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Innovative Industrial Properties Reports Third Quarter 2023 Results

Retrieved on: 
Wednesday, November 1, 2023

Rent not collected for the quarter totaled approximately $2.2 million, primarily relating to a previously disclosed, defaulted tenant SH Parent, Inc. (Parallel) at one of IIP’s properties in Pennsylvania.

Key Points: 
  • Rent not collected for the quarter totaled approximately $2.2 million, primarily relating to a previously disclosed, defaulted tenant SH Parent, Inc. (Parallel) at one of IIP’s properties in Pennsylvania.
  • Balance Sheet Highlights (at September 30, 2023)
    12% debt to total gross assets, with approximately $2.6 billion in total gross assets.
  • IIP paid a quarterly dividend of $1.80 per common share on October 13, 2023 to stockholders of record as of September 29, 2023.
  • Innovative Industrial Properties, Inc. will conduct a conference call and webcast at 10:00 a.m. Pacific Time (1:00 p.m. Eastern Time) on Thursday, November 2, 2023 to discuss IIP’s financial results and operations for the third quarter ended September 30, 2023.

SH RESIDENTIAL HOLDINGS ANNOUNCES APPOINTMENT OF TORU TSUJI TO CHIEF EXECUTIVE OFFICER

Retrieved on: 
Wednesday, November 1, 2023

PHOENIX, Nov. 1, 2023 /PRNewswire/ -- Today, SH Residential Holdings (SHRH), the U.S.-based residential home operation of Sekisui House Ltd., announced Toru Tsuji as Chief Executive Officer overseeing the Sekisui House U.S. portfolio. Tsuji brings with him a wealth of experience with the company, having most recently served as Head of the Business Strategy Office of the International Business Department (IBD) since 2019, as well as the position of Deputy Head of the IBD, where he also served as CEO of both Australia and UK business. Tsuji succeeds Rick Robideau, who will be transitioning into the role of Chief Financial Officer.

Key Points: 
  • Toru Tsuji succeeds Rick Robideau, who will transition into role of Chief Financial Officer
    PHOENIX, Nov. 1, 2023 /PRNewswire/ -- Today, SH Residential Holdings (SHRH), the U.S.-based residential home operation of Sekisui House Ltd ., announced Toru Tsuji as Chief Executive Officer overseeing the Sekisui House U.S. portfolio.
  • Tsuji succeeds Rick Robideau, who will be transitioning into the role of Chief Financial Officer.
  • Sekisui House has sustainability as a core corporate target and is now the global leader in the construction of net-zero-energy houses.
  • Tsuji will oversee the integration of Sekisui House Technology, philosophy, and innovation to the established Woodside, Chesmar, Hubble and Holt brands.

Electronic Transaction Consultants and Central Texas Regional Mobility Authority Launch New Toll Service

Retrieved on: 
Wednesday, October 11, 2023

This is the first of six toll road projects that will adopt ETC's toll collection system in the Greater Austin area.

Key Points: 
  • This is the first of six toll road projects that will adopt ETC's toll collection system in the Greater Austin area.
  • TORONTO, Oct. 11, 2023 /PRNewswire/ - Quarterhill Inc. ("Quarterhill" or the "Company") (TSX: QTRH) (OTCQX: QTRHF), a leading provider of tolling and enforcement solutions in the Intelligent Transportation System ("ITS") industry, announces that its wholly-owned subsidiary, Electronic Transaction Consultants ("ETC"), has launched its new toll collection system with the Central Texas Regional Mobility Authority ("CTRMA") on State Highway 71 ("SH 71") in Austin, Texas.
  • The 71 Toll Lane on SH 71 is a major traffic corridor connecting drivers to Austin-Bergstrom International Airport, the city of Bastrop, and points beyond.
  • ETC has introduced a state-of-the-art toll collection system to enhance the toll experience along a bustling four-mile segment of SH 71.

Steakholder Foods® Launches Innovative Ink to 3D Print Beef Steaks

Retrieved on: 
Wednesday, September 27, 2023

REHOVOT, Israel, Sept. 27, 2023 /PRNewswire/ -- Steakholder Foods Ltd. (Nasdaq: STKH), an international deep-tech food company is thrilled to unveil SH Beef Steak Ink, an innovation designed to revolutionize the future of sustainable 3D printed meat production. Formulated for use with the company's fusion printer technology, this groundbreaking ink hopes to take cultivated meat to remarkable levels of realism and culinary versatility.

Key Points: 
  • REHOVOT, Israel, Sept. 27, 2023 /PRNewswire/ -- Steakholder Foods Ltd. (Nasdaq: STKH), an international deep-tech food company is thrilled to unveil SH Beef Steak Ink, an innovation designed to revolutionize the future of sustainable 3D printed meat production.
  • Key Highlights of SH Beef Steak Ink:
    Remarkable Realism: Beef Steak Ink has been meticulously crafted to mimic the fibrous texture, appearance, and taste of a premium beef steak, providing an authentic experience.
  • Ethical and Humane: SH Beef Steak Ink advances Steakholder Foods' mission of ethical and humane meat production by eliminating the need for animal slaughter.
  • Building on the success of SH Fish Ink, this addition further expands Steakholder Food's lines of specialized inks.

The LUMIX G9II

Retrieved on: 
Tuesday, September 12, 2023

NEWARK, N.J., Sept. 12, 2023 /PRNewswire/ -- Panasonic is proud to announce the launch of the LUMIX G9II digital mirrorless camera, equipped with a new sensor and Phase Detection Auto-Focus (PDAF) technology. The LUMIX G9II is the first camera in the Micro Four Thirds LUMIX G Series to feature PDAF technology.

Key Points: 
  • NEWARK, N.J., Sept. 12, 2023 /PRNewswire/ -- Panasonic is proud to announce the launch of the LUMIX G9II digital mirrorless camera, equipped with a new sensor and Phase Detection Auto-Focus (PDAF) technology.
  • The LUMIX G9II is the first camera in the Micro Four Thirds LUMIX G Series to feature PDAF technology.
  • The LUMIX G9II will be available at valued channel partners in early November for $1899.99 MSRP.
  • Panasonic is pleased to introduce a new battery grip equipped with an eight-direction joystick that is compatible with the LUMIX G9II and the already available LUMIX S5II and S5IIX.

Affordable Luxury Market in Europe to grow by USD 3.55 billion from 2022 to 2027 | The rise in disposable income of people in the region to boost market growth - Technavio

Retrieved on: 
Wednesday, August 23, 2023

Affordable Luxury Market in Europe 2023-2027: Market Dynamics

Key Points: 
  • Affordable Luxury Market in Europe 2023-2027: Market Dynamics
    The rise in disposable income of people in the region is a key factor driving market growth.
  • The increasing focus on influencer marketing and social media engagement is a major trend in the market.
  • Affordable Luxury Market in Europe 2023-2027: Company Analysis
    The market is fragmented, and the degree of fragmentation will accelerate during the forecast period.
  • Affordable Luxury Market in Europe 2023-2027: Key Highlights
    Gain instant access to 17,000+ market research reports.

Innovative Industrial Properties Reports Second Quarter 2023 Results

Retrieved on: 
Wednesday, August 2, 2023

Rent not collected for the quarter totaled approximately $2.1 million, primarily relating to a previously disclosed, defaulted tenant SH Parent, Inc. (Parallel) at one of IIP’s properties in Pennsylvania.

Key Points: 
  • Rent not collected for the quarter totaled approximately $2.1 million, primarily relating to a previously disclosed, defaulted tenant SH Parent, Inc. (Parallel) at one of IIP’s properties in Pennsylvania.
  • Balance Sheet Highlights (at June 30, 2023)
    12% debt to total gross assets, with approximately $2.6 billion in total gross assets.
  • IIP paid a quarterly dividend of $1.80 per common share on July 14, 2023 to stockholders of record as of June 30, 2023.
  • Innovative Industrial Properties, Inc. will conduct a conference call and webcast at 10:00 a.m. Pacific Time (1:00 p.m. Eastern Time) on Thursday, August 3, 2023 to discuss IIP’s financial results and operations for the second quarter ended June 30, 2023.

Semtech’s LoRa® Chip-to-Cloud Platform Enables Sustainable Farming in Malaysia

Retrieved on: 
Thursday, May 11, 2023

“We founded this company to address the farming barriers and pain points here in Malaysia.

Key Points: 
  • “We founded this company to address the farming barriers and pain points here in Malaysia.
  • Sustainable IoT and LoRa have completely overhauled farming in Malaysia.”
    Currently, there are 30 LoRa-powered farms in Malaysia with new plantations expected to go live in the coming 12 months.
  • This purpose-built chip-to-Cloud sensor platform monitors the flow rate and pressure of irrigation systems to maintain soil moisture levels.
  • The data-driven farming practice gives Malaysian farmers the ability to remotely care for their crops and helps to deliver a more sustainable planet for future generations.

Innovative Industrial Properties Reports First Quarter 2023 Results

Retrieved on: 
Monday, May 8, 2023

As of March 31, 2023, all security deposits for these properties were fully applied.

Key Points: 
  • As of March 31, 2023, all security deposits for these properties were fully applied.
  • Industrial (cultivation and/or processing), retail (dispensing) and combined industrial/retail represents 91%, 3% and 6% of operating portfolio, respectively.
  • The increase was driven primarily by the acquisition and leasing of new properties, additional building infrastructure allowances provided to tenants at certain properties that resulted in increases to base rent, tenant reimbursements and contractual rental escalations at certain properties.
  • IIP will conduct a conference call and webcast at 10:00 a.m. Pacific Time (1:00 p.m. Eastern Time) on Tuesday, May 9, 2023 to discuss IIP’s financial results and operations for the first quarter ended March 31, 2023.

Innovative Industrial Properties Reports Fourth Quarter and Full-Year 2022 Results

Retrieved on: 
Monday, February 27, 2023

Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today results for the fourth quarter and year ended December 31, 2022.

Key Points: 
  • Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today results for the fourth quarter and year ended December 31, 2022.
  • Recorded $5.52 of net income attributable to common stockholders per diluted share and $8.45 of AFFO per diluted share.
  • Generated total revenues of approximately $70.5 million in the quarter, representing a 20% increase from the prior year’s fourth quarter.
  • Innovative Industrial Properties, Inc. will conduct a conference call and webcast at 10:00 a.m. Pacific Time (1:00 p.m. Eastern Time) on Tuesday, February 28, 2023 to discuss IIP’s financial results and operations for the fourth quarter and full-year ended December 31, 2022.