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TOP NEWS

• US bank stocks rise as lenders sail through Fed's stress tests


U.S. bank stocks rose in premarket trading after the Federal Reserve's stress test showed the lenders have
adequate capital to survive an economic slump even though analysts doubted if that would lead to higher returns
for shareholders.

• Fed's Powell: Most US policymakers see two or more rate hikes ahead
With U.S. inflation well above the Federal Reserve's 2% goal and a labor market that's still very tight, most of the
central bank's policymakers expect they will need to raise interest rates at least twice more by year's end, Fed
Chair Jerome Powell said.

• Crunch time in FTC fight against Microsoft deal to buy Activision


Lawyers for the Federal Trade Commission and Microsoft, which is seeking to buy Activision Blizzard, trade their
final blows and make their final points on Thursday before a judge who has been asked to tap the brakes on the
proposed $69 billion transaction.

• Chipmaker Micron beats on demand from booming AI, easing glut


Micron Technology beat estimates for third-quarter results on Wednesday, powered by demand for its memory
chips from the rapidly-growing artificial intelligence sector and an easing supply glut in its traditional PC and
smartphone markets.

• Salesforce to invest $4 billion in UK on AI innovation


Salesforce will invest $4 billion in its UK business in the next five years, the U.S. software company said, thanks to
strong demand for digital transformations and artificial intelligence.

BEFORE THE BELL


U.S. stock index futures edged higher as most banking stocks rose after clearing the Federal Reserve's annual
stress test, while investors awaited final GDP figures due for release later in the day. European shares were up
after Swedish retailer H&M posted a stronger-than-expected quarterly profit. Japan's Nikkei ended in the green as
a weaker yen boosted exporters, while China and Hong Kong stocks closed lower as traders maintained a
cautious stance on signs of weak recovery. The dollar touched a more than seven-month high against the yen
after the heads of the respective central banks reaffirmed the divergence in policy, while gold prices were little
changed. Oil gained on a bigger-than-expected decline in U.S. crude storage.

STOCKS TO WATCH

Results
• BlackBerry Ltd: The Canadian technology company posted a surprise profit for the first quarter on Wednesday
as its cybersecurity business benefited from higher client spending, while its enterprise software continued to gain
traction in automotive sector. The company is banking on resilient demand for its cybersecurity products on rising
security threats in the information technology sector. It reported a surprise profit of 6 cents per share for the
quarter ended May 31, while analysts were expecting a loss of 5 cents per share. Its total revenue of $373 million
topped analysts' average estimate of $160.4 million, according to IBES data from Refinitiv.

• Micron Technology Inc: The biggest U.S. memory chipmaker beat estimates for third-quarter results on
Wednesday, powered by demand for its memory chips from the rapidly-growing artificial intelligence sector and an
easing supply glut in its traditional PC and smartphone markets. "The recent acceleration in the adoption of

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generative AI is driving higher-than-expected industry demand for memory and storage for AI servers, while
traditional server demand for mainstream data center applications continues to be lackluster," CEO Sanjay
Mehrotra said. Micron's third-quarter revenue of $3.75 billion beat estimates of $3.65 billion, while fourth-quarter
revenue forecast of about $3.9 billion plus or minus $200 million, was largely in line with expectations, according to
Refinitiv data. The company's adjusted net loss of $1.43 per share was narrower than estimates for a $1.58 per
share loss.

Deals Of The Day


• Keysight Technologies Inc: The electronic equipment maker said on Wednesday it would acquire a controlling
stake in French software firm ESI Group in a 913 million euros deal. California-based Keysight will pay 155 euros
per ESI share in cash, a 72% premium to its closing price on May 17, when ESI disclosed preliminary discussions
with some third parties on a possible acquisition of the firm. "Keysight's acquisition of ESI Group accelerates our
strategy of providing software-centric solutions with virtual prototyping and advanced simulation capabilities,"
Keysight CEO Satish Dhanasekaran said in a statement. Once the deal is completed, Keysight will launch a
mandatory tender offer for the remaining outstanding shares of ESI Group, it said.

Moves
• McCormick & Company Inc: The spice maker said on Wednesday Chief Operating Officer Brendan Foley will
take over as CEO from September. Foley will succeed Lawrence Kurzius, who served as the chairman and CEO
for more than seven years. Kurzius will remain the executive chairman, the company said. Foley has been with
McCormick for nine years, serving as a member of the management committee, its highest executive leadership
team, since 2015.

In Other News
• Amazon.com Inc: The U.S. antitrust regulator is planning to file a suit targeting e-commerce giant's core online
marketplace in the coming weeks, Bloomberg News reported, citing documents and people familiar with the
matter. The main allegation by the U.S. Federal Trade Commission (FTC) is expected to be that Amazon
leverages its power to reward those online merchants that use its logistics services and punish the ones who don't,
the report said. The company did not immediately respond to a Reuters request for comment.

• Apple Inc: The iPhone maker will on Friday seek to fend off a revised EU antitrust charge and possible hefty fine
linked to claims it prevents music streaming companies such as Spotify from informing users of other buying
options outside its App Store. The company will set out its arguments to senior European Commission officials
and their peers at national competition agencies at a closed hearing in Brussels. Apple has said there is no merit in
the case triggered by a Spotify complaint in 2019, pointing to the Swedish music streaming service's dominant
market share in Europe, where Apple Music trails in third or fourth place in most EU countries.

• Berkshire Hathaway Inc & Occidental Petroleum Corp: The conglomerate, controlled by billionaire Warren
Buffett, said on Wednesday it has acquired more shares of Occidental Petroleum, boosting its stake in the oil
company to above 25%. The conglomerate said in a regulatory filing that it paid about $122.1 million for 2.14
million Occidental shares between June 26 and June 28. Berkshire had also purchased about 4.66 million
Occidental shares on May 30. "We're not going to buy control," Buffett said. "We've got the right management
running it."

• BioNTech SE: The German COVID-19 vaccine maker and its U.S. partner OncoC4 say they have started a late-
stage study of their lung cancer immunotherapy candidate as the company seeks to advance its traditional focus
on oncology drug development. The Phase III trial, which can potentially lead to a regulatory filing, will enrol about
600 patients, the companies said in a statement. It will seek to show a benefit for people suffering from metastatic
non-small cell lung cancer, which has progressed despite treatment with so-called checkpoint inhibitor drugs such
as Merck's Keytruda.

• BioXcel Therapeutics Inc: The company said its experimental drug to treat agitation related to Alzheimer's
disease met the main goal in a late-stage study, but the results were marred by concerns over data integrity at one
of the trial sites. The drug, named BXCL501, showed statistically significant reduction in acute agitation after two
hours compared with 5.4 hours for patients who were given a placebo. The drug also helped reduce agitation
symptoms at 1 hour of the first episode of agitation, a key secondary goal, but it did not meet another key target of
change in score at 30 minutes. BioXcel said it plans submit an application to expand the use of the drug in the
second half of this year.

• Equitrans Midstream Corp: The U.S. energy company's long-delayed $6.6 billion Mountain Valley natural gas
pipeline received authorization on Wednesday from the country's energy regulator to restart construction of the
project. "Mountain Valley has all necessary authorizations for the Mountain Valley Pipeline Project, ... therefore

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authorized to proceed with all remaining construction associated with the project," the U.S. Federal Energy
Regulatory Commission (FERC) said.

• Exxon Mobil Corp & Tetra Technologies Inc: Exxon has agreed to develop more than 6,100 lithium-rich acres
in Arkansas with Tetra Technologies, the second move this year by the oil giant for control of assets needed to
produce the electric vehicle battery metal. Financial terms were not disclosed. Neither company provided a
production or development timeline, although Exxon will be contributing about 2,000 acres and Tetra about 4,100
acres to the partnership. Certain details still need to be finalized. By partnering with Exxon, Tetra gains a large
partner with capital to help it produce bromine, which is used in flame retardants, from the acreage.

• Ferrari NV: The luxury sports automaker unveiled two new plug-in hybrid models, produced in limited series and
hitting the top end of the its price range. Based on 2019's SF90 Stradale supercar, the Prancing Horse's first ever
series hybrid car, the two new road-homologated models are inspired by Ferrari's XX programme. The program,
developed over the two past decades, aims to give Ferrari's expert client drivers track-only extreme cars, based on
its top-range models. The SF90 XX Stradale will have a starting price of 770,000 euros while the SF90 XX Spider,
equipped with retractable top, of 850,000 euros, Ferrari said.

• Gold Fields Ltd: The gold miner said it would pursue growth by building new mines and searching for new gold
deposits after a bid to rapidly expand through a $6.7-billion acquisition of Yamana Gold was foiled by rivals. The
company is now opting to investing in new operations, "building one mine at a time" in regions such as Canada
and Latin America, where there are more lucrative gold deposits, Martin Preece, its interim chief executive, said.
Gold Fields could still pursue smaller acquisitions, but it lost appetite for large deals after the Yamana bid also
provoked angst among investors who balked at the premium offered to the Canadian miner and the subsequent
share dilution, Preece said.

• Johnson & Johnson: The lead negotiators for the company's proposed $8.9 billion settlement of thousands of
talc lawsuits faced intense questioning in U.S. bankruptcy court on Wednesday about how much support it has for
the deal. During a multi-day court hearing in Trenton, New Jersey, attorneys for plaintiffs alleging that J&J's baby
powder and other talc products sometimes contained asbestos and caused ovarian cancer and mesothelioma
drilled down on J&J's public statements that it has "secured commitments from over 60,000 current claimants" for
the settlement, and that the "majority" of talc claimants support it. J&J has said its talc products are safe and do
not contain asbestos.

• Lordstown Motors Corp: The U.S. electric truck manufacturer began its bankruptcy case embroiled in litigation,
laying out disputes with estranged partner Foxconn, rival electric vehicle manufacturer Karma Automotive, the U.S.
Securities and Exchange Commission and several investor groups during its first court appearance. Lordstown
attorney Thomas Lauria told U.S. Bankruptcy Judge Mary Walrath in Delaware that the Ohio-based automaker had
faced "enormous" litigation costs before the breakdown of its relationship with Foxconn ultimately caused the
company to file for bankruptcy. "Without the support negotiated for from Foxconn, financial and otherwise, the
debtor is unable to proceed with its business," Lauria told Walrath. Foxconn attorney Matthew Murphy said that
Lordstown's allegations were "baseless" and that his client should not be blamed for Lordstown's operational
failures.

• Meta Platforms Inc: The company's Oversight Board called for the suspension of Cambodian Prime Minister
Hun Sen for six months, saying a video posted on his Facebook page had violated Meta's rules against violent
threats. The board, which is funded by Meta but operates independently, said the company erred in leaving up the
video and ordered its removal from Facebook. Meta, in a written statement, agreed to take down the video but said
it would respond to the recommendation to suspend Hun Sen after a review. The board held that the video's harms
outweighed its news value.

• Microsoft Corp: The company's President Brad Smith talked up the benefits of regulating artificial intelligence
and how the U.S. software giant can help, reiterating a message to a Brussels audience that he delivered in
Washington last month. "Our intention is to offer constructive contributions to help inform the work ahead," Smith
said in a blogpost. He subsequently reiterated his message at a conference in Brussels. He said Microsoft's five-
point blueprint for governing AI, which includes government-led AI safety frameworks, safety brakes for AI systems
that control critical infrastructure and ensuring academic access to AI aligns with the EU's proposed legislation.
Separately, lawyers for the Federal Trade Commission and Microsoft, which is seeking to buy Activision Blizzard,
trade their final blows and make their final points on Thursday before a judge who has been asked to tap the
brakes on the proposed $69 billion transaction.

• Oracle Corp: The company on Wednesday said that it has modified its flagship database software to work on a
new category of computing chip, starting with chips from Ampere Computing, a startup founded by former Intel

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executives. The company said that the database will now also run on chips made based on a technological
architecture from Arm, the same underlying technology that is in mobile phones. "It's a major commitment to move
to a new supplier. We've moved to a new architecture and we've moved to new supplier," Larry Ellison, Oracle's
founder, said during an event hosted by Ampere. Separately, Ellison said Oracle is spending "billions" of dollars on
chips from Nvidia it expands a cloud computing service targeting a new wave of artificial intelligence (AI)
companies.

• Pfizer Inc: Chinese drug maker CSPC Pharmaceutical Group said it signed a strategic partnership with Pfizer to
launch a local brand of an oral COVID-19 treatment, in an attempt to improve the access for treatment in China.
The combination of Nirmatrelvir and Ritonavir sold under the brand name Paxlovid, an oral small molecule
developed by pharmaceutical company Pfizer, is used to treat patients suffering from mild to moderate COVID-19
symptoms and who are at the risk of disease progression.

• Procter & Gamble Co: P&G India said it would invest 20 billion rupees to set up a personal healthcare
manufacturing facility in the western state of Gujarat. The company will manufacture digestive products that are
part of parent P&G's global healthcare product portfolio at the facility, it said in a statement on Wednesday. The
facility will be operational in the next few years and become a global export hub for P&G, the Whisper sanitary
napkin maker said.

• Salesforce Inc: The U.S. software company will invest $4 billion in its UK business in the next five years, it said,
thanks to strong demand for digital transformations and artificial intelligence. The company said the plan builds on
a previous five-year injection of $2.5 billion it set out in 2018. "Salesforce's major investment in its UK business
over the next five years is a ringing endorsement of our economy,” British Prime Minister Rishi Sunak said in the
statement released by the NYSE-listed company. Separately, Typeface, a generative AI platform for enterprise
content creation, said that it was valued at $1 billion after an oversubscribed Series B funding round led by
Salesforce's global investment arm, bringing the total capital raised to $165 million.

• Sanofi SA: The French drugmaker reaffirmed its ambition to deliver more than 10 billion euros in annual
vaccines sales by 2030, driven by core franchises of influenza, meningitis, and pediatric vaccines, with the addition
of RSV. Separately, Sanofi said that trials show the currently available mRNA technology behind the most
successful COVID-19 shots will not be effective against influenza and it is already working on a next generation of
shots. The company said early-stage testing on humans of its experimental influenza shot based on mRNA, or
messenger RNA, showed a strong immune response against A strains of the virus but missed the mark on less
prevalent B strains.

• SL Green Realty Corp: Several overseas investors were interested in SL Green Realty's Park Ave tower before
Japanese real estate developer Mori Trust bought half of it, a source familiar with the matter said, an illustration of
how some corners of the property market have withstood falling prices. SL Green is selling Mori $500 million in
mezzanine debt, and Mori paid cash for its nearly 50% stake, the source said. Mori could not be reached for
comment. "While SL Green Realty Corp's sale of 245 Park Avenue is a positive sign for NYC office investors, it is
important to note that one transaction does not accurately reflect the overall state of the market," Eliasaf said."

• Stellantis NV: The carmaker will require union employees to work mandatory overtime at its Warren Truck
assembly and Jefferson North factory in Michigan, to boost Jeep SUV production ahead of a potential strike
deadline in September, according to a document shared with Reuters. Stellantis told workers at both facilites the
plants will be in "critical status" from July 5 through October 2. "The company executives are doing this to build up
inventory ahead of a potential strike. They are trying to intimidate us because we will not accept another sellout
contract from the United Auto Workers," the rank-and-file committee, an independent group of mostly union
workers for the Warren Truck facility, said in a blog post.

• Taiwan Semiconductor Manufacturing Co Ltd: The Taiwanese chipmaker said it is sending more workers from
Taiwan to the U.S. state of Arizona to help build a massive $40 billion factory to ensure its "fast ramp up". The first
Arizona chip fabrication facility, or fab, is scheduled to be operational by 2024. A second facility nearby that is
expected to make 3 nanometre chips - the most advanced currently in production - is due to be up and running by
2026. "Given we are now in a critical phase handling all of the most advanced and dedicated equipment in a
sophisticated facility, we require skilled expertise," it said. The additions will not impact the 12,000 workers
currently on-site every day or U.S.-based hiring, it added.

• Toyota Motor Corp: The Japanese automaker reported a 10% jump in global sales for May from a year earlier,
benefiting from growth at home and other key markets on a recovery in the supply of chips and other parts. The
company sold 838,478 vehicles globally last month, including its luxury car brand Lexus, compared to 761,466
vehicles in May 2022, when sales took a heavy hit from the stuttering parts supply because of the pandemic. In

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Japan, Toyota's sales jumped 35.1% to 116,954 units in May, outpacing a 21.5% year-on-year rise in April. In
May, the automaker sold 9,923 battery electric vehicles worldwide, including its Lexus brand, bringing the total
number of battery-powered vehicles sold in the first five months of 2023 to 35,980 units. China sales increased
9.3% year-on-year in May to 162,381 vehicles, largely in line with 162,554 units the company sold in the country in
April.

• United Parcel Service Inc: The union representing roughly 340,000 U.S. drivers, package handlers and loaders
at United Parcel Service on Wednesday demanded that the company make its "last, best, and final offer no later
than June 30." The International Brotherhood of Teamsters said it walked away from the national bargaining table
in Washington, D.C., on Wednesday, after the company's latest proposal included "miniscule raises and wage cuts
to traditional cost-of-living adjustments." "We remain at the table ready to negotiate," UPS said. Both sides want to
have a deal in place before the current labor contract expires at midnight on July 31.

• Virgin Galactic Holdings Inc: A twin-fuselage jet stood ready to carry a Virgin Galactic rocket plane with a three
-man crew from Italy into the New Mexico sky for a high-altitude launch of the company's first flight of paying
customers to the edge of space. The two Italian air force colonels and an aerospace engineer from the National
Research Council of Italy were due to join their Virgin Galactic instructor and the spaceplane's two pilots on a
suborbital ride expected to take the six men about 50 miles above the desert floor. The flight marks a decisive
moment for the space tourism venture founded by British billionaire Richard Branson in 2004, as it inaugurates
commercial service following several years fraught with development setbacks.

• Visa Inc: The payments giant on Wednesday agreed to acquire Brazilian fintech platform Pismo for $1 billion in
cash to expand its footprint in Latin America, a vote of renewed confidence in the region amid a funding slowdown.
As part of the deal, which is expected to close by the end of the year, Pismo will retain its current management
team, Visa said. For Visa, the world's largest payments processor, it is its first major takeover since 2021 when it
bought European open banking platform Tink for $2.2 billion as well as British cross-border payments provider
Currencycloud.

INSIGHT
US abortion pill access could hinge on whether doctors had right to sue
A prominent U.S. lawsuit to ban the abortion pill mifepristone has focused on the drug's safety and approval
process. But the outcome may ultimately rest on a different issue: whether Ingrid Skop, an anti-abortion doctor in
Texas, and other physicians behind the lawsuit can justify suing in the first place.

ANALYSTS' RECOMMENDATION
• Delta Air Lines Inc: JPMorgan raises target price to $71 from $69, following the company's investor day event
where it lifted the second quarter guidance.

• Freeport-McMoRan Inc: Bernstein initiates coverage with market perform rating and target price of $41,
believing strongly in the long-term potential of copper.

• General Mills Inc: Piper Sandler cuts target price to $88 from $95, saying consumer preferences, commodity
costs, and foreign exchange could impact earnings.

• Micron Technology Inc: Piper Sandler raises target price to $70 from $45, based on improving end-market
inventory conditions with a potential improvement in volumes and pricing in the second half of 2023.

• TJX Companies Inc: Piper Sandler initiates coverage with overweight rating and target price of $110, saying the
company's focus on an upper-middle income consumer gives it an advantage and see an opportunity for it to
benefit in the second half of the year.

ECONOMIC EVENTS (All timings in U.S. Eastern Time)


0830 Corporate profits revised for Q1: Prior -6.8%
0830 GDP final for Q1: Expected 1.4%; Prior 1.3%
0830 GDP sales final for Q1: Expected 3.5%; Prior 3.4%
0830 GDP consumer spending final for Q1: Prior 3.8%
0830 GDP deflator final for Q1: Expected 4.2%; Prior 4.1%
0830 Core PCE prices final for Q1: Expected 5.0%; Prior 5.0%
0830 PCE prices final for Q1: Expected 4.2%; Prior 4.2%

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0830 Initial jobless claims: Expected 265,000; Prior 264,000


0830 Jobless claims 4-week average: Prior 255,750
0830 Continued jobless claims: Expected 1.765 mln; Prior 1.759 mln
1000 Pending homes sales index for May: Prior 78.9
1000 Pending homes sales change mm for May: Expected -0.5%; Prior 0.0%

COMPANIES REPORTING RESULTS


Nike Inc: Expected Q4 earnings of 67 cents per share
Paychex Inc: Expected Q4 earnings of 97 cents per share

CORPORATE EVENTS (All timings in U.S. Eastern Time)


0800 Acuity Brands Inc: Q3 earnings conference call
0800 McCormick & Company Inc: Q2 earnings conference call
0830 MSC Industrial Direct Co Inc: Q3 earnings conference call
0900 Shake Shack Inc: Annual Shareholders Meeting
0900 Simply Good Foods Co: Q3 earnings conference call
0900 Worthington Industries Inc: Q4 earnings conference call
0930 Paychex Inc: Q4 earnings conference call
1030 H.B. Fuller Company: Q2 earnings conference call
1100 Global Net Lease Inc: Annual Shareholders Meeting
1100 Greenbrier Companies Inc: Q3 earnings conference call
1100 Lindsay Corp: Q3 earnings conference call
1200 Gitlab Inc: Annual Shareholders Meeting
1200 National Instruments Corp: Annual Shareholders Meeting
1200 SentinelOne Inc: Annual Shareholders Meeting
1300 Hashicorp Inc: Annual Shareholders Meeting
1330 RH: Annual Shareholders Meeting
1400 Braze Inc: Annual Shareholders Meeting
1600 Samsara Inc: Annual Shareholders Meeting
1630 Accolade Inc: Q1 earnings conference call
1630 SMART Global Holdings Inc.: Q3 earnings conference call
1700 Nike Inc: Q4 earnings conference call
1700 Progress Software Corp: Q2 earnings conference call
2130 Qifu Technology Inc: Annual Shareholders Meeting
2200 Tencent Music Entertainment Group: Annual Shareholders Meeting

EX-DIVIDENDS
Acadia Realty Trust: Amount $0.18
AGNC Investment Corp: Amount $0.12
Agree Realty Corp: Amount $0.24
Alexandria Real Estate Equities Inc: Amount $1.24
Amdocs Ltd: Amount $0.43
Ameris Bancorp: Amount $0.15
Annaly Capital Management Inc: Amount $0.65
Apollo Commercial Real Estate Finance Inc: Amount $0.35
Avalonbay Communities Inc: Amount $1.65
B&G Foods Inc: Amount $0.19
BancFirst Corp: Amount $0.40
Boston Properties Inc: Amount $0.98
Broadstone Net Lease Inc: Amount $0.28
Camden Property Trust: Amount $1.00
Chimera Investment Corp: Amount $0.18
Corporate Office Properties Trust: Amount $0.28
CTS Corp: Amount $0.04
Danaher Corp: Amount $0.27
Deere & Co: Amount $1.25
DENTSPLY SIRONA Inc: Amount $0.14
Diamondrock Hospitality Co: Amount $0.03
Digitalbridge Group Inc: Amount $0.01

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Dillard's Inc: Amount $0.20


Douglas Emmett Inc: Amount $0.19
Eastgroup Properties Inc: Amount $1.25
Ensign Group Inc: Amount $0.05
EPR Properties: Amount $0.27
Equity LifeStyle Properties Inc: Amount $0.44
ESAB Corp: Amount $0.06
Fifth Third Bancorp: Amount $0.33
First Bancorp (North Carolina): Amount $0.22
FMC Corp: Amount $0.58
Franklin Resources Inc: Amount $0.30
Goldman Sachs BDC Inc: Amount $0.45
Granite Construction Inc: Amount $0.13
Host Hotels & Resorts Inc: Amount $0.15
Humana Inc: Amount $0.88
Illinois Tool Works Inc: Amount $1.31
Innovative Industrial Properties Inc: Amount $1.80
Inventrust Properties Corp: Amount $0.21
Kennedy-Wilson Holdings Inc: Amount $0.24
Keurig Dr Pepper Inc: Amount $0.20
Kilroy Realty Corp: Amount $0.54
Ladder Capital Corp: Amount $0.23
Lennox International Inc: Amount $1.10
Lincoln Electric Holdings Inc: Amount $0.64
LXP Industrial Trust: Amount $0.12
MFA Financial Inc: Amount $0.35
Mondelez International Inc: Amount $0.38
Monolithic Power Systems Inc: Amount $1.00
National Fuel Gas Co: Amount $0.49
National Health Investors Inc: Amount $0.90
National Research Corp: Amount $0.12
Nucor Corp: Amount $0.51
Owl Rock Capital Corp: Amount $0.33
Paramount Group Inc: Amount $0.03
Park Hotels & Resorts Inc: Amount $0.15
Peakstone Realty Trust: Amount $0.22
Pebblebrook Hotel Trust: Amount $0.01
Primoris Services Corp: Amount $0.06
Ralph Lauren Corp: Amount $0.75
Ready Capital Corp: Amount $0.14
Regal Rexnord Corp: Amount $0.35
Rexford Industrial Realty Inc: Amount $0.38
RLJ Lodging Trust: Amount $0.08
Ryman Hospitality Properties Inc: Amount $1.00
Safehold Inc: Amount $0.17
SL Green Realty Corp: Amount $0.27
Spirit Realty Capital Inc: Amount $0.66
STAG Industrial Inc: Amount $0.12
Steel Dynamics Inc: Amount $0.42
Stryker Corp: Amount $0.75
Sun Communities Inc: Amount $0.93
Sunstone Hotel Investors Inc: Amount $0.05
Terreno Realty Corp: Amount $0.40
TowneBank: Amount $0.25
US Bancorp: Amount $0.48
Valmont Industries Inc: Amount $0.60
WP Carey Inc: Amount $1.06
Xenia Hotels & Resorts Inc: Amount $0.10
Xerox Holdings Corp: Amount $0.25

(All analysts' estimates are according to I/B/E/S Refinitiv data)

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