During Thursday’s Current trade, Shares of W.P. Carey Inc (NYSE:WPC), lost -0.07% to $57.98.
W.P. Carey Inc. (NYSE: WPC), a real estate investment trust specializing in corporate sale-leaseback and build-to-suit financing, and the acquisition of single-tenant net lease properties, declared recently that it has reached a $50.6 million (£32.5 million) sale-leaseback transaction, not taking into account acquisition costs, for a Class A office building in Sunderland, England. The facility will be net leased to a wholly-owned partner of British energy company RWE npower, which is 100% owned by German utility company RWE AG.
Key Facts
- Established guarantor and parent companies:The lease will be guaranteed by RWE npower, one of the UK’s leading energy companies. Its parent company, RWE AG, is one of Europe’s leading electricity and gas providers and has investment grade ratings from both Standard & Poor’s and Moody’s.
- Critical, well-located office building:Four offices have been merged into the facility, which houses about one-quarter of the tenant’s workforce. Located between the cities of Durham, Newcastle and Sunderland, more than 1.3 million people live within a 30-minute commute.
- High-quality facility with potential for expansion:The Class A office space was accomplished six years ago to meet the latest environmental standards. The tenant has obtained planning permission for a neighboring plot, allowing for potential future expansion.
- Long-term net lease with built-in rental growth:The facility is triple-net leased for a 10-year term and comprises rent escalation in the fifth year based on the UK Retail Price Index with annual compounding.
- P. Carey Inc. is an independent equity real estate investment trust. The firm also provides long-term sale-leaseback and build-to-suit financing for companies. It invests in the real estate markets across the globe. The firm primarily invests in commercial properties that are generally triple-net leased to single corporate tenants counting office, warehouse, industrial, logistics, retail, hotel, R&D, and self-storage properties. W. P. Carey Inc. was founded in 1973 and is based in New York City with an additional office in Dallas, Texas.
Shares of Repligen Corporation (NASDAQ:RGEN), inclined 2.60% to $37.05, during its current trading session.
Repligen Corporation (RGEN) declared that life sciences industry veteran Glenn P. Muir has been elected to its Board of Directors and designated as a member of its Audit Committee. Mr. Muir brings over 30 years of experience to the director role, most recently as Chief Financial Officer and Executive Vice President, Finance and Administration for Hologic, Inc. (HOLX), a large multi-national medical device and diagnostics company where he was instrumental to the company’s noteworthy expansion.
Repligen Corporation, a life sciences company, develops, manufactures, and markets consumable bioprocessing products for use in the production of monoclonal antibodies and other biologic drugs. The company manufactures various forms of Protein A, a critical reagent used in biomanufacturing to separate and purify monoclonal antibodies.
Etsy Inc (NASDAQ:ETSY), during its Thursday’s current trading session gained 6.12% to $15.27.
Etsy, Inc. (ETSY), a marketplace where people around the world connect, both online and offline, to make, sell and buy unique goods, declared financial results for its second quarter 2015, ended June 30, 2015.
Second Quarter 2015 Operational Highlights
GMS was $546.2 million, up 24.6% contrast with the second quarter of 2014. Growth in GMS was driven by 24.6% year-over-year growth in active sellers and 31.6% year-over-year growth in active buyers. We continued to make progress in narrowing the gap between mobile visits and mobile GMS as a result of strong year-over-year GMS growth on our mobile app platform. Etsy has rapidly become a mobile-first company; percent mobile visits was about 60% contrast with about 53% in the second quarter of 2014 and percent mobile GMS was about 43% contrast with about 36% in the second quarter of 2014. Mobile visits also continued to grow faster than desktop visits.
Finally, Franklin Electric Co. (NASDAQ:FELE), decreased -0.03%, to $29.01.
The board of directors of Franklin Electric Co., Inc. (FELE) has elected Renee Peterson to be a director of the company effective September 1, 2015.
Ms. Peterson was elected Vice President, Finance and CFO of The Toro Company (TTC) in 2011. She was designated as Toro’s Treasurer in 2013. Preceding to joining The Toro Company, Ms. Peterson was the Vice President of Finance and Planning at Eaton Corporation, where she offered finance and business development leadership to the Truck and Automotive segments. Ms. Peterson began her career at Eaton Corporation in 2008 as Vice President, Finance, Information Technology and Business Development. Preceding to that, Ms. Peterson was Vice President, Finance of Honeywell International, where she had been employed since 1983 holding various finance positions.
Franklin Electric Co., Inc., together with its auxiliaries, designs, manufactures, and distributes water and fuel pumping systems worldwide. It operates in two segments, Water Systems and Fueling Systems. The Water Systems segment offers motors, pumps, electronic controls, and related parts and equipment. Its motors and pumps are used principally for pumping fresh water and wastewater in various residential, agricultural, and industrial applications; and electronic drives and controls are used in motors, which control functionality and provide protection from various hazards, such as electric surges, over-heating, or dry wells or tanks.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
