Shares of Gramercy Property Trust (NYSE:GPT) ended Friday session in green amid volatile trading. The shares closed up +0.12 points or 1.26% at $9.64 with 2,096,900 shares getting traded. Post opening the session at $9.61, the shares hit an intraday low of $9.60 and an intraday high of $9.86 and the price vacillated in this range throughout the day. The company has a market cap of $4.12 billion and the numbers of outstanding shares have been calculated to be 421.86 million shares.
Gramercy Property Trust (GPT) on August 31, 2016 announced that it closed two separate transactions to acquire single tenant industrial properties in the Chicago MSA aggregating $60.2 million.
Located in McCook, Illinois, the first transaction was a 147,923 square foot temperature controlled, food-grade facility constructed in 2012 and leased to one of the largest global suppliers to the food service industry.
The second transaction was a 238,423 square foot distribution center located in Hanover Park, Illinois, which is leased to an international provider of information technology hardware, software, cloud and related service solutions.
Aggregate year 1 net operating income of the properties will be approximately $4.0 million (6.6% initial cap rate; 6.9% annualized straight-line cap rate) with a weighted average remaining lease term at closing of 17.2 years.
Shares of The Western Union Company (NYSE:WU) ended Friday session in green amid volatile trading. The shares closed up +0.19 points or 0.89% at $21.61 with 2,233,878 shares getting traded. Post opening the session at $21.50, the shares hit an intraday low of $21.49 and an intraday high of $21.75 and the price vacillated in this range throughout the day. The company has a market cap of $10.63 billion and the numbers of outstanding shares have been calculated to be 487.73 million shares.
The Western Union Company (WU) on September 2, 2016 increased its support for the people of Italy struck by the earthquake by launching 0 Fee money transfers from Agent locations in most countries around the world for pick up at more than 450 Agent locations in affected areas of the provinces of Ascoli Piceno, Fermo, L’Aquila, Perugia, Rieti, Teramo and Terni. The 0 Fee option will be active for ten days from August 31st, to September 9th**. Consumers should be sure to indicate that they are sending support to loved one impacted by the earthquake.
Already 48 hours after the earthquake, the Western Union Foundation had committed US$50,000 to Save the Children to provide relief to the children affected. The company’s support to Italy is a part of a multi-faceted response from its retail Agent locations, Agents, employees, customers and other business partners to provide support for families and communities most affected by the earthquake in Italy.