New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 25, 2014
07:07 EDTSLG, HCN, ARE, UDR, HIW, BRX, TCO, HCP, AVBMitsubishi UFJ to hold a conference
Property REIT Conference to be held in New York on June 25.
News For ARE;AVB;BRX;HCN;HCP;HIW;SLG;TCO;UDR From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
April 1, 2015
07:43 EDTAVBBofA/Merrill strategist holds an analyst/industry conference call
Subscribe for More Information
March 31, 2015
10:01 EDTHCPOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
March 30, 2015
17:38 EDTHCPHCP upgraded to Buy from Neutral at UBS
Subscribe for More Information
16:12 EDTHCPHCP upgraded to Buy from Neutral at UBS
Subscribe for More Information
13:01 EDTHCPOptions with increasing volume
Subscribe for More Information
10:28 EDTHCPHCP sees 2015 adjusted FFO $3.06-$3.12, consensus $3.19
Subscribe for More Information
08:17 EDTHCPHCP, HCR ManorCare amend, extend master lease
HCP (HCP) and HCR ManorCare (CG) have agreed to amend their Master Lease encompassing a portfolio of 333 post-acute, skilled nursing and assisted living facilities owned by HCP. Commencing April 1, HCP will provide an annual net rent reduction of $68M, which equates to initial lease year rent of $473M, compared to $541M that would have commenced April 1, prior to the amendment. The contractual rent will increase by 3.0% annually during the initial term. In exchange, HCP will receive the following consideration: Fee ownership in nine new post-acute facilities valued at $275M with a median age of four years, currently owned and operated by HCRMC; A second lease receivable with an initial amount of $250M, payable by HCRMC upon the earlier of: (i) end of the initial term of the first renewal pool under the Amended Master Lease, or (ii) certain capital or liquidity events of HCRMC, including an IPO or sale. HCP and HCRMC continue to advance their efforts on the previously disclosed marketing of up to 50 non-strategic facilities. The asset sales are expected to be completed in late 2015 to early 2016, and generate net proceeds between $250M-$350M. Based on the previously announced 7.75% yield on sale proceeds to HCP, this will result in an annual rent reduction under the Amended Master Lease between $19M-$27M after completion.
March 26, 2015
16:09 EDTUDRUDR increases annualized dividend 7%
UDR announced that its board declared a regular quarterly dividend on its common stock for Q1 in the amount of 27.75c per share, payable in cash on April 30 to UDR common stock shareholders of record as of April 16. The April 30 dividend will be the 170th consecutive quarterly dividend paid by the company on its common stock. As previously announced in February, the company’s annualized and declared common dividend of $1.11 per share for 2015 represents a 7% increase over the annualized and declared common dividend of $1.04 per share in 2014.
March 24, 2015
08:53 EDTUDRMorgan Stanley to hold a tour
Subscribe for More Information
March 23, 2015
17:48 EDTBRXBrixmor 22.5M share Secondary priced at $26.38
BofA/Merrill, Citigroup, JPMorgan and Wells Fargo acted as joint book running managers for the offering.
06:12 EDTBRXBrixmor files to sell 22.5M shares for holders
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use