In Q2 2011, the industrial market in San Diego County saw a slight decrease in net absorption. Total leasing activity decreased from the previous quarter but is expected to result in positive net absorption as tenants occupy space. The overall vacancy rate remained steady at 11.4% while asking rental rates for R&D space increased and industrial rates remained flat. New construction remains limited with only 238,340 square feet currently under development.
This document provides information on Raytheon Company's fourth quarter and full-year 2007 earnings. Key highlights include record bookings of $9.2 billion in Q4 and $25.5 billion for the year. Sales were $6 billion in Q4 and $21.3 billion for the year, both up 8%. Earnings per share from continuing operations was $1.45 in Q4 and $3.80 for the year. The document also provides guidance for 2008, forecasting sales between $22.4-22.9 billion and EPS from continuing operations of $3.65-3.80.
- Invesco reported its first quarter 2009 results with total AUM of $348.2 billion, down from $357.2 billion at the end of 2008.
- Net long-term flows were positive $0.7 billion for the quarter, continuing the trend of improved flows. Institutional money market AUM increased by $8.6 billion.
- Net operating income was $67.6 million for Q1 2009, down from $91.5 million in Q4 2008, and net operating margin was 16.5% versus 19.0% the prior quarter.
This annual report summarizes P&G's financial performance in 2011. Key points include:
- Net sales were $83 billion, up 4% from 2010. Operating cash flow was $15.2 billion and diluted earnings per share were $3.89.
- Organic sales grew 4% and organic volume grew 3%. Core earnings per share grew 9%. Free cash flow productivity was 90% of net earnings.
- The report discusses P&G's purpose-inspired growth strategy to touch and improve more lives through innovation, expanding into new markets and price tiers, and leveraging their strengths in consumer understanding, branding, and global scale.
- Innovation is highlighted as key to winning decades of growth,
The document provides earnings information for Raytheon Company for the fourth quarter and full year 2006. It summarizes key financial metrics including strong bookings, record backlog, increased sales and earnings per share, and record operating cash flow. It also provides Raytheon's financial outlook for 2007 with projections for sales, earnings per share, operating cash flow, and return on invested capital.
This 2001 annual report from Kelly Services summarizes their financial performance for the year. It begins with a dedication to Terence E. "Ted" Adderley Jr., the son of their Chairman and CEO, who was killed in the September 11th attacks. It then discusses how the economic recession and 9/11 impacted their business, with sales down 5% to $4.3 billion and earnings down 81% to $16.5 million from the previous year. However, they were still able to assign over 700,000 employees and gain market share. The report outlines how they focused on strengthening relationships, controlling expenses, and gaining market share to manage through the difficult economic conditions.
plains all american pipeline Annual Reports 2003finance13
Plains All American Pipeline (PAA) achieved its goals for 2003, exceeding operating and financial guidance, strengthening its balance sheet, increasing distributions to unitholders by 4.7%, and completing $160 million in acquisitions. PAA is positioned for continued growth in 2004 by meeting similar goals and expanding through $200-300 million in annual acquisitions. As North American crude oil supply and demand converge and inventories decline, PAA's stable fee-based assets and balanced business model are well-suited for increasing volatility in crude oil markets.
eBay investor briefing at Lehman Brothers Conference, December 2007Phil Wolff
The presentation discusses eBay Inc.'s portfolio of businesses including marketplaces, payments, and communications. It highlights the strong growth across these businesses and discusses opportunities to capitalize on current momentum in 2008 while accelerating investments. Key tactics discussed include improving the buyer and seller experience on eBay, growing PayPal's merchant services and global payments platform, and enabling the world's conversations through Skype.
This annual report from Second Harvest Heartland summarizes the organization's accomplishments in 2011. Some key points:
- They distributed double the amount of food compared to four years ago due to increased contributions.
- Over 11,000 volunteers donated over 61,000 hours of their time in 2011 to help with food distribution.
- Total revenue was over $103 million, with over 95% of funds going directly to hunger relief programs.
- They distributed over 54 million pounds of food to those in need in their community.
This document provides information on Raytheon Company's fourth quarter and full-year 2007 earnings. Key highlights include record bookings of $9.2 billion in Q4 and $25.5 billion for the year. Sales were $6 billion in Q4 and $21.3 billion for the year, both up 8%. Earnings per share from continuing operations was $1.45 in Q4 and $3.80 for the year. The document also provides guidance for 2008, forecasting sales between $22.4-22.9 billion and EPS from continuing operations of $3.65-3.80.
- Invesco reported its first quarter 2009 results with total AUM of $348.2 billion, down from $357.2 billion at the end of 2008.
- Net long-term flows were positive $0.7 billion for the quarter, continuing the trend of improved flows. Institutional money market AUM increased by $8.6 billion.
- Net operating income was $67.6 million for Q1 2009, down from $91.5 million in Q4 2008, and net operating margin was 16.5% versus 19.0% the prior quarter.
This annual report summarizes P&G's financial performance in 2011. Key points include:
- Net sales were $83 billion, up 4% from 2010. Operating cash flow was $15.2 billion and diluted earnings per share were $3.89.
- Organic sales grew 4% and organic volume grew 3%. Core earnings per share grew 9%. Free cash flow productivity was 90% of net earnings.
- The report discusses P&G's purpose-inspired growth strategy to touch and improve more lives through innovation, expanding into new markets and price tiers, and leveraging their strengths in consumer understanding, branding, and global scale.
- Innovation is highlighted as key to winning decades of growth,
The document provides earnings information for Raytheon Company for the fourth quarter and full year 2006. It summarizes key financial metrics including strong bookings, record backlog, increased sales and earnings per share, and record operating cash flow. It also provides Raytheon's financial outlook for 2007 with projections for sales, earnings per share, operating cash flow, and return on invested capital.
This 2001 annual report from Kelly Services summarizes their financial performance for the year. It begins with a dedication to Terence E. "Ted" Adderley Jr., the son of their Chairman and CEO, who was killed in the September 11th attacks. It then discusses how the economic recession and 9/11 impacted their business, with sales down 5% to $4.3 billion and earnings down 81% to $16.5 million from the previous year. However, they were still able to assign over 700,000 employees and gain market share. The report outlines how they focused on strengthening relationships, controlling expenses, and gaining market share to manage through the difficult economic conditions.
plains all american pipeline Annual Reports 2003finance13
Plains All American Pipeline (PAA) achieved its goals for 2003, exceeding operating and financial guidance, strengthening its balance sheet, increasing distributions to unitholders by 4.7%, and completing $160 million in acquisitions. PAA is positioned for continued growth in 2004 by meeting similar goals and expanding through $200-300 million in annual acquisitions. As North American crude oil supply and demand converge and inventories decline, PAA's stable fee-based assets and balanced business model are well-suited for increasing volatility in crude oil markets.
eBay investor briefing at Lehman Brothers Conference, December 2007Phil Wolff
The presentation discusses eBay Inc.'s portfolio of businesses including marketplaces, payments, and communications. It highlights the strong growth across these businesses and discusses opportunities to capitalize on current momentum in 2008 while accelerating investments. Key tactics discussed include improving the buyer and seller experience on eBay, growing PayPal's merchant services and global payments platform, and enabling the world's conversations through Skype.
This annual report from Second Harvest Heartland summarizes the organization's accomplishments in 2011. Some key points:
- They distributed double the amount of food compared to four years ago due to increased contributions.
- Over 11,000 volunteers donated over 61,000 hours of their time in 2011 to help with food distribution.
- Total revenue was over $103 million, with over 95% of funds going directly to hunger relief programs.
- They distributed over 54 million pounds of food to those in need in their community.
This presentation contains forward-looking statements about the company's goals, expectations for revenues, margins, income, and earnings. It discusses plans for consolidating Canadian facilities, integrating acquisitions, and expected results. The presentation notes risks that could impact actual results. It also discusses using non-GAAP financial measures to analyze performance, and provides a reconciliation to GAAP measures. Finally, it outlines the company's financial performance, strategies for growth in various markets, and highlights why SYNNEX is an attractive investment.
Yahoo's Q1 2008 financial highlights presentation notes that the document discusses forward-looking statements about Yahoo's expected financial performance and strategic plans that are subject to risks and uncertainties, actual results may differ materially from predictions, and reported results should not be considered indicators of future performance. Potential risks include the results of Yahoo's strategic initiatives, competition, reductions in customer spending, demand for premium services, acceptance of new products and services, risks related to joint ventures and acquisitions, and risks related to international operations.
This document is Toll Brothers' second quarter report for fiscal year 2007. It reports a decline in net income and revenues compared to the second quarter of fiscal year 2006. Net income was $36.7 million compared to $174.9 million the previous year. Revenues also declined. The company signed fewer contracts and saw higher cancellation rates than the previous year. However, the company remains well capitalized with over $550 million in cash and available credit. Market conditions remain difficult overall but some regions like New York City are stronger. The company believes the long term value of its land holdings will be realized in the future.
This document summarizes an earnings conference call for Oshkosh Truck Corporation for the second quarter of fiscal year 2007. Sales increased 96.6% to $1.66 billion and operating income grew 69.1% to $134.8 million. For fiscal year 2007, the company estimates sales of $6.1-6.2 billion and operating income of $568-580 million. It also provides segment-level results and highlights for access equipment, defense, fire & emergency, and commercial.
Campbell Soup Company launched a five-year plan in 2001 to transform the company. In 2002, the first year of the plan, Campbell began implementing initiatives to revitalize its core U.S. Soup business, strengthen its broader portfolio, build new growth avenues, drive quality and productivity improvements, and improve organizational excellence. While investments reduced net earnings, Campbell made progress in nearly every part of the company and expects benefits to increase in future years as the transformation plan continues.
The document is ConAgra Foods' 2008 annual report which provides financial highlights and discusses the company's focus on its food business. It summarizes that net sales increased over $11 billion but profit growth was impacted by high inflation. The company divested non-core businesses and focused on innovation, cost reductions, and quality improvements to combat inflation and drive sustainable growth going forward.
The document summarizes Regions Bank's 2007 annual shareholder meeting. It provides an overview of Regions' financial performance and position in 2007, including details on the successful integration of its merger. It also outlines challenges from the struggling housing market and strong capital position. Finally, it discusses Regions' strategic initiatives like growing Morgan Keegan and its focus on communities and social responsibility.
The North Face is investing heavily in marketing in China to encourage outdoor participation, as there is not a strong tradition of this. In 2010, over 70% of its China marketing budget went towards events like an expedition to climb a famous mountain to get more Chinese outdoors. The North Face and Vans, which opened many new stores in China in 2010, benefited the most from VF's additional $100 million global marketing investment in 2010, which helped drive revenue growth. VF revenues rose 7% to $7.7 billion with gross margins reaching a record high of 46.7%, and Outdoor & Action Sports now accounts for 42% of total revenues, up from 22% five years ago.
The investment market in Cleveland had only one major transaction in August 2010, totaling $46.5 million and comprising the entire sales volume for the month. This single transaction was the sale of the 575,000 square foot Penton Media office building for $82 per square foot. Despite hopes of recovery, the investment market is still weak with capital remaining impatient as bargain deals have yet to materialize in larger numbers.
Q4 2008 financial results were down year-over-year due to difficult economic conditions. Revenue declined 7% to $2.04 billion, while EPS fell 9% to $0.41 per share. Free cash flow remained strong at $525 million. Marketplaces revenue declined 10% to $1.27 billion due to weaker global transaction volumes. PayPal revenue grew 11% to $623 million while total payment volume increased 14% to $16 billion. The company delivered solid results despite challenges in the global economy.
CDW is a large technology solutions provider founded in 1984 that generates $8.1 billion in annual sales. It has over 450,000 active customers and 2,500 account managers. CDW provides comprehensive technology solutions through its large inventory, technical expertise across various technologies, and strong partnerships with leading vendors such as HP.
This annual report summarizes The Home Depot's performance in fiscal year 2005. Some key points:
- Sales reached a record $81.5 billion, up from $73.1 billion the previous year. Net earnings increased 16.7% to a record $5.8 billion.
- The company continued pursuing its strategy of enhancing its core business, extending into new areas like services, and expanding into new markets like the professional contractor segment.
- 21 acquisitions were completed in 2005 to help serve professional contractors better. The largest acquisition was Hughes Supply, to expand the company's presence in the professional market.
- Internationally, the company remains the top home improvement retailer in Canada
- Goodrich Corporation reported second quarter 2006 results, with sales growing 10% year-over-year and income from continuing operations increasing 30% to $81 million.
- The company raised its 2006 sales outlook to $5.75-5.85 billion and adjusted net income per diluted share outlook to $3.40-3.55 due to improved operational performance.
- Segment operating margins improved across all segments (Engine Systems, Airframe Systems, Electronic Systems), driven by higher commercial airplane original equipment and aftermarket sales as well as cost reductions.
William Blair & Company 26th Annual Growth Stock Conferencefinance7
This document contains a presentation given by Ryan Robinson, Senior Vice President of Treasury and Corporate Development at Best Buy, at the William Blair Growth Stock Conference on June 27, 2006. The presentation summarizes Best Buy's strong financial performance in fiscal year 2006, with 30% earnings growth, revenue exceeding $30 billion, and net earnings over $1 billion. It outlines Best Buy's priorities and annual guidance for fiscal year 2007, anticipating continued revenue and earnings growth. The presentation also provides an overview of Best Buy's operations and growth strategies in Canada.
This document provides a financial summary and highlights for Q1 2009 from eBay. It discusses eBay's revenue, which was at the high end of guidance. Non-GAAP EPS exceeded guidance due to higher volume and cost controls. Free cash flow was down 9% year-over-year. Business segments like PayPal and Bill Me Later saw continued growth in key metrics like total payment volume and number of active accounts despite the economic downturn. Marketplaces revenue declined year-over-year as fixed price formats held steady while auction declined.
The Social Media Revolution: What It Means for YPsValeria Lento
The document summarizes key trends in social media usage and strategy. It notes that social media has over 750 million active Facebook users and YouTube is the second largest search engine. It also discusses how politicians like Barack Obama have successfully used social media for fundraising. Mobile access to social media is growing rapidly as phones surpass PCs as the main web access device. The document provides tips on developing an effective social media strategy and engagement.
Speech Revision Analysis: President Obama's Remarks on the BP Oil SpillValeria Lento
For purposes of this assignment, President Obama’s speech will be assessed based on Lloyd Bitzer’s rhetorical situation (1992) and on the characteristics of cooperative argumentation posed by Josina Makau and Debian Marty (2001), as well as other concepts fundamental to strategic approaches to presentational speaking. It will then be further analyzed for its strengths and weaknesses, as they pertain to strategic rhetoric, and be ultimately revised to better achieve its desired strategic outcomes.
The document provides guidance on how to structure the main part of a persuasive speech using the metaphor of a burger. It explains that the introduction is the top bun, the main arguments or reasons for the speaker's position are the "yummy bits" in the middle, and the conclusion is the bottom bun. It also introduces the S.E.E. model for developing each main argument: S is for Statement of the argument, E is for Explanation to provide more details and context, and E is for Example to illustrate the argument. The document works through using this structure to develop one argument for the example topic of the speech being that the five-day school week is too long.
This document provides a summary of 77 sales scripting techniques. It discusses general scripting techniques like future pacing, connecting known concepts to unknown ones, and storytelling. It also covers techniques for identifying customer needs through probing questions and statements. Finally, it outlines various closing techniques such as take away offers, alternative choices, and asking for the order while remaining silent. The overall document serves as a guide to persuasive language and scripts that can be used at different stages of the sales process.
The customer called to inquire about a wrong bill they received. The agent verified the customer's account and name, and found that the bill was generated before the customer's recent payment was processed, so they could disregard the amount. The agent also informed the customer that bill delays can occur due to courier delays, and provided an alternative to check their more updated balance online. The agent ensured there were no other issues before concluding the call.
Study: The Future of VR, AR and Self-Driving CarsLinkedIn
We asked LinkedIn members worldwide about their levels of interest in the latest wave of technology: whether they’re using wearables, and whether they intend to buy self-driving cars and VR headsets as they become available. We asked them too about their attitudes to technology and to the growing role of Artificial Intelligence (AI) in the devices that they use. The answers were fascinating – and in many cases, surprising.
This SlideShare explores the full results of this study, including detailed market-by-market breakdowns of intention levels for each technology – and how attitudes change with age, location and seniority level. If you’re marketing a tech brand – or planning to use VR and wearables to reach a professional audience – then these are insights you won’t want to miss.
This presentation contains forward-looking statements about the company's goals, expectations for revenues, margins, income, and earnings. It discusses plans for consolidating Canadian facilities, integrating acquisitions, and expected results. The presentation notes risks that could impact actual results. It also discusses using non-GAAP financial measures to analyze performance, and provides a reconciliation to GAAP measures. Finally, it outlines the company's financial performance, strategies for growth in various markets, and highlights why SYNNEX is an attractive investment.
Yahoo's Q1 2008 financial highlights presentation notes that the document discusses forward-looking statements about Yahoo's expected financial performance and strategic plans that are subject to risks and uncertainties, actual results may differ materially from predictions, and reported results should not be considered indicators of future performance. Potential risks include the results of Yahoo's strategic initiatives, competition, reductions in customer spending, demand for premium services, acceptance of new products and services, risks related to joint ventures and acquisitions, and risks related to international operations.
This document is Toll Brothers' second quarter report for fiscal year 2007. It reports a decline in net income and revenues compared to the second quarter of fiscal year 2006. Net income was $36.7 million compared to $174.9 million the previous year. Revenues also declined. The company signed fewer contracts and saw higher cancellation rates than the previous year. However, the company remains well capitalized with over $550 million in cash and available credit. Market conditions remain difficult overall but some regions like New York City are stronger. The company believes the long term value of its land holdings will be realized in the future.
This document summarizes an earnings conference call for Oshkosh Truck Corporation for the second quarter of fiscal year 2007. Sales increased 96.6% to $1.66 billion and operating income grew 69.1% to $134.8 million. For fiscal year 2007, the company estimates sales of $6.1-6.2 billion and operating income of $568-580 million. It also provides segment-level results and highlights for access equipment, defense, fire & emergency, and commercial.
Campbell Soup Company launched a five-year plan in 2001 to transform the company. In 2002, the first year of the plan, Campbell began implementing initiatives to revitalize its core U.S. Soup business, strengthen its broader portfolio, build new growth avenues, drive quality and productivity improvements, and improve organizational excellence. While investments reduced net earnings, Campbell made progress in nearly every part of the company and expects benefits to increase in future years as the transformation plan continues.
The document is ConAgra Foods' 2008 annual report which provides financial highlights and discusses the company's focus on its food business. It summarizes that net sales increased over $11 billion but profit growth was impacted by high inflation. The company divested non-core businesses and focused on innovation, cost reductions, and quality improvements to combat inflation and drive sustainable growth going forward.
The document summarizes Regions Bank's 2007 annual shareholder meeting. It provides an overview of Regions' financial performance and position in 2007, including details on the successful integration of its merger. It also outlines challenges from the struggling housing market and strong capital position. Finally, it discusses Regions' strategic initiatives like growing Morgan Keegan and its focus on communities and social responsibility.
The North Face is investing heavily in marketing in China to encourage outdoor participation, as there is not a strong tradition of this. In 2010, over 70% of its China marketing budget went towards events like an expedition to climb a famous mountain to get more Chinese outdoors. The North Face and Vans, which opened many new stores in China in 2010, benefited the most from VF's additional $100 million global marketing investment in 2010, which helped drive revenue growth. VF revenues rose 7% to $7.7 billion with gross margins reaching a record high of 46.7%, and Outdoor & Action Sports now accounts for 42% of total revenues, up from 22% five years ago.
The investment market in Cleveland had only one major transaction in August 2010, totaling $46.5 million and comprising the entire sales volume for the month. This single transaction was the sale of the 575,000 square foot Penton Media office building for $82 per square foot. Despite hopes of recovery, the investment market is still weak with capital remaining impatient as bargain deals have yet to materialize in larger numbers.
Q4 2008 financial results were down year-over-year due to difficult economic conditions. Revenue declined 7% to $2.04 billion, while EPS fell 9% to $0.41 per share. Free cash flow remained strong at $525 million. Marketplaces revenue declined 10% to $1.27 billion due to weaker global transaction volumes. PayPal revenue grew 11% to $623 million while total payment volume increased 14% to $16 billion. The company delivered solid results despite challenges in the global economy.
CDW is a large technology solutions provider founded in 1984 that generates $8.1 billion in annual sales. It has over 450,000 active customers and 2,500 account managers. CDW provides comprehensive technology solutions through its large inventory, technical expertise across various technologies, and strong partnerships with leading vendors such as HP.
This annual report summarizes The Home Depot's performance in fiscal year 2005. Some key points:
- Sales reached a record $81.5 billion, up from $73.1 billion the previous year. Net earnings increased 16.7% to a record $5.8 billion.
- The company continued pursuing its strategy of enhancing its core business, extending into new areas like services, and expanding into new markets like the professional contractor segment.
- 21 acquisitions were completed in 2005 to help serve professional contractors better. The largest acquisition was Hughes Supply, to expand the company's presence in the professional market.
- Internationally, the company remains the top home improvement retailer in Canada
- Goodrich Corporation reported second quarter 2006 results, with sales growing 10% year-over-year and income from continuing operations increasing 30% to $81 million.
- The company raised its 2006 sales outlook to $5.75-5.85 billion and adjusted net income per diluted share outlook to $3.40-3.55 due to improved operational performance.
- Segment operating margins improved across all segments (Engine Systems, Airframe Systems, Electronic Systems), driven by higher commercial airplane original equipment and aftermarket sales as well as cost reductions.
William Blair & Company 26th Annual Growth Stock Conferencefinance7
This document contains a presentation given by Ryan Robinson, Senior Vice President of Treasury and Corporate Development at Best Buy, at the William Blair Growth Stock Conference on June 27, 2006. The presentation summarizes Best Buy's strong financial performance in fiscal year 2006, with 30% earnings growth, revenue exceeding $30 billion, and net earnings over $1 billion. It outlines Best Buy's priorities and annual guidance for fiscal year 2007, anticipating continued revenue and earnings growth. The presentation also provides an overview of Best Buy's operations and growth strategies in Canada.
This document provides a financial summary and highlights for Q1 2009 from eBay. It discusses eBay's revenue, which was at the high end of guidance. Non-GAAP EPS exceeded guidance due to higher volume and cost controls. Free cash flow was down 9% year-over-year. Business segments like PayPal and Bill Me Later saw continued growth in key metrics like total payment volume and number of active accounts despite the economic downturn. Marketplaces revenue declined year-over-year as fixed price formats held steady while auction declined.
The Social Media Revolution: What It Means for YPsValeria Lento
The document summarizes key trends in social media usage and strategy. It notes that social media has over 750 million active Facebook users and YouTube is the second largest search engine. It also discusses how politicians like Barack Obama have successfully used social media for fundraising. Mobile access to social media is growing rapidly as phones surpass PCs as the main web access device. The document provides tips on developing an effective social media strategy and engagement.
Speech Revision Analysis: President Obama's Remarks on the BP Oil SpillValeria Lento
For purposes of this assignment, President Obama’s speech will be assessed based on Lloyd Bitzer’s rhetorical situation (1992) and on the characteristics of cooperative argumentation posed by Josina Makau and Debian Marty (2001), as well as other concepts fundamental to strategic approaches to presentational speaking. It will then be further analyzed for its strengths and weaknesses, as they pertain to strategic rhetoric, and be ultimately revised to better achieve its desired strategic outcomes.
The document provides guidance on how to structure the main part of a persuasive speech using the metaphor of a burger. It explains that the introduction is the top bun, the main arguments or reasons for the speaker's position are the "yummy bits" in the middle, and the conclusion is the bottom bun. It also introduces the S.E.E. model for developing each main argument: S is for Statement of the argument, E is for Explanation to provide more details and context, and E is for Example to illustrate the argument. The document works through using this structure to develop one argument for the example topic of the speech being that the five-day school week is too long.
This document provides a summary of 77 sales scripting techniques. It discusses general scripting techniques like future pacing, connecting known concepts to unknown ones, and storytelling. It also covers techniques for identifying customer needs through probing questions and statements. Finally, it outlines various closing techniques such as take away offers, alternative choices, and asking for the order while remaining silent. The overall document serves as a guide to persuasive language and scripts that can be used at different stages of the sales process.
The customer called to inquire about a wrong bill they received. The agent verified the customer's account and name, and found that the bill was generated before the customer's recent payment was processed, so they could disregard the amount. The agent also informed the customer that bill delays can occur due to courier delays, and provided an alternative to check their more updated balance online. The agent ensured there were no other issues before concluding the call.
Study: The Future of VR, AR and Self-Driving CarsLinkedIn
We asked LinkedIn members worldwide about their levels of interest in the latest wave of technology: whether they’re using wearables, and whether they intend to buy self-driving cars and VR headsets as they become available. We asked them too about their attitudes to technology and to the growing role of Artificial Intelligence (AI) in the devices that they use. The answers were fascinating – and in many cases, surprising.
This SlideShare explores the full results of this study, including detailed market-by-market breakdowns of intention levels for each technology – and how attitudes change with age, location and seniority level. If you’re marketing a tech brand – or planning to use VR and wearables to reach a professional audience – then these are insights you won’t want to miss.
Artificial intelligence (AI) is everywhere, promising self-driving cars, medical breakthroughs, and new ways of working. But how do you separate hype from reality? How can your company apply AI to solve real business problems?
Here’s what AI learnings your business should keep in mind for 2017.
Glatfelter (NYSE:GLT) reported its financial results for the first quarter of 2009. Specialty Papers operating income increased 60.5% to $18.4 million compared to the first quarter of 2008, driven by higher selling prices, cost reductions, and productivity improvements partially offset by higher raw material costs. Composite Fibers operating income decreased 10.8% to $5.5 million due to weaker volumes in certain product lines, while food and beverage shipments grew. Capital expenditures were reduced to $5.2 million in the first quarter of 2009 compared to $9.3 million in the same period of 2008.
Presentation Why Buy It Community Card Program Overview 9.8.2010amywalkercherry
This document introduces community card systems and how they can benefit local economies. It summarizes that community card programs can capture more local spending by residents and visitors that would otherwise leak out of the local economy. These programs provide measurable results for local merchants in boosting sales even during economic downturns. The document promotes community card programs as a turnkey solution that empowers communities to directly support local businesses and jobs.
1) The document reports Total's 2012 results and outlook for 2013. It highlights improvements in safety performance, environmental impact reduction, and financial results.
2) Total achieved an adjusted net income of $16 billion in 2012 and a return on average capital employed of 16%, outperforming its peers. It generated $29 billion in cash flow.
3) Total is on track to execute its $15-20 billion divestment program to simplify its portfolio and unlock value, having already closed $6 billion in asset sales in 2012.
The document summarizes Atmos Energy's financial results for the first quarter of fiscal year 2009. Key points include a 1.2% increase in net income compared to the same period last year, driven primarily by rate increases in several jurisdictions. Capital expenditures totaled $107.4 million for the quarter. Atmos also discusses its credit facilities and liquidity, investment grade credit ratings, and recent rate filings in Louisiana, Dallas and Tennessee.
1) TIM Participações reported strong operational results in 2012, with growth in customer base, minutes of usage, and data usage, despite macroeconomic headwinds.
2) Financially, the company achieved its guidance targets with increases in total revenues, organic EBITDA, and organic net income.
3) The company is focusing on quality improvements through network investments and initiatives to enhance customer satisfaction and repair its image.
The investment market in Cleveland started strong in 2010 but has slowed in recent months. In February there was only one property sale, totaling $1.23 million, compared to two sales in January. This is raising concerns that the recovery is weaker than previously expected. The single February sale was a 38,000 square foot retail strip center in Elyria that sold for $32 per square foot and had a cap rate over 13%.
1) Turkey is positioned as a "gateway" country between Europe, the Middle East, Africa, and Central Asia in terms of population, economic growth, and foreign direct investment.
2) China and Asia are growing rapidly in both population and economic output, surpassing the United States and European Union on several metrics.
3) The number of high-net-worth individuals and their total wealth is also growing faster in Asia than in other regions such as the Americas and Europe. Turkey is highlighted as a gateway country for wealth in its region.
The document provides the first quarter 2009 results and outlook for CMS Energy. It includes the following key points:
- First quarter results were on plan and full year guidance remains unchanged. The common dividend was increased.
- Regulatory filings for renewable energy, energy optimization, and gas rate cases were discussed, which support a balance of customer and investor interests.
- Financial results and sensitivities for 2009 were presented, including adjusted EPS guidance of $1.25, sales and unemployment outlook, and impacts of potential factors like an auto industry bankruptcy.
- The appendix includes a GAAP reconciliation of reported versus adjusted earnings and tax benefit information.
Fortune Minerals Limited is a Canadian mineral development company focused on advancing its two late-stage projects: the NICO gold-cobalt-bismuth-copper project in Northwest Territories and the Mount Klappan anthracite coal project in British Columbia. Mount Klappan contains the largest and most advanced Canadian deposit of high quality anthracite coal, representing 1% of global coal reserves. There is significant future demand growth expected for metallurgical coal due to new steelmaking technologies and emerging economies, yet insufficient supply of high quality coals to meet this demand over the next decade.
Monsanto reported financial results for the fourth quarter and fiscal year 2007. Key highlights included a 13% increase in fourth quarter net sales and a 17% increase in fiscal year net sales. However, the company reported a net loss for the fourth quarter due to acquisition and tax charges. Excluding these items, earnings per share for the fourth quarter and fiscal year were higher than the previous year. Monsanto also extended its leadership in seeds and traits in 2007 through various initiatives in major crops and geographies.
1) The document reports Monsanto's financial results for the fourth quarter and fiscal year 2007, noting record sales and profits.
2) Net income decreased 46% in Q4 2007 compared to Q4 2006, but increased 44% for the fiscal year. Ongoing EPS grew 54% for the fiscal year.
3) Monsanto extended its leadership in seeds and traits in 2007 through various initiatives, and its pipeline has potential blockbuster traits and opportunities for further global expansion of existing biotech traits.
Monsanto reported financial results for the fourth quarter and fiscal year 2007. Key highlights included a 13% increase in fourth quarter net sales and a 17% rise in fiscal year net sales. However, the company reported a net loss for the fourth quarter, though net income for the fiscal year was up 44% year-over-year. Monsanto also extended its leadership in seeds and traits in 2007 through various initiatives in major crops and geographies.
- Yahoo reported Q3 2008 revenue of $1.786 billion, up 1% year-over-year. Revenue excluding traffic acquisition costs was $1.325 billion, down 2% quarter-over-quarter.
- Operating cash flow for Q3 2008 was $410 million, down 12% year-over-year and 4% quarter-over-quarter.
- Free cash flow for Q3 2008 was $231 million, down from $647 million in Q3 2007. Cash and marketable securities totaled $3.299 billion at the end of Q3 2008.
- Yahoo reported Q3 2008 revenue of $1.786 billion, up 1% year-over-year. Revenue excluding traffic acquisition costs was $1.325 billion, down 2% quarter-over-quarter.
- Operating cash flow for Q3 2008 was $410 million, down 12% year-over-year and 4% quarter-over-quarter. Operating cash flow as a percentage of revenue excluding TAC was 31%.
- Free cash flow for Q3 2008 was $231 million, down from $647 million in Q1 2008. Cash and marketable securities totaled $3.299 billion at the end of Q3 2008.
- Yahoo reported Q3 2008 revenue of $1.786 billion, up 1% year-over-year. Revenue excluding traffic acquisition costs was $1.325 billion, down 2% quarter-over-quarter.
- Operating cash flow for Q3 2008 was $410 million, down 12% year-over-year and 4% quarter-over-quarter. Operating cash flow as a percentage of revenue excluding TAC was 31%.
- Free cash flow for Q3 2008 was $231 million, down from $647 million in Q1 2008. Cash and marketable securities totaled $3.299 billion at the end of Q3 2008.
- Yahoo reported Q3 2008 revenue of $1.786 billion, up 1% year-over-year. Revenue excluding traffic acquisition costs was $1.325 billion, down 2% quarter-over-quarter.
- Operating cash flow for Q3 2008 was $410 million, down 12% year-over-year and 4% quarter-over-quarter. Operating cash flow as a percentage of revenue excluding TAC was 31%.
- Free cash flow for Q3 2008 was $231 million, down from $647 million in Q1 2008, with free cash flow as a percentage of operating cash flow at 52%.
- Yahoo reported Q3 2008 revenue of $1.786 billion, a 1% increase year-over-year. Revenue excluding traffic acquisition costs (Revenue ex-TAC) decreased 2% year-over-year to $1.325 billion.
- Operating cash flow (OCF) for Q3 2008 was $410 million, a 12% decrease year-over-year, and included $37 million in costs related to Microsoft proposals and other strategic initiatives.
- Free cash flow (FCF) for Q3 2008 was $231 million, a 52% FCF to OCF ratio, and included a one-time payment from AT&T in the prior quarter.
- Non-GAAP earnings
This document provides supplemental information for investors regarding Monsanto Company, including forward-looking statements and selected financial highlights from 2005-2008. Key points include that Monsanto is the world's leading agriculture company focused on seeds and traits, with 2008 net sales of $11.3 billion. Financial highlights show significant growth in net income, earnings per share, EBIT, and free cash flow over the period. The document also provides a reconciliation of non-GAAP earnings per share and notes that approximately half of Monsanto's 2008 net sales came from North America.
This document provides supplemental information for investors regarding Monsanto Company, including forward-looking statements and selected financial highlights from 2005-2008. Key points include that Monsanto is the world's leading agriculture company focused on seeds and traits, with 2008 net sales of $11.3 billion, net income of $2 billion, and diluted earnings per share of $3.62. The document also provides a reconciliation of non-GAAP earnings measures and notes that over half of Monsanto's 2008 net sales came from North America.
The document advertises a 11,556 square foot two-story freestanding building for sale or lease in San Marcos, California. The building can be divided into two floors of approximately 5,778 square feet each. It has rare combination of classroom and office space. The property has convenient highway access and parking for about 40 vehicles. It is offered for lease at $0.99 per square foot plus utilities, or for sale by submitting an offer.
The North County industrial market report provides an overview of industrial real estate market conditions for 2013. Some key points:
- The total industrial inventory in North County was 52.2 million SF with an overall vacancy rate of 8.59%. Net absorption for the year was 821,481 SF.
- Among the five submarkets, Carlsbad had the highest vacancy rate at 11.37% while Escondido had the lowest at 4.87%. Rental rates increased across most product types over the year.
- Significant transactions included a 82,751 SF building in Carlsbad that sold for $96/SF and a 56,352 SF building in Escondido that Stone Brewery purchased for
The document provides an industrial market report for North County San Diego for Q3 2013. It finds that the total industrial inventory in the region is 52.2 million square feet, with a vacancy rate of 8.93%. Net absorption for the year-to-date is 675,486 square feet. The report also provides statistics on inventory, vacancy rates, absorption, and rents for the major submarkets of Carlsbad, Escondido, Oceanside, San Marcos, and Vista. Carlsbad has the highest vacancy rate at 11.85% while Escondido has the lowest at 5.36%.
The document provides an industrial property report for North County San Diego for Q1 2013. It summarizes key metrics for several cities including Carlsbad, Escondido, Oceanside, San Marcos, and Vista. Vacancy rates decreased across most cities. Net absorption was positive at 77k sf. Average rental rates were $0.68 per sf and average sale prices were $97 per sf. Several industrial property sales and leases were also noted.
The industrial/R&D market in Carlsbad saw modest growth in 2012, with a net absorption of 23,113 square feet. The overall vacancy rate declined to 13.55% from 14.14% the previous year. The largest lease signed in the 4th quarter was for 30,865 square feet to San Diego-Imperial Counties Developmental Services. The largest sale was an R&D/office property purchased for $138.27 per square foot. Absorption of existing smaller properties is expected to continue, while larger users may need to consider build-to-suit options with limited available space over 100,000 square feet.
This report summarizes industrial real estate market trends in North San Diego County during the 2nd quarter of 2012. Key points include:
- Total vacancy rates dropped below 10% for the first time since 2008, led by declines in Carlsbad and Oceanside.
- Absorption has already surpassed totals for all of 2011, with research and development space seeing more absorption than industrial space.
- Investment and leasing activity increased across the region, including several large transactions in Carlsbad.
- With declining vacancies and no new construction, the report forecasts vacancy rates will continue dropping in the second half of the year.
This industrial report provides an overview of the North San Diego County industrial market in the 4th quarter of 2011. Some key points:
- The market consists of 52.3 million square feet across five cities with an overall vacancy rate of 10.9% in Q4 2011.
- Net absorption for the year was 566,762 square feet, driven by large tenants expanding or relocating.
- The forecast predicts stable lease rates and a continued decline in vacancy rates in 2012 as demand improves and new construction remains limited.
- In Carlsbad specifically, the vacancy rate increased to 14.1% in 2011, though R&D fared better than industrial space. The largest lease of
The industrial report provides an overview of the industrial market in North San Diego County for the 3rd quarter of 2011. Key points include:
- The Carlsbad vacancy rate increased slightly to 14.5% due to large blocks of space becoming available. However, smaller spaces from 15,000-25,000 sf saw strong leasing activity.
- Sales activity in Carlsbad increased with both investor and owner-user purchases.
- Vacancy rates decreased in Vista and Oceanside due to an increase in leasing of large blocks of space in Vista and a reduction in available space in Oceanside.
- Overall, the market saw a temporary setback in Carlsbad but vacancy rates are
The industrial market in North San Diego County experienced minimal activity in the first quarter of 2012. The overall vacancy rate was 10.6% as of Q1 2012, a decrease from previous quarters due to 172,000 square feet of positive net absorption. By submarket, Escondido had the lowest vacancy rate at 6.5% while Carlsbad had the highest at 14.4%. Investment and leasing activity was slow in the first quarter with few major transactions, but the market is forecast to see increased activity in the second quarter and gradual increases in rental rates and sale prices as vacancy continues to decline.
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Things to Consider When Selling Your House - Summer 2024 Edition
Q2 2011 Industrial Report
1. Q2 2011 | INDUSTRIAL
MARKET REPORT | Q2 2011 | INDUSTRIAL | SAN DIEGO COUNTY
SAN DIEGO COUNTY
512 offices in
MARKET Report
HISTORICAL RENTAL RATE TRENDS RENTAL RATE TRENDS
CY RATES HISTORICAL RENTAL RATES
Industrial, R&D and Combined Rates
Industrial, R&D and Combined Rates Since a historical high point in
61 countries on
Quarterly Average Asking Rate Per SF Per Month (NNN)
12% Quarterly Average Asking Rate Per SF Per Month (NNN)
Q3 2008, average asking
$1.50
$1.50 rental rates for combined
$1.40 10%
$1.30
$1.40
$1.30
industrial and R&D space has
been steadily decreasing. In
6 continents
8%
$ / SF / Month (NNN)
$1.20
$ / SF / Month (NNN)
$1.20 Q2 2011, R&D rental rates United States: 125
Vacancy Rate
$1.10
6%
$1.10 increased while industrial rates Canada: 38
$1.00
$1.00 stayed flat. It is likely that Latin America: 18
$0.90
4% $0.90 rates increase throughout the Asia Pacific: 214
$0.80
$0.80 last half of 2011, but a very EMEA: 117
$0.70
2% $0.70 slow pace.
$0.60 • $59.6 billion in annual transactions
$0.60
$0.50
0% $0.50
billion square feet under
• 1.0
008 2009 2010 2011
Q2
Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
06 06 06 07 07 07 07 08 08 08 08 09 09 09 09 10 10 10 10 11 11
06 06 06 07 07 07 07 08 08 08 08 09 09 09 09 10 10 10 10 11 11
management Industrial demand softens; asking rents stabilize
Industrial R&D Combined
Industrial R&D Combined
• Over 12,500 professionals
y Vacancy
MARKET OVERVIEW
SAN DIEGO:
INDUSTRIAL LEASING ACTIVITY BY TENANT SIZE
LEASING ACTIVITY INDUSTRIAL LEASING ACTIVITY BY TENANT SIZE
Percentage of Total Leases Completed in Percentage of Total Leases Completed in Q2 2011
Q2 2011
Jim Spain, SIOR After four consecutive quarters of positive net absorption, Q2 ended with slightly negative
Over 500 leases were Regional Managing Director | San Diego Region net absorption of just over 125,000 square feet. The reversal in demand for the quarter
License No. 00804745
completed in Q2 totaling over
11.2% is a clear indication that the industrial market has not fully committed to complete
2.2 million square feet. Over 11.2% 4660 La Jolla Village Drive, Suite 100 recovery and it can be expected that San Diego County will bump along for a few more
81% of all leases were 5,000 4.1% 4.1% San Diego, CA 92122 | USA
quarters. Industrial asking rental rates appear to have bottomed out but increases in
NEW SUPPLY, ABSORPTION AND VACANCY RATES HISTORICAL RENTAL RATE TRENDS
SF or less indicating demand 3.1% 3.1% tel +1 858.677.5311
by smaller tenants continues <= 2,000 SF [231] <= 2,000 SF [231]
asking rents for R&D space have been and Combined Rates
Industrial, R&D recorded in many submarkets countywide.
FAX +1 858.795.4111 Quarterly Average Asking Rate Per SF Per Month (NNN)
36.0%
to increase. 36.0% 4.0 12%
2,001 - 5,000 SF [183] 2,001 - 5,000 SF [183] market indicators
3.0 The May 2011 San Diego County unemployment rate measured 9.6% – a 0.2% decrease
$1.50
5,001 - 10,000 SF [57] 10%
5,001 - 10,000 SF [57] Q2 2011 Q3 2011 (P) from the previous month. The $1.40
California unemployment rate decreased in May and
2.0
10,001 - 20,000 SF [21] 10,001 - 20,000 SF [21]
researcher: stands at 11.4% while the national rate stayed level at 8.7%. As of May 2011, San
8%
$1.30
$ / SF / Month (NNN)
CHRISTOPHER REUTZ
1.0
VACANCY Diego County experienced a year-over-year increase in non-farm employment totaling
$1.20
Vacancy Rate
SF (Millions)
>= 20,001 SF [16] >= 20,001 SF [16] $1.10
Research Director | San Diego Region 0.0 11,200 jobs. 6% combined industry sectors of “Trade, Transportation, and Utilities” and
The
NET ABSORPTION $1.00
4660 La Jolla Village Drive, Suite 100 -1.0 “Manufacturing” – the two predominant industrial-utilizing employment sectors – posted
45.5% 45.5%
$0.90
San Diego, CA 92122 | USA a net increase of 1,500 jobs over the same period.
4%
$0.80
CONSTRUCTION
-2.0
tel +1 858.677.5385 $0.70
2%
FAX +1 858.795.4185 -3.0
RENTAL RATE At the end of May, the USD Index of Leading Economic Indicators for San Diego posted
$0.60
-4.0 its seventh consecutive month $0.50
0% of increases. This contributes to a total of 26 months
The Q2 combined industrial / R&D direct NEW SUPPLY 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 index has either risen or remainedQ1 Q2 Q3 Q4 theQ2 Q3 Q4 Q1months of 2011, the Q1 Q2
where the Q2 Q3 Q4 flat. For Q1 first five Q2 Q3 Q4 Q1 Q2 Q3 Q4
vacancy rate was 11.4% compared to 11.1% at index increased by 5.9% with the February 2011 increase of 2.0% 09 09 09the largest one- 11
Q2 06 06 06 07 07 07 07 08 08 08 08 being 09 10 10 10 10 11
the end of Q1. Sublease vacancy remained No new construction was completed in Net Absorption New Supply month increase on record according to the index’s publisher, Dr. R&D Gin. May’s increase
Vacancy Industrial Alan Combined
unchanged 0.7%. Vacant sublease space Q1. An additional 238,340 feet is under was driven by significant increases in help wanted advertising and the national economic
made up 1.3 million square feet countywide construction within Carlsbad and Escondido. indicators.
Once completed this year, no new industrial This report has been prepared by Colliers International
with 46% of the space concentrated within INDUSTRIAL LEASING ACTIVITY BY TENANT SIZE
space will be under construction in San Diego for general information only. Information contained
INDUSTRIAL VACANCY RATES MARKET TRENDS
the three submarkets of Otay Mesa, Campus County.
herein has been obtained from sources deemed reliable Percentage of Total Leases Completed in Q2 2011
NEW SUPPLY, ABSORPTION AND VACANCY RATES HISTORICAL RENTAL
Q2 2011
Point/Eastgate and Carlsbad. and no representation is made as to the accuracy thereof.
Colliers International does not guarantee, warrant or INDUSTRIAL VACANCY RATES Diminished demandand Combined Rat
Industrial, R&D in
Proposed new development totals about represent that the information contained in this document Q2 2011 4.0 11.2% 12% Q2 drove countywide Asking Rate Pe
Quarterly Average
The industrial market hasn’t been overbuilt is correct. Any interested party should undertake their net absorption to a
6.3 million square feet with nearly 42% of own inquiries as to the accuracy of the information. S.D. County
14.8% 3.0 4.1% $1.50
10% negative 126,046 square
to the same level as the office market. But this space concentrated in Otay Mesa and Colliers International excludes unequivocally all inferred
10.0%
2.0 3.1%
$1.40
feet. Only 202,340
demand dropped off completely from 2007 Oceanside. It is unlikely that any significant or implied terms, conditions and warranties arising out of
Central County
14.5% 8%
$1.30
<= 2,000 SF [231]
square feet remains
$ / SF / Month (NNN)
$1.20
through 2009 while new construction new construction will commence within the this document and excludes all liability for loss and 10.0% 1.0 36.0%
Vacancy Rate
SF (Millions)
damages arising there from. under construction [183]
2,001$1.10
- 5,000 SF
continued. The combined effects of strong next couple of years. Any new development North County
12.0% 0.0 6%
which means new
$1.00
construction activity along with severe will likely favor build-to-suits to accommodate 10.9%
-1.0
5,001 - 10,000 SF [57]
demand will be focused
$0.90
negative absorption over the last few years companies that have little or no options I-15 Corridor
19.4% 4%
in pre-existing spaceSF [21]
10,001 - 20,000
$0.80
7.4% -2.0
had caused vacancy to settle in at the high- available within the current available inventory. 2%
over the couple of years.
$0.70
-3.0
>= 20,001 SF [16]
11% range. Now that new construction 0% 5% 10% 15% 20% 25% $0.60
has nearly ceased, vacancy will continue a R&D Industrial -4.0 0% $0.50
45.5%
downward trend that started in 2010, even if 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Q2 Q3 Q4 Q1 Q2 Q
Q2 06 06 06 07 07 0
only moderate demand persists over the next Accelerating success. Net Absorption New Supply Vacancy
couple of years.
INDUSTRIAL LEASING
www.colliers.com/sandiego www.colliers.com/sandiego Percentage of Total Leases Compl
INDUSTRIAL VACANCY RATES
2. MARKET REPORT | Q2 2011 | INDUSTRIAL | SAN DIEGO COUNTY MARKET REPORT | Q2 2011 | INDUSTRIAL | SAN DIEGO COUNTY
INDUSTRIAL OVERVIEW
NET ABSORPTION Leasing activity totaled approximately
2.2 million square feet in Q2. This was San Diego County Industrial Market
north county Q2 2011
Q2 combined industrial / R&D net the fourth quarter of consistent quarterly
decreases in lease signings. The decrease EXISTING PROPERTIES VACANCY NET ABSORPTION CONSTRUCTION
absorption totaled a negative 126,046 Avg
square feet. Countywide net absorption in leasing activity should equate to positive Total Direct Sublease Total Prior Qtr Net Abs Net Abs New Supply Under Rental
i-15 corridor for industrial space (manufacturing, net absorption as tenants take occupancy Inventory Vacancy Vacancy Vacancy Vacancy Current Qtr YTD Current Qtr Construction Proposed Rate
warehouse, distribution, and multi-tenant/ in Q3 and Q4, but the magnitude of will be Submarket / Class Bldgs SF Rate Rate Rate Rate SF SF SF SF SF (NNN)
incubator buildings) totaled a negative considerably less than the last two quarters
of 2010. INDUSTRIAL TOTALS BY MARKET Manufacturing, warehouse, distribution, and multi-tenant/incubator
117,193 square feet and R&D space (flex, Central County 3,059 81,800,037 9.5% 0.5% 10.0% 9.9% (52,362) (202,122) 0 0 2,203,591 $0.62
mcas miramar wet lab and corporate headquarters North County 2,199 40,414,837 10.6% 0.3% 10.9% 10.2% (100,983) 37,339 0 0 1,315,951 $0.69
buildings) totaled a negative 8,853 square For the first time in twelve quarters, an I-15 Corridor 302 10,569,130 6.6% 0.7% 7.4% 7.7% 36,152 102,071 0 0 431,400 $0.89
feet. increase in the combined industrial and TOTAL 5,560 132,784,004 9.6% 0.4% 10.0% 9.8% (117,193) (62,712) 0 0 3,950,942 $0.67
central R&D countywide average asking rent was R&D TOTALS BY MARKET Flex, wet lab and corporate headquarters
Central County 821 34,295,911 12.8% 1.7% 14.5% 13.3% (163,342) (118,145) 0 0 1,524,633 $1.15
county North County was the only market area achieved. While the industrial average North County 344 11,806,967 11.5% 0.4% 12.0% 13.2% 188,937 149,962 0 202,340 1,079,674 $1.02
of the county that posted positive net remained unchanged, the R&D average I-15 Corridor 134 9,331,215 18.0% 1.5% 19.4% 18.9% (34,448) (48,599) 0 0 605,000 $0.98
absorption (87,954 square feet). Carlsbad increased by 2% during the quarter. TOTAL 1,299 55,434,093 13.4% 1.4% 14.8% 14.2% (8,853) (16,782) 0 202,340 3,209,307 $1.08
led all the submarkets with 199,438 square Specifically, R&D rates increased in all COMBINED INDUSTRIAL / R&D BY MARKET AND SUBMARKET
feet of positive net absorption while market areas of the county with Central Central County
County and North County reporting 2% Airport / SA 76 1,878,846 3.6% 0.0% 3.6% 3.9% 5,775 (1,610) 0 0 0 $0.70
Oceanside followed with 81,511 square Campus Pt / Egate 42 4,065,257 15.9% 7.0% 22.9% 21.5% (11,207) (89,132) 0 0 601,967 N/A
SAN DIEGO COUNTY feet. Vista had the largest decrease increases and the I-15 Corridor reporting a Central San Diego 397 8,369,886 5.6% 0.6% 6.2% 5.7% 14,680 (31,727) 0 0 0 $0.68
with 152,574 square feet of negative net 3% increase. East County 604 14,174,371 6.2% 0.1% 6.3% 6.2% (10,185) (79,884) 0 0 1,229,000 $0.68
The San Diego County industrial/R&D absorption while Sorrento Mesa fell close Kearny Mesa 650 17,389,145 6.0% 0.3% 6.3% 5.5% (103,016) (57,014) 0 0 65,691 $0.95
Miramar 586 13,783,010 11.6% 0.3% 11.9% 12.4% 61,164 (14,764) 0 0 0 $0.82
market is comprised of 188.2 million behind with 147,778 square feet. VACANCY Mission Gorge / Vly 100 2,289,328 8.5% 3.3% 11.9% 11.3% (12,752) (57,495) 0 0 0 $0.88
square feet of industrial and R&D space.
Otay Mesa 293 14,579,019 21.5% 1.6% 23.0% 23.5% 67,767 100,793 0 0 1,389,591 $0.47
The county is divided into three major The Q2 overall vacancy rate increased by
The San Diego County industrial market Rose Cyn / Morena 188 4,069,957 3.9% 0.1% 4.0% 3.6% (13,660) 29,868 0 0 72,000 $0.71
market areas with 21 submarkets within
saw considerable improvement in demand 33 basis points to stand at 11.4%. The Sorrento Mesa 273 13,502,553 14.6% 0.6% 15.1% 13.0% (147,778) (89,653) 0 0 236,136 $1.09
them. Just over 61% of countywide Sorrento Valley 106 3,411,705 8.1% 1.9% 10.0% 9.8% (6,184) 35,575 0 0 0 $1.61
industrial/R&D space is located within during 2010. Net absorption of nearly industrial and R&D vacancy components South Bay 498 13,566,612 7.6% 0.1% 7.7% 7.0% (71,739) (85,858) 0 0 0 $0.61
the 13 submarkets of the Central County 1.3 million square feet was the only measured 10.0% and 14.8%, respectively. Torrey Pines 67 5,016,259 14.2% 1.5% 15.7% 15.9% 11,431 20,634 0 0 133,839 N/A
market. Industrial buildings (including positive year of demand in the last four Compared to one year ago, R&D vacancy TOTAL 3,880 116,095,948 10.5% 0.8% 11.3% 10.9% (215,704) (320,267) 0 0 3,728,224 $0.79
manufacturing, warehouse, distribution, years. While leasing demand still remains has dropped by only 2 basis points (14.8% North County
and multi-tenant/incubator) make up Carlsbad 484 14,829,987 11.1% 0.7% 11.8% 13.1% 199,438 221,489 0 176,000 987,832 $1.00
relatively high, several transactions in Q2 2010) while industrial vacancy has
71% of total inventory while R&D Escondido 635 7,149,799 5.9% 0.3% 6.3% 6.2% (6,516) 57,015 0 26,340 30,000 $0.74
during the quarter involved larger tenants decreased by 36 basis points (10.4% in Q2 Oceanside 395 8,026,752 16.8% 0.1% 16.9% 17.4% 81,511 127,095 0 0 1,227,361 $0.63
buildings (including flex, wet lab and
corporate headquarters) make up the relocating and – in several cases – 2010). San Marcos 487 8,697,523 8.9% 0.0% 8.9% 7.7% (33,905) (56,153) 0 0 53,000 $0.72
Vista 542 13,517,743 10.8% 0.2% 11.0% 9.2% (152,574) (162,145) 0 0 97,432 $0.67
remaining 29% of the total inventory. reducing the amount of space they leased.
TOTAL 2,543 52,221,804 10.8% 0.3% 11.1% 10.9% 87,954 187,301 0 202,340 2,395,625 $0.79
Continued on page 4 I-15 Corridor
Poway 215 8,196,451 4.0% 0.9% 4.9% 4.8% 7,406 55,943 0 0 496,400 $0.82
TRANSACTION ACTIVITY - Q2 2011 Rancho Bernardo 146 9,559,699 18.7% 0.6% 19.3% 19.4% 8,176 (94) 0 0 0 $1.00
Scripps Ranch 75 2,144,195 12.1% 3.8% 15.9% 15.9% (13,878) (2,377) 0 0 540,000 $0.88
SALES ACTIVITY TOTAL 436 19,900,345 12.0% 1.1% 13.0% 13.0% 1,704 53,472 0 0 1,036,400 $0.94
SAN DIEGO COUNTY COMBINED INDUSTRIAL / R&D
SIZE SF SALE PRICE PRICE/SF TOTAL 6,859 188,218,097 10.7% 0.7% 11.4% 11.1% (126,046) (79,494) 0 202,340 7,160,249 $0.81
PROPERTY NAME/ADDRESS SUBMARKET TYPE
QUARTERLY COMPARISON
5781 Van Allen Way Carlsbad R&D 328,700 $56,000,000 $170.37 Q2 2011 6,859 188,218,097 10.7% 0.7% 11.4% 11.1% (126,046) (79,494) 0 202,340 7,160,249 $0.81
10770 Wateridge Circle Sorrento Mesa Corp. HQ 176,983 $32.700,000 $184.76 Q1 2011 6,837 188,338,224 10.4% 0.7% 11.1% 11.3% 355,001 355,001 0 238,340 6,264,113 $0.80
Q4 2010 6,835 188,521,231 10.5% 0.9% 11.3% 11.6% 819,595 1,278,337 54,313 212,000 5,853,913 $0.83
Center Pointe Business Park El Cajon R&D 220,360 $22,400,000 $101.65 Q3 2010 6,833 188,440,137 10.7% 1.0% 11.6% 11.7% 861,592 778,591 135,020 230,313 5,823,913 $0.84
Q2 2010 6,837 188,292,664 10.6% 1.1% 11.7% 11.8% 284,835 275,585 98,000 189,333 5,823,913 $0.84
4010 Ocean Ranch Boulevard Oceanside Industrial 203,779 $14,555,000 $71.43
16707 Via Del Campo Court Rancho Bernardo R&D 46,414 $10,311,000 $222.15 Average rental rates are defined as the average asking monthly rate per square foot normalized to a "triple net" basis.
LEASING ACTIVITY
PROPERTY NAME/ADDRESS SUBMARKET TYPE SIZE SF TENANT NAME
2885 E. Loker Avenue Carlsbad R&D 88,329 BREG
9880 Mesa Rim Road Sorrento Mesa R&D 45,540 Biotix, Inc.
7825 Trade Street Miramar Industrial 42,942 Red Bull
7720 Kenamar Court Miramar R&D 29,238 G.B. Sales
2655 Vista Pacific Drive Oceanside Industrial 29,142 Enviremedial Services, Inc.
p. 2 | Colliers International Colliers International | p. 3
3. MARKET REPORT | Q2 2011 | INDUSTRIAL | SAN DIEGO COUNTY MARKET REPORT | Q1 2011 | INDUSTRIAL | SAN DIEGO COUNTY
INDUSTRIAL OVERVIEW
NET ABSORPTION Leasing activity totaled approximately
2.2 million square feet in Q2. This was San Diego County Industrial Market
north county Q2 2011
Q2 combined industrial / R&D net the fourth quarter of consistent quarterly
decreases in lease signings. The decrease EXISTING PROPERTIES VACANCY NET ABSORPTION CONSTRUCTION
absorption totaled a negative 126,046 Avg
square feet. Countywide net absorption in leasing activity should equate to positive Total Direct Sublease Total Prior Qtr Net Abs Net Abs New Supply Under Rental
i-15 corridor for industrial space (manufacturing, net absorption as tenants take occupancy Inventory Vacancy Vacancy Vacancy Vacancy Current Qtr YTD Current Qtr Construction Proposed Rate
warehouse, distribution, and multi-tenant/ in Q3 and Q4, but the magnitude of will be Submarket / Class Bldgs SF Rate Rate Rate Rate SF SF SF SF SF (NNN)
incubator buildings) totaled a negative considerably less than the last two quarters
of 2010. INDUSTRIAL TOTALS BY MARKET Manufacturing, warehouse, distribution, and multi-tenant/incubator
117,193 square feet and R&D space (flex, Central County 3,059 81,800,037 9.5% 0.5% 10.0% 9.9% (52,362) (202,122) 0 0 2,203,591 $0.62
mcas miramar wet lab and corporate headquarters North County 2,199 40,414,837 10.6% 0.3% 10.9% 10.2% (100,983) 37,339 0 0 1,315,951 $0.69
buildings) totaled a negative 8,853 square For the first time in twelve quarters, an I-15 Corridor 302 10,569,130 6.6% 0.7% 7.4% 7.7% 36,152 102,071 0 0 431,400 $0.89
feet. increase in the combined industrial and TOTAL 5,560 132,784,004 9.6% 0.4% 10.0% 9.8% (117,193) (62,712) 0 0 3,950,942 $0.67
central R&D countywide average asking rent was R&D TOTALS BY MARKET Flex, wet lab and corporate headquarters
Central County 821 34,295,911 12.8% 1.7% 14.5% 13.3% (163,342) (118,145) 0 0 1,524,633 $1.15
county North County was the only market area achieved. While the industrial average North County 344 11,806,967 11.5% 0.4% 12.0% 13.2% 188,937 149,962 0 202,340 1,079,674 $1.02
of the county that posted positive net remained unchanged, the R&D average I-15 Corridor 134 9,331,215 18.0% 1.5% 19.4% 18.9% (34,448) (48,599) 0 0 605,000 $0.98
absorption (87,954 square feet). Carlsbad increased by 2% during the quarter. TOTAL 1,299 55,434,093 13.4% 1.4% 14.8% 14.2% (8,853) (16,782) 0 202,340 3,209,307 $1.08
led all the submarkets with 199,438 square Specifically, R&D rates increased in all COMBINED INDUSTRIAL / R&D BY MARKET AND SUBMARKET
feet of positive net absorption while market areas of the county with Central Central County
County and North County reporting 2% Airport / SA 76 1,878,846 3.6% 0.0% 3.6% 3.9% 5,775 (1,610) 0 0 0 $0.70
Oceanside followed with 81,511 square Campus Pt / Egate 42 4,065,257 15.9% 7.0% 22.9% 21.5% (11,207) (89,132) 0 0 601,967 N/A
SAN DIEGO COUNTY feet. Vista had the largest decrease increases and the I-15 Corridor reporting a Central San Diego 397 8,369,886 5.6% 0.6% 6.2% 5.7% 14,680 (31,727) 0 0 0 $0.68
with 152,574 square feet of negative net 3% increase. East County 604 14,174,371 6.2% 0.1% 6.3% 6.2% (10,185) (79,884) 0 0 1,229,000 $0.68
The San Diego County industrial/R&D absorption while Sorrento Mesa fell close Kearny Mesa 650 17,389,145 6.0% 0.3% 6.3% 5.5% (103,016) (57,014) 0 0 65,691 $0.95
Miramar 586 13,783,010 11.6% 0.3% 11.9% 12.4% 61,164 (14,764) 0 0 0 $0.82
market is comprised of 188.2 million behind with 147,778 square feet. VACANCY Mission Gorge / Vly 100 2,289,328 8.5% 3.3% 11.9% 11.3% (12,752) (57,495) 0 0 0 $0.88
square feet of industrial and R&D space.
Otay Mesa 293 14,579,019 21.5% 1.6% 23.0% 23.5% 67,767 100,793 0 0 1,389,591 $0.47
The county is divided into three major The Q2 overall vacancy rate increased by
The San Diego County industrial market Rose Cyn / Morena 188 4,069,957 3.9% 0.1% 4.0% 3.6% (13,660) 29,868 0 0 72,000 $0.71
market areas with 21 submarkets within
saw considerable improvement in demand 33 basis points to stand at 11.4%. The Sorrento Mesa 273 13,502,553 14.6% 0.6% 15.1% 13.0% (147,778) (89,653) 0 0 236,136 $1.09
them. Just over 61% of countywide Sorrento Valley 106 3,411,705 8.1% 1.9% 10.0% 9.8% (6,184) 35,575 0 0 0 $1.61
industrial/R&D space is located within during 2010. Net absorption of nearly industrial and R&D vacancy components South Bay 498 13,566,612 7.6% 0.1% 7.7% 7.0% (71,739) (85,858) 0 0 0 $0.61
the 13 submarkets of the Central County 1.3 million square feet was the only measured 10.0% and 14.8%, respectively. Torrey Pines 67 5,016,259 14.2% 1.5% 15.7% 15.9% 11,431 20,634 0 0 133,839 N/A
market. Industrial buildings (including positive year of demand in the last four Compared to one year ago, R&D vacancy TOTAL 3,880 116,095,948 10.5% 0.8% 11.3% 10.9% (215,704) (320,267) 0 0 3,728,224 $0.79
manufacturing, warehouse, distribution, years. While leasing demand still remains has dropped by only 2 basis points (14.8% North County
and multi-tenant/incubator) make up Carlsbad 484 14,829,987 11.1% 0.7% 11.8% 13.1% 199,438 221,489 0 176,000 987,832 $1.00
relatively high, several transactions in Q2 2010) while industrial vacancy has
71% of total inventory while R&D Escondido 635 7,149,799 5.9% 0.3% 6.3% 6.2% (6,516) 57,015 0 26,340 30,000 $0.74
during the quarter involved larger tenants decreased by 36 basis points (10.4% in Q2 Oceanside 395 8,026,752 16.8% 0.1% 16.9% 17.4% 81,511 127,095 0 0 1,227,361 $0.63
buildings (including flex, wet lab and
corporate headquarters) make up the relocating and – in several cases – 2010). San Marcos 487 8,697,523 8.9% 0.0% 8.9% 7.7% (33,905) (56,153) 0 0 53,000 $0.72
Vista 542 13,517,743 10.8% 0.2% 11.0% 9.2% (152,574) (162,145) 0 0 97,432 $0.67
remaining 29% of the total inventory. reducing the amount of space they leased.
TOTAL 2,543 52,221,804 10.8% 0.3% 11.1% 10.9% 87,954 187,301 0 202,340 2,395,625 $0.79
Continued on back page I-15 Corridor
Poway 215 8,196,451 4.0% 0.9% 4.9% 4.8% 7,406 55,943 0 0 496,400 $0.82
TRANSACTION ACTIVITY - Q2 2011 Rancho Bernardo 146 9,559,699 18.7% 0.6% 19.3% 19.4% 8,176 (94) 0 0 0 $1.00
Scripps Ranch 75 2,144,195 12.1% 3.8% 15.9% 15.9% (13,878) (2,377) 0 0 540,000 $0.88
SALES ACTIVITY TOTAL 436 19,900,345 12.0% 1.1% 13.0% 13.0% 1,704 53,472 0 0 1,036,400 $0.94
SAN DIEGO COUNTY COMBINED INDUSTRIAL / R&D
SIZE SF SALE PRICE PRICE/SF TOTAL 6,859 188,218,097 10.7% 0.7% 11.4% 11.1% (126,046) (79,494) 0 202,340 7,160,249 $0.81
PROPERTY NAME/ADDRESS SUBMARKET TYPE
QUARTERLY COMPARISON
5781 Van Allen Way Carlsbad R&D 328,700 $56,000,000 $170.37 Q2 2011 6,859 188,218,097 10.7% 0.7% 11.4% 11.1% (126,046) (79,494) 0 202,340 7,160,249 $0.81
10770 Wateridge Circle Sorrento Mesa Corp. HQ 176,983 $32.700,000 $184.76 Q1 2011 6,837 188,338,224 10.4% 0.7% 11.1% 11.3% 355,001 355,001 0 238,340 6,264,113 $0.80
Q4 2010 6,835 188,521,231 10.5% 0.9% 11.3% 11.6% 819,595 1,278,337 54,313 212,000 5,853,913 $0.83
Center Pointe Business Park El Cajon R&D 220,360 $22,400,000 $101.65 Q3 2010 6,833 188,440,137 10.7% 1.0% 11.6% 11.7% 861,592 778,591 135,020 230,313 5,823,913 $0.84
Q2 2010 6,837 188,292,664 10.6% 1.1% 11.7% 11.8% 284,835 275,585 98,000 189,333 5,823,913 $0.84
4010 Ocean Ranch Boulevard Oceanside Industrial 203,779 $14,555,000 $71.43
16707 Via Del Campo Court Rancho Bernardo R&D 46,414 $10,311,000 $222.15 Average rental rates are defined as the average asking monthly rate per square foot normalized to a "triple net" basis.
LEASING ACTIVITY
PROPERTY NAME/ADDRESS SUBMARKET TYPE SIZE SF TENANT NAME
2885 E. Loker Avenue Carlsbad R&D 88,329 BREG
9880 Mesa Rim Road Sorrento Mesa R&D 45,540 Biotix, Inc.
7825 Trade Street Miramar Industrial 42,942 Red Bull
7720 Kenamar Court Miramar R&D 29,238 G.B. Sales
2655 Vista Pacific Drive Oceanside Industrial 29,142 Enviremedial Services, Inc.
p. 2 | Colliers International Colliers International | p. 3
4. Q2 2011 | INDUSTRIAL
CARLSBAD
AT A GLANCE
Market Conditions
After moderate activity in Q1 mostly comprised of renewals and movement by existing
Oceanside tenants, Carlsbad enjoyed an influx of tenants from surrounding submarkets that resulted
Vista
in nearly 200,000 s.f. of positive absorption in Q2. Tenants like Aptera Motors, BREG
and Heat Factory recognized an opportunity to upgrade their corporate image and move
San further west with the help of aggressive landlords eager to fill space. The overall vacancy
Carlsbad Marcos
Ocean rate for Industrial/R&D dropped by more than a percentage point to 11.76%.
While leasing activity increased, the relatively limited number of larger buildings available
MARKET INDICATORS for sale in Carlsbad combined with low pricing expectations by prospective buyers
resulted in back to back quarters without an owner user sale above 15,000 s.f. Sale
Q2 Q3 prices in Carlsbad are at or near historical lows, but they still remain higher than those
2011 2011 (forecast)
in neighboring submarkets to the east and north. Owner users looking for a “great
VACANCY buy” must be willing to expand their search parameters to include submarkets such as
Oceanside or Vista. Most of the bank owned buildings offered at a discount have now
NET ABSORPTION traded, including Raceway Point where Prana (owner user) has the last building under
CONSTRUCTION
contract.
RENTAL RATE Land prices have reached a new low with the sale of Lot 16 at Raceway Point in east
Carlsbad. This 3.74 acre parcel was purchased by an investor for $8.75/s.f. and
represented the last of the bank owned land sales. With the close of this chapter we
expect to see land prices stabilize and slowly increase.
INDUSTRIAL/R&D VACANCY RATES RATES
INDUSTRIAL/R&D VACANCY CARLSBAD HISTORICAL MARKET TRENDS VISTA HISTORICAL MARKET
Q2 2011 Q2 2011
INDUSTRIAL/R&D VACANCY RATES CARLSBAD HISTORICAL MARKET TRENDS
700 VISTA HISTORICAL MARKET TRENDS
16%
Q2 2011
Carlsbad 13.1% 600 14%
Carlsbad 10.4%
21.0% 500 12%
Escondido
5.5%
400 10%
Vacancy Rate
SF (000s)
Oceanside 13.1%
17.4%
300 8%
San Marcos 10.2%
8.7% 200 6%
Vista 5.7%
11.8% 100 4%
North County 12.0%
10.9% 0 2%
-100 0%
0% 5% 10% 15% 20% 25%
2003 2004 2005 2006 2007 2008 2009 2010 2011 Q2
R&D Industrial
Net Absorption New Supply Vacancy
OCEANSIDE HISTORICAL MARKET TRENDS SAN MARCOS HISTORICAL MARKET TRENDS
OCEANSIDE HISTORICAL MARKET TRENDS SAN MARCOS HISTORICAL M
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