On Friday, TherapeuticsMD Inc (NYSEMKT:TXMD)’s shares declined -0.79% to $6.31.
TherapeuticsMD Inc (TXMD) declared the pricing of an underwritten public offering of about 3.8 million shares of its common stock, offered at a price of $7.80 per share. The gross proceeds to TherapeuticsMD from this offering are predictable to be about $30.0 million, before deducting underwriting discounts, commissions and other offering expenses payable by TherapeuticsMD. In addition, TherapeuticsMD has granted the underwriters an option for a period of 30 days to purchase, at the public offering price less the underwriting discount, up to about 577,000 additional shares of common stock to cover over-allotments, if any. All of the shares in the offering are to be sold by TherapeuticsMD. The offering is predictable to close on or about July 15, 2015, subject to the satisfaction of customary closing conditions.
TherapeuticsMD, Inc. operates as a woman’s health care product company. The company manufactures and distributes prescription and over-the-counter product lines, counting prenatal vitamins, iron supplements, vitamin D supplements, and natural menopause relief products under the vitaMedMD brand, in addition to duplicate formulations of its prescription prenatal vitamins products under the BocaGreenMD Prena1 name.
Brandywine Realty Trust (NYSE:BDN)’s shares gained 0.88% to $13.70.
Brandywine Realty Trust (BDN) stated its financial and operating results for the three and six-month periods ended June 30, 2015.
2nd Quarter Highlights
Financial Results
- Funds from Operations (FFO); $57.4 million, or $0.32 per share.
- Net income accessible to common shareholders; $1.3 million, or $0.01 per share.
Portfolio Results
- Core portfolio was 91.7% occupied and 94.4% leased.
- Signed 1,556,000 square feet of new and renewal leases.
- Achieved 78.2% tenant retention ratio.
- Rental rate market-to-market raised 6.7% / 1.5% on GAAP/Cash basis.
- Raised 2015 speculative revenue by $0.7 million, or 2.1%, and have accomplished 98% of revised target.
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.
At the end of Friday’s trade, Kimco Realty Corp (NYSE:KIM)‘s shares surged 0.32% to $25.40.
Kimco Realty Corp. (KIM) stated that the company’s transaction activity for the second quarter of 2015 totaled more than $500 million. Highlights comprise the acquisition of the remaining 24.7% equity interest in the 14-property Kimco Income Fund II portfolio based on a gross value of $341.1 million and the disposition of 16 shopping centers for a gross sales price of $144.0 million. In addition the company sold 6.4 million shares of SUPERVALU INC. (SVU) common stock for $58.6 million.
ACQUISITIONS
In the second quarter, Kimco attained the full ownership interest in 14 high-quality shopping centers and several improved parcels adjacent to existing Tier 1 shopping centers totaling about 2.0 million square feet for a gross purchase price of about $367.4 million. Details of these transactions are as follows:
- Kimco Income Fund (KIF) II Portfolio: The company accomplished the acquisition of the 14-property KIF II portfolio from three existing joint venture partners based on a gross value of $341.1 million. Kimco, which formerly held a 75.3% ownership interest in this merged joint venture, paid about $30.5 million for the remaining 24.7% equity interest. The KIF II portfolio is a geographically-diversified, primarily grocery-anchored portfolio totaling 1.9 million square feet across nine states counting four sites located in California. The properties feature a well-known lineup of national retailers counting Kroger, Giant Food, Ross Stores, Bed Bath & Beyond, Best Buy, DSW and Burlington Stores, Inc.
With this acquisition, Kimco continues to execute on the company’s strategy of simplifying its business by reducing its number of joint ventures. Since 2010, the company has reduced the number of institutional joint venture partners by about 50%.
Kimco Realty Corporation is an independent real estate investment trust. The firm invests in the real estate markets across North America. It is primarily engaged in acquisitions, development, and administration of neighborhood and community shopping centers. The firm also provides property administration services regarding the administration, leasing, operation, and maintenance of real estate properties. Kimco Realty Corporation was formed in 1966 and is based in New Hyde Park, New York with additional office all across North America.
Scorpio Tankers Inc. (NYSE:STNG), ended its Friday’s trading session with 1.88% gain, and closed at $10.32.
Scorpio Tankers Inc. (STNG) stated its results for the three and six months ended June 30, 2015.
Results for the three months ended June 30, 2015 and 2014
For the three months ended June 30, 2015, the Company’s adjusted net income was $57.5 million, or $0.35 basic and $0.32 diluted earnings per share, which excludes an unrealized gain on derivative financial instruments of $0.1 million, or $0.00 per basic and diluted shares (see non-GAAP Measures section below). For the three months ended June 30, 2015, the Company had net income of $57.6 million, or $0.35 basic and $0.32 diluted earnings per share.
For the three months ended June 30, 2015, the Company’s basic and diluted weighted average number of shares were 162,457,319 and 199,202,256, respectively. The diluted weighted average number of shares comprises the potentially dilutive shares regarding our Convertible Senior Notes due 2019 (the “Convertible Notes”) representing 31,094,568 potential common shares (see below for further information).
Scorpio Tankers Inc., together with its auxiliaries, engages in the seaborne transportation of refined petroleum products and crude oil worldwide. As of March 31, 2015, it owned 67 tankers comprising 11 LR2 tanker, 2 LR1 tankers, 15 Handymax tankers, 39 MR tankers with an average age of 1.1 years; and time charters-in 20 product tankers, counting 5 LR2, 5 LR1, 3 MR, and 7 Handymax tankers. The company was founded in 2009 and is based in Monaco, Monaco.
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