On Friday, Mastercard Inc (NYSE:MA)’s shares inclined 0.62% to $97.76.
MasterCard and Samsung Electronics Co., Ltd recently declared they are extending their global partnership leveraging the MasterCard Digital Enablement Service (MDES) to deliver Samsung Pay in Europe. Samsung Pay is a mobile payment service that will enable consumers to use their Samsung flagship mobile devices to make every day in-store purchases at contactless and magnetic stripe terminals leveraging NFC and MST technologies.
European card issuers will be able to connect to the MDES platform and activate the Samsung Pay service upon launch. Cardholders can activate their credit, debit, reloadable prepaid and small business cards from participating issuers in the Samsung Pay service and use their mobile devices to make everyday purchases. Earlier this year, MasterCard declared it would provide the tokenization services to Samsung Pay for its secure transactions, enabling a quick scaling connection to bank partners in the U.S.
MasterCard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company facilitates the processing of payment transactions, counting authorization, clearing, and settlement, in addition to delivers related products and services. It also offers value-added services, such as loyalty and reward programs, and information and consulting services.
DDR Corp (NYSE:DDR)’s shares gained 0.74% to $16.38.
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.
NoteworthyQuarterly 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.
At the end of Friday’s trade, Ventas, Inc. (NYSE:VTR)‘s shares surged 0.61% to $67.40.
Ventas, Inc., Equity Group Investments (“EGI”), and Ardent Health Services (“AHS”) recently declared the completion of their formerly stated transactions. Ventas has accomplished its acquisition of AHS, and an EGI associate has accomplished its majority investment in a newly capitalized hospital operating company, which will continue to be branded “Ardent.” The transactions were declared on April 6, 2015 and July 7, 2015, respectively.
At closing, Ventas separated AHS’ owned real estate from its hospital operations, folding the real estate into the Ventas portfolio, and spinning off AHS’ hospital operations into a separate entity, Ardent. Co presently, an EGI-controlled entity attained a majority stake in the operations company, while Ventas retained a 9.9 percent interest and AHS administration retained a noteworthy ownership stake.
Ventas, Inc. is a publicly owned real estate investment trust. The firm engages in investment, administration, financing, and leasing of properties in the healthcare industry. It invests in the real estate markets of the United States and Canada. The firm primarily invests in healthcare-related facilities counting hospitals, skilled nursing facilities, senior housing facilities, medical office buildings, and other healthcare related facilities..
Universal Display Corporation (NASDAQ:OLED), ended its Friday’s trading session with -7.01% loss, and closed at $41.53.
Universal Display Corporation ( OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, recently stated financial results for the second quarter ended June 30, 2015.
For the second quarter of 2015, the Company stated a net loss of $11.8 million, or $0.25 per diluted share, on revenues of $58.1 million, contrast to net income of $20.4 million, or $0.44 per diluted share, on revenues of $64.1 million for the second quarter of 2014. The 2015 net loss reflected a $33.0 million write-down of inventory, primarily of an existing host material and associated work-in-process, resulting from a customer’s faster-than-predictable reduction in demand for this material. Not taking into account this item and its associated $1.9 million reduction of income tax expense, non-GAAP net income was $19.4 million, or $0.41 per diluted share (see “reconciliation of non-GAAP Measures” below for further talk about of these non-GAAP measures).
Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in flat panel displays and solid-state lighting applications. It owns, exclusively licenses, or has the sole right to sublicense about 3,500 patents issued and pending worldwide.
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