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$ESS said that its 1Q16 total same-store revenue growth was 7.3% and NOI growth was 8.8%. The company increased the number of units renovated in the same-store portfolio to 229% from 247 units in 1Q15 to 813 units. This increase negatively impacted the vacancy rates by about 5 BP for the quarter in the same-store portfolio vs. 1Q15.
$MCD stock rose more than 2% after it posted better than expected 3Q16 results, driven by global same-store sales growth. Meanwhile, earnings and revenue were lower than last year, hurt by refranchising efforts.
$RAI has received a $47 billion take over offer from British tobacco giant British American Tobacco! This is huge!
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.