On Friday, Shares of MDU Resources Group Inc (NYSE:MDU), gained 0.23% to $17.12.
MDU Resources Group stated second quarter merged adjusted earnings of $29.1 million, or 15 cents per common share, contrast to $34.1 million, or 18 cents per common share for the second quarter of 2014. On a GAAP basis, the company stated a loss of $229.8 million, or $1.18 per share, contrast to second quarter 2014 earnings of $53.9 million, or 28 cents per share.
Adjusted earnings for the six months ended June 30 were $56.5 million, or 29 cents per share, contrast to $69.6 million, or 36 cents per share a year ago. On a GAAP basis the company stated a loss of $535.9 million, or $2.75 per share, contrast to earnings of $110.4 million, or 58 cents per share in 2014.
MDU Resources Group, Inc. operates as a diversified natural resource company in the United States. The company’s Electric segment generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming.
Shares of Colony Capital Inc (NYSE:CLNY), declined -3.44% to $21.90, during its last trading session.
Colony Capital, declared financial results for the second quarter ended June 30, 2015 and declared raised dividend of $0.38 per share of Class A and Class B common stock for the third quarter of 2015.
Second Quarter 2015 Highlights
- Funds from operations (FFO) of $83.2 million, or $0.62 per basic share, inclusive of a $38.0 million net gain, or $0.29 per basic share, on a required fair value remeasurement of merged investment entities resulting from the completion of the combination transaction; Core funds from operations (Core FFO) of $61.7 million, or $0.46 per basic share, which, among other adjustments made to compute Core FFO, excludes the required fair value remeasurement gain.
- Declared and paid a second quarter dividend of $0.37 per share of Class A and Class B common stock.
- Invested and agreed to invest about $833 million composed of $334 million in 11 loan originations and $499 million in six real estate equity investments. The Company plans to finance a majority of the loan originations resulting in combined levered interests predictable to yield in excess of 12% on a blended basis. The Company also has obtained or plans to obtain investment-level, non-recourse financing on certain real estate equity investments.
- The Company accomplished the combination transaction with Colony Capital, LLC for aggregate upfront consideration of $659 million based on the closing share price of $26.19 on April 1, 2015 preceding to various closing adjustments and expenses. As a result of the transaction, the Company changed its name from Colony Financial, Inc. to Colony Capital, Inc.
- Raised net proceeds of about $278 million through an underwritten public offering of 11,500,000 shares of the Company’s 7.125% Series C Cumulative Redeemable Perpetual Preferred Stock.
- Subsequent to quarter end: the Company (i) invested and agreed to invest an additional $233 million in six loan originations and one real estate equity acquisition; (ii) raised commitments under its revolving credit facility by $155 million resulting in total commitments of $800 million; and (iii) received $75 million for its pro rata share of a special dividend distributed by Colony American Homes (“CAH”), which also declared the initiation of a regular-way quarterly dividend representing an approximate annualized dividend yield of 1.4%.
Colony Capital, Inc., a commercial real estate and investment administration company, acquires, originates, and manages a portfolio of real estate-related debt and equity investments in North America and Europe.
At the end of Friday’s trade, Shares of Jack in the Box Inc. (NASDAQ:JACK), lost -0.99% to $90.21.
Jack in the Box, stated earnings from ongoing operations of $28.4 million, or $0.75 per diluted share, for the third quarter ended July 5, 2015, contrast with earnings from ongoing operations of $26.1 million, or $0.64 per diluted share, for the third quarter of fiscal 2014.
Operating earnings per share, a non-GAAP measure which the company defines as diluted earnings per share from ongoing operations on a GAAP basis not taking into account restructuring charges and gains or losses from refranchising, were $0.76 in the third quarter of fiscal 2015 contrast with $0.65 in the preceding year quarter.
Jack in the Box Inc. operates and franchises Jack in the Box quick-service restaurants and Qdoba Mexican Grill fast-casual restaurants in the United States. As of February 17, 2015, it operated about 2,200 restaurants in 21 states and Guam; and operated and franchised 600 Qdoba Mexican Grill restaurants in 47 states, the District of Columbia, and Canada. The company was founded in 1951 and is based in San Diego, California.
Finally, Weingarten Realty Investors (NYSE:WRI), ended its last trade with 0.29% gain, and closed at $34.80.
Weingarten Realty Investors declared the results of its operations for the quarter ended June 30, 2015. The supplemental financial package with additional information can be found on the Company’s website under the Investor Relations tab.
Second Quarter Operating and Financial Highlights
- Recurring Funds from Operations Attributable to Common Shareholders (“FFO”) for the quarter raised to $0.54 per diluted share from $0.51 per diluted share a year ago;
- Same Property Net Operating Income raised 4.1% over the same quarter of the preceding year;
- Occupancy raised 0.7% over the same quarter of the preceding year to 95.5%;
- Rental rates on new leases and renewals were up 16.8% and 10.9%, respectively;
- Senior unsecured bonds totaling $250 million were issued at an all-in cost of 3.77%; and
- Acquisitions totaling $81 million were accomplished during the quarter.
Weingarten Realty Investors is a publically owned equity real estate investment trust. The firm invests in the real estate markets of United States. The firm engages in ownership, administration, acquisition, development and redevelopment.
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