S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?
Abbott Laboratories Outlook is Healthy: Buy the Dip
Closing prices for crude oil, gold and other commodities
Stock market today: World shares are mixed after a tech-led retreat on Wall Street
Prologis Stock Leading U.S. Logistics Boom
S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?
Abbott Laboratories Outlook is Healthy: Buy the Dip
Closing prices for crude oil, gold and other commodities
Stock market today: World shares are mixed after a tech-led retreat on Wall Street
Prologis Stock Leading U.S. Logistics Boom
S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?
Abbott Laboratories Outlook is Healthy: Buy the Dip
Closing prices for crude oil, gold and other commodities
Stock market today: World shares are mixed after a tech-led retreat on Wall Street
Prologis Stock Leading U.S. Logistics Boom
S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?
Abbott Laboratories Outlook is Healthy: Buy the Dip
Closing prices for crude oil, gold and other commodities
Stock market today: World shares are mixed after a tech-led retreat on Wall Street
Prologis Stock Leading U.S. Logistics Boom

Compare Stocks

Comparative Price Performance Over Time

Compare Stocks - Price & Volume

CompanyCurrent Price50-Day Moving Average52-Week RangeMarket CapBetaAvg. VolumeToday's Volume
Cushman & Wakefield plc stock logo
CWK
Cushman & Wakefield
$9.27
-1.5%
$10.13
$6.24
$11.76
$2.11B1.342.10 million shs1.81 million shs
Hudson Pacific Properties, Inc. stock logo
HPP
Hudson Pacific Properties
$5.80
+1.4%
$6.55
$4.05
$9.85
$807.35M1.31.90 million shs1.19 million shs
Kennedy-Wilson Holdings, Inc. stock logo
KW
Kennedy-Wilson
$8.21
+1.5%
$8.78
$7.85
$17.43
$1.12B1.061.14 million shs1.16 million shs
New World Development Company Limited stock logo
NDVLY
New World Development
$0.50
$0.60
$0.45
$1.34
N/A0.454,740 shs7,735 shs
Terreno Realty Co. stock logo
TRNO
Terreno Realty
$55.52
-5.0%
$63.19
$50.42
$66.63
$5.64B0.81964,734 shs1.54 million shs
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Price Performance

Company1-Day Performance7-Day Performance30-Day Performance90-Day Performance1-Year Performance
Cushman & Wakefield plc stock logo
CWK
Cushman & Wakefield
-1.54%-8.58%-4.14%-4.83%-0.91%
Hudson Pacific Properties, Inc. stock logo
HPP
Hudson Pacific Properties
+1.31%-4.21%-9.95%-29.93%+3.48%
Kennedy-Wilson Holdings, Inc. stock logo
KW
Kennedy-Wilson
+1.55%-3.18%-0.36%-24.75%-51.04%
New World Development Company Limited stock logo
NDVLY
New World Development
+0.62%-13.42%-15.25%-26.28%-62.12%
Terreno Realty Co. stock logo
TRNO
Terreno Realty
-4.92%-9.83%-11.35%-9.52%-10.42%

MarketRank™

CompanyOverall ScoreAnalyst's OpinionShort Interest ScoreDividend StrengthESG ScoreNews and Social Media SentimentCompany OwnershipEarnings & Valuation
Cushman & Wakefield plc stock logo
CWK
Cushman & Wakefield
3.5759 of 5 stars
2.23.00.02.62.52.51.9
Hudson Pacific Properties, Inc. stock logo
HPP
Hudson Pacific Properties
4.7639 of 5 stars
3.21.01.73.02.33.33.8
Kennedy-Wilson Holdings, Inc. stock logo
KW
Kennedy-Wilson
3.9692 of 5 stars
2.83.01.72.13.33.30.6
New World Development Company Limited stock logo
NDVLY
New World Development
N/AN/AN/AN/AN/AN/AN/AN/A
Terreno Realty Co. stock logo
TRNO
Terreno Realty
3.8904 of 5 stars
3.25.03.30.02.00.02.5

Analyst Ratings

CompanyConsensus Rating ScoreConsensus RatingConsensus Price Target% Upside from Current Price
Cushman & Wakefield plc stock logo
CWK
Cushman & Wakefield
2.40
Hold$11.0819.63% Upside
Hudson Pacific Properties, Inc. stock logo
HPP
Hudson Pacific Properties
2.40
Hold$9.0556.17% Upside
Kennedy-Wilson Holdings, Inc. stock logo
KW
Kennedy-Wilson
1.50
Reduce$11.0033.98% Upside
New World Development Company Limited stock logo
NDVLY
New World Development
N/AN/AN/AN/A
Terreno Realty Co. stock logo
TRNO
Terreno Realty
2.44
Hold$67.1120.88% Upside

Current Analyst Ratings

Latest NDVLY, CWK, KW, TRNO, and HPP Analyst Ratings

DateCompanyBrokerageActionRatingPrice TargetDetails
4/10/2024
Cushman & Wakefield plc stock logo
CWK
Cushman & Wakefield
Jefferies Financial Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Initiated CoverageBuy$13.00
4/9/2024
Cushman & Wakefield plc stock logo
CWK
Cushman & Wakefield
Wolfe Research
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Reiterated RatingOutperform ➝ Peer Perform
4/3/2024
Cushman & Wakefield plc stock logo
CWK
Cushman & Wakefield
Raymond James
Subscribe to MarketBeat All Access for the recommendation accuracy rating
DowngradeStrong-Buy ➝ Outperform$13.00
4/2/2024
Terreno Realty Co. stock logo
TRNO
Terreno Realty
Mizuho
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Boost Price TargetNeutral ➝ Neutral$52.00 ➝ $62.00
3/28/2024
Hudson Pacific Properties, Inc. stock logo
HPP
Hudson Pacific Properties
Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Lower Price TargetEqual Weight ➝ Equal Weight$7.00 ➝ $6.00
3/28/2024
Terreno Realty Co. stock logo
TRNO
Terreno Realty
JMP Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Reiterated RatingMarket Outperform ➝ Market Outperform$65.00
3/28/2024
Terreno Realty Co. stock logo
TRNO
Terreno Realty
Wedbush
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Reiterated RatingNeutral ➝ Neutral$67.00
3/27/2024
Terreno Realty Co. stock logo
TRNO
Terreno Realty
Barclays
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Initiated CoverageOverweight$71.00
3/22/2024
Hudson Pacific Properties, Inc. stock logo
HPP
Hudson Pacific Properties
Piper Sandler
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Lower Price TargetOverweight ➝ Overweight$11.00 ➝ $9.00
3/22/2024
Terreno Realty Co. stock logo
TRNO
Terreno Realty
Piper Sandler
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Boost Price TargetOverweight ➝ Overweight$70.00 ➝ $73.00
3/19/2024
Hudson Pacific Properties, Inc. stock logo
HPP
Hudson Pacific Properties
Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Lower Price TargetEqual Weight ➝ Equal Weight$8.00 ➝ $7.00
(Data available from 4/18/2021 forward. View 10+ years of historical ratings with our analyst ratings screener.)

Sales & Book Value

CompanyAnnual RevenuePrice/SalesCashflowPrice/CashBook ValuePrice/Book
Cushman & Wakefield plc stock logo
CWK
Cushman & Wakefield
$9.49B0.22$1.88 per share4.92$7.38 per share1.26
Hudson Pacific Properties, Inc. stock logo
HPP
Hudson Pacific Properties
$952.30M0.86$1.79 per share3.24$21.78 per share0.27
Kennedy-Wilson Holdings, Inc. stock logo
KW
Kennedy-Wilson
$562.60M2.03$0.37 per share22.07$7.24 per share1.13
New World Development Company Limited stock logo
NDVLY
New World Development
$12.16BN/A$0.42 per share1.19$26.95 per shareN/A
Terreno Realty Co. stock logo
TRNO
Terreno Realty
$323.59M16.56$2.36 per share23.51$34.13 per share1.63

Profitability & Earnings

CompanyNet IncomeEPSTrailing P/E RatioForward P/E RatioP/E GrowthNet MarginsReturn on Equity (ROE)Return on Assets (ROA)Next Earnings Date
Cushman & Wakefield plc stock logo
CWK
Cushman & Wakefield
-$35.40M-$0.17N/A7.30N/A-0.37%11.87%2.50%4/29/2024 (Confirmed)
Hudson Pacific Properties, Inc. stock logo
HPP
Hudson Pacific Properties
-$173.89M-$1.37N/A4.460.48-19.20%-5.74%-2.06%5/1/2024 (Confirmed)
Kennedy-Wilson Holdings, Inc. stock logo
KW
Kennedy-Wilson
-$303.80M-$2.46N/AN/AN/A-55.65%-16.94%-2.68%5/8/2024 (Confirmed)
New World Development Company Limited stock logo
NDVLY
New World Development
$439.07MN/A0.0010.00N/AN/AN/AN/AN/A
Terreno Realty Co. stock logo
TRNO
Terreno Realty
$151.46M$1.8130.6720.792.6946.76%5.55%4.07%5/1/2024 (Estimated)

Latest NDVLY, CWK, KW, TRNO, and HPP Earnings

DateQuarterCompanyConsensus EstimateReported EPSBeat/MissGap EPSRevenue EstimateActual RevenueDetails
5/8/2024N/A
Kennedy-Wilson Holdings, Inc. stock logo
KW
Kennedy-Wilson
-$0.42N/A+$0.42N/AN/AN/A  
5/1/2024N/A
Hudson Pacific Properties, Inc. stock logo
HPP
Hudson Pacific Properties
$0.16N/A-$0.16N/AN/AN/A  
4/29/2024N/A
Cushman & Wakefield plc stock logo
CWK
Cushman & Wakefield
-$0.02N/A+$0.02N/AN/AN/A  
2/21/2024Q4 2023
Kennedy-Wilson Holdings, Inc. stock logo
KW
Kennedy-Wilson
$0.03-$1.41-$1.44-$1.04N/A$140.10 million
2/20/2024Q4 2023
Cushman & Wakefield plc stock logo
CWK
Cushman & Wakefield
$0.39$0.45+$0.06$0.60$1.78 billion$2.55 billion    
2/12/202412/31/2023
Hudson Pacific Properties, Inc. stock logo
HPP
Hudson Pacific Properties
$0.15$0.15N/A-$0.70$223.93 million$223.42 million      
2/7/2024Q4 2023
Terreno Realty Co. stock logo
TRNO
Terreno Realty
$0.58$0.68+$0.10$0.68$84.06 million$86.48 million

Dividends

CompanyAnnual PayoutDividend Yield3-Year Dividend GrowthPayout RatioYears of Consecutive Growth
Cushman & Wakefield plc stock logo
CWK
Cushman & Wakefield
N/AN/AN/AN/AN/A
Hudson Pacific Properties, Inc. stock logo
HPP
Hudson Pacific Properties
$0.203.45%-20.63%N/A N/A
Kennedy-Wilson Holdings, Inc. stock logo
KW
Kennedy-Wilson
$0.9611.69%+2.94%N/A N/A
New World Development Company Limited stock logo
NDVLY
New World Development
$0.024.00%N/AN/AN/A
Terreno Realty Co. stock logo
TRNO
Terreno Realty
$1.803.24%+14.92%99.45%12 Years

Latest NDVLY, CWK, KW, TRNO, and HPP Dividends

AnnouncementCompanyPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
3/7/2024
New World Development Company Limited stock logo
NDVLY
New World Development
$0.01083/20/20243/21/20244/25/2024
2/7/2024
Terreno Realty Co. stock logo
TRNO
Terreno Realty
quarterly$0.452.8%3/27/20243/28/20244/5/2024
2/21/2024
Kennedy-Wilson Holdings, Inc. stock logo
KW
Kennedy-Wilson
Quarterly$0.2410.08%3/27/20243/28/20244/4/2024
3/8/2024
Hudson Pacific Properties, Inc. stock logo
HPP
Hudson Pacific Properties
--$0.053/15/20243/18/20243/28/2024
(Data available from 1/1/2013 forward)

Debt

CompanyDebt-to-Equity RatioCurrent RatioQuick Ratio
Cushman & Wakefield plc stock logo
CWK
Cushman & Wakefield
1.85
1.17
1.17
Hudson Pacific Properties, Inc. stock logo
HPP
Hudson Pacific Properties
1.31
1.79
1.79
Kennedy-Wilson Holdings, Inc. stock logo
KW
Kennedy-Wilson
5.25
1.00
1.00
New World Development Company Limited stock logo
NDVLY
New World Development
N/AN/AN/A
Terreno Realty Co. stock logo
TRNO
Terreno Realty
0.28
2.68
2.68

Ownership

Miscellaneous

CompanyEmployeesShares OutstandingFree FloatOptionable
Cushman & Wakefield plc stock logo
CWK
Cushman & Wakefield
52,000227.33 million225.03 millionOptionable
Hudson Pacific Properties, Inc. stock logo
HPP
Hudson Pacific Properties
758141.15 million136.98 millionOptionable
Kennedy-Wilson Holdings, Inc. stock logo
KW
Kennedy-Wilson
259138.98 million106.04 millionOptionable
New World Development Company Limited stock logo
NDVLY
New World Development
28,000N/AN/ANot Optionable
Terreno Realty Co. stock logo
TRNO
Terreno Realty
4296.52 million94.21 millionOptionable

NDVLY, CWK, KW, TRNO, and HPP Headlines

SourceHeadline
Tandem Investment Advisors Inc. Buys 280,109 Shares of Terreno Realty Co. (NYSE:TRNO)Tandem Investment Advisors Inc. Buys 280,109 Shares of Terreno Realty Co. (NYSE:TRNO)
marketbeat.com - April 17 at 7:32 PM
Terreno Realty Acquires Industrial Portfolio in Alexandria, Virginia for $84.3MTerreno Realty Acquires Industrial Portfolio in Alexandria, Virginia for $84.3M
rebusinessonline.com - April 17 at 1:09 PM
TRNO Crosses Below Key Moving Average LevelTRNO Crosses Below Key Moving Average Level
nasdaq.com - April 17 at 1:49 AM
Terreno Realty Corporation Acquires Property in Alexandria, VA for $84.3 MillionTerreno Realty Corporation Acquires Property in Alexandria, VA for $84.3 Million
businesswire.com - April 16 at 9:15 AM
Terreno Realty begins construction of Countyline Corporate buildingTerreno Realty begins construction of Countyline Corporate building
worldconstructionnetwork.com - April 15 at 8:57 AM
Terreno Realty Co. (NYSE:TRNO) Shares Purchased by Phocas Financial Corp.Terreno Realty Co. (NYSE:TRNO) Shares Purchased by Phocas Financial Corp.
marketbeat.com - April 14 at 12:51 PM
Short Interest in Terreno Realty Co. (NYSE:TRNO) Declines By 37.2%Short Interest in Terreno Realty Co. (NYSE:TRNO) Declines By 37.2%
marketbeat.com - April 12 at 11:13 PM
Unfinished Hialeah warehouse park 100% pre-leasedUnfinished Hialeah warehouse park 100% pre-leased
bizjournals.com - April 12 at 2:49 PM
Terreno Realty Corporation Announces Development Start in Hialeah, FLTerreno Realty Corporation Announces Development Start in Hialeah, FL
businesswire.com - April 12 at 9:15 AM
Maintaining Buy on Terreno Realty: Strong Fundamentals and Positive Outlook Despite Occupancy DipMaintaining Buy on Terreno Realty: Strong Fundamentals and Positive Outlook Despite Occupancy Dip
markets.businessinsider.com - April 10 at 7:44 PM
Terreno Realty (TRNO) Sees Rent Growth in Q1, Occupancy DeclinesTerreno Realty (TRNO) Sees Rent Growth in Q1, Occupancy Declines
zacks.com - April 10 at 1:26 PM
KeyBanc Sticks to Their Buy Rating for Terreno Realty (TRNO)KeyBanc Sticks to Their Buy Rating for Terreno Realty (TRNO)
markets.businessinsider.com - April 10 at 9:42 AM
Terreno Realty Corporation Announces Quarterly Operating, Investment and Capital Markets ActivityTerreno Realty Corporation Announces Quarterly Operating, Investment and Capital Markets Activity
businesswire.com - April 9 at 4:05 PM
Moody Aldrich Partners LLC Cuts Position in Terreno Realty Co. (NYSE:TRNO)Moody Aldrich Partners LLC Cuts Position in Terreno Realty Co. (NYSE:TRNO)
marketbeat.com - April 9 at 12:59 PM
Howland Capital Management LLC Boosts Stake in Terreno Realty Co. (NYSE:TRNO)Howland Capital Management LLC Boosts Stake in Terreno Realty Co. (NYSE:TRNO)
marketbeat.com - April 4 at 9:46 AM
Terreno Realty Co. (NYSE:TRNO) Receives Average Rating of "Hold" from AnalystsTerreno Realty Co. (NYSE:TRNO) Receives Average Rating of "Hold" from Analysts
marketbeat.com - April 4 at 2:31 AM
Terreno Realty (NYSE:TRNO) PT Raised to $62.00Terreno Realty (NYSE:TRNO) PT Raised to $62.00
marketbeat.com - April 2 at 9:12 AM
Homeowners prepare rentals for Masters weekHomeowners prepare rentals for Masters week
msn.com - April 1 at 12:39 PM
Fleas Iconic Architectural Compound Overlooking Los Angeles on Sale for Nearly $7 MillionFlea's 'Iconic Architectural Compound' Overlooking Los Angeles on Sale for Nearly $7 Million
msn.com - April 1 at 12:39 PM
Terreno Realty Corporation Sells Property in Seattle, WA for $11.0 MillionTerreno Realty Corporation Sells Property in Seattle, WA for $11.0 Million
finance.yahoo.com - April 1 at 12:39 PM
Terreno Realty Co. (NYSE:TRNO) Shares Acquired by Copeland Capital Management LLCTerreno Realty Co. (NYSE:TRNO) Shares Acquired by Copeland Capital Management LLC
marketbeat.com - March 31 at 9:30 AM
Terreno Realty Co. to Post Q3 2024 Earnings of $0.64 Per Share, Wedbush Forecasts (NYSE:TRNO)Terreno Realty Co. to Post Q3 2024 Earnings of $0.64 Per Share, Wedbush Forecasts (NYSE:TRNO)
marketbeat.com - March 29 at 8:37 AM
Terreno Realty (NYSE:TRNO) Sets New 52-Week High at $66.34Terreno Realty (NYSE:TRNO) Sets New 52-Week High at $66.34
marketbeat.com - March 28 at 11:59 AM
Terreno Realtys (TRNO) Market Outperform Rating Reaffirmed at JMP SecuritiesTerreno Realty's (TRNO) Market Outperform Rating Reaffirmed at JMP Securities
marketbeat.com - March 28 at 11:29 AM

New MarketBeat Followers Over Time

Media Sentiment Over Time

Top Headlines

All Headlines

Company Descriptions

Cushman & Wakefield logo

Cushman & Wakefield

NYSE:CWK
Cushman & Wakefield plc, together with its subsidiaries, provides commercial real estate services under the Cushman & Wakefield brand in the United States, Australia, the United Kingdom, and internationally. The company operates through Americas; Europe, Middle East and Africa; and Asia Pacific segments. It offers integrated facilities management, project and development, portfolio administration, transaction management, and strategic consulting services; property management services, including client accounting, engineering and operations, lease compliance administration, project and development, tenant experience, residential property management, and sustainability services; self-performed facilities services, which include janitorial, maintenance, critical environment management, landscaping, and office services; and workplace and portfolio consulting services. The company also provides owner representation and tenant representation leasing services; capital market services, including investment sales and equity, and debt and structured financing for real estate purchase and sales transactions; and appraisal management, investment management, valuation advisory, portfolio advisory, diligence advisory, dispute analysis and litigation support, financial reporting, and property and/or portfolio valuation services on real estate debt and equity decisions. It serves real estate owners and occupiers, such as tenants, investors, and multi-national corporations. The company was founded in 1784 and is based in London, the United Kingdom.
Hudson Pacific Properties logo

Hudson Pacific Properties

NYSE:HPP
Hudson Pacific Properties (NYSE: HPP) is a real estate investment trust serving dynamic tech and media tenants in global epicenters for these synergistic, converging and secular growth industries. Hudson Pacific's unique and high-barrier tech and media focus leverages a full-service, end-to-end value creation platform forged through deep strategic relationships and niche expertise across identifying, acquiring, transforming and developing properties into world-class amenitized, collaborative and sustainable office and studio space.
Kennedy-Wilson logo

Kennedy-Wilson

NYSE:KW
Kennedy-Wilson Holdings, Inc., together with its subsidiaries, operates as a real estate investment company. The company owns, operates, and invests in real estate both on its own and through its investment management platform. It focuses on multifamily and office properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy, and Japan. The company had ownership interests in multifamily units, office space, retail and industrial space, and a hotel. It is involved in the development, redevelopment, and entitlement of real estate properties. Kennedy-Wilson Holdings, Inc. was founded in 1977 and is headquartered in Beverly Hills, California.
New World Development logo

New World Development

OTCMKTS:NDVLY
New World Development Company Limited, an investment holding company, operates in the property development and investment business in Hong Kong and Mainland China. Its property portfolio includes residential, retail, office, and industrial properties. The company also provides commercial aircraft leasing services; operates expressways; and constructs residential and commercial projects, as well as whole life, term, dread disease, medical, disability, and accident insurance products. In addition, it is involved in the duty-free operation and general trading, civil engineering, loyalty program, modern logistics, land development, marketing, promotion, fashion retailing and trading, and piling and ground investigation businesses; and development and operation of sports park. Further, the company manages Hong Kong convention and exhibition centre; operates toll roads, club houses, golf and tennis academies, and shopping malls; operates department stores; and provides information technology, endoscopic, healthcare, training course, ticketing, financial, project management and consultancy, retail and corporate sales, management, culture and recreation, advertising, building construction, estate agency, wellness and rehabilitation, endoscopic, carpark management, supply chain management, and catering services, as well as property management, business, and investment consultancy services. Additionally, it offers elderly residential places and services; property agency, management, and consultancy services; and undertakes foundation works. The company also invests in, owns, and operates hotel properties in Hong Kong, Mainland China, and the Southeast Asia. New World Development Company Limited was incorporated in 1970 and is headquartered in Central, Hong Kong.
Terreno Realty logo

Terreno Realty

NYSE:TRNO
Terreno Realty Corporation (Terreno, and together with its subsidiaries, the Company) acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, D.C. All square feet, acres, occupancy and number of properties disclosed in these notes to the consolidated financial statements are unaudited. As of December 31, 2023, the Company owned 259 buildings aggregating approximately 16.0 million square feet, 45 improved land parcels consisting of approximately 152.4 acres, seven properties under development or redevelopment and approximately 62.7 acres of land entitled for future development. The Company is an internally managed Maryland corporation and elected to be taxed as a real estate investment trust (REIT) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the Code), commencing with its taxable year ended December 31, 2010.