On Friday, Prologis Inc (NYSE:PLD)’s shares declined -0.15% to $39.86.
Prologis, Inc. (PLD), the global leader in industrial real estate, recently stated results for the second quarter of 2015 and declared that its Board of Directors has approved a quarterly dividend enhance, raising the company’s annualized dividend level by 11 percent to $1.60 per share of common stock.
Core funds from operations (Core FFO) per diluted share was $0.52 for the second quarter contrast with $0.48 for the same period in 2014, an enhance of 8 percent.
OPERATING FUNDAMENTALS GAIN MOMENTUM
Prologis ended the quarter with 95.4 percent occupancy in its operating portfolio, an enhance of 80 basis points over the same period in 2014. Not taking into account the KTR assets, the company ended the quarter with 95.6 percent occupancy in its operating portfolio. Prologis leased a record 44.6 million square feet (4.1 million square meters) in its combined operating and development portfolios. Tenant retention was 79.0 percent.
GAAP rental rates on signed leases during the quarter raised a record 14.4 percent from preceding rents. The Americas region led the quarterly enhance at 20.6 percent (U.S. at 21.9 percent), followed by Europe at 4.4 percent and Asia at 2.0 percent. Prologis’ share of same store NOI raised 5.9 percent on a GAAP basis and 5.2 percent on an adjusted cash basis.
Prologis Inc. is an independent equity real estate investment trust. It invests in the real estate markets across the globe. The firm engages in the ownership, development, administration, and leasing of industrial distribution and retail properties. It was formerly known as Security Capital Investment Trust. Prologis Inc. was formed in 1991 and is based in San Francisco, California with an additional office in Denver, Colorado.
Terex Corporation (NYSE:TEX)’s shares dropped -2.49% to $21.50.
Terex Corporation (TEX) will host a one-hour conference call to review its second quarter 2015 financial results on Thursday, July 30, 2015 at 8:00 a.m. EDT. Ronald M. DeFeo, Chairman and CEO, will host the call. The Company will release its financial results preceding to the call.
Terex Corporation operates as a lifting and material handling solutions company. Its Aerial Work Platforms segment designs, manufactures, services, and markets aerial work platform equipment, telehandlers, and light towers, in addition to related components and replacement parts under Terex and Genie names.
At the end of Friday’s trade, Tyson Foods, Inc. (NYSE:TSN)‘s shares dipped -0.58% to $42.88.
Tyson Foods Inc.’s (TSN) partner, Tyson Food Service, and its Italian products brand, BONICI, have undertaken five planned initiatives to enhance the efficiency and profitability of the brand. These initiatives focus on the growing pizza category, as 19% consumers want more pizza on the menu, per Technomic’s 2014 The Pizza Trend Report.
BONICI brands offer a complete line of Italian products, counting pepperoni and toppings, dough, crusts and chicken products.
Tyson Food Service provides expertise, insights and production capabilities and offers more than 2,500 products across six core brands — Tyson, BONICI, Wright Brand, Mexican Original, IBP Trusted Excellence and Lady Aster.
Among the five strategies, the first one aims to enhance the versatility of the traditional pizza to match the taste of modern consumers.
Lastly, Tyson Food Service suggested the brand to partner with other food service providers and food brands to optimize offerings.
Tyson Foods, Inc., together with its auxiliaries, produces, distributes, and markets chicken, beef, pork, prepared foods, and related allied products worldwide. The company breeds and raises chickens; and processes live chickens into fresh, frozen, and value-added chicken products.
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