During Monday’s current trade, Prologis, Inc. (NYSE:PLD)’s shares gained 0.40% to $43.05.
Prologis, stated results for the first quarter 2015.
Core funds from operations (Core FFO) per diluted share was $0.49 for the first quarter contrast with $0.43 for the same period in 2014.
Prologis ended the quarter with 95.9 percent occupancy in its operating portfolio, an raise of 140 basis points over the same period in 2014. In the first quarter, the company leased 39.2 million square feet (3.6 million square meters) in its combined operating and development portfolios, which comprises 3.9 million square feet (0.4 million square meters) of properties under development. Tenant retention was 86.3 percent.
Rent change on rollovers was positive, with GAAP rental rates on signed leases increasing 9.7 percent. In the U.S., GAAP rental rates on signed leases raised 15.1 percent.
During the first quarter, same store NOI for the owned and managed portfolio raised 3.5 percent on a GAAP basis and 3.9 percent on an adjusted cash basis. On a Prologis’ share basis, same store NOI raised 3.7 percent on a GAAP basis and 4.2 percent on an adjusted cash basis.
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.
During an afternoon trade, Kinder Morgan, Inc. (NYSE:KMI)’s shares declined -0.64% to $43.62, hitting its highest level today.
Today, Huntington Ingalls Industries (HII) declared it has accomplished discussions with Kinder Morgan Inc. (KMI) to explore the redevelopment of HII’s Avondale shipyard in Louisiana. Since April 2014, HII and Kinder Morgan have evaluated best-use opportunities for the facility, and have mutually decided not to move forward with a joint venture.
HII will continue to assess all alternatives for future use of the facility, to comprise selling the property, and will continue to work closely with the State of Louisiana and Louisiana Economic Development.
Huntington Ingalls Industries is America’s largest military shipbuilding company and a provider of manufacturing, engineering and administration services to the commercial and non-commercial energy, oil and gas markets. For more than a century, HII’s Newport News and Ingalls shipbuilding divisions in Virginia and Mississippi have built more ships in more ship classes than any other U.S. naval shipbuilder. Headquartered in Newport News, Virginia, HII employs about 38,000 people operating both domestically and internationally.
Kinder Morgan, Inc. operates as an energy infrastructure and energy company in North America. The company operates through Natural Gas Pipelines, CO2, Terminals, Products Pipelines, Kinder Morgan Canada, and Other segments.
Huntington Bancshares Incorporated (NASDAQ:HBAN), during its Monday’s current trading session gained 0.36%, to $11.15.
On April 14, Huntington Bank has been named the winner of the 2015 TNS Choice Award for Consumer Retail Banking in the Central Region of the U.S. This marks the third time Huntington has won the recognition and led the Central Region. TNS presented the award to Huntington for both attracting and retaining customers at rates better than any of the top 15 banks in the Central region. TNS also recognized Huntington as earning the highest overall customer satisfaction rating, and as having the most favorably regarded bank brand.
Huntington leads the Central Region, which comprises of the following 20 states: Alabama, Arkansas, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Michigan, Minnesota, Mississippi, Missouri, Nebraska, North Dakota, Ohio, Oklahoma, South Dakota, Tennessee, Texas and Wisconsin. Previous years won comprise 2012 and 2013.
Winners of the TNS Choice Award are determined by using data from TNS’s multi-client research programs. These results are determined using several different metrics, each providing an indication of how individual firms are performing vis-à-vis their competitors. The award goes to the one provider with the highest score.
Huntington has made noteworthy investments in its customers starting with its 2010 introduction of 24-Hour Grace® and Asterisk-Free Checking® account. It has also invested in making access to accounts faster and easier with investments in Huntington Mobile Deposit and Huntington Quick Balance.
Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company’s Retail and Business Banking segment offers financial products and services, counting checking accounts, savings accounts, money market accounts, certificates of deposit, consumer loans, and small business loans; and investments, insurance, interest rate risk protection, foreign exchange hedging, and treasury administration services.
Finally, Alpha Natural Resources, Inc. (NYSE:ANR), lost -7.36% Monday.
Alpha Natural Resources, declared that the Company has been notified by the New York Stock Exchange that its common stock does not presently satisfy one of the NYSE’s standards for continued listing and trading on the exchange. The NYSE requires that the average closing price of a listed company’s common stock be at least $1.00 per share over any period of 30 successive trading days. As of April 13, 2015, the average closing price per share of the Company’s common stock over the preceding 30 trading-day period was $0.99.
In response, as required by the NYSE’s rules, the Company plans to notify the NYSE of its intent to cure the deficiency and restore its compliance, and it will submit a plan outlining the actions it intends to take to do so. Under the NYSE’s rules, the Company has six months to regain compliance with the listing standards. The Company’s common stock will continue to be listed and traded on the NYSE during this period, subject to the Company’s compliance with other continued listing standards.
The deficiency does not affect the Company’s business operations or its Securities and Exchange Commission reporting requirements.
Alpha Natural Resources, Inc., together with its auxiliaries, engages in extracting, processing, and marketing steam and metallurgical coal in Kentucky, Pennsylvania, Virginia, West Virginia, and Wyoming.
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