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Zacks News
Equinix Expands Alibaba Cloud's Accessibility in 17 Markets
by Zacks Equity Research
Deepening relation with Alibaba Cloud, Equinix (EQIX) extends the cloud's reach in 17 metros. Alibaba Cloud's API integration with ECX Fabric will provide seamless private connections to enterprises.
Realty Income Prices 3.25% Senior Notes of $350M at 108.241%
by Zacks Equity Research
Realty Income (O) to boost liquidity by using net proceeds from notes offering to repay outstanding balance under its $3-billion revolving credit facility.
Simon Taps Debt Market to Raise $2B on Senior Notes Sale
by Zacks Equity Research
Amid a low interest-rate environment, Simon (SPG) boosts liquidity and addresses near-term debt maturities with three series of senior notes sale.
Alexandria Prices Public Offering Related to Forward Sale Deal
by Zacks Equity Research
Alexandria's (ARE) pricing of upsized public offering of 6 million shares of common stock related to forward sale agreements comes as part of its effort to boost financial flexibility.
Realty Income Collects 85.4% of Q2 Rents, Boosts Liquidity
by Zacks Equity Research
Realty Income (O) collects 85.7% of second-quarter contractual rents across its total portfolio. Its liquidity as of Jul 1 stands at $2.7 billion.
SL Green & Its JV Partner to Sell Residential Asset for $62M
by Zacks Equity Research
SL Green (SLG) will receive around $20 million from the sale of the 16-story residential building, 400 East 58th Street.
Host Hotels Obtains Covenant Waivers, Enhances Liquidity
by Zacks Equity Research
Host Hotels (HST) receives waivers of financial covenants to ease compliance through second-quarter 2021. Yet, the amendment will increase its total interest expenses by $0.8 million per month.
RLJ Lodging Obtains Covenant Waivers, Details Hotel Reopenings
by Zacks Equity Research
Other than staying in compliance with financial covenants, the amendment provides RLJ Lodging (RLJ) with the flexibility to pursue strategic initiatives.
Is it Wise to Hold On to Mid-America Apartment (MAA) Now?
by Zacks Equity Research
Though Mid-America Apartment (MAA) is anticipated to benefit from a diversified portfolio across the Sunbelt region, macroeconomic uncertainties rising from the coronavirus crisis are concerns.
Equinix Unveils New Data Center in Dallas Infomart Campus
by Zacks Equity Research
Leveraging on the demand for connectivity and interconnection in Dallas, Equinix (EQIX) expands the Dallas Infomart Data Center campus with a $142-milion IBX data center.
Medical Properties (MPW) June Rent Collections Total 96%
by Zacks Equity Research
Medical Properties' (MPW) June rent collections are in line with the previous two months. It finishes a lease agreement with Circle Health and begins to recognize additional straight-line rent on Jun 16.
Top Wall Street Stories of 1H Worth Watching in 2H
by Sweta Killa
Below we discuss some of the events that dominated the headlines in 1H and are worth watching in the second half too.
SL Green (SLG) Secures $510M Mortgage on 220 East 42nd Street
by Zacks Equity Research
SL Green (SLG) boosts liquidity with a new $510-million mortgage loan. Proceeds have been used to repay its unsecured revolving credit facility.
Iron Mountain Rolls Out InSight on Google Cloud Marketplace
by Zacks Equity Research
Iron Mountain (IRM) launches content services platform Iron Mountain InSight on Google Cloud Marketplace. This will likely accelerate enterprises' digital journey and reduce AI and ML complexities.
Duke Realty Prices $350M Senior Notes Offering at 99.072%
by Zacks Equity Research
Duke Realty (DRE) will use net proceeds from the notes offering to repurchase its 3.875% senior notes due 2022.
Innovative Industrial Raises Funding for Pennsylvania Asset
by Zacks Equity Research
Expansion of funding for a Pennsylvania property with Green Leaf arm to help Innovative Industrial Properties (IIPR) gain traction from favorable trends and drive its top line.
Host Hotels (HST) Suspends Q2 Dividend to Preserve Liquidity
by Zacks Equity Research
Host Hotels' (HST) second-quarter dividend suspension will preserve around $140 million of cash during the April-June period.
Saul Centers Updates on Rent Collection, Approves Dividend
by Zacks Equity Research
Saul Centers' (BFS) rent-collection update reflects benefits from its portfolio's tenant diversification.
Here's Why it is Wise to Hold OUTFRONT Media (OUT) Stock Now
by Zacks Equity Research
Outfront Media's (OUT) rapid adoption of technology gives it a strong footing. However, the company's cash flows is likely to see a dent due to reduced advertising spends in the near term.
Tanger Notes High Footfall at Its Centers, Improves Liquidity
by Zacks Equity Research
Tanger (SKT) enjoys high foot traffic at its centers as non-essential retail reopen amid relaxed government mandates. The company also secures amendments to its debt agreements.
VEREIT Updates on Rent Collection for June & Balance Sheet
by Zacks Equity Research
VEREIT's (VER) rent-collection update reflects benefits from its portfolio's geographic, property type and industry diversification, investment-grade tenancy and public versus private ownership.
Iron Mountain Upsizes Notes Offering to $2.4M, To Repay Debt
by Zacks Equity Research
Amid a low interest-rate environment, Iron Mountain (IRM) taps the debt market with three series of notes offerings. It intends to address intermediate debt maturities from net proceeds.
Essex Property (ESS) Prices $150M of 2.650% Senior Notes
by Zacks Equity Research
Essex Property (ESS) resorts to debt financing to repay outstanding borrowings under its $1.2-billion unsecured credit facility.
Here's Why You Should Hold Essex Property Stock Right Now
by Zacks Equity Research
Essex Property (ESS) poised to gain from a solid portfolio in West Coast and healthy balance sheet, though the pandemic's impact on demand and tenants' rent-paying capability is a concern.
NHI's Rent Receipts Strong, Senior Housing Occupancy Falls
by Zacks Equity Research
National Health Investors (NHI) collects 99.4% of rent in June to date. Yet, the declining occupancy trend at its seniors housing portfolio from March to May is concerning.