Industry News

Milestone Apartments Real Estate Investment Trust today announced that it has entered into an agreement to internalize the REIT's asset management function. Closing of the Transaction is expected to occur on September 30, 2016, subject to unitholder approval and other customary conditions."/>
Milestone Apartments REIT Announces Internalization of Asset Management
Arlington Asset Investment Corp. today reported net income of $12.9 million, or $0.56 per diluted share, and non-GAAP core operating income of $15.5 million, or $0.67 per diluted share, for the quarter ended June 30, 2016. A reconciliation of non-GAAP core operating income to GAAP income before income taxes appears at the end of this press release. Second Quarter 2016 Financial Highlights."/>
Arlington Asset Investment Corp. Reports Second Quarter 2016 Financial Results
Boston Properties, Inc., a real estate investment trust, reported results today for the second quarter ended June 30, 2016.. Net income available to common shareholders was $96.6 million for the quarter ended June 30, 2016, compared to $79.5 million for the quarter ended June 30, 2015. Net income available to common shareholders per share for the quarter ended June 30, 2016 was $0.63 basic and $0.63 on a diluted basis."/>
Boston Properties Announces Second Quarter 2016 Results
Stein Mart building on the Southbank for almost $24 million. Stein Mart's headquarters occupy about half the 10- story, 197,000- square-foot building, which has a total of 20 tenants and is 93- percent occupied. Lingerfelt CommonWealth Partners paid $23,625,000 for the property, which includes a six-story parking garage, according to the deed filed Tuesday with the Duval County Clerk of Courts."/>
BRIEF: Stein Mart building sells for $23.6 million [The Florida Times-Union, Jacksonville]
Broadridge Financial Solutions, Inc. has signed an agreement with SEI that will provide SEI private banking clients access to Broadridge's global securities class action services. Through the new strategic partnership, SEI private banking clients can elect to utilize Broadridge's services, which will monitor securities class action lawsuit settlements worldwide to spot opportunities to help recover funds for SEI clients and..."/>
SEI Clients Gain Access to Broadridge Global Securities Class Actions Services via New Strategic Partnership
QTS Realty Trust, Inc. today announced operating results for the second quarter ended June 30, 2016.. Reported net income of $5.8 million in the second quarter of 2016, an increase of 5.2% compared to the second quarter of 2015. Net income was $0.11 and $0.10 per basic and diluted share, respectively, for the second quarter of 2016, compared to net income per basic and diluted share of $0.13 and $0.12, respectively, for the second quarter of..."/>
QTS Reports Second Quarter 2016 Operating Results
National Capital Bank of Washington reported net income of $1,310,000, or $4.55 per common share, for the three months ended June 30, 2016, compared to $782,000, or $2.72 per common share, for the three months ended June 30, 2015. For the six months ended June 30, 2016, net income was $3,128,000, or $10.87 per common share, compared to $1,148,000, or $3.99 per common share, for the six months ended June 30, 2015. The Bank continues to benefit..."/>
The National Capital Bank of Washington Reports Second Quarter Earnings
Bay Banks of Virginia, Inc., holding company for Bank of Lancaster and Bay Trust Company, reported earnings of $586,000 for the quarter ended June 30, 2016 compared to earnings of $294,000 for the same quarter in 2015. Earnings for the six months ended June 30, 2016 were $1.1 million compared to $675,000 for the same period in 2015. "Earnings are the #1 priority for 2016 and they are growing."/>
Bay Banks Of Virginia, Inc., Reports Second Quarter Earnings
Chubb Limited today reported net income for the quarter ended June 30, 2016, of $726 million, or $1.54 per share, compared with $942 million, or $2.86 per share, for the same quarter last year. Operating income was $1,058 million, or $2.25 per share, compared with $788 million, or $2.40 per share, for the same quarter last year. Operating income excluding catastrophe losses was $1,369 million, or $2.91 per share, compared with $894 million, or $2.72 per..."/>
Chubb Reports Second Quarter Net and Operating Income of $1.54 and $2.25 per Share, Respectively; Annualized ROE and Operating ROE are 6.2% and 9.5%, Respectively, for the Quarter and 5.3% and 9.8% Year-to-Date
Apollo Commercial Real Estate Finance, Inc. today reported financial results for the three and six month periods ended June 30, 2016.. Reported net income available to common stockholders for the three months ended June 30, 2016 of $4.5 million, or $0.06 per diluted share of common stock, as compared to net income available to common stockholders of $22.8 million, or $0.39 per diluted share of common stock, for the three months ended June 30, 2015; Reported Operating..."/>
Apollo Commercial Real Estate Finance, Inc. Reports Second Quarter 2016 Financial Results
Tanger Factory Outlet Centers, Inc. today reported net income available to common shareholders for the three months ended June 30, 2016 increased 192.3% to $0.76 per share, or $72.7 million, from $0.26 per share, or $24.2 million, for the three months ended June 30, 2015. Net income available to common shareholders for the six months ended June 30, 2016 increased 67.7% to $1.04 per share, or $99.5 million, from $0.62 per share, or $58.3 million,..."/>
Tanger Reports Second Quarter 2016 Results
Blackstone Mortgage Trust, Inc. today reported its second quarter 2016 results. Stephen D. Plavin, Chief Executive Officer, said, "BXMT had another strong quarter, driven by $859 million of originations and $1.8 billion of incremental financing capacity for new loans. Our low volatility, senior mortgage business is thriving in the current market environment. ""/>
Blackstone Mortgage Trust Reports Second Quarter 2016 Results
Apollo Commercial Real Estate Finance, Inc. and Apollo Residential Mortgage, Inc. today announced the aggregate consideration to be paid in connection with the acquisition of AMTG by ARI, which values AMTG as of July 22, 2016 at approximately $13.83 per share of common stock. The value of the consideration as of the Pricing Date represents a premium of approximately 36% to the closing price of AMTG’ s shares of common stock on February 25, 2016, the day prior to the..."/>
Apollo Commercial Real Estate Finance, Inc. Announces Purchase Price Information in Connection with the Acquisition of Apollo Residential Mortgage, Inc.
Zions Bancorporation today reported net earnings applicable to common shareholders for the second quarter of 2016 of $90.6 million, or $0.44 per diluted common share, compared to net earnings applicable to common shareholders of $78.8 million, or $0.38 per diluted common share, for the first quarter of 2016 and a net loss applicable to common shareholders of$ million, or$ per diluted common share, for the second quarter of 2015.."/>
Zions Bancorporation Reports Second Quarter Financial Results
Chimera Investment Corporation announced today that it will release its financial results for the quarter ended June 30, 2016 after the market close on Wednesday, August 3, 2016. The Company will conduct a conference call and audio webcast to discuss the results on Thursday, August 4, 2016 at 10:00 a.m. EDT. If you would like to be added to the e-mail distribution list, please visit www.chimerareit.com, click on Investor Relations, then select Email Alerts and complete..."/>
Chimera Investment Corporation Announces Date of Second Quarter 2016 Financial Results and Conference Call
Cortland Bancorp, the holding company for Cortland Savings and Banking Company, today announced that its Board of Directors declared a quarterly cash dividend of $0.07 per share. The dividend will be payable on September 1, 2016, to shareholders of record as of the close of business on August 10, 2016.. “We are pleased that our strong financial results have again allowed us to pay our quarterly cash dividend,” said James Gasior, President and Chief..."/>
Cortland Bancorp Declares Quarterly Cash Dividend of $0.07 Per Share
RMR Group Inc. today announced that it will issue a press release containing its third quarter 2016 financial results before the Nasdaq opens on Tuesday, August 9, 2016. At 1:00 p.m. Eastern Time that afternoon, President and Chief Executive Officer Adam Portnoy and Chief Financial Officer Matt Jordan will host a conference call to discuss these results. The conference call telephone number is 329-4297. Participants calling from outside the United..."/>
The RMR Group Inc. Third Quarter 2016 Conference Call Scheduled for Tuesday, August 9th
Wells Fargo & Company Announces Dividend
Sovran Self Storage, Inc.' BBB'."/>
Correction: Fitch Rates Sovran's Inaugural Public Bond due 2026 'BBB'; Ratings on Negative Watch
Outerwall Inc. by Apollo Global Management LLC. On July 25, 2016, the two companies announced the signing of a definitive merger agreement pursuant to which Apollo Global Management will acquire Outerwall. Under the terms of the agreement, Outerwall shareholders will receive $52.00 for each share of Outerwall common stock."/>
Robbins Arroyo LLP: Acquisition of Outerwall Inc. (OUTR) by Apollo Global Management LLC (APO) May Not Be in Shareholders' Best Interests
ORIX Ventures Changes Name to ORIX Growth Capital

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