IIP

U.S. Physical Therapy Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Wednesday, February 28, 2024
Surgery, Hospitals, Health, Physical Therapy, Managed Care, Acquisition, Alternative, Hospital, Operating cost, Weather, Annual report, IIP, Interest, ID, Sale, Government, Primary, Adjustment, Economy, Income tax, GAAP, COVID-19, Medicare, Health information technology, Privacy, Security (finance), Rehabilitation, Injury, Risk, Corporation, Failure, Accountability Act, Environment, Pharmaceutical industry

The gross profit margin from IIP operations increased to 21.2% in the Fourth Quarter 2023 from 17.9% in the Fourth Quarter 2022.

Key Points: 
  • The gross profit margin from IIP operations increased to 21.2% in the Fourth Quarter 2023 from 17.9% in the Fourth Quarter 2022.
  • Operating loss was $0.9 million for the Fourth Quarter 2023 compared to operating income of $6.8 million for the Fourth Quarter 2022.
  • Total other income (expense), net, was $1.0 million in the Fourth Quarter 2023 compared to ($2.2) million in the Fourth Quarter 2022.
  • Non-GAAP Adjusted EBITDA increased $1.1 million to $19.0 million for the Fourth Quarter 2023 from $17.9 million for the Fourth Quarter 2022, while non-GAAP Operating Results increased $1.3 million to $8.9 million, or $0.59 per share, in the Fourth Quarter 2023 from $7.5 million, or $0.58 per share, in the Fourth Quarter 2022.

Innovative Industrial Properties Reports Fourth Quarter and Full-Year 2023 Results

Retrieved on: 
Monday, February 26, 2024
REIT, Cannabis, Natural Resources, Commercial Building & Real Estate, Construction & Property, Acquisition, Collection, FFO, Loan agreement, LP, Total, Note, IIP, Investment, ATM, Renting, Debt-to-GDP ratio, Tenant, Loan, Letter, Line of credit, GAAP, Judgement, Pleasanton Unified School District, Webcast, Tax, Normalization, Vertical, Credit, Partnership, Property management

Issued shares of common stock under IIP’s “at-the-market” offering program (ATM Program) for net proceeds of approximately $9.6 million.

Key Points: 
  • Issued shares of common stock under IIP’s “at-the-market” offering program (ATM Program) for net proceeds of approximately $9.6 million.
  • Executed a new lease with a tenant at one of IIP’s retail properties in Michigan that was previously leased to Green Peak.
  • Industrial (cultivation and/or processing), retail (dispensing) and combined industrial/retail represent 92%, 2% and 6% of the operating portfolio, respectively.
  • Innovative Industrial Properties, Inc. will conduct a conference call and webcast at 10:00 a.m. Pacific Time (1:00 p.m. Eastern Time) on Tuesday, February 27, 2024 to discuss IIP’s financial results and operations for the fourth quarter and year ended December 31, 2023.

With Digital Identity and Fraud Set to Take Center Stage at Mobile World Congress 2024, The Mobile Phone Number is Having its Moment

Retrieved on: 
Thursday, February 15, 2024
Networks, Internet, Security, Data Management, Technology, IIP, Information services, MWC, Life, Fintech, History, IDS, City centre, Ford, Metadata, Privacy, Iconectiv, Mobile World Congress

The pervasiveness of digitization across consumers’ personal and professional lives—from mobile banking to healthcare to e-commerce—is highly dependent on their digital identity.

Key Points: 
  • The pervasiveness of digitization across consumers’ personal and professional lives—from mobile banking to healthcare to e-commerce—is highly dependent on their digital identity.
  • At the epicenter of digital identity lies the phone number.
  • While an individual’s digital identity is comprised of several data points or signals, the phone number has globally cemented itself as the key personal identifier, especially with number portability enabling people to keep their phone number for life.
  • One report shows that this year mobile phone numbers will become the primary source of identity for more than 3 billion people.

New Jersey Resources Reports Fiscal 2024 First-Quarter Results; Increases Net Financial Earnings Guidance for Fiscal 2024

Retrieved on: 
Tuesday, February 6, 2024
Other Energy, Utilities, Oil, Gas, Transport, Alternative Energy, Energy, Other Transport, Storm, File, SREC, BPU, GAAP, IIP, TREC, BGSS, Operation, Safety, CEV, Public expenditure, Carbon, Investment, Weather, Depreciation, NJR, Electricity, Capital expenditure, Coal

NJNG reported first-quarter fiscal 2024 NFE of $51.4 million, compared to NFE of $54.7 million during the same period in fiscal 2023.

Key Points: 
  • NJNG reported first-quarter fiscal 2024 NFE of $51.4 million, compared to NFE of $54.7 million during the same period in fiscal 2023.
  • NJNG added 2,129 new customers during the first quarter of fiscal 2024, compared with 2,132 in the first quarter of fiscal 2023.
  • CEV reported first-quarter fiscal 2024 NFE of $10.5 million, compared with a net financial loss of $(3.6) million during the same period in fiscal 2023.
  • Home Services and Other Operations reported a first-quarter fiscal 2024 net financial loss of $(0.6) million, which was consistent with a net financial loss of $(0.03) million for the same period in fiscal 2023.

Star Refrigeration celebrates 17th National Apprenticeship Week

Retrieved on: 
Monday, February 5, 2024
Marketing, Life, Celebration, IIP, Refrigeration, Skills for Life, Young People, Star, Social media, Heat, Engineering, Workforce, Hatmaking

LONDON, Feb. 5, 2024 /PRNewswire-PRWeb/ -- Star Refrigeration will once again take part in National Apprenticeship Week, which will run from 5th – 11th February 2024. This year's theme is 'Skills For Life' and aims to unite employers, training providers, apprentices, colleges and everyone passionate about apprenticeships, to celebrate the benefits and opportunity that they bring.

Key Points: 
  • LONDON, Feb. 5, 2024 /PRNewswire-PRWeb/ -- Star Refrigeration will once again take part in National Apprenticeship Week, which will run from 5th – 11th February 2024.
  • Astrid Prado, Head of Marketing at Star Refrigeration, said, "This National Apprenticeship Week, we celebrate our longstanding tradition of welcoming apprentices and supporting their journey toward becoming the leaders of tomorrow.
  • Astrid Prado, Head of Marketing at Star Refrigeration, said, "This National Apprenticeship Week, we celebrate our longstanding tradition of welcoming apprentices and supporting their journey toward becoming the leaders of tomorrow.
  • To find out more about Star's apprenticeships or to apply, visit Engineering Apprenticeships | Star Refrigeration (star-ref.co.uk)
    To find out more information on National Apprenticeship Week 2024 – Skills for Live, visit Home - National Apprenticeship Week 2024, 5th - 11th February 2024 (appawards.co.uk)

Deriv Achieves Prestigious Platinum Accreditation by Investors In People

Retrieved on: 
Friday, January 26, 2024
Platinum, Gold, 127th, IIP, Accreditation, Job evaluation, Property management

CYBERJAYA, Malaysia, Jan. 26, 2024 (GLOBE NEWSWIRE) -- Deriv, one of the world’s largest online trading platforms, has been awarded Investors In People’s prestigious Platinum accreditation recognising its exemplary commitment to its people.

Key Points: 
  • CYBERJAYA, Malaysia, Jan. 26, 2024 (GLOBE NEWSWIRE) -- Deriv, one of the world’s largest online trading platforms, has been awarded Investors In People’s prestigious Platinum accreditation recognising its exemplary commitment to its people.
  • IIP ranked Deriv 5th in the finance and insurance sector among companies of similar size and 127th among all accredited organisations.
  • The Platinum accreditation substantiates Deriv’s consistent commitment to building an engaged, high-performing workforce as well as its first-rate organisational culture and people practices.
  • Seema Hallon, Chief Human Resource Officer at Deriv, expressed her delight over this achievement: “The Platinum IIP Accreditation is not just an accolade.

Innovative Industrial Properties Announces Tax Treatment of 2023 Distributions

Retrieved on: 
Friday, January 26, 2024
Commercial Building & Real Estate, Construction & Property, Natural Resources, Specialty, REIT, Other Natural Resources, Cannabis, Retail, IIP, Capital gain

These amounts are a subset of, and included in, Taxable Ordinary Dividend amounts.

Key Points: 
  • These amounts are a subset of, and included in, Taxable Ordinary Dividend amounts.
  • The common stock distribution with a record date of December 29, 2023 will be a split-year distribution, with $0.83 allocable to 2023 for federal income tax purposes and $0.99 allocable to 2024 for federal income tax purposes.
  • As previously disclosed by IIP on January 26, 2023 in its press release announcing the tax treatment of 2022 dividends, the common stock distribution with a record date of December 30, 2022 was a split-year distribution, with $0.33 allocable to 2022 for federal income tax purposes and $1.47 allocable to 2023 for federal income tax purposes, and the 9.00% Series A Cumulative Redeemable Preferred Stock distribution with a record date of December 30, 2022 was allocable entirely to 2022 for federal income tax purposes.
  • Stockholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of IIP’s distributions.

argenx Highlights 2024 Strategic Priorities

Retrieved on: 
Monday, January 8, 2024
Immunoglobulin therapy, GMG, FDA, PRV, Congenital myasthenic syndrome, ARDA, Research Councils UK, Euronext, Inflammation, Cohort, PGIC, NRDL, Autoimmunity, Efgartigimod alfa, Dermatomyositis, Conference, MuSK protein, IND, CIDP, Pharmacokinetics, MMN, Safety, Therapy, Patient, ALS, Immune system, IL-6, Medicine, International Myeloma Foundation, IIP, FSS, Neonatal Fc receptor, Multifocal motor neuropathy, Growth, Pharmaceutical industry

argenx is planning to reach more patients commercially in 2024 through its multi-dimensional expansion efforts.

Key Points: 
  • argenx is planning to reach more patients commercially in 2024 through its multi-dimensional expansion efforts.
  • In addition, ARGX-119, a muscle-specific kinase (MuSK) agonist, will initiate Phase 1b/2a studies in congenital myasthenic syndrome and amyotrophic lateral sclerosis in 2024.
  • As of December 31, 2023, argenx had approximately $3.2 billion in cash, cash equivalents and current financial assets*.
  • Based on its current operating plans, argenx expects its combined R&D and SG&A expenses in 2024 to be less than $2 billion.

Innovative Industrial Properties Declares Fourth Quarter 2023 Dividends

Retrieved on: 
Friday, December 15, 2023
Cannabis, Hemp, Commercial Building & Real Estate, Natural Resources, Construction & Property, REIT, IIP, NYSE, Holding company

Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that its board of directors has declared a fourth quarter 2023 dividend of $1.82 per share of common stock.

Key Points: 
  • Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that its board of directors has declared a fourth quarter 2023 dividend of $1.82 per share of common stock.
  • The common stock dividends declared for 2023 total $7.22 per common share.
  • IIP has increased its common stock dividends declared each year since its inception in 2016.
  • The dividends are payable on January 12, 2024 to stockholders of record at the close of business on December 29, 2023.

New Jersey Resources Reports Fiscal 2023 Fourth-Quarter and Year End Results

Retrieved on: 
Tuesday, November 21, 2023
Alternative Energy, Energy, Utilities, Oil, Gas, Safety, BGSS, Capital expenditure, Investment, Depreciation, Public expenditure, Weather, NJR, Transport, IIP, SREC, GAAP, Operation, CEV, TREC, Electricity, BPU, Security (finance), Cryptocurrency, Renewable energy, NFE

NJNG reported fiscal 2023 NFE of $131.4 million, compared to NFE of $140.1 million during fiscal 2022.

Key Points: 
  • NJNG reported fiscal 2023 NFE of $131.4 million, compared to NFE of $140.1 million during fiscal 2022.
  • Storage and Transportation reported fiscal 2023 NFE of $12.8 million, compared with NFE of $22.5 million during fiscal 2022.
  • Fourth-quarter fiscal 2023 NFE were $1.8 million, compared with NFE of $11.3 million during the same period in fiscal 2022.
  • Energy Services reported fiscal 2023 NFE of $68.5 million, compared with NFE of $39.1 million during fiscal 2022.