On Thursday, DDR Corp(NYSE:DDR)’s shares dwindled -2.24%, and closed at $18.32, as DDR Corp, declared that it closed on the attainment of one shopping center valued at $49 million and the disposition of 31 assets totaling $353 million at 100% ownership, or $153 million at the Corporation’s share, during the first quarter of 2015.
In addition to the dissolution of DDR’s former joint venture with Coventry, the Corporation also sold 10 assets totaling $104 million at the Corporation’s share. DDR is under contract to sell an additional seven assets totaling $80 million at the Corporation’s share.
DDR Corp. is an equity real estate investment trust. It invests in the real estate markets of the United States and Puerto Rico. The firm is in the business of acquiring, owning, developing, redeveloping, expanding, leasing and managing shopping centers.
PBF Energy Inc (NYSE:PBF), declined -2.21%, and closed at $29.19, during the last trading session on Thursday, as PBF Energy, declared that it will release its earnings for the first quarter 2015 on Thursday, April 30, 2015. The corporation will host a conference call and webcast regarding first quarter results and other business matters on Thursday, April 30, 2015, at 8:30 a.m. ET.
PBF Energy Inc., together with its auxiliaries, engages in the refining and supply of petroleum products. It produces gasoline, ultra-low-sulfur diesel, heating oil, jet fuel, lubricants, petrochemicals, and asphalt, in addition to unbranded transportation fuels, heating oil, petrochemical feedstocks, and other petroleum products.
At the end of Thursday’s trade, Simon Property Group Inc (NYSE:SPG), dipped -2.19%, and closed at $193.13, as a leading global retail real estate corporation, declared that the Corporation’s Board of Directors authorized an ordinary stock repurchase program. Under the program, the Corporation may purchase up to $2 billion of its ordinary stock over the next 24 months as market conditions warrant. The shares may be repurchased in the open market or in privately negotiated transactions.
Simon Property Group, Inc. is an equity real estate investment trust. The firm invests in the real estate markets across the globe. It engages in investment, ownership, administration, and development of properties. It primarily invests in regional malls, premium outlets, mills, and community/lifestyle centers to create its portfolio.
Lexington Realty Trust (NYSE:LXP), ended its Thursday’s trading session with -2.12% loss, and closed at $9.69, as Lexington Realty Trust, disclosed that it uncovered a regular ordinary share/unit dividend/distribution for the quarter ending March 31, 2015 of $0.17 per ordinary share/unit payable on or about April 15, 2015 to ordinary shareholders/unit holders of record as of March 31, 2015.
Lexington also declared that it declared a cash dividend of $0.8125 per share of Series C Cumulative Convertible Preferred Stock for the quarter ending March 31, 2015. This Series C Preferred Share dividend is payable on or about May 15, 2015, to shareholders of record of Series C Preferred Shares as of April 30, 2015.
Lexington Corporate Properties Trust operates as a self-managed and self-administered real estate investment trust. The corporation attains, owns, and manages a portfolio of office, industrial, and retail properties net-leased to corporate tenants in the United States.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
