Power REIT Acquires Southern Colorado Greenhouse Cultivation and Processing Facility in Highly Accretive Transaction
May 24, 2021 11:24 ET | Source: Power REIT Power REIT Old Bethpage, New York, UNITED STATES
Old Bethpage, New York, May 24, 2021 (GLOBE NEWSWIRE) Power REIT (NYSE-AMEX: PW and PW.PRA) (“Power REIT” or the “Trust”) today announced that it has acquired a 35-acre property located in Huerfano County, Colorado (the “Property”) through a wholly owned subsidiary (“PropCo”). The Property is strategically located in a part of southern Colorado that offers a very favorable business setting and growing environment for efficient and sustainable greenhouse cultivation.
The property currently has multiple greenhouses and support buildings which will be upgraded through a redevelopment plan that Power REIT will fund along with the new construction of additional greenhouse space. Upon completion, the Property w
Net Income increased 125% to $4.3 million for the quarter ended March 31, 2021 as compared to the corresponding quarter one year ago. Income from Operations increased 58% to $4.1 million for the quarter
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HONG KONG, May 13, 2021 /PRNewswire/ Euro Tech Holdings Company Limited (Nasdaq: CLWT) today reported financial results for the 12-month period ended December 31, 2020 ( Fiscal 2020 ).
The Company had net income of approximately US$769,000 in Fiscal 2020, as compared to net loss of approximately US$146,000 for the fiscal year ended December 31, 2019 ( Fiscal 2019 ). This was attributed by the increase in profit contribution from the affiliate of approximately US$298,000 and the non-recurrent net gain on disposal of a property of approximately US$1,429,000.
The Company s revenues for Fiscal 2020 were approximately US$13,357,000, an approximate 23.2% decrease compared to approximately US$17,399,000 in Fiscal 2019. The decrease was principally caused by the adverse impact of COVID-19 and the China-US escalating trade situation and technology tensions.
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NOVATO, Calif., May 12, 2021 /PRNewswire/
Hennessy Advisors, Inc. (NASDAQ:HNNA) reported results for its second fiscal quarter of 2021, which ended March 31, 2021. The firm also announced a quarterly dividend of $0.1375 per share to be paid on June 4, 2021, to shareholders of record as of May 25, 2021, which represents an annualized dividend yield of 6.0%. Over the past quarter, U.S. GDP grew 6.4%, driven primarily by increased consumer spending. While this is welcome news for the economy and the asset management industry, I was also overjoyed on a personal level to see the hope and optimism that built as vaccinations rose and communities began to reopen during the quarter, said Neil Hennessy, Chairman and CEO. The average Americans balance sheet is in good shape with leverage lower than it has been in many years. Even prior to the recent stimulus package, U.S. consumers had amassed personal savings of close to $2 trillion. Corporations also have excess
Interface Reports First Quarter 2021 Results
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ATLANTA, May 7, 2021 /PRNewswire/ Interface, Inc. (Nasdaq: TILE), a worldwide commercial flooring company and global leader in sustainability, today announced results for the first quarter ended April 4, 2021.
Quarterly Highlights:
Orders increased 11% from Q4 2020 to Q1 2021.
Strong liquidity of $405 million at quarter end comprised of $107 million in cash and $298 million of availability under the revolving credit facility.
Cash generated by operating activities of $25 million in Q1 2021. We delivered solid results for the first quarter 2021 benefiting from our reduced cost structure and a currency tailwind. The dynamic market environment is beginning to show tangible signs of recovery, including an 11% sequential increase in orders, primarily driven by rising demand in the Americas and parts of Europe and APAC, commented Dan Hendrix, Chairman and CEO of Interface.