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National Storage: Q2 Earnings Snapshot

Published Wed, 12 Feb 2025 12:24:58 GMT

GREENWOOD VILLAGE, Colo. (AP) — GREENWOOD VILLAGE, Colo. (AP) — National Storage Affiliates (NSA) on Monday reported a key measure of profitability in its second quarter. The results missed Wall Street expectations.The real estate investment trust, based in Greenwood Village, Colorado, said it had funds from operations of $129.7 million, or 68 cents per share, in the period.The average estimate of four analysts surveyed by Zacks Investment Research was for funds from operations of 70 cents per share.Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.The company said it had net income of $24.3 million, or 28 cents per share.The real estate investment trust, based in Greenwood Village, Colorado, posted revenue of $215.5 million in the period.National Storage expects full-year funds from operations in the range of $2.63 to $2.69 per share._____This story was generated by Automated Insig...

Sabra: Q2 Earnings Snapshot

Published Wed, 12 Feb 2025 12:24:58 GMT

IRVINE, Calif. (AP) — IRVINE, Calif. (AP) — Sabra Healthcare REIT Inc. (SBRA) on Monday reported a key measure of profitability in its second quarter. The results met Wall Street expectations.The Irvine, California-based real estate investment trust said it had funds from operations of $78.3 million, or 34 cents per share, in the period.The average estimate of five analysts surveyed by Zacks Investment Research was for funds from operations of 34 cents per share.Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.The company said it had net income of $21.2 million, or 9 cents per share.The health care real estate investment trust, based in Irvine, California, posted revenue of $161.2 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $163.2 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap)...

Celanese: Q2 Earnings Snapshot

Published Wed, 12 Feb 2025 12:24:58 GMT

IRVING, Texas (AP) — IRVING, Texas (AP) — Celanese Corporation (CE) on Monday reported second-quarter net income of $220 million.On a per-share basis, the Irving, Texas-based company said it had net income of $2.01. Earnings, adjusted for one-time gains and costs, came to $2.17 per share.The results fell short of Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.46 per share.The chemical company posted revenue of $2.8 billion in the period, which also fell short of Street forecasts. Seven analysts surveyed by Zacks expected $2.84 billion.For the current quarter ending in September, Celanese expects its per-share earnings to range from $2 to $2.50.The company expects full-year earnings in the range of $9 to $10 per share.Celanese shares have increased 22% since the beginning of the year. In the final minutes of trading on Monday, shares hit $124.73, a rise of 13% in the last 12 months._____This story was gener...

Pebble Beach to cut pro-am field to 80 players over 2 courses in 2024 schedule

Published Wed, 12 Feb 2025 12:24:58 GMT

MEMPHIS, Tenn. (AP) — The AT&T Pebble Beach Pro-Am is cutting its field nearly in half and eliminating one of the three courses, part of the price to become a signature event with a $20 million purse in a revamped 2024 schedule the PGA Tour released Monday.Pebble Beach replaces the Phoenix Open as a signature event, which was expected. What it gave up was the 156-man field, each with a prominent amateur, playing Pebble Beach, Spyglass Hill and Monterey Peninsula over 54 holes before a cut to the final round.Next year Pebble Beach will have 80 players and 80 amateurs competing for 36 holes at Pebble Beach and Spyglass Hill, with only the pros advancing to the weekend at Pebble Beach.The signature events, with fields between 70 and 80 players, will not have a 36-hole cut except for the three player-hosted invitationals — the Genesis Invitational at Riviera (Tiger Woods), the Arnold Palmer Invitational at Bay Hill and the Memorial (Jack Nicklaus).Those will cut to the low 50 and ti...

21-and-up gun law blocked in federal court

Published Wed, 12 Feb 2025 12:24:58 GMT

DENVER (KDVR) — The new Colorado gun law that limits sales to people 21 and older is on hold.A federal judge ruled Monday in favor of a gun advocacy group, which asked the court to block the law. It took effect Monday, but the judge's ruling blocks the state from enforcing it. Proposed bill could ban seclusion rooms in Colorado schools Rocky Mountain Gun Owners argues the law is a Second Amendment violation. The group is already suing over the law, and on Thursday, they filed for a temporary restraining order.Named as plaintiffs are two Coloradans who are older than 18 but younger than 21 and who said they want to buy a gun for self-defense.Phillip A. Brimmer, chief judge for the U.S. District of Colorado, wrote the ruling. He said the plaintiffs showed evidence that the law violates their constitutional rights, and blocking the law "is in the public interest."This is a developing story. FOX31 is looking into the 44-page ruling and will update this story with more information.

'The brr is back': Farmers' Almanac releases winter forecast for Colorado

Published Wed, 12 Feb 2025 12:24:58 GMT

DENVER (KDVR) -- Winter is coming ... in a few months. The Farmers' Almanac released the winter 2024 extended weather forecast and it predicts a cooler winter than last year. The Farmers' Almanac projects an overall chillier winter than usual due to the indication of an El Niño, which is unusually high water temperatures off the Pacific Coast of South America, according to the Almanac. While southern states are expected to have unseasonably cold temperatures and more storms, in Colorado, the Almanac anticipates a cold winter with average snowfall. Soon, it will get dark before 8 p.m. Pinpoint Weather Meteorologist Travis Michels said El Niño won't change Colorado's winter, but the winter may be wetter than normal. While Michels expects the winter to be an average temperature, he predicts wetter conditions in the coming months due to the previous rain this year. According to Michels, Denver collected 17.7 inches of rain for the first half of the year. To put that into perspective, ...

Police searching for unlawful sexual contact suspect

Published Wed, 12 Feb 2025 12:24:58 GMT

DENVER (KDVR) -- The Denver Police Department is searching for a man accused of an unwanted or unsolicited sexual encounter that allegedly happened in mid-June. The alleged unlawful sexual contact that occurred in the 3500 block of WalnutStreet occurred at approximately 12:20 a.m. on June 17, police said. 5 new laws will expand medical accessibility The suspect is described as a white or Hispanic male who is approximately 5 feet, 9 inches tall and weighs about 170 pounds. He is 22 to 29 years old, police said. Anyone with information on this incident is asked to call Metro Denver Crime Stoppers at 720-913-STOP (7867).

$10K reward for info on escaped inmate

Published Wed, 12 Feb 2025 12:24:58 GMT

DENVER (KDVR) -- One of the four men who escaped jail late last month remains on the run, and now investigators are offering a reward for information that leads to his capture.Mark Fox and the three other men escaped Bent County Jail in late July, according to the U.S. Marshals Service. Two of the men were captured on Aug. 1 and the other died of a suspected drug overdose in Pueblo County. ‘The brr is back’: Farmers Almanac releases winter forecast for Colorado Fox, 46, is described as a bald, white man. He is 6 feet, 3 inches tall and weighs about 175 pounds, according to the Marshals Service. In addition to his escape, Fox's charges include conspiracy to commit crop insurance fraud, obstructing a federal criminal investigation, extortion by mail and more.Anyone with information as to his whereabouts should contact the U.S. Marshals at 1-877-WANTED2 or submit information via the USMS Tips App. 

Police find bricks of cocaine at Florida Keys

Published Wed, 12 Feb 2025 12:24:58 GMT

A drug discovery was made in the Florida Keys.According to police, anglers ended up catching cocaine.The drug bricks were found floating in the ocean early Monday morning near Islamorada.The discovery was reported to Marine Patrol.U.S. Border Patrol is now in custody of the drugs.

Trump lawyers say proposed protective order is too broad, urge judge to impose more limited rules

Published Wed, 12 Feb 2025 12:24:58 GMT

Donald Trump’s legal team on Monday urged the judge overseeing the election conspiracy case against the former president to reject prosecutors’ proposed protective order concerning evidence in the case, describing it as overly broad.Lawyers for the early 2024 Republican presidential primary front-runner said the judge should impose a more limited protective order that would prevent the defense team from publicly disclosing only materials deemed “sensitive,” such as grand jury witness testimony.“In a trial about First Amendment rights, the government seeks to restrict First Amendment rights. Worse, it does so against its administration’s primary political opponent, during an election season in which the administration, prominent party members, and media allies have campaigned on the indictment and proliferated its false allegations,” Trump’s lawyers wrote.The defense filing was in response to a request Friday from special counsel Jack Smith’s team for a ...