Industry News

Sandy Spring Bancorp, Inc. will announce its second quarter earnings on Thursday, July 21, 2016. The company will hold a conference call that day at 2:00 p.m. to discuss results and answer questions. The conference call will be webcast live through the Sandy Spring Bank website."/>
Sandy Spring Bancorp, Inc. to Webcast Second Quarter Earnings Conference Call on July 21, 2016
Flagstar Bancorp, Inc. today released instructions for its second quarter 2016 earnings call, which will be held Tuesday, July 26, 2016, at 11 a.m. The purpose of the call is to discuss Flagstar's second quarter 2016 financial results, which will be released at approximately 6:30 a.m. July 26, 2016.. To join the call, please dial 723-6604 toll free or 830-7977, and use passcode 1789408."/>
Flagstar Announces Second Quarter 2016 Earnings Call
Sprott Inc. today announced that its total assets under management have surpassed $10 billion.. “Our year-to-date AUM growth has been driven in part by renewed investor interest in precious metals and alternative income strategies,” said Peter Grosskopf, CEO of Sprott.“ We expect further growth in the second half of 2016 given several important product launches, including the Sprott World Gold Fund and additional alternative income strategies.”."/>
Sprott Passes $10 Billion in Assets Under Management
National Bank Holdings Corporation expects to report its second quarter financial results after the markets close on Thursday, July 21, 2016. Management will host a conference call to review the results at 11:00 a.m. Eastern Time on Friday, July 22, 2016. Interested parties may listen to this call by dialing 272-6762/ 800-6832 using the Conference ID of 92236155 and asking for the NBHC Second Quarter Earnings conference call."/>
National Bank Holdings Corporation Announces Date for Second Quarter Earnings Release
Chatham Lodging Trust, a lodging real estate investment trust that invests in upscale, extended-stay hotels and premium-branded, select-service hotels and owns 133 hotels wholly or through joint ventures, today announced that it will report second quarter 2016 financial results on Wednesday, August 3, 2016, before the opening of the market. That same day at 10:00 a.m. ET, Jeffrey H. Fisher, Chatham’ s chief executive officer, Dennis M. Craven,..."/>
Chatham Lodging Announces Second Quarter Earnings Call to be Held on Wednesday, August 3, 2016
STORE Capital Corporation, an internally managed net-lease real estate investment trust that invests in S ingle T enant O perational R eal E state, today announced that it will release financial results for the second quarter ended June 30, 2016, before the market opens on Thursday, August 4, 2016.. A conference call and audio webcast with analysts and investors will be held later that..."/>
STORE Capital to Report Second Quarter 2016 Financial Results on August 4, 2016
Western Asset Mortgage Capital Corporation today announced that it will release financial results for the second quarter ended June 30, 2016 after the market closes on Wednesday, August 3, 2016. The Company will host a corresponding conference call with a live webcast on Thursday August 4, 2016 at 11:00 a.m. Eastern Time/8: 00 a.m. Pacific Time, to discuss those results and answer questions."/>
Western Asset Mortgage Capital Corporation To Report Second Quarter 2016 Financial Results
Rexford Industrial Realty, Inc., a real estate investment trust focused on owning and operating industrial properties located in Southern California infill markets, today announced the acquisition of two assets, including the remaining 85% interest in a property previously held in a joint venture for approximately $21.8 million..."/>
Rexford Industrial Acquires Two Properties for $29.4 Million and Sells Two Properties for $19.2 Million
Assured Guaranty Ltd. have made debt service payments to holders of insured general obligation and other bonds on which Puerto Rico and certain of its instrumentalities defaulted on July 1, 2016. The table below lists the defaulting issuers, the total principal and interest payments due July 1 from such issuers on bonds insured by Assured Guaranty Municipal Corp. and Assured Guaranty Corp., and the total gross and net..."/>
Assured Guaranty Protects Insured Bondholders from Puerto Rico Default
Gramercy Property Trust, a real estate investment trust, announced today that Gramercy Property Europe plc, a Europe-focused real estate investment fund sponsored and managed by a subsidiary of the Company, acquired a 244,200 square foot portfolio of five car dealerships via a sale and lease back transaction in locations across the Netherlands for €27.4 million. The properties range in size from 18,100 to 106,200 square feet and are all leased for an initial term of..."/>
Gramercy Europe Closes on €27.4 Million Sale and Leaseback of Five Car Dealerships in the Netherlands
Boston Properties Inc declared on Thursday that it has acquired a 49.8% interest in an existing joint venture with Teachers Insurance and Annuity Association that owns the fee interests in Colorado Center in Santa Monica, California, for a total gross purchase price of about USD511.1m. Also, the company said that this gross price is about USD503.6m net of credits for free rent, unfunded leasing costs and other adjustments. Also, it has a 49.8% interest in the property without any..."/>
Boston Properties acquires Colorado Center in Santa Monica for about USD511.1m gross
Assurant Inc revealed on Thursday that it acquired American Title Inc, a title and valuation services provider, for USD45m in cash and with a potential earn-out based on future performance. Further, American Title will operate as part of the company's Mortgage Solutions business, which capabilities include property preservation, appraisal and valuation services. ATI's main business lines include title services, settlement services and valuation for home equity loans,..."/>
Assurant announces acquisition of American Title Inc for USD45m cash
Empire State Realty Trust Inc reported on Thursday that its borrowing capacity under its unsecured revolving credit facility was increased by USD300m to USD1.1bn. Also, the company said that it has the ability to further increase the facility's total capacity to USD1.25bn, with additional exercises of the accordion during its term, which will initially mature in 2019.. A real estate investment trust, Empire State owns, manages, operates, acquires and re-positions office and..."/>
Empire State Realty Trust announces increase of borrowing capacity to USD1.1bn
Assurant, Inc. announced today its acquisition of American Title, Inc., a leader in title and valuation services for home equity lenders. American Title will operate as part of Assurant's Mortgage Solutions business, whose capabilities include property preservation, appraisal and valuation services."/>
Assurant Acquires American Title, Leader in Title and Valuation
National Storage Affiliates Trust stated on Thursday that it closed its underwritten public offering of 12,046,250 common shares at USD20.75 per share that includes 1,571,250 common shares issued with the full exercise of the underwriters' option for additional shares at that price less the underwriting discount. Net proceeds of about USD237.7m was received by the company, after the underwriting discount and estimated offering expenses payable, it said."/>
National Storage closes public offering of 12.0m common stock and full exercise of underwriters’ option
Norfolk Southern to pay to settle discrimination case. Norfolk Southern Corp. will pay nearly $500,000 to more than 2,000 African-Americans to settle allegations of race-based hiring discrimination. Department of Labor announced Tuesday that Norfolk Southern will pay 2,086 African-Americans who applied for track laborer and building-and-bridge laborer positions at the company's Roanoke, Virginia, location."/>
Business Briefs: Ex-Unum board member Sen. William Armstrong dies [Chattanooga Times Free Press, Tenn.]
IndusInd Bank Ltd will be the first large firm to announce results on 11 July, as per information made available on stock exchanges."/>
Worry over banks; consumption holds out hope [Mint, New Delhi]
Morgan Stanley, which has estimated that e-commerce sales in India will soar to nearly $120 billion by 2020; UBS Group AG is at the other end of the spectrum, predicting that online retail will rise only to $48-60 billion by that year."/>
So, what's the state of India's online retail market anyway? [Mint, New Delhi]

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