FAD

i-80 Gold Provides High-Grade Results from Drilling at Ruby Hill

Retrieved on: 
Monday, February 26, 2024

Drilling completed between 2022 and 2024 at the Blackjack, Hilltop and FAD deposits intersected significant high-grade mineralization with all deposits remaining open for expansion.

Key Points: 
  • Drilling completed between 2022 and 2024 at the Blackjack, Hilltop and FAD deposits intersected significant high-grade mineralization with all deposits remaining open for expansion.
  • The polymetallic (base metal) resource estimate is being completed as part of the Company's plan to advance mine development at Ruby Hill with underground workings accessing both the gold and polymetallic deposits.
  • These discoveries highlight the geological potential for Ruby Hill to host some of the highest-grade polymetallic mineralization known world‑wide.
  • FAD is the most gold-rich of the polymetallic mineralized zones at Ruby Hill.

JBG SMITH Declares a Quarterly Common Dividend of $0.175 Per Share

Retrieved on: 
Wednesday, February 14, 2024

JBG SMITH (NYSE: JBGS), a leading owner and developer of high-quality, mixed-use properties in the Washington, DC market, today announced that its Board of Trustees has declared a quarterly dividend of $0.175 per common share, a new indicated annual rate of $0.70 per share, a 22.2% reduction to the prior dividend.

Key Points: 
  • JBG SMITH (NYSE: JBGS), a leading owner and developer of high-quality, mixed-use properties in the Washington, DC market, today announced that its Board of Trustees has declared a quarterly dividend of $0.175 per common share, a new indicated annual rate of $0.70 per share, a 22.2% reduction to the prior dividend.
  • The dividend will be paid on March 15, 2024 to common shareholders of record as of March 1, 2024.
  • Share buybacks are a form of capital return to investors, as are dividends.
  • At our current discount to NAV, we believe buybacks are more accretive to our long-term NAV per share than excess (above taxable income) dividends.

CareTrust REIT Announces Fourth Quarter & Full Year 2023 Operating Results

Retrieved on: 
Thursday, February 8, 2024

CareTrust REIT, Inc. (NYSE:CTRE) today reported operating results for the quarter and year ended December 31, 2023, as well as other recent events.

Key Points: 
  • CareTrust REIT, Inc. (NYSE:CTRE) today reported operating results for the quarter and year ended December 31, 2023, as well as other recent events.
  • CareTrust’s President and Chief Executive Officer, Dave Sedgwick, commented on the Company’s 2023 and fourth quarter results: “2023 was a great year for the Company on all fronts.
  • During the quarter, CareTrust declared a quarterly dividend of $0.28 per common share.
  • On an annualized basis, the payout ratio was approximately 78% based on fourth quarter 2023 normalized FFO, and 76% based on normalized FAD.

Omega Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Wednesday, February 7, 2024

Omega Healthcare Investors, Inc. (NYSE: OHI) (the “Company” or “Omega”) announced today its results for the quarter and year ended December 31, 2023.

Key Points: 
  • Omega Healthcare Investors, Inc. (NYSE: OHI) (the “Company” or “Omega”) announced today its results for the quarter and year ended December 31, 2023.
  • Net income for 2023 of $249 million, or $1.00 per common share, compared to $439 million, or $1.80 per common share, in 2022.
  • LaVie – During the fourth quarter, the Company sold 30 facilities that were leased to LaVie Care Centers, LLC (“LaVie”) for $317.9 million.
  • In the fourth quarter of 2023, LaVie paid $5.3 million in rent.

i-80 Gold Reports High-Grade Drill Results from the FAD Deposit at Ruby Hill

Retrieved on: 
Thursday, January 25, 2024

FAD is one of several polymetallic deposits drilled at Ruby Hill in 2023 for the completion of initial resource estimates for the FAD, Blackjack and Hilltop deposits.

Key Points: 
  • FAD is one of several polymetallic deposits drilled at Ruby Hill in 2023 for the completion of initial resource estimates for the FAD, Blackjack and Hilltop deposits.
  • FAD is a high-grade polymetallic deposit and is expected to add to the Company's already impressive resource base.
  • It is estimated 80% to 90% of this production came from the original Ruby Hill Mine, located 500 metres southwest of the FAD depositi.
  • The FAD deposit Is located in the hanging-wall of the Ruby Hill fault and is comprised of dominantly sulfide, polymetallic mineralization (see Figure 2).

i-80 Gold Announces High-Grade Results from Hilltop Drilling at Ruby Hill

Retrieved on: 
Wednesday, January 17, 2024

The results are from the 2023 program that continues to demonstrate significant potential to expand high-grade polymetallic mineralization in the Hilltop fault structure and within the Hilltop Corridor.

Key Points: 
  • The results are from the 2023 program that continues to demonstrate significant potential to expand high-grade polymetallic mineralization in the Hilltop fault structure and within the Hilltop Corridor.
  • The East Hilltop Zones were discovered while testing the eastern extension of the Hilltop fault structure where high-grade mineralization had previously been identified in the Upper and Lower Hilltop Zones.
  • "These results include multiple new intercepts in the East Hilltop discovery area including the most significant copper mineralization identified to-date.
  • Multiple lenses of mineralization have now been intersected at East Hilltop including the most abundant copper grades intersected to-date at Ruby Hill in recent step-out drilling.

i-80 Provides 2023 Summary & 2024 Plans - Highlighting Numerous Achievements & Catalysts

Retrieved on: 
Tuesday, January 9, 2024

Numerous programs continue to be advanced to reach the Company's goal of building one of the largest precious metals producing companies in the United States.

Key Points: 
  • Numerous programs continue to be advanced to reach the Company's goal of building one of the largest precious metals producing companies in the United States.
  • Ruby Hill is expected to become the Company's flagship project with ongoing plans to develop both gold and poly-metallic base metal deposits on the Property.
  • Drilling of the FAD deposit that is located approximately two kilometres to the south of Ruby Hill was also completed in 2023.
  • Multiple results remain pending from the 2023 program and additional definition and expansion drilling is planned in 2024.

Clarion Partners Real Estate Income Fund Inc. Announces Funds from Operations

Retrieved on: 
Tuesday, November 14, 2023

Clarion Partners Real Estate Income Fund Inc. (the “Fund”) has announced funds from operations (“FFO”), adjusted funds from operations and funds available for distribution for the period of January 1, 2023 to September 30, 2023.

Key Points: 
  • Clarion Partners Real Estate Income Fund Inc. (the “Fund”) has announced funds from operations (“FFO”), adjusted funds from operations and funds available for distribution for the period of January 1, 2023 to September 30, 2023.
  • FFO is a standard real estate investment trust (“REIT”) industry metric defined by the National Association of Real Estate Investment Trusts (“NAREIT”).
  • The Fund also believes that adjusted FFO (“AFFO”) is a meaningful non-GAAP supplemental disclosure of its operating results.
  • The Fund’s investment manager, Legg Mason Partners Fund Advisor, LLC, is an indirect, wholly-owned subsidiary of Franklin Resources, Inc. (“Franklin Resources”) and the Fund’s investment subadviser, Clarion Partners, LLC (“Clarion Partners”), is an indirect, majority-owned subsidiary of Franklin Resources.

CareTrust REIT Announces Third Quarter 2023 Operating Results

Retrieved on: 
Thursday, November 9, 2023

CareTrust REIT, Inc. (NYSE:CTRE) today reported operating results for the quarter ended September 30, 2023, as well as other recent events.

Key Points: 
  • CareTrust REIT, Inc. (NYSE:CTRE) today reported operating results for the quarter ended September 30, 2023, as well as other recent events.
  • During the quarter, CareTrust declared a quarterly dividend of $0.28 per common share.
  • On an annualized basis, the payout ratio was approximately 80% based on third quarter 2023 normalized FFO, and 76% based on normalized FAD.
  • A conference call will be held on Friday, November 10, 2023, at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time), during which CareTrust’s management will discuss third quarter results, recent developments and other matters.

i-80 Gold Signs Non-Binding Term Sheet for the Joint Venture of the Ruby Hill Property

Retrieved on: 
Tuesday, November 7, 2023

During the exclusivity period, the Company will complete a drill campaign, funded by the potential partner, to accelerate knowledge of the metallurgical properties of the multiple polymetallic base metal deposits at the Ruby Hill Property.

Key Points: 
  • During the exclusivity period, the Company will complete a drill campaign, funded by the potential partner, to accelerate knowledge of the metallurgical properties of the multiple polymetallic base metal deposits at the Ruby Hill Property.
  • The Ruby Hill Property represents one of i-80's core assets, is host to both gold and polymetallic base metal deposits, most of which remain completely open for expansion, and is expected to be the Company's largest mining operation on an all‑metal basis.
  • Drilling is focused on expanding mineralization in the primary known zones as well as testing several new exploration targets on the Ruby Hill Property.
  • The Ruby Hill Property is host to multiple gold, gold-silver and poly-metallic (base metal) deposits collectively which we believe represents one of the largest development-stage projects in Nevada.