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PennyMac notches another strong earnings report

By   /  Monday, November 9th, 2020  /  Banking & Finance, Banking Industry, Earnings, East Ventura County, Latest news, Real Estate, Tri-County Economy, Tri-County Public Companies  /  Comments Off on PennyMac notches another strong earnings report

PennyMac Financial Services more than tripled its net income over the course of a year when it reported $535.2 million, or $7.03 per share, in its third quarter financial report, up from $121.5 million, or $1.51 per share, in the third quarter of 2019. The Westlake Village-based mortgage lender built on steam from a record Read More →

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LTC earnings drop as pandemic hurts rent income

By   /  Friday, October 30th, 2020  /  Banking & Finance, Central Coast Health Watch, Earnings, East Ventura County, Latest news, Real Estate, Tri-County Economy, Tri-County Public Companies  /  Comments Off on LTC earnings drop as pandemic hurts rent income

LTC Properties, a senior housing and health care real estate investment trust, posted another quarter of low net income when it filed its third quarter financial report on Oct. 29. The Westlake Villaged-based company announced a net income of $12.1 million, or 31 cents per diluted share, compared to $27.1 million, or 68 cents per Read More →

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PennyMac’s quarter to remember

By   /  Thursday, August 6th, 2020  /  Banking & Finance, Banking Industry, Earnings, East Ventura County, Real Estate, Top Stories, Top Story, Tri-County Economy, Tri-County Public Companies  /  Comments Off on PennyMac’s quarter to remember

With mortgage rates at record lows and the homebuying and refinancing markets booming, PennyMac Financial Services, a Westlake Village mortgage lender, and its real estate investment trust both reported strong financial results on Aug. 6. PennyMac Financial Services announced a net income of $352.7 million for the second quarter of 2020, or $4.39 per share, Read More →

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LTC sees big revenue drop after rent losses

By   /  Friday, July 31st, 2020  /  Banking & Finance, Earnings, East Ventura County, Latest news, Real Estate, Tri-County Public Companies  /  Comments Off on LTC sees big revenue drop after rent losses

LTC Properties’ net income dropped more than 90 percent from the second quarter of 2019 to the second quarter of 2020, as the Westlake Village-based senior-housing property investment trust wrote off $17.7 million in rent. LTC’s stock dropped after the July 31 earnings announcement. It opened at $38.38 on Aug. 1 and was at $36.78 Read More →

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Hair: Ventura office building will be upgraded after $4.25M sale

By   /  Friday, June 26th, 2020  /  Columns, Latest news, Real Estate  /  Comments Off on Hair: Ventura office building will be upgraded after $4.25M sale

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Owner-user buys Goleta property in latest trend

By   /  Friday, June 19th, 2020  /  Columns, Latest news, Real Estate  /  Comments Off on Owner-user buys Goleta property in latest trend

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Hair: Predictions for the future of commercial real estate

By   /  Friday, May 29th, 2020  /  Columns, Latest news, Real Estate, South Coast  /  Comments Off on Hair: Predictions for the future of commercial real estate

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