The terms of transaction call for Accelmed to have the right to nominate 2 members to the $CGNT BoD, which currently has 6 members. One of these directors would be Accelmed Co-Founder Uri Geiger who will become Chair of $CGNT Board.
$CCI's CEO Jay Brown said, "Our tower business continues to see steady levels of activity in the short term. Over the longer term, we believe there is an extended runway of growth driven by positive industry developments, including the deployment of FirstNet and spectrum from the recently completed incentive auction."
$FRED appointed Steven Rossi, CEO of Digital First Media, and Timothy Barton, former CEO of Freightquote.com, to its BoD, effective immediately. As a result, following the conclusion of 2017 annual meeting the newly reconstituted board will be comprised of 9 directors, 8 of whom are independent.
For 2017, $CCI expects net income to be $427-477MM, site rental revenue to be $3.47-3.50Bil, FFO to be $1.62-1.65Bil and AFFO to be $1.81-1.83Bil. For 2Q17, the company targets net income to be $90-110MM, site rental revenue to be $866-871MM, FFO to be $394-399MM and AFFO to be $433-438MM.
$UDR reaffirmed its previously announced FY17 earnings and same-store growth guidance. It now sees 2Q17 EPS at $0.08-0.09, with both FFO per share and FFO per adjusted share at $0.45-0.47. AFFO per share is touted to be around $0.41 to $0.43.
$CCI reports higher profit for 1Q17, aided by lower asset write-down charges. Net income attributable to CCI stockholders tripled to $119.1MM or $0.33 per share from $36.8MM or $0.11 per share a year ago. Revenue grew 9% to $1.016Bil and FFO rose 27% to $400.9MM in the recently ended quarter.