VEREIT® Announces First Quarter 2021 Operating Results
Thursday, 6 May 2021, 12:15:00
PHOENIX , May 6, 2021 /PRNewswire/ — VEREIT, Inc. (NYSE: VER ) (“VEREIT” or the “Company”) announced today its operating results for the three months ending March 31, 2021. First Quarter 2021 Financial and Operating Highlights Net income of $120.7 million and net income per diluted share of $0.50 Achieved $0.80 AFFO per diluted share Rent collection of 99% Compared to last quarter, Total debt – as reported decreased from $5.9 billion to $5.6 billion ; Adjusted Principal Outstanding decreased from $6.1 billion to $5.8 billion ; Net Debt decreased from $5.6 billion to $5.5 billion ; and Net Debt to Normalized EBITDA decreased from 5.64x to 5.45x Redeemed $100.0 million of the Company's 6.7% Series F preferred stock which leaves approximately $373.0 million outstanding S&P Global Ratings upgraded the Company's corporate rating from ‘BBB-‘ to ‘BBB' with the Rating Outlook remaining at ‘Stable,' Moody's upgraded the Company's rating from ‘Baa3' to ‘Baa2' with the Rating Outlook remaining at ‘Stable' and Fitch Ratings affirmed the Company's rating of ‘BBB' with the Rating Outlook remaining at ‘Stable' Subsequent to the end of the quarter, the Company signed a definitive merger agreement with Realty Income Corporation.
What's Going On With VEREIT And Realty Income Today?
Thursday, 29 April 2021, 15:10:47
VEREIT Inc (NYSE: VER ) is moving higher in premarket trading Thursday after the company announced a merger with Realty Income Corp (NYSE: O ). What Happened: Realty Income and VEREIT announced that the two companies entered into a definitive merger agreement. Realty Income will acquire VEREIT in an all-stock transaction, creating a combined company with … Full story available on Benzinga.com
U.S. govt stops funding for late-stage study of Inovio's COVID-19 vaccine
Friday, 23 April 2021, 14:28:15
Inovio Pharmaceuticals (INO.O) said on Friday the U.S. government had stopped funding for a late-stage study testing its COVID-19 vaccine candidate, due to the increasing availability of authorized shots in the country.
Honeywell raises full-year outlook as profit beats on warehouse equipment demand
Friday, 23 April 2021, 13:05:49
Honeywell International (HON.N) raised its full-year sales and profit outlook as it posted a better-than-expected quarterly profit on Friday, helped by robust demand for its warehouse automation equipment from customers including Amazon.com Inc (AMZN.O).
Realty Income Announces First Quarter 2021 Earnings Release Date
Thursday, 8 April 2021, 22:05:00
SAN DIEGO , April 8, 2021 /PRNewswire/ — Realty Income Corporation ((Realty Income, NYSE: O ), The Monthly Dividend Company ® , today announced the company will release its operating results for the quarter ended March 31, 2021 after the market closes on May 3, 2021 . The company will host its conference call on May 4, 2021 at 11:30 a.m. PT to discuss the operating results. To access the conference call, dial (877) 701-6180 ( United States ) … Full story available on Benzinga.com
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