NewzMIAMI (AP) — MIAMI (AP) — Millrose Properties Inc. (MRP) on Tuesday reported net income of $125.9 million in its second quarter. The Miami-based company said it had net income of 76 cents per share.
The real estate investment trust that acquires and develops land for home builders posted revenue of $196.9 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MRP at https://www.zacks.com/ap/MRP Source
NEW YORK (AP) — NEW YORK (AP) — Blackstone Digital Infrastructure Trust Inc. (BXDC) on Tuesday reported a key measure of profitability in its second quarter. The real estate investment trust, based in New York, said it had funds from operations of $7.7 million, or 8 cents per share, in the period.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization. The company said it had net income of $7.1 million, or 14 cents per share.
Access a Zacks stock report on BXDC at https://www.zacks.com/ap/BXDC Source
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