Day: July 23, 2024

Timbercreek Financial Declares July 2024 Dividend

TORONTO, July 23, 2024 (GLOBE NEWSWIRE) — Timbercreek Financial (TSX: TF) (the “Company”) is pleased to announce that it has declared a monthly cash dividend of $0.0575 per common share (“Common Share”) of the Company to be paid on August 15, 2024 to holders of Common Shares of record on July 31, 2024. The Company also offers a Dividend Reinvestment Plan (the “Plan”), which is eligible to holders of Common Shares and provides a convenient means to purchase additional Common Shares by reinvesting cash dividends at a potential discount and without having to pay commissions, service charges or brokerage fees. Pursuant to the Plan and at the discretion of Timbercreek Capital Inc., the Manager, Common Shares will be acquired in the open market at prevailing prices or issued from treasury at 98 percent of the average market price (the...

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First Western Reports Second Quarter 2024 Financial Results

Second Quarter 2024 Summary Book value per common share increased 0.1% from $25.52 in Q1 2024 to $25.55 in Q2 2024. Tangible book value per common share(1) increased 0.2% from $22.21 in Q1 2024 to $22.27 in Q2 2024 Net interest margin stabilized during the quarter, with a slight increase of 1 basis point from 2.34% in Q1 2024 to 2.35% in Q2 2024 Net income available to common shareholders of $1.1 million in Q2 2024, compared to $2.5 million in Q1 2024 Diluted earnings per share of $0.11 in Q2 2024, compared to $0.26 in Q1 2024 Total capital to risk-weighted assets ratio of 13.44% in Q2 2024, compared to 13.15% in Q1 2024 DENVER, July 23, 2024 (GLOBE NEWSWIRE) — First Western Financial, Inc. (“First Western” or the “Company”) (NASDAQ: MYFW), today reported financial results for the second quarter ended June 30, 2024. Net income...

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AMREP Reports Fiscal 2024 Results

HAVERTOWN, Pa., July 23, 2024 (GLOBE NEWSWIRE) — AMREP Corporation (NYSE:AXR) today reported net income of $6,690,000, or $1.25 per diluted share, for its 2024 fiscal year ended April 30, 2024 compared to net income of $21,790,000, or $4.11 per diluted share, for the same period of the prior year. Revenues were $51,369,000 for fiscal 2024 and $48,676,000 for fiscal 2023. Results for 2024 included revenue of $7,200,000 from the sale of property in Brighton, Colorado. Results for 2023 included a non-cash income tax benefit of $16,071,000 as a result of a worthless stock deduction related to the Company’s former fulfillment services business and a non-cash pre-tax pension settlement general and administrative expense of $7,597,000 due to the Company’s defined benefit pension plan paying certain lump sum payouts of pension benefits...

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GCC Reports Second Quarter 2024 Results

CHIHUAHUA, Mexico, July 23, 2024 (GLOBE NEWSWIRE) — GCC, S.A.B. de C.V. (BMV: GCC*), a leading supplier and producer of cement and concrete in the United States and Mexico, today announced its results for the second quarter of 2024. Q2 2024 HIGHLIGHTS Consolidated net sales decreased 1% year-on-year, to US$360.3 million U.S. cement and concrete prices increased 5.3% and 8.1%, respectively Mexico cement and concrete prices increased by 2.5% and 6.4%, respectively EBITDA increased 0.9% to US$133.9 million with a 37.1% EBITDA margin Cash and equivalents totaled US$879.4 million Net leverage (net debt/EBITDA) ratio totaled -0.78x as of June 2024 Earnings per share increased 9% year-on-year, to US$0.2738 Free cash flow totaled US$29 million with a 21.7% free cash flow conversion rate GCC repurchased shares in the net amount of US$0.6...

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Weatherford Announces Second Quarter 2024 Results and Shareholder Return Program

Revenues of $1,405 million increased 3.5% sequentially and 10% year-over-year, driven by international revenue growth of 6% sequentially and 14% year-over-year Operating income of $264 million increased 13% sequentially and 31% year-over-year Net income of $125 million increased 12% sequentially and 52% year-over-year; net income margin of 8.9% Adjusted EBITDA* of $365 million increased 9% sequentially and 25% year-over-year; adjusted EBITDA margin* of 26.0% increased by 124 basis points sequentially and by 314 basis points year-over-year Cash provided by operating activities of $150 million; adjusted free cash flow* of $96 million Introduced the Company’s first-ever shareholder return program with an annual dividend of $1 per share and authorized a three-year share repurchase program of $500 million Initiating a regular quarterly cash...

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First Community Bankshares, Inc. Announces Second Quarter 2024 Results and Quarterly Cash Dividend

BLUEFIELD, Va., July 23, 2024 (GLOBE NEWSWIRE) — First Community Bankshares, Inc. (NASDAQ: FCBC) (www.firstcommunitybank.com) (the “Company”) today reported its unaudited results of operations and other financial information for the quarter ended June 30, 2024. The Company reported net income of $12.69 million, or $0.71 per diluted common share, for the quarter ended June 30, 2024. Net income for the six months ended June 30, 2024, was $25.53 million or $1.42 per diluted common share. The Company also declared a quarterly cash dividend to common shareholders of thirty-one cents, $0.31 per common share. The quarterly dividend is payable to common shareholders of record on August 9, 2024, and is expected to be paid on or about August 23, 2024. This marks the 39th consecutive year of regular dividends to common shareholders. Second Quarter...

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Brandywine Realty Trust Announces Second Quarter Results

Narrows 2024 Guidance PHILADELPHIA, July 23, 2024 (GLOBE NEWSWIRE) — Brandywine Realty Trust (NYSE: BDN) today reported its financial and operating results for the three and six-month periods ended June 30, 2024. Management Comments “We continue to make excellent progress on our 2024 business plan highlighted by exceeding our speculative revenue target at the midpoint of our guidance,” stated Gerard H. Sweeney, President and Chief Executive Officer for Brandywine Realty Trust. “Based on our 2024 first half leasing performance, we are raising our full year midpoint target by $1.0 million from $24.5 million to $25.5 million. We continue to make progress on other business plan metrics anticipating positive mark-to-market rental rate increases on both a cash and accrual basis for 2024. We continue to make progress on addressing our...

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ARMOUR Residential REIT, Inc. Announces August 2024 Dividend Rate per Common Share

VERO BEACH, Florida, July 23, 2024 (GLOBE NEWSWIRE) — ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR-PRC) (“ARMOUR” or the “Company”) today announced the August 2024 cash dividend for the Company’s Common Stock. August 2024 Common Stock Dividend Information Month   Dividend   Holder of Record Date   Payment Date August 2024   $0.24   August 15, 2024   August 29, 2024 Certain Tax Matters ARMOUR has elected to be taxed as a real estate investment trust (“REIT”) for U.S. Federal income tax purposes. In order to maintain this tax status, ARMOUR is required to timely distribute substantially all of its ordinary REIT taxable income. Dividends paid in excess of current tax earnings and profits for the year will generally not be taxable to common stockholders. Actual dividends are determined at the discretion of the Company’s...

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CubeSmart Declares Third Quarter 2024 Dividend

MALVERN, Pa., July 23, 2024 (GLOBE NEWSWIRE) — CubeSmart (NYSE: CUBE) announced today that its Board of Trustees declared a quarterly dividend of $0.51 per common share for the period ending September 30, 2024. The dividend is payable on October 15, 2024 to common shareholders of record on October 1, 2024.   About the Company CubeSmart is a self-administered and self-managed real estate investment trust. CubeSmart owns or manages 1,497 self-storage properties across the United States. According to the 2024 Self Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the U.S. The Company’s mission is to simplify the organizational and logistical challenges created by the many life events and business needs of its customers through innovative solutions, unparalleled service, and genuine...

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CN Declares Third-Quarter 2024 Dividend

MONTREAL, July 23, 2024 (GLOBE NEWSWIRE) — CN (TSX: CNR) (NYSE: CNI) announced today that its Board of Directors has approved a third-quarter 2024 dividend on the Company’s common shares outstanding. A quarterly dividend of eighty-four and a half cents (C$0.8450) per common share will be paid on September 27, 2024, to shareholders of record at the close of business on September 6, 2024. About CNCN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada’s Eastern and Western coasts with the U.S. Midwest and the Gulf of Mexico, contributing to sustainable trade and the prosperity of the communities in which...

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