Shares of Brixmor Property Group Inc (NYSE:BRX) ended Monday session in green amid volatile trading. The shares closed up +0.38 points or 1.31% at $28.96 with 1,266,076 shares getting traded. Post opening the session at $28.49, the shares hit an intraday low of $28.45 and an intraday high of $29.09 and the price vacillated in this range throughout the day. The company has a market cap of $8.77 billion and the numbers of outstanding shares have been calculated to be 301.10 million shares.
Brixmor Property Group Inc (BRX) announced that it will release its 2016 third quarter earnings on Monday, October 24, 2016 after the market close. Brixmor will host a teleconference on Tuesday, October 25, 2016 at 10:00 AM ET.
Event: Brixmor Property Group’s Third Quarter Earnings Results
When: 10:00 AM ET, Tuesday, October 25, 2016
Live Webcast: Brixmor 3Q16 Earnings Call under the Investors tab at www.brixmor.com
Dial #: 888.317.6003 (International:412.317.6061); Passcode: 2633815
A replay of the webcast will be available on the Brixmor website at www.brixmor.com. A replay of the call can be accessed until midnight ET on Wednesday, November 9, 2016 by dialing 877.344.7529 (International:412.317.0088); Passcode: 10091678.
Shares of Omega Healthcare Investors Inc (NYSE:OHI) ended Monday session in green amid volatile trading. The shares closed up +0.33 points or 0.91% at $36.48 with 1,283,308 shares getting traded. Post opening the session at $36.09, the shares hit an intraday low of $35.93 and an intraday high of $36.59 and the price vacillated in this range throughout the day. The company has a market cap of $7.08 billion and the numbers of outstanding shares have been calculated to be 193.44 million shares.
Omega Healthcare Investors Inc (OHI) on August 3, 2016 announced its results of operations for the three-month period ended June 30, 2016. The Company also reported for the three-month period ended June 30, 2016 Funds From Operations (“FFO”) of $172.3 million or $0.87 per common share, Funds Available For Distribution (“FAD”) of $154.0 million and net income of $113.2 million, or $0.57 per common share.
The $172.3 million of FFO for the second quarter of 2016 includes $3.7 million of non-cash stock-based compensation expense and $3.5 million of acquisition and merger related costs. These were offset by a $5.4 million prepayment penalty (cash received) related to early termination of mortgages and a $1.2 million recovery related to provisions for uncollectible mortgages, notes and straight-line receivables. FFO is presented in accordance with the guidelines for the calculation and reporting of FFO issued by the National Association of Real Estate Investment Trusts (“NAREIT”). Adjusted FFO was $0.87 per common share for the three-month period ended June 30, 2016. FFO, Adjusted FFO and FAD are non-GAAP financial measures. Adjusted FFO is calculated as FFO excluding the impact of certain non-cash items and certain items of revenue or expense, including, but not limited to: acquisition and merger related costs, interest refinancing costs, provisions for impairment, uncollectible mortgages and accounts receivable and stock-based compensation expense. For more information regarding FFO, Adjusted FFO and FAD, see the “Second Quarter 2016 Results – Funds From Operations” section.