Silver Bay Realty records 4% growth, but reports loss of $44.9 million

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Reuters – Imperial Oil reported a profit in the second quarter compared with a year-earlier loss, helped by growth in its refining and chemicals businesses. The company announced a net profit of C$196.

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For the full year of 2017, investment income was $7.4 million compared to $5.1 million in the prior year, driven by NOI of $8.0 million and fair value gains of $3.5 million, offset by interest expense of $3.4 million. The increase is primarily attributable to an increase in NOI resulting from the nine properties acquired in 2016, along with.

Net loss attributable to Yamana equity holders for the same period, was $61.4 million or $0.06 per share basic and diluted. This includes certain non-cash and other items that may not be reflective of current and ongoing operations, which reduced the Company’s net income by $87.6 million, or $0.09 per share basic and diluted.

In recent decades, realtors have been endlessly touting the desirability and scarcity of Bay Area real estate. Make no mistake that there are challenges here with regards to natural features such as waterways, mountains, valleys, and animal habitats, as well as onerous governmental regulations, that make it difficult to build new units.

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"As we move into our peak leasing season, we are experiencing robust rental demand and are pleased to report that our aggregate portfolio occupancy climbed nearly 500 basis points to 97% year-over-year," said Thomas W. Brock, Silver Bay’s Interim Chief Executive Officer. "We generated a 58%

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Investment income from TAH was $53.7 million for the quarter compared to $57.0 million. to 59.9% in Q3 2017 as a result of strong average blended rent growth of 6.7% (9.4% on new leases and 5.4% on.

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