PICO HOLDINGS INC. overview

Vidler Water Resources, Inc. announced its reported results for the first quarter ended March 31, 2021. Our reported shareholders’ equity was $177.9 million ($9.63 per share) at March 31, 2021, compared to $178.3 million ($9.59 per share) at December 31, 2020. First Quarter Results of Operations Our fourth quarter results of operations were as follows (in thousands): Three Months Ended March 31, 2021 2020 Total revenue $ 2,933 $ 229 Total cost and expenses 2,219 2,040 Income (loss) from...

Vidler Water Resources, Inc. announced that it has entered into an agreement to lease up to 1,926 acres of its land in Maricopa and La Paz Counties in Arizona to an affiliate of one of the world’s largest producers of wind and solar energy. The agreement is structured as an option for up to five years to lease up to 1,926 acres for $500 per acre per year for 26 years with two five-year options to extend the lease. The agreement also provides for a lease rate increase of 2% per annum over the...

PICO Holdings, Inc. announced that its Board of Directors has amended the Company’s Certificate of Incorporation and Bylaws and changed the name of the Company to Vidler Water Resources, Inc. with effect from March 8, 2021. The Company also announced, concurrent with the change of name of the corporation, it has changed its ticker symbol to VWTR on the Nasdaq Global Market, effective March 9, 2021. The Company also announced its reported results for the fourth quarter ended December 31, 2020....

PICO Holdings, Inc. (NASDAQ:PICO) reported results for the third quarter ended September 30, 2020. Our reported shareholders’ equity was $170.0 million ($9.05 per share) at September 30, 2020, compared to $178.3 million ($9.01 per share) at December 31, 2019. Third Quarter Results of Operations Our third quarter results of operations were as follows (in thousands): Three Months Ended September 30, 2020 2019 Total revenue $ 2,072 $ 4,255 Total cost and expenses 2,220 2,876 Net income (loss)...

PICO Holdings, Inc. (NASDAQ:PICO) reported results for the second quarter ended June 30, 2020. Our reported shareholders’ equity was $172.3 million ($9.06 per share) at June 30, 2020, compared to $178.3 million ($9.01 per share) at December 31, 2019. Second Quarter Results of Operations Our second quarter results of operations were as follows (in thousands): Three Months Ended June 30, 2020 2019 Total revenue $ 3,845 $ 2,663 Total cost and expenses 1,981 3,781 Net income (loss) attributable to...

PICO Holdings, Inc. (NASDAQ:PICO) (the “Company”) announced today that its Board of Directors has adopted a new tax benefits preservation plan (the “Plan”) designed to preserve the Company’s ability to utilize its net operating losses (“NOLs”). The Company will seek shareholder ratification of the Plan at PICO’s 2021 Annual Meeting. As of December 31, 2019, the Company had approximately $156.5 million (pre-tax) federal NOLs. The Plan is similar to the Company's previous tax...

PICO Holdings, Inc. (NASDAQ:PICO) (the “Company”) announced today its intention to voluntarily delist the Company’s Series A Junior Participating Preferred Stock Purchase Rights (the “Rights”) from the NASDAQ Stock Market LLC (“NASDAQ”) due to the upcoming expiration of that certain Section 382 Rights Agreement between the Company and Computershare Trust Company, N.A. dated July 24, 2017 (the “Rights Agreement”). The Rights Agreement will expire at 5:00 P.M. New York City time...

PICO Holdings, Inc. (NASDAQ:PICO) reported results for the first quarter ended March 31, 2020. Our reported shareholders’ equity was $173.3 million ($8.94 per share) at March 31, 2020, compared to $178.3 million ($9.01 per share) at December 31, 2019. First Quarter Results of Operations Our first quarter results of operations were as follows (in thousands): Three Months Ended March 31, 2020 2019 Total revenue $ 229 $ 12,120 Total cost and expenses 2,040 5,436 Gain (loss) from operations before...