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(NNN) National Retail Properties Issues Public Offering

vitalstocks — Thu, 01 Dec 2011 15:14:29 +0000

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 investment objectives and strategies, National Retail intends to utilize [...]

(NNN) National Retail Properties Issues Public Offering

(CUZ) Cousins Properties Completes Promenade Acquisition

vitalstocks — Wed, 30 Nov 2011 19:49:22 +0000

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 building in the Midtown submarket of Atlanta, Georgia, for $134.7 million in cash. The purchase [...]

(CUZ) Cousins Properties Completes Promenade Acquisition

(DRE) Duke Realty Second Quarter 2011 Earnings Scorecard

vitalstocks — Tue, 09 Aug 2011 19:22:36 +0000

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, is obtained after adding depreciation and amortization and [...]

(DRE) Duke Realty Second Quarter 2011 Earnings Scorecard

(EXL) Excel Trust Sells Assets

vitalstocks — Mon, 11 Jul 2011 15:55:05 +0000

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 pays all taxes, insurance, and maintenance for the properties, in addition to [...]

(EXL) Excel Trust Sells Assets

(FUR) Terreno Realty on Acquisition Spree

vitalstocks — Wed, 06 Jul 2011 00:03:06 +0000

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 of the company to take up functional and flexible buildings in infill locations that [...]

(FUR) Terreno Realty on Acquisition Spree

(FUR) Terreno Realty Purchases Savage, Maryland Property

vitalstocks — Tue, 05 Jul 2011 13:59:56 +0000

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 buildings in infill locations that can be modified to accommodate single and multiple tenants at [...]

(FUR) Terreno Realty Purchases Savage, Maryland Property

(EXL) Excel Trust Completes Share Offering

vitalstocks — Sun, 03 Jul 2011 19:27:41 +0000

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 option granted to the underwriters. Sold at a price of $10.94 [...]

(EXL) Excel Trust Completes Share Offering

(PCL) U.S. New Home Sales Rise in June

vitalstocks — Tue, 27 Jul 2010 13:29:39 +0000

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 were down 16.7% [...]

(PCL) U.S. New Home Sales Rise in June

(PCL) Plum Creek Timber 2010 First Quarter Earnings Scorecard

vitalstocks — Mon, 24 May 2010 21:12:37 +0000

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 of the recent earnings announcement, subsequent analyst estimate revisions [...]

(PCL) Plum Creek Timber 2010 First Quarter Earnings Scorecard

(PCL) U.S. Existing Home Sales Rise in March

vitalstocks — Thu, 22 Apr 2010 21:26:23 +0000

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 are recorded at the time of closing, [...]

(PCL) U.S. Existing Home Sales Rise in March

(DRE) Duke Realty Sells Assets to Joint Venture

vitalstocks — Mon, 19 Apr 2010 01:44:14 +0000

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 to a joint venture formed between Duke Realty and CB Richard Ellis Realty Trust [...]

(DRE) Duke Realty Sells Assets to Joint Venture

(PCL) Plum Creek Timber Company – Analyst Estimates Continue Inching Higher

vitalstocks — Tue, 13 Apr 2010 14:52:26 +0000

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 offers investors a fat [...]

(PCL) Plum Creek Timber Company – Analyst Estimates Continue Inching Higher

(DRE) Duke Realty Corporation Offers 6.75% Senior Notes

vitalstocks — Mon, 29 Mar 2010 17:26:21 +0000

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 Mar 15, 2020. The net proceeds from the offering would be primarily used to [...]

(DRE) Duke Realty Corporation Offers 6.75% Senior Notes

(PCL) Timberland Stocks: Why It’s Time to Knock on Wood for Profits

InvestmentU — Fri, 12 Mar 2010 18:43:31 +0000

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 of 15% per year, compared to roughly 11% for the S&P 500. Such strong outperformance [...]

(PCL) Timberland Stocks: Why It’s Time to Knock on Wood for Profits

(CUZ) Cousins Properties’ Funds From Operations Plummets

vitalstocks — Tue, 09 Feb 2010 21:24:02 +0000

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, a widely used metric to gauge the performance of REITs, [...]

(CUZ) Cousins Properties’ Funds From Operations Plummets

(PCL) Plum Creek Timber Company Beats Marginally

vitalstocks — Wed, 03 Feb 2010 01:33:56 +0000

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 2009, the company reported earnings of $236 million [...]

(PCL) Plum Creek Timber Company Beats Marginally

(DRE) Duke Realty Corporation Fourth Quarter FFO Declines

vitalstocks — Thu, 28 Jan 2010 21:19:14 +0000

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, a widely used metric to gauge the [...]

(DRE) Duke Realty Corporation Fourth Quarter FFO Declines

(DRE) Duke Realty Corporation Renews Credit Facility

vitalstocks — Tue, 24 Nov 2009 06:06:27 +0000

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 current credit-constrained market. The credit facility, which was originally scheduled to mature in Jan 2010, [...]

(DRE) Duke Realty Corporation Renews Credit Facility

(PCL) Plum Creek Timber Company Beats Estimates

vitalstocks — Wed, 28 Oct 2009 03:47:10 +0000

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 beat the Zacks Consensus Estimate by 4 cents. During [...]

(PCL) Plum Creek Timber Company Beats Estimates

(CUZ) Cousins Announces Staff Layoffs

vitalstocks — Mon, 31 Aug 2009 20:39:52 +0000

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 continues to slow. More and more corporations are putting off leasing decisions until [...]

(CUZ) Cousins Announces Staff Layoffs

(PCL) Overvalued Timber REITs: Why Timber Investing Isn’t What It Used To Be

InvestmentU — Wed, 19 Aug 2009 23:14:33 +0000

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 was doing well, and growth was beginning [...]

(PCL) Overvalued Timber REITs: Why Timber Investing Isn’t What It Used To Be