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Stock Market & Financial Investment News

News Breaks
December 6, 2012
17:09 EDTAECAssociated Estates raises quarterly dividend 5.6% to 19c from 18c per share
The dividend is payable February 1, 2013 to shareholders of record on January 15, 2013.
News For AEC From The Last 14 Days
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January 28, 2015
13:48 EDTAECLand and Buildings sees Associated Estates fair value at $37/share
Land and Buildings earlier today issued an investor presentation providing a discussion of the opportunity at Associated Estates Realty (AEC). The presentation argued that Associated Estates is "grossly undervalued" with the potential for 49% upside to Land and Buildings’ fair value estimate of $37 per share. Land and Buildings seeks to replace the board of AEC with seven candidates. Land and Buildings stated, "The 20-year history of poor capital allocation and significant operational underperformance, as evidenced by our deep dive into AEC’s Florida portfolio, has created an excellent opportunity to transform Associated Estates into a best in class REIT and create significant value for all shareholders."

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