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REITs Q1 Earnings Begin On Solid Note

Given the recent talk about higher interest rates being a headwind for real estate investment trusts (REITs), investors might anticipate that first-quarter operating results could be lackluster or subpar. However, many initial REIT earnings reports are much better than expected, with several REITs beating the analyst estimates on funds from operations (FFO) or adjusted funds from operations (AFFO). Occupancy levels are still high and full-year 2024 FFO guidance looks sound. Take a look at three

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Target, Major Employers Raise New Drug Price-Fixing Claims

Target Corp., Lowe's Cos. Inc. and American Airlines Inc. are among major employers that lodged new price-fixing claims in Pennsylvania federal court against dozens of pharmaceutical companies, accusing them of orchestrating illegal agreements to allocate customers and markets and fix the prices of hundreds of generic drugs for more than a decade.

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Home Depot Buys Pro Supplier SRS for About $18.25B

Home Depot Buys Pro Supplier SRS for About $18.25B
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Home Depot bulks up Pro-business with $18.25B deal for building products supplier SRS

Home Depot will buy building materials supplier SRS Distribution in an $18.25 billion deal, in the top U.S. home improvement chain's largest deal as it looks…

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Home Depot Eyes $12.5 Billion Debt Package to Fund SRS Merger

Home Depot Eyes $12.5 Billion Debt Package to Fund SRS Merger
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Home Depot to buy pro supplier SRS Distribution for $18.25 billion

SRS, based in McKinney, Texas, serves professional roofers, landscapers and pool contractors with a sales force of over 2,500 people at more than 760 branches across 47 US states.

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Home Depot Teams With NCAA, Shaq for March Madness Marketing Campaign

Home Depot Teams With NCAA, Shaq for March Madness Marketing Campaign
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Best Buy Sales Decline at Slower Pace as Demand Improves

Best Buy Sales Decline at Slower Pace as Demand Improves
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Lowe's Posts Stronger-than-Expected Earnings

The home improvement retailer reported revenue of $18.6 billion in its latest quarter.

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Lowe's forecasts 2024 sales, profit below estimates

Lowe's forecasts 2024 sales, profit below estimates
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