Real Estate Investment Trusts

Biggest Financial Gainers were PCBC, LXP, SNV : by Penny Stock Pick alert

Radon Mitigation Pittsburgh (Free subscription) | yesterday

( EMAILWIRE.COM , November 21, 2009 ) Dallas, TX - Pacific Capital Bancorp (NASDAQ:PCBC) soared 9.63% to $1.14. The stock hit an intraday high and an intraday low of $1.33 and $0.95 respectively. In the last six months the stock went down over 78%. Pacific Capital Bancorp is a community bank holding company providing full service banking, including consumer and commercial lending, trust and investment...

• Biggest Financial Gainers were PCBC, LXP, SNV : by Penny Stock Pick alert - EmailWire.Com

properties Investing After Sub Prime Crisis

Virtual Universal Financial (Free subscription) | yesterday

By Billy Chen Subprime storm created chaos in the U.S. around the world, the impact on businesses, as well as the average person. Reputable banks and brokerages fell drain while people lost their homes and their property. It is now one years, and fortunately, the symptoms are not so depressing. There is optimism in the air today, in part because governments have been all over the world a swift and...

Company Profile for Potlatch Corporation

Business Wire (Free subscription) | 20/11/2009

--(BUSINESS WIRE)--Potlatch Corporation is a Real Estate Investment Trust (REIT) with approximately 1.6 million acres of timberland in Arkansas, Idaho, Minnesota and Wisconsin. Potlatch, a verified forest practices leader, is committed to providing superior returns to stockholders through long-term stewardship of its forest resources. The company also conducts a land sales and development business...

Developers Diversified Declares Fourth Quarter 2009 Class G Preferred Share Dividend

PR News Wire (Free subscription) | 20/11/2009

CLEVELAND, Nov. 20 /PRNewswire-FirstCall/ -- Developers Diversified Realty Corporation (NYSE: DDR) declared its fourth quarter 2009 Preferred Class G stock dividend of $0.50 per depositary share. Each Class G depositary share is equal to one-tenth of a share of Developers Diversified's 8.00% Class G Cumulative Redeemable Preferred Stock.

Recapitalisation plan is only proposal that meets funding requirements: MI REIT

Chanel News Asia (Free subscription) | 20/11/2009

SINGAPORE: The manager of MacarthurCook Industrial REIT said its recapitalisation plan is the only proposal which meets the REIT's substantial and immediate funding requirements.

CITM not allowed to be appointed as MI-REIT's manager

Chanel News Asia (Free subscription) | 20/11/2009

SINGAPORE: The Monetary Authority of Singapore will not approve Cambridge Industrial Trust Management (CITM) to be appointed as the manager of MacarthurCook Industrial REIT (MI-REIT).

Real estate investment trusts appear to be recovering

Dallas Morning News (Free subscription) | 20/11/2009

Some REITs have sold or forfeited properties (after defaulting or being on the verge of defaulting on loans) and taken other steps to restructure their balance sheets. This year, they've seen some easing of credit markets, total returns rise and share prices rebound somewhat. Many industry watchers think publicly traded REITs hit bottom March 6 after starting their decline in early February 2007.

Simon Property Group hires advisers; analysts see possible bid for General Growth Properties

The Denver Business Journal (Free subscription) | 19/11/2009

Simon Property Group Inc., America’s largest shopping center owner, has hired two advisory firms that real estate experts could help it acquire all or part of rival General Growth Properties Inc., which is in Chapter 11 bankruptcy reorganization. (SPG)

Billionaire Sam Zell Has Choice Words for Wilbur Ross

Wall Street Pit (Free subscription) | 19/11/2009

Real estate entrepreneur Sam Zell, who in 2007 sold his his supersize real estate portfolio, Equity Office Properties Trust, to the Blackstone Group (BX) for $39 billion, had choice words Thursday for billionaire investor Wilbur Ross and all the other wannabe experts on the commercial real estate...

General Growth Soars on Debt Restructure; Looks To Exit Bankruptcy This Year

Stocks to Watch Today (Free subscription) | 19/11/2009

Shopping Mall REIT General Growth Properties (GGWP.K) is up 58 cents, or 10%, at $6.40 this afternoon, after the company, which is a favorite of activist investor Pershing Square’s Bill Ackman, said that it has restructured more than half of its secured mortgage loans, $8.9 billion, which may speed its [...]

Simon eyes General Growth’s US$30B shopping mall portfolio

Stockpreacher Penny Stock Blog (Free subscription) | 19/11/2009

Simon Property, a US shopping mall owner and property investment trust, has hired advisers to explore a possible bid for rival General Growth Properties which is operating under Chapter 11 bankruptcy protection, people familiar with the matter said Wednesday. If Simon decides to bid for GGP’s entire mall portfolio, the transaction value could be up [...]

Galleria’s parent gets mortgage deal

The St Louis Business Journal (Free subscription) | 19/11/2009

Chicago-based General Growth Properties Inc., owner of the Saint Louis Galleria, told a New York bankruptcy court Thursday that it has a deal to restructure mortgages on some 70 malls, the Wall Street Journal reported. (SPG) (GGP)

Luxury Goods

The Frontal Cortex (Free subscription) | 19/11/2009

Saks and Barneys and the rest of those luxury retailers have discovered that nothing destroys a luxury brand like a sale: All around Saks Fifth Avenue, merchandise is sold out. The $2,520 Marni shearling vest? Gone. The $5,295 Brioni leather bomber jacket? Only one left. The $1,995 over-the-knee Christian Louboutin boots? The $1,995 over-the-knee Christian Louboutin boots at Saks have sold out, unless...

Omega Health Care Investors: One Healthy REIT

SeekingAlpha.com (Free subscription) | 19/11/2009

Jim Van Meerten submits: I know there is a lot of caution in the commercial real estate market but as the population ages long-term care facilities should be a growth market. As always on Financial Tides I try to place my recommendations into one of my simulation portfolios for accountability of my recommendations. For that reason I'm adding Omega Health Care Investors ( OHI ) to my UpDown portfolio...

Boston Properties (BXP) Receives A Bullish Rating From KMP Securities

MarketIntelligenceCenter.com (Free subscription) | 19/11/2009

Boston Properties (NYSE: BXP) opened at $66.82. So far today, the stock has hit a low of $65.51 and a high of $66.82. BXP is now trading at $65.56, down $1.75 (-2.6%). The stock hit its 52-Week high of $72.23 in September and set its 52-Week low of $29.30 in March. The stock is moving lower in today's trading despite receiving a Market Perform ratin...