Company Overview - Tesonet, founded in 2008 by Tomas Okmanas and Eimantas Sabaliauskas, has grown into one of the largest business accelerators and investors in the Baltic States [1] - The company houses globally recognized companies such as Nord Security, Surfshark, Oxylabs, and Hostinger [1] - Tesonet supports, funds, and scales businesses globally with over 3,300 in-house talents and a fully developed infrastructure [5] - Since 2018, Tesonet has invested in successful ventures like CAST AI, Eneba, BC Žalgiris, Šiaulių bankas, Turing College, Zapp, BC London Lions, and PartiQlar [5] Leadership and Strategic Focus - Eglė Eidimtaitė, Head of Investment at Tesonet, is responsible for shaping the company's strategic orientation [4] - She serves on the Board of Practica Capital, an early-stage venture capital firm supporting creators from the Baltics [4] - Eglė Eidimtaitė is focused on four key areas: companies established by Tesonet, startups with strategic investments, startups with minority venture capital interest, and investment funds [11] Industry Impact and Partnerships - Eglė Eidimtaitė has become the first Lithuanian to join PayPal's Customer Advisory Board, which includes representatives from globally renowned enterprises like Booking, LVMH, Spotify, Adidas, and HelloFresh [2][9] - The Customer Advisory Board facilitates the development of personalized solutions, upgrades products, and improves customer experience [2] - Having a representative on PayPal's Customer Advisory Board brings new opportunities for Tesonet and its ecosystem companies to develop global solutions and deploy innovations [6] - The board's structure includes regional and global forums, with a rotating composition every 18–24 months to ensure a comprehensive and fresh perspective [7] Strategic Benefits - The direct connection with PayPal will help Tesonet meet its needs faster, implement new solutions, and make optimal use of PayPal's technologies [3] - This partnership opens the door for stronger collaborations, smoother process management, and faster growth for Tesonet's portfolio companies [3] - PayPal's Customer Advisory Board, led by Dr Tiffany Knight Raymond, advises companies on ecommerce strategy and ensures innovation and responsiveness to market needs [10]

Core Insights - The article emphasizes the effectiveness of combining a strong Zacks Rank with a high Value grade to identify value stocks that yield the best returns [1] Company Comparison - City Office REIT (CIO) holds a Value grade of A, while EastGroup Properties (EGP) has a Value grade of D, indicating that CIO is currently the superior value option due to its solid earnings outlook [2] - CIO has a Zacks Rank of 2 (Buy), whereas EGP has a Zacks Rank of 3 (Hold), suggesting that CIO has experienced a stronger improvement in its earnings outlook compared to EGP [4] Valuation Metrics - CIO's forward P/E ratio is 4.70, significantly lower than EGP's forward P/E of 19.34, indicating that CIO may be undervalued relative to EGP [6] - The PEG ratio for CIO is 0.78, while EGP's PEG ratio is 2.10, further supporting the notion that CIO is a more attractive value investment [6] - CIO's P/B ratio stands at 0.34, compared to EGP's P/B of 2.82, highlighting a substantial difference in market value relative to book value [7] Investment Considerations - Investors in the REIT and Equity Trust - Other sector may find CIO and EGP appealing, but CIO appears to be the more attractive option for value investors based on the discussed metrics [3]

Value investors, over the years, have preferred price-to-earnings ratio or P/E as a means to identify value stocks. However, in the case of loss-making companies that have a negative price-to-earnings ratio, the price-to-sales or P/S ratio is considered in determining their true value.However, the price-to-book ratio (P/B ratio), though used less often, is also an easy-to-use valuation tool for identifying low-priced stocks with great returns.The P/B ratio is calculated as below:P/B ratio = market capitaliz ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors rely on traditional forms of analysis on ke ...

Core Viewpoint - City Office REIT (CIO) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook driven by rising earnings estimates [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system emphasizes the correlation between changes in earnings estimates and stock price movements, with institutional investors heavily influencing this dynamic [4][6]. - An increase in earnings estimates typically leads to higher fair value calculations for stocks, prompting institutional buying or selling, which subsequently affects stock prices [4]. Company-Specific Insights - For City Office REIT, the upgrade reflects an improvement in its underlying business, which is expected to drive stock appreciation [5]. - The Zacks Consensus Estimate for City Office REIT indicates an expected earnings per share of $1.16 for the fiscal year ending December 2024, representing a year-over-year decline of 16.6% [8]. Zacks Rating System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7]. - The upgrade places City Office REIT in the top 5% of Zacks-covered stocks, suggesting a strong potential for near-term price increases [11].

CHICAGO, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Oil-Dri Corporation of America (NYSE: ODC) is proud to announce that Susan Kreh, the Company’s Chief Financial Officer and Chief Information Officer, has been named the recipient of the prestigious 2024 Financial Executives International (FEI) Chicago CFO of the Year Award. This award honors senior financial leaders who have made significant contributions to a business or non-profit in the Chicago area. Recipients are selected from a group of finalists, and awards ...

Investors interested in REIT and Equity Trust - Other stocks are likely familiar with City Office REIT (CIO) and Omega Healthcare Investors (OHI) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earning ...

Company Overview - City Office REIT owns a diversified portfolio of premier office properties in high-growth Sun Belt markets[4] - The portfolio comprises 56 buildings with 5567 thousands square feet of net rentable area[4] - The portfolio's in-place occupancy is 834% with a lease term remaining of 44 years[4] Financial Performance and Outlook - In Q3 2024, Core FFO per share was $027 and AFFO per share was $012[22] - The company completed a loan repayment on maturity of a $50 million term loan[22] - The full year 2024 Net Operating Income is expected to be between $1015 million and $1020 million[23] - The company projects Core FFO per Share for full year 2024 to be between $115 and $117[23] - The company anticipates December 31, 2024 Occupancy to be between 850% and 860%[23] Portfolio Strategy and Value Creation - CIO's 12 dispositions have generated $560 million of gains on sale[7, 15] - The company is investing in property upgrades and spec suites to optimally position the portfolio for leasing[7] - The company has inventory of 43000 SF of completed spec suites, with approximately 15000 SF under construction or planned for 2024[16]

City Office REIT, Inc. (NYSE:CIO) Q3 2024 Earnings Conference Call October 31, 2024 11:00 AM ET Company Participants Tony Maretic - Chief Financial Officer, Treasurer and Corporate Secretary Jamie Farrar - Chief Executive Officer Conference Call Participants Upal Rana - KeyBanc Capital Markets Barry Oxford - Colliers Craig Kucera - Lucid Capital Markets Operator Good morning. And welcome to the City Office REIT, Inc. Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen ...

City Office REIT (CIO) came out with quarterly funds from operations (FFO) of $0.27 per share, missing the Zacks Consensus Estimate of $0.28 per share. This compares to FFO of $0.34 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -3.57%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.30 per share when it actually produced FFO of $0.28, delivering a surprise of -6.67%.Over the last four qu ...