Energy provider $SO said that it expects its 2016 sales to grow 1.1% for retail, 1.2% for residential, and 1% for both commercial and industrial. The company also expects CapEx of $5Bil for 2016 through 2018.
$HIG's net investment income increased 5% to $728MM, before tax, in
1Q17 compared with $696MM, before tax, in 1Q16 due to higher investment income
on LPs, partially offset by the effect of lower invested assets, principally
due to the runoff of Talcott Resolution, and a lower annualized investment
yield, excluding LPs.
$HIG reported a 17% increase in 1Q17 earnings, primarily due to
lower net realized capital losses, partially offset by higher catastrophe
losses. Net income was $378MM or $1.00 per share compared to $323MM or $0.79
per share in 1Q16. Diluted EPS rose 27% in 1Q17. Total revenues grew to $4.6Bil
from last year.
$AIV's adjusted funds from operations per share for 1Q17 remained unchanged from last year at $0.51. The increase in pro forma FFO was partially offset by an increase in capital replacements primarily due to the timing of spending in 2016, resulting in no change in adjusted FFO per share as compared to 2016.
$AIV's pro forma funds from operations per share for 1Q17 rose 2% to $0.58 as a result of Same Store Property Net Operating Income growth and increased contribution from development, redevelopment and acquisition communities.