Real Estate Management & Development

Ex-one time items, Vornado Realty Trust (NYSE: VNO) reported Q4 FFO/share of $1.17, “well ahead of both our $1.04 est. and consensus of $1.09,” KBW reports. “Occupancy was fairly stable and YoY SS EBITDA for core businesses was positive, with retail being the biggest positive at SS EBITDA +4.8%,”...

VORNADO REALTY TRUST (NYSE: VNO) today reported: NET INCOME attributable to common shareholders for the quarter ended December 31, 2010 was $243.4 million, or $1.31 per diluted share, compared to a net loss of $151.2 million, or $0.84 per diluted share, for the quarter ended December 31, 2009....

PS Business Parks, Inc. (NYSE: PSB) reported operating results for the fourth quarter ended December 31, 2010. Net income allocable to common shareholders for the three months ended December 31, 2010 was $8.4 million, or $0.34 per diluted share, on revenues of $71.4 million compared to $9.9...

Progress Energy Inc (NYSE: PGN) is projected to post its Q4 EPS at $0.44 on revenue of $2.44 billion. Brookfield Asset Management (NYSE: BAM) is projected to post its Q4 EPS at $0.36 on revenue of $3.14 billion. Campbell Soup (NYSE: CPB) is estimated to report its FQ2 EPS at $0.72 on revenue of $2...

On CNBC's Mad Money Lightning Round OT, Jim Cramer said that Nordic American Tanker Shipping Limited (NYSE: NAT) is going to start coming back, but he can't recommend it as a buy. He added that he can't say anymore that you need to sell it. Nordic American Tanker Shipping Limited (NAT) gained 1.10...

David Einhorn is out with a comment on St. Joe Company (NYSE: JOE), which he famously announced he was short the name at the Value Investing Congress. Einhorn says, ""There is a considerable gap between timberland and conservation values that support a single-digit share valuation for St. Joe and...

Credit Suisse is out with its report today on Brookfield Asset Management (NYSE: BAM), reinstating BAM at Outperform with a $38 PT. In a note to clients, Credit Suisse writes, "After a research restriction, we reinstate Brookfield Asset Management coverage with an Outperform rating and a US$38.00...

(TheStreet) --David Einhorn's Greenlight Capital bought new stakes in wireless provider Sprint Nextel (NYSE: S) and oil firm BP (NYSE: BP) during the fourth quarter, picking up two companies shunned by most investors. New York-based Greenlight Capital took seven new equity positions and closed out...

The St. Joe Company (NYSE: JOE) today issued the following statement in response to Fairholme Funds, Inc.'s (NASDAQ: FAIRX) announcement that it is seeking to remove all of the members of the Company's Board of Directors and to replace them with Fairholme nominees: “St. Joe adamantly opposes...

CNBC's Mary Thompson is reporting that St. Joe Company (NYSE: JOE) is responding back to Bruce Berkowitz, who resigned from the board earlier this week. The company is saying that Fairholme and Berkowitz wants to control the company, it should just buy the the company and pay all shareholders a...

Vornado (NYSE: VNO) announced today that it has completed a $425 million refinancing of Two Penn Plaza, a 1.6 million square foot Manhattan office building. The seven-year loan bears interest at LIBOR plus 2.00% which was swapped for the term of the loan to a fixed rate of 5.13%. The loan amortizes...

Vornado (NYSE: VNO) announced today that it has completed a $425 million refinancing of Two Penn Plaza, a 1.6 million square foot Manhattan office building. The seven-year loan bears interest at LIBOR plus 2.00% which was swapped for the term of the loan to a fixed rate of 5.13%. The loan amortizes...

Shares of Gramercy Capital Corp. (NYSE: GKK) are lower on the session by 4.45%, currently trading at $5.06. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A...

The St. Joe Company (NYSE: JOE) shares are shooting up 45 minutes into trading, up 66 cents to $26.72, a gain of 2.5%. Over 450,00 shares have already been traded today. St. Joe has been receiving a lot of press recently, as Bruce Berkowitz, of Fairholme Capital, recently resigned from the board...

Grubb & Ellis Company (NYSE: GBE) today reported fourth quarter 2010 revenue of $163.5 million, an increase of approximately 10 percent compared with revenue of $148.7 million in the same period a year ago. For the full year 2010, Grubb & Ellis reported revenue of $575.5 million, compared...