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West Fraser Announces 2021 First Quarter Results

West Fraser Announces 2021 First Quarter Results News provided by Share this article West Fraser or the Company ) (TSX: WFG) (NYSE: WFG) reported today the first quarter results of 2021. All dollar amounts in this news release are expressed in U.S. dollars unless noted otherwise. The results of operations presented and discussed below include those of Norbord from February 1, 2021, the date of the completion of the acquisition of Norbord. First Quarter Highlights Sales increased 81% from the prior quarter to $2.343 billion Earnings increased to $665 million, or 28% of sales, from $282 million in the prior quarter Adjusted EBITDA increased to $1.008 billion from $453 million in the prior quarter

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Automated Storage and Retrieval System (AS/RS) Market size, Witness Highest Growth in near future by 2027 | Conveyco, IHI, Westfalia, Cassioli, Daifuku, Swisslog – KSU

Automated Storage and Retrieval System (AS/RS) Market size, Witness Highest Growth in near future by 2027 | Conveyco, IHI, Westfalia, Cassioli, Daifuku, Swisslog – KSU
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Sunstone Hotel Investors Reports Results For First Quarter 2021

Sunstone Hotel Investors Reports Results For First Quarter 2021 News provided by Share this article Share this article IRVINE, Calif., May 3, 2021 /PRNewswire/ Sunstone Hotel Investors, Inc. (the Company or Sunstone ) (NYSE: SHO), the owner of Long-Term Relevant Real Estate® in the hospitality sector, today announced results for the first quarter ended March 31, 2021. First Quarter 2021 Operational Results (as compared to First Quarter 2020): Resumption of Hotel Operations: 15 of the Company s 17 hotels were in operation for the entirety of the first quarter 2021. Net Loss: Net loss was $55.3 million as compared to $162.5 million. 17 Hotel Portfolio RevPAR: 17 Hotel Portfolio RevPAR decreased 69.5% to $42.19. Adjusted EBITDA re, excluding noncontrolling interest decreased 203.7% to $(14.7) million.

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Sunstone Hotel Investors Acquires The 130-Room Montage Healdsburg Resort For $265 Million

Share this article Share this article IRVINE, Calif., April 28, 2021 /PRNewswire/ Sunstone Hotel Investors, Inc. (the Company or Sunstone ) (NYSE: SHO), the owner of Long-Term Relevant Real Estate® in the hospitality sector, today announced the acquisition of the fee-simple interest in the 130-room Montage Healdsburg (the Resort ). The newly constructed luxury Resort, which was completed in December 2020, was acquired for a gross purchase price of $265 million. The acquisition was funded from cash on hand and through the direct issuance of $66 million of perpetual preferred equity (the Series G Preferred Equity ) to the seller, affiliates of Ohana Real Estate Investors ( Ohana or the Seller ). Upon stabilization, the Company expects the Resort to generate a 6.0% to 7.0% net operating income yield on total invested capital. The acquisition of the Resort further advances Sunstone s strategy of owning a portfolio of Long-Term Relevant Real Estate®.

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Sunstone Hotel Investors Acquires The 130-Room Montage Healdsburg Resort For $265 Million

Sunstone Hotel Investors Acquires The 130-Room Montage Healdsburg Resort For $265 Million
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