REIT – Retail
(PSB) PS Business Parks – Bull of the Day
PS Business Parks (PSB) reported strong third quarter 2011 results with healthy year-over-year increase in revenue and earnings. PS Business Parks owns and operates commercial real estate properties in diversified markets, which can be easily configured to suit a variety of uses...
12Dec2011 | vitalstocks | 0 comments | Continued(DDR) DDR Corporation-Glimcher Realty Trust Completes Asset Swap
DDR Corp. (DDR), a real estate investment trust (REIT), has recently completed the asset swap transaction that was announced earlier in September 2011 with one of its peers Glimcher Realty Trust (GRT). The asset swap was part of the respective corporate strategy to better align...
9Dec2011 | vitalstocks | 0 comments | Continued(NRF) Party Time for Retailers
The Thanksgiving weekend brought record sales for retailers who went on to post better-than-expected November comparable-store sales and are now padding up for the holiday season. Does this indicate that the retail party has just begun? Early hours store openings, huge discounts,...
6Dec2011 | vitalstocks | 0 comments | Continued(FRT) Federal Realty Investment Trust Closes New Term Loan
Federal Realty Investment Trust (FRT) recently announced the closing of a new unsecured term loan worth $275 million. The loan bears interest at an annual rate of LIBOR plus 145 basis points and is expected to mature in November 2018. Federal Realty also has an option of increasing...
30Nov2011 | vitalstocks | 0 comments | Continued(SKT) Tanger Factory Outlet Centers Partners With RioCan to Buy Assets
Tanger Factory Outlet Centers, Inc (SKT) and RioCan Real Estate Investment Trust entered into an agreement to jointly acquire Cookstown Outlet Mall for C$62 million or $59.2 million. Cookstown Outlet Mall is located approximately 50 km north of the Greater Toronto Area (GTA)...
28Nov2011 | vitalstocks | 0 comments | Continued(RPI) Restaurant Industry Stock Review – November 2011 – Industry Outlook
The restaurant industry is showing improvements and seems poised for long-term growth, but concerns about the health of the U.S. economy and the nagging sovereign debt issues in Europe pose some risks to this outlook. However, if we look back at the last few months, restaurant...
23Nov2011 | vitalstocks | 0 comments | Continued(CLI) Mack-Cali Realty to Build Wyndham Facility
Mack-Cali Realty Corp.(CLI) recently announced the development of a 203,000-square-foot class A office building for Wyndham Worldwide Corporation (WYN) in Parsippany, New Jersey. This transaction will allow the hospitality company to consolidate its New Jersey-based workforce...
16Aug2011 | vitalstocks | 0 comments | Continued(NRF) U.S. Retail Sales Industry Stock Outlook – August 2011 – Industry Outlook
A Glimpse at Fiscal 2010 Fiscal 2010 for retailers was a year of continuous process of streamlining and assimilating internal processes. With this priority in mind, retailers concentrated more on aligning inventories, improving efficiencies and spending on technology, which led...
10Aug2011 | vitalstocks | 0 comments | Continued(RPI) Restaurant Industry Stock Review – July 2011 – Industry Outlook
The restaurant industry is finally showing improvements and seems poised for long-term growth. Riding on the back of a slowly reviving U.S. economy and the consequent rise in comparable-store sales, restaurant operators have managed to post improved results in recent months....
29Jul2011 | vitalstocks | 0 comments | Continued(HIW) Highwoods Properties Renews Lease
Highwoods Properties, Inc. (HIW), a real estate investment trust, recently renewed its lease at 2635 Century Center in Atlanta with the General Services Administration (GSA) on behalf of the Federal Bureau of Investigation (FBI). Highwoods’ property at the 2635 Century Center...
11Jul2011 | vitalstocks | 0 comments | Continued(DDR) Developers Diversified Realty Divests Assets Worth $87 Million
Developers Diversified Realty Corporation (DDR) recently divested 12 non-prime assets and 4 land parcels for $112 million, of which the company’s share was $87 million. Developers Diversified sold non-strategic assets to improve its portfolio demographics and increase liquidity....
7Jul2011 | vitalstocks | 0 comments | Continued(REG) Regency Centers Acquires Minneapolis Mall
Regency Centers Corp. (REG), a leading operator and developer of grocery-anchored and community shopping centers across the U.S., has recently acquired Calhoun Commons – a 66,150 square foot mall in downtown Minneapolis, for $21 million. The property was purchased from its...
6Jul2011 | vitalstocks | 0 comments | Continued(DDR) Developers Diversified Realty Corporation Refinances Secured Term Loan
Developers Diversified Realty Corporation (DDR), a real estate investment trust (REIT), has recently refinanced its existing secured term loan facility worth $550 million with a new $500 million senior secured term loan. At the same time, the company amended its two senior unsecured...
1Jul2011 | vitalstocks | 0 comments | Continued(SKT) Tanger Factory Outlet Centers Issues Public Offering
Tanger Factory Outlet Centers, Inc. (SKT) recently issued 4 million common shares to a sole underwriter in an underwritten public offering. In a bid to cover over-allotments, the company will provide a 30-day option to the underwriter for purchasing an additional 600,000 shares. Tanger...
30Jun2011 | vitalstocks | 0 comments | Continued(SKT) Tanger Factory Outlet Centers Acquires Tanger Factory Outlet Centers
Tanger Factory Outlet Centers, Inc. (SKT) recently acquired Prime Outlets at Jeffersonville from Ohio Factory Stores Partnership, a subsidiary of Simon Property Group Inc. (SPG) for approximately $134 million. The acquisition was funded with borrowings under the company’s...
29Jun2011 | vitalstocks | 0 comments | Continued(VNO) Vornado Realty Trust Shares in Toys ‘R’ Us Loss
Vornado Realty Trust (VNO), a leading real estate investment trust (REIT), has recently announced its share of first quarter 2011 financial results of Toys ‘R’ Us – a leading global retailer of dedicated toys and baby products. Vornado Realty, which currently owns about...
27Jun2011 | vitalstocks | 0 comments | Continued(TCO) Taubman Centers Prices Equity Offer
Taubman Centers Inc. (TCO), a real estate investment trust (REIT), has priced its equity offer of 1.75 million common shares announced recently at $56.50 each. The secondary offering is part of its strategic initiative to raise cash and repay debt. Taubman has also decided to...
21Jun2011 | vitalstocks | 0 comments | Continued(REG) Regency Centers Corporation Leases in Florida
Regency Centers Corporation (REG) recently leased 2650 square feet of restaurant space in Brandon, Florida at Bloomingdale Square to Chipotle Mexican Grill, Inc (CMG). The tenant is expected to start business in the fall of 2011. Chipotle Mexican operates quick-casual, fresh...
20Jun2011 | vitalstocks | 0 comments | Continued(TCO) Taubman Centers Makes Secondary Offering
Taubman Centers Inc. (TCO), a real estate investment trust (REIT), has recently announced a secondary offering of 1.75 million common shares to raise cash and repay debt. The company will also grant The Goldman Sachs Group, Inc. (GS) – the sole underwriter for the offering,...
16Jun2011 | vitalstocks | 0 comments | Continued(VNO) Vornado Realty Trust Prices Secondary Offering
Vornado Realty Trust (VNO), a leading real estate investment trust (REIT), has recently priced a secondary offering of 7.0 million perpetual 6.875% Series J Cumulative Redeemable Preferred Shares at $25.00 each. The company has also granted the underwriters an option to purchase...
26Apr2011 | vitalstocks | 0 comments | Continued(RPI) Restaurant Industry Stock Review – April 2011 – Industry Outlook
The restaurant industry finally seems ready to show improvements in the second half of 2011. Riding on the back of a slowly reviving U.S. economy and the consequent rise in comparable-store sales, restaurant operators have managed to post improved results in recent months. We...
19Apr2011 | vitalstocks | 0 comments | Continued(NRF) Retail Industry Outlook – April 2011 – Industry Outlook
Insight from Fiscal 2010 Fiscal 2010 was a year of hard work, involving the continuous streamlining of internal processes. To that end, retailers concentrated on aligning inventories with sales, improving operating efficiencies and spending on technology. These focused efforts...
7Apr2011 | vitalstocks | 0 comments | Continued(DDR) Developers Diversified Realty Corporation Prices Senior Unsecured Notes
Developers Diversified Realty Corporation (DDR), a real estate investment trust (REIT), has recently offered 4.75% senior unsecured notes worth $300 million that are scheduled to mature in April 2018. The company has priced the notes at 99.315% of the face amount to yield 4.86%...
28Mar2011 | vitalstocks | 0 comments | Continued(REG) Regency Centers Acquires Willow Festival Shopping Center
Regency Centers Corp. (REG), a leading operator and developer of grocery-anchored and community shopping centers across the U.S., has recently acquired Willow Festival, a 405,227 square foot neighborhood shopping center in the Chicago metro area. The company purchased the property...
18Dec2010 | vitalstocks | 0 comments | Continued(MAC) Macerich Quarterly Report Marginally Beats Expectations
The Macerich Company (MAC), a fully integrated real estate investment trust (REIT), reported third quarter 2010 FFO (fund from operations) of $93.3 million or 66 cents per share, compared with $88.7 million or 97 cents in the year-earlier quarter. Fund from operations, a widely...
17Nov2010 | vitalstocks | 0 comments | Continued(KIM) Kimco Realty Reports Year-Over-year Quarterly Revenues Increase 10.7%
Kimco Realty Corp. (KIM), a leading real estate investment trust (REIT), reported third quarter 2010 rental revenues of $210.5 million compared with $190.1 million in the year-earlier quarter – an increase of 10.7%. However, total revenues for the reported quarter fell short...
7Nov2010 | vitalstocks | 0 comments | Continued(DDR) Developers Diversified Realty Marginally Beats Expectations
Developers Diversified Realty Corp. (DDR), a real estate investment trust (REIT), reported third quarter 2010 FFO (fund from operations) of $37.1 million or 14 cents per share compared to a FFO loss of $90.1 million or 54 cents per share in the year-earlier quarter. Fund from...
3Nov2010 | vitalstocks | 0 comments | Continued(DDR) Developers Diversified Realty Refinances Senior Revolving Credit Facilities
Developers Diversified Realty Corp. (DDR), a leading real estate investment trust (REIT), has recently refinanced two senior revolving credit facilities in two separate transactions to strengthen its liquidity and reduce its refinancing risks. Both the new revolving credit facilities...
25Oct2010 | vitalstocks | 0 comments | Continued(PPS) Post Properties Announces $150 Million 4.75% Note Offering
Post Properties Inc. (PPS), a leading operator and developer of multifamily properties across the U.S., has recently announced an offer to sell 4.75% senior unsecured notes worth $150 million. Wells Fargo Securities LLC, part of Wells Fargo & Company (WFC); Deutsche Bank...
20Oct2010 | vitalstocks | 0 comments | Continued(EQY) Equity One to Acquire Capital & Counties USA Unit
On Sunday, Equity One Inc. (EQY) announced its plan to acquire Capital & Counties USA Inc. in a $600 million transaction through a joint venture (JV) with the parent company, Capital Shopping Centres Group plc (“CSCG”). Under the terms of the agreement, CSCG will...
25May2010 | vitalstocks | 0 comments | Continued