Welcome to our dedicated page for Great Elm Group news (Ticker: GEG), a resource for investors and traders seeking the latest updates and insights on Great Elm Group stock.
Great Elm Group Inc (NASDAQ: GEG), a diversified alternative asset manager specializing in credit investments and industrial real estate, maintains this centralized news hub for investors and industry observers. Our curated repository provides immediate access to all material developments including earnings announcements, strategic acquisitions, and portfolio updates across the company's credit, real estate, and specialty finance platforms.
This resource serves as a comprehensive tracking tool for GEG's operational milestones, leadership changes, and regulatory filings. Users can efficiently monitor the company's progress in leveraged middle market investments, industrial property developments, and specialty finance initiatives through verified press releases and objective reporting.
Key updates include detailed coverage of Great Elm Capital Corp (business development company), Monomoy Properties REIT activities, and construction management integrations. Bookmark this page for streamlined access to critical information supporting informed analysis of GEG's diversified investment strategies and market positioning.
Great Elm Group reported significant financial developments for the fiscal second quarter ending December 31, 2022. Total revenue surged 84% to $1.9 million, driven by the management agreement acquisition for Monomoy Properties REIT. The company achieved a net income of $29.7 million, recovering from a $4.2 million net loss the previous year, mainly due to substantial investment gains. Strategic asset sales included an $80 million divestiture of its Durable Medical Equipment business and a $45 million stake sale in Forest Investments, increasing cash resources for further investments. GEG's assets under management stood at $619 million.
Great Elm Group, Inc. (NASDAQ: GEG) announced a conference call and webcast scheduled for February 14, 2023, at 9:00 AM ET. This event aims to discuss the financial results for the second quarter of fiscal 2023, ending December 31, 2022. Interested participants can join by calling +1 (888) 440-4537 or 1 (646) 960-0669 for international callers, using Conference ID 2595129. A slide presentation will also be available on their website for reference during the call.
Great Elm is an alternative asset manager with a focus on diversified investments across various sectors, including credit and real estate.
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