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Taubman Centers Reports EPS $0.63 vs. $0.58 Estimate; Revenues $155.5M vs. $145.2M Estimate (TCO)
Wednesday, April 20, 2011 - 4:05pm | 21Taubman Centers (NYSE: TCO) Reports EPS $0.63 vs. $0.58 Estimate; Revenues $155.5M vs. $145.2M Estimate
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REITs Showing Strength (IYR, GGP, SPG, VNO)
Wednesday, April 20, 2011 - 11:37am | 128Real estate investment trusts are strong today, along with an overall higher equities market, and could be worth a short term look here, as it looks like REITs are breaking out here. Names like General Growth Properties (NYSE: GGP), Vornado Realty (NYSE: VNO), Simon Property (NYSE: SPG) and...
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REITs Off Earlier Highs, Warning Sign? (IYR, GGP, SPG, VNO)
Tuesday, April 19, 2011 - 12:27pm | 251Real estate investment trusts are well off their earlier session highs, and this could be potentially troublesome if the market wants to keep advancing, before summer seasonality takes place, and volume tapers off. Names like iShares Dow Jones US Real Estate ETF (NYSE: IYR), General Growth...
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CBL Completes More Than $480M in Financing Activity
Monday, April 18, 2011 - 8:13am | 87CBL & Associates Properties, Inc. (NYSE: CBL) today announced $481.1 million in financing activity at a combined estimated weighted average interest rate of 5.42% and a weighted average term of 6.8 years. Year-to-date the Company has closed ten separate non-recourse secured mortgages....
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Goldman Sachs Reiterates Sell Rating on Weingarten Realty Investors (WRI)
Friday, April 15, 2011 - 8:43am | 156Goldman Sachs is out with a research report this morning, where it reiterates its Sell rating on Weingarten Realty Investors (NYSE: WRI); it has a $22.00 price target on the stock. The GS analysts cited the company's recent investor day, noting that the highlight of the presentation was the...
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Deutsche Bank Maintains Hold on Weingarten Realty Investors (WRI)
Friday, April 15, 2011 - 7:40am | 132Deutsche Bank is out with its report today on Weingarten Realty Investors (NYSE: WRI), maintaining Hold. In a note to clients, Deutsche Bank writes, "WRI hosted a well-attended analyst meeting where mngt shared a new 5-year business plan. While not intended as formal guidance, WRI laid out a plan...
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Jefferies Comments On Weingarten Realty Investors 5-Year Business Plan
Friday, April 15, 2011 - 7:23am | 205According to Jefferies, Weingarten Realty Investors (NYSE: WRI) provided an outline of its 5-year business plan with 2012 taking the spotlight as WRI expects 1) 5% SS NOI growth in 2012, 2) $500M in asset sales, and 3) 2012E FFO/sh of $1.91, a +7.6% YoY growth over 2011E FFO/sh of $1.77. Jefferies...
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FBR Capital Initiates NNN With Market Perform
Wednesday, April 13, 2011 - 5:05am | 53Analysts at FBR Capital initiate coverage of National Retail Properties Inc (NYSE: NNN) with a “market perform” rating. The target price for NNN is set to $25. NNN shares fell 0.82% to close at $25.40 yesterday. More Analyst Ratings here
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Top 4 Mid-Cap Stocks In The REIT-Diversified Industry With The Highest Operating Margin (CIM, MFA, NNN, DEI)
Tuesday, April 12, 2011 - 11:09pm | 129Below are the top mid-cap REIT-diversified stocks on the NYSE and the NASDAQ in terms of operating margin. The trailing-twelve-month operating margin at Chimera Investment Corporation (NYSE: CIM) is 91.92%. CIM's PEG ratio is 0.77. The trailing-twelve-month operating margin at MFA Financial Inc (...
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Simon Property Group Announces Opry Mills Mall to Reopen
Tuesday, April 12, 2011 - 10:06am | 79Nearly one year after a historic flood ravaged Nashville and submerged Opry Mills, Simon Property Group, Inc. (NYSE: SPG) announced today that Opry Mills has reached an agreement with its lenders, Helaba Bank and Nord/LB, to finance the rebuilding of the mall. Opry Mills will continue its...
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Cutting Costs in 2011 Part 5: Real Estate Tax Strategy
Tuesday, April 12, 2011 - 12:01am | 544It's been over a month since Cost Cutting in 2011 launched, and I hope all of you avid cost cutters out there have enjoyed reading the series so far. This week I'm going to take a break from your utility bill, and switch the focus to another significant cost: Property Taxes. First, let's...
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Top 4 Small-Cap Stocks In The REIT-Diversified Industry With The Highest ROE (ABR, GTY, ANH, RWT)
Sunday, April 10, 2011 - 11:43pm | 142Below are the top small-cap REIT-diversified stocks on the NYSE and the NASDAQ in terms of return on equity. The trailing-twelve-month return on equity at Arbor Realty Trust (NYSE: ABR) is 73.50%. ABR's operating margin for the same period is 184.48%. The trailing-twelve-month return on equity at...
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Simon Property Group Continues Slide After Ackman Reveals Short Position (SPG)
Friday, April 8, 2011 - 10:37am | 166Simon Property Group, Inc (NYSE: SPG) shares are continuing to slide one day after Pershing Square's Bill Ackman announced he was short the name as a hedge to his position in General Growth Properties (NYSE: GGP). Ackman said that he did not have any qualms with how Simon Property Group was run as...
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Rumors Bill Ackman Is Short Simon Property Group (SPG)
Thursday, April 7, 2011 - 12:59pm | 61Benzinga is hearing rumors that Bill Ackman is short Simon Property Group (NYSE: SPG), which is a direct competitor of a stock he owns a significant portion of, General Growth Properties (NYSE: GGP). Shares of Simon Property are lower on the news, trading down $1.47 to $105.85.
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Bill Ackman Says He Is Short Simon Property Group Shares (SPG)
Thursday, April 7, 2011 - 12:59pm | 20Bill Ackman says he is short Simon Property Group (NYSE: SPG) shares.