Real Estate http://www.benzinga.com/views/taxonomy/term/142057 en Castellum Granted Moody's Investment Grade Rating: Baa3, Positive Outlook http://www.benzinga.com/pressreleases/18/04/r11579757/castellum-granted-moodys-investment-grade-rating-baa3-positive-outlook <div xmlns="http://www.w3.org/1999/xhtml" class="xn-newslines"> <h1 xmlns="http://www.w3.org/1999/xhtml" class="xn-hedline">Castellum Granted Moody&#39;s Investment Grade Rating: Baa3, Positive Outlook</h1> <p xmlns="http://www.w3.org/1999/xhtml" class="xn-distributor">PR Newswire</p> <p xmlns="http://www.w3.org/1999/xhtml" class="xn-dateline">GÖTEBORG, Sweden, April 26, 2018</p> </div> <div xmlns="http://www.w3.org/1999/xhtml" class="xn-content"> <p xmlns="http://www.w3.org/1999/xhtml">GÖTEBORG, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Sweden</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">April 26, 2018</span> /PRNewswire/ -- <b xmlns="http://www.w3.org/1999/xhtml">Castellum has obtained an Investment Grade rating – Baa3, with positive outlook – from Moody&#39;s. The rating is an important tool in the company&#39;s objective to achieve even better financing prospects.</b></p> <p xmlns="http://www.w3.org/1999/xhtml">Castellum has been active in the Swedish debt capital market for several years, and currently has an outstanding volume of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">SEK 14.2 billion</span> under an unsecured MTN-program (Medium Term Notes), with a program size of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">SEK 18 billion</span>. Furthermore, Castellum has a commercial paper programme of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">SEK 10 billion</span>, which currently is fully utilized.</p> <p xmlns="http://www.w3.org/1999/xhtml"><i xmlns="http://www.w3.org/1999/xhtml">&#34;Castellum is a major player in the Swedish debt capital market. The rating provides us with an important tool in our objective to achieve a broader investor base – including international capital markets – as well as enhanced financing conditions and the ...</i></p></div><p><a href=http://www.benzinga.com/pressreleases/18/04/r11579757/castellum-granted-moodys-investment-grade-rating-baa3-positive-outlook alt=Castellum Granted Moody&#039;s Investment Grade Rating: Baa3, Positive Outlook>Full story available on Benzinga.com</a></p> commercial real estate CWQXF CWQXY News Residential Real Estate TEX Press Releases Real Estate TEX US8807791038 CWQXF CWQXY News Press Releases Real Estate Benzinga Thu, 26 Apr 2018 05:48:00 +0000 PRNewswire 11579757 at www.benzinga.com QCP Enters into Definitive Agreements with ProMedica and Welltower http://www.benzinga.com/pressreleases/18/04/r11579603/qcp-enters-into-definitive-agreements-with-promedica-and-welltower <div xmlns="http://www.w3.org/1999/xhtml" class="xn-newslines"> <h1 xmlns="http://www.w3.org/1999/xhtml" class="xn-hedline">QCP Enters into Definitive Agreements with ProMedica and Welltower</h1> <h2 xmlns="http://www.w3.org/1999/xhtml" class="xn-hedline">ProMedica Enters into Agreement with QCP to Acquire HCR ManorCare</h2> <h2 xmlns="http://www.w3.org/1999/xhtml" class="xn-hedline">Welltower to Acquire QCP for $20.75 Per Share in Cash</h2> <h2 xmlns="http://www.w3.org/1999/xhtml" class="xn-hedline">ProMedica and Welltower Enter Joint Venture Agreement to Facilitate Transactions</h2> <p xmlns="http://www.w3.org/1999/xhtml" class="xn-distributor">PR Newswire</p> <p xmlns="http://www.w3.org/1999/xhtml" class="xn-dateline">BETHESDA, Md., April 26, 2018</p> </div> <div xmlns="http://www.w3.org/1999/xhtml" class="xn-content"> <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">BETHESDA, Md.</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">April 26, 2018</span> /PRNewswire/ --<b xmlns="http://www.w3.org/1999/xhtml"> </b>Quality Care Properties, Inc. (NYSE:<a class="ticker" href="http://www.benzinga.com/stock/QCP#NYSE" rel="nofollow">QCP</a>) (&#34;QCP&#34;) today announced that it has entered into an agreement with ProMedica Health System, Inc. (&#34;ProMedica&#34;), under which ProMedica will assume the rights and obligations of QCP pursuant to the original plan sponsor agreement between QCP and HCR ManorCare Inc. (&#34;HCR ManorCare&#34;) entered into on <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">March 2, 2018</span>. As a result, ProMedica will acquire HCR ManorCare at the completion of HCR ManorCare&#39;s Chapter 11 bankruptcy process.</p> <p xmlns="http://www.w3.org/1999/xhtml">Separately, QCP entered into a definitive agreement to be acquired by Welltower Inc. (NYSE:<a class="ticker" href="http://www.benzinga.com/stock/WELL#NYSE" rel="nofollow">WELL</a>) (&#34;Welltower&#34;) for <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$20.75</span> per share in an all-cash transaction that would close concurrently with the closing of the QCP and ProMedica transaction. The per share acquisition price represents an approximate 64.7% premium to the closing price of QCP common stock on <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">March 1, 2018</span>, the last day of trading prior to QCP&#39;s announcement that it had entered into the original plan sponsor agreement to acquire HCR ManorCare, as well as an approximate 17.3% premium to the 60-day volume weighted average price ended <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">April 24, 2018</span>. The QCP Board of Directors has unanimously determined that the transaction is in the best interests of QCP and its shareholders, and will recommend that QCP shareholders approve the transaction.</p> <p xmlns="http://www.w3.org/1999/xhtml">In addition, ProMedica and Welltower announced a strategic joint venture agreement to facilitate these transactions. </p> <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-person">Mark Ordan</span>, QCP&#39;s Chief Executive Officer, said, &#34;We are pleased to reach these agreements with ProMedica and Welltower, which provide QCP shareholders with strong, certain and immediate value and position the great team at HCR ManorCare to continue providing high quality care to patients and their families. Since our spin 17 months ago, we have worked through a difficult situation with our principal tenant and navigated industry headwinds that pressured our EBITDA, while under a constraining financing umbrella. Our Board carefully evaluated our standalone prospects and options going forward and determined that this transaction is the best path forward for all of our stakeholders in light of QCP&#39;s risks and opportunities. Through these agreements, we have found a unique owner for our skilled nursing and memory care/assisted living facilities with a relatively low cost of capital, an enormous and flexible balance sheet, a large CAPEX commitment to our assets and a vision of long-term value, beyond what QCP ...</p></div><p><a href=http://www.benzinga.com/pressreleases/18/04/r11579603/qcp-enters-into-definitive-agreements-with-promedica-and-welltower alt=QCP Enters into Definitive Agreements with ProMedica and Welltower>Full story available on Benzinga.com</a></p> commercial real estate Contracts QCP WELL Press Releases Real Estate WELL QCP Press Releases Real Estate Benzinga Thu, 26 Apr 2018 04:01:00 +0000 PRNewswire 11579603 at www.benzinga.com Canadian REIT and Choice Properties REIT obtain court approval and set election deadline and closing date for acquisition http://www.benzinga.com/pressreleases/18/04/r11579428/canadian-reit-and-choice-properties-reit-obtain-court-approval-and-set <div xmlns="http://www.w3.org/1999/xhtml" class="xn-newslines"> <h1 xmlns="http://www.w3.org/1999/xhtml" class="xn-hedline">Canadian REIT and Choice Properties REIT obtain court approval and set election deadline and closing date for acquisition</h1> <p xmlns="http://www.w3.org/1999/xhtml" class="xn-distributor">Canada NewsWire</p> <p xmlns="http://www.w3.org/1999/xhtml" class="xn-dateline">TORONTO, April 25, 2018</p> </div> <div xmlns="http://www.w3.org/1999/xhtml" class="xn-content"> <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">TORONTO</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">April 25, 2018</span> /CNW/ - Canadian Real Estate Investment Trust (&#34;<b xmlns="http://www.w3.org/1999/xhtml">CREIT</b>&#34;) (TSX:<a class="ticker" href="http://www.benzinga.com/stock/REF#TSX" rel="nofollow">REF</a>) and Choice Properties Real Estate Investment Trust (&#34;<b xmlns="http://www.w3.org/1999/xhtml">Choice Properties</b>&#34;) (TSX:<a class="ticker" href="http://www.benzinga.com/stock/CHP#TSX" rel="nofollow">CHP</a>) announced today that the Ontario Superior Court of Justice (Commercial List) (the &#34;<b xmlns="http://www.w3.org/1999/xhtml">Court</b>&#34;) has approved the acquisition of CREIT by Choice Properties pursuant to a plan of arrangement under section 182 of the <i xmlns="http://www.w3.org/1999/xhtml">Business Corporations Act</i> (<span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Ontario</span>) and section 60 of the <i xmlns="http://www.w3.org/1999/xhtml">Trustee Act</i> (<span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Ontario</span>) (the &#34;<b xmlns="http://www.w3.org/1999/xhtml">Arrangement</b>&#34;). </p> <p xmlns="http://www.w3.org/1999/xhtml">CREIT and Choice Properties also announced that the Arrangement is expected to close on <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">May 4, 2018</span>.</p> <p xmlns="http://www.w3.org/1999/xhtml">At the final order hearing, SmartCentres Real Estate Investment Trust (&#34;SmartCentres&#34;) argued that the Arrangement violated agreements relating to seven properties co-owned with CREIT.  In approving the Arrangement, the Court provided that SmartCentres could commence an action to determine its rights after the closing of the Arrangement. Counsel to SmartCentres has advised that SmartCentres intends to appeal the Court&#39;s order approving the Arrangement, and to request a stay of that order pending its appeal.  CREIT and Choice Properties believe that the position advanced by SmartCentres is without merit, and will oppose any stay or appeal proceedings.</p> <p xmlns="http://www.w3.org/1999/xhtml">The Arrangement was overwhelmingly approved by unitholders of CREIT (&#34;<b xmlns="http://www.w3.org/1999/xhtml">Unitholders</b>&#34;) at a special meeting held on <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">April 11</span>, 2018. The other conditions to closing included expiry of the waiting period under the <i xmlns="http://www.w3.org/1999/xhtml">Competition Act</i> (<span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Canada</span>) on <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">April 9, 2018</span>. With respect to the <i xmlns="http://www.w3.org/1999/xhtml">Competition Act</i> (<span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Canada</span>), CREIT and Choice Properties have been working with the Commissioner of Competition (the &#34;<b xmlns="http://www.w3.org/1999/xhtml">Commissioner</b>&#34;) and his staff with respect to the Arrangement and the review is ongoing.  This work with the Commissioner and staff will ...</p></div><p><a href=http://www.benzinga.com/pressreleases/18/04/r11579428/canadian-reit-and-choice-properties-reit-obtain-court-approval-and-set alt=Canadian REIT and Choice Properties REIT obtain court approval and set election deadline and closing date for acquisition>Full story available on Benzinga.com</a></p> Acquisitions, Mergers, Takeovers commercial real estate CRXIF PPRQF TSX:CHP TSX:CHP.UN TSX:REF TSX:REF.UN Press Releases Real Estate CRXIF TSX:REF.UN TSX:REF TSX:CHP TSX:CHP.UN PPRQF Press Releases Real Estate Benzinga Thu, 26 Apr 2018 00:48:00 +0000 PRNewswire 11579428 at www.benzinga.com Sutherland Asset Management Corporation Announces Pricing of Public Offering of Notes http://www.benzinga.com/pressreleases/18/04/r11579366/sutherland-asset-management-corporation-announces-pricing-of-public-of <div xmlns="http://www.w3.org/1999/xhtml" class="xn-newslines"> <h1 xmlns="http://www.w3.org/1999/xhtml" class="xn-hedline">Sutherland Asset Management Corporation Announces Pricing of Public Offering of Notes</h1> <p xmlns="http://www.w3.org/1999/xhtml" class="xn-distributor">PR Newswire</p> <p xmlns="http://www.w3.org/1999/xhtml" class="xn-dateline">NEW YORK, April 25, 2018</p> </div> <div xmlns="http://www.w3.org/1999/xhtml" class="xn-content"> <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">NEW YORK</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">April 25, 2018</span> /PRNewswire/ -- Sutherland Asset Management Corporation (NYSE:<a class="ticker" href="http://www.benzinga.com/stock/SLD#NYSE" rel="nofollow">SLD</a>) (&#34;Sutherland&#34; or the &#34;Company&#34;) today announced that it priced an underwritten public offering of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$50 million</span> aggregate principal amount of its 6.50% Senior Notes due 2021 (the &#34;Notes&#34;). The Notes will be issued in minimum denominations and integral multiples of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$25.00</span>. The Company has granted to the underwriters a 30-day option to purchase up to an additional <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$7.5 million</span> aggregate principal amount of the Notes at the public offering price, less the underwriting discount. The Company intends to use the net proceeds from this offering to originate or acquire additional mortgage loans and mortgage-related assets consistent with its investment strategy and for general corporate purposes. Sandler O&#39;Neill + Partners, L.P. served as book-running manager and American Capital Partners, LLC, Boenning &amp; Scattergood, Inc., Incapital, R. Seelaus &amp; Co., Inc. and Wedbush Securities served as co-managers for the offering.</p> <p xmlns="http://www.w3.org/1999/xhtml">The offering is expected to close on <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">April 27, 2018</span> and is subject to customary closing conditions. The Company ...</p></div><p><a href=http://www.benzinga.com/pressreleases/18/04/r11579366/sutherland-asset-management-corporation-announces-pricing-of-public-of alt=Sutherland Asset Management Corporation Announces Pricing of Public Offering of Notes>Full story available on Benzinga.com</a></p> Banking/Financial Services SLD Offerings Press Releases Real Estate SLD Offerings Press Releases Real Estate Benzinga Thu, 26 Apr 2018 00:01:00 +0000 PRNewswire 11579366 at www.benzinga.com Choice Properties Real Estate Investment Trust Reports Solid Results for the First Quarter of 2018 http://www.benzinga.com/pressreleases/18/04/r11579100/choice-properties-real-estate-investment-trust-reports-solid-results-f <div xmlns="http://www.w3.org/1999/xhtml" class="xn-newslines"> <h1 xmlns="http://www.w3.org/1999/xhtml" class="xn-hedline">Choice Properties Real Estate Investment Trust Reports Solid Results for the First Quarter of 2018</h1> <p xmlns="http://www.w3.org/1999/xhtml" class="xn-distributor">Canada NewsWire</p> <p xmlns="http://www.w3.org/1999/xhtml" class="xn-dateline">TORONTO, April 25, 2018</p> </div> <div xmlns="http://www.w3.org/1999/xhtml" class="xn-content"> <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">TORONTO</span>, April 25, 2018 /CNW/ - Choice Properties Real Estate Investment Trust (&#34;Choice Properties&#34; or the &#34;Trust&#34;) (TSX:<a class="ticker" href="http://www.benzinga.com/stock/CHP#TSX" rel="nofollow">CHP</a>) today announced its consolidated financial results for the first quarter ended March 31, 2018.  The Trust&#39;s Quarterly Report will be available in the Investor Relations section of the Trust&#39;s website at <a xmlns="http://www.w3.org/1999/xhtml" target="_blank" href="http://www.choicereit.ca/" rel="nofollow" rel="nofollow">www.choicereit.ca</a>, filed with SEDAR and available at <a xmlns="http://www.w3.org/1999/xhtml" target="_blank" href="http://www.sedar.com/" rel="nofollow" rel="nofollow">www.sedar.com</a>. </p> <p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">Quarter Highlights:</b></p> <ul xmlns="http://www.w3.org/1999/xhtml" type="disc"> <li xmlns="http://www.w3.org/1999/xhtml">Reported rental revenue of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$215.0 million</span>, an increase of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$11.6 million</span> or 5.7% compared with <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$203.4 million</span> in the first quarter of 2017; </li> <li xmlns="http://www.w3.org/1999/xhtml">Reported net income of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$627.0 million</span>, an increase of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$602.7 million</span> compared with net income of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$24.3 million</span> in the first quarter of 2017. The first quarter of 2018 included a net fair value adjustment gain of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$588.5 million</span> (2017 - net loss of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$26.0 million</span>); </li> <li xmlns="http://www.w3.org/1999/xhtml">Reported Funds from Operations (&#34;FFO&#34;)<sup xmlns="http://www.w3.org/1999/xhtml">(1)</sup> per unit diluted of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$0.255</span>, a decrease of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$0.009</span>, or 3.4%, compared with <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$0.264</span> in the first quarter of 2017; </li> <li xmlns="http://www.w3.org/1999/xhtml">Completed five property acquisition transactions from third-party vendors for an aggregate purchase price of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$29.4 million</span>, excluding transaction costs, which added approximately 91,000 square feet of gross leasable area (&#34;GLA&#34;); </li> <li xmlns="http://www.w3.org/1999/xhtml">Constructed 32,000 square feet of GLA, delivering seven new ancillary retail units and a Shoppers Drug Mart; </li> <li xmlns="http://www.w3.org/1999/xhtml">Maintained ancillary occupancy and increased organic Net Operating Income (&#34;NOI&#34;)<sup xmlns="http://www.w3.org/1999/xhtml">(1)</sup> for the quarter by 2.3% to <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$145.1 million</span> from <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$141.9 million</span> in the first quarter of 2017; </li> <li xmlns="http://www.w3.org/1999/xhtml">Issued <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$1,950 million</span> and retired <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$400 million</span> of senior unsecured debentures, extending the weighted average term to maturity to 6.1 years from 4.5 years, with an increase of 0.05% to the weighted average interest rate, and repaid and cancelled a <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$250 million</span> senior unsecured committed revolving credit facility; </li> <li xmlns="http://www.w3.org/1999/xhtml">The Distribution Reinvestment Plan (&#34;DRIP&#34;) is temporarily suspended commencing with distributions declared in <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">May 2018</span>; and </li> <li xmlns="http://www.w3.org/1999/xhtml">Entered into an agreement to acquire Canadian Real Estate Investment Trust (&#34;CREIT&#34;), which is expected to close on <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">May 4, 2018</span>.</li> </ul> <p xmlns="http://www.w3.org/1999/xhtml"></p> <p xmlns="http://www.w3.org/1999/xhtml">&#34;Choice Properties&#39; progress this quarter is a reflection of the strength of our operations, the quality of our portfolio and the potential of our pipeline.   We delivered another quarter of growth with a 2.3% increase in organic NOI driven by the underlying fundamentals of our real estate business,&#34; said John Morrison, President and Chief Executive Officer.  &#34;Our plans to combine CREIT with Choice Properties to create <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Canada&#39;s</span> preeminent diversified REIT will build on our strong base of business with an expanded portfolio of quality real estate and a best-in-class platform to drive long-term value.&#34;</p> <div xmlns="http://www.w3.org/1999/xhtml"> <table xmlns="http://www.w3.org/1999/xhtml" id="convertedTable9c85" cellspacing="0" cellpadding="0" border="0" class="prngen1"> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen2"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">See &#34;Non-GAAP Financial Measures&#34; beginning on page 5.</span></p> </td> </tr> </table> </div> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">Financial and Operational Summary</b></p> <div xmlns="http://www.w3.org/1999/xhtml"> <table xmlns="http://www.w3.org/1999/xhtml" cellspacing="0" cellpadding="0" border="0" class="prngen1"> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen2"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">As at or for the three months ended March 31</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen2"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">($ thousands except where otherwise indicated)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen4"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(unaudited)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen5"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen5"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen5"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">2018</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen5"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen5"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">2017</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen2"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Number of properties</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">548</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">536</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen2"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Gross Leasable Area (&#34;GLA&#34;) (in millions of square feet)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">44.2</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">43.7</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen2"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Occupancy</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen6"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">98.8%</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen6"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">98.8%</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen2"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Rental revenue<sup xmlns="http://www.w3.org/1999/xhtml">(i)</sup></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">$</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">215,027</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">203,433</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen2"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Net Operating Income (&#34;NOI&#34;)<sup xmlns="http://www.w3.org/1999/xhtml">(1)</sup></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">$</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">149,783</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">142,424</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen2"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Net Income<sup xmlns="http://www.w3.org/1999/xhtml">(i)</sup></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">$</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">626,991</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">24,250</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen4"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Net Income<sup xmlns="http://www.w3.org/1999/xhtml">(i)</sup> per unit diluted</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen5"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen5"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">$</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen5"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">1.513</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen5"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen5"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">0.059</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen2"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Funds from Operations (&#34;FFO&#34;)<sup xmlns="http://www.w3.org/1999/xhtml">(1)</sup> per unit diluted</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">$</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">0.255</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">0.264</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen2"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Adjusted Cash Flow from Operations (&#34;ACFO&#34;)<sup xmlns="http://www.w3.org/1999/xhtml">(1)</sup></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">$</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">83,600</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">90,776</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen2"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Adjusted Cash Flow from Operations<sup xmlns="http://www.w3.org/1999/xhtml">(1)</sup> payout ratio</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen6"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">91.5%</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen6"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">80.3%</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen4"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Distribution declared per unit</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen5"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen5"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">$</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen5"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">0.1850</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen5"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen5"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">0.1775</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen2"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Total assets (in millions)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">$</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">11,121</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">9,380</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen2"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Debt to total assets<sup xmlns="http://www.w3.org/1999/xhtml">(ii)</sup></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen6"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">51.9%</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen6"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">46.3%</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen4"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Debt service coverage<sup xmlns="http://www.w3.org/1999/xhtml">(ii)</sup></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen5"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen5"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen7"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">3.5x</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen5"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen7"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">3.6x</span></p> </td> </tr> </table> </div> <p xmlns="http://www.w3.org/1999/xhtml"></p> <div xmlns="http://www.w3.org/1999/xhtml"> <table xmlns="http://www.w3.org/1999/xhtml" id="convertedTable6730" cellspacing="0" cellpadding="0" border="0" class="prngen1"> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen8"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(i)    </span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen2"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Net income, for the three months ended March 31, 2018, included positive fair value adjustments of $555,200 and $33,260 for Exchangeable Units and Investment Properties, respectively. The quarter also included acquisition transactions costs of $12,054. Net income before acquisition transaction costs and adjustments to fair value<sup xmlns="http://www.w3.org/1999/xhtml">(1)</sup> was $50,585 for the three months ended March 31, 2018.</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen8"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen2"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Net income, for the three months ended March 31, 2017, included a negative fair value adjustment of $117,656 for Exchangeable Units and a positive fair value adjustment of $92,843 for investment properties. The quarter also included a negative fair value adjustment of $1,250 for investment property held in an equity accounted joint venture. Net income before acquisition transaction costs and adjustments to fair value<sup xmlns="http://www.w3.org/1999/xhtml">(1)</sup> was $50,313 for the three months ended March 31, 2017.</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen8"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(ii)   </span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen2"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Debt ratios include Class C LP Units but exclude Exchangeable Units. The ratios are non-GAAP financial measures calculated based on the Trust Indentures, as supplemented.</span></p> </td> </tr> </table> </div> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">Financial Results for the Quarter:</b></p> <ul xmlns="http://www.w3.org/1999/xhtml" type="disc"> <li xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">Rental Revenue </b>- First quarter rental revenue totaled <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$215.0 million</span>, an increase of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$11.6 million</span> or 5.7% compared with <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$203.4 million</span> in the first quarter of 2017. Properties owned throughout both comparative periods contributed <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$9.1 million</span> to the increase. </li> <li xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">Net Operating Income</b><sup xmlns="http://www.w3.org/1999/xhtml">(1)</sup> - NOI<sup xmlns="http://www.w3.org/1999/xhtml">(1) </sup>for the first quarter of 2018 was <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$149.8 million</span>, an increase of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$7.4 million</span>, or 5.2%, compared with the first quarter of 2017, including an increase in NOI<sup xmlns="http://www.w3.org/1999/xhtml">(1)</sup> of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$2.4 million</span> from new developments and <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$1.8 million</span> from properties acquired subsequent to <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">December 31, 2017</span>. Excluding NOI<sup xmlns="http://www.w3.org/1999/xhtml">(1)</sup> from acquisitions and developments, NOI<sup xmlns="http://www.w3.org/1999/xhtml">(1)</sup> was <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$145.1 million</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$3.2 million</span>, or 2.3%, higher than the <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$141.9 million</span> achieved in the first quarter of 2017. This improvement was primarily driven by rent steps in Loblaw leases and higher average rents per square foot on ancillary leases. </li> <li xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">Net Income </b>- Net income for the first quarter of 2018 was <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$627.0 million</span> compared to a net income of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$24.3 million</span> in the first quarter of 2017. Adjustments to fair value measures were the primary cause of the variance between these comparative periods. </li> <li xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">Net Income before Acquisition Transaction Costs and Adjustments to Fair Value</b><sup xmlns="http://www.w3.org/1999/xhtml">(1)</sup> - First quarter net income before acquisition transaction costs and adjustments to fair value<sup xmlns="http://www.w3.org/1999/xhtml">(1)</sup> of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$50.6 million</span> compared with <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$50.3 million</span> reported in the first quarter of 2017. The change was driven by an increase of net property income and the favourable adjustment to the fair value of unit-based compensation included in general and administrative expenses, partially offset by an increase to net interest expense and other financing charges, including distributions on Exchangeable Units. </li> <li xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">Funds from Operations</b><sup xmlns="http://www.w3.org/1999/xhtml">(1)</sup> - FFO<sup xmlns="http://www.w3.org/1999/xhtml">(1)</sup> for the first quarter of 2018 was <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$105.7 million</span> or <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$0.255</span> per unit diluted, compared with <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$108.8 million</span> or <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$0.264</span> per unit diluted in the first quarter of 2017. The year-over-year decline in FFO<sup xmlns="http://www.w3.org/1999/xhtml">(1)</sup> of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$0.009</span> per unit diluted was primarily due to higher net interest expense, excluding distributions on Exchangeable Units, partially offset by growth in net property income. </li> <li xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">Adjusted Cash Flow from Operations<sup xmlns="http://www.w3.org/1999/xhtml">(</sup></b><sup xmlns="http://www.w3.org/1999/xhtml">1)</sup> - ACFO<sup xmlns="http://www.w3.org/1999/xhtml">(1)</sup> for the first quarter of 2018 was <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$83.6 million</span>, representing an excess of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$7.1 million</span> over distributions paid during the quarter, which is a decrease of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$10.8 million</span> compared to an excess of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$17.9 million</span> in the first quarter of 2017. The year-over-year decrease in ACFO<sup xmlns="http://www.w3.org/1999/xhtml">(1)</sup> is driven by higher net interest expense and negative fluctuations in the timing of cash flows from operating working capital, partially offset by growth in net property income. </li> <li xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">Distributions</b> - Distributions per unit declared during the quarter totaled <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$0.1850</span>, for an ACFO(1) payout ratio of 91.5% (2017 - <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$0.1775</span> and 80.3%, respectively). At its most recent meeting on <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">April 25, 2018</span>, the Board of Trustees temporarily suspended the DRIP commencing with any distributions declared in <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">May 2018</span>.</li> </ul> <p xmlns="http://www.w3.org/1999/xhtml"></p> <div xmlns="http://www.w3.org/1999/xhtml"> <table xmlns="http://www.w3.org/1999/xhtml" id="convertedTable19ed" cellspacing="0" cellpadding="0" border="0" class="prngen1"> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen2"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(1) See &#34;Non-GAAP Financial Measures&#34; beginning on page 5.</span></p> </td> </tr> </table> </div> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">Operational Results for the Quarter:</b></p> <ul xmlns="http://www.w3.org/1999/xhtml" type="disc"> <li xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">Acquisitions</b> - In the first quarter of 2018, Choice Properties completed two acquisitions of investment properties from third-party vendors for an aggregate purchase price of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$6.8 million</span>, which added approximately 42,000 square feet of GLA leased to Loblaw. In addition, a retail property and two parcels of land were acquired from third-party vendors at locations adjacent to existing Choice owned sites. </li> <li xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">Development Progress </b>-<b xmlns="http://www.w3.org/1999/xhtml"> </b>In the first quarter of 2018, Choice Properties constructed 32,000 square feet, delivering seven new retail spaces for third-party tenants and a Shoppers Drug Mart. This construction contributed to the completion of 2018 development projects, started in prior years, with 81,000 square feet of GLA. </li> <li xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">Leasing Activity </b>- In the first quarter of 2018, Choice Properties entered into leases for approximately 153,000 square feet of GLA with an average lease term of 8.2 years. This total included approximately 49,000 square feet of lease renewals, with an average increase over expiring base rent rates of 7.2%, and approximately 43,000 square feet for new developments at an average base rent per square foot of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$30.21</span>. </li> <li xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">Occupancy </b>- At <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">March 31, 2018</span>, the Trust&#39;s portfolio occupancy rate was 98.8%, the same rate as at <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">March 31, 2017</span>.</li> </ul> <p xmlns="http://www.w3.org/1999/xhtml"></p> <p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">Capital Structure:</b></p> <ul xmlns="http://www.w3.org/1999/xhtml" type="disc"> <li xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">Capacity to Invest for Further Growth </b>- As at <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">March 31, 2018</span>, the Trust&#39;s debt service coverage ratio<sup xmlns="http://www.w3.org/1999/xhtml">(2)</sup> was 3.5 times. With stable cash flows from operations and access to several funding sources, including from our senior unsecured committed revolving credit facility, the Trust believes it has the financial capacity to meet ongoing obligations and invest for further growth. </li> <li xmlns="http://www.w3.org/1999/xhtml">On <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">January 12, 2018</span>, Choice Properties issued <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$300 million</span> and <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$350 million</span> aggregate principal amount of Series I and J senior unsecured debentures due <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">March 21, 2022</span> and <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">January 10, 2025</span>, respectively. The Series I unsecured debentures bear interest at a rate of 3.010% per annum and the Series J unsecured debentures bear interest at a rate of 3.546% per annum. </li> <li xmlns="http://www.w3.org/1999/xhtml">On <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">February 12, 2018</span>, Choice Properties completed the early retirement of Series A senior unsecured debentures at a redemption price equal to <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$402.9 million</span> plus accrued and unpaid interest. </li> <li xmlns="http://www.w3.org/1999/xhtml">On <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">March 8, 2018</span>, Choice Properties issued <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$550 million</span> and <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$750 million</span> aggregate principal amount of Series K and L senior unsecured debentures due <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">September 9, 2024</span> and <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">March 8, 2028</span>, respectively. The Series K unsecured debentures bear interest at a rate of 3.556% per annum, and the Series L unsecured debentures bear interest at a rate of 4.178% per annum. The net proceeds of the issuance are held in escrow pending the completion of the acquisition of CREIT. In the event that the escrow release conditions are not met, the Series K and L senior unsecured debentures will be repaid at par, plus accrued interest.</li> </ul> <p xmlns="http://www.w3.org/1999/xhtml"></p> <p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">Agreement to Acquire Canadian Real Estate Investment Trust</b></p> <p xmlns="http://www.w3.org/1999/xhtml">As previously announced on <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">February 14, 2018</span>, Choice Properties entered into an arrangement agreement to acquire all the assets and assume all the liabilities of CREIT, including long term debt and all residual liabilities. CREIT will then redeem all of its outstanding units for an aggregate of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$22.50</span> in cash and 2.4904 Trust Units per unit of CREIT on a fully prorated basis.</p> <p xmlns="http://www.w3.org/1999/xhtml">The aggregate consideration will consist of approximately 58% in Trust Units and 42% in cash. CREIT unitholders will have the ability to choose whether to receive <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$53.75</span> in cash or 4.2835 Trust Units for each CREIT unit held, subject to proration. The maximum amount of cash to be paid will be approximately <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$1,651,312</span> and approximately 183 million Trust Units will be issued, based on the fully diluted number of CREIT units outstanding on the date of the closing of the transaction.</p> <p xmlns="http://www.w3.org/1999/xhtml">The Acquisition Transaction was approved by CREIT unitholders at a special meeting held on <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">April 11, 2018</span> and the plan of arrangement was approved by the Ontario Superior Court of Justice (Commercial List) on <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">April 24, 2018</span>. As more fully described in the arrangement agreement, the completion of the Acquisition Transaction depends on a number of conditions being satisfied or waived, including, among others, the Competition Act approval being obtained. While work will continue towards final approval under the Competition Act, and may continue post-closing, the Acquisition Transaction is expected to close on <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">May 4, 2018</span>, however, there can be no certainty, nor can Choice Properties provide any assurance, that all of the closing conditions will be satisfied or, if satisfied, when they will be satisfied. If the Acquisition Transaction is not completed, Choice Properties will not receive any reimbursement from CREIT for the fees, costs and expenses it has incurred in connection with the Acquisition Transaction. If the Acquisition Transaction is not completed or is materially delayed, the market price of the Trust Units may be materially adversely affected. While the Acquisition Transaction is pending, Choice Properties and CREIT are subject to customary interim operating covenants.</p> <p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">Outlook</b></p> <p xmlns="http://www.w3.org/1999/xhtml">Choice Properties expects to continue to drive value creation through strategic acquisitions, value-add development and active management of its portfolio of properties.  This strategy supports the Trust&#39;s goal to expand its asset base and increase monthly distributions to Unitholders over time.</p> <p xmlns="http://www.w3.org/1999/xhtml">Choice Properties is well positioned to meet its current obligations and to invest for future growth. The Trust&#39;s competitive advantages include: a sizable asset base that is geographically diverse across <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Canada</span>; long-term leases and a strategic alliance with Loblaw; and an existing development pipeline, supported by sound financial management focused on maintaining a solid balance sheet and its investment grade credit ratings. With these key differentiators, Choice Properties believes that it is well positioned to achieve its strategic goals within a potentially rising interest rate environment and despite an increasingly competitive landscape, underscored by ever changing square footage requirements in the retail industry.</p> <p xmlns="http://www.w3.org/1999/xhtml">For 2018, Choice Properties expects to:</p> <ul xmlns="http://www.w3.org/1999/xhtml" type="disc"> <li xmlns="http://www.w3.org/1999/xhtml">Acquire additional properties from Loblaw and third-party vendors when opportunities arise; </li> <li xmlns="http://www.w3.org/1999/xhtml">Invest approximately <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$198 million</span> to complete developments in 2018 and toward development projects in the existing pipeline of properties, including mixed-use projects, targeted for completion in future years; </li> <li xmlns="http://www.w3.org/1999/xhtml">Maintain a total occupancy rate for the current portfolio of approximately 98%, with the occupancy ...</li></ul></div><p><a href=http://www.benzinga.com/pressreleases/18/04/r11579100/choice-properties-real-estate-investment-trust-reports-solid-results-f alt=Choice Properties Real Estate Investment Trust Reports Solid Results for the First Quarter of 2018>Full story available on Benzinga.com</a></p> commercial real estate Earnings TSX:CHP TSX:CHP.UN Press Releases Real Estate TSX:CHP TSX:CHP.UN Earnings Press Releases Real Estate Benzinga Wed, 25 Apr 2018 22:25:00 +0000 PRNewswire 11579100 at www.benzinga.com Luxe Florida Beach House Heads to Luxury Auction® Without Reserve on April 28th http://www.benzinga.com/pressreleases/18/04/r11578631/luxe-florida-beach-house-heads-to-luxury-auction-without-reserve-on-ap <div xmlns="http://www.w3.org/1999/xhtml" class="xn-newslines"> <h1 xmlns="http://www.w3.org/1999/xhtml" class="xn-hedline">Luxe Florida Beach House Heads to Luxury Auction® Without Reserve on April 28th</h1> <h2 xmlns="http://www.w3.org/1999/xhtml" class="xn-hedline">Tri-level Home Offers Elevator &amp; Private Boardwalk Leading Directly onto the Sand</h2> <p xmlns="http://www.w3.org/1999/xhtml" class="xn-distributor">PR Newswire</p> <p xmlns="http://www.w3.org/1999/xhtml" class="xn-dateline">FLAGLER BEACH, Fla., April 25, 2018</p> </div> <div xmlns="http://www.w3.org/1999/xhtml" class="xn-content"> <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">FLAGLER BEACH, Fla.</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">April 25, 2018</span> /PRNewswire/ -- This weekend, a <a xmlns="http://www.w3.org/1999/xhtml" target="_blank" href="http://platinumluxuryauctions.com/listings/oceanfront-escape-flagler-beach-fl/" rel="nofollow" rel="nofollow">three-story beach house</a> will be sold to the highest bidder after recently asking as much as <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$2.2 million</span>. Located in <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Flagler Beach</span>, a relaxed beach town situated between <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Daytona Beach</span> and <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">St. Augustine</span> on <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Florida&#39;s</span> east coast, the property is being offered without reserve, meaning it will be sold to the highest bidder regardless of the price. The auction for the property will be held on-site this <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">Saturday, April 28</span><sup xmlns="http://www.w3.org/1999/xhtml">th</sup> at <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">1pm ET</span>. <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Miami</span>-based real estate auction firm Platinum Luxury Auctions was retained by the property owners to exclusively manage the marketing and auction sale of the home.</p> <div xmlns="http://www.w3.org/1999/xhtml" class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder1"> <p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" src="https://mma.prnewswire.com/media/682534/Flagler_FrontExt.jpg" title="On Saturday, April 28, 2018, this charming beach house on Florida&#039;s northeastern coast will be sold at a live auction without reserve. The Flagler Beach property was recently asking $2.2 million, and offers 3 living levels, an elevator and a private boardwalk leading directly onto the sand. Luxury auction® firm Platinum Luxury Auctions is exclusively managing the sale. Learn more at OceanfrontLuxuryAuction.com. (PRNewsfoto/Platinum Luxury Auctions LLC)" alt="On Saturday, April 28, 2018, this charming beach house on Florida&#039;s northeastern coast will be sold at a live auction without reserve. The Flagler Beach property was recently asking $2.2 million, and offers 3 living ...</p></div></div><p><a href=http://www.benzinga.com/pressreleases/18/04/r11578631/luxe-florida-beach-house-heads-to-luxury-auction-without-reserve-on-ap alt=Luxe Florida Beach House Heads to Luxury Auction® Without Reserve on April 28th>Full story available on Benzinga.com</a></p> Banking/Financial Services Residential Real Estate Press Releases Real Estate Press Releases Real Estate Benzinga Wed, 25 Apr 2018 21:12:00 +0000 PRNewswire 11578631 at www.benzinga.com Cowen Names CyrusOne, Digital Realty As Top Data Services Picks http://www.benzinga.com/analyst-ratings/analyst-color/18/04/11575423/cowen-names-cyrusone-digital-realty-as-top-data-service <p>A handful of companies in the data services sector are on deck to report earnings. After a disappointing performance in the fourth quarter for the sector as a whole, the group is expected to show a &quot;marked improvement,&quot; with <b>CyrusOne Inc</b> (NASDAQ: <a class="ticker" href="http://www.benzinga.com/stock/cone#NASDAQ">CONE</a>) and <b>Digital Rlty</b> (NYSE: <a class="ticker" href="http://www.benzinga.com/stock/dlr#NYSE">DLR</a>) being top picks, according to Cowen.</p> <h3> <strong>The Analyst</strong></h3> <p>Cowen&#39;s <a href="https://www.tipranks.com/analysts/colby-synesael">Colby Synesael</a> maintains a Buy rating on <a href="https://www.benzinga.com/stock/cone">CyrusOne&#39;s stock</a> with an unchanged $127 price target. The analyst also maintains a Buy rating on <a href="https://www.benzinga.com/stock/dlr">Digital Realty&#39;s stock</a> with an unchanged $127 price target.</p> <h3> <strong>The Thesis</strong></h3> <p>Cowen projects that CyrusOne will report first-quarter bookings of more than $30 million, driven by a new 10-megawatt deal with <strong>Microsoft Corporation </strong>(NASDAQ: <a class="ticker" href="http://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>), a 6-MW deal with <strong>salesforce.com, inc. </strong>(NYSE: <a class="ticker" href="http://www.benzinga.com/stock/crm#NYSE">CRM</a>) and a 3-MW deal with <strong>Alibaba Group Holding Ltd</strong> (NYSE: <a class="ticker" href="http://www.benzinga.com/stock/baba#NYSE">BABA</a>), ...</p><p><a href=http://www.benzinga.com/analyst-ratings/analyst-color/18/04/11575423/cowen-names-cyrusone-digital-realty-as-top-data-service alt=Cowen Names CyrusOne, Digital Realty As Top Data Services Picks>Full story available on Benzinga.com</a></p> Analyst Color BABA Colby Synesael CONE COR Cowen CRM DLR MSFT REIT SAP storage Price Target Reiteration Analyst Ratings Real Estate COR US21870Q1058 MSFT US5949181045 CRM US79466L3024 DLR US2538681030 SAP US8030542042 BABA CONE Analyst Color REIT Price Target Reiteration Analyst Ratings Real Estate Benzinga Wed, 25 Apr 2018 20:54:56 +0000 Jayson Derrick 11575423 at www.benzinga.com Preferred Apartment Communities, Inc. Announces Date of First Quarter 2018 Earnings Release and Conference Call http://www.benzinga.com/pressreleases/18/04/r11578200/preferred-apartment-communities-inc-announces-date-of-first-quarter-20 <div xmlns="http://www.w3.org/1999/xhtml" class="xn-newslines"> <h1 xmlns="http://www.w3.org/1999/xhtml" class="xn-hedline">Preferred Apartment Communities, Inc. Announces Date of First Quarter 2018 Earnings Release and Conference Call</h1> <p xmlns="http://www.w3.org/1999/xhtml" class="xn-distributor">PR Newswire</p> <p xmlns="http://www.w3.org/1999/xhtml" class="xn-dateline">ATLANTA, April 25, 2018</p> </div> <div xmlns="http://www.w3.org/1999/xhtml" class="xn-content"> <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">ATLANTA</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">April 25, 2018</span> /PRNewswire/ -- </p> <div xmlns="http://www.w3.org/1999/xhtml" class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder1"> <p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" src="https://mma.prnewswire.com/media/387211/pac20logo_Logo.jpg" title="Preferred Apartment Communities" alt="Preferred Apartment Communities" /></p> </div> <p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">Earnings Release and Conference Call</b></p> <p xmlns="http://www.w3.org/1999/xhtml">Preferred Apartment Communities, Inc. (NYSE:<a class="ticker" href="http://www.benzinga.com/stock/APTS#NYSE" rel="nofollow">APTS</a>) today announced plans to release its first quarter 2018 earnings after the market closes on <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">Monday, April 30, 2018</span>.</p> <p xmlns="http://www.w3.org/1999/xhtml">Following are the details of a conference call Preferred Apartment Communities will host on <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">Tuesday, May 1, 2018</span> at <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">11:00 a.m. Eastern Time</span> to discuss its first quarter 2018 results.  To participate in the conference call, please dial in to the following:</p> <p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml"><i xmlns="http://www.w3.org/1999/xhtml">Live Conference Call Details</i></b></p> <p xmlns="http://www.w3.org/1999/xhtml">Domestic Dial-in Number:  (844) 890-1791 <br xmlns="http://www.w3.org/1999/xhtml" />International Dial-in Number:  (412) 380-7408 <br xmlns="http://www.w3.org/1999/xhtml" ...</p></div><p><a href=http://www.benzinga.com/pressreleases/18/04/r11578200/preferred-apartment-communities-inc-announces-date-of-first-quarter-20 alt=Preferred Apartment Communities, Inc. Announces Date of First Quarter 2018 Earnings Release and Conference Call>Full story available on Benzinga.com</a></p> APTS Banking/Financial Services Conference Call Announcements Press Releases Real Estate APTS US74039L1035 Press Releases Real Estate Benzinga Wed, 25 Apr 2018 20:45:00 +0000 PRNewswire 11578200 at www.benzinga.com Trumark Honored With Eight Awards At Bay Area Building Industry Association's "Excellence in Home Building" Awards http://www.benzinga.com/pressreleases/18/04/r11577976/trumark-honored-with-eight-awards-at-bay-area-building-industry-associ <div xmlns="http://www.w3.org/1999/xhtml" class="xn-newslines"> <h1 xmlns="http://www.w3.org/1999/xhtml" class="xn-hedline">Trumark Honored With Eight Awards At Bay Area Building Industry Association&#39;s &#34;Excellence in Home Building&#34; Awards</h1> <h2 xmlns="http://www.w3.org/1999/xhtml" class="xn-hedline">Trumark Received Top Accolades with Attached and Detached &#34;Community of the Year&#34; Awards</h2> <p xmlns="http://www.w3.org/1999/xhtml" class="xn-distributor">PR Newswire</p> <p xmlns="http://www.w3.org/1999/xhtml" class="xn-dateline">SAN FRANCISCO, April 25, 2018</p> </div> <div xmlns="http://www.w3.org/1999/xhtml" class="xn-content"> <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">SAN FRANCISCO</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">April 25, 2018</span> /PRNewswire/ -- Trumark Companies announced today that it was honored with eight awards at the <a xmlns="http://www.w3.org/1999/xhtml" target="_blank" href="http://www.biabayarea.org/events/details/2018-excellence-in-home-building-awards-1364" rel="nofollow" rel="nofollow">2018 Bay Area Building Industry Association&#39;s &#34;Excellence in Home Building&#34; Awards</a>. Most notably, Trumark&#39;s <a xmlns="http://www.w3.org/1999/xhtml" target="_blank" href="https://perchdowntown.com/" rel="nofollow" rel="nofollow">Perch</a> community in <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Dublin, CA</span> won &#34;Attached Community of the Year&#34;, its <a xmlns="http://www.w3.org/1999/xhtml" target="_blank" href="https://trumarkhomes.com/northern-california/glass-bay/" rel="nofollow" rel="nofollow">Glass Bay</a> community in <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Newark, CA</span> won &#34;Detached Community of the Year&#34; and Trumark&#39;s <span xmlns="http://www.w3.org/1999/xhtml" class="xn-person">Christina Ball</span> was named &#34;Marketing Director of the Year&#34;. In addition, Trumark placed as a finalist in 16 marketing and design and professional achievement categories.</p> <div xmlns="http://www.w3.org/1999/xhtml" class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder1"> <p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" src="https://mma.prnewswire.com/media/682433/Community_of_the_Year_Perch_Trumark_Companies.jpg" title="Perch in Dublin, CA" alt="Perch in Dublin, CA" /></p> </div> <p xmlns="http://www.w3.org/1999/xhtml">&#34;The Excellence in Home Building Awards is a gathering of the most respected and innovative Bay Area homebuilders in the industry, and we are honored to have been recognized among them by such a prestigious organization,&#34; said <span xmlns="http://www.w3.org/1999/xhtml" class="xn-person">Gregg Nelson</span>, co-founder and principal of Trumark Companies. &#34;We are thankful to our entire Trumark team and everyone involved in bringing our communities to life for their hard work and dedication that contributed to this incredible achievement.&#34; </p> <p xmlns="http://www.w3.org/1999/xhtml">Honoring the best in the production of quality homes, ...</p></div><p><a href=http://www.benzinga.com/pressreleases/18/04/r11577976/trumark-honored-with-eight-awards-at-bay-area-building-industry-associ alt=Trumark Honored With Eight Awards At Bay Area Building Industry Association&#039;s &quot;Excellence in Home Building&quot; Awards>Full story available on Benzinga.com</a></p> Awards Residential Real Estate Press Releases Real Estate Press Releases Real Estate Benzinga Wed, 25 Apr 2018 20:33:00 +0000 PRNewswire 11577976 at www.benzinga.com Stifel Downgrades 3 Medical Office REITs As Rising Rates Pressure Cost Of Capital, Investment Spreads http://www.benzinga.com/analyst-ratings/analyst-color/18/04/11574037/stifel-downgrades-3-medical-office-reits-as-rising-rate <p>A <a href="https://www.benzinga.com/news/18/03/11398820/federal-reserve-hikes-interest-rates-sees-2-more-hikes-coming-in-2018"> rising interest rate </a> environment is wreaking havoc on many sectors, including <a href="https://www.benzinga.com/real-estate/reit">real estate investment trusts</a>. Higher interest rates and compressing cap rates have increased the cost of capital and narrowed investment spreads for medical office-focused REITs, prompting Stifel to downgrade three stocks in the space.</p> <h3> <strong>The Analyst</strong></h3> <p>Analyst Chad Vanacore downgraded his ratings on each of the following names from Buy to Hold and made the following price target changes:&nbsp;</p> <ul> <li> <strong>Healthcare Realty Trust Inc </strong> (NYSE: <a class="ticker" href="http://www.benzinga.com/stock/hr#NYSE">HR</a>): price target trimmed from $30 to $28</li> <li> <strong>Healthcare Trust Of America Inc </strong> (NYSE: <a class="ticker" href="http://www.benzinga.com/stock/hta#NYSE">HTA</a>): price target lowered from $32 to $27.</li> <li> <strong>Physicians Realty Trust </strong> (NYSE: <a class="ticker" href="http://www.benzinga.com/stock/doc#NYSE">DOC</a>): price target reduced from $18 to $17.</li> </ul> <p>The analyst also lowered his outlook for the medical office building REIT ...</p><p><a href=http://www.benzinga.com/analyst-ratings/analyst-color/18/04/11574037/stifel-downgrades-3-medical-office-reits-as-rising-rate alt=Stifel Downgrades 3 Medical Office REITs As Rising Rates Pressure Cost Of Capital, Investment Spreads>Full story available on Benzinga.com</a></p> Analyst Color Chad Vanacore DOC HR HTA REIT Stifel Downgrades Price Target Analyst Ratings Real Estate HR US4219461047 HTA DOC Analyst Color REIT Downgrades Price Target Analyst Ratings Real Estate Benzinga Wed, 25 Apr 2018 20:30:21 +0000 Shanthi Rexaline 11574037 at www.benzinga.com Clayton Home Building Group Earns 2018 MHI Manufacturer of the Year http://www.benzinga.com/pressreleases/18/04/r11577845/clayton-home-building-group-earns-2018-mhi-manufacturer-of-the-year <div xmlns="http://www.w3.org/1999/xhtml" class="xn-newslines"> <h1 xmlns="http://www.w3.org/1999/xhtml" class="xn-hedline">Clayton Home Building Group Earns 2018 MHI Manufacturer of the Year</h1> <h2 xmlns="http://www.w3.org/1999/xhtml" class="xn-hedline">Berkshire Hathaway company secures top Manufactured Housing Institute award for second consecutive year</h2> <p xmlns="http://www.w3.org/1999/xhtml" class="xn-distributor">PR Newswire</p> <p xmlns="http://www.w3.org/1999/xhtml" class="xn-dateline">MARYVILLE, Tenn., April 25, 2018</p> </div> <div xmlns="http://www.w3.org/1999/xhtml" class="xn-content"> <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">MARYVILLE, Tenn.</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">April 25, 2018</span> /PRNewswire/ -- Clayton home building group, <a xmlns="http://www.w3.org/1999/xhtml" target="_blank" href="https://www.claytonhomes.com/our-building-process" rel="nofollow" rel="nofollow">one of America&#39;s largest homebuilders</a>, today was named 2018 Manufacturer of the Year for the second consecutive year during MHI&#39;s National Congress and Expo for Manufactured and Modular Housing in <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Las Vegas</span>.</p> <div xmlns="http://www.w3.org/1999/xhtml" class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder1"> <p xmlns="http://www.w3.org/1999/xhtml" title="Builder&#039;s Creed"> <object xmlns="http://www.w3.org/1999/xhtml" width="560" height="315" classid="clsid:D27CDB6E-AE6D-11cf-96B8-444553540000"><param xmlns="http://www.w3.org/1999/xhtml" name="movie" value="https://stream1.newswire.ca/static/StrobeMediaPlayback.swf" /><param xmlns="http://www.w3.org/1999/xhtml" name="flashvars" value="src=https://mma.prnewswire.com/media/682465/Clayton_Homes___Builder_s_Creed_R02_1__1.mp4&amp;poster=" /><param xmlns="http://www.w3.org/1999/xhtml" name="value=" /><param xmlns="http://www.w3.org/1999/xhtml" name="allowscriptaccess" value="always" /><embed xmlns="http://www.w3.org/1999/xhtml" src="https://stream1.newswire.ca/static/StrobeMediaPlayback.swf" type="application/x-shockwave-flash" allowscriptaccess="always" true_="true_" width="560" height="315" flashvars="src=https://mma.prnewswire.com/media/682465/Clayton_Homes___Builder_s_Creed_R02_1__1.mp4&amp;poster="></embed></object></p> </div> <p xmlns="http://www.w3.org/1999/xhtml">Clayton home building group holds a long-standing membership with MHI, the national trade organization for the factory-built housing industry. Its membership includes builders, retail home centers, community owners, suppliers and 50 affiliated state organizations. </p> <p xmlns="http://www.w3.org/1999/xhtml">&#34;On behalf of our 11,000 ...</p></div><p><a href=http://www.benzinga.com/pressreleases/18/04/r11577845/clayton-home-building-group-earns-2018-mhi-manufacturer-of-the-year alt=Clayton Home Building Group Earns 2018 MHI Manufacturer of the Year>Full story available on Benzinga.com</a></p> Awards commercial real estate Residential Real Estate Press Releases Real Estate Press Releases Real Estate Benzinga Wed, 25 Apr 2018 20:30:00 +0000 PRNewswire 11577845 at www.benzinga.com Cousins Properties Releases First Quarter 2018 Results http://www.benzinga.com/pressreleases/18/04/r11577704/cousins-properties-releases-first-quarter-2018-results <div xmlns="http://www.w3.org/1999/xhtml" class="xn-newslines"> <h1 xmlns="http://www.w3.org/1999/xhtml" class="xn-hedline">Cousins Properties Releases First Quarter 2018 Results</h1> <p xmlns="http://www.w3.org/1999/xhtml" class="xn-distributor">PR Newswire</p> <p xmlns="http://www.w3.org/1999/xhtml" class="xn-dateline">ATLANTA, April 25, 2018</p> </div> <div xmlns="http://www.w3.org/1999/xhtml" class="xn-content"> <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">ATLANTA</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">April 25, 2018</span> /PRNewswire/ -- Cousins Properties (NYSE:<a class="ticker" href="http://www.benzinga.com/stock/CUZ#NYSE" rel="nofollow">CUZ</a>) has released its first quarter 2018 results. Please visit the Investor Relations section of Cousins&#39; website at <a xmlns="http://www.w3.org/1999/xhtml" target="_blank" href="http://www.cousinsproperties.com/" rel="nofollow" rel="nofollow">www.cousins.com</a> to access the Earnings Release, Supplemental Information and Form 10-Q. </p> <p xmlns="http://www.w3.org/1999/xhtml">Cousins will conduct a conference call at <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">10:00 a.m. (Eastern Time) on Thursday</span>, April 26, 2018 to discuss ...</p></div><p><a href=http://www.benzinga.com/pressreleases/18/04/r11577704/cousins-properties-releases-first-quarter-2018-results alt=Cousins Properties Releases First Quarter 2018 Results>Full story available on Benzinga.com</a></p> Banking/Financial Services commercial real estate Conference Call Announcements CUZ Earnings Press Releases Real Estate CUZ US2227951066 Earnings Press Releases Real Estate Benzinga Wed, 25 Apr 2018 20:22:00 +0000 PRNewswire 11577704 at www.benzinga.com NorthStar Realty Europe Announces First Quarter 2018 Earnings Conference Call Date http://www.benzinga.com/pressreleases/18/04/r11577526/northstar-realty-europe-announces-first-quarter-2018-earnings-conferen <div xmlns="http://www.w3.org/1999/xhtml" class="xn-newslines"> <h1 xmlns="http://www.w3.org/1999/xhtml" class="xn-hedline">NorthStar Realty Europe Announces First Quarter 2018 Earnings Conference Call Date</h1> <p xmlns="http://www.w3.org/1999/xhtml" class="xn-distributor">PR Newswire</p> <p xmlns="http://www.w3.org/1999/xhtml" class="xn-dateline">NEW YORK, April 25, 2018</p> </div> <div xmlns="http://www.w3.org/1999/xhtml" class="xn-content"> <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">NEW YORK</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">April 25, 2018</span> /PRNewswire/ --</p> <p xmlns="http://www.w3.org/1999/xhtml">NorthStar Realty Europe Corp. (NYSE:<a class="ticker" href="http://www.benzinga.com/stock/NRE#NYSE" rel="nofollow">NRE</a>) (&#34;NorthStar Realty Europe&#34;) today announced that it will host a conference call to discuss First Quarter 2018 financial and operating results on <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">Thursday, May 10, 2018</span> at <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">9:00 a.m. ET</span> (<span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">14:00 GMT</span>). Hosting the call will be <span xmlns="http://www.w3.org/1999/xhtml" class="xn-person">Mahbod Nia</span>, Chief Executive Officer, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-person">Keith Feldman</span>, Chief Financial Officer and <span xmlns="http://www.w3.org/1999/xhtml" class="xn-person">Trevor Ross</span>, General Counsel. </p> <p xmlns="http://www.w3.org/1999/xhtml">A press release with First Quarter 2018 financial and operating results of NorthStar Realty Europe is scheduled to be issued before market open on the day.</p> <p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">Conference call details:  </b>  <br xmlns="http://www.w3.org/1999/xhtml" /><br /> +1 866 966 5335 (U.S. Toll Free)<br xmlns="http://www.w3.org/1999/xhtml" /><br /> +44 (0) 20 3003 2666 (International)<br xmlns="http://www.w3.org/1999/xhtml" /><br /> 0808 109 0700 (UK Toll Free)<br xmlns="http://www.w3.org/1999/xhtml" /><br /> Passcode: NorthStar</p> <p xmlns="http://www.w3.org/1999/xhtml">The ...</p></div><p><a href=http://www.benzinga.com/pressreleases/18/04/r11577526/northstar-realty-europe-announces-first-quarter-2018-earnings-conferen alt=NorthStar Realty Europe Announces First Quarter 2018 Earnings Conference Call Date>Full story available on Benzinga.com</a></p> Accounting news, issues Banking/Financial Services CLNS commercial real estate Conference Call Announcements Earnings NRE Residential Real Estate Press Releases Real Estate NRE CLNS Earnings Press Releases Real Estate Benzinga Wed, 25 Apr 2018 20:15:00 +0000 PRNewswire 11577526 at www.benzinga.com Retail Opportunity Investments Corp. Reports 2018 First Quarter Results http://www.benzinga.com/pressreleases/18/04/g11577522/retail-opportunity-investments-corp-reports-2018-first-quarter-results <link type="text/css" rel="stylesheet" href="http://www.globenewswire.com/styles/gnw_nitf.css" /> <p align="justify">SAN DIEGO, April 25, 2018 (GLOBE NEWSWIRE) -- Retail Opportunity Investments Corp. (NASDAQ:<a class="ticker" href="http://www.benzinga.com/stock/ROIC#NASDAQ" rel="nofollow">ROIC</a>) announced today financial and operating results for the three months ended March 31, 2018.<br /></p> <p align="center"><strong>HIGHLIGHTS</strong></p> <ul> <li><strong><em>$10.7 million of net income attributable to common stockholders ($0.09 per diluted share)</em></strong></li> <li><strong><em>$37.0 million of Funds From Operations<sup>(1)</sup> ($0.30 per diluted share)</em></strong></li> <li><strong><em>97.4% portfolio lease rate at March 31, 2018 (15th consecutive quarter at or above 97%)</em></strong></li> <li><strong><em>424,342 square feet of leases executed (record first quarter activity)</em></strong></li> <li><strong><em>21.6% increase in same-space comparative cash rents on new leases (8.3% on renewals)</em></strong></li> <li><strong><em>2.4% increase in same-center cash net operating income (1Q&#039;18 vs. 1Q&#039;17)</em></strong></li> <li><strong><em>$19.0 million grocery-anchored shopping center acquired</em></strong></li> <li><strong><em>$10.1 million mortgage retired (93.6% of portfolio GLA unencumbered at March 31, 2018)</em></strong></li> <li><strong><em>$0.1950 per share quarterly cash dividend paid</em></strong></li> </ul> <p><strong><em>         __________________________</em></strong><br /><em><sup>(1)</sup></em><em> A reconciliation of GAAP net income to Funds From Operations (FFO) is provided at the end of this press release.</em></p> <p align="justify">Stuart A. Tanz, President and Chief Executive Officer of Retail Opportunity Investments Corp. stated, "As 2018 gets fully underway, we are off to another solid start.  Demand for space from a broad and growing number of retailers continues to accelerate across our portfolio, as evidenced by our record, first quarter leasing activity.  Additionally, we again achieved a portfolio lease rate above 97%, as well as strong, same-space rent increases, averaging 21.6% on new leases executed during the first quarter."  Along with the strong demand from new retailers seeking space at our shopping centers, an increasing number of our existing, necessity-based tenants are proactively seeking to renew their leases well ahead of schedule, which is indicative of the long-term appeal of our properties and fundamental strength of our core West Coast markets." Tanz concluded, "Given our performance to date, we are on track thus far to meet our previously stated guidance of achieving FFO between $1.16 and $1.20 per diluted share for 2018."</p> <p align="center"><strong>FINANCIAL SUMMARY</strong></p> <p align="justify">For the three months ended March 31, 2018, GAAP net income attributable to common stockholders was $10.7 million, or $0.09 per diluted share, as compared to GAAP net income attributable to common stockholders of $10.2 million, or $0.09 per diluted share, for the three months ended March 31, 2017.  FFO for the first quarter of 2018 was $37.0 million, or $0.30 per diluted share, as compared to $34.3 million in FFO, or $0.28 per diluted share for the first quarter of 2017.  Included in GAAP net income and FFO for the first quarter of 2018 was $2.2 million of lease settlement income received in connection with a property currently lined up to be sold that is slated for new, multi-family development.  ROIC reports FFO as a supplemental performance measure in accordance with the definition set forth by the National Association of Real Estate Investment Trusts.  A reconciliation of GAAP net income to FFO is provided at the end of this press release.</p> <p align="justify">At March 31, 2018, ROIC had a total market capitalization of approximately $3.7 billion with approximately $1.5 billion of principal debt outstanding, equating to a 40.8% debt-to-total market capitalization ratio.  ROIC&#039;s principal debt outstanding was comprised of $96.0 million of mortgage debt and approximately $1.4 billion of unsecured debt, including $159.5 million outstanding on its unsecured revolving credit facility at March 31, 2018.  During the first quarter, ROIC retired a $10.1 million mortgage.  ROIC&#039;s interest coverage for the first quarter was 3.4 times and 93.6% of its portfolio was unencumbered at March 31, 2018 (based on gross leasable area).</p> <p align="center"><strong>ACQUISITION SUMMARY</strong></p> <p align="justify"><strong>Stadium Center</strong></p> <p align="justify">In February 2018, ROIC acquired Stadium Center for $19.0 million.  The shopping center is approximately 49,000 square feet and is anchored by Thriftway Supermarket.  The property is located in Tacoma, Washington, within the Seattle metropolitan area, and is currently 100% leased.</p> <p align="justify"><strong>King City Plaza</strong></p> <p align="justify">ROIC has a binding contract to acquire King City Plaza for $15.6 million.  The shopping center is approximately 63,000 square feet and is anchored by Grocery Outlet Supermarket and McCann&#039;s Pharmacy.  The property is located in King City, Oregon, within the Portland metropolitan area, and is currently 100% leased.</p> <p align="center"><strong>PROPERTY OPERATIONS SUMMARY</strong></p> <p align="justify">At March 31, 2018, ROIC&#039;s portfolio was 97.4% leased.  For the first quarter of 2018, same-center net operating income (NOI) was $42.9 million, as compared to $41.8 million in same-center NOI for the first quarter of 2017, representing a 2.4% increase.  ROIC reports same-center comparative NOI on a cash basis.  A reconciliation of GAAP operating income to same-center comparative NOI is provided at the end of this press release.</p> <p align="justify">During the first quarter of 2018, ROIC executed 94 leases, totaling 424,342 square feet, including 26 new leases, totaling 85,346 square feet, achieving a 21.6% increase in same-space comparative base rent, and 68 renewed leases, totaling 338,996 square feet, achieving an 8.3% increase in base rent.   ROIC reports same-space comparative base rent on a cash basis.</p> <p align="center"><strong>CASH DIVIDEND</strong></p> <p align="justify">On March 29, 2018, ROIC distributed a $0.1950 per share cash dividend.  On April 25, 2018, ROIC&#039;s board of directors declared a cash dividend of $0.1950 per share, payable on June 28, 2018 to stockholders of record on June 14, 2018.</p> <p align="center"><strong>CONFERENCE CALL</strong></p> <p align="justify">ROIC will conduct a conference call and audio webcast to discuss its results on Thursday, April 26, 2018 at 9:00 a.m. Eastern Time / 6:00 a.m. Pacific Time.  Those interested in participating in the conference call should dial (877) 312-8783 (domestic), or (408) 940-3874 (international) at least ten minutes prior to the scheduled start of the call. When prompted, provide the Conference ID: 7872779. A live webcast will also be available in listen-only mode at <strong><a href="https://www.globenewswire.com/Tracker?data=levTqTLVjsa5UlzB_PbQ2O1VfkGmh4S_3qrdW4m03-vA2k8Es7Z_GRusrwlw9Wb76SBgOWsT35WyRnQ0rMgvjIEvOlICApBcMvH3FrYmSKs=" rel="nofollow" target="_blank" rel="nofollow">http://www.roireit.net/</a></strong>.  The conference call will be recorded and available for replay beginning at 12:00 p.m. Eastern Time on April 26, 2018 and will be available until 11:59 p.m. Eastern Time on May 3, 2018. To access the conference call recording, dial (855) 859-2056 (domestic) or (404) 537-3406 (international) and use the Conference ID: 7872779. The conference call will also be archived on <strong><a href="https://www.globenewswire.com/Tracker?data=levTqTLVjsa5UlzB_PbQ2O1VfkGmh4S_3qrdW4m03-vUnH0UIWNM3_RYZ9ZDdxFKLufFNZZTved0ncxALhoMJQZJ3ACLJo5HgA9vWAirfZE=" rel="nofollow" target="_blank" rel="nofollow">http://www.roireit.net/</a></strong> for approximately 90 days.</p> <p align="center"><strong>ABOUT RETAIL OPPORTUNITY INVESTMENTS CORP.</strong></p> <p align="justify">Retail Opportunity Investments Corp. (NASDAQ:<a class="ticker" href="http://www.benzinga.com/stock/ROIC#NASDAQ" rel="nofollow">ROIC</a>), is a fully-integrated, self-managed real estate investment trust (REIT) that specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely-populated, metropolitan markets across the West Coast.  As of March 31, 2018, ROIC owned 91 shopping centers encompassing approximately 10.5 million square feet.  ROIC is the largest publicly-traded, grocery-anchored shopping center REIT focused exclusively on the West Coast.  ROIC is a member of the S&amp;P SmallCap 600 Index and has investment-grade corporate debt ratings from Moody&#39;s Investor Services and Standard &amp; Poor&#39;s.  Additional information is available at: <a href="https://www.globenewswire.com/Tracker?data=9g1_xy7GXeRpqFF7_8ruNOsVi0vLs4rzN5UpVuwWHf6oKyVg3wRLybRott31_GQMq3pcVsl5AcZQlQFQylslAA==" rel="nofollow" target="_blank" rel="nofollow">www.roireit.net</a>.</p> <p align="justify"><em>When used herein, the words &#34;believes,&#34; &#34;anticipates,&#34; &#34;projects,&#34; &#34;should,&#34; &#34;estimates,&#34; &#34;expects,&#34; "guidance" and similar expressions are intended to identify forward-looking statements with the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and in Section 21F of the Securities and Exchange Act of 1934, as amended. Certain statements contained herein may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.  Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results of ROIC to differ materially from future results expressed or implied by such forward-looking statements.   Information regarding such risks and factors is described in ROIC&#39;s filings with the SEC, including its most recent Annual Report on Form 10-K, which is available at: </em><em><a href="https://www.globenewswire.com/Tracker?data=9g1_xy7GXeRpqFF7_8ruNBfGfScHIpGYuU_HOg5_GQ4eKr8_lxiWPSpyrq3K3gDzxuT8bCZ9fBx7yoebBTe4RQ==" rel="nofollow" target="_blank" rel="nofollow">www.roireit.net</a></em><em>.</em></p> <table class="gnw_table_border_collapse hugin" style="width:100%; border-collapse:collapse !important;"> <tr> <td class="gnw_vertical_align_bottom gnw_align_center hugin" colspan="8"> </td> </tr> <tr> <td class="gnw_vertical_align_bottom gnw_align_center hugin" colspan="8"><strong>RETAIL OPPORTUNITY INVESTMENTS CORP.</strong></td> </tr> <tr> <td class="gnw_vertical_align_bottom gnw_align_center hugin" colspan="8"><strong>Consolidated Balance Sheets<strong><br /></strong></strong></td> </tr> <tr> <td class="gnw_vertical_align_bottom gnw_align_center hugin" colspan="8">(In thousands, except share data)</td> </tr> <tr> <td class="gnw_vertical_align_bottom gnw_align_center hugin" ...</tr></table><p><a href=http://www.benzinga.com/pressreleases/18/04/g11577522/retail-opportunity-investments-corp-reports-2018-first-quarter-results alt=Retail Opportunity Investments Corp. Reports 2018 First Quarter Results>Full story available on Benzinga.com</a></p> Earnings ROIC Press Releases Real Estate ROIC US76131N1019 Earnings Press Releases Real Estate Benzinga Wed, 25 Apr 2018 20:15:00 +0000 Globe Newswire 11577522 at www.benzinga.com AGNC Investment Corp. Announces First Quarter 2018 Financial Results http://www.benzinga.com/pressreleases/18/04/r11577130/agnc-investment-corp-announces-first-quarter-2018-financial-results <div xmlns="http://www.w3.org/1999/xhtml" class="xn-newslines"> <h1 xmlns="http://www.w3.org/1999/xhtml" class="xn-hedline">AGNC Investment Corp. Announces First Quarter 2018 Financial Results</h1> <p xmlns="http://www.w3.org/1999/xhtml" class="xn-distributor">PR Newswire</p> <p xmlns="http://www.w3.org/1999/xhtml" class="xn-dateline">BETHESDA, Md., April 25, 2018</p> </div> <div xmlns="http://www.w3.org/1999/xhtml" class="xn-content"> <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">BETHESDA, Md.</span>, April 25, 2018 /PRNewswire/ -- AGNC Investment Corp. (&#34;AGNC&#34; or the &#34;Company&#34;) (NASDAQ:<a class="ticker" href="http://www.benzinga.com/stock/AGNC#NASDAQ" rel="nofollow">AGNC</a>) today announced financial results for the quarter ended March 31, 2018. </p> <p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">FIRST QUARTER 2018 FINANCIAL HIGHLIGHTS </b></p> <ul xmlns="http://www.w3.org/1999/xhtml" type="disc"> <li xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$(0.53)</span> comprehensive loss per common share, comprised of: </li> <ul xmlns="http://www.w3.org/1999/xhtml" type="circle"> <li xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$1.06</span> net income per common share </li> <li xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$(1.59)</span> other comprehensive loss (&#34;OCI&#34;) per common share on investments marked-to-market through OCI</li> </ul> <li xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$0.60</span> net spread and dollar roll income per common share, excluding estimated &#34;catch-up&#34; premium amortization benefit <sup xmlns="http://www.w3.org/1999/xhtml">1</sup> </li> <ul xmlns="http://www.w3.org/1999/xhtml" type="circle"> <li xmlns="http://www.w3.org/1999/xhtml">Includes <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$0.16</span> per common share of dollar roll income associated with the Company&#39;s <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$15.6 billion</span> average net long position in forward purchases and sales of Agency mortgage-backed securities (&#34;MBS&#34;) in the &#34;to-be-announced&#34; (&#34;TBA&#34;) market </li> <li xmlns="http://www.w3.org/1999/xhtml">Excludes <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$0.05</span> per common share of estimated &#34;catch-up&#34; premium amortization benefit due to change in projected constant prepayment rate (&#34;CPR&#34;) estimates</li> </ul> <li xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$18.63</span> tangible net book value per common share as of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">March 31, 2018</span> </li> <ul xmlns="http://www.w3.org/1999/xhtml" type="circle"> <li xmlns="http://www.w3.org/1999/xhtml">Decreased <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$(1.06)</span> per common share, or -5.4%, from <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$19.69</span> per common share as of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">December 31, 2017</span> </li> <li xmlns="http://www.w3.org/1999/xhtml">Excludes <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$550 million</span>, or <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$1.41</span> per common share, of goodwill and other intangible assets as of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">March 31, 2018</span></li> </ul> <li xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$0.54</span> dividends declared per common share during the quarter </li> <li xmlns="http://www.w3.org/1999/xhtml">-2.6% economic return on tangible common equity for the quarter </li> <ul xmlns="http://www.w3.org/1999/xhtml" type="circle"> <li xmlns="http://www.w3.org/1999/xhtml">Comprised of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$0.54</span> dividends per common share and <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$(1.06)</span> decrease in tangible net book value per common share</li> </ul> </ul> <p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">OTHER FIRST QUARTER HIGHLIGHTS </b></p> <ul xmlns="http://www.w3.org/1999/xhtml" type="disc"> <li xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$69.3 billion</span> investment portfolio as of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">March 31, 2018</span>, comprised of: </li> <ul xmlns="http://www.w3.org/1999/xhtml" type="circle"> <li xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$54.8 billion</span> Agency MBS </li> <li xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$13.6 billion</span> TBA mortgage position </li> <li xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$0.9 billion</span> credit risk transfer (&#34;CRT&#34;) and non-Agency securities</li> </ul> <li xmlns="http://www.w3.org/1999/xhtml">8.2x tangible net book value &#34;at risk&#34; leverage as of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">March 31, 2018</span> </li> <ul xmlns="http://www.w3.org/1999/xhtml" type="circle"> <li xmlns="http://www.w3.org/1999/xhtml">8.2x average tangible net book value &#34;at risk&#34; leverage for the quarter</li> </ul> <li xmlns="http://www.w3.org/1999/xhtml">8.6% portfolio CPR for the quarter </li> <ul xmlns="http://www.w3.org/1999/xhtml" type="circle"> <li xmlns="http://www.w3.org/1999/xhtml">7.6% average projected portfolio life CPR as of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">March 31, 2018</span></li> </ul> <li xmlns="http://www.w3.org/1999/xhtml">1.26% annualized net interest margin and TBA dollar roll income for the quarter, excluding estimated &#34;catch-up&#34; premium amortization benefit </li> <ul xmlns="http://www.w3.org/1999/xhtml" type="circle"> <li xmlns="http://www.w3.org/1999/xhtml">Excludes 12 bps of &#34;catch up&#34; premium amortization benefit due to change in projected CPR estimates </li> <li xmlns="http://www.w3.org/1999/xhtml">Decreased from 1.36% for the prior quarter, excluding -2 bps of &#34;catch-up&#34; premium amortization cost </li> </ul> </ul> <p xmlns="http://www.w3.org/1999/xhtml">1.   Represents a non-GAAP measure.  Please refer to a reconciliation to the most applicable GAAP measure and additional information regarding the use of non-GAAP financial information later in this release.</p> <p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">MANAGEMENT REMARKS<br xmlns="http://www.w3.org/1999/xhtml" /></b>&#34;The key market dynamics from 2017 - low volatility, steadily increasing equity valuations, stable longer-term rates, and tighter credit spreads - reversed course dramatically during the first quarter of 2018.   On the interest rate front, the 10-year U.S. Treasury rate rose 33 basis points, while shorter maturity Treasury rates and swap rates generally increased between 40 and 50 basis points.  Consistent with the increase in volatility and wider credit spreads, spreads on Agency mortgage-backed securities (&#34;Agency MBS&#34;) relative to benchmarks widened close to 10 basis points and were the primary driver of AGNC&#39;s book value decline during the first quarter,&#34; commented Gary Kain, the Company&#39;s Chief Executive Officer and Chief Investment Officer.  &#34;Fortunately, AGNC was very well positioned for the interest rate move as a direct result of the actions we took in the fourth quarter of last year to limit our duration gap.  Our historically high hedge ratio minimized the impact of the movement in interest rates on our economic return and will continue to limit our exposure to further rate increases.</p> <p xmlns="http://www.w3.org/1999/xhtml">&#34;While wider Agency MBS spreads were a significant contributor to the decline in our net book value in the first quarter, they also serve to improve the go-forward return profile of our new Agency MBS investment opportunities.  As such, we continue to believe that Agency MBS provide the most attractive risk-adjusted returns for levered investors, especially when favorable funding trends are considered.  By contrast, valuations of credit-sensitive mortgage investments returned to their recent highs in April, in turn reducing expected levered returns to levels that, in general, we do not find attractive.&#34;</p> <p xmlns="http://www.w3.org/1999/xhtml">&#34;Late in the first quarter, the favorable funding dynamics for Agency MBS that we have discussed for several quarters improved meaningfully, augmenting our absolute return potential from Agency MBS,&#34; added Peter Federico, the Company&#39;s President and Chief Operating Officer.  &#34;Specifically, the spread between Agency MBS repo funding and corresponding LIBOR rates widened significantly during the quarter, particularly in March.  This favorable spread differential will increasingly manifest itself as our pay fixed-receive floating rate swaps reset, reducing the cost of these hedges and providing a tailwind to our cost of funds and, in turn, our net spread income.  Finally, our currently high hedge ratio, limited duration gap and modest leverage provide several levers to enhance returns as market conditions evolve.&#34;<br xmlns="http://www.w3.org/1999/xhtml" /></p> <p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">TANGIBLE NET BOOK VALUE PER COMMON SHARE<br xmlns="http://www.w3.org/1999/xhtml" /></b>As of March 31, 2018, the Company&#39;s tangible net book value per common share was <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$18.63</span> per share, compared to <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$19.69</span> per share as of December 31, 2017.  The decline of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$(1.06)</span> per common share, or -5.4%, was primarily due to wider mortgage spreads and, to a lesser extent, higher long-term rates during the first quarter.  The Company&#39;s tangible net book value per common share excludes <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$550 million</span>, or <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$1.41</span> per common share, of goodwill and other intangible assets as of March 31, 2018. </p> <p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">INVESTMENT PORTFOLIO<br xmlns="http://www.w3.org/1999/xhtml" /></b>As of March 31, 2018, the Company&#39;s investment portfolio totaled <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$69.3 billion</span>, comprised of:</p> <ul xmlns="http://www.w3.org/1999/xhtml" type="disc"> <li xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$68.4 billion</span> of Agency MBS and TBA securities, including: </li> <ul xmlns="http://www.w3.org/1999/xhtml" type="circle"> <li xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$67.3 billion</span> of fixed-rate securities, comprised of: </li> <ul xmlns="http://www.w3.org/1999/xhtml" type="square"> <li xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$44.2 billion</span> 30-year fixed-rate securities, </li> <li xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$9.7 billion</span> 30-year TBA securities, </li> <li xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$8.8 billion</span> 15-year securities, </li> <li xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$3.9 billion</span> 15-year TBA securities, and </li> <li xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$0.7 billion</span> 20-year fixed-rate securities; </li> </ul> <li xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$0.8 billion</span> of collateralized mortgage obligations (&#34;CMOs&#34;); and </li> <li xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$0.3 billion</span> of adjustable-rate securities; </li> </ul> <li xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$0.9 billion</span> of CRT and non-Agency securities; and </li> <li xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$42 million</span> of investments in REIT equity securities consisting of shares of MTGE Investment Corp. common stock. </li> </ul> <p xmlns="http://www.w3.org/1999/xhtml">As of March 31, 2018, inclusive of TBA securities, 30-year and 15-year Agency MBS fixed rate securities represented 78% and 18% of the Company&#39;s investment portfolio, respectively, largely unchanged from 77% and 19%, respectively, as of December 31, 2017. <br xmlns="http://www.w3.org/1999/xhtml" /></p> <p xmlns="http://www.w3.org/1999/xhtml">As of March 31, 2018, the Company&#39;s fixed-rate Agency MBS, inclusive of TBA securities, had a weighted average coupon of 3.57%, compared to 3.55% as of December 31, 2017, comprised of the following weighted average coupons:</p> <ul xmlns="http://www.w3.org/1999/xhtml" type="disc"> <li xmlns="http://www.w3.org/1999/xhtml">3.66% for 30-year fixed-rate securities; </li> <li xmlns="http://www.w3.org/1999/xhtml">3.20% for 15-year fixed rate securities; and </li> <li xmlns="http://www.w3.org/1999/xhtml">3.52% for 20-year fixed-rate securities.</li> </ul> <p xmlns="http://www.w3.org/1999/xhtml">The Company accounts for TBA securities (or &#34;dollar roll funded assets&#34;) as derivative instruments and recognizes dollar roll income in other gain (loss), net on the Company&#39;s financial statements.  As of March 31, 2018, the Company&#39;s net TBA position had a total fair value of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$13.6 billion</span> and a GAAP net carrying value of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$82 million</span> reported in derivative assets/(liabilities) on the Company&#39;s balance sheet, compared to a total fair value of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$15.7 billion</span> and a GAAP net carrying value of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$3 million</span> as of December 31, 2017.  <br xmlns="http://www.w3.org/1999/xhtml" /></p> <p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">CONSTANT PREPAYMENT RATES<br xmlns="http://www.w3.org/1999/xhtml" /></b>The Company&#39;s investment portfolio had a weighted average CPR of 8.6% for the first quarter, compared to 10.1% for the prior quarter.  The weighted average projected CPR for the remaining life of the Company&#39;s Agency securities held as of March 31, 2018 was 7.6%, compared to 8.4% as of December 31, 2017.<br xmlns="http://www.w3.org/1999/xhtml" /></p> <p xmlns="http://www.w3.org/1999/xhtml">The weighted average cost basis of the Company&#39;s investment portfolio was 104.7% of par value as of March 31, 2018.  Net premium amortization cost on the Company&#39;s investment portfolio for the first quarter was <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$(69) million</span>, or <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$(0.18)</span> per common share, which includes a &#34;catch-up&#34; premium amortization benefit of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$21 million</span>, or <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$0.05</span> per common share, due to changes in the Company&#39;s projected CPR estimates for securities acquired prior to the first quarter.  This compares to net premium amortization cost for the prior quarter of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$(96) million</span>, or <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$(0.25)</span> per common share, including &#34;catch-up&#34; premium amortization cost of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$(3) million</span>, or <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$(0.01)</span> per common share. <br xmlns="http://www.w3.org/1999/xhtml" /></p> <p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">ASSET YIELDS, COST OF FUNDS AND NET INTEREST RATE SPREAD<br xmlns="http://www.w3.org/1999/xhtml" /></b>The Company&#39;s average asset yield on its investment portfolio, excluding the net TBA position, was 3.05% for the first quarter, compared to 2.84% for the prior quarter.  Excluding &#34;catch-up&#34; premium amortization, the Company&#39;s average asset yield was 2.90% for the first quarter, compared to 2.86% for the prior quarter. The Company&#39;s average asset yield including TBA securities and excluding &#34;catch-up&#34; premium amortization for the first quarter was 2.94%, an increase from 2.88% for the prior quarter. <br xmlns="http://www.w3.org/1999/xhtml" /></p> <p xmlns="http://www.w3.org/1999/xhtml">For the first quarter, the weighted average interest rate on the Company&#39;s Agency repurchase agreements was 1.69%, compared to 1.43% for the prior quarter.  The Company&#39;s average implied TBA funding cost was 1.49% for the first quarter, compared to 1.23% for the prior quarter.  Inclusive of interest rate swap costs, the Company&#39;s combined average cost of funds for the first quarter was 1.68%, an increase from 1.52% for the prior quarter.  <br xmlns="http://www.w3.org/1999/xhtml" /></p> <p xmlns="http://www.w3.org/1999/xhtml">The Company&#39;s annualized net interest margin, including TBA securities and interest rate swap costs, was 1.38% for the first quarter, compared to 1.35% for the prior quarter.  Excluding &#34;catch-up&#34; premium amortization, the Company&#39;s combined annualized net interest margin for the first quarter was 1.26%, compared to 1.36% for the prior quarter. <br xmlns="http://www.w3.org/1999/xhtml" /></p> <p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">NET SPREAD AND DOLLAR ROLL INCOME <br xmlns="http://www.w3.org/1999/xhtml" /></b>The Company recognized <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$0.65</span> per common share of net spread and dollar roll income (a non-GAAP financial measure) for the first quarter, compared to <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$0.62</span> for the prior quarter.  Excluding &#34;catch-up&#34; premium amortization, the Company&#39;s net spread and dollar roll income was <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$0.60</span> per common share for the first quarter, a decrease from <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$0.63</span> per common share for the prior quarter.  A reconciliation of the Company&#39;s net interest income to net spread and dollar roll income and additional information regarding the Company&#39;s use of non-GAAP measures are included later in this release. <br xmlns="http://www.w3.org/1999/xhtml" /></p> <p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">LEVERAGE<br xmlns="http://www.w3.org/1999/xhtml" /></b>As of March 31, 2018, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$49.0 billion</span> of Agency repo, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$13.5 billion</span> of TBA dollar roll positions (at cost) and <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$0.3 billion</span> of other debt were used to fund the Company&#39;s investment portfolio.  Inclusive of its net TBA position and net payable/(receivable) for unsettled securities, the Company&#39;s tangible net book value &#34;at risk&#34; leverage ratio was 8.2x as of March 31, 2018, compared to 8.1x as of December 31, 2017.<br xmlns="http://www.w3.org/1999/xhtml" /></p> <p xmlns="http://www.w3.org/1999/xhtml">As of March 31, 2018, the Company&#39;s Agency repurchase agreements had a weighted average interest rate of 1.82%, an increase from 1.57% as of December 31, 2017, and a weighted average remaining days to maturity of 109 days, compared to 116 days as of December 31, 2017.  As of March 31, 2018, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$18.8 billion</span>, or 38%, of the Company&#39;s Agency repurchase agreements were funded through the Company&#39;s captive broker-dealer subsidiary, Bethesda Securities, LLC, compared to <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$16.6 billion</span>, or 33%, as of December 31, 2017.<br xmlns="http://www.w3.org/1999/xhtml" /></p> <p xmlns="http://www.w3.org/1999/xhtml">As of March 31, 2018, the Company&#39;s Agency repurchase agreements had remaining maturities of:<br xmlns="http://www.w3.org/1999/xhtml" /></p> <ul xmlns="http://www.w3.org/1999/xhtml" type="disc"> <li xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$37.8 billion</span> of three months or less; </li> <li xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$3.4 billion</span> from three to six months; </li> <li xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$4.2 billion</span> from six to twelve months; and </li> <li xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$3.6 billion</span> from one to three years.</li> </ul> <p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">HEDGING ACTIVITIES<br xmlns="http://www.w3.org/1999/xhtml" /></b>As of March 31, 2018, 103% of the Company&#39;s outstanding balance of Agency repurchase agreements, other debt and net TBA position was hedged with interest rate swaps, swaptions and U.S. Treasury positions, compared to 97% as of December 31, 2017.</p> <p xmlns="http://www.w3.org/1999/xhtml">As of March 31, 2018, the Company&#39;s interest rate swap position totaled <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$45.3 billion</span> in notional amount, compared to <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$43.7 billion</span> as of December 31, 2017.  The Company&#39;s interest rate swap position as of March 31, 2018 included <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$2.5 billion</span> of forward starting swaps, with an average forward start date of 0.4 years, compared to <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$4.6 billion</span> and 0.3 years, respectively, as of December 31, 2017.   Including forward starting swaps, the Company&#39;s interest rate swap portfolio had an average fixed pay rate of 1.82%, an average receive rate of 1.90% and an average maturity of 4.5 years as of March 31, 2018, compared to 1.74%, 1.44% and 4.5 years, respectively, as of December 31, 2017.  Excluding forward starting swaps, the Company&#39;s interest rate swap portfolio had an average fixed pay rate of 1.77% as of March 31, 2018, compared to 1.68% as of December 31, 2017.  </p> <p xmlns="http://www.w3.org/1999/xhtml">The Company also utilizes payer swaptions and U.S. Treasury securities and futures to further mitigate exposure to changes in interest rates.  As of March 31, 2018, the Company had payer swaptions outstanding totaling <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$6.8 billion</span>, compared to <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$6.7 billion</span> as of December 31, 2017, and short U.S. Treasury positions outstanding totaling <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$13.0 billion</span>, compared to <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$14.0 billion</span> as of December 31, 2017.<br xmlns="http://www.w3.org/1999/xhtml" /></p> <p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">OTHER GAIN (LOSS), NET<br xmlns="http://www.w3.org/1999/xhtml" /></b>For the first quarter, the Company recorded a net gain of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$217 million</span> in other gain (loss), net, or <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$0.55</span> per common share, compared to a net gain of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$194 million</span>, or <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$0.50</span> per common share, for the prior quarter.  Other gain (loss), net for the first quarter was comprised of:<br xmlns="http://www.w3.org/1999/xhtml" /></p> <ul xmlns="http://www.w3.org/1999/xhtml" type="disc"> <li xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$(2) million</span> of net realized losses on sales of investment securities; </li> <li xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$(523) million</span> of net unrealized losses on investment securities measured at fair value through net income; </li> <li xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$(9) million</span> of interest rate swap periodic costs; </li> <li xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$672 million</span> of net gains on interest rate swaps; </li> <li xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$91 million</span> of net gains on interest rate swaptions; </li> <li xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$274 million</span> of net gains on U.S. Treasury positions; </li> <li xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$62 million</span> of TBA dollar roll income; </li> <li xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$(354) million</span> of net mark-to-market losses on TBA mortgage positions; </li> <li xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$4 million</span> of management fee income; and </li> <li xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$2 million</span> of other net miscellaneous gains.</li> </ul> <p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">OTHER COMPREHENSIVE LOSS <br xmlns="http://www.w3.org/1999/xhtml" /></b>During the first quarter, the Company recorded an other comprehensive loss of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$(621) million</span>, or <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$(1.59)</span> per common share, consisting of net unrealized losses on the Company&#39;s Agency securities recognized through OCI, compared to a <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$(205) million</span>, or <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$(0.52)</span> per common share, other comprehensive loss for the prior quarter.</p> <p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">FIRST QUARTER 2018 DIVIDEND DECLARATIONS<br xmlns="http://www.w3.org/1999/xhtml" /></b>During the first quarter, the Company&#39;s Board of Directors declared dividends of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$0.18</span> per share to common stockholders of record as of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">January 31</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">February 28</span> and <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">March 29, 2018</span>, respectively, totaling <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$0.54</span> per share for the quarter, which were paid on <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">February 8</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">March 8</span> and <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">April 9, 2018</span>, respectively.  Since its <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">May 2008</span> initial public offering through the first quarter of 2018, the Company has declared a total of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$7.8 billion</span> in common stock dividends, or <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$37.70</span> per common share. <br xmlns="http://www.w3.org/1999/xhtml" /></p> <p xmlns="http://www.w3.org/1999/xhtml">On March 13, 2018, the Company&#39;s Board of Directors declared a first quarter dividend on its 7.750% Series B Cumulative Redeemable Preferred Stock of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$0.484375</span> per depositary share and on its Series C Preferred Stock of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$0.43750</span> per depositary share. The dividends were paid on April 16, 2018 to preferred stockholders of record as of April 1, 2018.<br xmlns="http://www.w3.org/1999/xhtml" /></p> <p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">FINANCIAL STATEMENTS, OPERATING PERFORMANCE AND PORTFOLIO STATISTICS<br xmlns="http://www.w3.org/1999/xhtml" /></b>The following measures of operating performance include net spread and dollar roll income; net spread and dollar roll income, excluding &#34;catch-up&#34; premium amortization; economic interest income; economic interest expense; estimated taxable income; and the related per common share measures and financial metrics derived from such information, which are non-GAAP financial measures.  Please refer to &#34;Use of Non-GAAP Financial Information&#34; later in this release for further discussion of non-GAAP measures.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <div xmlns="http://www.w3.org/1999/xhtml"> <table xmlns="http://www.w3.org/1999/xhtml" cellspacing="0" cellpadding="0" border="0" class="prntblns"> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" colspan="10" class="prngen2"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">AGNC INVESTMENT CORP.</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" colspan="10" class="prngen2"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">CONSOLIDATED BALANCE SHEETS</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" colspan="10" class="prngen2"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(in millions, except per share data)</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen2"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">March 31,</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen2"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">December 31, </span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen2"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">September 30, </span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen2"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">June 30, </span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen2"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">March 31, </span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen4"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">2018</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen4"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">2017</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen4"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">2017</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen4"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">2017</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen4"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">2017</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen2"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(unaudited)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen2"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(unaudited)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen2"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(unaudited)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen2"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(unaudited)</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen5"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">Assets:</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen6"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"> Agency securities, at fair value (including pledged securities of $51,434, <br xmlns="http://www.w3.org/1999/xhtml" /> $53,055, $47,997, $41,263 and $41,587, respectively)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$                 54,141</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$                 55,506</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$                 51,638</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$                 45,226</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$                 43,856</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen6"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"> Agency securities transferred to consolidated variable interest entities, at fair  value<br xmlns="http://www.w3.org/1999/xhtml" /> (pledged securities)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">621</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">662</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">700</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">737</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">777</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen6"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"> Credit risk transfer securities, at fair value</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">884</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">876</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">717</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">572</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">383</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen6"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"> Non-Agency securities, at fair value</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">36</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">36</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">36</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">31</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">31</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen6"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"> U.S. Treasury securities, at fair value</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">224</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">-</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">-</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">-</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">-</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen6"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"> REIT equity securities, at fair value</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">42</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">29</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">4</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">4</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">-</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen6"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"> Cash and cash equivalents</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">972</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">1,046</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">1,098</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">1,122</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">1,073</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen6"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"> Restricted cash</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">386</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">317</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">294</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">261</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">219</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen6"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"> Derivative assets, at fair value</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">410</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">205</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">183</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">214</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">205</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen6"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"> Receivable for investment securities sold (including pledged securities <br xmlns="http://www.w3.org/1999/xhtml" /> of $0, $0, $149, $348 and $537, respectively)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">-</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">-</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">521</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">353</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">688</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen6"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"> Receivable under reverse repurchase agreements</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">10,770</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">10,961</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">9,226</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">7,489</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">8,908</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen6"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"> Goodwill and other intangible assets, net</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">550</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">551</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">552</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">553</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">554</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen6"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"> Other assets</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen7"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">185</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen7"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">187</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen7"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">521</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen7"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">149</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen7"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">144</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen5"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Total assets</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen8"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$                 69,221</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen8"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$                 70,376</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen8"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$                 65,490</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen8"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$                 56,711</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen8"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$                 56,838</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen5"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">Liabilities:</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen6"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"> Repurchase agreements</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$                 48,956</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$                 50,296</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$                 45,505</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$                 39,058</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$                 39,375</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen6"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"> Debt of consolidated variable interest entities, at fair value</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">336</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">357</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">380</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">405</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">434</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen6"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"> Payable for investment securities purchased</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">457</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">95</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">1,373</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">2,005</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">693</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen6"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"> Derivative liabilities, at fair value</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">32</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">28</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">62</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">73</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">69</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen6"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"> Dividends payable</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">80</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">80</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">77</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">71</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">66</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen6"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"> Obligation to return securities borrowed under reverse repurchase agreements, at fair<br xmlns="http://www.w3.org/1999/xhtml" /> value</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">10,352</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">10,467</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">9,119</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">7,221</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">8,792</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen6"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"> Accounts payable and other liabilities</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen7"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">670</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen7"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">299</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen7"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">183</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen7"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">133</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen7"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">117</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen5"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Total liabilities</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen9"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">60,883</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen9"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">61,622</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen9"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">56,699</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen9"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">48,966</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen9"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">49,546</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen5"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">Stockholders&#39; equity:</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen6"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"> Preferred stock - aggregate liquidation preference of $500, $500, $500, $348 and $348,<br xmlns="http://www.w3.org/1999/xhtml" /> respectively</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">484</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">484</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">484</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">336</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">336</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen6"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"> Common stock - $0.01 par value; 600.0 shares authorized;</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen6"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"> 391.3, 391.3, 391.3, 355.6 and 331.0 shares issued and outstanding, respectively</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">4</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">4</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">4</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">4</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">3</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen6"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"> Additional paid-in capital</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">11,174</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">11,173</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">11,172</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">10,435</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">9,932</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen6"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"> Retained deficit</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(2,358)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(2,562)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(2,729)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(2,800)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(2,628)</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen6"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"> Accumulated other comprehensive loss</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen11"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(966)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen11"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(345)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen11"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(140)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen11"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(230)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen11"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(351)</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen5"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Total stockholders&#39; equity</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen9"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">8,338</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen9"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">8,754</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen9"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">8,791</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen9"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">7,745</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen9"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">7,292</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen5"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Total liabilities and stockholders&#39; equity</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen8"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$                 69,221</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen8"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$                 70,376</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen8"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$                 65,490</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen8"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$                 56,711</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen8"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$                 56,838</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen12"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen12"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen12"><br xmlns="http://www.w3.org/1999/xhtml" /></td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen5"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">Tangible net book value per common share <b xmlns="http://www.w3.org/1999/xhtml"><sup xmlns="http://www.w3.org/1999/xhtml">1</sup></b></b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen13"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$                   18.63</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen13"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$                   19.69</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen13"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$                   19.78</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen13"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$                   19.25</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen13"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$                   19.31</span></p> </td> </tr> </table> </div> <p xmlns="http://www.w3.org/1999/xhtml"></p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <div xmlns="http://www.w3.org/1999/xhtml"> <table xmlns="http://www.w3.org/1999/xhtml" cellspacing="0" cellpadding="0" border="0" class="prntblns"> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" colspan="10" class="prngen2"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">AGNC INVESTMENT CORP.</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" colspan="10" class="prngen2"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">CONSOLIDATED STATEMENTS OF OPERATIONS</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" colspan="10" class="prngen2"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(in millions, except per share data)</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" colspan="10" class="prngen2"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(unaudited)</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="9" class="prngen14"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Three Months Ended</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen2"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">March 31, </span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen2"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">December 31, </span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen2"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">September 30, </span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen2"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">June 30, </span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen2"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">March 31, </span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen4"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">2018</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen4"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">2017</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen4"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">2017</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen4"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">2017</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen4"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">2017</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen5"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">Interest income:</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen6"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"> Interest income</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$                      431</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$                      386</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$                      318</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$                      293</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$                      296</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen6"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"> Interest expense</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen7"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">206</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen7"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">174</span></p> </td> <td ...</tr></table></div></div><p><a href=http://www.benzinga.com/pressreleases/18/04/r11577130/agnc-investment-corp-announces-first-quarter-2018-financial-results alt=AGNC Investment Corp. Announces First Quarter 2018 Financial Results>Full story available on Benzinga.com</a></p> AGNC Banking/Financial Services Conference Call Announcements Earnings Residential Real Estate Press Releases Real Estate AGNC US02503X1054 Earnings Press Releases Real Estate Benzinga Wed, 25 Apr 2018 20:01:00 +0000 PRNewswire 11577130 at www.benzinga.com