REIT – Retail

(KIM) Kimco Realty Divests Nine Mexican Assets

Recently, Kimco Realty Corp. (KIM) sold 9 assets of its Mexican shopping center portfolio to a local real estate operator for 3.35 billion Mexican pesos ($274 million), which include 573 million Mexican pesos ($47 million) of mortgage...

13Sep2013 | | Comments Off on (KIM) Kimco Realty Divests Nine Mexican Assets | Continued

(DDR) DDR Corporation Opens New Shopping Center in Charlotte

Recently, DDR Corp. (DDR) announced the opening of a new prime power center – Belgate Shopping Center – in N.C. The shopping center reflects the real estate investment trust (REIT)’s first ground-up domestic expansion in more...

29Aug2013 | | Comments Off on (DDR) DDR Corporation Opens New Shopping Center in Charlotte | Continued

(DDR) DDR Prices Senior Notes

DDR Corp. (DDR), a real estate investment trust (REIT), recently priced an underwritten public offering of unsecured senior notes worth $300 million at 99.397%, with a yield to maturity of 3.447%. The notes, scheduled to mature in...

29Jul2013 | | Comments Off on (DDR) DDR Prices Senior Notes | Continued

(KIM) Kimco Realty Appoints New COO

Kimco Realty Corp (KIM) recently announced the appointment of Conor C. Flynn as its Executive Vice President and Chief Operating Officer (COO), with effect from May 20.  The current COO Michael Pappagallo has decided to step down...

26May2013 | | Comments Off on (KIM) Kimco Realty Appoints New COO | Continued

(CLI) Mack-Cali Realty Corporation Cuts Their Dividend

Mack-Cali Realty Corp (CLI) disclosed its plan of slashing its second quarter common stock dividend by a third to 30 cents from 45 cents per share paid earlier. The move comes as the company plans to retain its cash for meeting investment...

27Apr2013 | | Comments Off on (CLI) Mack-Cali Realty Corporation Cuts Their Dividend | Continued

(REG) Regency Centers Sells Assets – Rating Affirmed

Regency Centers Corporation (REG) disclosed that the company and its partners have chosen to vend the entire assets owned in Regency Retail Partners, LP (Fund). This portfolio of assets is currently under contract. Following the closure...

18Apr2013 | | Comments Off on (REG) Regency Centers Sells Assets – Rating Affirmed | Continued

(KIM) Kimco Realty Reiterated at Neutral

On Apr 5, 2013, we reiterated our long-term recommendation on Kimco Realty Corp. (KIM) at Neutral. This reflects the company’s strong fundamentals and strategic portfolio repositioning efforts that offer an enticing upside potential...

18Apr2013 | | Comments Off on (KIM) Kimco Realty Reiterated at Neutral | Continued

(SPG) REIT Industry Review & Stock Picks – March 2013 – Industry Outlook

The U.S. Real Estate Investment Trust (REIT) industry has carved a niche for itself and is now an important part of the overall economy. Amid the low interest rate environment following the financial crisis, the demand for REIT stocks has risen owing to their ability to deliver steady income. Moreover,...

15Mar2013 | | Comments Off on (SPG) REIT Industry Review & Stock Picks – March 2013 – Industry Outlook | Continued

(RPI) Restaurant Stock Outlook – February 2013 – Zacks Analyst Interviews

The year 2012 started on a relatively positive note for U.S. restaurants. That scenario changed gradually as sales momentum slackened in the sector as the macroeconomic tension, presidential election and the “Fiscal Cliff” raised uncertainties in the market.

Even this year, the...

6Feb2013 | | Comments Off on (RPI) Restaurant Stock Outlook – February 2013 – Zacks Analyst Interviews | Continued

(KIM) Kimco Realty Adds Santee Trolley Square

Kimco Realty Corp. (KIM) announced the addition of the Santee Trolley Square in suburban San Diego to its portfolio. Particularly, the company purchased a 50% ownership interest of its institutional partner in Santee Trolley Square...

23Jan2013 | | Comments Off on (KIM) Kimco Realty Adds Santee Trolley Square | Continued

(SPG) Simon Property Group – Bull of the Day

Simon Property Group (SPG) is scheduled to release its fourth quarter 2012 earnings on February 4, before the market opens. The company’s third quarter 2012 results surpassed the Zacks Consensus Estimate, thanks to an increase in average...

23Jan2013 | | Comments Off on (SPG) Simon Property Group – Bull of the Day | Continued

(NRF) Will December Mirror November Sales?

November retail sales data are out amid an economy which has been exposed to a number of mixed events. On one hand, the Labor Department indicated that initial jobless claims have fallen 29,000 to 343,000; on the other, consumer sentiment is showing a negative inclination, largely due to the looming...

14Dec2012 | | Comments Off on (NRF) Will December Mirror November Sales? | Continued

(NRF) Holiday Season Lifts Consumer Index

While the economy is still struggling to fully recover, Thanksgiving, Black Friday and Cyber Monday came as a relief for the retailers this holiday season. The holiday weekend sales have helped consumer confidence strongly improve. Amid the economic gloom, it seems that consumers had saved enough...

28Nov2012 | | Comments Off on (NRF) Holiday Season Lifts Consumer Index | Continued

(LXP) Lexington Realty Trust to Offer Shares

Lexington Realty Trust (LXP), a real estate investment trust (REIT), has recently announced its decision to offer 15 million shares  at $9.45 each to enhance its liquidity. The company has also decided to grant the underwriters a...

23Oct2012 | | Comments Off on (LXP) Lexington Realty Trust to Offer Shares | Continued

(SKT) Tanger Factory Outlets Centers to Open New Outlet

Greensboro-based real estate investment trust (REIT), Tanger Factory Outlets Centers, Inc. (SKT), recently announced that it will open a new shopping center in Texas in collaboration with Simon Property Group,...

23Oct2012 | | Comments Off on (SKT) Tanger Factory Outlets Centers to Open New Outlet | Continued

(O) Realty Income to Acquire American Realty Capital Trust

Realty Income Corporation (O), a real estate investment trust (REIT), recently penned an agreement  with American Realty Capital Trust, Inc. (ARCT) to acquire all of...

18Sep2012 | | Comments Off on (O) Realty Income to Acquire American Realty Capital Trust | Continued

(HT) Hersha Hospitality Trust Gains Full Ownership of Joint Venture Hotel

Hersha Hospitality Trust (HT),a real estate investment trust (REIT), has recently  acquired the remaining 50%  ownership stake in the 130-room Courtyard by Marriott hotel located in Ewing, a sub-market of Princeton, New Jersey. With...

21Aug2012 | | Comments Off on (HT) Hersha Hospitality Trust Gains Full Ownership of Joint Venture Hotel | Continued

(TCO) Real Estate Investment Trust Outlook – July 2012 – Industry Outlook

The U.S. Real Estate Investment Trust (REIT) industry continued its bull run in the first half of 2012, driven by strengthening fundamentals for commercial real estate and an improving outlook for the U.S. economy despite some recent doubts. The uptrend in the diffusion index further suggested that...

17Jul2012 | | Comments Off on (TCO) Real Estate Investment Trust Outlook – July 2012 – Industry Outlook | Continued

(RPI) Restaurant Stock Review and Outlook – June 2012 – Industry Outlook

The U.S. restaurant industry has ended the first half of 2012 on a positive note despite nagging sovereign debt issues in Europe and faltering domestic consumer confidence. The strength was backed by modest traffic improvement and the consequent rise in comparable store sales. Easy comparisons from...

22Jun2012 | | Comments Off on (RPI) Restaurant Stock Review and Outlook – June 2012 – Industry Outlook | Continued

(SPG) Simon Property Group to Issue Shares

Simon Property Group Inc. (SPG), a leading real estate investment trust (REIT), has recently announced a secondary offering of 8.5 million common shares at $137.00 each. The company had earlier announced its offer of 7 million shares,...

19Mar2012 | | Comments Off on (SPG) Simon Property Group to Issue Shares | Continued

(RPI) Restaurant Industry Stock Review – March 2012 – Industry Outlook

The restaurant industry appears well positioned for gradual improvement in the first half of 2012. The global economy had been affected by challenges mainly in the second half of 2011 due to concerns about the nagging sovereign debt issues in Europe and the health of the U.S. economy. While these...

14Mar2012 | | Comments Off on (RPI) Restaurant Industry Stock Review – March 2012 – Industry Outlook | Continued

(DDR) DDR Corporation Reports in Sync with Estimates

DDR Corp. (DDR), a real estate investment trust (REIT), reported fourth quarter 2011 FFO (fund from operations) of $47.4 million or 17 cents per share compared to a FFO loss of $37.0 million or 14 cents per share in the year-earlier...

20Feb2012 | | 0 comments | Continued

(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...

12Dec2011 | | 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)....

9Dec2011 | | 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, promotional...

6Dec2011 | | 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...

30Nov2011 | | 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...

28Nov2011 | | 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 operators managed to...

23Nov2011 | | 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,...

16Aug2011 | | 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...

10Aug2011 | | 0 comments | Continued