$SHW Form 4: Thomas Kadien, Director of Sherwin Williams Company acquired 49 shares in an exempt transaction in connection with the Director Deferred Fee Plan for $280.24 on July 2, 2015. Post transaction, he now owns 1,992 shares.
$O has significant financial flexibility at present. At the
appropriate time, the company will take a look at all forms of available capital
including unsecured debt, equity and hybrid capital and make a sensible decision
to term out some of the line. In terms of leverage, with a debt/EBITDA of 5.7
times, $O is within its targeted range.
During 4Q16, $O invested $786MM in 279 properties located in 27
states at an average initial cash cap rate of 6.1% and with a weighted average
lease term of 14.3 years. On a revenue basis, approx. 84% of total acquisitions
are from investment grade tenants. 94% of revenues are generated from retail
and 6% are from industrial.
rent rose 0.9% during 4Q16 and 1.2% in 2016. Approx. 75% of the company’s
investment grade leases have rental rate growth that averages about 1.3%. At
the end of 4Q16, $O’s properties were leased to 248 commercial tenants, 47
different industries located in 49 states and Puerto Rico. 79% of rental
revenue is from retail properties.
$APA expects the overall North American production to continue to decline into 2Q17 before shifting to a strong growth trend. During 2017, the company expects to average 15 rigs in the Permian Basin and drill approx. 250 wells.