compared to 19% in the third quarter of 2025. Settlements in the third quarter of 2026 decreased by 7% to 5,268 units, with an average settlement price of $445,900, a 2% decrease from the prior year. The backlog of homes sold but not settled as of September 30, 2026 increased by 10% to 10,121 units and by 4% on a dollar basis to $4.59 billion compared to September 30, 2025. Homebuilding revenues for the third quarter of 2026 were $2.35 billion, an 8% decrease from $2.56 billion in the third quarter of 2025. Gross profit margin in the third quarter of 2026 decreased to 18.3% from 21.0% in the prior year, impacted by higher lot costs, pricing pressure, weak consumer sentiment, and contract land deposit impairments totaling approximately $24.8 million. Income before tax from the homebuilding segment was $299.7 million in the third quarter of 2026, a 27% decrease from the prior year. Mortgage closed loan production in the third quarter of 2026 totaled $1.38 billion, a 10% decrease from the third quarter of 2025. Income before tax from the mortgage banking segment was $35.0 million in the third quarter of 2026, a 7% increase from $32.7 million in the prior year. As of September 30, 2026, NVR, Inc. had total assets of $5,565,950,000 and total shareholders' equity of $3,434,993,000. The company repurchased 37,088 shares in the third quarter of 2026 at an aggregate cost of $237,218,000, and 181,984 shares in the nine months ended September 30, 2026 at an aggregate cost of $1,226,951,000. Lots controlled at the end of the period were 185,300. The company operates in thirty-seven metropolitan areas in sixteen states and Washington, D.C., with the South East region including Georgia.

Final Results

(LSE:KCR) KCR Residential REIT Plc announced its annual results for the year ended 30 June 2026. Revenue for the financial year increased by 15% to £2.17 million, up from £1.89 million in 2025. Core rental income grew by 19%, while sales commissions were lower. Deanery Court achieved an average occupancy of 83% for the year, up from 67% in 2025. Portfolio-level occupancy remained strong, with rental increases achieved at renewals and re-lettings. Net cash from operations was £416,000, compared to a deficiency of £117,000 in 2025, marking the first positive operating cashflow in the Group's history. After financing charges, net cash used in operating activities was £383,000, down from £800,000 in 2025. Administrative expenses increased by 3% to £1.41 million, up from £1.36 million in 2025. The Secure Trust facility was increased by £425,250 during the year to replenish funds spent on acquiring and refurbishing flats at Heathside. The Group recorded an impairment of £2.28 million, with £820,000 attributed to the Osprey portfolio's reversionary rights and the balance due to yield expansion. Since 2020, revenues have grown from £1.036 million to £2.167 million, and gross profits from £883,000 to £1,681,000, representing compound annual growth rates of 13% and 11% respectively. Administrative expenses have been reduced by a 2% CAGR over the same period. The company continues to focus on optimising performance from existing assets, controlling costs, and pursuing selective acquisitions. Market conditions in Central London residential real estate have resulted in significant negative mark-to-market property valuation movements, primarily due to yield expansion. The introduction of the Renters Rights Act in May 2026 has further disrupted residential market conditions. Planning submissions for two Ladbroke Grove properties have been made, with positive feedback from the local council. The company expects market conditions for residential property in London to remain soft in the near term but maintains a positive medium-term outlook. No major works are planned for the current financial year, and nominal rental arrears were experienced with no write-offs in 2026. The Directors are responsible for the release of this announcement.

EastGroup Properties Announces Third Quarter 2026 Results

(NYSE:EGP) EastGroup Properties, Inc. reported net income attributable to common stockholders of $1.46 per diluted share for the third quarter of 2026, compared to $1.26 per diluted share for the third quarter of 2025. Funds from Operations (FFO), excluding gain on involuntary conversion and business interruption claims, were $2.45 per diluted share for the third quarter of 2026, up from $2.27 per diluted share for the same period in 2025, representing a 7.9% increase. Same property net operating income (PNOI) for the same property pool, excluding income from lease terminations, increased 5.3% on a straight-line basis and 7.1% on a cash basis for the third quarter of 2026 compared to the same period in 2025. The operating portfolio was 97.3% leased and 96.5% occupied as of September 30, 2026, with average month-end occupancy of 96.1% for the third quarter of 2026 versus 95.7% for the third quarter of 2025. Rental rates on new and renewal leases increased an average of 36.3% on a straight-line basis. The company entered into forward equity sale agreements for approximately $486 million at an initial weighted average forward price of $202.06 per share. EastGroup transferred a 100% leased development project in Orlando containing 113,000 square feet to the operating portfolio. The company started construction of four development projects and one redevelopment project totaling 998,000 square feet with projected total costs of approximately $162 million. From July 1, 2026 through October 20, 2026, EastGroup signed 11 leases on active development and first generation development properties totaling approximately 503,000 square feet. The company acquired two operating properties containing 531,000 square feet and 107 acres of development land for approximately $164 million. Subsequent to quarter-end, EastGroup acquired three operating properties containing 1,031,000 square feet and 25 acres of development land for approximately $262 million. The company declared its 187th consecutive quarterly cash dividend, increasing the dividend by $0.20 per share (12.9%) to $1.75 per share. For the three months ended September 30, 2026, property net operating income was $147,890,000 ($2.75 per diluted share), compared to $134,374,000 ($2.52 per diluted share) for the same period in 2025. Gains on sales of non-operating real estate were $4,709,000 ($0.09 per diluted share) during the three months ended September 30, 2026. Depreciation and amortization expense was $58,206,000 ($1.08 per diluted share) for the three months ended September 30, 2026, compared to $54,131,000 ($1.02 per diluted share) for the same period in 2025. Interest expense was $9,617,000 ($0.18 per diluted share) for the three months ended September 30, 2026, compared to $7,685,000 ($0.14 per diluted share) for the same period in 2025. Weighted average shares outstanding increased by 580,000 shares on a diluted basis for the three months ended September 30, 2026, compared to the same period in 2025. For the nine months ended September 30, 2026, EPS was $4.63 per diluted share, compared to $3.60 per diluted share for the same period in 2025. Property net operating income for the nine months ended September 30, 2026 was $430,826,000 ($8.02 per diluted share), compared to $389,736,000 ($7.41 per diluted share) for the same period in 2025. Gains on sales of real estate investments were $30,074,000 ($0.56 per diluted share) during the nine months ended September 30, 2026. Depreciation and amortization expense was $170,109,000 ($3.17 per diluted share) for the nine months ended September 30, 2026, compared to $159,663,000 ($3.03 per diluted share) for the same period in 2025. Interest expense was $27,686,000 ($0.52 per diluted share) for the nine months ended September 30, 2026, compared to $23,400,000 ($0.44 per diluted share) for the same period in 2025. Weighted average shares outstanding increased by 1,100,000 shares on a diluted basis for the nine months ended September 30, 2026, compared to the same period in 2025. FFO for the nine months ended September 30, 2026 was $7.15 per diluted share, compared to $6.64 per diluted share for the same period in 2025, an increase of 7.7%. FFO, excluding gain on involuntary conversion and business interruption claims, was $7.11 per diluted share for the nine months ended September 30, 2026, compared to $6.61 per diluted share for the same period in 2025, an increase of 7.6%.

Century Communities Announces Grand Opening of Traditions at West Creek Village, Bringing New Homes to Southwest Fresno

(NYSE:CCS) Century Communities, Inc. announced the Grand Opening of Traditions at West Creek Village in Fresno, California, scheduled for Saturday, October 24, 2026, from 11 a.m. to 1 p.m. The event will feature model home tours, free food, and entertainment. Century Communities is developing 136 single-family homesites at Traditions at West Creek Village, with new homes starting from the upper $300,000s to the low $400,000s. The community offers five two-story, single-family floor plans ranging from 1,538 to 2,287 square feet, with 3 to 5 bedrooms, 2.5 to 3 bathrooms, and 2-car garages. The Mulberry and Nightingale model homes will be available for tours during the Grand Opening. Traditions at West Creek Village is part of the 120-acre West Creek Village planned community in Southwest Fresno, developed by 2500 MLK LLC, and is within walking distance of Les Kimber Park, King Elementary School, Rutherford B. Gaston Middle School, Edison High School, and Fresno City College's West Fresno Center. A Starbucks is already open in West Creek Village, and future plans include a grocery anchor, national retailers, and a medical center. Century Communities collaborated with the Southwest Fresno Community Development Corporation (SWFCDC), a HUD-certified housing counseling agency, to provide free homeownership education to the neighborhood. Allen Bennett, Central Valley Division President for Century Communities, stated that the company is excited to contribute to the revitalization of Southwest Fresno and highlighted the opportunity for homebuyers to explore the community and learn about special financing options through the in-house lender. The company also offers an online homebuying experience, allowing buyers to shop, submit earnest money deposits, and sign purchase contracts electronically. The five floor plans available are Leyland, Mulberry, Oak, Lanner, and Nightingale. The community is located at 2486 S. Carver Avenue, Fresno, CA 93706.

Vornado, Ken Griffin and Rudin Close Joint Venture, 1.05 Million SF Anchor Lease and $3.3 Billion Construction Loan

(NYSE:VNO) Vornado Realty Trust, Ken Griffin, and Rudin announced the closing of their joint venture for 350 Park Avenue, with ownership divided as follows: 60% by an affiliate of Ken Griffin, 36% by Vornado, and 4% by Rudin. The joint venture has executed a 1.05 million square foot anchor tenant lease with Citadel Enterprise Americas LLC. A $3.3 billion construction loan has closed, provided by Wells Fargo Bank, N.A., JPMorgan Chase Bank, National Association, Bank of America, N.A., BMO Bank N.A., ING Capital LLC, PNC Bank, and Standard Chartered Bank. Construction of the 66-story, 1.9 million square foot tower is underway. The tower will offer 850,000 square feet of high-rise space with panoramic views available to the market. The project is designed by Foster + Partners. 350 Park Avenue advances the goals of the Greater East Midtown rezoning and will deliver a landmark office tower and enhanced public realm in Midtown. The project will contribute a combined $150 million for the maintenance of St. Patrick’s Cathedral and Saint Bartholomew’s Church through the purchase of development rights. Additionally, it will provide more than $35 million for the city’s East Midtown Public Realm Improvement Fund. The project was approved through New York City's Uniform Land Use Review Procedure in September 2025. Ken Griffin is the founder and CEO of Citadel. The announcement highlights the significance of the construction loan as a vote of confidence in the project and Park Avenue as a premier office district.

Heba delivers higher income from property management per share and a strong NOI margin

(LSE:0GNV) Heba Fastighets AB reported income from property management per share for January–September of SEK 1.20, compared to SEK 1.08 in the prior year, representing an increase of 11%. The NOI margin for the first nine months was 75.0%, up from 74.4%, and reached 77.2% in Q3, compared to 75.1% in the previous year. Profit for the period January–September increased to SEK 289.4m from SEK 153.0m. Rental income grew by 4% year-over-year, reaching SEK 474.7m compared to SEK 454.5m. Net operating income increased by 5% to SEK 356.2m from SEK 338.0m. The property portfolio has been virtually fully renovated, and maintenance costs have been reduced by 72% since 2010 to the current level of SEK 11/m2. Energy use at the end of the quarter was a record-low of 62.9 kWh/m2, with a target of 40 kWh/m2 by 2030. The property valuation uplift for the period was SEK 141.5m, compared to SEK 67.0m in the previous year. Income from property management totalled SEK 186.6m, up from SEK 174.9m. Profit per share for the period was SEK 1.87, compared to SEK 0.94. CEO Patrik Emanuelsson attributed the strong results to several years of efficiency improvements, digitalisation, energy optimisation, and a data-driven management strategy. The company has strengthened its position in the elderly care sector, built a digital infrastructure, and integrated its sustainability programme into the business. The Heba Model, driven by Development, the Heba Operating System, and Capital Management, is now the framework for sustainable growth. Heba will present results for January–September 2026 in a pre-recorded video to be published on ir.hebafast.se after the report is released.

Home Reit — FCA closes investigation

(LSE:HOME) Home REIT plc announced that the Financial Conduct Authority (FCA) has closed its investigation into the Company. The investigation covered the period from 22 September 2020 to 3 January 2023. The Board of Home REIT received correspondence from the FCA on the evening of 20 October 2026 confirming the closure of the investigation. The FCA stated that it intends to take no further action against the Company. Michael O’Donnell, Chair of Home REIT, commented that the Company is pleased with the closure of the investigation and highlighted the Company's extensive cooperation with the FCA. The announcement refers to a previous disclosure on 13 February 2024 regarding the commencement of the FCA investigation. The person responsible for arranging the release of this announcement on behalf of the Company is Apex Group. The Company's Legal Entity Identifier (LEI) is 213800A53AOVH3FCGG44. FTI Consulting is listed as the Communications Adviser for the Company. Contact details for FTI Consulting are provided as HomeREIT@fticonsulting.com and +44 (0)20 3727 1000. The announcement is marked as containing inside information. The announcement is dated 21 October 2026.

GPE commits to redevelopment of Soho Square Estate

(LSE:GPE) Great Portland Estates plc has committed to the redevelopment of its Soho Square Estate, W1. The planned development will comprise approximately 90,000 sq ft in total, including 75,000 sq ft of high-quality Grade A offices and 15,000 sq ft of prime retail space fronting Oxford Street. The location is described as being just minutes from Tottenham Court Road station and will enhance GPE’s presence along the Elizabeth line, complementing its existing buildings in Soho such as 141 Wardour Street, W1 and 16 Dufour’s Place, W1. The office component will feature typical floorplates of around 12,000 sq ft, which the company states are increasingly sought after in the West End market. The scheme will also offer extensive outdoor space, high-quality amenities, and strong sustainability credentials. Demolition is expected to commence shortly, with completion targeted for summer 2030. Piers Blewitt, Director of Development Management at GPE, stated that the project is a rare opportunity to create a flagship HQ at a prime West End location and builds on the company’s Elizabeth line strategy. He noted that the market is circa 50% undersupplied between now and 2030, and expressed confidence that the scheme will be delivered at the right point in the cycle. The announcement also references GPE’s executive team, including Toby Courtauld (Chief Executive), Stephen Burrows (Director of Investor Relations and Joint Director of Finance), and Yasemin Kiani (Senior Communications Lead).

ARMOUR Residential REIT, Inc. Announces Margaret Field Karr Has Joined as Strategic Investor Relations Advisor

(NYSE:ARR) ARMOUR Residential REIT, Inc. announced that Margaret Field Karr has joined the company to provide strategic investor relations and corporate communications advisory services. Ms. Karr brings over 14 years of experience in investor relations, corporate communications, and financial services, with a focus on the mortgage industry. She has worked closely with executive leadership teams, institutional investors, and analysts to enhance investor engagement, communicate complex financial information, and build credibility with key stakeholders. Scott J. Ulm, Chief Executive Officer and Vice Chairman of ARMOUR, stated that Maggie Karr's expertise will be a significant asset as the company seeks to enhance its investor relations capabilities. Ms. Karr previously served as Director, Head of Corporate Communications and Investor Relations at Two Harbors Investment Corp., where she led investor relations and communications for both Two Harbors Investment Corp. and its subsidiary, RoundPoint Mortgage Servicing LLC. Her experience includes managing quarterly earnings, initial public offerings, capital markets transactions, acquisitions, and organizational transformations. She also served as Vice President, Financial Advisor at Moran Wealth Management, an independent wealth management and investment advisory firm. Maggie Karr expressed enthusiasm about joining ARMOUR, citing the company's long-standing presence in the agency mortgage REIT market, experienced investment team, and commitment to delivering income to shareholders. ARMOUR invests primarily in fixed rate residential, adjustable rate, and hybrid adjustable rate residential mortgage-backed securities issued or guaranteed by U.S. Government-sponsored enterprises or guaranteed by the Government National Mortgage Association. ARMOUR is externally managed and advised by ARMOUR Capital Management LP, an investment advisor registered with the Securities and Exchange Commission.

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