Day: August 8, 2022

RioCan Announces Second Quarter 2022 Results – Portfolio Quality Delivers Continued Growth

Written by Customer Service on August 8, 2022. Posted in Earnings Releases And Operating Results.

Net income of $78.5 million and FFO per unit 1 of $0.43 1.5 million sq. ft. of new and renewed leases with renewal leasing spread of 11.2% and blended spread of 10.5%TORONTO, Aug. 08, 2022 (GLOBE NEWSWIRE) — RioCan Real Estate Investment Trust (“RioCan” or the “Trust”) (TSX: REI.UN) announced today its financial results for the three and six months ended June 30, 2022 (the “Second Quarter”). “Our strong results for the quarter reflect our capacity to generate quality income and growth in any environment,” said Jonathan Gitlin, President and CEO of RioCan. “Focused on our strategy to drive growth and create value over the long-term, we will continuously evolve our portfolio to meet ever-changing market demands with more essential and resilient tenants. The quality and positioning of our portfolio combined...

Enstar Announces LPT Transaction With Argo

Written by Customer Service on August 8, 2022. Posted in Public Companies.

HAMILTON, Bermuda, Aug. 08, 2022 (GLOBE NEWSWIRE) — Enstar Group Limited (NASDAQ: ESGR) announced today that one of its wholly-owned subsidiaries has signed an agreement for a Loss Portfolio Transfer (“LPT”) with specialty insurance underwriter Argo Group International Holdings, Ltd. (“Argo”) to reinsure a number of its direct U.S. casualty insurance portfolios, including construction, relating to accident years 2011 to 2019. Enstar’s subsidiary will provide ground up cover of $746 million, and an additional $275 million of cover in excess of $821 million, up to a policy limit of $1.1 billion. Argo will retain a loss corridor of $75 million up to $821 million. The closing of the transaction is subject to regulatory approval and other closing conditions and is expected to be completed in the second half of 2022. Dominic Silvester,...

Agios Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4) to Newly Appointed Chief Executive Officer

Written by Customer Service on August 8, 2022. Posted in Public Companies.

CAMBRIDGE, Mass., Aug. 08, 2022 (GLOBE NEWSWIRE) — Agios Pharmaceuticals, Inc. (Nasdaq: AGIO), a leader in the field of cellular metabolism pioneering therapies for genetically defined diseases, today announced the grant of inducement equity awards outside of the company’s 2013 Stock Incentive Plan to its newly appointed chief executive officer, Brian Goff. The grants were approved by the board of directors effective as of August 8, 2022 as inducements material to Mr. Goff entering into employment with the company in accordance with Nasdaq Listing Rule 5635(c)(4). The inducement grants consisted of (i) a nonstatutory option to purchase up to 561,083 shares of common stock, (ii) restricted stock units for 68,073 shares of common stock and (iii) performance stock units for 170,183 shares of common stock. The option has an exercise...

Imperial Reports Second Quarter 2022 Financial Results

Written by Customer Service on August 8, 2022. Posted in Earnings Releases And Operating Results.

VANCOUVER, British Columbia, Aug. 08, 2022 (GLOBE NEWSWIRE) — Imperial Metals Corporation (the “Company”) (TSX:III) reports financial results for the three and six months ended June 30, 2022, as summarized in this news release and discussed in detail in the Management’s Discussion & Analysis. The Company’s financial results are prepared in accordance with International Financial Reporting Standards (“IFRS”). The reporting currency of the Company is the Canadian (“CDN”) Dollar. QUARTER HIGHLIGHTS FINANCIAL Total revenue increased to $36.4 million in the June 2022 quarter compared to $34.2 million in the 2021 comparative quarter, an increase of $2.2 million. In the June 2022 quarter, the Red Chris mine (100% basis) had 4.5 concentrate shipments (2021-3.8 concentrate shipments). Variations in revenue are impacted by the timing...

POET Technologies Reports Second Quarter 2022 Financial Results

Written by Customer Service on August 8, 2022. Posted in Earnings Releases And Operating Results.

TORONTO, Aug. 08, 2022 (GLOBE NEWSWIRE) — POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™ and Photonic Integrated Circuits (PICs) for the data center and tele-communication markets, today reported its unaudited condensed consolidated financial results for the second quarter ended June 30, 2022. The Company’s financial results as well as the Management Discussion and Analysis have been filed on SEDAR. All financial figures are in United States dollars (“USD”) unless otherwise indicated. Recent Business Highlights: The Company achieved the following significant milestones during the three months ended June 30, 2022:Announced the availability of its 400G FR4 and 800G (2x400G FR4) Receive (RX) Optical Engines and the sampling of its 200G...

Acreage Holdings Reports Second Quarter 2022 Financial Results

Written by Customer Service on August 8, 2022. Posted in Earnings Releases And Operating Results.

Marked 6th consecutive quarter of positive Adjusted EBITDA* with sequential improvement of 20% quarter-over-quarter Continued solid revenue growth with a 39% increase year-over-year and an 8% increase quarter-over-quarter to $61.4 million for Q2 2022 NEW YORK, Aug. 08, 2022 (GLOBE NEWSWIRE) — Acreage Holdings, Inc. (“Acreage” or the “Company”) (CSE: ACRG.A.U, ACRG.B.U) (OTCQX: ACRHF, ACRDF), a vertically integrated, multi-state operator of cannabis cultivation and retailing facilities in the U.S., today reported its financial results for the second quarter ended June 30, 2022 (“Q2 2022”). Second Quarter 2022 Financial HighlightsConsolidated revenue was $61.4 million for Q2 2022, an increase of 39% year-over-year. Gross margin of 50% compared to 52% in Q1 2022, and 54% in Q2 2021. Adjusted EBITDA* was $10.4 million in Q2 2022,...

BRT Apartments Corp. Reports Second Quarter Results for 2022

Written by Customer Service on August 8, 2022. Posted in Earnings Releases And Operating Results.

– Net Income and AFFO Per Diluted Share Increase 461.8% and 19.4%, Respectively – – Year-to-Date, Acquired Partners’ Remaining Interests in 11 Properties for $105.45 Million – GREAT NECK, N.Y., Aug. 08, 2022 (GLOBE NEWSWIRE) — BRT APARTMENTS CORP. (NYSE:BRT), a real estate investment trust that owns, operates, and, to a lesser extent, develops, multi-family properties, today reported that for the three months ended June 30, 2022, it generated net income of $35.61 million, or $1.91 per diluted share, Funds from Operations, or FFO1, of $3.77 million, or $0.20 per diluted share, and Adjusted Funds from Operations, or AFFO, of $6.95 million, or $0.37 per diluted share. Jeffrey A. Gould, President and Chief Executive Officer stated, “We are excited to have produced another quarter of excellent execution and portfolio performance as...

Gran Tierra Energy Inc. Announces Second Quarter 2022 Results

Written by Customer Service on August 8, 2022. Posted in Earnings Releases And Operating Results.

Average Total Production of 30,607 BOPD, Highest since Fourth Quarter 2019 Total Average Production Up 4% from First Quarter 2022 and 33% from Second Quarter 2021 Generated Net Income of $53 Million Increased Adjusted EBITDA(1) to $140 Million, Up 286% Year-on-Year Grew Net Cash Provided by Operating Activities to $143 Million, Up 285% Year-on-Year Increased Funds Flow from Operations(1) to $104 Million, Up 345% Year-on-Year, Highest since First Quarter 2013 Generated Free Cash Flow(1)of $38 Million Credit Facility Repaid in Full As of June 30, 2022, Cash Balance of $109 Million and Net Debt(1) of $491 MillionCALGARY, Alberta, Aug. 08, 2022 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE) (TSX:GTE) (LSE:GTE) today announced the Company’s financial and operating results for the...

Titanium Transportation Group Reports Record First Half of 2022; Q2 Revenue of $136 million and EBITDA of $16.3 million

Written by Customer Service on August 8, 2022. Posted in Earnings Releases And Operating Results.

BOLTON, Ontario, Aug. 08, 2022 (GLOBE NEWSWIRE) — Titanium Transportation Group Inc. (“Titanium” or the “Company”) (TSX:TTNM), a leading provider of transportation and logistics services throughout North America, is pleased to report its financial results for the three month and six month period ended June 30, 2022. All amounts are in Canadian currency. Q2 2022 Financial Highlights compared with Q2 2021Consolidated revenue of $136.2 million — an increase of 35.1% Consolidated EBITDA(1) of $16.3 million — an increase of 111.3% — EBITDA Margin(1) of 14.0% Logistics segment revenue of $78.6 million — an increase of 36.2% — including US freight brokerage revenue of $46.0 million which increased 16.9% Logistics segment EBITDA of $8.4 million – EBITDA Margin of 12.0% Truck Transportation...

Battalion Oil Corporation Announces Second Quarter 2022 Financial and Operating Results

Written by Customer Service on August 8, 2022. Posted in Earnings Releases And Operating Results.

HOUSTON, Aug. 08, 2022 (GLOBE NEWSWIRE) — Battalion Oil Corporation (NYSE American: BATL, “Battalion” or the “Company”) today announced financial and operating results for the second quarter 2022. Key HighlightsFirst five wells of 2022 capital program put online during quarter and continued one-rig program with spudding of next three well pad Disciplined capital program mitigating inflation and supply chain disruption Outstanding performance in drilling and completion operations – fewer drilling days and higher pump efficiency than plan Construction underway on recently announced strategic acid gas treating facility Anticipate meaningful production and EBITDA growth in second half of 2022Management Comments Richard Little, the Company’s CEO, commented, “The second quarter was all about building momentum as we pivoted towards...

Day: August 8, 2022

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