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News Breaks | | | | September 5, 2012 | | 14:25 EDT |  | AIV, AIV, FR, FR, WPC, WPC, HCN, HCN, IRET, IRET, IRC, IRC, ALEX, ALEX, AKR, AKR, EQR, EQR, CLP, CLP | BMO Capital to host a conference
7th Annual North American Real Estate Conference is being held in Chicago on September 5-6 with webcasted presentations to begin on September 5 at 2:30 pm; not all presentations may be webcasted. Webcast Link | |
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News For AIV;EQR;AKR;ALEX;IRC;IRET;HCN;WPC;FR;CLP From The Last 14 Days Check below for free stories on AIV;EQR;AKR;ALEX;IRC;IRET;HCN;WPC;FR;CLP the last two weeks. |
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| May 16, 2013 | | 16:39 EDT |  | IRET | Investors Real Estate announces disposition of Eagan Retail Properties
 Subscribe for More Information | | | May 14, 2013 | | 16:56 EDT | | IRET | Investors Real Estate's operating partnership sells four properties
Investors Real Estate Trust announced that its operating partnership, IRET Properties, closed on the sale of four commercial industrial properties from its portfolio on May 13. In accordance with the company's strategic plan, IRET is continuing to dispose of selected assets and reallocate sales proceeds to development projects and deleveraging its balance sheet. | | | May 13, 2013 | | 08:21 EDT | | WPC | W.P. Carey says CPA:18-Global REIT commences $1B offering
W. P. Carey announced that the registration statement for Corporate Property Associates 18 - Global ,or CPA:18 - Global, a new publicly-registered non-traded REIT offering that seeks to build a global portfolio of income-generating commercial properties and real estate-related assets, has been declared effective by the Securities and Exchange Commission. CPA:18 - Global has commenced a capital raise of up to $1B, W. P. Carey said. | | | May 9, 2013 | | 16:10 EDT |  | ALEX | Alexander & Baldwin reports Q1 adj. EPS 12c, consensus 5c
Subscribe for More Information | | | 10:08 EDT |  | ALEX | On The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Chicago Bridge & Iron (CBI) initiated with a Buy at Deutsche Bank... Fluor (FLR) initiated with a Buy at Deutsche Bank... Infinity Pharmaceuticals (INFI) initiated with an Outperform at Wells Fargo... Jacobs Engineering (JEC) initiated with a Hold at Deutsche Bank... KBR (KBR) initiated with a Buy at Deutsche Bank... MasTec (MTZ) initiated with a Buy at Deutsche Bank... McDermott (MDR) initiated with a Hold at Deutsche Bank... Merit Medical (MMSI) initiated with a Hold at Benchmark Co... Ocean Power (OPTT) initiated with a Strong Buy at Ascendiant Capital... Quanta Services (PWR) initiated with a Buy at Deutsche Bank... ZELTIQ Aesthetics (ZLTQ) initiated with a Buy at Maxim... Evercore Partners (EVR) initiated with a Positive at Susquehanna... Alexander & Baldwin (ALEX) initiated with an Outperform at JMP Securities... Myriad Genetics (MYGN) coverage resumed with an Overweight at Stephens... Pinnacle Foods (PF) initiated with a Buy at Janney Capital. | | | 08:45 EDT | | IRC | Inland Real Estate backs FY13 FFO 88c-92c, consensus 91c
Still sees consolidated same store NOI to increase by 1%-2% and consolidated same store financial occupancy at year-end 2013 to range from 89%-90%. | | | 08:43 EDT | | IRC | Inland Real Estate reports Q1 adjusted FFO 22c, consensus 22c
Reports Q1 revenue $40.9M, one estimate $38.8M. | | | 07:58 EDT | | ALEX | Alexander & Baldwin initiated with an Outperform at JMP Securities
Subscribe for More Information | | | May 8, 2013 | | 17:31 EDT |  | HCN | Health Care REIT 20M share Spot Secondary priced at $73.50
The deal size was increased to 20M shares from 18M shares. UBS, Deutsche Bank and Wells Fargo acted as joint book running managers for the offering. | | | 07:53 EDT | | HCN | Health Care REIT files to sell 18M shares of common stock
UBS Investment Bank, Deutsche Bank Securities, and Wells Fargo Securities will act as joint book-running managers for the offering. | | | | 06:02 EDT | | HCN | Health Care REIT agrees for $1.35B investment with Revera
Health Care REIT announced that the company will partner with Revera to own 47 high-quality seniors housing communities with approximately 5,000 units located in major Canadian metropolitan markets. When the transaction is completed, Health Care REIT will own a 75% interest in the approximately $1.35B portfolio and Revera will own the remaining 25% interest. The portfolio, which is currently 100% owned by Revera, is primarily comprised of independent living communities, with many offering a continuum of care that includes assisted living and/or memory care. Following the closing of the transaction, Revera will continue to manage the communities under an incentive-based management contract. The transaction is expected to close in the second quarter of 2013 and has been approved by each company's board of directors. | | | May 7, 2013 | | 16:57 EDT | | IRET | Investors Real Estate announces recent acquisition, disposition activity
Investors Real Estate announced that its operating partnership, IRET Properties, recently completed its acquisition of Whispering Ridge Apartments, a nine-building, 336-unit apartment property constructed in 2010 on approximately 18 acres in northwest Omaha, NE. With this acquisition, IRET Properties now owns approximately 1,370 apartment units in the Omaha/Lincoln area, IRET's largest apartment market. IRET is continuing to focus its acquisition and development efforts on the markets in which it currently operates, in accordance with the company's strategic plan. The Whispering Ridge Apartments property was acquired for a purchase price of approximately $28.3M, of which approximately $2.5M consisted of UPREIT exchange contributions. Whispering Ridge Apartments will be internally managed by IRET Properties. IRET also announced today the recent completion of the acquisition by IRET Properties of the Alps Park Apartments in Rapid City, SD for a purchase price of approximately $6.2M, including the issuance of UPREIT units of IRET Properties valued at approximately $3.3M. The property was constructed in 1995, and consists of 71 apartment units on approximately 3.23 acres. The Alps Park Apartments will also be internally managed by IRET Properties. In addition to the recently-acquired Alps Park Apartments, IRET Properties also owns the 109 unit Canyon Lake Apartments and the 90 unit Pointe West Apartments in Rapid City. | | | 07:39 EDT | | HCN | Health Care REIT sees FY13 normalized FFO $3.70-$3.80, consensus $3.77
The company affirms its 2013 guidance and assumptions as previously announced on February 25. As previously announced, the company completed its acquisition of Sunrise, the sale of the Sunrise management company, and the acceleration of all planned joint venture buy-outs. The company’s investment in Sunrise properties is currently $3.5B, and the company expects that investment to increase to $4.3B by July upon exercise of the company’s rights to acquire additional joint venture partner interests at fixed purchase prices. The $4.3B investment is expected to include 120 wholly owned properties and five joint venture properties. The company expects the $4.3B acquisition to generate a 6.5% unlevered initial yield, or 6.1% after capital expenditures. | | | 07:37 EDT | | HCN | Health Care REIT reports Q1 normalized FFO 91c, consensus 91c
Reports Q1 revenue $633.92M, consensus $541.53M. | | | May 6, 2013 | | 15:35 EDT | | HCN | Notable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Emerson Electric (EMR), consensus 78c; EOG Resources (EOG), consensus $1.17; DIRECTV (DTV), consensus $1.08; Health Care REIT (HCN), consensus 91c; FirstEnergy (FE), consensus 68c; Perrigo (PRGO), consensus $1.44; Charter Communications (CHTR), consensus (61c); HollyFrontier (HFC), consensus $1.73; Oaktree Capital Group (OAK), consensus $1.53; NRG Energy (NRG), consensus (28c). | | | 10:04 EDT | | WPC | On The Fly: Analyst Initiation Summary
Subscribe for More Information | | | 08:38 EDT | | WPC | W.P. Carey initiated with an Overweight at Evercore
Target $81. | |
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