Renting

United Rentals Introduces Tower Crane Battery Energy Systems to North American Fleet

Retrieved on: 
Wednesday, March 13, 2024
Environment, Technology, Construction & Property, Sustainability, Building Systems, Alternative Energy, Green Technology, Energy, Batteries, Other Construction & Property, History, Running, HVAC, Renting, Construction, Power

United Rentals, Inc. (NYSE: URI), the world's largest equipment rental company, today announced it has added battery energy systems for tower cranes to its North American rental fleet.

Key Points: 
  • United Rentals, Inc. (NYSE: URI), the world's largest equipment rental company, today announced it has added battery energy systems for tower cranes to its North American rental fleet.
  • Configurable up to 500kW, the system operates alongside a generator to deliver reliable power to support tower crane operations.
  • “Battery energy systems for tower cranes provide a great application of practical sustainability on the jobsite by helping contractors address their economic and environmental goals,” said Larry Worthington, Region Vice President, Power and HVAC, United Rentals.
  • This innovative tower crane battery energy system is part of a range of low and zero-emission solutions.

Barnes & Noble Education Reports Third Quarter Fiscal Year 2024 Financial Results

Retrieved on: 
Wednesday, March 13, 2024
Software, Entertainment, Online Retail, Internet, Other Retail, Books, Technology, University, Education, Retail, Publishing, Communications, Growth, Renting, School, BNC, Sale, Bank statement, Adjustment, GAAP

Third quarter Retail sales increased by $18.2 million to $439.4 million, compared to $421.2 million in the prior year period.

Key Points: 
  • Third quarter Retail sales increased by $18.2 million to $439.4 million, compared to $421.2 million in the prior year period.
  • Third quarter Retail gross profit increased by $0.3 million to $89.2 million, compared to $88.9 million in the prior year period.
  • On March 12, 2024, the Company entered into an amendment to its credit agreement to amend certain financial covenants.
  • The Company is maintaining its fiscal year 2024 guidance of approximately $40 million of consolidated non-GAAP Adjusted EBITDA from Continuing Operations.

Services PMI® at 51.4%; March 2024 Services ISM® Report On Business®

Retrieved on: 
Wednesday, April 3, 2024
Education minister, Employment, Season, CFPM, Real estate, Backlog, Mining, Growth, Renting, Labour, Transport, Veterans' affairs, Business, Risk, COVID-19, Education, Public opinion, Information, Welfare, Retail, Science, Housing, Veteran, Public utility, Inventory, Index, Forestry, CPSM, Foodservice, Arms industry

TEMPE, Ariz., April 3, 2024 /PRNewswire/ -- Economic activity in the services sector expanded in March for the 15th consecutive month as the Services PMI® registered 51.4 percent, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®. The sector has grown in 45 of the last 46 months, with the lone contraction in December 2022.

Key Points: 
  • TEMPE, Ariz., April 3, 2024 /PRNewswire/ -- Economic activity in the services sector expanded in March for the 15th consecutive month as the Services PMI® registered 51.4 percent, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®.
  • The Business Activity Index registered 57.4 percent in March, which is 0.2 percentage point higher than the 57.2 percent recorded in February.
  • "The Supplier Deliveries Index registered 45.4 percent, 3.5 percentage points lower than the 48.9 percent recorded in February.
  • The 12 services industries reporting growth in March — listed in order — are: Accommodation & Food Services; Professional, Scientific & Technical Services; Agriculture, Forestry, Fishing & Hunting; Educational Services; Construction; Management of Companies & Support Services; Utilities; Retail Trade; Wholesale Trade; Other Services; Finance & Insurance; and Health Care & Social Assistance.

Has the American Dream changed? New Report From Entrata Finds an Increasing Amount of Americans Placing Higher Value on Renting than Home Ownership

Retrieved on: 
Tuesday, March 19, 2024
Retirement, Quality of life, Hobby, Friends, Freedom, American Dream, Family, LEHI, Parent, Investment, Renting

This further highlights a clear evolution in consumer psychology as home ownership is no longer perceived as the only path to obtaining the American Dream.

Key Points: 
  • This further highlights a clear evolution in consumer psychology as home ownership is no longer perceived as the only path to obtaining the American Dream.
  • "Many renters no longer see the need to be tied to a home and a mortgage when apartment communities provide everything they need.
  • Experiences seem to be at the core of the new American Dream and renters are making the most of them."
  • Emphasizing this further, the report found that 41% of renters say their American Dream has nothing to do with homeownership.

CONTROLLED EQUITY CORP - Announces the launch of its Affordable Housing formula through ControlledEquityHousing.com

Retrieved on: 
Tuesday, March 12, 2024
Renting, Risk, PMI, News, Insurance, Poverty, Housing, LTV

LAS VEGAS, March 12, 2024 /PRNewswire/ -- Today, Controlled Equity Corp announced that it has launched Controlled Equity Housing, which uses a sophisticated economic formula to sell a 50% equity stake in housing, which drastically reduces housing costs.

Key Points: 
  • LAS VEGAS, March 12, 2024 /PRNewswire/ -- Today, Controlled Equity Corp announced that it has launched Controlled Equity Housing, which uses a sophisticated economic formula to sell a 50% equity stake in housing, which drastically reduces housing costs.
  • What makes the Domain360 so amazing is that it can be purchased using the Controlled Equity Housing formula for a monthly payment of $360.
  • All homes in the Controlled Equity Housing program are guaranteed to appreciate by 2% per year.
  • All homes in the Controlled Equity Housing program have to be owner occupied and can never be used as rental housing.

AsiaMedic achieves record revenue of S$23.5 million for FY2023 amid expansion of its medical imaging and aesthetics businesses

Retrieved on: 
Wednesday, February 28, 2024
MRI, Hospital, Depreciation, Investment, Growth, Google Images, Bank statement, Insurance, Renting

The Group's FY2023 revenue increased by S$4.6 million or 25% from S$18.9 million for FY2022 to S$23.5 million due to the increase in revenue from the imaging and aesthetic businesses.

Key Points: 
  • The Group's FY2023 revenue increased by S$4.6 million or 25% from S$18.9 million for FY2022 to S$23.5 million due to the increase in revenue from the imaging and aesthetic businesses.
  • The Group's EBITDA held steady at S$3.4 million for FY2023.
  • Mr Arifin Kwek, Chief Executive Officer of AsiaMedic Limited, said, "We are encouraged by the record high revenue achieved for FY2023 following three consecutive years of revenue growth.
  • The growing referrals from specialist clinics and hospitals reflect the Group's position as a preferred provider of diagnostic imaging and radiology services.

Superior Energy Services Announces Fourth Quarter 2023 Results and Conference Call

Retrieved on: 
Friday, March 8, 2024
Well, Acquisition, International, Superior, Renting, BCS, Rationalization, Free cash flow, Common stock, Sale, Adjustment, Well services, Line of credit, Safety, Net income, Income tax, GAAP, Gulf of Mexico, Public expenditure, Superior Energy Services, Video game

HOUSTON, March 07, 2024 (GLOBE NEWSWIRE) -- Superior Energy Services, Inc. (the “Company”) reported its results for the fiscal quarter and full year ended December 31, 2023.

Key Points: 
  • HOUSTON, March 07, 2024 (GLOBE NEWSWIRE) -- Superior Energy Services, Inc. (the “Company”) reported its results for the fiscal quarter and full year ended December 31, 2023.
  • The Company’s Adjusted EBITDA (a non-GAAP measure defined on page 5) was $85.3 million for the fourth quarter of 2023 compared to $71.8 million in the third quarter of 2023.
  • U.S. offshore revenue was $96.3 million in the fourth quarter of 2023, an increase of 63% compared to revenue of $59.1 million in the third quarter of 2023.
  • Adjusted EBITDA for the fourth quarter of 2023 was $69.8 million, a 1% increase from the third quarter of 2023.

Study: Here are the Best and Worst Markets for Renters

Retrieved on: 
Thursday, March 7, 2024
Growth, Florida Atlantic University, University, BOCA, School, City, Business, Florida Gulf Coast University, Syracuse, Population growth, Renting

Boise City, Idaho offers prospective renters the largest discount in the country: the typical unit is renting at a 5.45 percent discount.

Key Points: 
  • Boise City, Idaho offers prospective renters the largest discount in the country: the typical unit is renting at a 5.45 percent discount.
  • It’s followed by Austin, Texas, a 3.27 percent discount; Phoenix, a 3.15 percent discount; Las Vegas, a 2.88 percent discount; and Spokane, Washington, a 2.62 percent discount.
  • “These were some of the hottest cities in the country seeing rapid population growth over the past few years.
  • Some areas in the county are still in the grip of the rental crisis as renters are paying steep premiums.

North American Construction Group Ltd. Announces Significant Five-Year Contract Extension in Australia

Retrieved on: 
Tuesday, March 5, 2024
Acquisition, TSX, Renting, NOA

ACHESON, Alberta, March 05, 2024 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. (“NACG” or “the Company”) (TSX:NOA.TO/NYSE:NOA) today announced that the MacKellar Group (“MacKellar”) has been awarded a five-year contract extension by a major metallurgical coal producer in relation to a mine in the state of Queensland, Australia.

Key Points: 
  • ACHESON, Alberta, March 05, 2024 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. (“NACG” or “the Company”) (TSX:NOA.TO/NYSE:NOA) today announced that the MacKellar Group (“MacKellar”) has been awarded a five-year contract extension by a major metallurgical coal producer in relation to a mine in the state of Queensland, Australia.
  • The contract contemplates the provision of fully maintained equipment and related services at the site operated by the producer.
  • Rental scopes are estimated at $100 million per year resulting in a total value from this extension of $500 million.
  • MacKellar has provided an excellent platform to grow our business in Australia as we leverage our operational and maintenance expertise in the region.

Postal Realty Trust, Inc. Reports Fourth Quarter and Year End 2023 Results

Retrieved on: 
Monday, February 26, 2024
Acquisition, FFO, National Association, USPS, Investment, Growth, Renting, Sale, Exercise, Nature, NAREIT, GAAP, Webcast, Depreciation, Public expenditure, Security (finance), Real estate investment trust, Environment, Insurance, Partnership

CEDARHURST, N.Y., Feb. 26, 2024 (GLOBE NEWSWIRE) -- Postal Realty Trust, Inc. (NYSE: PSTL) (the “Company”), an internally managed real estate investment trust that owns and manages over 1,900 properties leased primarily to the United States Postal Service (the “USPS”), ranging from last-mile post offices to industrial facilities, today announced results for the quarter and year ended December 31, 2023.

Key Points: 
  • As previously disclosed, on July 24, 2023, the Company amended its credit facilities to, among other things, add a daily simple SOFR-based option as a benchmark rate.
  • In 2023, the Company entered into its first forward sales transactions and, as of December 31, 2023, all shares from the transactions had been settled.
  • The Company will host a webcast and conference call to discuss the fourth quarter 2023 financial results on Tuesday, February 27, 2024, at 9:00 A.M. Eastern Time.
  • As a result, the Company’s actual results may differ materially from those contemplated by the forward-looking statements.