Month: August 2024

Not for distribution to U.S. newswire services or dissemination in the United States. TORONTO, Aug. 07, 2024 (GLOBE NEWSWIRE) — Flagship Communities Real Estate Investment Trust (“Flagship” or the “REIT”) (TSX: MHC.U; MHC.UN) today released its second quarter 2024 results. The financial results of the REIT are presented below in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (the “IASB”), except where otherwise noted. Results are shown in U.S. dollars, unless otherwise noted. Second Quarter 2024 Results:Rental revenue for the three months ended June 30, 2024 was $21.2 million, an increase of 22.2% compared to $17.4 million for the three months ended June 30, 2023 Same Community Revenue1 for the three months ended June 30, 2024 was $18.9 million, up...

MISSISSAUGA, Ontario, Aug. 07, 2024 (GLOBE NEWSWIRE) — “Bird’s continued momentum through the second quarter, with over 27% revenue growth and further margin accretion, is a direct result of the Company’s strategy, strong team and the quality of our collaborative work programs and Backlog. Our strategic focus on key sectors, coupled with strong execution and disciplined project selection is driving performance, and supports our expectations for continued growth and margin expansion through the remainder of 2024 and beyond,” stated Teri McKibbon, President and CEO of Bird Construction. “Bird’s recently announced acquisition of Jacob Bros Construction adds another catalyst for growth and profitability. With top tier leadership, a strong team and deep relationships in the British Columbia infrastructure market, we are excited by the...

WHITTIER, Calif., Aug. 07, 2024 (GLOBE NEWSWIRE) — First Pacific Bancorp (the “Company”) (OTC Pink: FPBC), the holding company for First Pacific Bank (the “Bank”), today reported consolidated results for the second quarter ending June 30, 2024, underscored by the fifth consecutive quarter of profitability. Highlights for the second quarter of 2024 include:Total assets ended Q2 2024 at $430 million, up $10 million from $420 million at year end 2023. Total deposits ended the second quarter of 2024 at $354 million, up $21 million since year end 2023. Total loans ended the second quarter of 2024 at $270 million, down $5 million from year end 2023. Asset quality remains excellent, and we have experienced no significant changes in classified or non-performing assets. The Bank ended the second quarter with a strong capital position,...

Solid Q2 2024 Results TORONTO, Aug. 07, 2024 (GLOBE NEWSWIRE) — ECN Capital Corp. (TSX: ECN) (“ECN Capital” or the “Company”) today reported financial results for the three-month period ended June 30, 2024. For the three-month period ended June 30, 2024, ECN Capital reported Adjusted net income (loss) applicable to common shareholders from continuing operations of $8.2 million or $0.03 per share (basic) versus ($0.3) million or nil per share (basic) for the previous three-month period and $0.7 million or $0.01 per share (basic) for the same period last year. “We are excited to print another solid quarter with Adjusted EPS of $0.03 in line with our guidance of $0.02 to $0.04”, said Steven Hudson, CEO of ECN Capital Corp. “Improved pricing and operational efficiencies have our Triad team on target for its earnings outlook, while...

Continued profitability improvement and stronger pace of new business wins driven by strategic transformation plan Company reaffirms full year 2024 outlook CHARLOTTE, N.C., Aug. 07, 2024 (GLOBE NEWSWIRE) — NN, Inc. (NASDAQ: NNBR), a global diversified industrial company that engineers and manufactures high-precision components and assemblies, today reported its financial results for the second quarter ended June 30, 2024. HighlightsStrategic transformation program drove enhanced results, fourth consecutive quarter of improved year-over-year performance; Second quarter net sales of $123.0 million, down 1.8% versus prior year, driven primarily by unfavorable foreign exchange impacts and rationalization of unprofitable business in Mobile Solutions; Second quarter operating loss of $2.1 million, an improvement of 47.5% versus prior...

Second Quarter 2024 Revenue Totaled $12.5 Million, an Increase of 9.5% Year-Over-Year Second Quarter 2024 Net Income Attributable to Common Stockholders Totaled $6.8 Million, Funds from Operations Totaled $10.5 Million, and Adjusted Funds from Operations Totaled $11.0 Million Conference Call and Webcast Scheduled for August 8, 2024, at 11 a.m. Eastern Time NEW CANAAN, Conn., Aug. 07, 2024 (GLOBE NEWSWIRE) — NewLake Capital Partners, Inc. (OCTQX: NLCP) (the “Company” or “NewLake”), a leading provider of real estate capital to state-licensed cannabis operators, today announced its financial results for the second quarter ended June 30, 2024. Anthony Coniglio, President and Chief Executive Officer, said, “We are pleased with our second quarter results, which led to our third consecutive quarterly dividend increase. We believe there...

Declares Dividend of $0.34 per share for Q2 2024; Represents Genco’s 20th Consecutive Quarterly Dividend Totaling $5.915 Per Share NEW YORK, Aug. 07, 2024 (GLOBE NEWSWIRE) — Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today reported its financial results for the three months and six months ended June 30, 2024. Second Quarter 2024 and Year-to-Date HighlightsDividend: Declared a $0.34 per share dividend for Q2 202420th consecutive quarterly dividend over the last five years Cumulative dividends of $5.915 per share or 33% of our share price1 Q2 2024 dividend is payable on or about August 26, 2024 to all shareholders of record as of August 19, 2024.Financial performance: Net income of $23.5 million...