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Simon Forms JV with McArthurGlen – Analyst Blog

Wed, 05 Jun 2013 19:14:01 -0400

In compliance with the strategy of strengthening its international footprint, Simon Property penned a JV deal with McArthurGlen Group, a leading European Designer outlets operator.

Simon Property Group And McArthurGlen Group Form Joint Venture For European Designer Outlets

Mon, 03 Jun 2013 12:54:55 -0400

Simon Property Group, (NYSE: SPG) and McArthurGlen Group announced today that they have signed a definitive agreement to form a joint venture through which SPG will invest in McArthurGlen, the leader in upscale, European designer outlets.

Under the terms of the agreement, which is subject to customary closing conditions, SPG will acquire

(EQR) Equity Residential’s Earnings Miss by a Penny

Thu, 16 May 2013 16:06:07 -0400

Equity Residential’s (EQR) core funds from operations (FFO) per share in the first quarter of 2013...

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Where Your Kid Ought to Work

Mon, 06 May 2013 17:23:20 -0400

Aimco’s Earnings Beat by a Penny – Analyst Blog

Fri, 03 May 2013 17:50:01 -0400

Aimco reported pro forma FFO of 48 cents per share, exceeding the Zacks Consensus Estimate by a cent and the year-ago quarter's FFO per share by 8 cents.

Host Hotels Earnings Top, Guides Higher – Analyst Blog

Fri, 03 May 2013 14:37:01 -0400

Host Hotels reported first-quarter 2013 adjusted FFO per share of 28 cents, beating both the Zacks Consensus Estimate and the year ago FFO per share by 4 cents.

BRE’s Earnings Miss by a Penny – Analyst Blog

Thu, 02 May 2013 14:45:01 -0400

BRE Properties Inc.'s first-quarter 2013 core fund from operations (FFO) of 58 cents per share fell a penny short of the Zacks Consensus Estimate of 59 cents.

EQR’s Earnings Miss by a Penny – Analyst Blog

Wed, 01 May 2013 15:39:01 -0400

Equity Residential's core FFO per share in the first quarter of 2013 reached 64 cents, a penny short of the Zacks Consensus Estimate but up 3 cents year over year.

Benzinga Market Primer: Monday, April 29

Mon, 29 Apr 2013 06:20:42 -0400

Futures Rise on Stimulus Hopes Despite Weak GDP

U.S. equity futures rose in early pre-market trade following gains in Europe on hopes of a rate cut from the European Central Bank this Thursday as markets shrugged off the weak GDP report from last Friday. The ECB is expected to cut the

SPG Beats Earnings, Guides Higher – Analyst Blog

Fri, 26 Apr 2013 12:44:01 -0400

Simon Property reported first-quarter 2013 FFO per share of $2.05, beating the Zacks Consensus Estimate by 4 cents.

CBRE’s Earnings a Penny Short – Analyst Blog

Fri, 26 Apr 2013 11:56:01 -0400

CBRE reported first-quarter 2013 adjusted earnings of 16 cents per share, which missed the Zacks Consensus Estimate by a penny.

Simon Property Group Q1 FFO Rises 14%; Results Top Estimates (SPG)

Fri, 26 Apr 2013 09:23:45 -0400

Before the opening bell on Friday, retail-focused real estate investment trust Simon Property Group Inc. (SPG) reported a lower first quarter net income. However, funds from operations rose, topping Wall Street estimates. The Indianapolis, Indiana-based company posted a first quarter net income of $283.1 million, or 91 cents per share, down from $645.4 million, or [...]

Earnings Scheduled For April 26, 2013

Fri, 26 Apr 2013 04:14:25 -0400

American Electric Power Co (NYSE: AEP) is estimated to report its Q1 earnings at $0.80 per share on revenue of $3.78 billion.

ACCO Brands (NYSE: ACCO) is expected to report its Q1 earnings at $0.00 per share on revenue of $386.18 million.

Burger King Worldwide (NYSE:

Vornado Reaps $241M from LNR Deal – Analyst Blog

Tue, 23 Apr 2013 19:50:01 -0400

Vornado Realty Trust reaped around $241 million as net proceeds from the sale of LNR Property LLC, in which Vornado owned a 26.2% stake.

SPG Opens 9th Premium Outlet In Japan – Analyst Blog

Mon, 22 Apr 2013 18:10:01 -0400

Recently, Simon Property in collaboration with Mitsubishi Estate Co., Ltd., opened its 9th Premium Outlet Center in Japan.

Mack-Cali Stays Neutral – Analyst Blog

Fri, 19 Apr 2013 19:05:01 -0400

On Apr 18, 2013, we reiterated our long-term recommendation on Mack-Cali Realty Corp., an Edison, N.J.-based real estate investment trust (REIT), at Neutral.

(REG) Regency Centers Sells Assets – Rating Affirmed

Thu, 18 Apr 2013 17:03:16 -0400

Regency Centers Corporation (REG) disclosed that the company and its partners have chosen to vend...

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Vornado to Realize $69M Gain in 2Q – Analyst Blog

Wed, 17 Apr 2013 16:05:01 -0400

Vornado Realty Trust will realize a net gain of $69 million in the second quarter from the sale of two assets located in San Jose and Philadelphia.

Regency Vends Assets, Rating Affirmed – Analyst Blog

Fri, 12 Apr 2013 12:33:01 -0400

Regency Centers disclosed that the company and its partners have chosen to vend the entire assets owned in Regency Retail Partners LP.

BMO Capital Markets Starts Simon Property Group at “Market Perform”; Looking for Pullback for Better Entry Point (SPG)

Fri, 12 Apr 2013 08:17:35 -0400

On Thursday, analysts at BMO Capital Markets initiated coverage of mall and outlet store-focused real estate investment trust Simon Property Group, Inc (SPG) with a tepid rating, recommending investors to seek pullback for a better entry point. The analysts rate SPG as “Market Perform” and see shares reaching $175. This target suggests a slight upside [...]

Mack-Cali Vends Hawthorne Property – Analyst Blog

Thu, 11 Apr 2013 11:20:01 -0400

Mack-Cali sold a Hawthorne-based office property to New York Medical College.

UPDATE: BMO Capital Markets Initiates Simon Property Group with Market Perform Awaiting Better Entry Point

Thu, 11 Apr 2013 11:11:49 -0400

In a report published Thursday, BMO Capital Markets analyst Paul E. Adornato initiated coverage on Simon Property Group (NYSE: SPG) with a Market Perform rating and $175.00 price target.

In the report, Adornato noted, “We are initiating coverage of Simon Property Group, the largest owner of malls and fashion

Mack-Cali Closes Alterra IB deal – Analyst Blog

Tue, 09 Apr 2013 16:45:01 -0400

Mack-Cali acquired a luxury multi-family property - Alterra at Overlook Ridge IB - in Metro Boston. The company shelled out around $88 million for this acquisition.

“Don’t Go, Apple Guy!” – Who’s Heartbroken Over Ron Johnson’s Booting From JC Penney

Tue, 09 Apr 2013 10:59:56 -0400

Simon Property Soars to New 52-Week High – Analyst Blog

Mon, 08 Apr 2013 18:20:01 -0400

Shares of Simon Property Group Inc. touched a 52-week high of $166.30 on Friday, Apr 5, 2013, as it gained momentum from better-than-expected fourth-quarter 2012 results.

Rating Upgrade for Health Care REIT – Analyst Blog

Fri, 05 Apr 2013 11:10:01 -0400

Health Care REIT received a rating upgrade from Standard & Poor's Ratings Services and now enjoys a corporate credit rating to BBB from BBB- with a stable outlook.

Digital Realty Clinches Delta Deal – Analyst Blog

Tue, 02 Apr 2013 18:00:01 -0400

Digital Realty closed the acquisition of 1500 Towerview Road in Eagan, Minn. The company shelled out $37 million for this data center facility, which is leased fully to Delta Air Lines.

ADC Extends Lease Deal with Kmart – Analyst Blog

Tue, 02 Apr 2013 11:30:01 -0400

Agree Realty inked a lease extension deal with Kmart at 2 retail properties.

Boston Properties Seals Land Parcel Buyout – Analyst Blog

Thu, 28 Mar 2013 20:10:01 -0400

Boston Properties in JV with Hines acquired a land parcel - 101 First Street, next to the Transbay Terminal.

Terreno Realty Buys Burien Assets – Analyst Blog

Tue, 26 Mar 2013 11:40:01 -0400

Terreno Realty Corporation recently announced the acquisition of an industrial property in Burien, Wash. The company shelled out approximately $6.5 million for this purchase.

Simon Property Stays Outperform – Analyst Blog

Mon, 25 Mar 2013 18:07:01 -0400

On Mar 22, 2013, we reiterated our long-term recommendation on Simon Property Group Inc. at Outperform.

Buy Your Retirement Real Estate Now and Save Money

Mon, 25 Mar 2013 13:52:11 -0400

You may not be ready to retire yet, but that does not mean you shouldn’t be thinking about where you will live when you do.

CNBC reported that with home values down more than 50 percent from the height of the housing market – and starting to rise again –

REIT ETFs: Real Winners in 2013? – ETF News And Commentary

Mon, 25 Mar 2013 13:00:01 -0400

Are REIT ETFs the place to be in 2013?

(PEB) Pebblebrook Hotel Trust Announces Dividend Hike

Sun, 24 Mar 2013 13:06:43 -0400

Pebblebrook Hotel Trust (PEB) – a real estate investment trust (REIT) – recently announced a 33%...

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UDR Inc. Raises Dividend – Analyst Blog

Wed, 20 Mar 2013 11:40:01 -0400

UDR recently announced a 7% hike in its quarterly cash dividend rate and will now pay a dividend of 23.5 cents per share for first-quarter 2013, up from 22 cents paid earlier.

Dividend Hike at Pebblebrook – Analyst Blog

Mon, 18 Mar 2013 18:10:01 -0400

Pebblebrook Hotel Trust recently announced a 33% hike in its quarterly cash dividend rate and will now pay a dividend of 16 cents per share for first-quarter 2013.

CBRE Group Remains Neutral – Analyst Blog

Mon, 18 Mar 2013 14:50:01 -0400

On Mar 15, we reiterated our long-term recommendation on CBRE Group at Neutral.

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

Fri, 15 Mar 2013 16:34:10 -0400

The U.S. Real Estate Investment Trust (REIT) industry has carved a niche for itself and is now an...

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Fitch Affirms Simon’s Ratings – Analyst Blog

Wed, 13 Mar 2013 17:30:01 -0400

Recently, Fitch Ratings affirmed Simon Property Group Inc.'s (SPG) and its operating partnership's Issuer Default Rating at 'A-' with a Stable outlook.

Terreno Inks Lease Extension Deal – Analyst Blog

Tue, 12 Mar 2013 10:50:01 -0400

Terreno Realty inked a lease month-to-month extension deal with a fresh produce distribution company.

Taubman Raises Dividend – Analyst Blog

Mon, 11 Mar 2013 19:16:01 -0400

Taubman Centers announced an 8.1% hike in its quarterly cash dividend rate and will now pay a dividend of 50 cents per share, up from 46.25 cents paid earlier.

Dividend Hike at Agree Realty – Analyst Blog

Fri, 08 Mar 2013 10:50:01 -0500

Agree Realty recently announced a 2.5% hike in its quarterly cash dividend rate. The company will now pay a dividend of 41 cents per share for first quarter 2013.

REIT Industry Review & Stock Picks – March 2013 – Industry Outlook

Tue, 05 Mar 2013 14:54:01 -0500

REIT stocks have outperformed the broader equity market in 2012 for the 4th straight year.

An ETF For Attractive Big Bank Stocks

Fri, 01 Mar 2013 14:52:05 -0500

Despite recently increasing calls for a broader market pullback, the financial services sector has held up well. In February, the Financial Services Select Sector SPDR (NYSE: XLF) lost just 0.11 percent and the ETF is still up nearly eight percent year-to-date.

Home to 84 stocks, XLF is not concentrated

St. Joe Misses 4Q Estimates – Analyst Blog

Fri, 01 Mar 2013 11:50:01 -0500

St. Joe reported its fourth quarter results with loss per share of 9 cents, missing the Zacks Consensus Estimate of earnings of a penny.

Vornado’s CEO to Step Down – Analyst Blog

Thu, 28 Feb 2013 13:30:01 -0500

Vornado announced the retirement of its CEO, Michael D. Fascitelli, effective Apr 15, 2013.

3 ETFs Rallying Before Sequester Storm – ETF News And Commentary

Thu, 28 Feb 2013 11:14:01 -0500

These three housing and real estate ETFs could be interesting plays in the current market environment.

Vornado Posts Strong 4Q – Analyst Blog

Wed, 27 Feb 2013 09:20:01 -0500

Vornado reported fourth-quarter results with adjusted FFO beating the Zacks Consensus Estimate by 7 cents.

Host Hotels Hikes Dividend – Analyst Blog

Mon, 25 Feb 2013 18:15:01 -0500

Earlier this week, Host Hotels & Resorts Inc. -- a real estate investment trust (REIT) -- announced an 11% sequential hike in its quarterly cash dividend rate.

Host Hotels Beats on Both Lines – Analyst Blog

Thu, 21 Feb 2013 14:20:01 -0500

Host Hotels reported fourth quarter results with adjusted FFO per share beating the Zacks Consensus Estimate by 3 cents.