Industry News

Cooper-Standard Holdings will replace QLogic Corp. in the S&P SmallCap 600 after the close of trading on Wednesday, August 10. Cavium Inc. is acquiring QLogic Corp. in a deal expected to be completed soon pending final approvals. Cooper-Standard Holdings designs, manufactures, and sells sealing, fuel and brake delivery, fluid transfer, and anti-vibration systems."/>
Cooper -Standard Holdings Set to Join the S&P SmallCap 600
CubeSmart, a self-administered and self-managed real estate investment trust focused on self-storage facilities, announced today that its operating partnership, CubeSmart, L.P., has priced an underwritten public offering of $300 million of 3.125% senior unsecured notes due 2026. The notes were priced at 99.504% of the principal amount to yield 3.183% to maturity. The notes are fully and unconditionally guaranteed by CubeSmart. The offering is expected..."/>
CubeSmart Announces Pricing of Public Offering of $300 Million of 3.125% Senior Unsecured Notes Due 2026
Boston Properties, Inc., a real estate investment trust, announced today that its operating partnership, Boston Properties Limited Partnership, has agreed to sell $1.0 billion of 2.750% senior unsecured notes due 2026 in an underwritten public offering through Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner& Smith Incorporated, Morgan Stanley& Co. LLC, U.S. Bancorp Investments, Inc., BNY Mellon Capital Markets Inc., Citi Group Global..."/>
Boston Properties Prices $1.0 Billion Offering of Senior Unsecured Notes
Colony Capital, Inc. and subsidiaries today announced financial results for the second quarter ended June 30, 2016 and declared a dividend of $0.40 per share of Class A and Class B common stock for the third quarter of 2016.. Net income attributable to common stockholders of $43.0 million, or $0.38 per basic share. Record level of core funds from operations of $100.4 million, or $0.75 per basic share; Funds from operations of $78.6 million, or $0.58 per basic share...."/>
Colony Capital Announces Second Quarter 2016 Financial Results
Condor Hospitality Trust, Inc. today announced results for the second quarter ended June 30, 2016.. "Significant progress in the strategic repositioning of Condor was once again achieved in the second quarter of 2016 with the completion of the Series A and B preferred stock redemption, the sale of seven legacy assets, and the negotiation of a joint venture to acquire a high-quality asset meeting the new investment strategy of the Company," said Bill Blackham,..."/>
Condor Hospitality Trust Reports 2016 Second Quarter Results
EverBank Financial Corp. announced Monday it agreed to sell the company to TIAA. TIAA, headquarted in New York City, announced the agreement to acquire EverBank, a nationwide consumer and commercial bank with $27.4 billion in total assets. Under the terms of the agreement, EverBank stockholders will receive $19.50 per share in cash, or an approximate total of $2.5 billion when the deal closes."/>
Jacksonville's EverBank agrees to acquisition terms with TIAA [The Florida Times-Union, Jacksonville]
NewNorth Projects Ltd. today announced its financial results for the quarter ended June 30, 2016.. Greg Herndier, President and Chief Executive Officer of NewNorth, reports a net loss after tax for the quarter ended June 30, 2016 is $164,000.. After tax loss per share, basic and diluted is $0.01."/>
NewNorth announces results for the quarter ended June 30, 2016
BTB Real Estate Investment Trust releases today its financial results for the second quarter ended June 30, 2016, and announces the following highlights:. HIGHLIGHTS OF THE SECOND QUARTER 2016. 4.0% in rental income 2.8% in net operating income 6.9% in net income and comprehensive income 0.4% in net operating income from the same-property portfolio 6.8% in assets 6.2% in recurring FFO 4.9% in recurring AFFO."/>
BTB reduces its debt rate by 4%, and records its lowest debt rate since 2010
National Storage Affiliates Trust today reported the Company’ s second quarter 2016 results. Net income was $6.0 million for the second quarter of 2016, an increase of $5.9 million compared to $0.1 million for the second quarter of 2015. Core funds from operations was $14.7 million, or $0.28 per share, for the second quarter of 2016, an increase of 27.3% per share compared to $8.5 million, or $0.22 per share, for the second quarter of 2015. Same store..."/>
National Storage Affiliates Trust Reports Second Quarter 2016 Results; Net Income Increases $5.9 million; Core FFO per Share Increases 27.3%; Same Store NOI Increases 10.8%; Acquired 25 Self Storage Properties
CareTrust REIT, Inc. today reported operating results for the second quarter of 2016, as well as other recent events. Quarter and other highlights include:. Net income for the quarter was $0.13 per diluted weighted average share; Normalized FFO for the quarter was $0.27 per diluted weighted average share; Normalized FAD for the quarter was $0.29 per diluted weighted average share; During the quarter and since, CareTrust initiated four new..."/>
CareTrust REIT, Inc. Announces Second Quarter 2016 Operating Results
Heritage Global Inc., a value-driven, innovative leader in corporate and financial asset liquidation transactions, valuations and advisory services, today reported financial results for the second quarter ended June 30, 2016 as summarized below. Second Quarter 2016 Financial Results Summary. Total revenues increased approximately 11% to $3.9 million from the year ago second quarter level of $3.5 million, while the cost of revenues remained flat at $1.1 million."/>
Heritage Global Inc. Reports 2016 Second Quarter Operating Results
Sprott Inc. will host a conference call on Friday, August 12, 2016 at 10:00 a.m. ET to discuss its 2016 second quarter financial results. Peter Grosskopf, CEO of Sprott Inc., will chair the call. The Company plans to release its financial results at 7:00 a.m. ET the same day.."/>
Sprott Inc. Announces Date for 2016 Second Quarter Results Conference Call
First Foundation Inc., a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced the close of the sale of $265 million of loans secured by multifamily properties, which were securitized by Freddie Mac as part of its small balance loan program. First Foundation Bank is the subservicer of the loans. “This is the second deal we have completed with Freddie Mac,” said Scott F. Kavanaugh, CEO..."/>
First Foundation Completes Sale of Multifamily Small Balance Loans
Franklin Resources, Inc. today reported preliminary month-end assets under management by the company's subsidiaries of $739.9 billion at July 31, 2016, compared to $732.1 billion at June 30, 2016, and $854.7 billion at July 31, 2015.. ASSETS UNDER MANAGEMENT Preliminary 31- Jul-16 30- Jun-16 31- Mar-16 31- Dec-15 31- Jul-15---------------------------------------------------------------------------- Franklin Templeton Investments: Equity: Global/international $201.5 $195.7 $204.7 $211.7 242.6 United States 103.8 101.1..."/>
Franklin Resources, Inc. Announces Month-End Assets Under Management
Willis Towers Watson. 2 In absolute dollars, employers expect average employee per-year costs to rise to $12,338 in 2016 and nearly $13,000 in 2017. Despite these cost pressures, 81% of employers will make relatively modest changes to employee premium..."/>
U.S. employers expect health care costs to increase 5.0% in both 2016 and 2017
Main Street Capital Corporation announced today its financial results for the second quarter of 2016.. Net investment income of $27.6 million, representing a 2% increase from the second quarter of 2015 Distributable net investment income of $29.9 million, representing a 4% increase from the second quarter of 2015 Total investment income of $42.9 million, representing a 4% increase from the second quarter of 2015 Maintained industry leading..."/>
Main Street Announces Second Quarter 2016 Financial Results
Redwood Trust, Inc. today reported net income for the second quarter of 2016 of $41 million, or $0.48 per fully diluted share. This compares to net income of $12 million, or $0.15 per fully diluted share, for the first quarter of 2016 and net income of $27 million, or $0.31 per fully diluted share, for the second quarter of 2015. Redwood also reported non-GAAP core earnings for the second quarter of 2016 of $40 million, or $0.47 per fully diluted..."/>
Redwood Trust Reports Second Quarter 2016 Results
Main Street Capital Corporation is pleased to announce that it has received a license from the U.S. Small Business Administration to operate a third Small Business Investment Company. The third SBIC license provides Main Street with up to $125 million of additional attractive, long-term, fixed interest rate debt capital through the issuance of SBA-guaranteed debentures."/>
Main Street Receives Third SBIC License
Ashford Hospitality Trust, Inc. announced today that the Company's Board of Directors has unanimously approved and adopted several corporate governance enhancements including amendments to the Company's Equity Incentive Plan. Modification of the Company's Equity Incentive Plan to require stock ownership by directors and officers to match the stock ownership guidelines outlined in the current Corporate Governance Guidelines;..."/>
Ashford Trust Announces Enhancements To Corporate Governance Policies

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