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NAV is defined as total assets minus total liabilities and is also reported on a per-share basis. Just on taxes, right? So, there's potential that capital gains taxes come down maybe this year, maybe next year. The Motley Fool has no position in any of the stocks mentioned. Robert Dodd -- Analyst Can you hear me?
Second quarter non-GAAP tax rate was 17.4%, compared to 20% in the prior quarter, due to the distribution of income earned across the jurisdictions, as well as non-recurring one-time items. We expect the tax rate for the quarter to be between 17% and 19% on a non-GAAP basis. in the prior quarter and 13.5% in the year-ago quarter.
increased 5%, reflecting a higher tax rate compared to a year ago. Our as-adjusted tax rate for the third quarter was 26%. The prior-year quarter included $215 million of discrete tax benefits, while the third quarter of 2024 was impacted by $22 million of discrete expense. Earnings per share of $11.46
Last week, Camden's board and executive management team rang the closing bell of the NewYorkStockExchange to celebrate Camden's 30th birthday as a public company. FFO yield and a 4.25% tax-adjusted cap rate generating an approximate 13% unleveraged IRR over our 25-year hold period. reduction in Texas taxes.
Accretion from the Zardoya transaction, share repurchases of $800 million, and optimization of a tax rate by 40 basis points drove an additional $0.12, which more than offset $0.04 of foreign exchange headwinds. We look forward to you joining us at our investor day at the NewYorkStockExchange on February 15.
As we celebrated our 10th anniversary at the NewYorkStockExchange with our near and dear investors and customers, we are now supporting over 10,000 customers with a cumulative of 100 million ports deployed worldwide. It really was great to see everyone at the NewYorkStockExchange IPO celebration event.
million benefit in G&A due to a tax refund that won't occur in future quarters. And last but not least, we held our first ever investor day in late June at the NewYorkStockExchange. I want to thank the NewYorkStockExchange and all of you who joined us. per share.
Finally, couple of weeks ago, Blue Owl Capital Corporation III or OBDE, successfully listed on the NewYorkStockExchange, delivering liquidity to those investors as promised. I'd like to end with a couple of comments on tax rates and FRE margins to set the stage for 2024 and beyond.
I am grateful for the board of Macerich selecting me at this time to chart a new direction and lead the company, especially in light of our recent 30-year listing celebration on the NewYorkStockExchange. The Motley Fool has no position in any of the stocks mentioned. Separate question is, on the dividend.
We had a negative working capital change, which is typical for the first quarter and is largely due to semi-annual interest payments on our debt, annual property tax payments, and payments under our compensation plans. Oxy began trading on the NewYorkStockExchange on March 3rd, 1964.
As a reminder, the event will be hosted from the NewYorkStockExchange. And then we have long-term ITCs, investment tax credits, from Canada for that low carbon investment. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
Before I hand the call over to Dax, I just want to remind everyone that we will be hosting our Capital Markets Day the morning of Wednesday, November 20, at the NewYorkStockExchange. We continue to actively manage our share-based compensation and related payroll taxes, which were $11.7
While Alex will provide a comprehensive overview of our 2023 financial results, our full year EPS came in at $7.74, which is above the midpoint of our initial and Q3 2023 guidance ranges and included the impact of the sale of our Section 45X tax credits and the impairment of our investment in Cubic PV.
Another $180 million positive contribution from accrued expenses and other liabilities. The Canadian banks right now, the big six Canadian banks, five of which are also cross traded, they're both traded on the NewYorkStockExchange as well as Canada. Plus treasuries are free of state and local income taxes.
Just three weeks ago, on April the 2nd, we completed GE Vernova's spin and launched GE Aerospace, ringing the bell at the NewYorkStockExchange after the successful spin of GE Healthcare last year. So, call it $100 million kind of post-taxes that, you know, our free cash should be up by that.
Excluding after-tax intangible asset amortization expense and special items for both periods, adjusted net earnings for the quarter were $7.4 Regarding taxes in the quarter, our effective tax rate was 23.9% Excluding special items, the effective tax rate was 16.6% Now, let's look at adjusted income before tax by segment.
We celebrated two milestones in 2024: our 10th anniversary of going public at the NewYorkStockExchange, and our 20th anniversary of founding. million, and our effective tax rate was 16.7%. Our effective tax rate is expected to be approximately 21.5% This resulted in net income for the quarter of $830.1
Learn more *Stock Advisor returns as of January 21, 2025 Please note that the company made a change in our accounting methodology for electric vehicle tax credits, as previewed in recent quarters. Figures for 2023 and 2024 presented under the new deferral method of accounting. Shifting gears a bit. Now, let's review results.
Shifting to 2025 goals, as we discussed in our NewYorkStockExchange event in June, our time has expanded to 70 billion in 2028. million, and our effective tax rate was 21.1%. Our effective tax rate is expected to be approximately 21.5% Other income and expense for the quarter was a favorable $85.3
Before I turn the call over to Matt, I'm very excited for our upcoming investor day, which we will be hosting at the NewYorkStockExchange on April 4th, starting at 9:00 a.m. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. Eastern Time.
We continue to actively manage our share-based compensation and related payroll taxes, which at $13.6 If anyone has any follow-up questions, we'll be around all day and we look forward to seeing everybody at the NewYorkStockExchange on March 26 for our Capital Markets Day. Thanks, everyone, for joining us today.
at the NewYorkStockExchange in NewYork City. I'm curious what you make of meditations and third-party tax checking. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. to 4:00 p.m. The event will also be webcast live.
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