On Wednesday, Shares of IDEXX Laboratories, Inc. (NASDAQ:IDXX), dropped -2.23% to $130.58.
IDEXX Laboratories, stated revenues for the first quarter of 2015 of $382 million, an enhance of 6% contrast to the preceding year period. Impacts from the strengthening of the US dollar reduced stated revenue growth by 6%. Normalized organic revenue growth for the quarter was 11.4%, supported by solid growth across business segments. Earnings per diluted share (“EPS”) was $0.98 for the quarter, an enhance of 10% contrast to the preceding year period despite a negative 8% growth impact related to changes in net foreign exchange rates.
First Quarter Financial Performance Highlights
- First quarter revenue raised 6% to $382 million. Normalized organic revenue growth was 11%, or 8% adjusted for incremental margin capture associated with the now accomplished move to an all-direct sales model for US CAG Diagnostics.
- Companion Animal Group (“CAG”) normalized organic revenue growth was 13% for the first quarter. Normalized CAG Diagnostics recurring organic revenue growth was 14%, counting a 5% growth benefit from margin capture. Gains were driven by 22% normalized organic revenue growth in IDEXX VetLab® consumables, counting a 9% growth benefit from margin capture, and 12% organic revenue growth2 in reference lab and consulting services. These gains offset softer than predictable performance in rapid assay and digital imaging sales.
- Catalyst placements raised 35% and premium hematology instrument placements raised 13% in the first quarter contrast to the preceding year period. Instrument revenues raised 19% organically, counting a 6% growth benefit from recognition of deferred revenue associated with the Catalyst One introductory offer.
- Livestock, Poultry and Dairy (“LPD”) organic revenue growth was 3% for the first quarter, primarily as a result of strong global dairy and poultry product volume partially offset by lower bovine testing volume.
- Water’s organic revenue growth was 6% in the first quarter, supported by higher worldwide volume counting strong customer acquisitions in North America.
IDEXX Laboratories, Inc., together with its auxiliaries, develops, manufactures, and distributes products and services primarily for the companion animal veterinary, livestock and poultry, water testing, and dairy markets worldwide.
Shares of Health Care REIT, Inc. (NYSE:HCN), declined -2.20% to $73.96, during its last trading session.
Health Care REIT, declared that it will release its first quarter 2015 financial results before the market opens on May 8, 2015. The company will also host a conference call on May 8, 2015 at 10:00 a.m. Eastern Time to talk about these results. The company’s earnings release will be accessible in the Investor Relations section of the company’s website.
The conference call will be accessible by telephone and the internet. Telephone access will be accessible by dialing (888) 346-2469 or (706) 758-4923 (international).
Health Care REIT, Inc. is an independent equity real estate investment trust. The firm engages in acquiring, planning, developing, managing, repositioning and monetizing of real estate assets. It primarily invests in the real estate markets of the United States.
At the end of Wednesday’s trade, Shares of Brandywine Realty Trust (NYSE:BDN), dwindled -2.19% to $14.71.
Brandywine Realty Trust, stated its financial and operating results for the three-month period ended March 31, 2015.
Financial Highlights
- Funds from Operations (FFO) accessible to common shares and units in the first quarter of 2015 totaled $58.5 million or $0.32 per diluted share as compared to $53.6 million or $0.34 per diluted share in the first quarter of 2014. The company’s first quarter 2015 payout ratio ($0.15 distribution per common share / $0.32 FFO per diluted share) was 46.9%.
- Net income allocated to common shares totaled $6.7 million or $0.04 per diluted share in the first quarter of 2015 contrast to a net loss of $4.0 million or ($0.03) per diluted share in the first quarter of 2014.
- In the first quarter of 2015, company’s revenue maintaining capital expenditures totaled $12.8 million which together with other adjustments to FFO, resulted in $39.5 million or $0.22 per diluted share of Cash Accessible for Distribution (CAD). In the first quarter of 2014, company’s revenue maintaining capital expenditures totaled $14.7 million and resulted in $34.5 million or $0.22 per diluted share of CAD. Company’s first quarter 2015 CAD payout ratio was 68.2% ($0.15 distribution per common share / $0.22 CAD per diluted share).
- Company’s weighted-average fully-diluted shares and units outstanding raised to 182.2 million from 159.9 million for the three months ended March 31, 2015 and 2014, respectively. The enhance in the diluted share count is primarily due to the 21,850,000 common share offering accomplished on August 1, 2014.
Brandywine Realty Trust is a publically owned real estate investment trust. The firm invests in real estate markets of the United States. It makes investments in office, mixed-use, and industrial properties. Brandywine Realty Trust was founded in 1985 and is based in Radnor, Pennsylvania with additional offices in Mount Laurel, New Jersey; Richmond, Virginia; Dallas, Texas; Falls Church, Virginia; Oakland, California; Austin, Texas, and Carlsbad, California.
Finally, Brixmor Property Group Inc. (NYSE:BRX), ended its last trade with -2.19% loss, and closed at $23.72.
Brixmor Property Group, declared its results of operations for the first quarter ended March 31, 2015.
The Company’s Board of Directors declared a quarterly cash dividend of $0.225 per common share (equivalent to $0.90 per annum) for the second quarter of 2015. The dividend is payable on July 15, 2015 to stockholders of record on July 6, 2015, representing an ex-dividend date of July 1, 2015.
Financial Highlights
For the three months ended March 31, 2015 and March 31, 2014 (on an actual and pro forma basis), Brixmor stated FFO attributable to stockholders and non-controlling interests convertible into common stock of $139.2 million, or $0.46 per diluted share and $132.7 million, or $0.44 per diluted share, respectively. For the three months ended March 31, 2015, results comprise the impact of about $9.9 million, or ($0.03) per diluted share, of a non-cash, non-recurring charge related to compensation programs preceding to the Company’s initial public offering (the “IPO”) that were based on the selling stockholders returns. FFO attributable to stockholders and non-controlling interests convertible into common stock for the three months ended March 31, 2015 and March 31, 2014 (on a pro forma basis) comprises costs related to the prepayment of debt of about $0.3 million, or $0.00 per diluted share, and ($2.3) million, or ($0.01) per diluted share, respectively.
For the three months ended March 31, 2015 and March 31, 2014 (on an actual and pro forma basis), net income attributable to common stockholders was $30.4 million, or $0.10 per diluted share and $15.4 million, or $0.07 per diluted share, respectively.
Same property NOI for the three months ended March 31, 2015 raised 3.4% from the comparable 2014 period primarily due to growth in rental income driven by strong leasing spreads as the Company continues to harvest the below-market leases inherent in its portfolio. In addition, ABR per square foot for the portfolio raised to $12.19 at March 31, 2015 from $12.01 at March 31, 2014.
During the first quarter, the Company accomplished eight anchor space repositioning projects and added nine anchor space repositioning projects and three outparcel development projects to its pipeline. At March 31, 2015, the anchor space repositioning / outparcel development pipeline was comprised of 32 projects, the aggregate cost of which is predictable to be about $107 million.
Brixmor Property Group Inc. owns and operates various grocery-anchored community and neighborhood shopping centers in the United States. As of March 31, 2013, the company owned interests in 532 community and neighborhood shopping centers comprising 526 wholly owned community and neighborhood shopping centers; and 6 community and neighborhood shopping centers held through unmerged real estate joint ventures. Brixmor Property Group Inc. was formerly known as CENTRO SUPER RESIDUAL HOLDING 2 LLC.
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