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Cushman & Wakefield Announces New Leadership for National Industrial Advisory Group
Businesswire· 2026-02-02 15:00
host a conference call following the release at 9:00 a.m. ET on Thursday, February 19, 2026, to discuss the financial results. The conference call can be accessed as follows: Dial in to 1-833-821-5374 (domestic) or 1- 412-652-1260 (international), or click here (link will be activated 15 m...[Back to Newsroom] Cushman & Wakefield Announces New Leadership for National Industrial Advisory GroupFeb 2, 2026 10:00 AM Eastern Standard Time# Cushman & Wakefield Announces New Leadership for National Industrial Advi ...
CP Group Secures Global Headquarters Relocation of Quantum Computing Pioneer D-Wave to Its Boca Raton Innovation Campus (BRiC)
Businesswire· 2026-01-28 20:00
CP Group Secures Global Headquarters Relocation of Quantum Computing Pioneer D-Wave to Its Boca Raton Innovation Campus (BRiC)Jan 28, 2026 3:00 PM Eastern Standard Time# CP Group Secures Global Headquarters Relocation of Quantum Computing Pioneer D-Wave to Its Boca Raton Innovation Campus (BRiC)Share---BOCA RATON, Fla.--([BUSINESS WIRE])--CP Group, an owner-operator of office properties across the Sunbelt, along with [DRA Advisors], today announced it has signed a landmark lease agreement with D-Wave Quantu ...
Orion Properties Inc. Announces Tax Treatment of 2025 Dividends
Businesswire· 2026-01-27 21:10
Core Viewpoint - Orion Properties Inc. has announced the income tax classification of its 2025 dividends for common stock, providing detailed information on ordinary dividends, capital gain distributions, and non-dividend distributions [1] Dividend Classification - The dividends for 2025 are classified as follows: - December 31, 2024: $0.10 per share as ordinary dividends - March 31, 2025: $0.02 per share as ordinary dividends - June 30, 2025: $0.02 per share as ordinary dividends - September 30, 2025: $0.02 per share as ordinary dividends - No capital gain distributions or non-dividend distributions are reported for these dates [1] Company Overview - Orion Properties Inc. is a fully-integrated real estate investment trust (REIT) that owns a diversified portfolio of single-tenant net lease office properties across the United States - The company was founded on July 1, 2021, and spun off from Realty Income on November 12, 2021, beginning trading on the New York Stock Exchange on November 15, 2021 - The portfolio includes traditional office properties, governmental, medical office, flex/laboratory, R&D, and flex/industrial properties [1]
Boise Cascade Announces CEO Transition
Businesswire· 2025-12-04 21:10
Leadership Transition - Nate Jorgensen, the current CEO of Boise Cascade, will retire on March 2, 2026, and Jeff Strom, the Chief Operating Officer, has been appointed as his successor effective March 3, 2026 [1][2] - The transition is part of a planned succession strategy to ensure stability and continued momentum in the company's operations [2] Leadership Background - Nate Jorgensen has led Boise Cascade for six years, guiding the company through significant challenges, including a global pandemic [2] - Jeff Strom has over 34 years of experience in the building materials industry and has been with Boise Cascade since 2006, holding various leadership roles [2] Company Overview - Boise Cascade is one of the largest producers of engineered wood products and plywood in North America and a leading wholesale distributor of building products in the U.S. [3] - The company reported revenues of $6.7 billion and a net income of $376 million for the year 2024 [5][11]
Ares Management Introduces Marq to Further Unify its Global Logistics Platform Within its Real Estate Business
Businesswire· 2025-12-01 11:00
Core Insights - Ares Management Corporation has launched a new brand, Marq Logistics, to unify its global logistics real estate platforms, managing over 600 million square feet of facilities across the Americas, Europe, and APAC [1][5]. Group 1: Brand and Platform Consolidation - Marq combines Ares' logistics real estate platforms in North America and Europe, including Ares Industrial Management, with the global GLP logistics platform outside of China [2]. - The consolidation follows Ares' acquisition of GLP Capital Partners Limited's international business, which was completed in March 2025 [2]. Group 2: Strategic Goals and Operations - Marq aims to deliver global scale and local operational excellence to logistics tenants, positioning itself as a landlord of choice [3][4]. - The brand is focused on providing best-in-class solutions and a consistent experience for tenants globally [3][5]. Group 3: Company Overview - Ares Management Corporation manages approximately $110 billion in assets as of September 30, 2025, and has a global platform with over $595 billion in assets under management [4][6]. - The company operates across various asset classes, including credit, real estate, private equity, and infrastructure [6].
SmartStop Self Storage REIT, Inc. Grows Presence in Orlando MSA With Acquisition of Winter Garden Facility
Businesswire· 2025-11-26 21:30
Core Insights - SmartStop Self Storage REIT, Inc. has acquired a self-storage facility in Winter Garden, Florida, expanding its presence in the Orlando market [1][3] - The facility features approximately 72,100 net rentable square feet and 515 storage units, including climate-controlled and non-climate-controlled options [1] - The acquisition aligns with SmartStop's growth strategy, targeting high-growth areas with strong demographics and significant residential expansion [4] Acquisition Details - The newly acquired facility is located 15 miles west of downtown Orlando, benefiting from high visibility with around 7,900 vehicles passing daily [2] - The surrounding area has a strong median household income and is projected to experience an 8.4% population growth over the next five years [2] - A nearby residential development is expected to add over 42,000 new housing units, further enhancing the market potential [2] Strategic Importance - This acquisition marks SmartStop's fifth location in the Orlando market, reinforcing its footprint in central Florida [3] - The facility will serve several neighborhoods, including Hamlin, Independence, and Horizon West, which are experiencing rapid growth [3] - The President and Chief Investment Officer of SmartStop emphasized the long-term value of the property due to its demographics and ongoing residential expansion [4] Company Overview - SmartStop Self Storage REIT, Inc. is a self-managed real estate investment trust with over 1,000 self-storage professionals [4] - As of November 26, 2025, SmartStop has a portfolio of more than 460 operating properties across 34 states, Washington D.C., and Canada, totaling over 270,000 units and 35 million rentable square feet [4]
SITE Centers Announces Sale of Paradise Village Gateway
Businesswire· 2025-11-20 23:29
Core Points - SITE Centers Corp. announced the sale of Paradise Village Gateway in Phoenix, AZ for $28.5 million, excluding closing costs and adjustments [1] - A portion of the net proceeds from the sale was utilized to repay $24.3 million of mortgage debt [1] Company Overview - SITE Centers Corp. is an owner and manager of open-air shopping centers, operating as a self-administered and self-managed REIT [2] - The company is publicly traded on the New York Stock Exchange under the ticker symbol SITC [2]
Ferguson to Issue Results for the Quarter Ended October 31, 2025 And Host Conference Call on December 9, 2025
Businesswire· 2025-11-20 11:45
Core Points - Ferguson Enterprises Inc. will release its financial results for the quarter ended October 31, 2025, on December 9, 2025 [1][5] - The results will be available on Ferguson's corporate website at 6:45 a.m. ET/11:45 a.m. GMT [1][5] - A conference call and webcast for analysts and investors will take place on the same day at 8:30 a.m. ET/1:30 p.m. GMT [2][5] Company Overview - Ferguson is the largest value-added distributor in the North American construction market, which is valued at $340 billion [3] - The company reported sales of $30.8 billion for FY'25 and employs approximately 35,000 associates across over 1,700 locations [3]
Griffon Corporation Announces Annual and Fourth Quarter Results
Businesswire· 2025-11-19 12:32
Core Insights - Griffon Corporation reported a fiscal 2025 revenue of $2.5 billion, a 4% decrease from $2.6 billion in the previous year [1] - The company experienced a significant decline in net income, totaling $51.1 million or $1.09 per share, compared to $209.9 million or $4.23 per share in the prior year [2] - Adjusted net income for fiscal 2025 was $263.6 million, or $5.65 per share, an increase from $254.2 million, or $5.12 per share, in the previous year [3] Financial Performance - Fiscal 2025 adjusted EBITDA was $522.3 million, a 2% increase from $513.6 million in the prior year [4] - Fourth quarter revenue was $662.2 million, slightly up from $659.7 million in the same quarter of the previous year [5] - Fourth quarter net income was $43.6 million, or $0.95 per share, down from $62.5 million, or $1.29 per share, in the prior year quarter [6] Segment Performance - Home and Building Products (HBP) revenue for 2025 was $1.6 billion, consistent with the prior year, with a 2% favorable price and mix offset by a 2% decrease in volume [10] - Consumer and Professional Products (CPP) revenue in 2025 was $0.9 billion, a decline of 10% compared to 2024, primarily due to a 12% decrease in volume driven by reduced consumer demand [12] - HBP adjusted EBITDA for 2025 was $494.6 million, a 1% decrease from the previous year, while CPP adjusted EBITDA increased by 18% to $85.5 million [13][10] Cash Flow and Shareholder Returns - The company generated $323 million in free cash flow during the year, which supported the repurchase of 1.9 million shares and regular quarterly dividends [8] - Griffon returned a total of $174 million to shareholders in 2025 through dividends and share repurchases [8] - A 22% increase in the regular quarterly dividend to $0.22 per share was announced, reflecting confidence in the company's strategic plan [9] Balance Sheet and Capital Expenditures - As of September 30, 2025, Griffon had cash and equivalents of $99 million and total debt outstanding of $1.41 billion, resulting in net debt of $1.31 billion [17] - The company reduced its debt by approximately $116 million during the year, improving leverage to 2.4x from 2.6x in the prior year [17] - Capital expenditures for the year were $34.4 million, including $18 million from asset sales [17] 2026 Outlook - For fiscal year 2026, Griffon expects revenue to remain at $2.5 billion and adjusted EBITDA in the range of $580 million to $600 million [20] - The company anticipates HBP and CPP revenue to be in line with 2025, with HBP EBITDA margin exceeding 30% and CPP around 10% [21]
Cemex US Appoints Will Price as Senior Vice President of Mergers & Acquisitions
Businesswire· 2025-11-18 16:15
Core Insights - Cemex US has appointed Will Price as Senior Vice President of Mergers & Acquisitions to lead strategic growth initiatives through targeted acquisitions and divestitures [1][2][3] Company Overview - Cemex is a global building materials company with a network in the U.S. that includes 8 cement plants, nearly 50 cement terminals, about 50 aggregate quarries, and over 280 ready-mix concrete plants [5] - The company has been recognized for its sustainability efforts, earning the U.S. EPA ENERGY STAR® Partner of the Year award consecutively since 2019 [5] Leadership and Experience - Will Price has over a decade of experience in strategy and business development, previously serving as Vice President of Corporate Development and Integration at a leading manufacturer of exterior building products, where he managed transactions totaling over $3 billion in enterprise value [2][3] - Price holds a Bachelor of Science in Aerospace Engineering and an MBA in Corporate Finance [3] Strategic Focus - Price emphasized the importance of identifying opportunities that align with Cemex's long-term strategy and deliver value to customers, employees, and communities [4]