During Tuesday’s Afternoon trade, Shares of Paramount Group Inc (NYSE:PGRE), lost -0.11% to $18.21.
Paramount Group, Inc. (PGRE) stated results for the quarter ended June 30, 2015.
Second Quarter Highlights:
Stated Core Funds from Operations attributable to Paramount Group, Inc. of $46.3 million, or $0.22 per diluted share, for the quarter ended June 30, 2015, counting $4.7 million, or $0.02 per diluted share, of carried interest from fund investments.
Leased 199,972 square feet at a weighted average initial rent of $71.84 per square foot, of which 138,232 square feet represents second generation space for which the Company achieved positive mark-to-markets of 15.4% on a cash basis and 19.0% on a GAAP basis.
Portfolio leased percentage raised to 94.8% at June 30, 2015, up 20 basis points from March 31, 2015 and 90 basis points from December 31, 2014.
Shares of Diageo plc (ADR) (NYSE:DEO), declined -0.31% to $111.40, during its Afternoon trading session.
Diageo, a global leader in beverage alcohol, honored spirits, wine and beer distributors at the 12th Annual Golden Bar Awards which took place at a number of awards events and presentation ceremonies in Las Vegas, and across the country. The Golden Bar Awards are presented for achievements in sales, marketing and promoting responsible drinking.
The Golden Bar Awards celebrate distributors and brokers for their excellence in the marketplace and the important role they play in their communities. They recognize distributors for success with important audiences and channels, for compriseent performance over the past three years, and for excellent work in key segments, categories and brands counting Reserve, Innovation, Tequila, Smirnoff, Johnnie Walker, Baileys, Captain Morgan, Tanqueray, Crown Royal, Ketel One, Ciroc, Sterling Vineyards, Beaulieu Vineyard, Acacia Vineyard, Guinness, Red Stripe and Smirnoff Ice. The grand prizes are awarded to the distributors of the year, for wine, spirits and beer.
Diageo plc produces, markets, and sells alcoholic beverages worldwide. It offers scotch and Irish whiskey, gin, vodka, rum, beer and spirits, Irish cream liqueurs, wine, Raki, tequila, Canadian and American whiskey, Cachaça, and brandy, in addition to adult beverages and ready to drink products. The company’s premium brands comprise Johnnie Walker, Smirnoff, Captain Morgan, Baileys, Tanqueray, and Guinness.
DiamondRock Hospitality Company (NYSE:DRH), during its Tuesday’s Afternoon trading session decreased -0.04% to $12.69.
DiamondRock Hospitality Company (DRH), a lodging-focused real estate investment trust that owns a portfolio of 29 premium hotels in the United States, recently declared results of operations for the quarter ended June 30, 2015.
Second Quarter 2015 Highlights
- Pro Forma RevPAR: Pro Forma RevPAR was $184.50, an enhance of 6.0% from the comparable period of 2014 and a new record for the Company.
- Pro Forma Hotel Adjusted EBITDA Margin: Pro Forma Hotel Adjusted EBITDA margin was 34.56%, an enhance of 166 basis points from 2014.
- Pro Forma Hotel Adjusted EBITDA: Pro Forma Hotel Adjusted EBITDA was $85.4 million, an enhance of 11.3% from 2014.
- Adjusted EBITDA: Adjusted EBITDA was $81.1 million, an enhance of 14.3% from 2014.
- Adjusted FFO: Adjusted FFO was $61.5 million and Adjusted FFO per diluted share was $0.31.
- Key West Acquisition:The Company attained the 184-suite Sheraton Suites Key West for $94.0 million on June 30, 2015.
DiamondRock Hospitality Company, a lodging focused real estate company, owns premium hotels and resorts in North America. The company operates its hotels under the Hilton, Marriott, and Westin brand names in New York, Los Angeles, Chicago, Boston, and Atlanta; and in destination resort locations, such as the United States Virgin Islands and Colorado.
Finally, Pioneer Natural Resources (NYSE:PXD), decreased -0.41%, to $126.62.
Pioneer Natural Resources Company (PXD) declared financial and operating results for the quarter ended June 30, 2015.
Pioneer stated a second quarter net loss attributable to common stockholders of $218 million, or $1.46 per diluted share. Without the effect of noncash derivative mark-to-market losses and other unusual items, adjusted income for the second quarter was $15 million after tax, or $0.10 per diluted share.
Second quarter and other recent highlights comprised of:
- producing 197 thousand barrels oil equivalent per day (MBOEPD) in the second quarter, of which 51% was oil; second quarter production reflected strong Spraberry/Wolfcamp production growth driven by Pioneer’s successful horizontal drilling program partially offset by lower-than-predictable production in the Eagle Ford Shale and the West Panhandle field;
- maintaining a production growth forecast for 2015 of 10%+, reflecting an enhance in forecasted Spraberry/Wolfcamp production growth from 20%+ to 22% to 24% offset by a reduction in the full-year growth rate for the Eagle Ford Shale;
Pioneer Natural Resources Company engages in the exploration and production of oil and gas in the United States. The company produces and sells oil, natural gas liquids (NGLs), and gas. It has operations primarily in the Permian Basin in West Texas, the Eagle Ford Shale play in South Texas, the Raton field in southeastern Colorado, and the West Panhandle field in the Texas Panhandle.
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.
