Brookfield Asset Management Inc. (BAM/A), the Toronto-based investment firm that manages about $150 billion, said third-quarter profit more than doubled on gains in power generation and commercial-property leasing.
Net income attributable to shareholders rose to $253 million, or 36 cents a share, from $112 million, or 16 cents, a year earlier. Cash flow from operations fell 32 percent to $241 million, the company said today in a statement.
Brookfield, led by Chief Executive Officer Bruce Flatt, focuses on property, infrastructure and renewable power and has sought to buy assets from troubled European companies. The firm raised $6.1 billion in capital in the quarter.
ww.bloomberg.com/news/2011-11-11/brookfield-quarterly-profit-doubles-on-power-generation-gains.html
Showing posts with label Profit. Show all posts
Showing posts with label Profit. Show all posts
Friday, November 11, 2011
Wednesday, March 30, 2011
Family Dollar's Profit Rises 23%
Family Dollar Stores Inc., which posted a 23% rise in fiscal fourth-quarter profit Wednesday, said low-income shoppers are being joined by middle-class consumers in the discount chain's aisles.
A Family Dollar shopper in Charlotte, N.C. The chain plans to renovate at least 600 stores.
.The company said customers are still struggling financially and continue to seek bargains in apparel, pantry staples and other items. Family Dollar also said it plans to accelerate new-store growth and begin a store-renovation program.
"More middle-ish income consumers are starting to shop with us," Howard Levine, the company's chairman and chief executive, said during a conference call. "We think that we have a great opportunity here to try to get some stickiness to that customer."
Shares in Family Dollar rose 1.6% to $44.05 at 4 p.m. Wednesday in composite trading on the New York Stock Exchange. The company's stock is up 60% so far this year.
online.wsj.com
A Family Dollar shopper in Charlotte, N.C. The chain plans to renovate at least 600 stores.
.The company said customers are still struggling financially and continue to seek bargains in apparel, pantry staples and other items. Family Dollar also said it plans to accelerate new-store growth and begin a store-renovation program.
"More middle-ish income consumers are starting to shop with us," Howard Levine, the company's chairman and chief executive, said during a conference call. "We think that we have a great opportunity here to try to get some stickiness to that customer."
Shares in Family Dollar rose 1.6% to $44.05 at 4 p.m. Wednesday in composite trading on the New York Stock Exchange. The company's stock is up 60% so far this year.
online.wsj.com
Thursday, February 10, 2011
Whole Foods Rises After Boosting Annual Profit, Sales Goals
Whole Foods Market Inc., the largest U.S. natural-goods grocer, surged the most in more than three months after raising its annual forecasts, buoyed by freer- spending consumers prepared to pay for healthy food.
Earnings will be as much as $1.80 a share in 2011, the company said yesterday after markets closed. That compared with a previous target of as much as $1.71. The Austin, Texas-based grocer also raised its sales growth forecasts for the year, citing increasing consumer confidence.
www.bloomberg.com
Earnings will be as much as $1.80 a share in 2011, the company said yesterday after markets closed. That compared with a previous target of as much as $1.71. The Austin, Texas-based grocer also raised its sales growth forecasts for the year, citing increasing consumer confidence.
www.bloomberg.com
Wednesday, February 9, 2011
North Valley Bancorp posts 4Q profit
REDDING, Calif. (AP) — Bank holding company North Valley Bancorp said Tuesday it posted a fourth-quarter profit because it did not have to set aside millions for loan losses and impairment charges.
The company reported net income of $2.3 million, or 33 cents per share, compared with a loss of $19.3 million, or $12.90 per share a year ago.
Analysts surveyed by FactSet expected a loss of 20 cents per share.
The Redding-based parent company for North Valley Bank did not record a provision for loan and lease losses in the fourth quarter ended Dec. 31. A year ago, the provision was $9 million.
It also had a $15.2 million impairment of goodwill charge in the year-ago quarter, but none in the current quarter.
www.bloomberg.com
The company reported net income of $2.3 million, or 33 cents per share, compared with a loss of $19.3 million, or $12.90 per share a year ago.
Analysts surveyed by FactSet expected a loss of 20 cents per share.
The Redding-based parent company for North Valley Bank did not record a provision for loan and lease losses in the fourth quarter ended Dec. 31. A year ago, the provision was $9 million.
It also had a $15.2 million impairment of goodwill charge in the year-ago quarter, but none in the current quarter.
www.bloomberg.com
Monday, January 24, 2011
McDonald's Profit Rises 2.1%
McDonald's Profit Rises 2.1%
McDonald’s Corp., the world’s biggest restaurant chain, reported a 2.1 percent gain in fourth- quarter profit as new menu items attracted diners, offsetting slower-than-estimated December sales because of snowstorms.
Net income rose to $1.24 billion, or $1.16 a share, the Oak Brook, Illinois-based company said today in a statement. In the U.S., same-store sales advanced 2.6 percent last month, compared with a 4 percent average of five analysts’ estimates compiled by Bloomberg. MCDONALDS
AVERAGE PROPERTY AND LEASE
Price Range
$500,000 - $2.5M
CAP Rate (6 month avg)
5.65%
NOI
$65,000
$/sf
$305.00
Building Size
4,000 sf
Lot Size
1.10 +/- acres
Lease Term
20 Year Ground Lease
Escalations
10% Every 5 years
CREDIT RATING
A3 A
Moody's
RECENT SALES
Whitman, MA
$1,220,000 | 5.74%
Cape Coral, FL
$1,067,000 | 5.62%
MCDONALDS TREND
CAP Rate
2009 avg. 5.74%
2010 avg. 5.81%
McDonald's, with its "golden arches" and Dollar Menu, remains the dominant brand in the QSR space. With primary, secondary, and tertiary market locations, McDonald's size and reach provide a strategic competitive advantage, as well as varying risk/return investment opportunities for net lease property buyers. Brand recognition, operating stability, and strong credit ratings reinforce McDonald's standing as a prime net lease investment property.
McDonald's Corporation (NYSE: MCD) is the world's largest chain of quick-service restaurants (QSR), serving nearly 47 million customers daily, with about 32,000 restaurants serving burgers and fries in about 120 countries. McDonald's Corporation franchises and operates McDonald's restaurants that serve a varied, limited, value-priced menu in more than 100 countries globally.
McDonald’s Corp., the world’s biggest restaurant chain, reported a 2.1 percent gain in fourth- quarter profit as new menu items attracted diners, offsetting slower-than-estimated December sales because of snowstorms.
Net income rose to $1.24 billion, or $1.16 a share, the Oak Brook, Illinois-based company said today in a statement. In the U.S., same-store sales advanced 2.6 percent last month, compared with a 4 percent average of five analysts’ estimates compiled by Bloomberg. MCDONALDS
AVERAGE PROPERTY AND LEASE
Price Range
$500,000 - $2.5M
CAP Rate (6 month avg)
5.65%
NOI
$65,000
$/sf
$305.00
Building Size
4,000 sf
Lot Size
1.10 +/- acres
Lease Term
20 Year Ground Lease
Escalations
10% Every 5 years
CREDIT RATING
A3 A
Moody's
RECENT SALES
Whitman, MA
$1,220,000 | 5.74%
Cape Coral, FL
$1,067,000 | 5.62%
MCDONALDS TREND
CAP Rate
2009 avg. 5.74%
2010 avg. 5.81%
McDonald's, with its "golden arches" and Dollar Menu, remains the dominant brand in the QSR space. With primary, secondary, and tertiary market locations, McDonald's size and reach provide a strategic competitive advantage, as well as varying risk/return investment opportunities for net lease property buyers. Brand recognition, operating stability, and strong credit ratings reinforce McDonald's standing as a prime net lease investment property.
McDonald's Corporation (NYSE: MCD) is the world's largest chain of quick-service restaurants (QSR), serving nearly 47 million customers daily, with about 32,000 restaurants serving burgers and fries in about 120 countries. McDonald's Corporation franchises and operates McDonald's restaurants that serve a varied, limited, value-priced menu in more than 100 countries globally.
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