On Thursday, Shares of JPMorgan Chase & Co. (NYSE:JPM), gained 0.46% to $67.55.
Daniel Pinto earned a higher salary last year than his boss, Chief Executive Officer Jamie Dimon, according to JPMorgan Chase & Co.
Dimon made more when factoring in bonuses and awards such as stock options in addition to his $1.5 million salary. But Pinto, the CEO of JPMorgan’s corporate and investment bank, took home a $7.4 million salary, 10 times more than he did in 2013 and the highest such payment from a U.S.-based public company, according to data compiled by Bloomberg. Pinto’s raise comprises a “cash fixed allowance” while his bonus went to zero from more than $8 million in 2013, the bank said in a regulatory filing. Bloomberg Reports
JPMorgan Chase & Co. provides various financial services worldwide. The company operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset Administration.
Shares of Southwest Airlines Co. (NYSE:LUV), inclined 0.75% to $38.97, during its last trading session.
Southwest Airlines stated its July and year-to-date preliminary traffic statistics. The Company flew 11.5 billion revenue passenger miles (RPMs) in July 2015, an 8.2 percent enhance from the 10.6 billion RPMs flown in July 2014. Accessible seat miles (ASMs) raised 7.0 percent to 13.1 billion in July 2015, contrast with the July 2014 level of 12.3 billion. The July 2015 load factor was an all-time record 87.7 percent, contrast with 86.7 percent in July 2014. Based on these results and current trends, the Company estimates its third quarter 2015 operating revenue per ASM (RASM) will decrease about 1.0 percent, contrast with third quarter 2014.
For the first seven months of 2015, the Company flew 68.2 billion RPMs, contrast with 63.4 billion RPMs flown for the same period in 2014, an enhance of 7.6 percent. Year-to-date ASMs raised 6.6 percent to a level of 81.9 billion, contrast with the 76.8 billion for the same period in 2014. The year-to-date load factor was 83.3 percent, contrast with 82.5 percent for the same period in 2014.
Southwest Airlines Co. operates passenger airlines that provide planned air transportation services in the United States and near-international markets. As of December 31, 2014, it operated 665 Boeing 737 aircraft; and had 12 Boeing 717 aircraft. The company served 93 destinations in 40 states, the District of Columbia, and the Commonwealth of Puerto Rico, in addition to 5 near-international countries, counting Mexico, Jamaica, The Bahamas, Aruba, and the Dominican Republic.
Finally, HCP, Inc. (NYSE:HCP), ended its last trade with 0.28% gain, and closed at $39.70.
HCP declared results for the quarter ended June 30, 2015.
$847 MILLION ACQUISITION OF PRIVATE PAY SENIOR HOUSING PORTFOLIO
On June 30, 2015, HCP and Brookdale Senior Living, Inc. attained a portfolio of 35 private pay senior housing communities from Chartwell Retirement Residences, counting two leasehold interests, representing 5,025 units for $847 million. The portfolio was attained in a RIDEA structure (RIDEA III), with Brookdale owning a 10% non-controlling interest. Brookdale has operated these communities since 2011 after its acquisition of Horizon Bay, and continues to manage the communities under a long-term administration agreement.
$386 MILLION ACQUISITIONS OF ON-CAMPUS MEDICAL OFFICE BUILDINGS
In April 2015, we attained a medical office building (“MOB”) in Philadelphia, Pennsylvania for $161 million. The MOB is anchored by Thomas Jefferson University Hospital, which is ranked 2nd among best hospitals in the Philadelphia metropolitan area by U.S. News and is owned by ‘A rated’ Thomas Jefferson University. The MOB contains 705,000 rentable sq. ft. and was 85% occupied at closing. We continue to have an active leasing pipeline, which raised occupancy to 92% at the end of the second quarter.
In June 2015, we expanded our relationship with Memorial Hermann Health System (“Memorial Hermann”) through the acquisition of a portfolio of 11 on-campus MOBs located in Houston, Texas in a sale-leaseback transaction for $225 million. Memorial Hermann, an ‘A rated’ health system, is the largest not-for-profit system in Southeast Texas and maintains the largest market share at 24% in the Houston metro area. The MOB portfolio, located on four campuses, has an aggregate 1.2 million rentable sq. ft. and is subject to triple-net master leases with 10-year initial lease terms and four 5-year renewal terms.
HCP, Inc. is an independent hybrid real estate investment trust. The fund invests in real estate markets of the United States. It primarily invests in properties serving the healthcare industry counting sectors of healthcare such as senior housing, life science, medical office, hospital and skilled nursing.
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