REIT – Diversified
(NNN) National Retail Properties Issues Public Offering
National Retail Properties Inc. (NNN) recently issued a public offering of 7 million shares at a price of $25.75 per share. As part of the offering, the company will provide a 30-day option to the underwriters for purchasing an additional 1.1 million shares. Consistent with its...
1Dec2011 | vitalstocks | 0 comments | Continued(CUZ) Cousins Properties Completes Promenade Acquisition
As part of the long-term strategy to upgrade its overall portfolio with newer high-quality assets, Cousins Properties Inc. (CUZ), a Georgia-based real estate investment trust (REIT), has recently completed the acquisition of Promenade Two – a 774,000 square-foot Class-A office...
30Nov2011 | vitalstocks | 0 comments | Continued(DRE) Duke Realty Second Quarter 2011 Earnings Scorecard
Duke Realty Corp (DRE) reported second quarter 2011 FFO (fund from operations) of $75.7 million or 29 cents per share, up from $40.7 million or 17 cents per share delivered in the year-ago quarter. Fund from operations, a widely used metric to gauge the performance of REITs,...
9Aug2011 | vitalstocks | 0 comments | Continued(EXL) Excel Trust Sells Assets
Excel Trust, Inc. (EXL), a real estate investment trust (REIT) primarily focusing on retail assets, has recently sold six ‘triple-net’ leased assets for $39.6 million, generating a net profit of approximately $3.0 million. A ‘triple net’ lease is one under which the tenant...
11Jul2011 | vitalstocks | 0 comments | Continued(FUR) Terreno Realty on Acquisition Spree
Terreno Realty Corporation (TRNO), a real estate investment trust (REIT), has recently acquired an industrial building each in Carlstadt, New Jersey, and Miami, Florida, for a combined purchase price of $11.7 million. Such continuous acquisition is part of the long-term strategy...
5Jul2011 | vitalstocks | 0 comments | Continued(FUR) Terreno Realty Purchases Savage, Maryland Property
Terreno Realty Corporation (TRNO), a real estate investment trust (REIT), has recently acquired an industrial building in Savage, Maryland, for approximately $7.5 million. The acquisition is part of the long-term strategy of the company to continue owning functional and flexible...
5Jul2011 | vitalstocks | 0 comments | Continued(EXL) Excel Trust Completes Share Offering
Excel Trust, Inc. (EXL) recently completed the public offering of 12.5 million shares of its common stock, which was previously announced. Apart from this, it also completed the sale of 1.875 million additional shares of its common stock thereby fully exercising the over allotment...
3Jul2011 | vitalstocks | 0 comments | Continued(PCL) U.S. New Home Sales Rise in June
New Home Sales rose 23.6% in June from May to a seasonally adjusted annual rate of 330,000. However, the May total was revised down sharply from a rate of 300,000 to 267,000. Thus, relative to where we thought we were, the increase was more like 10%. Relative to a year ago, sales...
27Jul2010 | vitalstocks | 0 comments | Continued(PCL) Plum Creek Timber 2010 First Quarter Earnings Scorecard
Plum Creek Timber Co. Inc. (PCL), a real estate investment trust (REIT) owning and managing timberlands in the U.S., reported fiscal 2010 first quarter recurring earnings of 47 cents per share that exceeded the Zacks Consensus Estimate by 9 cents. Below we will cover the results...
24May2010 | vitalstocks | 0 comments | Continued(PCL) U.S. Existing Home Sales Rise in March
Existing Home Sales rose 6.8% in March to a seasonally adjusted annual rate of 5.35 million. That rate is 16.1% higher than the 4.61 million rate of a year ago. The number was slightly better than the consensus expectations of a 5.29 million annual rate. Existing homes sales...
22Apr2010 | vitalstocks | 0 comments | Continued(DRE) Duke Realty Sells Assets to Joint Venture
Duke Realty Corp. (DRE), a real estate investment trust (REIT) engaged in owning, managing and developing industrial, health care and office properties across the U.S., recently sold three office buildings in Perimeter Park in Morrisville, North Carolina. The assets were sold...
18Apr2010 | vitalstocks | 0 comments | Continued(PCL) Plum Creek Timber Company – Analyst Estimates Continue Inching Higher
Plum Creek Timber Co. (PCL) has a Zacks #2 Rank. Its stock trades at 28.6x 2010 consensus EPS estimates and 26.1x 2011 consensus EPS estimates. Growth and Income Analysts estimate that Plum Creek Timber will grow its EPS at 10% annually for the next 3 to 5 years. The stock also...
13Apr2010 | vitalstocks | 0 comments | Continued(DRE) Duke Realty Corporation Offers 6.75% Senior Notes
Duke Realty Corp. (DRE), a real estate investment trust (REIT) engaged in owning, managing and developing industrial, health care and office properties across the U.S., recently announced an offering of $250 million aggregate principal amount of 6.75% senior unsecured notes due...
29Mar2010 | vitalstocks | 0 comments | Continued(PCL) Timberland Stocks: Why It’s Time to Knock on Wood for Profits
If you’re not following the money into timberland stocks, you should. Here’s why… Timberland has outperformed the S&P 500 since 1910. In recent history, timber has outperformed the market significantly. Since 1987, the NCREIF Timberland Index climbed by an average...
12Mar2010 | InvestmentU | 0 comments | Continued(CUZ) Cousins Properties’ Funds From Operations Plummets
Cousins Properties Inc. (CUZ), a real estate investment trust (REIT), reported dismal fourth quarter 2009 results, with FFO (fund from operations) of $7.3 million or 7 cents per share, compared to $10.2 million or 20 cents per share in the year-earlier quarter. Fund from operations,...
9Feb2010 | vitalstocks | 0 comments | Continued(PCL) Plum Creek Timber Company Beats Marginally
Plum Creek Timber Co. Inc. (PCL), a real estate investment trust (REIT) owning and managing timberlands in the U.S., reported fourth quarter earnings of $28 million or 17 cents per share, compared to $95 million or 57 cents per share in the year-earlier quarter. For full year...
2Feb2010 | vitalstocks | 0 comments | Continued(DRE) Duke Realty Corporation Fourth Quarter FFO Declines
Duke Realty Corp. (DRE), a real estate investment trust (REIT), reported FFO (fund from operations) of 33 cents and 4 cents per share in the fourth quarter and for full fiscal 2009, respectively, compared to 70 cents and $2.51 in the comparable periods in 2008. Fund from operations,...
28Jan2010 | vitalstocks | 0 comments | Continued(DRE) Duke Realty Corporation Renews Credit Facility
Duke Realty Corporation (DRE), a real estate investment trust (REIT) engaged in owning, managing and developing industrial, health care and office properties across the U.S, has recently renewed its unsecured revolving credit facility to enhance its operating flexibility in the...
23Nov2009 | vitalstocks | 0 comments | Continued(PCL) Plum Creek Timber Company Beats Estimates
Plum Creek Timber Co. Inc. (PCL), a real estate investment trust (REIT) owning and managing timberlands in the U.S., reported third quarter earnings of $19 million or 12 cents per share, compared to $69 million or 40 cents per share in the year-earlier quarter. Earnings results...
27Oct2009 | vitalstocks | 0 comments | Continued(CUZ) Cousins Announces Staff Layoffs
Cousins Properties Inc. (CUZ), a leading real estate investment trust (REIT), recently announced the layoff of 10% of its corporate staff to reduce costs amid the continued economic downturn. Fundamentals are declining in many of the company’s office markets as corporate expansion...
31Aug2009 | vitalstocks | 0 comments | Continued(PCL) Overvalued Timber REITs: Why Timber Investing Isn’t What It Used To Be
by David Fessler, Advisory Panelist Ten years ago, it would be hard to imagine a more stable investment than timber, or those Real Estate Investment Trusts (REITs) that bought millions of acres of harvestable trees. The 1990s were an ideal period to have timber as an investment: Housing...
19Aug2009 | InvestmentU | 0 comments | Continued