Nexus Industrial REIT Announces Q1 2023 Results and Annual Meeting Voting Results

Written by Customer Service on May 12, 2023. Posted in Earnings Releases And Operating Results.

TORONTO and MONTREAL, May 12, 2023 (GLOBE NEWSWIRE) — Nexus Industrial REIT (the “REIT”) (TSX: NXR.UN) announced today its results for the quarter ended March 31, 2023. Highlights On April 26, 2023, the REIT sold a retail property located in Victoriaville, Quebec for $40.3 million. On April 21, 2023, the REIT acquired a 264,600 square foot industrial property located in London, Ontario for $36.0 million. On March 7, 2023, the REIT acquired a newly constructed 532,000 square foot distribution centre located in Casselman, Ontario for $116.8 million. On March 1, 2023, the REIT entered into senior unsecured credit facilities totalling $375 million with three-year terms (the “Unsecured Facilities”). The Unsecured Facilities are comprised of a $190 million revolving credit facility, a $175 million term loan facility and a $10 million...

Blue Water Biotech Reports First Quarter 2023 Financial Results and Recent Business Highlights

Written by Customer Service on May 12, 2023. Posted in Earnings Releases And Operating Results.

CINCINNATI, May 12, 2023 (GLOBE NEWSWIRE) — Blue Water Biotech, Inc. (“Blue Water” or the “Company”), a biotechnology company spanning multiple sectors, today announced its financial results for the quarter ended March 31, 2023 and provided an update on recent business developments and Company progress. Blue Water Biotech is a biological and pharmaceutical technology company developing multiple preclinical vaccine candidates across various infectious diseases and owns the FDA-approved benign hyperplasia (“BPH”) asset, ENTADFI®. “Blue Water’s recent growth is highlighted by our acquisition of ENTADFI®, as well as our subsequent rebranding initiative and name change to reflect our transition into a commercial-stage biotechnology company,” said Joseph Hernandez, Chairman and Chief Executive Officer of Blue Water. “We believe this...

Patriot Reports Break Even First Quarter

Written by Customer Service on May 12, 2023. Posted in Earnings Releases And Operating Results.

Increases Loan Balances, Credit Reserves & Liquidity STAMFORD, Conn., May 12, 2023 (GLOBE NEWSWIRE) — Patriot National Bancorp, Inc. (“Patriot,” “Bancorp” or the “Company”) (NASDAQ: PNBK), the parent company of Patriot Bank, N.A. (the “Bank”), today announced net loss of $53.0 thousand, or $(0.01) basic and diluted loss per share for the quarter ended March 31, 2023. These results compared to net income of $1.8 million, or $0.45 per basic and diluted earnings per share for the fourth quarter of 2022 and net income of $800 thousand, or $0.20 basic and diluted earnings per share reported in the first quarter of 2022. The first quarter of 2023 financial results were adversely impacted by increasing reserves, which resulted in an elevated provision for credit losses of $1.3 million, compared to no provision for loan losses recorded...

SmartCentres Real Estate Investment Trust Announces $300 Million Series Z Senior Unsecured Debenture Issue

Written by Customer Service on May 12, 2023. Posted in Public Companies.

NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES TORONTO, May 12, 2023 (GLOBE NEWSWIRE) — SmartCentres Real Estate Investment Trust (“SmartCentres” or the “Trust”) (TSX:SRU.UN) announced today that it has priced an offering of $300 million aggregate principal amount of 5.354% Series Z senior unsecured debentures on an agency basis. The Series Z debentures will mature on May 29, 2028. The debentures are being offered by a syndicate of agents with Scotia Capital as the lead left bookrunner, CIBC Capital Markets, Desjardins Securities, RBC Capital Markets and TD Securities as joint bookrunners, and BMO Capital Markets, National Bank Financial, Mizuho Securities, HSBC Securities (Canada), Canaccord Genuity, Casgrain and iA Private Wealth as co-managers. The offering is expected to close on or about May...

CAPREIT Reports First Quarter 2023 Results

Written by Customer Service on May 12, 2023. Posted in Earnings Releases And Operating Results.

TORONTO, May 12, 2023 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX: CAR.UN) announced today continued growth and strong operating and financial results for the three months ended March 31, 2023. Management will host a conference call to discuss the financial results on Monday, May 15, 2023 at 9:00 a.m. EST. HIGHLIGHTS: As at March 31, 2023 December 31, 2022 March 31, 2022 Total Portfolio Performance and Other Measures Number of suites and sites 65,527 66,586 67,182 Investment properties fair value (000s) $ 17,121,228 $ 17,153,709 $ 17,523,587 Occupied AMR(1) Canadian Residential Portfolio(2) $ 1,428 $ 1,401 $ 1,356 The Netherlands Portfolio € 1,002 € 992 € 949 Change in monthly rent on suite turnovers(3) Canadian...

Northview Fund Announces Q1 2023 Financial Results Including NOI Growth of 9.2 Percent Driven by Strong Occupancy

Written by Customer Service on May 12, 2023. Posted in Earnings Releases And Operating Results.

Not for distribution to U.S. newswire services or for dissemination in the United States. CALGARY, Alberta, May 12, 2023 (GLOBE NEWSWIRE) — Northview Fund (“Northview” or the “Fund”) (NHF.UN – TSX), today announced financial results for the three months ended March 31, 2023. All amounts in this news release are in thousands of Canadian dollars unless otherwise indicated. “Northview’s strong operating results build on the strong occupancy gains that started in 2022 and continued through the first quarter of 2023. Occupancy gains of 350 bps since the first quarter of 2022, driven by 900 bps in Western Canada, have outpaced inflationary pressures on expenses, allowing Northview to deliver NOI growth of 9.2%, with an impressive 27.3% in Western Canada,” comments Mr. Todd Cook, Chief Executive Officer of Northview. “The positive operational...

Guardian Capital Group Limited Announces Results of Annual Meeting of Shareholders

Written by Customer Service on May 12, 2023. Posted in Public Companies.

TORONTO, May 12, 2023 (GLOBE NEWSWIRE) — Guardian Capital Group Limited (Guardian) (TSX:GCG) (TSX:GCG.A) announces the results of the director elections held at its annual meeting of shareholders earlier today. Each of the director nominees listed in Guardian’s management information circular dated March 31, 2023 was elected as a director of Guardian, to hold office until the next annual meeting of shareholders or until their successor is duly elected. The detailed results of the vote for the election of directors are as follows: Name of Nominee Votes FOR (%) Votes WITHHELD (%) James S. Anas 99.54 0.46 A. Michael Christodoulou 99.39 0.61 Petros Christodoulou 99.95 0.05 Marilyn De Mara 99.95 0.05 Harold W. Hillier 99.95 0.05 George Mavroudis 99.55 0.45 Edward T. McDermott 99.88 0.12 Barry J. Myers 99.95 0.05 Hans-Georg...

Progressive Care Inc. Announces First Quarter 2023 Financial Results and Record Quarterly Revenues of $11.4 Million

Written by Customer Service on May 12, 2023. Posted in Public Companies.

MIAMI, FL, May 12, 2023 (GLOBE NEWSWIRE) — via NewMediaWire — ‍Progressive Care Inc. (OTCQB: RXMD) (“Progressive Care” or the “Company”), a personalized healthcare services and technology provider, today announced financial results for the first quarter ended March 31, 2023. The Company experienced record quarterly revenues of $11.4 million, a 13% growth from the first quarter ended March 31, 2022. First Quarter 2023 Financial Highlights: Total pharmacy revenue increased by $1.3 million, or 13%, to $11.4 million during the three months ended March 31, 2023, compared to $10.1 million in the prior year period. Prescription revenue increased by $1.8 million, or 21%, to $10.4 million during the first quarter of 2023, compared to $8.6 million in the prior year period, primarily reflecting an 8% year-over-year increase...

Etrion Releases First Quarter 2023 Results

Written by Customer Service on May 12, 2023. Posted in Earnings Releases And Operating Results.

GENEVA, May 12, 2023 (GLOBE NEWSWIRE) — Etrion Corporation (“Etrion” or the “Company”, and, together with its subsidiaries, the “Group”) released today its condensed consolidated interim financial statements and related management’s discussion and analysis (“MD&A”) for the three months ended March 31, 2023. Q1-23 HIGHLIGHTS Etrion closed the first quarter of 2023 with an unrestricted cash balance of US$13.5 million and a positive working capital of US$12.8 million. The Company sold all the solar assets in 2021 and is not developing any new project in 2023. Subject to the possibility of the board of directors of identifying new potential business opportunities, the Company expects to complete its windup activities and proceed with the dissolution of the Company within approximately 36 months, although it is possible that the...

S&P Global Ratings Revises Iceland‘s Outlook to Positive; Affirms at ‘A/A-1’

Written by Customer Service on May 12, 2023. Posted in Public Companies.

S&P Global Ratings has revised the rating outlook to for Iceland to positive from stable and affirmed Iceland‘s sovereign ratings at A/A-1. According to S&P, strong ongoing economic recovery from pandemic fallout, alongside continued fiscal consolidation over the next few years, will improve Iceland’s public finances beyond S&P‘s previous expectations. S&P expects high domestic demand and the ongoing recovery of tourism to result in real GDP growth of 3.3% this year and an average of 2.4% in 2024-2026. Iceland has effectively managed external pressures, and the country’s extensive energy independence has shielded the country from the fallout of the Russia-Ukraine conflict according to the agency. S&P has therefore revised the outlook on Iceland to positive from stable. The positive outlook reflects...

Day: May 12, 2023

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