REIT - Retail
(SPG) Simon Property Group Bids for General Growth Properties
Ending months of speculation, Simon Property Group Inc. (SPG), the largest publicly traded retail real estate company in North America, recently made an unsolicited $10 billion takeover bid for its bankrupt rival General Growth Properties. General Growth is arguably the second...
17Feb2010 | vitalstocks | 0 comments | Continued(MAC) Macerich Fourth Quarter Funds From Operations Dips
The Macerich Co. (MAC), a real estate investment trust (REIT) focused on leasing regional and community shopping centers throughout the U.S., reported fourth quarter 2009 FFO (funds from operations) of $92.7 million or $0.90 per share, compared to $170.1 million or $1.92 per...
15Feb2010 | vitalstocks | 0 comments | Continued(TCO) Taubman’s Centers Quarterly Funds From Operations Improves
Taubman Centers, Inc. (TCO), a real estate investment trust (REIT), reported strong fourth quarter 2009 results with FFO (fund from operations) of 56 cents per share compared to an FFO loss of 57 cents in the year-earlier quarter. Fund from operations, a widely used metric to...
10Feb2010 | vitalstocks | 0 comments | Continued(SPG) Simon Property Group Quarterly Funds From Operations Dips
Simon Property Group Inc. (SPG), a leading real estate investment trust (REIT), reported fourth quarter 2009 FFO (funds from operations) of $485.2 million or $1.40 per share, compared to $540.5 million or $1.86 per share in the year-earlier quarter. Funds from operations, a widely...
5Feb2010 | vitalstocks | 0 comments | Continued(KIM) Kimco Realty’s Revenue Rises
Kimco Realty Corp. (KIM) reported a 7.5% increase in fourth quarter revenues from rental properties. Revenues for the reported quarter increased to $211.8 million from $196.99 million in the year-ago quarter. For full year 2009, revenues from rental properties climbed to $786.89...
4Feb2010 | vitalstocks | 0 comments | Continued(CLI) Mack-Cali Realty Refinances Loan With Prudential Financial Unit
Mack-Cali Realty Corp. (CLI), a fully integrated real estate investment trust (REIT), has recently refinanced a $150 million secured loan with the Prudential Insurance Company of America, the insurance division of Prudential Financial Inc. (PRU), a premier financial service provider...
21Jan2010 | vitalstocks | 0 comments | Continued(HIW) Highwoods Properties Keeps Strong Leasing
Highwoods Properties, Inc. (HIW), a real estate investment trust (REIT), has recently signed a leasing agreement for its 16,000 square feet of industrial space at 412 Gallimore Dairy Road in Greensboro, North Carolina. The deal was signed with Sedgefield Interior Landscapes,...
14Jan2010 | vitalstocks | 0 comments | Continued(DDR) Developers Diversified Realty Updates Guidance for 2009
Developers Diversified Realty Corporation (DDR), a leading real estate investment trust (REIT), recently provided an update on its 2009 accomplishments along with an outlook for 2010. The company expects 2010 FFO (funds from operations) to range between $1.05 and $1.15 per share....
13Jan2010 | vitalstocks | 0 comments | Continued(REG) Regency Centers Corporation Sells Shopping Center
Regency Centers Corporation (REG), a leading operator and developer of grocery-anchored and community shopping centers across the U.S., recently sold a shopping center in Oregon for an undisclosed amount. The shopping center property, spanning 76,483 square feet, was sold to...
11Jan2010 | vitalstocks | 0 comments | Continued(CLI) Mack-Cali Realty Corporation Signs Lease Renewals
Mack-Cali Realty Corp. (CLI), a fully integrated real estate investment trust (REIT), has recently signed lease renewal deals with Integrated Communications Corp., Pace LLC, and Torre Lazur Healthcare Group, Inc. – three subsidiary companies of Interpublic Group of Companies...
11Jan2010 | vitalstocks | 0 comments | Continued(REG) Regency Centers – Bear of the Day
We are changing our long-term recommendation for Regency Centers (REG) to Underperform as we anticipate it to perform well below the broader market. The prolonged recession has led to increased tenant bankruptcies, which in turn have led to a decline in occupancy and an increase...
8Jan2010 | vitalstocks | 0 comments | Continued(REG) Regency Centers – Bear of the Day
We are changing our long-term recommendation for Regency Centers (REG) to Underperform as we anticipate it to move well below the broader market. The prolonged recession has led to increased tenant bankruptcies, which in turn have led to a decline in occupancy and an increase...
29Dec2009 | vitalstocks | 0 comments | Continued(HIW) Highwoods Properties Secures New Credit Facility
Highwoods Properties Inc. (HIW), a leading real estate investment trust (REIT), recently obtained a new $400 million unsecured revolving credit facility from a consortium of 12 banks. The new credit facility is scheduled to mature in Feb 2013, and replaces the existing $450 million...
22Dec2009 | vitalstocks | 0 comments | Continued(REG) Regency Centers Corporation Offers Common Stock
Regency Centers Corporation (REG), a real estate investment trust (REIT) engaged in owning and developing grocery anchored retail shopping centers in the U.S., has recently issued 9.2 million common shares, including 1.2 million shares to cover over-allotments by the underwriters....
10Dec2009 | vitalstocks | 0 comments | Continued(SPG) Simon Property Group Acquires Prime Outlets
Simon Property Group Inc. (SPG), the largest publicly traded retail real estate company in North America, has recently signed a deal to acquire the outlet shopping center business of Prime Outlets Acquisition Co., one of the largest developers of outlet centers in the U.S. The...
9Dec2009 | vitalstocks | 0 comments | Continued(VNO) Vornado Realty Trust’s Land Sale Deal Nixed
Vornado Realty Trust (VNO), one of the largest real estate investment trusts (REITs) in the U.S., has recently announced the termination of a deal to sell an 8.6 acre parcel of land in the Pentagon City area of Arlington, Virginia. With the termination of the deal, the purchaser...
8Dec2009 | vitalstocks | 0 comments | Continued(KIM) Kimco Realty to Issue Stock to Repay Debt
Kimco Realty Corporation (KIM), a real estate investment trust (REIT), has recently announced plans to issue 25 million shares to raise cash to repay debt. The company will also grant the underwriters a 30-day option to purchase an additional 3.8 million shares to cover any over-allotments....
8Dec2009 | vitalstocks | 0 comments | Continued(REG) Regency Centers Corporation to Increase Joint Venture Stake
Regency Centers Corporation (REG), a real estate investment trust (REIT) engaged in owning and developing grocery anchored retail shopping centers in the U.S., plans to exercise its options to increase its interest in an existing joint venture called Macquarie CountryWide-Regency...
14Nov2009 | vitalstocks | 0 comments | Continued(DDR) Developers Diversified Realty Corporation to Raise Capital through TALF
Developers Diversified Realty Corporation (DDR), a leading real estate investment trust (REIT), is planning to raise $400 million through Term Asset-backed Securities Loan Facility (TALF program). The TALF was created by the Fed to support the issuance of asset-backed securities...
11Nov2009 | vitalstocks | 0 comments | Continued(KIM) Kimco Realty’s Funds From Operations Declines
Kimco Realty Corporation (KIM), a real estate investment trust (REIT) operating the largest portfolio of neighborhood and community shopping centers in North America, has reported a decline in third quarter 2009 FFO (fund from operations) to $112.6 million or 30 cents per share...
8Nov2009 | vitalstocks | 0 comments | Continued(VNO) Vornado Realty Trust Reports Strong Quarter
Vornado Realty Trust (VNO) reported strong third quarter 2009 results with FFO (funds from operations) of $234.2 million or $1.25 per share, compared to $159.8 million or 97 cents per share in the year-earlier quarter. Funds from operations, a widely used metric to gauge the...
4Nov2009 | vitalstocks | 0 comments | Continued(PSB) PS Business Parks’ Quarterly Funds From Operations Dips
PS Business Parks Inc. (PSB), a real estate investment trust (REIT) that acquires, develops, owns, and operates commercial properties, reported a decline in third quarter 2009 FFO (fund from operations) to $31.5 million or $1.04 per share from $32.0 million or $1.14 per share...
4Nov2009 | vitalstocks | 0 comments | Continued(CLI) Mack-Cali Realty Corporation Reports Modestly
Mack-Cali Realty Corp. (CLI) reported relatively modest third-quarter results, with FFO (fund from operations) of $75 million or 81 cents per share, compared to $82.1 million or $1.02 per share in the year-earlier quarter. Fund from operations, a widely used metric to gauge the...
2Nov2009 | vitalstocks | 0 comments | Continued(REG) Regency Centers Corporation’s Fund From Operations Declines
Regency Centers Corp. (REG), a real estate investment trust (REIT) owning community shopping centers in the U.S., reported FFO (fund from operations) of $46.4 million or 58 cents per share in the third quarter, compared to $83.6 million or $1.19 per share in the year-earlier...
2Nov2009 | vitalstocks | 0 comments | Continued(CLI) Mack-Cali Realty – Bear of the Day
Mack-Cali (CLI) is a vertically integrated office REIT with assets in some very competitive markets which are getting worse in conjunction with the overall U.S. economy. Mack-Cali will have a difficult time holding occupancy and increasing rents due to the continued volatility...
29Oct2009 | vitalstocks | 0 comments | Continued(MAC) The Macerich Company Expands Arizona Center
The Macerich Company (MAC), a leading real estate investment trust (REIT), has recently opened the expansion center of Scottsdale Fashion Square, its flagship store in Arizona, featuring the region’s first Barney’s New York departmental outlet along with 18 additional new...
27Oct2009 | vitalstocks | 0 comments | Continued(DDR) Developers Diversified Realty Reports Bleak Quarter
Developers Diversified Realty Corp. (DDR), a real estate investment trust (REIT), reported relatively weak third quarter results, with FFO (fund from operations) of ($90.1) million or (54 cents) per share compared to $96.7 million or 80 cents per share in the year-earlier quarter....
26Oct2009 | vitalstocks | 0 comments | Continued(DDR) Developers Diversified Realty Corporation Has Macy’s in Tenant Lineup
Developers Diversified Realty Corporation (DDR), a real estate investment trust (REIT), has recently added Macy’s Inc. (M), a premier departmental store operator, in its tenant lineup in the open-air shopping center spanning approximately 1 million square feet in Nampa, Idaho. Macy’s...
22Oct2009 | vitalstocks | 0 comments | Continued(SPG) Federal Reserve Beige Book Improves Again
The Fed released its Beige Book today, which is a collection of mostly anecdotal information from across the country. Presented below are key sections of the report along with my reactions to them. “Reports from the 12 Federal Reserve Districts indicated either stabilization...
21Oct2009 | vitalstocks | 0 comments | Continued(CLI) Mack-Cali Realty Corporation Signs New Lease
Mack-Cali Realty Corp. (CLI), a fully integrated real estate investment trust (REIT), has recently signed a new long-term lease for its 100,000 square feet Class A JV office property at 1 Jefferson Road in Parsippany, New Jersey. The lessee was Day Pitney LLP, a full-service...
9Oct2009 | vitalstocks | 0 comments | Continued