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News Article | April 20, 2017
Site: www.accesswire.com

NAPA, CA / ACCESSWIRE / April 20, 2017 / Bank of Napa, N.A. (OTCQB: BNNP) declared a cash dividend of $0.17 per share during its April 19, 2017 meeting of the Board of Directors. This cash dividend represents the second annual cash dividend in the ten year history of Bank of Napa and reflects Bank of Napa's strong balance sheet and earnings. The cash dividend is payable to shareholders of record at the close of business on May 9, 2017 and will be payable on May 16, 2017. Bank of Napa also announced financial results for the period ending March 31, 2017, where the Bank generated net income of $470,000, representing a $66,000, or 16.3%, increase over the net income of $404,000 posted for the first quarter of 2016. Total deposits at March 31, 2017 were $221.5 million, an increase from March 31, 2016 of $23.5 million, or 11.9%. Loan totals at March 31, 2017 increased to $140.0 million, up by $7.6 million, or 5.7%, from March 31, 2016. Bank of Napa's total assets reached $249.2 million at March 31, 2017, representing a $24.7 million, or 11.0%, increase over the balance at March 31, 2016. President and Chief Executive Officer, Tom LeMasters, stated, "We continue to be pleased with the consistently improving financial condition of our Bank and are delighted to provide a dividend to our many longtime and loyal shareholders." At March 31, 2017, the Bank had equity capital of $26.6 million, and all capital ratios were in excess of the regulatory definition for "well capitalized" distinction. Bank of Napa, N.A.offers a complete range of loan and deposit products, and services to businesses and consumers in the Napa Valley. It operates two full service offices: at the corner of Redwood Road and Solano Avenue at 2007 Redwood Road, Suite 101; and at Second and Seminary Streets at 1715 Second Street, in Napa CA. Bank of Napa is a member of the FDIC. Its common stock is traded on the Over the Counter Bulletin Board under the symbol BNNP and the Bank can be found on the web at www.thebankofnapa.com. Information contained herein may contain certain forward-looking statements that are based on management's current expectations regarding economic, legislative, and regulatory issues that may impact the Bank's earnings in future periods. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words "believe," "expect," "intend," "estimate," or words of similar meaning, or future or conditional verbs such as "will," "would," "should," "could," or "may." Factors that could cause future results to vary materially from current management expectations include, but are not limited to, general economic conditions, changes in interest rates, deposit flows, real estate values, and competition; changes in accounting principles, policies or guidelines; changes in legislation or regulation; and other economic, competitive, governmental, regulatory and technological factors affecting the Bank's operations, pricing, products and services. The Bank undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events.


News Article | April 20, 2017
Site: marketersmedia.com

NAPA, CA / ACCESSWIRE / April 20, 2017 / Bank of Napa, N.A. (OTCQB: BNNP) declared a cash dividend of $0.17 per share during its April 19, 2017 meeting of the Board of Directors. This cash dividend represents the second annual cash dividend in the ten year history of Bank of Napa and reflects Bank of Napa's strong balance sheet and earnings. The cash dividend is payable to shareholders of record at the close of business on May 9, 2017 and will be payable on May 16, 2017. Bank of Napa also announced financial results for the period ending March 31, 2017, where the Bank generated net income of $470,000, representing a $66,000, or 16.3%, increase over the net income of $404,000 posted for the first quarter of 2016. Total deposits at March 31, 2017 were $221.5 million, an increase from March 31, 2016 of $23.5 million, or 11.9%. Loan totals at March 31, 2017 increased to $140.0 million, up by $7.6 million, or 5.7%, from March 31, 2016. Bank of Napa's total assets reached $249.2 million at March 31, 2017, representing a $24.7 million, or 11.0%, increase over the balance at March 31, 2016. President and Chief Executive Officer, Tom LeMasters, stated, "We continue to be pleased with the consistently improving financial condition of our Bank and are delighted to provide a dividend to our many longtime and loyal shareholders." At March 31, 2017, the Bank had equity capital of $26.6 million, and all capital ratios were in excess of the regulatory definition for "well capitalized" distinction. Bank of Napa, N.A.offers a complete range of loan and deposit products, and services to businesses and consumers in the Napa Valley. It operates two full service offices: at the corner of Redwood Road and Solano Avenue at 2007 Redwood Road, Suite 101; and at Second and Seminary Streets at 1715 Second Street, in Napa CA. Bank of Napa is a member of the FDIC. Its common stock is traded on the Over the Counter Bulletin Board under the symbol BNNP and the Bank can be found on the web at www.thebankofnapa.com. Information contained herein may contain certain forward-looking statements that are based on management's current expectations regarding economic, legislative, and regulatory issues that may impact the Bank's earnings in future periods. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words "believe," "expect," "intend," "estimate," or words of similar meaning, or future or conditional verbs such as "will," "would," "should," "could," or "may." Factors that could cause future results to vary materially from current management expectations include, but are not limited to, general economic conditions, changes in interest rates, deposit flows, real estate values, and competition; changes in accounting principles, policies or guidelines; changes in legislation or regulation; and other economic, competitive, governmental, regulatory and technological factors affecting the Bank's operations, pricing, products and services. The Bank undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events. NAPA, CA / ACCESSWIRE / April 20, 2017 / Bank of Napa, N.A. (OTCQB: BNNP) declared a cash dividend of $0.17 per share during its April 19, 2017 meeting of the Board of Directors. This cash dividend represents the second annual cash dividend in the ten year history of Bank of Napa and reflects Bank of Napa's strong balance sheet and earnings. The cash dividend is payable to shareholders of record at the close of business on May 9, 2017 and will be payable on May 16, 2017. Bank of Napa also announced financial results for the period ending March 31, 2017, where the Bank generated net income of $470,000, representing a $66,000, or 16.3%, increase over the net income of $404,000 posted for the first quarter of 2016. Total deposits at March 31, 2017 were $221.5 million, an increase from March 31, 2016 of $23.5 million, or 11.9%. Loan totals at March 31, 2017 increased to $140.0 million, up by $7.6 million, or 5.7%, from March 31, 2016. Bank of Napa's total assets reached $249.2 million at March 31, 2017, representing a $24.7 million, or 11.0%, increase over the balance at March 31, 2016. President and Chief Executive Officer, Tom LeMasters, stated, "We continue to be pleased with the consistently improving financial condition of our Bank and are delighted to provide a dividend to our many longtime and loyal shareholders." At March 31, 2017, the Bank had equity capital of $26.6 million, and all capital ratios were in excess of the regulatory definition for "well capitalized" distinction. Bank of Napa, N.A.offers a complete range of loan and deposit products, and services to businesses and consumers in the Napa Valley. It operates two full service offices: at the corner of Redwood Road and Solano Avenue at 2007 Redwood Road, Suite 101; and at Second and Seminary Streets at 1715 Second Street, in Napa CA. Bank of Napa is a member of the FDIC. Its common stock is traded on the Over the Counter Bulletin Board under the symbol BNNP and the Bank can be found on the web at www.thebankofnapa.com. Information contained herein may contain certain forward-looking statements that are based on management's current expectations regarding economic, legislative, and regulatory issues that may impact the Bank's earnings in future periods. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words "believe," "expect," "intend," "estimate," or words of similar meaning, or future or conditional verbs such as "will," "would," "should," "could," or "may." Factors that could cause future results to vary materially from current management expectations include, but are not limited to, general economic conditions, changes in interest rates, deposit flows, real estate values, and competition; changes in accounting principles, policies or guidelines; changes in legislation or regulation; and other economic, competitive, governmental, regulatory and technological factors affecting the Bank's operations, pricing, products and services. The Bank undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events.


News Article | February 23, 2017
Site: www.accesswire.com

LONDON, UK / ACCESSWIRE / February 23, 2017 / Active Wall St. announces its post-earnings coverage on Kilroy Realty Corp. (NYSE: KRC). The Company announced its financial results for the fourth and full year fiscal 2016 (FY16) on February 06, 2017. The office real estate investment trust's quarterly revenue increased approximately 14% on a y-o-y basis. Register with us now for your free membership at: One of Kilroy Realty's competitors within the REIT - Office space, Digital Realty Trust, Inc. (NYSE: DLR), reported on Thursday, February 16, 2017, details for its Q4 2016 earnings results. AWS will be initiating a research report on Digital Realty Trust in the coming days. Today, AWS is promoting its earnings coverage on KRC; touching on DLR. Get our free coverage by signing up to: For the fourth quarter ended December 31, 2016, KRC's revenues totaled $168.6 million compared to $147.4 million in the prior year's same period. The Company's revenues numbers surpassed analysts' consensus of $163.3 million. KRC's cash same-store NOI was up 9.1% for Q4 2016, and for the year it grew 14.3%. GAAP NOI rose 6.7% in the reported quarter and 4.6% for FY16. For Q4 2016, KRC reported net income available to common stockholders of $29.4 million, or $0.29 per share, compared to $25.3 million, or $0.27 per share, in Q4 2015. The Company's FFO in Q4 2016 was $84.3 million, or $0.87 per share, including $0.01 of acquisition-related expenses, compared to $76.7 million, or $0.80 per share, in the year-earlier comparable quarter. KRC's FFO numbers exceeded Wall Street's expectations for FFO of $0.86 per share. "2016 was another exceptional year for KRC, with strong results across all areas of our business," said John Kilroy, the Company's Chairman, President, and Chief Executive Officer, "Our stabilized portfolio operated at record occupancy, produced record same-store net operating income and generated solid growth in rental rates." At December 31, 2016, KRC's stabilized portfolio totaled approximately 14.0 million square feet of office space and 200 residential units located in Los Angeles, Orange County, San Diego, the San Francisco Bay Area, and greater Seattle. During Q4 2016, the Company signed new or renewing leases in the office portfolio totaling 456,000 square feet of space, at rents that were 12% higher on a cash basis and 33% higher on a GAAP basis. At quarter-end, KRC's office portfolio was occupied 96.0% compared to 96.6% at September 30, 2016, and 94.8% at December 31, 2015. At December 31, 2016, KRC had two office projects totaling approximately 1.1 million square feet, 237 residential units, and 96,000 square feet of retail space under construction, representing a total estimated investment of approximately $980.0 million. The Company noted that it also had one office project in lease-up encompassing approximately 377,000 square feet and representing a total estimated investment of approximately $230.0 million. During Q4 2016, KRC commenced construction of a 400,000 square-foot office and production, distribution, and repair project at 100 Hooper in the SOMA district of San Francisco, with 66% of the office portion pre-leased to Adobe. The Company also started construction on the first phase of its 1.1 million square-foot mixed-use One Paseo project in the Del Mar submarket of San Diego. KRC closed the second of two strategic ventures with Norges Bank Real Estate Management (NBREM), in which NBREM contributed $261.5 million for a 44% common equity interest in 303 Second Street in San Francisco, an amount net of NBREM's proportionate share of existing mortgage debt secured by the property. During Q4 2016, KRC acquired a 179,000 square-foot mixed-use project in West Hollywood, encompassing a 10-story office tower, three retail buildings, a four-level subterranean parking structure, and three billboards for $209.2 million. The project was 87% occupied at December, 31, 2016. The Company also acquired a 129,000 square-foot office, research and wet lab facility and a 37,000 square-foot office building located in Stanford University's Stanford Research Park, both subject to a 51-year ground lease, for $130.0 million. The project was 100% occupied at December 31, 2016. KRC obtained a 10-year, 3.57% fixed-rate mortgage for $170.0 million in the reported quarter secured by the Company's Westside Media Center properties in Los Angeles, and used a portion of the proceeds to pay off a $64.4 million mortgage, at par. The Company also raised net proceeds of $31.9 million through the issuance of common stock under the Company's at-the-market offering program. For FY17, KRC is projecting an initial guidance range of NAREIT-defined FFO per share (diluted) of $3.40-$3.60 per share with a midpoint of $3.50 per share, compared to FFO of $3.41 per share in FY16 after adjusting for a $0.05 per share gain from a property damage settlement. On February 23, 2017, Kilroy Realty's share price finished the trading session at $76.74, slightly down by 0.60%. A total volume of 369.01 thousand shares exchanged hands. The stock has surged 10.18% and 48.83% in the last three months and past twelve months, respectively. Furthermore, since the start of the year, shares of the Company have gained 4.81%. The stock is trading at a PE ratio of 25.75 and has a dividend yield of 1.95%. Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. AWS has not been compensated; directly or indirectly; for producing or publishing this document. The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst, for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/. For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.


News Article | February 23, 2017
Site: marketersmedia.com

LONDON, UK / ACCESSWIRE / February 23, 2017 / Active Wall St. announces its post-earnings coverage on Kilroy Realty Corp. (NYSE: KRC). The Company announced its financial results for the fourth and full year fiscal 2016 (FY16) on February 06, 2017. The office real estate investment trust's quarterly revenue increased approximately 14% on a y-o-y basis. Register with us now for your free membership at: One of Kilroy Realty's competitors within the REIT - Office space, Digital Realty Trust, Inc. (NYSE: DLR), reported on Thursday, February 16, 2017, details for its Q4 2016 earnings results. AWS will be initiating a research report on Digital Realty Trust in the coming days. Today, AWS is promoting its earnings coverage on KRC; touching on DLR. Get our free coverage by signing up to: For the fourth quarter ended December 31, 2016, KRC's revenues totaled $168.6 million compared to $147.4 million in the prior year's same period. The Company's revenues numbers surpassed analysts' consensus of $163.3 million. KRC's cash same-store NOI was up 9.1% for Q4 2016, and for the year it grew 14.3%. GAAP NOI rose 6.7% in the reported quarter and 4.6% for FY16. For Q4 2016, KRC reported net income available to common stockholders of $29.4 million, or $0.29 per share, compared to $25.3 million, or $0.27 per share, in Q4 2015. The Company's FFO in Q4 2016 was $84.3 million, or $0.87 per share, including $0.01 of acquisition-related expenses, compared to $76.7 million, or $0.80 per share, in the year-earlier comparable quarter. KRC's FFO numbers exceeded Wall Street's expectations for FFO of $0.86 per share. "2016 was another exceptional year for KRC, with strong results across all areas of our business," said John Kilroy, the Company's Chairman, President, and Chief Executive Officer, "Our stabilized portfolio operated at record occupancy, produced record same-store net operating income and generated solid growth in rental rates." At December 31, 2016, KRC's stabilized portfolio totaled approximately 14.0 million square feet of office space and 200 residential units located in Los Angeles, Orange County, San Diego, the San Francisco Bay Area, and greater Seattle. During Q4 2016, the Company signed new or renewing leases in the office portfolio totaling 456,000 square feet of space, at rents that were 12% higher on a cash basis and 33% higher on a GAAP basis. At quarter-end, KRC's office portfolio was occupied 96.0% compared to 96.6% at September 30, 2016, and 94.8% at December 31, 2015. At December 31, 2016, KRC had two office projects totaling approximately 1.1 million square feet, 237 residential units, and 96,000 square feet of retail space under construction, representing a total estimated investment of approximately $980.0 million. The Company noted that it also had one office project in lease-up encompassing approximately 377,000 square feet and representing a total estimated investment of approximately $230.0 million. During Q4 2016, KRC commenced construction of a 400,000 square-foot office and production, distribution, and repair project at 100 Hooper in the SOMA district of San Francisco, with 66% of the office portion pre-leased to Adobe. The Company also started construction on the first phase of its 1.1 million square-foot mixed-use One Paseo project in the Del Mar submarket of San Diego. KRC closed the second of two strategic ventures with Norges Bank Real Estate Management (NBREM), in which NBREM contributed $261.5 million for a 44% common equity interest in 303 Second Street in San Francisco, an amount net of NBREM's proportionate share of existing mortgage debt secured by the property. During Q4 2016, KRC acquired a 179,000 square-foot mixed-use project in West Hollywood, encompassing a 10-story office tower, three retail buildings, a four-level subterranean parking structure, and three billboards for $209.2 million. The project was 87% occupied at December, 31, 2016. The Company also acquired a 129,000 square-foot office, research and wet lab facility and a 37,000 square-foot office building located in Stanford University's Stanford Research Park, both subject to a 51-year ground lease, for $130.0 million. The project was 100% occupied at December 31, 2016. KRC obtained a 10-year, 3.57% fixed-rate mortgage for $170.0 million in the reported quarter secured by the Company's Westside Media Center properties in Los Angeles, and used a portion of the proceeds to pay off a $64.4 million mortgage, at par. The Company also raised net proceeds of $31.9 million through the issuance of common stock under the Company's at-the-market offering program. For FY17, KRC is projecting an initial guidance range of NAREIT-defined FFO per share (diluted) of $3.40-$3.60 per share with a midpoint of $3.50 per share, compared to FFO of $3.41 per share in FY16 after adjusting for a $0.05 per share gain from a property damage settlement. On February 23, 2017, Kilroy Realty's share price finished the trading session at $76.74, slightly down by 0.60%. A total volume of 369.01 thousand shares exchanged hands. The stock has surged 10.18% and 48.83% in the last three months and past twelve months, respectively. Furthermore, since the start of the year, shares of the Company have gained 4.81%. The stock is trading at a PE ratio of 25.75 and has a dividend yield of 1.95%. Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. AWS has not been compensated; directly or indirectly; for producing or publishing this document. The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/. For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute. LONDON, UK / ACCESSWIRE / February 23, 2017 / Active Wall St. announces its post-earnings coverage on Kilroy Realty Corp. (NYSE: KRC). The Company announced its financial results for the fourth and full year fiscal 2016 (FY16) on February 06, 2017. The office real estate investment trust's quarterly revenue increased approximately 14% on a y-o-y basis. Register with us now for your free membership at: One of Kilroy Realty's competitors within the REIT - Office space, Digital Realty Trust, Inc. (NYSE: DLR), reported on Thursday, February 16, 2017, details for its Q4 2016 earnings results. AWS will be initiating a research report on Digital Realty Trust in the coming days. Today, AWS is promoting its earnings coverage on KRC; touching on DLR. Get our free coverage by signing up to: For the fourth quarter ended December 31, 2016, KRC's revenues totaled $168.6 million compared to $147.4 million in the prior year's same period. The Company's revenues numbers surpassed analysts' consensus of $163.3 million. KRC's cash same-store NOI was up 9.1% for Q4 2016, and for the year it grew 14.3%. GAAP NOI rose 6.7% in the reported quarter and 4.6% for FY16. For Q4 2016, KRC reported net income available to common stockholders of $29.4 million, or $0.29 per share, compared to $25.3 million, or $0.27 per share, in Q4 2015. The Company's FFO in Q4 2016 was $84.3 million, or $0.87 per share, including $0.01 of acquisition-related expenses, compared to $76.7 million, or $0.80 per share, in the year-earlier comparable quarter. KRC's FFO numbers exceeded Wall Street's expectations for FFO of $0.86 per share. "2016 was another exceptional year for KRC, with strong results across all areas of our business," said John Kilroy, the Company's Chairman, President, and Chief Executive Officer, "Our stabilized portfolio operated at record occupancy, produced record same-store net operating income and generated solid growth in rental rates." At December 31, 2016, KRC's stabilized portfolio totaled approximately 14.0 million square feet of office space and 200 residential units located in Los Angeles, Orange County, San Diego, the San Francisco Bay Area, and greater Seattle. During Q4 2016, the Company signed new or renewing leases in the office portfolio totaling 456,000 square feet of space, at rents that were 12% higher on a cash basis and 33% higher on a GAAP basis. At quarter-end, KRC's office portfolio was occupied 96.0% compared to 96.6% at September 30, 2016, and 94.8% at December 31, 2015. At December 31, 2016, KRC had two office projects totaling approximately 1.1 million square feet, 237 residential units, and 96,000 square feet of retail space under construction, representing a total estimated investment of approximately $980.0 million. The Company noted that it also had one office project in lease-up encompassing approximately 377,000 square feet and representing a total estimated investment of approximately $230.0 million. During Q4 2016, KRC commenced construction of a 400,000 square-foot office and production, distribution, and repair project at 100 Hooper in the SOMA district of San Francisco, with 66% of the office portion pre-leased to Adobe. The Company also started construction on the first phase of its 1.1 million square-foot mixed-use One Paseo project in the Del Mar submarket of San Diego. KRC closed the second of two strategic ventures with Norges Bank Real Estate Management (NBREM), in which NBREM contributed $261.5 million for a 44% common equity interest in 303 Second Street in San Francisco, an amount net of NBREM's proportionate share of existing mortgage debt secured by the property. During Q4 2016, KRC acquired a 179,000 square-foot mixed-use project in West Hollywood, encompassing a 10-story office tower, three retail buildings, a four-level subterranean parking structure, and three billboards for $209.2 million. The project was 87% occupied at December, 31, 2016. The Company also acquired a 129,000 square-foot office, research and wet lab facility and a 37,000 square-foot office building located in Stanford University's Stanford Research Park, both subject to a 51-year ground lease, for $130.0 million. The project was 100% occupied at December 31, 2016. KRC obtained a 10-year, 3.57% fixed-rate mortgage for $170.0 million in the reported quarter secured by the Company's Westside Media Center properties in Los Angeles, and used a portion of the proceeds to pay off a $64.4 million mortgage, at par. The Company also raised net proceeds of $31.9 million through the issuance of common stock under the Company's at-the-market offering program. For FY17, KRC is projecting an initial guidance range of NAREIT-defined FFO per share (diluted) of $3.40-$3.60 per share with a midpoint of $3.50 per share, compared to FFO of $3.41 per share in FY16 after adjusting for a $0.05 per share gain from a property damage settlement. On February 23, 2017, Kilroy Realty's share price finished the trading session at $76.74, slightly down by 0.60%. A total volume of 369.01 thousand shares exchanged hands. The stock has surged 10.18% and 48.83% in the last three months and past twelve months, respectively. Furthermore, since the start of the year, shares of the Company have gained 4.81%. The stock is trading at a PE ratio of 25.75 and has a dividend yield of 1.95%. Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. AWS has not been compensated; directly or indirectly; for producing or publishing this document. The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. 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Choi K.,Second Street | Forster J.,Second Street
American Journal of Public Health | Year: 2013

Objectives. We assessed the characteristics associated with the awareness, perceptions, and use of electronic nicotine delivery systems (e-cigarettes) among young adults. Methods. We collected data in 2010-2011 from a cohort of 2624 US Midwestern adults aged 20 to 28 years. We assessed awareness and use of e-cigarettes, perceptions of them as a smoking cessation aid, and beliefs about their harmfulness and addictiveness relative to cigarettes and estimated their associations with demographic characteristics, smoking status, and peer smoking. Results. Overall, 69.9% of respondents were aware of e-cigarettes, 7.0% had ever used e-cigarettes, and 1.2% had used e-cigarettes in the past 30 days. Men, current and former smokers, and participants who had at least 1 close friend who smoked were more likely to be aware of and to have used e-cigarettes. Among those who were aware of e-cigarettes, 44.5% agreed e-cigarettes can help people quit smoking, 52.8% agreed e-cigarettes are less harmful than cigarettes, and 26.3% agreed e-cigarettes are less addictive than cigarettes. Conclusions. Health communication interventions to provide correct information about e-cigarettes and regulation of e-cigarette marketing may be effective in reducing young adults' experimentation with e-cigarettes.


Lifson A.R.,Second Street | Lando H.A.,Second Street
Current HIV/AIDS Reports | Year: 2012

Health hazards due to smoking may undermine benefits of HIV treatment on morbidity and mortality. Over 40% of persons with HIV are current smokers. Health risks of smoking include increases in some HIV-associated infections, cardiovascular disease, some cancers, bacterial pneumonia and other lung disease, and overall mortality. Proven strategies for smoking cessation include various counseling approaches, nicotine replacement therapy and other pharmacotherapy; approaches may need to be individualized to address specific client needs and comorbidities. HIV clinicians and other service providers can have an influential role in screening their patients for smoking and promoting cessationprograms to improve health. © 2012 Springer Science+Business Media, LLC.


Choi K.,Second Street | Forster J.L.,Second Street
American Journal of Preventive Medicine | Year: 2014

Background Previous cross-sectional studies found that positive beliefs about electronic nicotine delivery systems (commonly known as electronic cigarettes or e-cigarettes) were associated with use of these products. However, the prospective association between these beliefs and subsequent use of e-cigarettes is unclear. Purpose To identify the beliefs predicting subsequent use of e-cigarettes. Methods A total of 1379 young adults (mean age=24.1 years) from the Minnesota Adolescent Community Cohort who reported never using e-cigarettes at baseline (collected Oct 2010-Mar 2011) and completed follow-up data collection (during Oct 2011-Mar 2012) were included in this analysis. Participants' beliefs about e-cigarettes (potential as quit aids, harmfulness and addictiveness relative to cigarettes) were asked at baseline (yes/no). At follow-up, participants were asked if they had ever used e-cigarettes. Logistic regression models were used to assess the associations between beliefs about e-cigarettes and subsequent experimentation. Analysis was conducted in 2012. Results At follow-up, 7.4% of the sample reported ever using e-cigarettes (21.6% among baseline current smokers, 11.9% among baseline former smokers, and 2.9% among baseline nonsmokers). Participants who believed e-cigarettes can help people quit smoking and perceived e-cigarettes to be less harmful than cigarettes at baseline were more likely to report experimenting with e-cigarettes at follow-up (p<0.05). These associations did not differ by smoking status. Conclusions Given that young adults are still developing their tobacco use behaviors, informing them about the lack of evidence to support e-cigarettes as quit aids and the unknown health risk of e-cigarettes may deter young adults from trying these products. © 2014 American Journal of Preventive Medicine.


Chattopadhyay D.,Second Street
Renewable and Sustainable Energy Reviews | Year: 2014

Renewable power generation development, most notably for wind and solar, has taken off at a rapid pace in India especially in the last 4 years. While these developments have many positive aspects, a rapid shift in balance of baseload and intermittent generation must be assessed carefully to ensure the share of renewable power generation increases without compromising system security and economics. Seasonal and spatial variability of wind, and to a lesser extent that of solar, can render these resources to have low availability for a significant part of the year leading to an increase in unserved energy, i.e., deteriorate system reliability. The intermittency of generation also impacts on inter-state power flows and lead to higher congestion in the grid. Climate model results provide a rich set of information on the nature of solar/wind variability that can be embedded in an electricity market simulation tool to assess these impacts on prices, generation dispatch and power flows. We have developed a modelling analysis for the Indian national electricity market informed by CSIRO climate model results. We have assessed the added costs arising from intermittency to put in perspective the true costs and benefits of renewable power. We have focused on the near-term developments in 2017 to show how some of the high renewable growth scenarios included in the Indian National Electricity Plan may imply significant pressure on inter-state/region transfer capability, and lead to a significant worsening of system reliability. The outcome of our modelling analysis suggests that a more orderly and balanced development of renewable and conventional power generation capacity is needed with a stronger focus on system economics and security. © 2013 Elsevier Ltd.


Research on racial residential segregation and health typically uses multilevel, population-based, slice-in-time data. Although research using this approach, including that by Kershaw et al. (Am J Epidemiol. 2013;177(4):299-309) , has been valuable, I argue that to advance our understanding of how residential segregation influences health and health disparities, it is critical to incorporate a life-course perspective and integrate social theory. Applying a life-course perspective would entail modeling transitions, cumulative risk, and developmental and dynamic processes and mechanisms, as well as recognizing the contingency of contextual effects on different social groups. I discuss the need for analytic methods appropriate for modeling health effects of distal causes experienced across the life course, such as segregation, that operate through multiple levels and sequences of mediators, potentially across decades. Sociological theories of neighborhood attainment (e.g., segmented assimilation, ethnic resurgence, and place stratification theories) can guide effect-modification tests to help illuminate health effects resulting from intersections of residential processes, race/ethnicity, immigration, and other social determinants of health. For example, nativity and immigration history may crucially shape residential processes and exposures, but these have received limited attention in prior segregation-health literature. © 2013 The Author.


News Article | February 23, 2017
Site: www.prlog.org

Gustave White Sotheby's International Realty is pleased to announce the sale of the historic "Bigelow Carriage House", a restored residence located at 79 Second Street in Newport's beautiful Point neighborhood.

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