On Friday, Shares of Vornado Realty Trust (NYSE:VNO), lost -2.70% to $84.92.
Vornado Realty Trust declared that it has reached a contract to sell 1750 Pennsylvania Avenue, NW, a 278,000 square foot office building in Washington, DC. The sale price is about $182 million and will result in a financial statement gain of about $102 million. The tax gain will be deferred as part of a like-kind exchange.
The sale, which is subject to customary closing conditions, is predictable to be accomplished in the third quarter of 2015.
Vornado Realty Trust is a fully integrated equity real estate investment trust.
Certain statements contained herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors comprise, among others, risks associated with the timing of and costs associated with property improvements, financing commitments and general competitive factors.
Vornado Realty Trust is a publicly owned real estate investment trust. The firm invests in the real estate markets of the United States. It makes investments in commercial real estate properties to create its portfolio.
Shares of BlackRock, Inc. (NYSE:BLK), declined -1.93% to $294.45, during its last trading session.
BlackRock, declared that Ryan Stork, Chairman of BlackRock Asia Pacific, and Tom Wojcik, Head of Investor Relations & Corporate Development, are planned to speak at the 22nd CLSA Investors’ Forum in Hong Kong on September 15th, 2015, starting at about 9:30 a.m. HKT (September 14th, 2015 at 9:30 p.m. ET). Additionally, Gary S. Shedlin, Chief Financial Officer, is planned to speak at the 2015 Barclays Global Financial Services Conference in New York on September 17, 2015, starting at about 4:15 p.m. ET. Before their remarks, a live audio webcast will be accessible via the “Investor Relations” section of BlackRock’s website, www.blackrock.com. A replay of the webcast will be available within 24 hours of the presentations and will remain accessible through the Company’s website for two months.
BlackRock, Inc. is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors. It also manages accounts for corporate, public, union and industry pension plans, insurance companies, third-party mutual funds, endowments, foundations, charities, corporations, official institutions, and banks.
At the end of Friday’s trade, Shares of BreitBurn Energy Partners L.P. (NASDAQ:BBEP), gained 1.70% to $2.69.
Breitburn Energy Partners LP, declared a cash distribution of $0.04166 per common unit for the third month attributable to the second quarter of 2015, payable on September 11, 2015, to record holders of its common units at the close of business on September 8, 2015. This monthly distribution is equal to a distribution of $0.50 per common unit on an annualized basis.
Breitburn also declared recently distributions for its 8.25% Series A Cumulative Redeemable Perpetual Preferred Units (BBEPP) and 8.0% Series B Perpetual Convertible Preferred Units. A cash distribution of $0.171875 per Series A Unit is payable on October 15, 2015, to record holders of its Series A Units at the close of business on September 30, 2015. This monthly distribution is equal to an annual distribution of $2.0625 per Series A Unit. Breitburn has elected to pay the distribution on the Series B Units in kind by issuing additional Series B Units instead of paying a cash distribution. A distribution of 0.006666 PIK unit per Series B Unit is payable on September 15, 2015, to record holders of Series B Units at the close of business on August 31, 2015.
Breitburn Energy Partners LP, an independent oil and gas partnership, acquires, exploits, and develops oil, natural gas liquids (NGLs), and natural gas properties in the United States.
Finally, SkyWest, Inc. (NASDAQ:SKYW), ended its last trade with 5.59% gain, and closed at $16.99.
SkyWest will take part in a number of forthcoming investor conferences, counting:
- Cowen and Company 8th Annual Global Transportation Conference in Boston on Wednesday, Sept. 9
- Deutsche Bank Airline Day in New York on Thursday, Sept. 10
- Imperial Capital 9th Annual Global Opportunities Conference on Thursday, Sept. 17
Rob Simmons, SkyWest’s Chief Financial Officer, and Eric Woodward, SkyWest’s Chief Accounting Officer, are planned to present at Cowen and Deutsche Bank. SkyWest, Inc. President, Chip Childs, will present with Eric Woodward at Imperial Capital.
SkyWest, Inc., through its auxiliaries, operates a regional airline in the United States. It provides planned passenger and airfreight services with about 3,500 total daily departures to various destinations in the United States, Canada, Mexico, and the Caribbean.
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