REIT News Archives

“As we look forward to 2008, the volatility in the capital markets has increased uncertainty in the business climate”

Shares of Duke Realty Corp. decreased Thursday, a day after the real estate investment trust reduced its full-year guidance due to concerns over the disrupted credit markets and the economy's future. via BusinessWeek

“Much of the forecast supply is yet to come on line and with markets continuing to exhibit strong demand fundamentals, hotel owners will benefit from continuing high returns”

The re-emergence of South East Asian hotel investors in Australia is set to gain pace during 2008, as well as the emergence of the oil nations. via EHotelier Global Hospitality News

The boom in launching diversified mortgage REITs during the mid-2000s has officially busted. via Seeking Alpha

“As a result, the asset class had returned to more reasonable relative valuations.”

ICF / IYR / VNQ As the subprime meltdown continues and credit markets swoon, exchange-traded funds [ETFs] focusing on real estate are showing signs of life. via Seeking Alpha

U.S. real estate investment trusts face a pivotal year of moderating operating performance and sound but weakening financial profiles, according to Fitch Ratings in its annual REIT scorecard. via RiskCenter.com

Jan 29, 2008 By: Dees Stribling, Contributing Correspondent Health-care REIT Ventas Inc. via Commercial Property News

“In retrospect, the company's fourth-quarter expectations were too optimistic in an uneven economic environment”

DiamondRock Hospitality Co. said last week its fourth-quarter and 2007 profits are lower than expected due to slowed demand at its hotels in Chicago and Boston. via Hotel Online

Commercial Real Estate and Real Estate Investment Trusts First Horizon To End National Home Builder, Commercial Real Estate Lending "First Horizon National Corp. via Seeking Alpha

“We expect the U.S. office REITs to report good results in the fourth quarter, but temper their outlooks for the remainder of the year”

Highwoods Properties, one of the biggest suburban office landlords in the Southeast, said its profitability in 2007 likely rose higher than expected. via News Observer

“The market isn't saying that [SL Green Chief Executive Marc] Holliday is stupid”

Memo to buyers of commercial real estate who might have cash burning holes in their pockets: Sit tight. via MarketWatch

“Quite frankly, we would be surprised if the company accepts an offer below $50”

REITs soared on Wednesday, Jan. 23, as the broader markets also gained ground. The MSCI US REIT Index and the SNL US REIT Equity Index posted their highest one-day gains ever. via SNL Financial

“Prices of most Reits have tumbled with the rest of the market, making their distribution yields very attractive at this point in time”

WITH the dramatic dives and equally dramatic rebounds in stock markets recently, investors with frayed nerves may want to put their money in more cautious channels. via The Straits Times

“Over half our portfolio used to be in the Alberta market, which is still having quite strong job growth. It looks like migration to the province is still doing quite well and again we're very well positioned in that market to take advantage of that”

REIT investors looking for defensive plays may want to consider our northern neighbor. via SNL Financial

This amount represents an increase of 3,300,000 shares from the 11,000,000 shares previously announced. via PR-inside.com

No one knows if the Fed's aggressive 75-basis-point cut in interest rates on Tuesday will soothe the markets and stabilize the economy. via Seeking Alpha

“Inland American is a cash raising machine, even in the current environment.”

Shares of Cedar Shopping Centers Inc. rose Wednesday after an analyst upgraded the stock on a report that an investor may seek control of the real estate investment trust. via Canadian Business Magazine

“The early leaders in a market recovery tend to be banks, REITs (real estate investment trusts) and homebuilders as these are the groups that typically would benefit first from a turnaround. And those have been the market leaders this week”

Wall Street bounced around in extremely volatile trading Wednesday, as bargain hunters entered the market and lifted stocks up from their steep losses. via NY Daily News

“It will depend on the real estate market at that time.”

Real estate developer Emaar MGF which today said its proposed initial public initial offer was on track for February 1, is planning to launch a real estate investment trust in Singapore. via Business Standard

“EPRA is extremely interested to play its role together with this group”

EPRA, the European association of listed property companies, in a reversal of stance, is in talks to provide technical assistance for a coalition of national and regional groupings lobbying for the European ... via SNL Financial

“We are very pleased to be working with Wolters Kluwer Financial Services to bring additional tax accounting and reporting capabilities to our clients”

Through this offering, U.S. Bancorp Fund Services will rely on the integrated capabilities of Wolters Kluwer Financial Services' GainsKeeper FundTax Pro, a tax reporting solution, and Advent's Geneva , Advent's ... via Earth Times

“There's great buying opportunity ahead”

Investors are wondering when the price will be right for battered REITs. REITs, or real estate investment trusts, own and invest in commercial property. via USA Today

Jan 18, 2008 By: Barbra Murray, Contributing Editor Mission Bay Plaza, a 273,000 square-foot shopping center in Boca Raton, Fla., has become the latest addition to a joint venture involving Ramco-Gershenson ... via Commercial Property News

“They're saying 'I don't have enough international,' but what they mean is 'International funds have done really well lately, so I need to put more money there,' ”

For investors who bought real estate funds over the last few years, their year-end statement has provided a jolt, and created a need for self-evaluation. The problem is that most people react to having their ... via San Francisco Chronicle

It was a Maalox kind of year. But that's what it takes to build vocabulary. Today, everyone in America has a visceral understanding of the word volatility . via Dallas Morning News

Some days it just doesn't seem that getting out of bed was worth it. You know - ' those days when the entire computer screen for your portfolio shows all red numbers. via ETF Investor

“RMZ has also held above 780 level despite negative economic and financial sector news this week. REITs now trade at average 5.1% dividend yield (vs. 3.0% utilities), offering cover to those playing defense”

REITs finished the week lower Friday, as the broader markets also traded off. The UBS REIT analyst team said in a weekly report dated Jan. via SNL Financial

Crombie Real Estate Investment Trust announced that, as of January 1, 2008, Crombie believes it has organized its assets and operations to permit Crombie to satisfy the criteria contained in the Income Tax Act ... via Canada NewsWire

The sale of Boston Capital Real Estate Investment Trust Inc. to BPG Properties Ltd. via Boston Business Journal

Today's interview is with senior analyst Greg Sukenik, who discusses Sears , Mid America and Public Storage . via PR-inside.com

“ProLogis strives to be the market leader in all aspects of its industry ...”

Distribution center owner ProLogis , already a leader in sustainable development, will seek LEED certification for all its new U.S. buildings starting in 2008. via REITS & Finance News

DUNDEE REIT today announced a cash distribution of $0.183 per REIT Unit, Series A for the month of January . via Customer Interaction Solutions

“Management believed, given the higher level of equity markets and valuations for REITs at that time, the prudent utilization of its Unit buyback was a good use of funds.”

Canadian Apartment Properties REIT responded to an article published by a freelance columnist for Canada's Globe and Mail on Jan. via SNL Financial

There is no denying that real estate investment trusts [REITs], as a whole, have hit on harder times. via Zacks Analyst Interviews

“BBB+'; --Preferred shares to 'BBB-”

The downgrades center on the sustained increase in the company's leverage ratios, and particularly the deterioration of Duke's ratio of undepreciated unencumbered assets to unsecured debt in recent periods. via PR-inside.com

“As an additional benefit of the DRIP, participants will receive bonus units equal to 4% of their monthly cash distributions reinvested through the Plan.”

InStorage Real Estate Investment Trust announced today that, effective immediately, unitholders may enroll in its new Distribution Reinvestment Plan . via Canada NewsWire

“There hasn't been a whole lot of activity, and I don't believe there will be until some of these macroeconomic issues are resolved”

M&A deal volume in the commercial real estate space declined throughout 2007. Only two M&A transactions were announced in the fourth quarter, down from five in the third quarter and seven in the 2006 fourth ... via SNL Financial

For an investor already diversified among equities, real estate is a solid instrument for overall portfolio diversification. via The China Stock Blog

“W continues to extend beyond the boundaries of everyday travel, offering a magical mix of sexy destinations and sublime design”

REITs dipped into the red as the broader markets ended higher Monday, Jan. 14. The MSCI US REIT Index fell 0.23% to 806.04, and the SNL US REIT Equity Index lost 0.17% to 207.59, with 50 winners, 62 losers and ... via SNL Financial

“Having enough money for retirement is an important goal for many Canadians”

WINNIPEG, Jan. 14 /CNW/ - Investors Group today announced the launch of two new funds: > The new funds will be focused on long-term capital appreciation and current income. via CNW Group

“Throughout the entirety of the multi-tiered transaction, W. P. Carey was knowledgeable, professional and always available to address the particular complexities and requirements of all parties.”

LLC announced today that CPA :16 - Global, its publicly held, non-traded REIT affiliate, has purchased a cold storage facility from The Schwan Food Company for approximately $25 million . via Dairy Field

“We are starting to get into the outer fringes of how far these yield spreads have historically gone.”

It's been a rocky start to the year on the stock markets, but adversity often creates opportunity. via Montreal Gazette

In a recent edition of Value Investor Insight , investor Wally Weitz explained why he believes the market is mispricing Redwood Trust . via Seeking Alpha

Weekly Top Insider Buys: NuStar Energy L.P., Smithfield Foods Inc., CBL & Associates Properties Inc., American Capital Strategies Ltd., and Hormel Foods Corp. via GuruFocus.com

“From a value maximization point of view, the exact date of the IPO depends on a positive capital market environment”

Very weak real estate share prices could delay German companies converting to REIT status although market-leading property corporation IVG Immobilien AG is preparing its entry to become the country's third REIT ... via SNL Financial

Colonial Properties Trust announced that it has successfully added $175 million of additional borrowing capacity through the accordion feature in its existing unsecured revolving credit facility, thereby ... via Business Wire

“From an operational standpoint we expect to outperform in '08, given our international platform”

REITS WERE PUMMELED LAST year after many years as stock-market darlings. Shares of real-estate investment trusts fell more than 20% amid concerns about a slowing economy and a freeze in the capital markets, ... via SmartMoney

Allied Properties REIT announced today that it has completed the previously announced acquisitions of 544 King Street West and 7-9 Morrison Street in Toronto and 72 Victoria Street in Kitchener. via Earth Times

Cousins Properties Incorporated announced today that it repurchased 628,500 shares of its common stock during the fourth quarter of 2007, bringing the total number of shares repurchased in 2007 to more than ... via Business Wire

“With RM315 million worth of assets in eight properties (with 1.56 million sq ft of office and warehouse space) presently being held or developed by the private equity side, Axis REIT will not be short of potential new assets”

Axis REIT's growth strategy for 2008 will focus on third party acquisitions and pipeline of projects from the private equity side. via Theedgedaily.com

The following excerpts explain why Zacks real estate analyst Greg Sukenik remains neutral on Duke Realty Corporation the real estate investment trust : "Better-than-expected leasing activity and lower expenses ... via Zacks Analyst Blog

LTC Properties, Inc. announced today that the National Association of Real Estate Investment Trusts , now classifies the Company as an equity REIT. via Business Wire

Tabitha Zane, 919-431-1529 Vice President, Investor Relations Highwoods Properties, Inc. via PR-inside.com

Pittsburgh Business Times - by Ben Semmes Cohen & Grigsby PC, Pittsburgh's sixth-largest law firm, has signed a lease to take about 85,000 square feet of space at Dominion Tower. via Pittsburgh Business Times

“They see how the range of property types and repositioning strategies in the portfolio can help add diversity to their holdings, as well as recognize the potential for value creation inherent in these types of investments.”

Behringer Harvard Opportunity REIT I, Inc., a non-traded real estate investment trust , reached full subscription. via Huliq.com

“They have added key senior level staff, put new operating and training systems in place and are expected to be fully up to speed with these changes by the end of this quarter.”

Supertel Hospitality, Inc. , a real estate investment trust which owns 125 hotels in the limited-service, economy and economy extended-stay sectors, today announced that it completed the previously announced ... via Hotel News Resource

Lanesborough Real Estate Investment Trust announced today the issuance of an aggregate of 370,000 incentive options to purchase its trust units , exercisable at $5.10 per Unit to each of the independent ... via Canada NewsWire

G REIT, Inc. today announced that the Company intends to enter into a liquidating trust agreement on or about January 22, 2008, for the purpose of winding up the Company's affairs and liquidating its assets. via The South Mississippi Sun Herald

Can you deduct rent you pay to yourself, but then not pay tax on the same income? A North Carolina Judge has ruled that Wal-Mart may not . via Roth & Company, P.C.

“The increasing likelihood of a recession and challenging credit markets raises the specter of disappointing operating results”

Real estate investment trusts, which for seven straight years outperformed the broader stock market, failed to repeat in 2007 as an iffy credit environment sapped confidence. via News Observer

“The initial size of the (Singapore) REIT is about US$250 million or S$350 million”

PENANG: Amanah Raya Bhd has set an ambitious target this year of tripling the size of its listed property trust AmanahRaya REIT to RM2 billion, from RM641 million as at December 2007. via Theedgedaily.com

For many unsuspecting investors, 2007 was a year in which the conventional wisdom about safety and risk got a sound thrashing. via The Boston Globe

“The demand for that type of retail doesn't really fluctuate too much”

AS concerns mount about the credit crisis and its effects on the economy, money managers have been urging investors to use a more defensive tack when choosing real estate investment trusts. via New York Times

Shares of real estate investment trusts declined Wednesday after a Citi analyst issued a tepid outlook for the sector this year and downgraded six REIT stocks. via San Diego Source

“My 401(k) is overloaded with REITs. I'd better sell them now!”

Cheryl Allebrand Bankrate.com Think of how important your retirement savings are. via Fox News

“Our regulations focus on transparency, improved disclosure of financial information, as well as corporate controls, governance and ethics, all brought in line with high international standards.”

The Israel Securities Authority is in advanced talks to sign a mutual recognition agreement with a leading European securities authority. via Jerusalem Post

Lauderdale, Florida market, has been instrumental in closing a lease transaction for nearly 10,000 sq. via PR-inside.com

“In this environment we want to emphasize companies with higher-quality portfolios, strong balance sheets, and opportunities for accretive growth”

So seven years it was. After so many consecutive years of outperforming the broader markets, the SNL U.S. REIT Equity Index produced total returns of negative 15.83% for the year, a drop-off from last year's ... via SNL Financial

Last year will be remembered for many things, but calm investment waters won't be one of them. via The US Market Blog

Jan 2, 2008 By: Mike Fickes, Contributing Correspondent New York City-based Care Investment Trust Inc. via Commercial Property News

Susquehanna Bancshares, Inc., a regional financial services holding company, has entered into an agreement to acquire Stratton Holding Company, an investment management company with approximately $3 billion in ... via Business Wire

“We have superior tenants in place and have further diversified and strengthened our portfolio with this acquisition.”

Grubb & Ellis Healthcare REIT, Inc. has acquired Park Place Office Park in Dayton, Ohio. via Earth Times