Day: May 14, 2025

American Hotel Income Properties REIT LP Reports Q1 2025 Results With 5.7% RevPAR Growth

Written by Customer Service on May 14, 2025. Posted in Earnings Releases And Operating Results.

VANCOUVER, British Columbia, May 14, 2025 (GLOBE NEWSWIRE) — American Hotel Income Properties REIT LP (“AHIP”, or the “Company”) (TSX: HOT.UN, TSX: HOT.U, TSX: HOT.DB. V), today announced its financial results for the three months ended March 31, 2025. All amounts presented in this news release are in United States dollars (“U.S. dollars”) unless otherwise indicated. 2025 FIRST QUARTER HIGHLIGHTSCompleted the dispositions of three hotel properties for total gross proceeds of $41.2 million at a blended Cap Rate(1) of 6.9% on 2024 annual hotel EBITDA(1). Completed two refinancings for total gross proceeds of $144.3 million which resulted in the full repayment of AHIP’s senior credit facility which was comprised of the Credit Facility Revolver and Credit Facility Term Loan (defined below). Diluted FFO per unit(1) and normalized...

Nexus Industrial REIT Announces First Quarter 2025 Financial Results

Written by Customer Service on May 14, 2025. Posted in Earnings Releases And Operating Results.

Q1 Net Operating Income grew 8.6% from accretive acquisitions, development, and 6.6% industrial SPNOI Completed the strategic transition to a pure-play industrial REIT TORONTO, May 14, 2025 (GLOBE NEWSWIRE) — Nexus Industrial REIT (the “REIT”) (TSX: NXR.UN) announced today its results for the first quarter ended March 31, 2025. “In the first quarter we completed our strategic transition to a pure-play, Canada-focused industrial REIT” said Kelly Hanczyk, CEO of Nexus Industrial REIT. “We sold fifteen legacy retail properties and an additional office building. Industrial assets now contribute over 99% of our NOI on a proforma basis. The sale proceeds reduced our debt and are being used to complete two ongoing development projects that will add $6.6 million of annual stabilized NOI after completion in the third quarter, representing...

Grupo Aeroportuario del Pacifico Announces Payment Date for the First Installment of the Dividend Approved by the Annual General Ordinary Shareholders’ Meeting

Written by Customer Service on May 14, 2025. Posted in Dividend Reports And Estimates.

GUADALAJARA, Mexico, May 14, 2025 (GLOBE NEWSWIRE) — Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) announces that, following the resolution adopted by the Annual General Ordinary Shareholders’ Meeting held on April 24, 2025, regarding the payment of a total dividend of Ps. 16.84 (SIXTEEN PESOS 84/100 M.N.) per outstanding share, the Company decided to make the dividend payment in two installments. The first installment will be equivalent to Ps. 8.42 (EIGHT PESOS 42/100 M.N.) per outstanding share and will be paid on May 28, 2025. The dividend payment will correspond to the forty such payment. Company Description Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) operates 12 airports throughout Mexico’s Pacific region, including the major cities of Guadalajara and Tijuana, the...

Avis Budget Group Announces Pricing Of $600 Million Of Senior Notes

Written by Customer Service on May 14, 2025. Posted in Public Companies.

PARSIPPANY, N.J., May 14, 2025 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) announced today that its wholly-owned subsidiaries, Avis Budget Car Rental, LLC and Avis Budget Finance, Inc. (together, the “Issuers”), priced a private offering of $600 million aggregate principal amount of 8.375% senior notes due 2032 (the “Notes”), which represents a $100 million increase from the previously announced size of the offering. The Notes will have a maturity date of June 15, 2032. The closing of the offering of the Notes is expected to occur on May 19, 2025, subject to customary closing conditions. The Notes will be issued at par and guaranteed on a senior unsecured basis by the Company and certain of its U.S. subsidiaries. The Company intends to use the net proceeds from the offering of the Notes for general...

Madison Pacific Properties Inc. announces the results for the three months ended March 31, 2025 and declares special dividend

Written by Customer Service on May 14, 2025. Posted in Earnings Releases And Operating Results.

VANCOUVER, British Columbia, May 14, 2025 (GLOBE NEWSWIRE) — Madison Pacific Properties Inc. (the Company) (TSX: MPC and MPC.C), a Vancouver-based real estate company announces the results of operations for the three months ended March 31, 2025. In July 2024, the Company’s Board of Directors approved a change of financial year-end of the Company from August 31 to December 31. This change of year-end is effective for the financial year commencing September 1, 2024. The comparative figures presented for the three months ended March 31, 2025 are the three months ended February 29, 2024. The results reported are pursuant to International Financial Reporting Standards (IFRS) for public companies. For the three months ended March 31, 2025, the Company is reporting a net income of $6.2 million (three months ended February 29, 2024: $14.4...

Crane Harbor Acquisition Corp. Announces the Separate Trading of its Class A Ordinary Shares and Rights, Commencing May 19, 2025

Written by Customer Service on May 14, 2025. Posted in Public Companies.

PHILADELPHIA, PA, May 14, 2025 (GLOBE NEWSWIRE) — Crane Harbor Acquisition Corp. (NASDAQ:CHACU) (the “Company”) announced today that, commencing May 19, 2025, holders of the units sold in the Company’s initial public offering may elect to separately trade the Company’s Class A ordinary shares and rights included in the units. The Class A ordinary shares and rights that are separated will trade on the Nasdaq Global Market under the symbols “CHAC” and “CHACR,” respectively. Those units not separated will continue to trade on the Nasdaq Global Market under the symbol “CHACU.” The Company is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an acquisition opportunity...

KOIL Energy Solutions Schedules Q1 2025 Earnings Release and Conference Call; Announces Delay in Filing Form 10-Q

Written by Customer Service on May 14, 2025. Posted in Public Companies.

HOUSTON, May 14, 2025 (GLOBE NEWSWIRE) — Koil Energy Solutions, Inc. (OTCQB: KLNG), a specialist in deepwater energy production and distribution equipment and services, announced today that it will file its Quarterly Report on Form 10-Q for the first quarter of 2025 on Tuesday, May 20, 2025. The Company is filing the Quarterly Report within the extended timeframe granted by the Securities and Exchange Commission of five days. The delay is due to the requirement to complete certain accounting procedures subsequent to the delayed filing of its Annual Report on Form 10-K for the year ended December 31, 2024. KOIL will host an investor conference call to review its first quarter of 2025 results on Tuesday, May 20, 2025, at 10:00 am Eastern Time. Interested parties may listen to the call through a webcast link or using the dial in numbers....

POET Technologies Reports First Quarter 2025 Financial Results

Written by Customer Service on May 14, 2025. Posted in Earnings Releases And Operating Results.

TORONTO, May 14, 2025 (GLOBE NEWSWIRE) — POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of Photonic Integrated Circuits (PICs), light sources and optical modules for the AI and data center markets, today reported its unaudited condensed consolidated financial results for the first quarter ended March 31, 2025. 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. Management Commentary: “In the first quarter of 2025, we continued to build momentum across multiple fronts—technology innovation, commercial progress, strategic partnerships and production capacity – positioning the company for accelerated revenue growth in the...

Questerre reports first quarter 2025 results

Written by Customer Service on May 14, 2025. Posted in Earnings Releases And Operating Results.

THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA TO UNITED STATES NEWSWIRE SERVICES OR UNITED STATES PERSONS CALGARY, Alberta, May 14, 2025 (GLOBE NEWSWIRE) — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today on its financial and operating results for the quarter ended March 31, 2025. Michael Binnion, President and Chief Executive Officer of Questerre, commented, “Three wells at Kakwa North were completed this quarter. Including flush volumes, our daily production has averaged over 3,500 boe per day since the tie-in in early April. We plan to participate in a follow-up three (1.5 net) well program that could begin this fall.” He added, “Securing energy supplies and diversifying markets is a priority in Canada following the seismic shift in US trade...

Finning Reports on Voting Results from its Annual Meeting of Shareholders

Written by Customer Service on May 14, 2025. Posted in Public Companies.

VANCOUVER, British Columbia, May 14, 2025 (GLOBE NEWSWIRE) — Finning International Inc. (TSX: FTT) (“Finning” or the “Company”) announces the voting results from its Annual Meeting of Shareholders held on Tuesday, May 13, 2025 in Vancouver, British Columbia. A total of 97,159,486 common shares were represented at the Meeting, representing 72.07% of the Company’s outstanding shares as at the record date. Shareholders voted in favor of all items of business before the Meeting, including the appointment of auditors with authorization of the directors to fix the auditors’ remuneration, acceptance of the Company’s approach to executive compensation, and the election of each of the directors. Detailed results of the ballot vote for the election of directors are provided below:Director Nominee Votes for Percent Votes Against PercentMary...

Day: May 14, 2025

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