Northstar Realty reports Q2 net loss (42c), compared to (13c) a year ago Second quarter 2014 net loss includes $(52.7) million of non-cash fair value adjustments primarily related to an increase in the fair value of our consolidated CDO liabilities, compared to $(41.9) million of non-cash fair value adjustments for the second quarter 2013; Reports Q2 CAD 58c. Report Q2 revenue $119.36M, compared to $65.21M a year ago.
Northstar Realty index inclusion a catalyst, says FBR Capital FBR Capital views Northstar Realty's upcoming addition to the MSCI U.S. REIT Index as both a short- and long-term positive catalyst. FBR believes passive funds that benchmark to the index may need to own the stock and that the inclusion "could open the gates" for more participation and ownership by active REIT-dedicated investors. Vanguard alone may need to buy 23M shares of the stock with index inclusion, it points out. The firm has an Outperform rating on Northstar with a $22 price target.