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A recent report has highlighted the urgent need for an aggregated AgriTech database in Uganda to enhance data-driven financing for farmers and other agricultural stakeholders. Commissioned by the Uganda National Council of Farmers (UNCOF), in collaboration with the Uganda Bankers Association (UBA) and the Financial Technology Service Providers Association (FITSPA), the study emphasizes that centralizing […] The post Report: There’s Need for AgriTech Database to Boost Data-Driven Financing of Agr...

Liberia, West Africa--(Newsfile Corp. - June 20, 2024) - HammerPay, a wholly-owned subsidiary of Hammer Fiber Optics Holdings Corp. (OTC Pink: HMMR), has revamped its cash-in process for the UBA Remit Wallet - powered by HammerPay in Liberia. Customers can now deposit funds without any fees, a move aimed at driving platform adoption and usage.

New York, New York--(Newsfile Corp. - May 21, 2024) - With the successful launch in August 2023 of the UBA Remit Wallet - a digital wallet service for UBA Liberia, West Africa, HammerPay [USA] Ltd., a wholly-owned subsidiary of Hammer Fiber Optics Holdings Corp. (OTC Pink: HMMR) is now teaming up with internet service provider Spectrum Communications Services (ISP) - Liberia, to offer affordable and pocket-friendly internet services for consumers that can be accessed and paid for through the UBA Remit Wallet.

Urstadt Biddle Properties (UBA) came out with quarterly funds from operations (FFO) of $0.35 per share, missing the Zacks Consensus Estimate of $0.38 per share. This compares to FFO of $0.37 per share a year ago.

My grandmother often told me about her life as a child and the adversity that her parents faced growing up on a small family farm in rural South Carolina. My great grandparents witnessed the crippling of the banking system as panicky depositors withdrew cash, and of course, unemployment soared. I can only imagine what life would have been like during the Great Depression, a period in which real estate values were in a tailspin.

Regency Centers is a strong REIT which focuses on grocery-anchored properties. The company is doing just fine on an operational basis, and announced the purchase of Urstadt Biddle in a deal set to grow the portfolio by about 10%.

The merger looks good to me. REG is closer to fair value than the deeply discounted UBA which makes a stock for stock deal immediately accretive.

I cover some of the details of the stock-for-stock acquisition of Urstadt Biddle Properties by Regency Centers. The combined REIT will continue to be a blue-chip retail real estate operator with high-quality assets and a strong balance sheet.

Regency Centers Corp. REG, +3.09% said Thursday it has agreed to acquire Urstadt Biddle Properties Inc. UBA, +2.42% UBP, +2.25% in an all-stock deal valued at $1.4 billion. Under the terms of the deal, Regency, a REIT that develops shopping centers, will pay 0.347 of a newly issued share for each UBA or UBP share owned, equal to about $20.40 a share based on Regency's closing price on May 17.

Urstadt Biddle is often overlooked due to its small size and lack of communication. Its portfolio is well located in low-supply submarkets.