Third Quarter 2017 NCREIF Indices Review. Fall Conference November 7, 2017
|
|
- Roxanne Jordan
- 5 years ago
- Views:
Transcription
1 Third Quarter 2017 NCREIF Indices Review Fall Conference November 7, 2017
2 Panelist Overview Jeff Fisher NCREIF Data & Research Consultant Sara Rutledge NCREIF Director of Research John Ehli Portfolio Manager Deutsche Asset Management
3 Disclaimer Today we will be presenting what we see in the NCREIF data, trends and changes; all comments about future expectations are the personal views of the speakers and not a reflection of a NCREIF opinion or forecast.
4 Overview Steady as She Goes 3Q 2017 NPI total return nearly equal to same quarter last year Volatility of total returns at historic low Industrial remains the top performer Net NFI-ODCE fund flows remain negative for the trailing year Occupancy holding at its 15-year high Rental income growth mixed by property type as retail struggles and industrial remains strong 4
5 NCREIF Overview Third Quarter 2017 Index Composition NPI NPI - Leveraged Properties Only NFI-ODCE Farmland Timberland Contributors Properties 7,165 3,568 2, Market Value $543.5 B $349.8 B $220.9 B $8.1 B $26.2 B Inception Date 1978 Q Q Q Q Q1 Sold Properties Leverage Unlevered 41.5% 21.3% Unlevered Unlevered Quarterly Return 1.70% 2.01% 1.87% 1.02% 0.60% 1 Year Return 6.89% 8.96% 7.66% 6.15% 3.28% Note: NFI-ODCE returns are gross of fees. 5
6 Total Return Trends by Asset Class Comparison as of September 30, Q Year 10-Year 20% 18% 18.6% 16% 14% 12.6% 12% 10% 9.0% 8% 6% 4% 2% 6.9% 6.2% 1.7% 2.0% 7.6% 1.0% 6.2% 0.6% 3.3% 1.9% 7.7% 5.2% 5.0% 1.1% 2.6% 6.1% 4.5% 7.4% 0% NPI Leveraged NPI NCREIF Farmland NCREIF Timberland NFI-ODCE - gross of fees NAREIT Equity REIT Index S&P 500 Index 6
7 Market Value Index NPI Total Return NPI Total Return Stable at 1.5%-to-1.75% for Past 5 Quarters 4.0% 3.5% 3.0% 2.5% 2.0% 1.5% 1.0% 0.5% 0.0% 2015Q1 2015Q2 2015Q3 2015Q4 2016Q1 2016Q2 2016Q3 2016Q4 2017Q1 2017Q2 2017Q3 with Prices Still Rising and Well Above Long-Term Trend and Prior Peak Note: The Market Value Index (MVI) is an equal-weighted index and excludes expansion capital expenditures. 7
8 NPI VIX : 4Q Standard Deviation of Total Returns 4.5% 4.0% 3.5% 3.0% 2.5% 2.0% 1.5% 1.0% 0.5% 0.0% 8
9 1979Q1 1980Q1 1981Q1 1982Q1 1983Q1 1984Q1 1985Q1 1986Q1 1987Q1 1988Q1 1989Q1 1990Q1 1991Q1 1992Q1 1993Q1 1994Q1 1995Q1 1996Q1 1997Q1 1998Q1 1999Q1 2000Q1 2001Q1 2002Q1 2003Q1 2004Q1 2005Q1 2006Q1 2007Q1 2008Q1 2009Q1 2010Q1 2011Q1 2012Q1 2013Q1 2014Q1 2015Q1 2016Q1 2017Q1 Annual NPI Return History 30% Total Return Income Return Capital Return 20% 10% 0% -10% -20% -30% 9
10 Loan-to-Value Ratio Implied Interest Rate Property Leverage Ratio for All NPI and ODCE with Implied Interest Rate Property LTV - All NPI Property LTV - ODCE Implied Interest Rate 45% 40% 35% 30% 25% 14% 12% 10% 8% 20% 15% 10% 5% 0% 6% 4% 2% 0% 10
11 Question What will be the best performing asset class in 2017? A. NCREIF Leveraged Returns B. S&P 500 Stocks C. Corporate Bonds D. NAREIT Index 11
12 Real GDP Growth NPI Total Return Annual Real GDP Growth and NPI Total Return Annual GDP Growth Annual NPI Total Return 6% 5% 4% 3% 2% 1% 0% 25% 20% 15% 10% 5% 0% -5% -1% -2% -3% -4% -10% -15% -20% -25% Source: U.S. Bureau of Labor Statistics, NCREIF. 12
13 Quarterly Growth, SAAR Quarterly Real GDP Growth: Contributions by Major Component 6% Personal Consumption Business Investment Residential Investment Inventories Exports Imports Government GDP Growth 5% 4% 3% 2% 1% 0% -1% -2% -3% 1Q Q Q Q Q Q Q Q Q Q Q 2017 Source: U.S. Bureau of Economic Analysis, NCREIF. 13
14 Office Employment Growth NPI Total Return Annual Office Employment Growth and NPI Total Returns Annual Office Job Growth Annual NPI Total Return 8% 6% 4% 2% 0% -2% -4% -6% -8% 25% 20% 15% 10% 5% 0% -5% -10% -15% -20% -25% Source: U.S. Bureau of Labor Statistics, NCREIF. 14
15 Annual Job Growth Annual Job Growth: Key Real Estate Segments 8% Office Transp/Warehousing Retail 6% 4% 2% 0% -2% -4% -6% -8% Source: U.S. Bureau of Labor Statistics, NCREIF. 15
16 1Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q 2017 ODCE Net Fund Flows ($Bil) NFI-ODCE Fund Flows 4Q Rolling Total as of September 30, 2017 $20.0 Contributions Distributions/Redemptions $18.0 $16.0 $14.0 $12.0 $10.0 $8.0 $6.0 $4.0 $2.0 $0.0 16
17 1Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q 2017 NFI-ODCE Fund Flows (% Net RE Assets) NFI-ODCE Fund Flows as Share of Net Real Estate Assets 4Q Rolling Total as of September 30, % Net Flows Contributions Distributions/Redemptions 25.0% 20.0% 15.0% 10.0% 5.0% 0.0% -5.0% -10.0% 17
18 1Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q 2017 NFI-ODCE Net Fund Flows (% Net RE Assets) Annual Total Return NFI-ODCE Net Fund Flows as Share of Net Real Estate Assets with Total Returns 4Q Rolling Fund Flows Share/Annual Returns as of September 30, % Net Flows NFI-ODCE Annual Total Return NPI Annual Total Return 25.0% 20.0% 15.0% 10.0% 5.0% 0.0% -5.0% -10.0% 20.0% 15.0% 10.0% 5.0% 0.0% -5.0% -10.0% -15.0% -20.0% -25.0% -30.0% -35.0% -40.0% 18
19 1990Q4 1991Q4 1992Q4 1993Q4 1994Q4 1995Q4 1996Q4 1997Q4 1998Q4 1999Q4 2000Q4 2001Q4 2002Q4 2003Q4 2004Q4 2005Q4 2006Q4 2007Q4 2008Q4 2009Q4 2010Q4 2011Q4 2012Q4 2013Q4 2014Q4 2015Q4 2016Q4 Capital Return Percent Sold 1990Q4 1991Q4 1992Q4 1993Q4 1994Q4 1995Q4 1996Q4 1997Q4 1998Q4 1999Q4 2000Q4 2001Q4 2002Q4 2003Q4 2004Q4 2005Q4 2006Q4 2007Q4 2008Q4 2009Q4 2010Q4 2011Q4 2012Q4 2013Q4 2014Q4 2015Q4 2016Q4 Sold Properties Sales Volume ($Bil) NPI Sale Transactions 1, Q Rolling Sold Properties 4Q Rolling Sales Volume Annual NPI Sales Transactions and Volume $45 $40 $35 $30 $25 $20 $15 $10 $5 $0 Annual Capital Return and Share of NPI Properties Sold 15% 10% 5% 0% -5% -10% -15% -20% -25% -30% Capital Return Percent Sold 20% 18% 16% 14% 12% 10% 8% 6% 4% 2% 0% 19
20 QMA Value Weighted Cap Rate Long-Term NPI Implied Appraisal Capitalization Rate Trend 9.0% Cap Rate 20Y Avg SI Avg 8.5% 8.0% 7.5% 7.0% 6.5% 6.0% 5.5% 5.0% 4.5% 4.0% Note: Implied Cap Rate Equals Current Quarter NOI Divided by Current Quarter Market Value Multiplied by 4. 20
21 1997Q1 1997Q3 1998Q1 1998Q3 1999Q1 1999Q3 2000Q1 2000Q3 2001Q1 2001Q3 2002Q1 2002Q3 2003Q1 2003Q3 2004Q1 2004Q3 2005Q1 2005Q3 2006Q1 2006Q3 2007Q1 2007Q3 2008Q1 2008Q3 2009Q1 2009Q3 2010Q1 2010Q3 2011Q1 2011Q3 2012Q1 2012Q3 2013Q1 2013Q3 2014Q1 2014Q3 2015Q1 2015Q3 2016Q1 2016Q3 2017Q1 2017Q3 NPI Cap Rate Spread NPI Cap Rate Spreads: 10Y U.S. Treasury and Corporate BBB Effective Yield 5% Spread to Corp BBB 20Y Avg - BBB Spread to 10Y UST 20Y Avg - UST 4% 3% 2% 1% 0% -1% -2% -3% -4% -5% Source: Federal Reserve Bank of St. Louis (FRED), NCREIF. 21
22 Question What will cap rates be for the nation by the end of 2017? A. Below 4% B. 4% to 5% C. 5% to 6% D. Above 6% 22
23 QMA Cap Rate NPI Capitalization Rates: Trend by Property Type 10% Apartment Industrial Office Retail 9% 8% 7% 6% 5% 4% 23
24 2011-Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q3 Discount Rate NFI-ODCE Fund Discount Rates: Trend by Property Type 10-Year Holding Period 9.0% Apartment Industrial Office Retail 8.5% 8.0% 7.5% 7.0% 6.5% 6.0% 5.5% Note: Data excludes two NFI-ODCE funds. Source: Altus, NCREIF. 24
25 2Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q NCREIF Indicators: Market Value Index (MVI) Level Annual Change MVI 20% 15% 10% 5% 0% -5% -10% -15% -20% -25% -30% MVI by Property Type Apartment Industrial Office Retail Note: The Market Value Index (MVI) is an equal-weighted index and excludes expansion capital expenditures. 25
26 Question When will the Market Value Index (MVI) peak for this cycle? A B C D or later 26
27 NPI Total Returns: Current Quarter Detail Property Size Total Returns 2.5% 2.0% Fund Type Total Returns 3.0% 2.5% 1.5% 2.0% 1.0% 0.5% 1.50% 2.03% 1.5% 1.0% 0.5% 1.58% 1.87% 1.62% 2.50% 0.0% > $100 million <= $100 million Appraisal Type Total Returns 0.0% ODCE Open End Separate Account Ownership Returns Closed 2.0% 1.5% 1.0% 0.5% 0.0% 1.66% 1.74% External Internal 2.0% 1.8% 1.6% 1.4% 1.2% 1.0% 0.8% 0.6% 0.4% 0.2% 0.0% 1.62% Joint Venture 1.76% Wholly Owned 27
28 Seattle Los Angeles NPI Denver San Francisco Chicago Boston New York City Dallas Houston Washington DC NPI Total Returns: Top 10 Markets by Market Value Top 10 Markets versus All Others 2.0% 1.8% 1.6% 1.4% 1.2% 1.0% 0.8% 0.6% 0.4% 0.2% 0.0% 3.5% 1.62% Top 10 Markets 1.80% Other Markets Top 10 Markets MV ($Bil) New York City $ Los Angeles $ Washington DC $ Chicago $ San Francisco $ Seattle $ Boston $ Dallas $ Houston $ Denver $ Quarterly Total Return: Top 10 and NPI 3.0% 2.5% 2.0% 1.5% 1.0% 0.5% 0.0% 28
29 Current Quarter Basis Point Total Return Impact by Metro Apartment Office Seattle Chicago Houston New York Silver Spring MD Industrial Retail Los Angeles Seattle New York Inland Empire Tacoma Washington DC New York Seattle Boston Orange County New York Washington DC Baltimore Knoxville TN San Diego 29
30 NPI Total Returns by Property Type: 3Q 2017 Income Capital Total 3.5% 3.3% 3.0% 2.5% 2.0% 1.7% 2.2% 2.3% 2.1% 1.5% 1.0% 1.1% 1.2% 1.4% 1.1% 1.1% 1.2% 0.5% 0.0% 0.6% 0.3% 0.1% 0.1% Apartment Hotel Industrial Office Retail 30
31 NPI Total Returns: Current Quarter Property Type Detail Apartment by Subtype 3.0% 2.5% 2.0% 1.5% 1.0% 0.5% 0.0% 1.27% 1.67% Office by Location/Value 2.41% High-rise Low-Rise Garden Industrial by Size/Type 4.0% 3.5% 3.0% 2.5% 2.0% 1.5% 1.0% 0.5% 0.0% 3.45% 3.45% Local Wh. (<= 250K SF) Retail by Type Regional Wh. (250K-500K SF) 3.23% National/Bulk Wh. (500K+ SF) 2.48% Other Industrial 2.0% 1.6% 1.4% 1.5% 1.2% 1.0% 1.0% 0.5% 1.29% 1.74% 1.19% 0.8% 0.6% 0.4% 1.22% 1.41% 0.96% 0.0% CBD Suburban > $100M Suburban <= $100M 0.2% 0.0% Super Reg./Reg. Neighborhood/Comm. Other Retail 31
32 NPI Total Returns by Property Type: Annual Returns Over Last Five Years 18.0% 3Q Q Q Q Q % 14.0% 12.0% 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% Apartment Hotel Industrial Office Retail 32
33 NCREIF Analytics: Market Performance Report 5-Yr. Risk v. Return San Francisco Seattle Los Angeles Boston Chicago New York Washington DC
34 Question What will be the best performing property sector in 2017? A. Apartment B. Hotel C. Industrial D. Office E. Retail 34
35 NPI Net Operating Income Growth Rolling Four Quarters 7.0% 6.0% 5.0% 4.0% 3.0% 2.0% 4.1% 5.9% 5.7% 5.4% 5.1% 1.0% 0.0% 3Q Q Q Q Q
36 Q Rolling NOI Growth NPI Net Operating Income Growth Trends by Property Type 15% Apartment Industrial Office Retail 10% 5% 0% -5% -10% 36
37 NPI Rental Income Growth Rolling Four Quarters 6.0% 5.0% 4.0% 3.0% 2.0% 4.9% 3.9% 4.2% 4.1% 3.4% 1.0% 0.0% 3Q Q Q Q Q
38 Q Rolling Rent Growth NPI Rental Income Growth Trends by Property Type Apartment Industrial Office Retail 10% 8% 6% 4% 2% 0% -2% -4% -6% -8% -10% 38
39 2011-Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q3 Rent Growth NFI-ODCE Average Projected Market Rent Growth by Property Type 10-Year Holding Period 3.8% Apartment Industrial Office Retail 3.6% 3.4% 3.2% 3.0% 2.8% 2.6% 2.4% 2.2% 2.0% Note: Data excludes two NFI-ODCE funds. Source: Altus, NCREIF. 39
40 Question Which property type will have the highest NOI growth in 2017? A. Apartment B. Industrial C. Office D. Retail 40
41 Recent Occupancy Rate Trends 100% Occupancy Last Five Years NPI ODCE 95% 91.2% 90.7% 92.7% 91.8% 92.9% 93.3% 93.3% 93.2% 92.6% 92.3% 90% 85% Occupancy Last Five Quarters 95% 94% 93.2% 93.2% 93.3% 93.3% 92.9% 92.9% 93% 92.6% 92.7% 92.2% 92.3% 92% 91% 90% 89% 88% 87% 86% 85% 3Q Q Q Q Q % 3Q Q Q Q Q
42 1Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q 2017 Occupancy Rate Long-Term Occupancy Rate Trends 95.0% 94.0% 93.0% 92.0% 91.0% 90.0% 89.0% 88.0% 87.0% 86.0% NPI NFI-ODCE 85.0% 42
43 Occupancy Rate Trends by Property Type Apartment Industrial Office Retail 43 90% 91% 92% 93% 94% 95% 96% 97% NPI ODCE 86% 88% 90% 92% 94% 96% NPI ODCE 84% 86% 88% 90% 92% 94% 96% 98% NPI ODCE 82% 84% 86% 88% 90% 92% 94% NPI ODCE
44 NCREIF Indictors: Cap Ex Ratio (CXR) and Free Cash Flow Yield (FCFY) Cap Ex Ratio, Rolling Four Quarters 2.5% 2.0% CXR (4Q roll) 20Y Avg 1.5% 1.0% 0.5% 0.0% Free Cash Flow Yield, Rolling Four Quarters 9% FCFY (4Q Roll) 20Y Avg SI Avg 8% 7% 6% 5% 4% 3% 2% 44
45 3Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q QMA CapEx as % of NOI NCREIF Indicators: Total Capital Expenditures as Share of NOI by Property Type 65% Apartment Industrial Office Retail 55% 45% 35% 25% 15% 5% 45
46 3Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q 2017 NCREIF Indicators: Capital Expenditure Detail as Share of NOI by Property Type Apartment Industrial 40% 14% Leasing Com. TI's Bldg Imp. 35% 12% Leasing Com. TI's Bldg Imp. 30% 25% 10% 20% 8% 15% 6% 10% 5% 4% 0% 2% Office 35% 30% 25% 20% 15% 10% 5% 0% Leasing Com. TI's Bldg Imp. Retail 20% 15% 10% 5% 0% Leasing Com. TI's Bldg Imp. 46
47 Question What will the annual NPI total return be for 2017? A. Below 5% B. 5%-to-7% C. 7%-to-9% D. Above 9% 47
48 Summary Macroeconomic trends suggest support for steady, below average real estate returns Cap rate spreads near long-term averages should insulate values from rising interest rates Rental income and NOI growth are above average overall, although retail has slowed considerably Overall occupancy remains elevated and was steady year-over-year across property types 48
49 Upcoming NCREIF Events NCREIF Winter Conference 2018 Scottsdale, AZ Scottsdale Resort at McCormick Ranch March NCREIF Summer Conference 2018 Charlotte, NC June NCREIF Fall Conference 2018 Lake Buena Vista, FL Walt Disney World Swan November 6 9 Visit for more information 49
Fourth Quarter 2017 NCREIF Indices Review February 9, 2018
Fourth Quarter 2017 NCREIF Indices Review February 9, 2018 Panelist Overview Jeff Fisher NCREIF Data & Research Consultant Doug Herzbrun Global Head of Research CBRE Global Investors Disclaimer Today we
More informationSecond Quarter 2016 NCREIF Indices Review. August 4, 2016 NCREIF-SMU Summer Academy
Second Quarter 2016 NCREIF Indices Review August 4, 2016 NCREIF-SMU Summer Academy Panelist Overview Jeff Fisher NCREIF Data & Research Consultant Sara Rutledge NCREIF Director of Research Mike Sobolik
More informationSecond Quarter 2017 NCREIF Indices Review August 8, 2017
Second Quarter 2017 NCREIF Indices Review August 8, 2017 Panelist Overview Jeff Fisher NCREIF Data & Research Consultant Sara Rutledge NCREIF Director of Research Arthur Jones Director, Commercial Real
More informationU.S. Apartment Markets Outlook
Market Advisory Services U.S. Apartment Markets Outlook Recent surge in absorption lays foundation for better performance ahead 1 Year-Year Change in 20-34 Employment (000) 2000 2001 2002 2003 2004 2005
More informationSilicon Valley Housing and Economic Outlook
White Paper Silicon Valley Housing and Economic Outlook Santa Clara County, San Mateo County Prepared by John Burns Real Estate Consulting for Pacific Union 11.5.2014 Santa Clara County The booming tech
More informationTEXAS REAL ESTATE ECONOMIC DATA 2011
TEXAS REAL ESTATE ECONOMIC DATA 2011 Jim McAlister Sr. & Hydie H. McAlister 2211 Norfolk St., Suite 803 Houston, TX 77098 (713) 535-2276 or (713) 535-2260 www.mgcfunds.com Why Focus on Single Family Housing
More informationcommercial real estate
August 15 Asset Management Documeent title on one or two Defensive lines in Gustan investing Book in pt U.S. commercial real estate TIAA-CREF Global Real Estate Strategy & Research Martha Peyn, Ph.D. Managing
More informationReal Estate Analysis Report
1Q 2 1Q 21 1Q 22 1Q 23 1Q 24 1Q 25 1Q 26 1Q 27 1Q 28 1Q 29 1Q 21 1Q 211 1Q 212 1Q 213 1Q 214 1Q 215 1Q 216 1Q 217 NLI Research Institute May 22, 217 Real Estate Analysis Report Japanese Property Market
More informationNot Your Father s Farmland Market (even if he still owns the farm.)
Not Your Father s Farmland Market (even if he still owns the farm.) DTN Conference December 2016 Chicago, Illinois Bruce J. Sherrick, Ph.D. TIAA Center for Farmland Research, University of Illinois Advancing
More informationHow Residential Development Gets Financed
How Residential Development Gets Financed Raquel Favela, Chief of Economic Development & Neighborhood Services Jackie Rodarte, Assistant Director, Housing & Neighborhood Revitalization 1 Understanding
More informationSummary of Results for the First Half of FY2015/3
Summary of Results for the First Half of FY2015/3 November 10, 2014 Tokyu Corporation (9005) http://www.tokyu.co.jp/ Contents Ⅰ.Executive Summary 2 Ⅱ.Conditions in Each Business 5 Ⅲ.Details of Financial
More informationBANK HANDLOWY W WARSZAWIE S.A. 1Q 2009 consolidated financial results -1-
BANK HANDLOWY W WARSZAWIE S.A. 1Q 29 consolidated financial results -1- Macroeconomic situation in 1Q 29 Deep drop in industrial output in January and February, albeit business confidence indicators suggest
More informationWALGREENS IN-23 - GRANGER, INDIANA offering memorandum. Actual Property
WALGREENS offering memorandum Financial Overview Offering Summary PRICE $5,200,000 CAP RATE 6.25% NOI $325,000 PRICE PER SQUARE FOOT $358.87 RENT PER SQUARE FOOT $22.43 YEAR BUILT 2003 GROSS LEASEABLE
More informationHigh-Demand Market with Low Supply
Research & Forecast Report SAN FRANCISCO PENINSULA High-Demand Market with Low Supply > > Vacancy rate for San Mateo County dropped 55 basis points from 8.23 percent down to 7.68 percent since last quarter
More informationThe Great Recession 1-2 Punch of Credit Crisis and Consumer Retrenchment
San Mateo County: Economy and Labor Supply Jon Haveman Chief Economist, BAC Economic Ins2tute May, 2012 The Great Recession 1-2 Punch of Credit Crisis and Consumer Retrenchment 6 GDP Growth (SAAR) and
More informationL U X U R Y M A R K E T R E P O R T 1 Q
L U X U R Y M A R K E T R E P O R T 1 Q 2 1 8 The quarterly Luxury Market Report provided by Trump International Realty is a resource compiling pertinent data and analytics to give you a pulse on the current
More information1Q Fornebu, April 29, 2015 Luis Araujo and Svein Stoknes
1Q 2015 Fornebu, April 29, 2015 Luis Araujo and Svein Stoknes Forward-Looking Statements and Copyright This Presentation includes and is based, inter alia, on forward-looking information and statements
More informationZhiwei Zhang, Ph.D. National Opinion Research Center
Drug and Alcohol Use and Related Matters Among Arrestees 2003 Zhiwei Zhang, Ph.D. National Opinion Research Center Acknowledgement This publication was developed for the National Institute of Justice (NIJ),
More informationWalgreens Pharmacy 2551 W. Main Street Alhambra, CA $10,300,000
Walgreens Pharmacy 2551 W. Main Street Alhambra, CA 91801 $10,300,000 INVESTMENT HIGHLIGHTS Rare LA County, Walgreens Net Leased Offering Population in Excess of 265,328 Within 3 Miles Located Blocks Away
More informationRESEARCH CAP RATE REPORT Q C ALKAIN.CO M Worldgate Drive Suite 150 Herndon, VA (703)
RESEARCH C A L KA IN R E S E A R CH 12930 Worldgate Drive Suite 150 Herndon, VA 20170 (703) 787-4714 C ALKAIN.CO M OVERVIEW SECTORS AVG. CAP LOW Q4 2015 AVG AVG. CAP HIGH LEASE SAMPLE AVG. AVG. RATE YEARS
More informationOUTLOOK FOR U.S. TOBACCO. Tom Capehart Agricultural Economist Economic Research Service U.S. Department of Agriculture
Outlook 98 For Release: Tuesday February 24, 1998 OUTLOOK FOR U.S. TOBACCO Tom Capehart Agricultural Economist Economic Research Service U.S. Department of Agriculture The outlook for U.S.-grown tobacco
More informationARUBA RECENT ECONOMIC DEVELOPMENTS AND OUTLOOK. Presented by Jane R. Semeleer President Centrale Bank van Aruba May 30, 2011
ARUBA RECENT ECONOMIC DEVELOPMENTS AND OUTLOOK Presented by Jane R. Semeleer President Centrale Bank van Aruba May 30, 2011 STRUCTURE 1. National economy 2. International economy 3. Outlook 2 CENTRALE
More informationFully Employed MBA (MGMT FE)
Fully Employed MBA (MGMT FE) 1 Fully Employed MBA (MGMT FE) Courses MGMT FE 200. Responding to Dynamic Times: Thinking Strategically in Organizations. 6 Units. Focuses on the strategic and organizational
More informationABSOLUTE NNN LEASE 19 Years Remaining 8815 Stagecoach Rd. Little Rock, AR 72210
ABSOLUTE NNN LEASE 19 Years Remaining 8815 Stagecoach Rd. Little Rock, AR 72210 Price- $6,330,275 Cap Rate-5.45% Absolute Net Lease with 19 Years Remaining on Initial Lease Term. Lease Guaranteed by Walgreen
More informationTelekom Austria Group Results for the 1st Quarter May 27, 2003
Telekom Austria Group Results for the 1st Quarter 2003 May 27, 2003 1 Cautionary Statement This presentation contains certain forward-looking statements. Actual results may differ materially from those
More informationStability SAN FRANCISCO PENINSULA Q Research & Forecast Report 1.90% 449, ,800. San Mateo County
Research & Forecast Report SAN FRANCISCO PENINSULA Stability San Mateo County Labor Force >> San Mateo County maintains its strong economic growth Number of Employed Unemployment Rate >> Average asking
More informationWALGREENS DRONE FOOTAGE AVAILABLE. Absolute NNN Lease Investment Opportunity. 758 N Ellington Parkway Lewisburg, TN
WALGREENS 758 N Ellington Parkway Lewisburg, TN Absolute NNN Lease Investment Opportunity Click here to view drone footage of the property! DRONE FOOTAGE AVAILABLE STUART FRANKEL PRESIDENT NET LEASED DIVISION
More informationMANAGEMENT. MGMT 0021 THE MANAGEMENT PROCESS 3 cr. MGMT 0022 FINANCIAL ACCOUNTING 3 cr. MGMT 0023 MANAGERIAL ACCOUNTING 3 cr.
MANAGEMENT MGMT 0021 THE MANAGEMENT PROCESS 3 cr. An introduction designed to emphasize the basic principles, practices, and terminology essential to the understanding of contemporary business and its
More informationTable Egg Industry Outlook
Agricultural Finance Table Egg Industry Outlook Executive summary Table egg prices have experienced increased volatility over the past two years. Avian flu decimated layer flocks in 05, and in response,
More informationSan Mateo County Real Personal Income Bureau of Economic Analysis
San Mateo County Real Personal Income Bureau of Economic Analysis 2016 Update Produced by Marin Economic Consulting April 1, 2018 Jon Haveman, Principal 415-336-5705 or Jon@MarinEconomicConsulting.com
More informationSPHERIX ANNOUNCES FIRST QUARTER 2010 FINANCIAL RESULTS
SPHERIX Investor Relations Phone: (301) 897-2564 Email: info@spherix.com SPHERIX ANNOUNCES FIRST QUARTER 2010 FINANCIAL RESULTS BETHESDA, MD, May 21, 2010 - Spherix Incorporated (NASDAQ CM: SPEX), an innovator
More informationQ Investor Kit January December 2014
Q4 2014 Investor Kit January December 2014 Highlights for Q4 Sales up for all product areas and operating profit from product areas up by 8% Scandinavian hoarding for snus prior to tax increase in January
More informationLisbon Office Market Outlook
Contacts: Pedro Pimentel pedrop@prea.pt 214406420 Research & Market Analysis Dept. www.prea.pt Outlook First Scarcity of data and drastically diminished number of transactions is what best characterizes
More informationNew Developments SAN FRANCISCO PENINSULA Q Research & Forecast Report 2.80% 455,200. San Mateo County
Research & Forecast Report SAN FRANCISCO PENINSULA New Developments > > Entitled developments prove to be more appealing than ever > > Limited supply mixed with high demand poses a challenge At the end
More informationSEC Professionals Group
SEC Professionals Group 2018 Media Kit The preeminent group for financial reporting professionals learning from each other and sharing best practices. WHO WE ARE The SEC Professionals Group is a community
More information736 Front Street RARE OCEANFRONT INVESTMENT PROPERTY 736 FRONT STREET LAHAINA MAUI HAWAII
736 Front Street RARE OCEANFRONT INVESTMENT PROPERTY 736 FRONT STREET LAHAINA MAUI HAWAII 2 THE KISHI BUILDING Located in the heart of one of the Top 10 Greatest Streets Large ground floor footprint over
More informationBrookings Institution, March 4, 2013 Laura Papi and IMF India Team
Brookings Institution, March, 13 Laura Papi and IMF India Team The views expressed in this presentation are those of the authors and should not be attributed to the International Monetary Fund, its Executive
More informationExtremely Rare 24 hour Store Huntington Beach, CA
Extremely Rare 24 hour Store Huntington Beach, CA Actual Store Exclusively Listed Investment Offering Absolute NNN Walgreens in Huntington Beach, CA. High traffic location with average household income
More informationBERZACK. exclusive single tenant offering. 6% CAP - Walgreens. 410 Old Polk City Road Lakeland, FL WARREN BERZACK. Principal
exclusive single tenant offering 6% CAP - Walgreens Lee & Associates LA North/Ventura, Inc. Corporate ID #01191898 A Member of the Lee & Associates Group of Companies 15250 Ventura Blvd., Suite 100 Sherman
More informationConsolidated: Financial Summary
FY2010 First Quarter Financial Results SUZUKI MOTOR CORPORATION 3 August 2010 Consolidated: Financial Summary Page2 FY2010 1Q FY2009 1Q (2010/4-6) (2009/4-6) Change Net sales 656.3 577.1 +79.2 +13.7% Operating
More informationCommercial Redevelopment Study
Commercial Redevelopment Study Impact on Sanibel of Immediate Off-Island Development January 22, 2013 Commercial Redevelopment Study To date, Council has approved a vision statement and identified Sanibel
More informationEndesa 1Q 2017 Results 09/05/2017
Endesa 1Q 2017 Results 09/05/2017 1. Highlights and key financial figures 2. Endesa s performance in 1Q 2017 market context 3. Financial results 4. Final remarks 2 1. Highlights and key financial figures
More informationMarket Remains Solid SAN FRANCISCO PENINSULA Q Research & Forecast Report 3.30% 87, ,438. San Mateo County
Research & Forecast Report SAN FRANCISCO PENINSULA Q3 Market Remains Solid San Mateo County Population >> San Mateo County has the lowest unemployment rate Median Household Income Unemployment Rate >>
More informationQ Investor Kit JANUARY-JUNE 2013
Q2 2013 Investor Kit JANUARY-JUNE 2013 1 Swedish Match reporting segments Snus and snuff - Swedish snus (Scandinavia and US) - Moist snuff (US) - SMPM International Other tobacco products - Cigars (US)
More information5.00% CAP Rate $5,865,000. DeerfieldPartners. John Giordani Art Griffith (415) Walgreens Pharmacy #4571 Boston Suburb
Represenatative Image Boston Suburb $5,865,000 5.00% CAP Rate 20 year NNN with long established sales history Walgreens just committed for an additional 20 years, after already operating at this location
More informationVolunteering in Oklahoma City, OK
6/17/2010 Oklahoma City Profile - Volunteering in information on volunteering and civic engagement Volunteering in Oklahoma City, OK Statistics for this area were collected within the Oklahoma City Metropolitan
More informationWalgreens. Absolute NNN Single Tenant - Bastrop, LA. Offering Memorandum. Beezie Landry
Beezie Landry 109 Northpark Blvd., Ste. 300 Covington, LA 70433 985-898-2022 blandry@stirlingprop.com Walgreens Absolute NNN Single Tenant - Offering Memorandum 1 information to the extent such purchaser/lessee
More information6.00% CAP Rate $5,600,000. DeerfieldPartners. John Giordani Art Griffith (415) Actual Store
Actual Store Low Price & Great Value $5,6, 6.% CAP Rate Open & paying rent--available for immediate sale Lower price point and great value Offered free & clear; loans available today with as little as
More informationColoplast A/S. Investor presentation 1H 2005/06
Coloplast A/S Investor presentation 1H 2005/06 2 Coloplast Coloplast products and services help patients achieve greater independence from medical challenges in 4 areas: Ostomy care, continence care, wound
More informationVestavia Hills, City of, AL
Vestavia Hills, City of, AL 1 City of Vestavia Hills, Alabama, General Obligation Warrants, Series 2016, $11,810,000, Dated: July 14, 2016 2 City of Vestavia Hills, Alabama, General Obligation Warrants,
More informationEUROZ INVESTOR CONFERENCE
Cedar Woods Properties Limited EUROZ INVESTOR CONFERENCE 14 March 2017 Cedar Woods strategy Cedar Woods Presentation 2 To grow and develop our national project portfolio, diversified by: geography product
More informationQ Investor Kit JANUARY-MARCH 2013
Q1 2013 Investor Kit JANUARY-MARCH 2013 1 Swedish Match reporting segments Snus and snuff - Swedish snus (Scandinavia and US) - Moist snuff (US) - SMPM International Other tobacco products - Cigars (US)
More informationSAMPLE. Sterilization and Disinfectant Equipment Market Outlook in BRICS (Brazil, Russia, India, China, South Africa) to 2018
Sterilization and Disinfectant Equipment Market Outlook in BRICS (Brazil, Russia, India, China, South Africa) to 2018 Reference Code: GDME0165BDB Publication Date: January 2013 GlobalData. This report
More information1Q2017 法人說明會 Jun. 9, 2017
1Q2017 法人說明會 Jun. 9, 2017 FE group business Span over 10 major industries Own over 240 companies Established in 1937 9 public listed companies in Taiwan and HK Petrochemical & energy Polyester & synthetic
More informationNATIONAL BANK OF POLAND
NATIONAL BANK OF POLAND RECENT TRENDS IN THE REAL ESTATE MARKET INTERNATIONAL CONFERENCE THE HOUSING PRICES IN ROMANIA - recent developments - Ph.D. Andrei RĂDULESCU Senior Economist Researcher, IWE, Romanian
More informationDRONE FOOTAGE AVAILABLE
WALGREENS 792 West Main St Rochester, NY Rite Aid #00615 Rochester Walgreens Converted Store Click here to view drone video footage of the property! DRONE FOOTAGE AVAILABLE Click here to view drone photos
More informationCENTRALE. Monetary. compared. domestic. million.
CENTRALE BANK VAN ARUBAA Statistical News Release Second Quarter 2012 Date: November 7, 2012 Monetary and financial developments Money and credit In the second quarterr of 2012, the money supply decreased
More informationNET LEASE PORTFOLIO INVESTMENT OPPORTUNITY
NET LEASE PORTFOLIO INVESTMENT OPPORTUNITY Walgreens Portfolio Three Properties Knoxville, TN Port Orchard, WA Cincinnati, OH Available on an Individual or Portfolio Basis DISCLAIMER STATEMENT DISCLAIMER
More informationQ2 INVESTOR KIT JANUARY-JUNE 2011
Q2 INVESTOR KIT JANUARY-JUNE 2011 Swedish Match reporting segments Reporting segments following the transaction with STG on October 1, 2010 Snus and snuff - Swedish snus in Scandinavia and US - US moist
More informationTHE DRINKS MARKET PERFORMANCE. Prepared for the Drinks Industry Group of Ireland By Anthony Foley Dublin City University Business School
THE DRINKS MARKET PERFORMANCE 2017 Prepared for the Drinks Industry Group of Ireland By Anthony Foley Dublin City University Business School Foreword by DIGI The Drinks Industry Group of Ireland (DIGI)
More informationQ Investor Kit JANUARY-MARCH 2014
Q1 2014 Investor Kit JANUARY-MARCH 2014 Swedish Match reporting segments Snus and moist snuff Snus (Scandinavia and US) Moist snuff (US) SMPM International Other tobacco products Cigars (US) Chewing tobacco
More informationPortfolio Strategy Group
PSG's Weekly Chart Perspective Portfolio Strategy Group Report Date: Monday, November 15, 21 Daily Close UST 1 Year CMT 5 Year History 5. 4.5 4. 3.5 3. 2.5 2. US Recession Nov-5 Feb-6 May-6 Aug-6 Nov-6
More informationPortfolio Strategy Group
PSG's Weekly Chart Perspective Portfolio Strategy Group Report Date: Monday, September 27, 21 Daily Close UST 1 Year CMT 5 Year History 5. 4.5 4. 3.5 3. 2.5 2. US Recession Sep-5 Dec-5 Mar-6 Jun-6 Sep-6
More informationZacks Small-Cap Research
Zacks Small-Cap Research Sponsored Impartial - Comprehensive August 29, 2018 David Bautz, PhD 312-265-9471 dbautz@zacks.com scr.zacks.com 10 S. Riverside Plaza, Chicago, IL 60606 Opiant Pharmaceuticals,
More informationBancAnalysts Association of Boston Conference Presentation. November 3, 2017
BancAnalysts Association of Boston Conference Presentation November 3, 2017 Disclaimer This presentation contains forward- looking statements within the meaning of the Private Securities Litigation Reform
More informationHyundai Motor Company 1 st Quarter 2011 Business Results. April 28, 2011
Hyundai Motor Company 1 st Quarter 2011 Business Results April 28, 2011 Cautionary Statement with Respect to Forward-Looking Statements In the presentation that follows and in related comments by Hyundai
More informationColorado s Cannabis Experience Doug Friednash
Colorado s Cannabis Experience Doug Friednash (dfriednash@bhfs.com) Brownstein Hyatt Farber Schreck, LLP Denver, Colorado 1 Marijuana in the US 62% of Americans say the use of marijuana should be legal.
More informationGLOBAL OUTLOOK ECONOMIC WATCH. March 2018
GLOBAL OUTLOOK ECONOMIC WATCH March 20 Global Outlook March 20 Strong global momentum continues in 1Q driven by trade, despite some weaker data in DM at the beginning of the year World GDP growth in 1Q
More informationFY2009 First Quarter Financial Results. SUZUKI MOTOR CORPORATION August 3, 2009
FY2009 First Quarter Financial Results SUZUKI MOTOR CORPORATION August 3, 2009 Consolidated: Financial Summary Page 2 FY2009 1Q FY2008 4Q 09/4-6 09/1-3 Change FY2008 1Q 08/4-6 Change (Billion Yen) (A)
More informationXXII: CTP Summarizes Scientific Case for Limiting Nicotine in Cigarettes. Company Update October 15, 2018 Industrial & Consumer Technology
Company Update Industrial & Consumer Technology (XXII - $2.81 - Buy) COMPANY NOTE JAMES McILREE, CFA, Senior Research Analyst, +1-646-465-9034 jmcilree@chardan.com Sales and trading 7 a.m. to 7 p.m. ET,
More informationSmokeless Tobacco Pricing Strategies and Policies
Smokeless Tobacco Pricing Strategies and Policies Frank J. Chaloupka, University of Illinois at Chicago 8 th National Summit on Smokeless and Spit Tobacco Albuquerque, New Mexico, April 20, 2016 Overview
More informationQ Investor Kit JANUARY-JUNE 2014
Q2 2014 Investor Kit JANUARY-JUNE 2014 Swedish Match reporting segments Snus and moist snuff Snus (Scandinavia and US) Moist snuff (US) SMPM International Other tobacco products Cigars (US) Chewing tobacco
More informationSAMPLE. Syringes and Needles Market Outlook in BRICS (Brazil, Russia, India, China, South Africa) to Reference Code: GDME0166BDB
Syringes and Needles Market Outlook in BRICS (Brazil, Russia, India, China, South Africa) to 2018 Reference Code: GDME0166BDB Publication Date: January 2013 GlobalData. This report is a licensed product
More informationSpine and Orthopedic ASC Development
Performance, Efficiency, Achievement, Knowledge Spine and Orthopedic ASC Development October 22, 2015 22nd Annual Meeting The Business and Operations of ASCs Kenny Hancock, President and Chief Development
More informationEmerging Technology Open Working Group
Emerging Technology Open Working Group September 17, 2018 1 South Van Ness, Atrium San Francisco, CA 94102 1 Welcome! Linda Gerull Chief Information Officer, City & County of San Francisco 2 Open Working
More informationGrantee Address: 65 Civic Avenue, Pittsburg, CA 94565
NEIGHBORHOOD STABILIZATION PROGRAM 1 (NSP1) PROGRAM INCOME REUSE PLAN Revision / Adopted Date: Grantee Name: CITY OF PITTSBURG Grantee Address: 65 Civic Avenue, Pittsburg, CA 94565 Grantee Phone #: 925-252-4062
More informationThe Impact of Local and State Cannabis Regulations on the Real Estate Market
The Impact of Local and State Cannabis Regulations on the Real Estate Market Presented by Jennifer McGrath Jennifermcgrath.com - California Cannabis Law 1. History of California Cannabis Law 2.Types of
More informationRITE AID PHARMACY HAMPTON, VIRGINIA SINGLE TENANT NET LEASE OFFERING
RITE AID PHARMACY HAMPTON, VIRGINIA SINGLE TENANT NET LEASE OFFERING ONE OF RITE AID S TOP PERFORMING STORES REPRESENTATIVE PHOTO ACTUAL PROTOTYPE Fresenius Medical Center In Melbourne, FL Prime Location
More informationDIEBOLD NIXDORF AG AT GERMANY EQUITY FORUM
November 28, 2017 DIEBOLD NIXDORF AG AT GERMANY EQUITY FORUM Dr. Jürgen Wunram Agenda Diebold Nixdorf AG History and shareholder structure Market trends, strategy and progress of integration Diebold Nixdorf
More informationHILLENBRAND INDUSTRIES INC
HILLENBRAND INDUSTRIES INC FORM 8-K (Unscheduled Material Events) Filed 2/17/2004 For Period Ending 2/13/2004 Address 700 STATE ROUTE 46 E BATESVILLE, Indiana 47006-8835 Telephone 812-934-7000 CIK 0000047518
More informationChange is Coming SAN FRANCISCO PENINSULA Q Research & Forecast Report 3.20% 454, ,500. San Mateo County
Research & Forecast Report SAN FRANCISCO PENINSULA Change is Coming > > More than 18 million square feet of development in the pipeline > > The R&D biotech sector remains highly active The activity on
More informationFarm Level Effects an Increase in Federal Cigarette Taxes under Two Scenarios: Keep vs Eliminate the Tobacco Program
U.S. Department of Agriculture Agricultural Outlook Forum 1998 February 23 & 24, 1998 Farm Level Effects an Increase in Federal Cigarette Taxes under Two Scenarios: Keep vs Eliminate the Tobacco Program
More informationFor personal use only
Cedar Woods Properties Limited EUROZ INVESTOR CONFERENCE 14 March 2017 Cedar Woods strategy Cedar Woods Presentation 2 To grow and develop our national project portfolio, diversified by: geography product
More informationFor personal use only
ASX RELEASE (23 rd March 2018) AGM PowerPoint Presentaion In accordance with the requirements of Listing Rule 3.1 we submit the attached material being distributed at the Company s Annual General Meeting
More informationMICROCAP LEADERSHIP SUMMIT
MICROCAP LEADERSHIP SUMMIT WESTIN CHICAGO NORTHWEST HOTEL ITASCA, IL SEPTEMBER 23, 2016 SAFE HARBOR STATEMENT This presentation may be deemed to contain certain forward-looking statements with respect
More information2017 EXHIBITOR GUIDE. Cities Dates Pricing Packages
017 EXHIBITOR GUIDE Cities Dates Pricing Packages REACH 3 3 3 YOUR TARGET Glazier Clinics has the best audience of influencers: 90% of decision-makers say the exhibits at Glazier Clinics influence their
More informationNNN WALGREENS A location in Miami
NNN WALGREENS A location in Miami long lease term remaining IN high GROWTH, high income & high traffic AREA publix outparcel 15711 Southwest 152nd Street, Miami, FL 33187 Click for Map [ www.capitalpacific.com
More informationRegional Economic Report January March 2015
Regional Economic Report January March 2015 June 11, 2015 Outline I. Regional Economic Report II. Results January March 2015 A. Economic Activity B. Inflation C. Economic Outlook III. Final Remarks Regional
More informationEffective Tobacco Tax Reform: Evidence from China
Effective Tobacco Tax Reform: Evidence from China Rose Zheng Director, WHO Collaborating Center for Tobacco and Economics Professor, University of International Business and Economics (UIBE), Beijing,
More informationSalaries and Job Satisfaction of Health Center Dental Providers: 2013 Trends. Kenneth A Bolin, DDS, MPH
Salaries and Job Satisfaction of Health Center Dental Providers: 2013 Trends Kenneth A Bolin, DDS, MPH NNOHA Webinar Series Archived presentations from the NNOHA webinar series are available online at
More informationARROWHEAD COMMONS FOR SALE MEDICAL / OFFICE CONDO N. 59TH AVENUE, GLENDALE, AZ MEDICAL OFFICE BROKERS TM
FOR SALE MEDICAL / OFFICE CONDO ARROWHEAD COMMONS 18275 N. 59TH AVENUE, GLENDALE, AZ 85308 AARON KUHL 602-525-1491 AARON@ARIZONAMOB.COM ARIZONAMOB.COM MEDICAL OFFICE BROKERS TM PROPERTY SUMMARY FOR SALE
More informationDRONE FOOTAGE AVAILABLE
RITE AID 535 Portland Avenue Rochester, NY Rite Aid #03597 Rochester Click here to view drone video footage of the property! DRONE FOOTAGE AVAILABLE Click here to view drone photos of the property! TABLE
More informationSmall-Cap Research. VolitionRx Ltd (VNRX-NYSE) VNRX: More Positive Data in Colon/Lung Cancers. Anticipating Initial Launch This Year OUTLOOK
Small-Cap Research February 2, 2016 Brian Marckx, CFA bmarckx@zacks.com Ph (312) 265-9474 scr.zacks.com 10 S. Riverside Plaza, Ste 1600, Chicago, IL 60606 VolitionRx Ltd (VNRX-NYSE) VNRX: More Positive
More informationWalgreen Co. Reports Second Quarter 2010 Earnings Per Diluted Share of 68 Cents; Results Include 2 Cents Per Diluted Share of Restructuring Costs
Walgreen Co. Reports Second Quarter 2010 Earnings Per Diluted Share of 68 Cents; Results Include 2 Cents Per Diluted Share of Restructuring Costs Second quarter sales up 3.1 percent to record $17.0 billion
More informationINVESTOR PRESENTATION
INVESTOR PRESENTATION JUNE 2016 OTCQB:CANN ABOUT General Cannabis Corporation (GCC) is the all-in-one resource for the highest quality service providers available to the regulated Cannabis Industry. We
More informationIncreasing Access to Healthy Food
sound research. Bold Solutions.. Policy BrieF. June 29, 2009 Increasing Access to Healthy Food By Stacey Schultz Access to affordable, healthy food including fresh fruits and vegetables is essential for
More informationEstimating the Economic Impact of Disease on a Local Economy The Case of Diabetes in the Lower Rio Grande Valley of Texas
Estimating the Economic Impact of Disease on a Local Economy The Case of Diabetes in the Lower Rio Grande Valley of Texas Joselito K. Estrada Department of Business Administration The University of Texas
More informationInvestor Presentation
ASX:THC B u i l d i n g a M e d i c i n a l C a n n a b i s B u s i n e s s Investor Presentation November 2017 DISCLAIMER The material in this presentation (material) is not and does not constitute an
More informationKorean Airlines Q Results
Korean Airlines 2010 2Q Results 2010. 8. 13 1 Disclaimer This presentation is for informational purposes only, contains preliminary financial and other information about Korean Air Lines Co., Ltd. and
More information