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Year: 2023

Sun Communities, Inc. Reports 2023 Third Quarter and Year-to-Date Results

         Net Earnings per Diluted Share of $1.31 for the Quarter Core FFO per Share of $2.57 for the Quarter Exceeded the High-End of Guidance Range         Total Same Property NOI Grew by 6.7% for the Quarter over the 2022 Period, Exceeding the High-End of Guidance Range by 220 Basis Points Strong Demand and Effective Expense Management Continue to Drive Outperformance Same Property Adjusted Occupancy for MH and RV Increased by 170 Basis Points, Year-over-Year Transient-to-Annual RV Site Conversions of nearly 537 Sites for the Quarter and 1,815 for the Year-to-Date         Revising Full-Year Core FFO per Share Guidance for 2023 to $7.05 – $7.13 Increasing Guidance Range for Full-Year Total Same Property NOI Growth to 6.0% – 6.4% Establishing Preliminary Guidance for 2024 Rental Rate Increases of 5.4% for MH,...

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Hawthorn Bancshares Reports Third Quarter 2023 Results

JEFFERSON CITY, Mo., Oct. 25, 2023 (GLOBE NEWSWIRE) — Hawthorn Bancshares, Inc. (NASDAQ: HWBK), (the “Company”), the bank holding company for Hawthorn Bank, reported third quarter 2023 net income of $2.6 million and earnings per diluted share (“EPS”) of $0.36. Third Quarter 2023 HighlightsNet income of $2.6 million, or $0.36 per diluted share Net interest margin, fully taxable equivalent (“FTE”) of 3.35% Return on average assets and equity of 0.54% and 8.05%, respectively Deposits increased $37.1 million, or 2.4%, compared to the second quarter 2023 (“linked quarter”), while other borrowings decreased $51.6 million, or 23.5%, compared to the linked quarter Credit quality remained strong with non-performing loans to total loans of 0.25%Brent Giles, Chief Executive Officer of Hawthorn Bancshares Inc. commented, “Our...

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Methanex Reports Third Quarter 2023 Results

Except where otherwise noted, all currency amounts are stated in United States dollars.Net income attributable to Methanex shareholders of $24 million and Adjusted EBITDA of $105 million in the third quarter. The average realized price in the third quarter was $303 per tonne compared to $338 per tonne in the second quarter of 2023. Geismar 3 (“G3”) project is progressing safely to plan and construction is near completion with commercial production expected around the end of 2023. The remaining cash spend of $140 – 190 million is fully funded with cash on hand. Chile I restarted in September with increased gas availability from Argentina. We are increasing our 2023 production guidance for Chile from 0.8-0.9 million tonnes to 0.9-1.0 million tonnes. Signed a two-year natural gas supply agreement with the National Gas...

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Allied Announces Third-Quarter Results and Sustained Operating Momentum

TORONTO, Oct. 25, 2023 (GLOBE NEWSWIRE) — Allied Properties Real Estate Investment Trust (“Allied”) (TSX: “AP.UN”) today announced results for its third quarter ended September 30, 2023. Allied’s operating momentum continued through the quarter with solid operating results, sustained leasing activity and implementation of a five-year capital-allocation plan. Operating Results In the third quarter, Allied’s FFO per unit(1) was 59.8 cents, up from 58.8 cents in the prior quarter. AFFO per unit(1) was 54.5 cents, up from 53.6 cents in the prior quarter. This resulted in FFO and AFFO pay-out ratios(1) in the third quarter of 75.3% and 82.6%, respectively. While Allied’s FFO per unit in the third quarter was down 1.3% from the comparable quarter last year, its AFFO per unit was up 3.6%. Same Asset NOI(1) from...

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Baker Hughes Company Announces Third Quarter 2023 Results

Orders of $8.5 billion for the quarter, up 40% year-over-year. Revenue of $6.6 billion for the quarter, up 24% year-over-year. Net income attributable to Baker Hughes Company of $518 million for the quarter, up $534 million year-over-year. Adjusted net income attributable to Baker Hughes* (a non-GAAP measure) of $427 million for the quarter, up $163 million year-over-year. GAAP diluted earnings per share of $0.51 for the quarter. Adjusted diluted earnings per share* (a non-GAAP measure) was $0.42 for the quarter. Adjusted EBITDA* (a non-GAAP measure) of $983 million for the quarter, up 30% year-over-year. Cash flows generated from operating activities were $811 million for the quarter. Free cash flow* (a non-GAAP measure) for the quarter was $592 million. Baker Hughes’ Board of Directors approved a quarterly cash dividend of $0.20...

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Alamos Gold Reports Third Quarter 2023 Results

Production guidance increased 5% following solid quarter and year-to-date performance; on pace for record year operationally and financiallyShaft site area – October, 2023Shaft site area – October, 2023TORONTO, Oct. 25, 2023 (GLOBE NEWSWIRE) — Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today reported its financial results for the quarter ended September 30, 2023. “With another strong quarterly performance, we are on pace for a record year both operationally and financially. Production of 135,400 ounces was above our quarterly guidance, putting us on track to set a new record for annual production. Given the strong year-to-date performance, we are raising our full year production guidance by 5% to a range of 515,000 to 530,000 ounces. With total cash costs and all-in sustaining costs below...

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StorageVault Reports 2023 Third Quarter Results and Increases Dividend

TORONTO, Oct. 25, 2023 (GLOBE NEWSWIRE) — STORAGEVAULT CANADA INC. (“StorageVault” or the “Corporation”) (SVI-TSX) reported the Corporation’s 2023 third quarter results and increases its dividend. Iqbal Khan, Chief Financial Officer, commented: “For Q3, driven by our best in class platform and robust demand for our space, we once again achieved a strong same store revenue and NOI growth of 5.1% and 4.7%. In addition, at the end of Q3, 95% of our debt is fixed and we have reduced our average cost of debt to 4.47% from 4.73% since the start of the year. These achievements, together with our strong balance sheet, have placed us in a strong position to realize our annual expectations.” 2023 Third Quarter ResultsRevenue for the third quarter of 2023 increased to $75.7 million compared to $69.3 million in Q3 2022 and net operating income...

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CVB Financial Corp. Reports Earnings for the Third Quarter 2023

Net Earnings of $57.9 million, or $0.42 per share Return on Average Tangible Common Equity of 18.82% Return on Average Assets of 1.40% Efficiency Ratio of 39.99%ONTARIO, Calif., Oct. 25, 2023 (GLOBE NEWSWIRE) — CVB Financial Corp. (NASDAQ:CVBF) and its subsidiary, Citizens Business Bank (the “Company”), announced earnings for the quarter ended September 30, 2023. CVB Financial Corp. reported net income of $57.9 million for the quarter ended September 30, 2023, compared with $55.8 million for the second quarter of 2023 and $64.6 million for the third quarter of 2022. Diluted earnings per share were $0.42 for the third quarter, compared to $0.40 for the prior quarter and $0.46 for the same period last year. Net income of $57.9 million for the third quarter of 2023 produced an annualized return on average equity (“ROAE”) of...

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First Bank Announces Third Quarter of 2023 Net Loss of $1.3 Million driven by one-time costs associated with Malvern Bancorp acquisition

Quarterly results reflect the successful completion of Malvern Bancorp merger, total assets exceed $3.5 billion, improved geographic diversification and projected earnings profile HAMILTON, N.J., Oct. 25, 2023 (GLOBE NEWSWIRE) — First Bank (Nasdaq Global Market: FRBA) (the Bank) today announced its third quarter 2023 financial results with a net loss of $1.3 million, or a loss of $0.05 per diluted share, and losses on average assets, equity, and tangible equityi of 0.14%, 1.43%, and 1.66%, respectively. Excluding merger-related expenses and other one-time expenses, First Bank’s third quarter 2023 adjusted diluted earnings per shareii were $0.42, adjusted return on average assetsii was 1.13% and adjusted return on average tangible equityii was 13.23%. Compared to the same period of last year, the Bank’s adjusted net income...

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Cenovus to hold third-quarter conference call and webcast

CALGARY, Alberta, Oct. 25, 2023 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX:CVE) (NYSE: CVE) will release its third-quarter 2023 results on Thursday, November 2. The news release will provide consolidated third-quarter operating and financial information. The company’s financial statements will be available on Cenovus’s website, cenovus.com. Conference call: 8 a.m. MT (10 a.m. ET)  To join the conference call without operator assistance, please register here approximately 5 minutes in advance to receive an automated call-back when the session begins. Alternatively, you can dial 888-664-6383 (toll-free in North America) or 416-764-8650 to reach an operator who will place you in the call. Access the live audio webcast here. Cenovus Energy Inc. Cenovus Energy Inc. is an integrated energy company with oil and natural gas production...

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