Apple Hospitality REIT (APLE)
The hotel-focused real estate investment trust recently announced its acquisition of two hotels in
Salt Lake City, as well as a property in Seattle.
The REIT bought the 175-room Courtyard by Marriott Salt Lake City Downtown for about $48.1
million, as well as the 159-room Hyatt House Salt Lake City/Downtown for around $34.3
million. It also spent $9.1 million to buy a 346-space parking garage that serves both hotels.
Also in October the company announced its purchase of the 146-room Residence Inn by Marriott
Seattle South/Renton for $55.5 million. The company now owns 223 hotels in 37 states.
The company also announced it is under contract to purchase three more hotels: the 192-room Embassy Suites by Hilton South Jordan Salt Lake City; an under-development 260-room Embassy Suites by Hilton in Madison, Wisconsin; and a yet-to-be-built 256-room Motto by Hilton in Nashville.
Atlantic Union Bankshares (AUB)
The bank released its third quarter earnings, reported net income of $51 million. That’s down from $55 million in the same period last year. Its total assets exceeded $20 billion during the quarter, ending at $20.7 billion as of Sept. 30. Click here for the full report.
Brink’s (BCO)
The armored car giant issued a brief statement that it was not in talks with NCR Corp. in regard to a possible transaction after press reports to the contrary.
CarMax (KMX)
The used car retailer reported $7.1 billion in net revenues for its second quarter of fiscal year 2024, which ended Aug. 31. The quarter’s net revenues were down 13% compared to the same period the prior year.
Dominion (D)
The power utility entered into a $2.3 billion, 364-day term loan and borrowed $1 billion in the aggregate under the facility, according to a news release. Dominion’s plan is to use the money to pay debt and for general purposes.
Dynex Capital (DX)
The mortgage REIT filed its quarterly earnings report for its third quarter 2023. The company
reported a net loss of $43.1 million for the period.
Medalist Diversified REIT (MDRR)
The commercial real estate-focused REIT released a letter to shareholders, which provides an update on the company’s activities. The letter can be viewed here.
The REIT’s board of directors recently voted to increase the size of the board to six directors from five members and appointed David Lunin to the board.
Medalist also announced last week that the board appointed Francis Kavanaugh as the company’s president, CEO and secretary on a permanent basis. Kavanaugh had been in those roles on an interim basis since the summer.
Performance Food Group (PFGC)
The Goochland-based foods distributor released its latest proxy statement, disclosing compensation packages paid last year to its top executives.
Chairman and CEO George Holm received a total pay package of $9.5 million. He received a base salary of $1.2 million, $6 million in stock awards and $2.3 million in other incentives.
Click here and see page 65 for the full compensation table.
The proxy also announced the date of the company’s annual shareholders meeting, to be held Nov. 30.
Apple Hospitality REIT (APLE)
The hotel-focused real estate investment trust recently announced its acquisition of two hotels in
Salt Lake City, as well as a property in Seattle.
The REIT bought the 175-room Courtyard by Marriott Salt Lake City Downtown for about $48.1
million, as well as the 159-room Hyatt House Salt Lake City/Downtown for around $34.3
million. It also spent $9.1 million to buy a 346-space parking garage that serves both hotels.
Also in October the company announced its purchase of the 146-room Residence Inn by Marriott
Seattle South/Renton for $55.5 million. The company now owns 223 hotels in 37 states.
The company also announced it is under contract to purchase three more hotels: the 192-room Embassy Suites by Hilton South Jordan Salt Lake City; an under-development 260-room Embassy Suites by Hilton in Madison, Wisconsin; and a yet-to-be-built 256-room Motto by Hilton in Nashville.
Atlantic Union Bankshares (AUB)
The bank released its third quarter earnings, reported net income of $51 million. That’s down from $55 million in the same period last year. Its total assets exceeded $20 billion during the quarter, ending at $20.7 billion as of Sept. 30. Click here for the full report.
Brink’s (BCO)
The armored car giant issued a brief statement that it was not in talks with NCR Corp. in regard to a possible transaction after press reports to the contrary.
CarMax (KMX)
The used car retailer reported $7.1 billion in net revenues for its second quarter of fiscal year 2024, which ended Aug. 31. The quarter’s net revenues were down 13% compared to the same period the prior year.
Dominion (D)
The power utility entered into a $2.3 billion, 364-day term loan and borrowed $1 billion in the aggregate under the facility, according to a news release. Dominion’s plan is to use the money to pay debt and for general purposes.
Dynex Capital (DX)
The mortgage REIT filed its quarterly earnings report for its third quarter 2023. The company
reported a net loss of $43.1 million for the period.
Medalist Diversified REIT (MDRR)
The commercial real estate-focused REIT released a letter to shareholders, which provides an update on the company’s activities. The letter can be viewed here.
The REIT’s board of directors recently voted to increase the size of the board to six directors from five members and appointed David Lunin to the board.
Medalist also announced last week that the board appointed Francis Kavanaugh as the company’s president, CEO and secretary on a permanent basis. Kavanaugh had been in those roles on an interim basis since the summer.
Performance Food Group (PFGC)
The Goochland-based foods distributor released its latest proxy statement, disclosing compensation packages paid last year to its top executives.
Chairman and CEO George Holm received a total pay package of $9.5 million. He received a base salary of $1.2 million, $6 million in stock awards and $2.3 million in other incentives.
Click here and see page 65 for the full compensation table.
The proxy also announced the date of the company’s annual shareholders meeting, to be held Nov. 30.