Hammarby Studios/E+ via Getty Images Alexander’s (NYSE:ALX) has maintained its dividend through the chaos of the last few years, recently declaring a quarterly cash dividend of $4.50 per share for an 8.8% dividend yield. This yield sits significantly above ALX’s 5-year average yield of 4.83% with the New York City-focused REIT currently trading hands for…
Sundry Photography Introduction Grand City Properties (OTCPK:GRNNF), or GCP for short, recently suspended its 2023 dividend. As per the press release: “The decision was taken as market uncertainties remain elevated and visibility on the full impact on leverage, transaction markets, valuation as well as on the cost of financing remain limited. GCP’s management believes that…
Canadian Pacific Kansas City Limited (NYSE:CP) Q4 2023 Earnings Conference Call January 30, 2024 4:30 PM ET Company Participants Chris de Bruyn – VP, Capital Markets and Treasurer Keith Creel – President and CEO Mark Redd – EVP and COO John Brooks – EVP and CMO Nadeem Velani – EVP and CFO Conference Call Participants…
csfotoimages/iStock Editorial via Getty Images The sustained collapse of equity office REITs since 2022 has likely opened up some opportunities to acquire highly distressed assets with decent underlying fundamentals despite the bleak backdrop posed by the tripartite of high interest rates, work-from-home trends, and the specter of a recession. City Office REIT (NYSE:CIO) is down…
YANG WANG/iStock via Getty Images Earlier this year (June 2023), I wrote an article on City Office REIT (CIO) and City Office REIT, Inc. RED PFD SER A (CIO.PA) recommending avoiding the common equity exposure and instead highlighting the value potential that lies within the preferred shares. Ycharts Since then CIO’s stock has experienced a…
Polygon will help Lugano achieve its goals by providing rails to facilitate some of the transactions. Lugano, one of the most popular tourist destinations in Switzerland, has embraced the Polygon network, a Layer 2 scaling solution built on the Ethereum ecosystem to accelerate its crypto evolution. In an announcement on November 22, Polygon said the…
Even though social finance ideas are not new, Tomo and other platforms are looking to diversify the services made popular by FriendTech. The total value locked (TVL) in each of the smart contracts of social media-based finance protocols Tomo and New Bitcoin City is now over $1 million. That is according to current data from…
A large chunk of OKX’s $25-$50 million annual advertising budget goes towards its sports deals. Crypto exchange OKX wants its deals with Formula 1 team McLaren and UEFA Champions League-winning team Manchester City to last a decade. The company reportedly spends $25-$50 million per year in its sponsorship deals with the two sports teams. OKX’s…
shaunl A Quick Take On Park City Group Park City Group (NASDAQ:PCYG) provides various supply chain software functionalities to businesses worldwide. I previously wrote about Park City with a Hold outlook. While the company appears to have the makings of improving operating leverage, management will need to do more to reignite revenue growth despite the…
Receive free War in Ukraine updates We’ll send you a myFT Daily Digest email rounding up the latest War in Ukraine news every morning. An explosion rocked Russia’s southern port city of Taganrog, injuring several people and causing damage on a scale Russians are unaccustomed to seeing at home 18 months into its full-blown invasion…