On Friday, Shares of DCT Industrial Trust Inc (NYSE:DCT), gained 1.32% to $32.13.
DCT Industrial Trust (DCT), declared it has executed over 1.0 million square feet of development leases in Seattle in the last 60 days.
The DCT Seattle team executed eight leases in six buildings bringing the market’s 1.4 million square foot development portfolio to 84 percent leased. Comprised in this leasing are two pre-leases totaling 325,000 square feet for buildings presently under construction.
“The execution of a million square feet of leases in 60 days exemplifies the strong tenant demand we are seeing in the Seattle market,” said Patrick Gemma, Senior Vice President, DCT Industrial. “The quick completion of these deals not only demonstrates an improvement in the speed that tenants are making decisions, but also the strength of our local market team as they are able to find solutions to tenants’ needs.”
DCT Industrial Trust Inc. operates as a publicly owned real estate investment trust. The firm provides its services to companies. Through its fund, it engages in the ownership, operation, and development of real estate properties.
Shares of Store Capital Corp (NYSE:STOR), inclined 1.29% to $20.40, during its last trading session.
STORE Capital Corporation, declared that members of its executive team will be participating in two forthcoming conferences in September 2015. The conferences are as follows:
4th Annual Wells Fargo Net Lease REIT Forum on Tuesday, September 15th, at The Plaza Hotel in New York City. Christopher H. Volk, President and Chief Executive Officer, and Mary Fedewa, Executive Vice President – Acquisitions, will be presenting from 1:30 p.m. – 2:00 p.m. ET.
STORE Capital is a privately owned real estate investment trust. The firm invests in the real estate markets. It primarily invests in single-tenant properties counting chain restaurants, supermarkets, drugstores and other retail, service and distribution facilities. STORE Capital is based in Scottsdale, Arizona.
At the end of Friday’s trade, Shares of Genesee & Wyoming Inc (NYSE:GWR), lost -2.60% to $62.59.
Genesee & Wyoming, stated traffic volumes for August 2015.
Based on G&W’s noteworthy improvement in operations in the U.K. and continental Europe resulting from the acquisition of the London-based Freightliner Group Limited (Freightliner) in March 2015, G&W is now presenting traffic information in three reportable segments: North American Operations, Australian Operations and U.K./European Operations.
Historically, G&W has found that traffic information may be indicative of freight revenues on its railroads. Freight revenues are revenues for which G&W is paid on a per car, per container or per ton basis to move freight. Activities such as railcar switching, port terminal shunting, traction services and other similar freight-related services are excluded from our traffic information as the resulting revenues are not classified as freight revenue. Traffic information may not be indicative of total operating revenues, operating expenses, income from operations or net income.
Genesee & Wyoming Inc. owns and operates short line and regional freight railroads, and provides railcar switching and other rail-related services. It operates in two segments, North American & European Operations and Australian Operations.
Finally, Oceaneering International (NYSE:OII), ended its last trade with -1.56% loss, and closed at $40.31.
Oceaneering International, declared that it secured a contract from Shell Offshore Inc. (“Shell”) to supply umbilicals for the deepwater Appomattox development located in the Mississippi Canyon area of the U.S. Gulf of Mexico.
The order is for electro-hydraulic steel tube control umbilicals, totaling about 60 kilometers (37 miles) in length. Product manufacturing is planned to be performed at Oceaneering’s umbilical facility in Panama City, Florida, and is predictable to commence in the fourth quarter of 2015 and be accomplished in the third quarter of 2017.
This contract is another award by Shell to Oceaneering for a state-of-the-art umbilical under an Enterprise Frame Agreement, which was executed in November 2012.
Oceaneering International, Inc. provides engineered services and products primarily to the offshore oil and gas industry worldwide. The company’s Remotely Operated Vehicles (ROVs) segment offers submersible vehicles for drilling support in the oil and gas industry; and subsea hardware installation, construction, pipeline inspection, survey and facilities inspection, maintenance, and repair services.
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