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In 2Q16, $O's occupancy, based on the number of properties, was 98%, up 20BP from last quarter. Economic occupancy was 98.9%, also up from last quarter. The company expects to end the year at approx. 98% occupancy. Same store rent increased 1.4% during 2Q16. $O expects annual same store rent growth to be approx. 1.3% for 2016.
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.
$CSCO shift from hardware to becoming a software behemoth seems to be working for the company so far. Stock has seen a steady rise since the change. But is it sustainable?
Heard about the next generation iPhone. Going by the reports, it is believed that $AAPL will release three iphones this year.