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Nexus Industrial REIT Q1 Normalized FFO and Property Revenue Advance

Nexus Industrial REIT (NXR-UN.TO) first quarter normalized funds from operations and property revenue both climbed but narrowly missed estimates, the company reported Monday.Funds from operations edged up to $17.7 million, or $0.18 per diluted unit, from $17.6 million, or $0.19 per diluted unit in the prior year period. Analysts polled by FactSet had expected $0.19 per unit.Property revenue rose to $46.02 million, from $44.8 million over the same period, missing the $48.5 million consensus estimate.Nexus reported a 95% in-place and committed industrial occupancy rate, a 100 basis point decrease compared with Dec. 31, 2025.For 2026, Nexus expects mid-single digit same property NOI growth in its industrial portfolio, primarily due to the lease-up of vacant space, and releasing space at market rents that exceed expiring rents,Nexus REIT units closed down $0.03, to $8.06 on Monday on the Toronto Stock Exchange.

$NXR-UN.TO

Jefferies Initiates Kailera Therapeutics at Buy With $48 Price Target

TD Cowen Initiates Kailera Therapeutics at Buy With $57 Price Target

Leerink Initiates Kailera Therapeutics at Outperform With $36 Price Target

US Markets53d ago

Jollibee's Q1 Profit Slides 39% Amid Cost Pressures

Jollibee (PSE:JFC) logged a lower profit in the first quarter following a decline in operating profit and below-the-line items, as well as higher direct costs.The Philippine fast food giant's attributable profit slid 39% year over year to 1.47 billion pesos from 2.50 billion pesos.Diluted earnings per share fell 40% to 1.232 pesos from 2.062 pesos in the year-ago period.Despite the decline, the first quarter results "reflect the resilience of our diversified portfolio," CEO Ernesto Tamantiong said in a press statement.Revenue jumped 9% to 76.5 billion pesos from 70.2 billion pesos.System-wide sales widened 10% to 113.9 billion pesos from 103.2 billion pesos. The indicator grew 8% in its Philippine businesses, led by grilled chicken fast-food chain Mang Inasal, up 16%, and the main Jollibee brand, up 7.6%.Same-store sales growth increased 3.5%, with the Philippines segment rising 3.2% amid higher demand in March due to graduation-related spending and reflecting a higher base in the previous year due to election-related spending.International same-store sales growth jumped 4%, led by its Vietnam business surging 26% and the North American market 4.6%.Jollibee grew its footprint by 4.9% to 10,421 stores, with 3,499 in the Philippines and 6,922 abroad. The chain opened 181 gross new stores, with 149 international openings.Direct costs jumped nearly 12% as inflation impacted certain commodities and supply chain items, the fast food chain said.General and administrative expenses jumped 9.4% but advertising costs fell nearly 18%.The fast-food giant plans to implement "measured" price increases starting in the second quarter while carrying out cost-management measures, Tamantiong said."We are managing today's cost volatility prudently, and we remain confident in our long-term growth outlook. As costs normalize over time, we remain focused on prudent capital allocation and sustaining profitable, long-term growth," Chief Financial and Risk Officer Richard Shin said.Shares slid by as much as 8.8% to 147 pesos on Tuesday before closing 11% lower at 144 pesos.

PSE:JFC

Evercore ISI Kailera Therapeutics Initiates at Outperform

William Blair Initiates Kailera Therapeutics at Outperform

Dow JonesNasdaq CompositeS&P 500$ZBRA

Asia53d ago

Tencent Music Entertainment More than Halves Q1 Profit

Tencent Music Entertainment (HKG:1698) recorded an attributable profit of 2.09 billion yuan in the first quarter of 2026, down from 4.29 billion yuan a year prior, according to a Tuesday Hong Kong bourse filing.Earnings per share slipped to 0.67 yuan from 1.39 yuan in the corresponding period of the previous fiscal year.Revenue climbed 7.3% to 7.9 billion yuan from 7.36 billion yuan in the year-ago period, mainly due to a higher revenue from music-related services.The lower profit came about due to the absence of a gain of 2.37 billion yuan on the deemed disposal of an associate in the first quarter of 2025.

HKG:1698

International53d ago

Oil, Geopolitics, Inflation Outlooks Damp Wall Street Pre-Bell; Asia Mixed, Europe Off

Wall Street futures pointed moderately lower pre-bell Tuesday as traders weighed rising crude prices, Persian Gulf turmoil, and a still-closed Strait of Hormuz, the vital waterway for oil tankers.In the futures, the S&P 500 fell 0.4%, the Nasdaq declined 0.8% and the Dow Jones was off 0.1%.West Texas Intermediate crude oil traded up 3.7% to $101.69 a barrel, in morning action.Investors also await the April consumer price index (CPI) bulletin from Washington, at 8:30 am ET. The consensus is for the headline CPI to gain 3.7% on year, but for the CPI-core, that strips out certain food and energy bills, to rise by a more-modest 2.7% in the 12-month period to April.Asian exchanges traded mixed on the downside overnight, while European bourses tracked moderately lower midday on the continent.Zebra Technologies (ZBRA) rose 16.6% pre-bell after the workflow and data capture enterprise reported strong fiscal Q1 results and boosted guidance, in morning hours.Federal Reserve New York President John Williams and Chicago President Austan Goolsbee are slated to speak on Tuesday.In premarket action, Bitcoin traded at $80,690, and 10-year US Treasuries offered 4.43%. Spot gold commanded $4,693 an ounce.

Earnings Flash (WN.TO) George Weston Posts Q1 Adjusted Net Earnings Available to Common Holders of $349M, an Increase of $10M, or 2.9%

$WN.TO

Dow JonesNasdaq CompositeS&P 500$ARMK$JD$ONON$SE$TME$UA$UAA

Earnings Flash (WN.TO) George Weston Reports Q1Adjusted EBITDA $1,707M, an increase of $99M, or 6.2%.

$WN.TO

Equities53d ago

Capital One Adjusts Price Target on APA to $51 From $50, Maintains Overweight Rating

APA (APA) has an average rating of hold and mean price target of $42.11, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$APA

US Markets53d ago

Stocks Down Pre-Bell as Trump Warns US-Iran Ceasefire Fragile; Inflation Data on Deck

US equity futures were pointing lower on Tuesday as investors assess President Donald Trump's latest comments on the US-Iran ceasefire and await a key inflation report.The S&P 500 declined 0.3%, the Dow Jones Industrial Average edged down 0.1% and the Nasdaq was off 0.7% in premarket activity. The indexes finished the previous trading session up, with the S&P 500 and the Nasdaq logging new closing highs.The ceasefire agreement between the US and Iran is on "massive life support," Trump told reporters on Monday, according to several media outlets. "I would call it the weakest, right now, after reading that piece of garbage they sent us - I didn't even finish reading it," Trump reportedly said.Trump on Sunday rejected Iran's counteroffer to end the war, extending uncertainty around oil flows through the Strait of Hormuz. Tehran's proposal, delivered via mediator Pakistan, reportedly sought an immediate end to hostilities, the lifting of the US naval blockade of its ports and assurances against further aggression.West Texas Intermediate crude oil increased 3.2% to $101.16 a barrel before the opening bell, while Brent advanced 2.9% to $107.27.Trump is scheduled to arrive in China Wednesday for a high-stakes state visit, with talks set to take place Thursday and Friday."The US will want China to use its influence with Tehran, especially because China is a major buyer of Iranian oil," Saxo Bank Chief Investment Strategist Charu Chanana said in a report Monday. "China, meanwhile, wants energy security and stable shipping lanes, but it is unlikely to appear as if it is acting under US instruction."The consumer price index report for April is scheduled for an 8:30 am ET release. Official data are expected to show that consumer inflation rose 0.6% and 3.7% on sequential and annual bases last month, according to a Bloomberg-compiled consensus.Treasury yields were trending higher in premarket action, with the two-year rate rising 2.4 basis points to 3.97% and the 10-year rate adding 1.9 basis points to 4.43%.The National Federation of Independent Business small business optimism index posted a 0.1-point increase for April to 95.9.Sea (SE), JD.com (JD), On Holding (ONON), Tencent Music Entertainment (TME), Aramark (ARMK) and Under Armour (UA, UAA) are scheduled to report their latest financial results before the bell, among others.Gold declined 0.6% to $4,701 per troy ounce, while bitcoin fell 1.5% to $80,679.

Earnings Flash (POU.TO) Paramount Resources Reports Increased Production Guidance and Lower Capex Guidance

$POU.TO

Earnings Flash (POU.TO) Paramount Resources Posts Q1 Per Share Basic $0.37 and Diluted $0.36 Vs $8.90 and $8.74 a Year Earlier

$POU.TO

George Weston In 2026 Outlook Adds It Expects To Use Excess Cash to Repurchase Shares

$L.TO$WN.TO