Thomson Reuters reports Q2 earnings down from a year ago
TORONTO — Thomson Reuters says its second-quarter net earnings were down from a year ago.
The company, which keeps its books in U.S. dollars, reported second-quarter net earnings of US$313 million, down from US$841 million a year ago.
Its earnings for the quarter ended June 30 amounted to 69 cents US per diluted share compared with US$1.86 per diluted share a year earlier.
Revenue for the quarter totalled $1.79 billion, up from $1.74 billion a year ago.
On an adjusted basis, Thomson Reuters says it earned 87 cents US per share in its latest quarter, up from an adjusted profit of 85 cents US per share a year ago.
Chief executive Steve Hasker says the company remains focused on innovation and investing in advanced agentic AI technology for its legal, tax and accounting services.
This report by The Canadian Press was first published Aug. 6, 2025.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CTV News
9 minutes ago
- CTV News
NDP raises concerns after U.S. company buys Sask. grain elevator, rail assets
The Saskatchewan NDP is raising its concerns about a U.S. company buying a Western Canadian agricultural firm. (Damian Smith/CTV News) The Saskatchewan NDP is criticizing the province for not intervening after a U.S. based company purchased an agricultural logistics business that operates in east Saskatchewan. Ceres Global Ag Corp is an agriculture, energy, and industrial product supply chain company which operates 13 locations across North America – including in Saskatchewan and Manitoba. Two of the locations include a grain elevator near Melfort and a logistics hub in southeast Saskatchewan. Ceres Global Ag has now been bought out by Bartlett – a U.S. ag firm based in Kansas City – leaving the two locations in Saskatchewan under American ownership. 'This is a time when we should be doing everything we can, especially with strategic economic infrastructures, power, rail, energy assets,' expressed NDP MLA Aleana Young. 'We should be ensuring Canadian ownership, if not Saskatchewan ownership, not continually allowing big multinational corporations or American corporations to come in and scoop up Saskatchewan assets.' With the deal closing in July, Barlett said in a news release acquiring Ceres will 'expand its operational footprint and grain merchandising capabilities' which will add approximately $45 million of total grain and oilseed storage capacity. 'This acquisition represents another step forward in our strategy to strengthen our agriculture business and broaden the value we deliver to customers across North America,' President and CEO of Bartlett's parent company Jeff Roberts said in a news release on July 2. 'The Ceres team and its leadership have an outstanding track record, and we're looking forward to building on that within the Savage portfolio.' In a statement to CTV News, the Government of Saskatchewan said its aware of the purchase and is watching the deal closely to support producers. 'We will continue to monitor the situation to help ensure producers have access to competitive and local options to sell their grains. During the first six months of 2025, the volume of Saskatchewan agri-food exports to the U.S. increased by almost 6.5 per cent,' the statement read. 'It is reckless for the NDP to suggest that we should be blocking and opposing investment in Saskatchewan that provides jobs and significant tax revenue to the residents of Saskatchewan,' the province added.
National Post
9 minutes ago
- National Post
Choice Properties Real Estate Investment Trust Announces Issuance of $350 million of Series W Senior Unsecured Debentures and $150 million of Series X Senior Unsecured Debentures, and Redemption of $200 million of Series F Senior Unsecured Debentures
Article content TORONTO — Choice Properties Real Estate Investment Trust ('Choice Properties', the 'Trust' or 'we') (TSX: announced today that it has agreed to issue, on a private placement basis in certain provinces of Canada (the 'Offering'), (i) $350 million aggregate principal amount of series W senior unsecured debentures of the Trust that will bear interest at a rate of 4.628% per annum and will mature on August 8, 2035 (the 'Series W Debentures') and (ii) $150 million aggregate principal amount of series X senior unsecured debentures of the Trust that will bear interest at a rate of 5.369% per annum and will mature on August 8, 2055 (the 'Series X Debentures' and, together with the Series W Debentures, the 'Debentures'). Article content Article content Offering of Debentures Article content The Debentures will be sold at par and are being offered on an agency basis by a syndicate of agents co-led by TD Securities, CIBC Capital Markets, RBC Capital Markets, BMO Capital Markets, and Scotiabank. Subject to customary closing conditions, the Offering is expected to close on August 8, 2025. Article content The Trust intends to use the net proceeds of the Offering to repay existing indebtedness, including the redemption in full of the Trust's $200 million aggregate principal amount of 4.055% series F senior unsecured debentures due November 24, 2025 (the 'Series F Debentures') on September 5, 2025, and for general business purposes. Article content It is a condition of closing of the Offering that the Debentures be rated at least 'BBB' (high) with a 'positive' trend by Morningstar DBRS and at least 'BBB+' by Standard and Poor's Ratings Services. The Debentures will rank equally with all other unsecured indebtedness of the Trust that has not been subordinated. Article content The Debentures being offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Debentures in any jurisdiction in which such offer, solicitation or sale would be unlawful. Article content Redemption of Series F Debentures Article content The Trust announced today that it has provided holders of its Series F Debentures a notice of redemption pursuant to which the Trust will redeem the entire outstanding principal amount of the Series F Debentures on September 5, 2025 and has fixed September 4, 2025 as the record date for this redemption. As of the date hereof, there is $200 million aggregate principal amount of the Series F Debentures outstanding. Article content On the redemption date, the Series F Debentures will be redeemed in accordance with their terms at a redemption price per $1,000 principal amount of the Series F Debentures equal to $1,000 plus accrued and unpaid interest to but excluding the redemption date of $11.554, and will thereafter cease to be outstanding. Article content We are more than a national owner, operator and developer of high-quality commercial and residential real estate. We believe in creating spaces that enhance how our tenants and communities come together to live, work, and connect. This includes our industry leadership in integrating environmental, social and economic sustainability practices into all aspects of our business. In everything we do, we are guided by a shared set of values grounded in Care, Ownership, Respect and Excellence. Article content For more information, visit Choice Properties' website at and Choice Properties' issuer profile at Article content This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflects Choice Properties' current expectations regarding future events, including the expected closing of the Offering, the intended use of proceeds of the Offering and the redemption of the Series F Debentures. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Choice Properties' control that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, the factors discussed in Choice Properties' 2025 Second Quarter Report and current Annual Information Form. Choice Properties does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. All forward-looking statements contained in this press release are made as of the date hereof and are qualified by these cautionary statements. Article content Article content Article content Article content Contacts Article content Article content Erin Johnston Article content Article content Article content
Globe and Mail
9 minutes ago
- Globe and Mail
Choice Properties Real Estate Investment Trust Announces Issuance of $350 million of Series W Senior Unsecured Debentures and $150 million of Series X Senior Unsecured Debentures, and Redemption of $200 million of Series F Senior Unsecured Debentures
Choice Properties Real Estate Investment Trust ('Choice Properties', the 'Trust' or 'we') (TSX: announced today that it has agreed to issue, on a private placement basis in certain provinces of Canada (the 'Offering'), (i) $350 million aggregate principal amount of series W senior unsecured debentures of the Trust that will bear interest at a rate of 4.628% per annum and will mature on August 8, 2035 (the 'Series W Debentures') and (ii) $150 million aggregate principal amount of series X senior unsecured debentures of the Trust that will bear interest at a rate of 5.369% per annum and will mature on August 8, 2055 (the 'Series X Debentures' and, together with the Series W Debentures, the 'Debentures'). Offering of Debentures The Debentures will be sold at par and are being offered on an agency basis by a syndicate of agents co-led by TD Securities, CIBC Capital Markets, RBC Capital Markets, BMO Capital Markets, and Scotiabank. Subject to customary closing conditions, the Offering is expected to close on August 8, 2025. The Trust intends to use the net proceeds of the Offering to repay existing indebtedness, including the redemption in full of the Trust's $200 million aggregate principal amount of 4.055% series F senior unsecured debentures due November 24, 2025 (the 'Series F Debentures') on September 5, 2025, and for general business purposes. It is a condition of closing of the Offering that the Debentures be rated at least 'BBB' (high) with a 'positive' trend by Morningstar DBRS and at least 'BBB+' by Standard and Poor's Ratings Services. The Debentures will rank equally with all other unsecured indebtedness of the Trust that has not been subordinated. The Debentures being offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Debentures in any jurisdiction in which such offer, solicitation or sale would be unlawful. Redemption of Series F Debentures The Trust announced today that it has provided holders of its Series F Debentures a notice of redemption pursuant to which the Trust will redeem the entire outstanding principal amount of the Series F Debentures on September 5, 2025 and has fixed September 4, 2025 as the record date for this redemption. As of the date hereof, there is $200 million aggregate principal amount of the Series F Debentures outstanding. On the redemption date, the Series F Debentures will be redeemed in accordance with their terms at a redemption price per $1,000 principal amount of the Series F Debentures equal to $1,000 plus accrued and unpaid interest to but excluding the redemption date of $11.554, and will thereafter cease to be outstanding. About Choice Properties Real Estate Investment Trust Choice Properties is a leading Real Estate Investment Trust that creates enduring value through places where people thrive. We are more than a national owner, operator and developer of high-quality commercial and residential real estate. We believe in creating spaces that enhance how our tenants and communities come together to live, work, and connect. This includes our industry leadership in integrating environmental, social and economic sustainability practices into all aspects of our business. In everything we do, we are guided by a shared set of values grounded in Care, Ownership, Respect and Excellence. For more information, visit Choice Properties' website at and Choice Properties' issuer profile at Forward-Looking Statements This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflects Choice Properties' current expectations regarding future events, including the expected closing of the Offering, the intended use of proceeds of the Offering and the redemption of the Series F Debentures. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Choice Properties' control that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, the factors discussed in Choice Properties' 2025 Second Quarter Report and current Annual Information Form. Choice Properties does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. All forward-looking statements contained in this press release are made as of the date hereof and are qualified by these cautionary statements.
