North European Oil Royalty Trust
Change company Symbol lookup
Select an option...
NRT North European Oil Royalty Trust
LTC LTC Properties Inc
BAC Bank of America Corp
ENVB Enveric Biosciences Inc
BKE Buckle Inc
ROP Roper Technologies Inc
OGE OGE Energy Corp
ASB-E Associated Banc-Corp
LI Li Auto Inc

Energy : Oil, Gas & Consumable Fuels | Small Cap Growth
Company profile

North European Oil Royalty Trust (the Trust) is a grantor trust which, on behalf of the owners of units of beneficial interest in the Trust (the unit owners), holds overriding royalty rights covering gas and oil production in certain concessions or leases in the Federal Republic of Germany. The rights are held under contracts with local German exploration and development subsidiaries of ExxonMobil Corp. (ExxonMobil) and the Royal Dutch/Shell Group of Companies (Royal Dutch/Shell Group). Under these contracts, the Trust receives various percentage royalties on the proceeds of the sales of certain products from the areas involved. Its royalties are received for sales of gas well gas, oil well gas, crude oil, condensate and sulfur. The Trust conducts no active business operations and is restricted to collection of income from royalty rights and distribution to unit owners of the net income after payment of administrative and related expenses.

Day's Change
-0.1094 (-0.89%)
B/A Size
Day's High
Day's Low

Today's volume of 18,441 shares is on pace to be much lighter than NRT's 10-day average volume of 176,639 shares.


MetLife Investment Management Achieves 40% Growth in Total Agricultural Mortgage Loan Assets Under Management Over Five-year Period

8:00 am ET March 16, 2023 (BusinessWire) Print

MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSE: MET), announced today that it originated $4.0 billion in agricultural mortgage loans across over 400 notes in 2022. MIM's total agricultural mortgage loan assets under management reached $21.6 billion,(1) up 40% over the five-year period ending December 31, 2022. MIM maintained its position as the largest, non-governmental sponsored source of agricultural mortgage capital for the sector.(2)

"In 2022, agricultural producers benefited from high commodity prices that solidified their financial positions," said Robert Merck, global head of Real Estate and Agriculture at MetLife Investment Management. "MIM is proud to have been able to continue our support of these critical agriculture producers' growth and stability last year. We strongly value our lending relationships, many of which have been forged over decades, and look forward to continuing our role as a key capital source for agricultural mortgage lending."

"MIM's team, with deep relationships and an extensive network in local communities, worked to support our borrowers in their acquisition and expansion of prime farm and ranch lands, timberlands and food and agribusiness operations," said Greg Gallaway, head of MIM's Agricultural Strategies group, "Our continued strong origination volume reflects the team's commitment to deliver bespoke financial solutions to our borrowers. We remain committed to providing capital to producers that support the needs of a growing global population."

Highlights of MIM's 2022 agricultural lending transactions(3) include:

Biagi & Associates, LLC

$70 million fixed rate financing with a 15-year term Secured by 650,000 square foot temperature-controlled wine storage warehouse located in American Canyon, Calif., in the heart of Napa Valley Biagi Bros, Inc. (BBI), a related party, offers both inter- and intra-state common carrier services with a fleet of more than 270 trucks making BBI an integral part of the national beverage supply chain in the United States

Farmland Partners Inc. (FPI)

$75 million variable revolving line of credit financing with a five-year term Secured by 12,000 acres of farmland in Illinois FPI is a publicly traded, internally managed REIT that seeks to acquire high-quality farmland throughout North America. The land is leased to farmers, who collectively grow 26 different crop types As of December 31, 2022, FPI owns/manages approximately 196,100 acres of farmland in 19 states

Toor Farming LLC

$126 million ARM financing transaction with a 20-year term and a $10 million revolving line of credit financing with a 10-year term Secured by over 8,375 acres in the San Joaquin Valley Toor Farming grows a combination of permanent crops including almonds, pistachios, walnuts and wine grapes

Grupo Heras

$35 million fixed-rate financing with a 15-year term loan Secured by over 3,700 acres and two packing facilities in Sonora, Mexico Third-generation family-owned business that started operations in the 1960s Grows and processes zucchini, Brussels sprouts and table grapes Dedicated to meet demands of supermarkets in the highest per capita markets in the U.S., their products are now in Costco, Whole Foods and Trader Joe's

Gateway Arch Timber, LLC

$100 million variable revolving line of credit financing with a 10-year term Secured by over 94,000 acres across nine states in the southern U.S. Part of the loan will be used to finance future timberland acquisitions Operates with the stewardship priorities and sustainability principles of the Sustainable Forestry Initiative

About MetLife Investment Management

MetLife Investment Management, the institutional asset management business of MetLife, Inc. (NYSE: MET), is a global public fixed income, private capital and real estate investment manager providing tailored investment solutions to institutional investors worldwide. MetLife Investment Management provides public and private pension plans, insurance companies, endowments, funds and other institutional clients with a range of bespoke investment and financing solutions that seek to meet a range of long-term investment objectives and risk-adjusted returns over time. MetLife Investment Management has over 150 years of investment experience and, as of December 31, 2022, had $579.8 billion in total assets under management.(4)

About MetLife

MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (MetLife), is one of the world's leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 markets and holds leading positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit

Forward-Looking Statements

The forward-looking statements in this news release, using words such as "continue," "look forward," "remain" and "seek," are based on assumptions and expectations that involve risks and uncertainties, including the "Risk Factors" MetLife, Inc. describes in its U.S. Securities and Exchange Commission filings. MetLife's future results could differ, and it does not undertake any obligation to publicly correct or update any of these statements.

End Notes

As of December 31, 2022. Total agricultural mortgage loan AUM represents the value of all agricultural mortgage loans managed by MIM, at estimated fair value, presented on the basis of net asset value (net of encumbering debt). Based on publicly available data as of December 31, 2022, that includes publicly disclosed financial reports from lenders, in addition to American Bankers Association data. These transactions are meant to provide representative examples in this strategy for 2022 and have not been selected to highlight past specific profitable recommendations made by MIM. Total AUM is comprised of all MetLife general account and separate account assets and unaffiliated/third party assets, at estimated fair value, managed by MIM.

View source version on

SOURCE: MetLife Investment Management

For Media:

Dave Franecki

Shree Dhond
comtex tracking


Earnings Calendar and Events Data provided by |Terms of Use| © 2023 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., ,, and

Copyright © 2023. All rights reserved.