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Was PSB's 3Q Miss A Fluke?
Tuesday, November 2, 2010 - 5:36am | 189Citigroup has published a research report on PS Business Parks (NYSE: PSB) following a slight miss on estimates reported in the company's 3Q. In the report, Citigroup writes "After a few quarters of improving fundamentals, with occupancies ticking up and same-store NOI declines abating, PSB...
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Gladstone Commercial Corporation Reports Results for its Third Quarter: EPS of $0.50
Monday, November 1, 2010 - 3:35pm | 93Gladstone Commercial Corporation (Nasdaq: GOOD) (the "Company") today reported financial results for its third quarter ended September 30, 2010. A description of FFO, a relative non–GAAP (generally accepted accounting principles in the United States) financial measure, is presented at the end of...
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Priced Into the Market 11-01-2010
Monday, November 1, 2010 - 2:05pm | 988Cusick's Corner Over the weekend a customer asked me, “What do you mean that the Fed quantitative easing, earnings/economic data and the elections are already priced into the market?” I told him to take a look at a SPY chart (the ETF that tracks the S&P 500) and see how the market ran from 112...
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Grubb & Ellis Equity Advisors Terminates Relationship with Grubb & Ellis Apartment REIT
Monday, November 1, 2010 - 6:39am | 47Grubb & Ellis Equity Advisors, LLC the primary real estate investment and asset management subsidiary of Grubb & Ellis Company (NYSE: GBE), today announced that its and its affiliates' advisory and dealer-manager relationship with Grubb & Ellis Apartment REIT is being terminated.
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Jones Lang Revenue Soars - Analyst Blog
Friday, October 29, 2010 - 8:06am | 524Jones Lang LaSalle Incorporated (JLL), a leading full-service real estate firm that provides corporate, financial, and investment management services, reported third quarter 2010 net income of $37 million or 84 cents per share compared to $20 million or 46 cents in the year-earlier quarter....
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Vornado Declares Dividends On Preferred Shares
Thursday, October 28, 2010 - 12:16pm | 54VORNADO REALTY TRUST (NYSE: VNO) today announced that its Board of Trustees has declared the following quarterly preferred dividends: Series A Convertible $ .8125000 per share Series E Cumulative Redeemable $ .4375000 per share Series F and H Cumulative Redeemable $ .4218750 per...
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Vornado Declares Quarterly $0.65 Dividend
Thursday, October 28, 2010 - 12:13pm | 39VORNADO REALTY TRUST (NYSE: VNO) announced today that its Board of Trustees has declared a regular quarterly dividend of $0.65 per share payable on November 22, 2010 to common shareholders of record on November 10, 2010.
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CB Richard Ellis EPS Soars - Analyst Blog
Wednesday, October 27, 2010 - 2:33pm | 584CB Richard Ellis Group Inc. (CBG) reported third-quarter 2010 revenues of $1.3 billion compared with $1.0 billion in the year-earlier quarter, reflecting an increase of 24%. The revenues in the reported quarter beat the Zacks Consensus Estimate of $1.2 billion. The company reported a net...
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Puts Purchased on Vornado Realty Trust (VNO)
Wednesday, October 27, 2010 - 9:38am | 164Shares of Vornado Realty Trust Corp. (NYSE: VNO) are lower on the session by 1.32%, currently trading at $88.95. The stock has been moving largely higher over the past six months, though looks like it wants to test the uptrend at the 50-day moving average (~$85.00). Options traders are buying puts...
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CB Richard Ellis Group, Inc. Reports GAAP EPS of $.04
Tuesday, October 26, 2010 - 4:02pm | 192CB Richard Ellis Group, Inc. (NYSE: CBG) today reported strong earnings and revenue growth for the third quarter ended September 30, 2010. Net income on a U.S. GAAP basis improved 361% to $57.0 million, or $0.18 per diluted share, for the third quarter, compared with $12.4 million, or $0.04...
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17 Stocks Selling At A Huge Discount
Tuesday, October 26, 2010 - 1:14pm | 209Here's one of your more traditional "Buffett-like" stock screens where I am essentially looking for companies selling well below their book value. With the market hovering in overbought territory lately, it would be nice to find those stocks that are still considered under-valued. The stocks below...
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Marcus & Millichap Believes That Apartments Are Leading Recovery In Commercial Real Estate (AMB, FR, TRNO, ESS, AVB, EQR, BXP, BPO, VNO, SPG, TCO)
Tuesday, October 26, 2010 - 1:08pm | 429Hessam Nadji of Marcus & Millichap talked on CNBC with Erin Burnett about the recovery in the commercial real estate sector. He said that there is some improvement in investor sentiment, which is reacting to the job loss bottoming and leveling off of vacancies. He added that it looks like that...
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Robbins Umeda LLP Announces an Investigation of The St. Joe Company
Tuesday, October 26, 2010 - 1:03pm | 196Robbins Umeda LLP has commenced an investigation into possible breaches of fiduciary duty and other violations of the law by certain officers and directors at The St. Joe Company (NYSE: JOE). St. Joe, along with its subsidiaries, operates as a real estate development company in Florida. The...
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Bookkeeping: Weekly Changes to Fund Positions Year 4, Week 12
Monday, October 25, 2010 - 7:00am | 2312Year 4, Week 12 Major Position Changes To see historic weekly fund changes click here OR the label at the bottom of this entry entitled 'fund positions'. Cash: 69.2% (v 64.9% last week) 18 long bias: 26.3% (v 29.8% last week) 4 short bias: 4.5% (v 5.3% last week) [Note: Long dollar positions...
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Bookkeeping: Closing CB Richard Ellis (CBG)
Thursday, October 21, 2010 - 1:15pm | 789Here is a problem of late - almost all the stocks I am buying recently are not on list A... or list B... but down there on the "oh fine, I'll buy you if I must" list. This is what happens when all the stocks you truly like go on ballistic missile runs (September) and then fall over dead as of Oct...