On Tuesday, Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL)’s shares inclined 2.12% to $17.33.
Studio City International Holdings Limited, a company in which Melco Crown Entertainment Limited (MPEL) owns a 60% interest and Taubman Asia, a partner of U.S. mall REIT, Taubman Centers, Inc. (TCO), unveiled an all-star lineup of fashion brands that will open doors at Macau’s latest, and arguably, best curated retail space, The Boulevard at Studio City.
The Boulevard at Studio City will bring an unparalleled shopping experience to Asia’s entertainment capital, Studio City. Unlike any retail offering to be found in Asia, the unique 35,000-square-meter ‘immersive’ retail entertainment environment brings shopping to life by ‘transporting’ visitors to high-energy street-scapes and entertaining them at every turn with featured streets and squares inspired by iconic shopping and entertainment locations, counting New York’s Times Square and Hollywood’s Beverly Hills. At the futuristic Times Square Macau, inside The Boulevard at Studio City, a variety of entertainment from ‘virtual’ musicians to film stars will be shown through holographic projections.
A first-of-its-kind in Macau, The Boulevard at Studio City is the ‘go to’ destination in Macau, showcasing sophisticated, prestigious fashion brands as befits a trendsetter. It promises to deliver a mix of premium contemporary and bespoke offerings for the discerning consumers, in a Hollywood glamor-inspired environment, where fashion is the focus.
Melco Crown Entertainment Limited, through its auxiliaries, develops, owns, and operates casino gaming and entertainment resort facilities in Asia. It owns and operates City of Dreams, an integrated casino resort that has 500 gaming tables and 1,400 gaming machines; about 1,400 hotel rooms and suites; a wet stage performance theater with about 2,000 seats; about 30 restaurants and bars, and 70 retail outlets; and recreation and leisure facilities, counting health and fitness clubs, swimming pools, spa and salons, and banquet and meeting facilities.
UDR, Inc. (NYSE:UDR)’s shares gained 2.08% to $32.84.
UDR, Inc. (UDR) declared Second Quarter 2015 Results and Increases Full-Year 2015 Earnings and Same-Store Guidance Ranges.
Second Quarter 2015 Highlights:
- Funds from Operations per share was $0.41 (+6% year-over-year), FFO as Adjusted per share was $0.42 (+9%), and AFFO per share was $0.38 (+11%).
- Year-over-year same-store (“SS”) revenue and net operating income (“NOI”) growth for the quarter were 5.4 percent and 6.8 percent, respectively.
- As formerly declared, the Company invested $136 million for a 48 percent interest in a $559 million development joint venture that is comprised of five communities, in various stages of construction, on the West Coast. The transaction closed in May 2015 and was right away accretive to FFO per share.
- During the quarter, the Company declared a contract to acquire up to six apartment communities valued at $908 million in the recovering Washington, DC market as part of the Home Properties merger with Lone Star Funds. The transaction is predictable to close in the third or fourth quarter of 2015.
UDR, Inc. is an independent real estate investment trust. The firm invests in the real estate markets of the United States. It owns, operates, acquires, renovates, develops, redevelops, and manages multifamily apartment communities. The firm was previously known as United Dominion Realty Trust, Inc. UDR, Inc. was founded in 1972 and is headquartered in Denver, Colorado with additional offices in Dallas, Texas; Houston, Texas; Newport Beach, California; Orlando, Florida; Phoenix, Arizona; Santa Clara, California; Tampa, Florida; and Washington DC, Virginia.
At the end of Tuesday’s trade, Pioneer Natural Resources (NYSE:PXD)‘s shares surged 0.32% to $117.37.
Pioneer Natural Resources Company (PXD) declared that its board of directors declared a cash dividend of $0.04 per share on Pioneer’s outstanding common stock. The dividend is payable October 9, 2015, to stockholders of record at the close of business on September 30, 2015.
Pioneer Natural Resources Company engages in the exploration and production of oil and gas in the United States. The company produces and sells oil, natural gas liquids (NGLs), and gas. It has operations primarily in the Permian Basin in West Texas, the Eagle Ford Shale play in South Texas, the Raton field in southeastern Colorado, and the West Panhandle field in the Texas Panhandle.
W&T Offshore, Inc. (NYSE:WTI), ended its Tuesday’s trading session with 6.03% gain, and closed at $3.26.
W&T Offshore, Inc. (WTI) stated its second quarter 2015 operations and financial results, in addition to its 2015 third quarter and full year production and expense guidance. Some of the key items comprise:
- Successfully accomplished and brought on production two deepwater wells at Mississippi Canyon 538 “Medusa” field during the second quarter. The two wells, the SS #6 and SS #7, came on line with a combined initial rate surpassing 17,300 barrels of oil equivalent (“Boe”) per day gross, increasing the total field output to over 20,800 Boe per day gross or greater than 3,000 Boe per day net to our interest.
- Production for the second quarter of 2015 averaged about 46,500 Boe per day (4.23 million Boe in total for the quarter), 55% of which was oil and liquids. Oil production raised 2.9% for the second quarter of 2015 contrast to the second quarter of 2014 while natural gas production reduced 5.5% and natural gas liquids (“NGLs”) production reduced 20.6% as we continue our focus on oil related projects.
- Average realized sales price for the second quarter of 2015 was $56.63 per barrel for oil, $19.18 per barrel for NGLs and $2.74 per thousand cubic feet (“Mcf”) for natural gas. On a combined basis, our average realized sales price was $34.83 per Boe contrast to $59.63 per Boe in the second quarter of 2014.
W&T Offshore, Inc., an independent oil and natural gas producer, together with its auxiliaries, engages in the acquisition, exploration, and development of oil and natural gas properties primarily in the Gulf of Mexico and onshore in the Permian Basin of West Texas.
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