On Monday, Lattice Semiconductor (NASDAQ:LSCC)’s shares inclined 4.12% to $4.30.
Lattice Semiconductor Corporation (LSCC) declared that it is planned to present at Jefferies Semiconductors, Hardware & Communications Infrastructure Summit taking place on Wednesday, August 26 at the Four Seasons in Chicago. During the conference, Joe Bedewi, Corporate Vice President and Chief Financial Officer, and Glen Hawk, Corporate Vice President and Chief Marketing Officer, will be presenting. Presentation materials will be accessible on the investor relations section of the Company’s website at www.lscc.com.
Lattice Semiconductor Corporation designs, develops, and markets programmable logic products and related software in Asia, Europe, and the Americas. It offers products based on field programmable gate arrays (FPGAs) and complex programmable logic devices (CPLDs) architectures.
Corporate Office Properties Trust (NYSE:OFC)’s shares gained 0.37% to $23.22.
Corporate Office Properties Trust (OFC) has agreed to acquire 100 Light Street and its 560-space structured parking garage, 30 Light Street (together, “100 Light” or the “Transamerica Building”) in downtown Baltimore for $121.0 million. The 37-story office building contains 549,300 rentable square feet and, at June 30, 2015, was 94% leased to credit-worthy tenants, the largest three of which are Transamerica Life Insurance Company (28% of the building), Miles & Stockbridge (21%) and Ober | Kaler (17%). Located at the corner of Light and Pratt Streets – “Main & Main” in the Pratt Street Corridor – 100 Light is the tallest building in the state of Maryland.
The Company is under contract to acquire 100 Light from Lexington Realty Trust (LXP) and anticipates to complete the transaction in August of this year. The $121.0 million purchase price comprises COPT assuming the property’s $55.0 million mortgage loan, which bears interest at a fixed rate of 4.32% and matures in June 2023.
Corporate Office Properties Trust, a real estate investment trust (REIT), engages in the acquisition, development, ownership, administration, and leasing of suburban office properties. As of December 31, 2005, the company’s portfolio comprised of 165 office properties; 14 wholly owned office properties under construction or development; and land parcels totaling 311 acres. As of the above date, the company, through joint ventures, owned 18 operating properties, 2 office properties, and land parcels totaling 138 acres
Altisource Residential Corp (NYSE:RESI), ended its Monday’s trading session with 0.04% gain, and closed at $14.12.
Altisource Residential Corporation (RESI) declared financial and operating results for the second quarter of 2015.
Second Quarter 2015 Highlights:
- Estimated taxable income for the second quarter of 2015 raised by 42% to $37.7 million, from $26.5 million for the second quarter of 2014.
- Declared and paid a $0.55 per share dividend.
- Agreed to purchase up to 1,325 single-family rental homes from Invitation Homes for an aggregate purchase price of $112.6 million. Transaction predictable to close in August 2015.
- Accomplished a third non-performing loan securitization in June 2015.
- Transferred servicing of 4,342 loans with an aggregate UPB of $1.2 billion to our two new mortgage servicers.
- Sold 189 re-performing mortgage loans for total proceeds of $34.6 million.
- Asset administration fees reduced to $5.2 million in the second quarter of 2015 from $15.5 million in the second quarter of 2014.
- Initiated a program to acquire rental properties on a one-by-one basis using a proprietary valuation model. Expect to commence purchases in the third quarter of 2015.
Altisource Residential Corporation, through its partner, Altisource Residential, L.P., focuses on acquiring, owning, and managing single-family rental properties in the United States. It acquires its single-family rental properties primarily through the acquisition of sub-performing and non-performing loan portfolios. The company is qualified as a real estate investment trust (REIT) under the Internal Revenue Code.
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