REIT – Industrial
(PLD) The Going Gets Tough for Programmable Logic Devices This Christmas
Programmable Logic Devices (PLD) maker Altera Corporation (ALTR) recently slashed its revenue guidance for the fourth quarter of 2011. Altera now expects revenues in the fourth quarter to decline by 13% to 16% on a sequential basis, compared to the previous guidance of 7% –...
15Dec2011 | vitalstocks | 0 comments | Continued(PLD) Prologis Fully Leases Phoenix Property
Prologis Inc. (PLD), a leading industrial real estate investment trust (REIT), has recently fully leased ‘Prologis Tolleson Distribution Center 1’ – a 302,600 square foot warehouse property in Tolleson, Arizona, to an unnamed retailer for an undisclosed amount. The leased...
30Nov2011 | vitalstocks | 0 comments | Continued(PLD) Prologis Leases in the Netherlands
Prologis Inc. (PLD), a leading industrial real estate investment trust (REIT), has recently signed a lease agreement spanning 540,000 square feet of its development portfolio in the Netherlands with Syncreon, a worldwide logistics service provider, for an undisclosed amount....
30Nov2011 | vitalstocks | 0 comments | Continued(PSA) Public Storage Beats Earnings Forecasts Handsomely
Public Storage (PSA), a leading real estate investment trust (REIT) operating self-storage facilities, reported third quarter 2011 FFO (funds from operations) of $1.29 per share, compared with $1.69 in the year-earlier quarter. Fund from operations, a widely used metric to gauge...
7Nov2011 | vitalstocks | 0 comments | Continued(FR) Fitch Upgrades First Industrial Realty Trust Credit Rating
Fitch Ratings, the global credit rating firm, has recently upgraded the credit rating of First Industrial Realty Trust, Inc. (FR), a real estate investment trust (REIT), based on its improved long-term credit profile and strong liquidity. The company is currently rated as “BB”,...
27Jun2011 | vitalstocks | 0 comments | Continued(PLD) Prologis Prices Equity Offer
Prologis Inc. (PLD) – the erstwhile AMB Property Corp., has priced its equity offer of 30.0 million common shares at $33.50 each. The secondary offering was announced recently as part of its strategic initiative to raise cash and repay debt. The company has also decided to...
24Jun2011 | vitalstocks | 0 comments | Continued(PLD) Secondary Offering from Prologis
Prologis Inc. (PLD) – the erstwhile AMB Property Corp., has recently announced plans to offer 30.0 million common shares to raise cash and repay debt. The company will also grant the underwriters an option to purchase an additional 4.5 million shares to cover any over-allotments. BofA...
23Jun2011 | vitalstocks | 0 comments | Continued(PLD) Prologis Analyst Downgrades to Underperform
We have recently lowered our long-term recommendation on Prologis Inc. (PLD) – the erstwhile AMB Property Corp., from Neutral to Underperform primarily driven by macroeconomic issues that have contributed to a slower pace of recovery of the industrial real estate sector. Prologis,...
20Jun2011 | vitalstocks | 0 comments | Continued(PSA) Public Storage Quarterly Report Misses Estimates
Public Storage (PSA), a leading real estate investment trust (REIT) operating self-storage facilities, reported first quarter 2011 FFO (funds from operations) of $1.48 per share, compared with $0.78 in the year-earlier quarter. Fund from operations, a widely used metric to gauge...
9May2011 | vitalstocks | 0 comments | Continued(AMB) AMB Property Leases Build-to-Suit Property
AMB Property Corp. (AMB), a real estate investment trust (REIT), has recently leased about 219,600 square feet of space in its build-to-suit property in Chengdu in western China, for an undisclosed amount. The lessee was Deppon Express Co., Ltd, one of the premier logistics companies...
13Apr2011 | vitalstocks | 0 comments | Continued(PLD) ProLogis Rejects Bid for ProLogis European Properties
ProLogis (PLD), one of the leading global providers of distribution facilities rejected a bid for a 33.1% ownership stake in ProLogis European Properties (PEPR) by investor group APG Algemene Pensioen Groep N.V. (APG) and Goodman Group on behalf on an undisclosed consortium. ProLogis...
13Apr2011 | vitalstocks | 0 comments | Continued(PSA) Public Storage Quarterly Report Beats Estimates
Public Storage (PSA), a top real estate investment trust (REIT) operating self-storage facilities, reported fourth quarter 2010 FFO (funds from operations) of $1.33 per share, compared with $1.27 in the year-earlier quarter. Fund from operations, a widely used metric to gauge...
3Mar2011 | vitalstocks | 0 comments | Continued(SSS) Restaurant Industry Stock Review – January 2011 – Industry Outlook
The restaurant industry finally appears well positioned for gradual improvement in the first half of 2011. The industry had been depressed by extremely tough challenges since the end of 2009 from the economic turmoil that resulted in weak labor and tight credit markets, resulting...
11Jan2011 | vitalstocks | 0 comments | Continued(SSS) Restaurant Industry Review – August 2010 – Industry Outlook
The second half of 2010 should continue to bring gradual improvements to restaurant industry fundamentals. The industry faced extremely tough challenges through the end of 2009 due to the economic turmoil that resulted in weak labor and tight credit markets, resulting in lower...
5Aug2010 | vitalstocks | 0 comments | Continued(AMB) AMB Property Corporation – Bear of the Day
We are changing our long-term recommendation for AMB Property (AMB) to Underperform from Neutral as we anticipate the stock to perform well below the broader market. Fiscal 2010 earnings estimates were reduced by 11 out of 13 analysts covering the stock, while none increased...
4Aug2010 | vitalstocks | 0 comments | Continued(PLD) ProLogis Signs Leasing Deals
ProLogis (PLD), a leading global provider of distribution facilities, has recently signed two new leasing agreements spanning about 723,000 square feet of its development portfolio in Europe. About 530,000 square feet of space were leased to ASOS, the largest independent online...
6Jul2010 | vitalstocks | 0 comments | Continued(AMB) AMB Property Leases 127,700 in New Jersey
AMB Property Corp. (AMB), a leading real estate investment trust (REIT), has recently leased approximately 127,700 square feet of its development portfolio in New Jersey. The unnamed lessees will occupy the space in AMB Franklin Commerce Center, bringing the 366,900 square feet...
25May2010 | vitalstocks | 0 comments | Continued(AMB) AMB Property Corporation Makes New Leases in Germany
AMB Property Corp. (AMB), a leading real estate investment trust (REIT), has recently leased approximately 191,400 square feet of its development portfolio in Hamburg, Germany. The unnamed lessee – a leading forwarding and logistics provider, would occupy the space in AMB Hausbruch...
27Apr2010 | vitalstocks | 0 comments | Continued(PLD) ProLogis Closes $122 Million in Japanese Financing
ProLogis (PLD), one of the leading global providers of distribution facilities, has recently obtained $122 million (11.5 billion yen) of secured financing to repay its debt. The financing was obtained through two “tokutei mokuteki kaisha” (TMK) bonds, a tax-favored,...
19Apr2010 | vitalstocks | 0 comments | Continued(AMB) AMB Property to Offer 15.8 Million Common Shares to Repay Debt
AMB Property Corp. (AMB), a leading real estate investment trust (REIT), has recently announced plans to offer 15.8 million common shares at $27.50 each to raise cash and repay debt. The company will also grant the underwriters an option to purchase an additional 2.4 million...
8Apr2010 | vitalstocks | 0 comments | Continued(AMB) AMB Property Corporation Leases Property in Mexico
AMB Property Corp. (AMB), a leading real estate investment trust (REIT), has recently leased approximately 105,000 square feet of its development portfolio in Tijuana, Mexico. The lessee, Arauco Distribucion Mexico — the Mexican subsidiary of Arauco, a wood pulp and forestry...
7Apr2010 | vitalstocks | 0 comments | Continued(PSA) Public Storage to Acquire Thirty Self-Storage Facilities
Public Storage (PSA), a real estate investment trust (REIT), has recently announced plans to acquire 30 self-storage facilities spanning across 1.9 million square feet of space for $189 million Incorporatedluding debt assumption of approximately $126 million. About 28 of the...
5Apr2010 | vitalstocks | 0 comments | Continued(AMB) AMB Property Signs Leases in Pennsylvania
AMB Property Corp. (AMB), a leading real estate investment trust (REIT), has recently signed leasing agreements for approximately 202,200 square feet at AMB I-81 Distribution Center in Harrisburg, Pennsylvania, amid signs of market stabilization. The deal was signed with a leading...
29Mar2010 | vitalstocks | 0 comments | Continued(PLD) ProLogis Signs Distribution Facility Leases in Mexico
ProLogis (PLD), a leading global provider of distribution facilities, recently signed 3 new lease agreements spanning about 168,000 square feet of its development portfolio in Mexico. The continued leasing activities show signs of stabilization in the industrial property market...
19Mar2010 | vitalstocks | 0 comments | Continued(AMB) AMB Property Aims at Mexico Pension Funds
AMB Property Corp. (AMB), a leading real estate investment trust (REIT), recently announced plans to offer a new commercial real estate fund in Mexico that aims to attract investment from private pension administrators, locally known as Afores. AMB had sought the permission of...
9Mar2010 | vitalstocks | 0 comments | Continued(PLD) ProLogis to Buy Back $540 Million in Notes
ProLogis (PLD), a leading global provider of distribution facilities, recently launched a cash tender offer to buy back notes with outstanding principal totaling over $540 million. The offer includes 5.5% notes due Apr 2012 and 5.5% notes due Mar 2013, with approximately $281...
9Mar2010 | vitalstocks | 0 comments | Continued(PLD) ProLogis Announces New Solar Project
ProLogis (PLD), a leading global provider of distribution facilities, recently announced a new rooftop solar project in Portland. On completion, the project spanning 90,000 square feet of roof space and generating about 2.4 megawatts (MW) of energy would be the largest rooftop...
4Mar2010 | vitalstocks | 0 comments | Continued(PLD) ProLogis Increases Stake in ProLogis European Properties
ProLogis (PLD), a leading global provider of distribution facilities, recently increased its stake in ProLogis European Properties (PEPR), the largest owner of modern distribution facilities in Europe. Operating as a real estate closed-ended investment fund, PEPR is externally...
1Mar2010 | vitalstocks | 0 comments | Continued(PSA) Public Storage’s Revenues Plummet
Public Storage (PSA), a real estate investment trust (REIT) operating self-storage facilities, reported a decline in total revenues for fourth quarter 2009 to $402.9 million, compared to $416.8 million in the year-earlier quarter. For full year 2009, total revenues were $1.6...
1Mar2010 | vitalstocks | 0 comments | Continued(PLD) ProLogis to Increase Stake in ProLogis European Properties
ProLogis (PLD), a leading global provider of distribution facilities, has recently announced plans to increase its stake in ProLogis European Properties (PEPR), the largest owner of modern distribution facilities in Europe. Operating as a real estate closed-ended investment fund,...
16Feb2010 | vitalstocks | 0 comments | Continued