corporate finance
When Business Strategy Rhymes With Financial Reporting Complexity
Dr Cédric Poretti | May 19, 2023
An insightful exploration into how certain business strategies can enhance the flexibility of companies while simultaneously increasing their financial reporting complexity. The COVID-19 pandemic and the recent invasion of Ukraine are two prime examples of unanticipated shocks that have placed intense strain on companies’ financials. These events generated uncertainty and highlighted the importance of managing risks and being flexible. Financial flexibility can be achieved through retaining adequate cash reserves to handle any unforeseen obligation or constraint, or adopting a cost structure that allows the firm to withstand a sudden dec...
Colebrook Financial Finances Vacatia’s Acquisition of Liberte Management, LLC
Colebrrok Financial Company | August 31, 2022
Middletown, CT (August 31, 2022) –Colebrook Financial Company, a leading lender to the timeshare and travel club industries has provided financing to Vacatia Inc., a leading provider of innovative, customer-centric solutions for timeshare resorts, to acquire Liberté Management Company. Liberté Management Group, a Vacatia Company, manages six Florida properties located on St. Pete Beach, Redington Shores, Madeira Beach, Treasure Island and Belleair Beach. Vacatia is an innovative hospitality company offering resort residence rentals and timeshare resales. The Mill Valley, California--based company also partners with timeshare home...
Agilysys to Report Fiscal 2023 First Quarter Results July 26th and Host Conference Call and Webcast
Agilysys | July 13, 2022
ALPHARETTA, GA. — July 13, 2022 — Agilysys, Inc. (AGYS), a leading global provider of next-generation, cloud-native SaaS and on-premise hospitality software solutions and services, announced today that it will release its fiscal 2023 first-quarter results after the market closes on Tuesday, July 26th, 2022 and host a conference call and webcast at 4:30 p.m. ET that day. Both the call and webcast are open to the general public. All participants should register for the call using the participant registration URL: https://register.vevent.com/register/BIbcadd579f9d0440a90b3adb201ba0636 Once registered, participants will receive a conf...
VICI Properties Inc. Announces Fourth Quarter and Full Year 2020 Results
VICI Properties | February 19, 2021
NEW YORK--February 19, 2021--VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or the “Company”), an experiential real estate investment trust, today reported results for the quarter and year ended December 31, 2020. All per share amounts included herein are on a per diluted share basis unless otherwise stated. Fourth Quarter 2020 Financial and Operating Highlights Total revenues increased 57.0% year-over-year to $373.0 million Net income attributable to common stockholders was $288.0 million, or $0.53 per share AFFO increased 42.5% year-over-year to $251.7 million AFFO per share increased 24.3% to $0.46 Complet...
Host Hotels & Resorts, Inc. Reports Results for 2020
Host Hotels & Resorts | February 19, 2021
BETHESDA, Md., Feb. 19, 2021 -- Host Hotels & Resorts, Inc. (NASDAQ: HST) (the “Company”), the nation’s largest lodging real estate investment trust (“REIT”), today announced results for the fourth quarter and full year 2020. James F. Risoleo, President and Chief Executive Officer, said, “We continued to grow sequential revenues while minimizing operating expenses in the fourth quarter and further reduced our net loss and hotel-level operating losses from third-quarter levels. With accelerating vaccine deployment, decreasing weekly COVID-19 case counts and the easing of lockdowns, we are encouraged by recent booking activitie...
