REIT – Residential
(EQR) Used Home Prices Stabilize in July
In July, home prices were mixed on a seasonally adjusted basis. The Case-Schiller Composite 10 City index (C-10) fell a slight 0.12% on a seasonally adjusted basis, and is down 3.77% from a year ago. The broader Composite 20 City index (which includes the cities in the C-10)...
28Sep2011 | vitalstocks | 0 comments | Continued(EQR) Equity Residential Second Quarter Earnings Scorecard
Equity Residential (EQR) reported funds from operations (FFO) of $180.7 million in second quarter 2011 compared with $175.1 million in the year-ago quarter. FFO per share in the reported quarter remained flat year over year at 58 cents. Fund from operations, a widely used metric...
5Aug2011 | vitalstocks | 0 comments | Continued(BRE) BRE Properties Beats Estimates
BRE Properties Inc (BRE) reported second quarter 2011 funds from operations (FFO) of $34.9 million or 49 cents per share versus $28.9 million or 46 cents per share in the year-earlier quarter. Funds from operations, a widely used metric to gauge the performance of REITs, is obtained...
4Aug2011 | vitalstocks | 0 comments | Continued(AVB) Avalonbay Communities Buys Rockville Townhomes
Avalonbay Communities Inc. (AVB), a leading multifamily real estate investment trust (REIT), has recently expanded its portfolio with the acquisition of Yale Village Townhomes in Rockville, Maryland for $49.5 million. The purchase price for the 210 rental townhomes equates to...
30Jun2011 | vitalstocks | 0 comments | Continued(UDR) UDR Adds Asset at Record Price
UDR Inc. (UDR), a leading multifamily real estate investment trust (REIT), has recently acquired a luxury condo-turned-rental project in Washington DC, for $104 million or $670 per square foot – the highest price per square foot ever paid for a Class A rental property in the...
30Jun2011 | vitalstocks | 0 comments | Continued(MAA) Mid-America Apartment Communities Buys Assets in Florida
Mid-America Apartment Communities Inc. (MAA) recently completed the acquisition of a 279-unit luxury apartment community Tattersall at Tapestry Park, located in the Southeast sub-market of Jacksonville, Florida. The acquisition was funded by a combination of share offerings and...
29Jun2011 | vitalstocks | 0 comments | Continued(EQR) U.S. Home Prices Mixed – Good News
In April, home prices were mixed. The Case-Schiller Composite 10 City index (C-10) rose an ever-so-slight 0.01% on a seasonally adjusted basis, and is down 3.04% from a year ago. The broader Composite 20 City index (which includes the cities in the C-10) fell by 0.09% on the...
28Jun2011 | vitalstocks | 0 comments | Continued(SNH) Senior Housing Properties Trust Mulls Equity Offer
Senior Housing Properties Trust (SNH), a real estate investment trust (REIT) which primarily owns private pay senior living communities and medical office buildings across the U.S., has recently announced its decision to issue 6.5 million shares to repay its debt. The company...
28Jun2011 | vitalstocks | 0 comments | Continued(AGNC) Company News for June 28, 2011 – Corporate Summary
• Shares of online company Amazon.com, Inc. (NASDAQ:AMZN) gained 4.52% after analysts at Morgan Stanley (NYSE:MS) opined that the company’s fourth quarter profits and margins will outperform the Street’s expectations • Share prices of Icagen, Inc....
28Jun2011 | vitalstocks | 0 comments | Continued(AGNC) American Capital Agency Offers Shares
American Capital Agency Corp. (AGNC) recently issued a public offering of 43.2 million shares worth approximately $1.2 billion. The offering is expected to close on June 28, 2011. In a bid to cover over-allotments, the company will provide a 30-day option to the underwriters...
26Jun2011 | vitalstocks | 0 comments | Continued(EDR) Education Realty Trust Hikes Dividend
Education Realty Trust, Inc. (EDR) recently hiked its quarterly cash dividend by 2 cents to 7 cents per share. This translates into a massive 40% increase from the prior dividend. The increased dividend will be paid on August 16, 2011, to stockholders of record as on June 29,...
26Jun2011 | vitalstocks | 0 comments | Continued(UDR) UDR Raises Quarterly Dividend
UDR Inc. (UDR), a leading multifamily real estate investment trust (REIT), has recently increased its second quarter 2011 dividend from 18.5 cents to 20 cents. The quarterly dividend, payable in cash, would be paid on August 1, 2011 to shareholders of record as of July 11, 2011. The...
22Jun2011 | vitalstocks | 0 comments | Continued(MAA) Roche Holdings’ Skin Cancer Drug Impresses
Roche Holdings Ltd. (RHHBY) recently presented encouraging data from a phase III trial (BRIM 3) on BRAF V600 mutation-positive metastatic melanoma candidate, vemurafenib (RG7204, PLX4032), at the annual meeting of the American Society of Clinical Oncology (ASCO). The BRIM 3 study...
12Jun2011 | vitalstocks | 0 comments | Continued(UDR) UDR Reports 2011 First Quarter Mixed Results
UDR, Inc (UDR) reported first quarter 2011 FFO (fund from operations) of $56.8 million or 30 cents per share compared to $46.8 million or 28 cents in the year-earlier quarter. Funds from operations, a widely used metric to gauge the performance of REITs, is obtained after adding...
4May2011 | vitalstocks | 0 comments | Continued(ACC) Company News for March 28,2011 – Corporate Summary
• Deutsche Bank downgraded Research in Motion (NASDAQ:RIMM) to Sell from Hold rating after the company posted its fourth quarter results. The price target was also lowered from $60 to $50 • Citigroup upgraded Altera (NASDAQ:ALTR) to Buy from Hold • RW Baird upgraded...
28Mar2011 | vitalstocks | 0 comments | Continued(AGNC) American Capital Agency Announces Secondary Offering
American Capital Agency Corp. (AGNC), a leading real estate investment trust (REIT) that focuses on investments in mortgage pass-through securities and collateralized mortgage obligations (CMOs), has recently announced a secondary offering of 28 million common shares totaling...
23Mar2011 | vitalstocks | 0 comments | Continued(AGNC) American Capital Agency Corporation Announces Secondary Offeringg
American Capital Agency Corp. (AGNC), a leading real estate investment trust (REIT) that focuses on investments in mortgage pass-through securities and collateralized mortgage obligations (CMOs), has recently announced a secondary offering of 28 million common shares totaling...
22Mar2011 | vitalstocks | 0 comments | Continued(AVB) Real Estate Investment Trust Industry Outlook – October 2010 – Industry Outlook
The U.S. Real Estate Investment Trust (REIT) industry gained its momentum back in the fiscal 2010 third quarter, after lackluster results in the second quarter that was preceded by two strong back-to-back performances in first quarter 2010 and fourth quarter 2009. The FTSE NAREIT...
7Oct2010 | vitalstocks | 0 comments | Continued(UDR) Real Estate Investment Trust Outlook – July 2010 – Industry Outlook
The U.S. Real Estate Investment Trust (REIT) industry that witnessed two strong back-to-back performances in first quarter 2010 and fourth quarter 2009 somewhat lost its momentum in its fiscal 2010 second quarter. The FTSE NAREIT Equity REIT Index reported total returns of negative...
2Jul2010 | vitalstocks | 0 comments | Continued(AIV) Apartment Investment and Management Company Earnings Scorecard
Apartment Investment and Management Company (AIV) or Aimco, as the real estate investment trust (REIT) is popularly known, reported fiscal 2010 first quarter FFO (funds from operations) of 32 cents per share that exceeded the Zacks Consensus Estimate by 2 cents. Funds from operations,...
23May2010 | vitalstocks | 0 comments | Continued(ACC) American Campus Communities May Sell $150 Million Equity
American Campus Communities Inc. (ACC) announced the initiation of an at-the-market equity program on Thursday. Under the program, the company will be entitled to sell common stock with an aggregate offering price of up to $150 million on a discretionary basis. Bank of America...
21May2010 | vitalstocks | 0 comments | Continued(AGNC) American Capital Agency to Offer Common Shares
American Capital Agency Corp. (AGNC), a leading real estate investment trust (REIT), has recently announced plans to offer 6.0 million common shares at $25.75 each to raise cash. The company will also grant the underwriters an option to purchase an additional 0.9 million shares...
17May2010 | vitalstocks | 0 comments | Continued(MAA) Mid-America Apartment Communities Updates Earnings Guidance
Mid-America Apartment Communities Inc. (MAA), an apartment-only real estate investment trust (REIT), has recently provided an updated first quarter 2010 earnings guidance based on strong occupancy and better-than-expected fee income. The company currently expects first quarter...
21Apr2010 | vitalstocks | 0 comments | Continued(BRE) BRE Properties Offers Common Shares
BRE Properties (BRE), a leading real estate investment trust (REIT), has recently announced plans to offer 5 million common shares to raise cash and repay debt. The company will also grant the underwriters a 30-day option to purchase an additional 750,000 shares to cover any...
1Apr2010 | vitalstocks | 0 comments | Continued(BRE) BRE Properties Incorporated – Bear of the Day
Our long-term recommendation for BRE Properties (BRE) is Underperform as we anticipate it to perform well below the broader market. We expect continued volatility in the multifamily sector with increasing job cuts and decline in the market fundamentals. BRE Properties also has...
25Mar2010 | vitalstocks | 0 comments | Continued(UDR) UDR Fourth Quarter Funds From Operations Declines
UDR Inc. (UDR), a leading multifamily real estate investment trust (REIT), reported fourth quarter 2009 FFO (fund from operations) of $45.5 million or 28 cents per share compared to $58.3 million or 40 cents per share in the year-earlier quarter. FFO, a widely used metric to...
10Feb2010 | vitalstocks | 0 comments | Continued(AGNC) American Capital Agency Corporation’s Earnings Surge
American Capital Agency Corp. (AGNC), a real estate investment trust (REIT) that focuses on investments in mortgage pass-through securities and collateralized mortgage obligations (CMOs), reported strong fourth quarter 2009 results despite challenging market conditions. The company...
9Feb2010 | vitalstocks | 0 comments | Continued(AIV) Apartment Investment and Management Company Reports Modest Results
Apartment Investment and Management Company, or Aimco (AIV), as the real estate investment trust (REIT) is popularly known, reported fiscal 2009 fourth quarter funds from operations (FFO) of $30.2 million or $0.26 per share compared to FFO loss of $28.9 million or $0.32 per share...
5Feb2010 | vitalstocks | 0 comments | Continued(AVB) AvalonBay Communities’ Quarterly Funds From Operations Rises
AvalonBay Communities Inc. (AVB), a leading real estate investment trust (REIT), reported fiscal 2009 fourth quarter funds from operations (FFO) of $52.7 million or 64 cents per share, compared to $23.0 million or 30 cents in the year-earlier quarter. Fund from operations, a...
4Feb2010 | vitalstocks | 0 comments | Continued(EQR) Equity Residential REIT Sees Growth
Equity Residential (EQR), a leading real estate investment trust (REIT), reported fiscal 2009 fourth quarter funds from operations (FFO) of $126.9 million or 43 cents per share, compared to $79.1 million or 27 cents per share in the year-earlier quarter. Fund from operations,...
4Feb2010 | vitalstocks | 0 comments | Continued