REIT – Residential
(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...
(BRE) BRE Properties’ Fund From Operations Plummets
BRE Properties Inc. (BRE), a real estate investment trust (REIT) that operates apartment communities, has reported a...
(DHI) U.S. Homeownership Rate Falls Again
A smaller percentage of Americans owned their own homes in the 4th quarter of 2009 than at any time since 2000. In the 4th quarter 67.2% of Americans owned their own home, down from 67.6% in the third quarter and two full percentage points below the peak set in the fourth...
(AGNC) REIT Outlook & Stock Review – January 2010 – Industry Outlook
Real Estate Investment Trusts
The U.S. Real Estate Investment Trust (REIT) industry registered a strong recovery and year-end performance in 2009. The FTSE NAREIT Equity REIT Index reported total returns of 27.99% in 2009, vs. a 26.46% and 18.82% gain...
(UDR) REIT UDR Incorporated Pays Uninterrupted Dividend
UDR Inc. (UDR), a leading multifamily real estate investment trust (REIT), recently announced a quarterly dividend of 18 cents for the fourth quarter of 2009, payable in cash on Feb 1, 2010 to shareholders...
(UDR) UDR Repays Term Loan
UDR Inc. (UDR), a leading multifamily real estate investment trust (REIT), has recently repaid its term loan maturing in 2010 by utilizing proceeds from a new term loan and by drawing down its unsecured bank...
(EQR) Consumer Price Index Rose Moderately
The Bureau of Labor Statistics reported this morning that the Consumer Price Index (CPI) rose by 0.4% in November, following increases of 0.3% in October and 0.2% in September. Relative to a year ago, prices are up 1.8%. That is a big jump...
(BRE) BRE Properties’ Funds From Operations Declines
BRE Properties Inc. (BRE), a real estate investment trust (REIT) that operates apartment communities, has reported a decline in third quarter 2009 FFO (fund from operations)...
(EQR) Equity Residential Broadens Earnings Guidance
Equity Residential (EQR) yesterday reported revenues of $492.7 million, down 3.6% year over year.
On a same store basis (third quarter 2009 vs. third quarter 2008 comparison which includes 119,121 apartment...
(AGNC) Real Estate Investment Trusts – Positive Signals From Housing Market
Amid positive signals emanating from the uptick in housing prices and an improving outlook for consumer spending, the housing sector is gradually stabilizing. Both new and existing home sales have increased during the last four consecutive months and are now 32% and 17% above...
(AGNC) American Capital Agency Corporation Impresses
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 third quarter results despite challenging market conditions.
recently offered $500 million of medium-term unsecured notes to reduce its debt.
The company has decided...
(AIV) Apartment Investment and Management Company Continues to Sell Assets
Aimco Properties LP, a division of Apartment Investment and Management Co. (AIV), recently sold its Palencia Apartment Homes asset in Tampa for $23.3 million. This is the second multifamily sale in the region in 2009. The real estate investment trust plans...
(MAA) Mid-America Apartment Communities’ CFO to Retire
Mid-America Apartment Communities Inc. (MAA), a self-administered and self-managed real estate investment trust (REIT), recently announced the retirement of its CFO Simon Wadsworth as part of the long-term succession-planning program.
The...
(MAA) European Medicines Agency Accepts Merck’s Application
We are pleased to hear that the European Medicines Agency (EMEA) has agreed to review the Marketing Authorization Application (MAA) of Merck’s (MRK) vernakalant intravenous (IV). The company is seeking EMEA approval for the drug to address the unmet need...
(EQR) House Prices Actually Appear to be RISING
The Case-Schiller composite index of housing prices in 20 major metropolitan areas rose 0.7% on a seasonally adjusted basis in June, following an essentially unchanged reading in May. The not-seasonally-adjusted numbers were...
(MAA) The Medicines Company Withdraws MAA
Yesterday, The Medicines Company (MDCO) announced that it has withdrawn its European marketing authorization application (MAA) for the 200mg 3-7 day daily dose therapy of oritavancin.
The company is developing oritavancin, a novel, semi-synthetic lipoglycopeptide...
(FNM) Real Estate Investment Trusts (REIT) – Industry Outlook
Equity REITs rebounded nicely in the 2nd quarter, when equity REITs posted total returns of 29% (total return FTSE NAREIT Index), vs. a 15% gain for the S&P and an 11% gain for the Dow. So far in July, REITs are down about 8%; the worst performing sectors in July have...
(AVB) How to Invest in the Booming Real Estate Market…
by David Fessler, Advisory Panelist, Investment U
Friday, January 23, 2008: Issue #922
Investing in the booming real estate market… ?
Lest you think I’ve gone totally off my rocker, let me explain. Last night, I received an interesting phone...
(AGNC) American Capital Agency – reduced its risk profile and boosting its ROE
American Capital Agency Corp. (AGNC) has been publicly traded for less than a year, but the company’s early results are solid. The analyst community is bullish, with the next-year estimate projecting 64% earnings growth.
Company Description
American Capital...