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During the rest of 2016, $VNO will write off straight-line rent receivable balances of $9.7MM triggered by early termination of leases with J Crew and Rocket Fuel. This enables the company to sign new replacement leases for that space with mark-to-markets of 20% plus gap in cash. The new replacement leases are accretive increasing future EBITDA.
I haven’t seen a drop in banks like this in a long time. Looks like $WFC is still facing pressures from its sales practices scandal..!!
Helping President-elect's America first focus, $WMT set to create 10,000 retail jobs in the US in 2017.
Looks like Trump has his eyes on the $MON and Bayer merger next. He had a meeting with the CEOs and apparently got job promises from them.