On Wednesday, DDR Corp (NYSE:DDR)’s shares inclined 2.18% to $15.46.
DDR Corp. (DDR) declared operating results for the second quarter ended June 30, 2015.
Financial Highlights
- Second quarter operating funds from operations attributable to common shareholders (“Operating FFO”) raised $10.1 million to $111.4 million, or $0.31 per diluted share, contrast to $101.3 million, or $0.28 per diluted share, for the preceding-year comparable period.
- Second quarter net income attributable to common shareholders was $13.0 million, or $0.03 per diluted share, which compares to net income of $67.8 million, or $0.19 per diluted share, for the preceding-year comparable period.
Noteworthy Quarterly Activity
- Generated same store net operating income growth of 3.0% on a pro rata basis.
- Executed 369 new leases and renewals for 2.9 million square feet.
- The annualized base rent per occupied square foot was $14.37 at June 30, 2015 as contrast to $13.72 at June 30, 2014, an enhance of 4.7% on a pro rata basis.
- Generated new leasing spreads of 25.4% on a pro rata basis, and renewal leasing spreads of 7.2% on a pro rata basis.
- The portfolio leased rate was 95.8% at June 30, 2015 and 2014 on a pro rata basis.
- Attained $111 million of wholly-owned prime power centers.
- Sold ten assets totaling $60 million at DDR’s share.
DDR Corp. is an equity real estate investment trust. It invests in the real estate markets of the United States and Puerto Rico. The firm is in the business of acquiring, owning, developing, redeveloping, expanding, leasing and managing shopping centers. It formerly known as Developers Diversified Realty Corp. DDR Corp is based in Beachwood, Ohio.
Hecla Mining Company (NYSE:HL)’s shares dropped -5.73% to $1.81.
Hecla Mining Company (NYSE:HL) declared its Board of Directors has elected to declare the regular quarterly dividend of $0.875 per share on the outstanding Series B Cumulative Convertible Preferred Stock, on a total of 157,816 shares outstanding. This represents a total amount to be paid of about $138,000. The cash dividend is payable October 1, 2015, to shareholders of record on September 15, 2015.
Hecla Mining Company, together with its auxiliaries, discovers, acquires, develops, produces, and markets precious and base metal deposits worldwide. The company offers unrefined gold and silver bullion bars to precious metals traders; and lead, zinc, and bulk concentrates to custom smelters and brokers. It owns 100% interests in the Greens Creek mine located on Admiralty Island in Southeast Alaska; the Lucky Friday unit located in the Coeur dAlene mining district in northern Idaho; and the Casa Berardi mine located in the Abitibi region of north-western Quebec, Canada.
At the end of Wednesday’s trade, Prologis Inc (NYSE:PLD)‘s shares surged 2.96% to $37.53.
Prologis, Inc. (PLD), the global leader in industrial real estate, recently released a research paper titled “The Evolution of Logistics Real Estate Clusters.”
According to a recent study by Prologis Research, evolving trade patterns, together with advances in technology and the expansion of e-commerce, reinforce the value proposition of core market locations. To better understand the evolution of the agglomeration of distribution centers, the research team developed two proprietary indices—the Modern Logistics Concentration (MLC) and the Modern Logistics Quotient (MLQ)—that measure the size, relative maturity, demand drivers and growth potential of logistics clusters around the world.
Prologis Inc. is an independent equity real estate investment trust. It invests in the real estate markets across the globe. The firm engages in the ownership, development, administration, and leasing of industrial distribution and retail properties. It was formerly known as Security Capital Investment Trust. Prologis Inc. was formed in 1991 and is based in San Francisco, California with an additional office in Denver, Colorado.
Microchip Technology Inc. (NASDAQ:MCHP), ended its Wednesday’s trading session with 3.84% gain, and closed at $41.09.
Microchip Technology Inc., a leading provider of microcontroller, mixed-signal, analog and Flash-IP solutions, recently declared a new series within its PIC32MX1/2 32-bit microcontroller (MCU) family that features a large 256 KB Flash configuration and 16 KB of RAM in small-footprint packages. These latest additions to this popular MCU family provide flexibility to low-cost applications that need complex algorithms and application code, and they are coupled with Microchip’s comprehensive software and tools for designs in graphics, touch sensing and general-purpose embedded control.
Microchip’s MPLAB® Harmony software development framework further simplifies designs, by integrating the license, resale and support of Microchip and third-party middleware, drivers, libraries and Real-Time Operating Systems (RTOS). Specifically, Microchip’s readily accessible software packages—counting USB stacks and Graphics and Touch libraries—can greatly reduce the development time of applications such as consumer, industrial and general-purpose embedded control.
Microchip Technology Incorporated develops, manufactures, and sells semiconductor products for various embedded control applications. The company offers microcontrollers, such as 8-bit, 16-bit, and 32-bit microcontrollers under the PIC brand name; and 16-bit dsPIC digital signal controllers, in addition to provides microcontrollers for automotive networking, computing, lighting, power supplies, wireless communication, and wireless audio applications.
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