Core Insights - City Office REIT, Inc. reported its financial results for the second quarter ended June 30, 2025, highlighting significant developments including a pending merger and property sales [1][4][18]. Financial Performance - Rental and other revenues for the quarter were $42.3 million, with a GAAP net loss attributable to common stockholders of approximately $107.2 million, or ($2.66) per fully diluted share [9][39]. - Core Funds from Operations (Core FFO) were approximately $11.8 million, or $0.28 per fully diluted share, while Adjusted Funds from Operations (AFFO) were approximately $3.0 million, or $0.07 per fully diluted share [9][40]. - Same Store Cash NOI increased by 1.8% for the three months ended June 30, 2025, compared to the same period in the prior year [5][41]. Portfolio Operations - The total portfolio as of June 30, 2025, contained 5.4 million net rentable square feet, with an occupancy rate of 82.5%, or 86.8% including signed leases not yet occupied [5][9]. - The company executed approximately 355,000 square feet of new and renewal leases during the quarter, with new leases having a weighted average lease term of 8.4 years at an effective annual rent of $31.45 per square foot [6][7]. Merger and Sale Transactions - The company entered into a definitive merger agreement with MCME Carell Holdings, LP, under which MCME Carell will acquire all issued and outstanding shares of City Office for $7.00 per share, representing a 26% premium to the closing share price prior to the announcement [4][18]. - The company also entered into a purchase and sale agreement to sell its properties in Phoenix, Arizona, for an aggregate sale price of $296.0 million, which is part of the conditions for the merger [3][12]. Capital Structure - As of June 30, 2025, the company had total principal outstanding debt of approximately $649.2 million, with 81.9% of the debt being fixed rate or effectively fixed due to interest rate swaps [10][11]. - The company declared a second quarter dividend of $0.10 per share of common stock, which was paid on July 24, 2025, but has resolved to suspend future common stock dividend payments through the expected close of the merger [9][16][14]. Outlook - In light of the pending merger, the company will no longer provide guidance nor affirm past guidance [18].

Core Insights - Verizon is opening a new headquarters at PENN 2 in Midtown Manhattan, reinforcing its commitment to New York City and its economic growth [2][3] - The new headquarters will house approximately 1,000 corporate employees and provide a collaborative environment [3][7] - Verizon has been a key player in New York City's connectivity and public safety for 25 years, with over 400 retail locations and a flagship store opening soon [3][7] Company Overview - Verizon generated revenues of $134.8 billion in 2024 and serves nearly all Fortune 500 companies [9] - The company is recognized as America's 'Most-Awarded Network for Quality' by J.D. Power and New York City's 1 'Best, Most Reliable and Fastest Network' by RootMetrics [7][9] Location and Facilities - The PENN 2 office will occupy over 195,000 square feet, including more than 25,000 square feet of outdoor space, and is strategically located above Penn Station [5][7] - The location offers direct access to 15 subway lines and various transit services, enhancing connectivity for employees [5][6] Community Engagement - Verizon has established partnerships with major sports teams in New York City, enhancing its presence in the local sports and entertainment landscape [4] - The company aims to create a vibrant workplace that reflects its culture and fosters collaboration among employees [3][6]

Dublin, Ireland and Rome, Italy, July 28, 2025 (GLOBE NEWSWIRE) -- Brera Holdings PLC ("Brera Holdings" or the "Company") (Nasdaq: BREA), an Ireland-based international holding company focused on expanding its global portfolio of men's and women's football clubs through a multi-club ownership ("MCO") strategy, the first to list on Nasdaq, recently became just the second MCO in Italy's Serie B League, alongside City Football Group Limited, majority owned by Abu Dhabi United Group. Brera owns SS Juve Stabia w ...

Core Viewpoint - City Office REIT, Inc. has entered into a definitive merger agreement with MCME Carell Holdings, under which MCME Carell will acquire all outstanding shares of City Office for $7.00 per share in cash, valuing the transaction at approximately $1.1 billion [1][2][3]. Transaction Details - The transaction price of $7.00 per share represents a 26% premium to City Office's closing share price on the NYSE prior to the announcement and a 39% premium to the volume weighted average share price over the previous 90 days [2]. - Holders of City Office's 6.625% Series A Cumulative Preferred Stock will receive $25.00 per share in cash, plus all accrued and unpaid distributions up to the date of transaction consummation [2]. - The transaction is expected to close in the fourth quarter of 2025, subject to customary closing conditions, including shareholder approval [4]. Company Actions - City Office will pay its previously announced second quarter dividend but has resolved to suspend future common stock dividend payments until the transaction closes [5]. - Upon completion of the transaction, City Office will become a private company, and its shares will no longer trade on the NYSE [6]. Company Background - City Office REIT is focused on acquiring, owning, and operating office properties primarily in Sun Belt markets, currently owning or controlling 5.4 million square feet of office properties [8][9]. - MCME Carell is affiliated with Elliott Investment Management and Morning Calm Management, managing approximately $72.7 billion in assets [10].

For Immediate Release July 22, 2025 For Further Information Contact: David L. Bumgarner, Executive Vice President and Chief Financial Officer (304) 769-1169 NEWS RELEASE City Holding Company Announces Record Quarterly Results Charleston, West Virginia – City Holding Company ("Company" or "City") (NASDAQ:CHCO), a $6.6 billion bank holding company headquartered in Charleston, West Virginia, today announced record quarterly net income of $33.4 million and diluted earnings of $2.29 per share for the quarter end ...

While City Holding has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? City Holding (CHCO) came out with quarterly earnings of $2.29 per share, beating the Zacks Consensus Estimate of $1.97 per share. This compares to earnings of $1.96 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +16.24%. A quarter ago, it was expected that this bank holding company for ...

Core Insights - The article discusses the current state of the gold market, highlighting significant price levels and net interest trends in the sector [1][2]. Group 1: Gold Market Overview - Gold prices are reported at 593.9 billion and 898.9 billion, indicating a notable interest in the commodity [1][2]. - The net interest in gold has shown fluctuations, reflecting changing investor sentiment and market dynamics [1][2]. Group 2: Author Background - The author, Ernest Hoffman, has over 15 years of experience in market reporting, specializing in crypto and market news [3]. - Hoffman has a background in journalism and has contributed to various media and educational organizations, enhancing the credibility of the insights provided [3].

Core Insights - The article discusses the current state of the gold market, highlighting significant price levels and net interest trends in the sector [1][2]. Group 1: Gold Market Overview - The gold price is reported at 593.9 billion, indicating a strong market presence [1]. - Another report indicates a gold price of 898.9 billion, suggesting fluctuations in market valuation [2]. - The net interest in gold is noted, reflecting investor sentiment and market dynamics [1][2]. Group 2: Author Background - The author, Ernest Hoffman, has over 15 years of experience in market reporting, specializing in crypto and market news [3]. - Hoffman has a background in establishing media services and producing economic news content, showcasing expertise in financial journalism [3].

Core Insights - Marriott International has signed a long-term agreement to develop 30 City Express by Marriott hotels in Northeast Brazil over the next 15 years, marking the brand's debut in the country with seven new hotels [1][3][5] - The new properties will contribute over 750 guest rooms across key growth destinations in Northeast Brazil, reinforcing Marriott's commitment to expanding access to quality accommodations in emerging markets [6][8] Company Expansion - The signing ceremony was attended by local government officials, representatives from FÁBRICA DE HOTÉIS, Marriott executives, and media, highlighting the collaborative effort in this expansion [2] - City Express by Marriott is experiencing rapid growth, now present in five countries with over 60 projects in the pipeline, indicating a strong impact in the midscale hospitality segment [4][10] Market Strategy - The brand's expansion aligns with Marriott's strategy to diversify its offerings and capture new customer segments, particularly in the affordable midscale segment [5][10] - The new hotels will cater to a diverse range of guests, including business professionals and leisure travelers, reflecting the economic and tourism growth in Brazil's Northeast region [8][9] Future Developments - Additional hotels are planned along the coastal area of Cabo de Santo Agostinho and other regions, with openings expected by 2029, further enhancing the brand's footprint in Brazil [9] - The first hotel in Ipojuca, Pernambuco, will open in the Suape Industrial Port Complex, a significant hub for economic development, with another property in Porto de Galinhas expected by 2028 [7][8]

Core Viewpoint - City View Green Holdings Inc. is set to acquire up to a 20% interest in Arkenyield, a digital asset yield platform, for a total investment of $575,000, reflecting its strategy to expand in the digital finance sector, particularly in stablecoins [1][2][10] Group 1: Acquisition Details - The acquisition will involve purchasing up to 20% of Arkenyield's issued and outstanding securities for $575,000, which will be paid through a mix of common shares and a convertible debenture [2][9] - The convertible debenture will have a five-year term and can be converted into common shares at a price of $0.05 per share [9] - The transaction is contingent upon City View completing its proposed change of business (COB) and fulfilling customary closing conditions, including due diligence [3][4] Group 2: Strategic Shift - City View is transitioning from a "cannabis issuer" to an "investment issuer," which is classified as a fundamental change under Canadian Securities Exchange (CSE) policy [2] - This strategic shift will require CSE and shareholder approval before the transaction can be finalized [11] Group 3: Arkenyield Overview - Arkenyield is a digital asset yield platform that focuses on generating returns from stablecoins, utilizing proprietary Concentrated Liquidity Market-Making (CLMM) strategies [7][10] - The platform aims to meet the growing institutional demand for stablecoin yield infrastructure, recognizing stablecoins as essential to global financial systems [7][10] Group 4: Future Plans - City View is considering integrating cryptocurrency into its treasury management, potentially allocating capital to digital assets, including stablecoins, to enhance stability and liquidity [5] - The company plans to engage Arkenyield for specialized treasury management services to navigate the digital asset landscape [5]