United Nations Joint Logistics Centre

EQS-News: Austrian Post H1 2023: Revenue and earnings increase in the first half of 2023

Retrieved on: 
Thursday, August 10, 2023
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The share of the Mail Division as a proportion of the total revenue generated by Austrian Post in the first half of 2023 amounted to 45.9 %.

Key Points: 
  • The share of the Mail Division as a proportion of the total revenue generated by Austrian Post in the first half of 2023 amounted to 45.9 %.
  • The Retail & Bank Division accounted for 5.9 % of Group revenue or EUR 76.5m in the first half of 2023.
  • In the first half of 2023, Letter Mail & Business Solutions revenue amounted to EUR 378.7m, implying a year-on-year increase of 0.9 %.
  • Nevertheless, Austrian Post still aims to generate earnings (EBIT) in 2023 at the same level as last year.

Summit Industrial Income REIT Announces $126 Million Logistics Centre Acquisition and $110 Million Bought Deal Equity Offering

Retrieved on: 
Wednesday, September 15, 2021
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TORONTO, Sept. 15, 2021 (GLOBE NEWSWIRE) -- Summit Industrial Income REIT (“Summit” or the “REIT”) (TSX: SMU.UN) announced today that it has entered into an agreement to purchase two newly-constructed Class A logistics centres totaling 725,000 square feet of gross leasable area (the “Logistics Centre”) located in Calgary, Alberta close to the Calgary International Airport. The transaction is subject to certain closing conditions and is expected to close early in the fourth quarter 2021. Summit is expected to pay $126.0 million for the Logistics Centre, financed by the net proceeds from a $110 million bought deal equity offering, discussed below, and cash on hand, generating an attractive stabilized capitalization rate of approximately 4.3%.

Key Points: 
  • Summit is expected to pay $126.0 million for the Logistics Centre, financed by the net proceeds from a $110 million bought deal equity offering, discussed below, and cash on hand, generating an attractive stabilized capitalization rate of approximately 4.3%.
  • The Logistics Centre was developed through a partnership between Montez Corporation and Hopewell Development LP.
  • The Offering is not conditional upon the closing of the Logistics Centre acquisition.
  • Summit Industrial Income REIT is an unincorporated open-end trust focused on growing and managing a portfolio of light industrial properties across Canada.