Business Parks (PSB) 102.92 $PSB
SL Green Signs Renewal, Expansion Deal with New York Life
Zacks Equity Research - Zacks Investment Research - Wed Jun 08, 9:08AM CDT
SL Green Realty Corp. (SLG) disclosed signing a 10-year renewal and expansion lease deal with New York Life Insurance Company at the Graybar Building.
DCT: 45.32 (-0.36), SLG: 99.64 (-0.33), PSB: 102.92 (-0.56), CLI: 26.90 (+0.44)
Troubled by Residential Real Estate? Buy These REITs Instead
Zacks Equity Research - Zacks Investment Research - Wed Jun 08, 7:54AM CDT
Things got worse for the residential REIT stocks that saw a sell-off over the past few days following a guidance cut for 2016 same store revenue by Equity Residential (EQR).
INN: 12.20 (+0.14), WPC: 67.59 (-0.02), PSB: 102.92 (-0.56), COR: 83.15 (+0.05), EQR: 64.36 (-0.06)
Prologis Reaps $1.6B in Proceeds, Exceeds Target Mid-Point
Zacks Equity Research - Zacks Investment Research - Tue Jun 07, 7:16AM CDT
Prologis Inc. (PLD) has reaped proceeds of $1.6 billion since the start of 2016 through May 31, from non-strategic dispositions, fund contributions and fund rebalance.
DCT: 45.32 (-0.36), FB: 114.69 (-1.93), PSB: 102.92 (-0.56), PLD: 49.95 (+0.03)
Vornado Closes Manhattan Building Financing, Sells Stake
Zacks Equity Research - Zacks Investment Research - Mon Jun 06, 8:15AM CDT
Vornado Realty Trust (VNO) recently sold a 47% stake in a Manhattan office building at a value of $561 million and also completed a $300 million recourse financing of this asset.
VNO: 95.89 (-0.12), PSB: 102.92 (-0.56), CLI: 26.90 (+0.44), WSR: 14.64 (+0.01)
Welltower (HCN) Debt Rating Upgraded to Baa1: Time to Hold?
Zacks Equity Research - Zacks Investment Research - Fri Jun 03, 8:37AM CDT
Ushering in good news for Welltower Inc. (HCN), Moody's Investors Service announced a rating upgrade with a stable outlook.
HCN: 72.94 (+0.80), PSB: 102.92 (-0.56), CLI: 26.90 (+0.44), MCO: 98.91 (-0.53)
First Potomac (FPO) to Sell Storey Park in Washington, D.C.
Zacks Equity Research - Zacks Investment Research - Wed Jun 01, 9:12AM CDT
First Potomac Realty Trust (FPO) is set to sell Storey Park, a development site located in the NoMa submarket of Washington, D.C., for gross proceeds of $54.5 million.
FPO: 9.57 (-0.08), PSB: 102.92 (-0.56), CLI: 26.90 (+0.44), WSR: 14.64 (+0.01)
Public Storage Presentation at NAREIT REITWeek 2016 to be Web Cast
BusinessWire - Tue May 31, 4:04PM CDT
Public Storage (NYSE
SA) announced today that the Company will make a presentation at NAREIT REITWeek 2016 in New York at the Waldorf Astoria in the Astor Room on Tuesday, June 7, 2016, from 3:00 p.m. to 3:30 p.m. (EDT). The presentation will be web cast and will be available on Public Storage's web site at www.publicstorage.com at "Company Info, Investor Relations, News and Events, Events Calendar" on the day of the conference. An audio archive of the web cast will be available through June 21, 2016.
PSA: 241.44 (-0.35), PSB: 102.92 (-0.56)
Will SL Green (SLG) Grow with Stake Buyout, Refinancing?
Zacks Equity Research - Zacks Investment Research - Tue May 31, 8:26AM CDT
We updated our research report on SL Green Realty Corporation (SLG) on May 30, 2016.
VNO: 95.89 (-0.12), SLG: 99.64 (-0.33), PSB: 102.92 (-0.56), CLI: 26.90 (+0.44)
Rayonier (RYN) to Gain from Portfolio Revamp: Time to Hold?
Zacks Equity Research - Zacks Investment Research - Fri May 27, 8:50AM CDT
We updated our research report on Rayonier Inc. (RYN) on May 26, 2016.
DCT: 45.32 (-0.36), RYN: 25.86 (-0.29), PSB: 102.92 (-0.56), WSR: 14.64 (+0.01)
Sovran Self Storage Gets Gross $690M from Stock Offering
Zacks Equity Research - Zacks Investment Research - Thu May 26, 9:48AM CDT
Sovran Self Storage, Inc. (SSS) raked in $690 million in gross proceeds from a public offering of 6.9 million shares at $100.00 per share.
DCT: 45.32 (-0.36), PSB: 102.92 (-0.56), SSS: 101.71 (-0.20), WSR: 14.64 (+0.01)
Boston Properties Confirms Colorado Center Stake Buyout
Zacks Equity Research - Zacks Investment Research - Wed May 25, 10:00AM CDT
Boston Properties Inc. (BXP) disclosed the signing of a binding agreement to acquire a 49.8% stake in Colorado Center in Santa Monica, CA.
BX: 25.89 (-0.18), BXP: 127.53 (-0.70), PSB: 102.92 (-0.56), WSR: 14.64 (+0.01)
PS Business Parks, Inc. to Present at REITWeek 2016: NAREIT's Investor Forum
BusinessWire - Tue May 24, 4:03PM CDT
PS Business Parks, Inc. (NYSESB) announced that Joseph D. Russell, Jr., Chief Executive Officer, will make a presentation at REITWeek 2016: NAREIT's Investor Forum in New York City at the Waldorf Astoria in the Herbert Hoover Room on Thursday, June 9, 2016, from 11:00 a.m. to 11:30 a.m. (EDT). The presentation will be webcast through the Company's website at psbusinessparks.com.
PSB: 102.92 (-0.56)
Washington REIT Closes Riverside Apartments Acquisition
Zacks Equity Research - Zacks Investment Research - Mon May 23, 5:37AM CDT
Washington REIT (WRE) disclosed the completion of the previously announced Riverside Apartments acquisition in Alexandria, VA for $244.8 million.
DCT: 45.32 (-0.36), WRE: 30.26 (-0.40), PSB: 102.92 (-0.56), WSR: 14.64 (+0.01)
Cousins Inks Lease Deals for Atlanta's 191 Peachtree Tower
Zacks Equity Research - Zacks Investment Research - Mon May 23, 5:30AM CDT
Cousins Properties Incorporated (CUZ) disclosed the signing of two new leases at One Ninety One Peachtree Tower in Atlanta.
CUZ: 10.70 (-0.20), PSB: 102.92 (-0.56), WSR: 14.64 (+0.01), PKY: 17.22 (-0.49)
Is Boston Properties Buying Blackstone's Los Angeles Stake?
Zacks Equity Research - Zacks Investment Research - Fri May 20, 8:48AM CDT
Boston Properties Inc. (BXP) has agreed to purchase a 50% interest in Santa Monica's office complex, Colorado Center, from Blackstone Group L.P. (BX).
BX: 25.89 (-0.18), BXP: 127.53 (-0.70), PSB: 102.92 (-0.56), WSR: 14.64 (+0.01)
SL Green, Vornado Close Refinancing for Manhattan JV Asset
Zacks Equity Research - Zacks Investment Research - Thu May 19, 8:09AM CDT
SL Green Realty Corp. (SLG) and Vornado Realty Trust (VNO) completed the $900 million refinancing of a Manhattan office building that is held in JV by the two REITs.
VNO: 95.89 (-0.12), SLG: 99.64 (-0.33), PSB: 102.92 (-0.56), WSR: 14.64 (+0.01)
Public Storage Falls Short of Expectations: Time to Hold?
Zacks Equity Research - Zacks Investment Research - Thu May 12, 8:12AM CDT
Last month, Public Storage (PSA) reported first-quarter 2016 funds from operations per share of $2.10, which fell short of the Zacks Consensus Estimate of $2.19.
DLR: 100.85 (-1.47), PSA: 241.44 (-0.35), PSB: 102.92 (-0.56), WSR: 14.64 (+0.01)
Public Storage Announces Pricing of 5.125% Cumulative Preferred Shares of Beneficial Interest, Series C
BusinessWire - Tue May 10, 4:25PM CDT
John Reyes, Senior Vice President and Chief Financial Officer of Public Storage (NYSESA, the "Company"
, announced that the Company has priced a public offering of 8,000,000 depositary shares at $25.00 per depositary share, with each depositary share representing 1/1,000 of a 5.125% Cumulative Preferred Share of Beneficial Interest, Series C. The offering is expected to result in $200 million of gross proceeds and to close on or about May 17, 2016, subject to customary closing conditions. The Company expects to use the net proceeds to make investments in self-storage facilities and in entities that own self-storage facilities, for the development of self-storage facilities and for general corporate purposes.
PSA: 241.44 (-0.35), PSB: 102.92 (-0.56), WFC: 48.14 (-0.20), MS: 25.47 (-0.07)
SL Green (SLG) Acquires Stake in Manhattan Sky Property
Zacks Equity Research - Zacks Investment Research - Tue May 10, 8:48AM CDT
SL Green Realty Corp. (SLG) disclosed the acquisition of a 20% stake in Manhattan's luxury residential tower Sky.
DLR: 100.85 (-1.47), PSA: 241.44 (-0.35), SLG: 99.64 (-0.33), PSB: 102.92 (-0.56)
PS Business Parks (PSB) Q1 FFO Beats: Will Stock Gain?
Zacks Equity Research - Zacks Investment Research - Wed Apr 27, 10:06AM CDT
PS Business Parks Inc.'s (PSB) first-quarter 2016 funds from operations per share came at $1.26, beating the Zacks Consensus Estimate by 2 cents.
CUBE: 29.52 (-0.06), PSA: 241.44 (-0.35), SLG: 99.64 (-0.33), PSB: 102.92 (-0.56)
SL Green Signs Renewal, Expansion Deal with New York Life
Zacks Equity Research - Zacks Investment Research - Wed Jun 08, 9:08AM CDT
SL Green Realty Corp. (SLG) disclosed signing a 10-year renewal and expansion lease deal with New York Life Insurance Company at the Graybar Building.
DCT: 45.32 (-0.36), SLG: 99.64 (-0.33), PSB: 102.92 (-0.56), CLI: 26.90 (+0.44)
Troubled by Residential Real Estate? Buy These REITs Instead
Zacks Equity Research - Zacks Investment Research - Wed Jun 08, 7:54AM CDT
Things got worse for the residential REIT stocks that saw a sell-off over the past few days following a guidance cut for 2016 same store revenue by Equity Residential (EQR).
INN: 12.20 (+0.14), WPC: 67.59 (-0.02), PSB: 102.92 (-0.56), COR: 83.15 (+0.05), EQR: 64.36 (-0.06)
Prologis Reaps $1.6B in Proceeds, Exceeds Target Mid-Point
Zacks Equity Research - Zacks Investment Research - Tue Jun 07, 7:16AM CDT
Prologis Inc. (PLD) has reaped proceeds of $1.6 billion since the start of 2016 through May 31, from non-strategic dispositions, fund contributions and fund rebalance.
DCT: 45.32 (-0.36), FB: 114.69 (-1.93), PSB: 102.92 (-0.56), PLD: 49.95 (+0.03)
Vornado Closes Manhattan Building Financing, Sells Stake
Zacks Equity Research - Zacks Investment Research - Mon Jun 06, 8:15AM CDT
Vornado Realty Trust (VNO) recently sold a 47% stake in a Manhattan office building at a value of $561 million and also completed a $300 million recourse financing of this asset.
VNO: 95.89 (-0.12), PSB: 102.92 (-0.56), CLI: 26.90 (+0.44), WSR: 14.64 (+0.01)
Welltower (HCN) Debt Rating Upgraded to Baa1: Time to Hold?
Zacks Equity Research - Zacks Investment Research - Fri Jun 03, 8:37AM CDT
Ushering in good news for Welltower Inc. (HCN), Moody's Investors Service announced a rating upgrade with a stable outlook.
HCN: 72.94 (+0.80), PSB: 102.92 (-0.56), CLI: 26.90 (+0.44), MCO: 98.91 (-0.53)
First Potomac (FPO) to Sell Storey Park in Washington, D.C.
Zacks Equity Research - Zacks Investment Research - Wed Jun 01, 9:12AM CDT
First Potomac Realty Trust (FPO) is set to sell Storey Park, a development site located in the NoMa submarket of Washington, D.C., for gross proceeds of $54.5 million.
FPO: 9.57 (-0.08), PSB: 102.92 (-0.56), CLI: 26.90 (+0.44), WSR: 14.64 (+0.01)
Public Storage Presentation at NAREIT REITWeek 2016 to be Web Cast
BusinessWire - Tue May 31, 4:04PM CDT
Public Storage (NYSE
SA) announced today that the Company will make a presentation at NAREIT REITWeek 2016 in New York at the Waldorf Astoria in the Astor Room on Tuesday, June 7, 2016, from 3:00 p.m. to 3:30 p.m. (EDT). The presentation will be web cast and will be available on Public Storage's web site at www.publicstorage.com at "Company Info, Investor Relations, News and Events, Events Calendar" on the day of the conference. An audio archive of the web cast will be available through June 21, 2016. PSA: 241.44 (-0.35), PSB: 102.92 (-0.56)
Will SL Green (SLG) Grow with Stake Buyout, Refinancing?
Zacks Equity Research - Zacks Investment Research - Tue May 31, 8:26AM CDT
We updated our research report on SL Green Realty Corporation (SLG) on May 30, 2016.
VNO: 95.89 (-0.12), SLG: 99.64 (-0.33), PSB: 102.92 (-0.56), CLI: 26.90 (+0.44)
Rayonier (RYN) to Gain from Portfolio Revamp: Time to Hold?
Zacks Equity Research - Zacks Investment Research - Fri May 27, 8:50AM CDT
We updated our research report on Rayonier Inc. (RYN) on May 26, 2016.
DCT: 45.32 (-0.36), RYN: 25.86 (-0.29), PSB: 102.92 (-0.56), WSR: 14.64 (+0.01)
Sovran Self Storage Gets Gross $690M from Stock Offering
Zacks Equity Research - Zacks Investment Research - Thu May 26, 9:48AM CDT
Sovran Self Storage, Inc. (SSS) raked in $690 million in gross proceeds from a public offering of 6.9 million shares at $100.00 per share.
DCT: 45.32 (-0.36), PSB: 102.92 (-0.56), SSS: 101.71 (-0.20), WSR: 14.64 (+0.01)
Boston Properties Confirms Colorado Center Stake Buyout
Zacks Equity Research - Zacks Investment Research - Wed May 25, 10:00AM CDT
Boston Properties Inc. (BXP) disclosed the signing of a binding agreement to acquire a 49.8% stake in Colorado Center in Santa Monica, CA.
BX: 25.89 (-0.18), BXP: 127.53 (-0.70), PSB: 102.92 (-0.56), WSR: 14.64 (+0.01)
PS Business Parks, Inc. to Present at REITWeek 2016: NAREIT's Investor Forum
BusinessWire - Tue May 24, 4:03PM CDT
PS Business Parks, Inc. (NYSE
SB) announced that Joseph D. Russell, Jr., Chief Executive Officer, will make a presentation at REITWeek 2016: NAREIT's Investor Forum in New York City at the Waldorf Astoria in the Herbert Hoover Room on Thursday, June 9, 2016, from 11:00 a.m. to 11:30 a.m. (EDT). The presentation will be webcast through the Company's website at psbusinessparks.com. PSB: 102.92 (-0.56)
Washington REIT Closes Riverside Apartments Acquisition
Zacks Equity Research - Zacks Investment Research - Mon May 23, 5:37AM CDT
Washington REIT (WRE) disclosed the completion of the previously announced Riverside Apartments acquisition in Alexandria, VA for $244.8 million.
DCT: 45.32 (-0.36), WRE: 30.26 (-0.40), PSB: 102.92 (-0.56), WSR: 14.64 (+0.01)
Cousins Inks Lease Deals for Atlanta's 191 Peachtree Tower
Zacks Equity Research - Zacks Investment Research - Mon May 23, 5:30AM CDT
Cousins Properties Incorporated (CUZ) disclosed the signing of two new leases at One Ninety One Peachtree Tower in Atlanta.
CUZ: 10.70 (-0.20), PSB: 102.92 (-0.56), WSR: 14.64 (+0.01), PKY: 17.22 (-0.49)
Is Boston Properties Buying Blackstone's Los Angeles Stake?
Zacks Equity Research - Zacks Investment Research - Fri May 20, 8:48AM CDT
Boston Properties Inc. (BXP) has agreed to purchase a 50% interest in Santa Monica's office complex, Colorado Center, from Blackstone Group L.P. (BX).
BX: 25.89 (-0.18), BXP: 127.53 (-0.70), PSB: 102.92 (-0.56), WSR: 14.64 (+0.01)
SL Green, Vornado Close Refinancing for Manhattan JV Asset
Zacks Equity Research - Zacks Investment Research - Thu May 19, 8:09AM CDT
SL Green Realty Corp. (SLG) and Vornado Realty Trust (VNO) completed the $900 million refinancing of a Manhattan office building that is held in JV by the two REITs.
VNO: 95.89 (-0.12), SLG: 99.64 (-0.33), PSB: 102.92 (-0.56), WSR: 14.64 (+0.01)
Public Storage Falls Short of Expectations: Time to Hold?
Zacks Equity Research - Zacks Investment Research - Thu May 12, 8:12AM CDT
Last month, Public Storage (PSA) reported first-quarter 2016 funds from operations per share of $2.10, which fell short of the Zacks Consensus Estimate of $2.19.
DLR: 100.85 (-1.47), PSA: 241.44 (-0.35), PSB: 102.92 (-0.56), WSR: 14.64 (+0.01)
Public Storage Announces Pricing of 5.125% Cumulative Preferred Shares of Beneficial Interest, Series C
BusinessWire - Tue May 10, 4:25PM CDT
John Reyes, Senior Vice President and Chief Financial Officer of Public Storage (NYSE
SA, the "Company", announced that the Company has priced a public offering of 8,000,000 depositary shares at $25.00 per depositary share, with each depositary share representing 1/1,000 of a 5.125% Cumulative Preferred Share of Beneficial Interest, Series C. The offering is expected to result in $200 million of gross proceeds and to close on or about May 17, 2016, subject to customary closing conditions. The Company expects to use the net proceeds to make investments in self-storage facilities and in entities that own self-storage facilities, for the development of self-storage facilities and for general corporate purposes. PSA: 241.44 (-0.35), PSB: 102.92 (-0.56), WFC: 48.14 (-0.20), MS: 25.47 (-0.07)
SL Green (SLG) Acquires Stake in Manhattan Sky Property
Zacks Equity Research - Zacks Investment Research - Tue May 10, 8:48AM CDT
SL Green Realty Corp. (SLG) disclosed the acquisition of a 20% stake in Manhattan's luxury residential tower Sky.
DLR: 100.85 (-1.47), PSA: 241.44 (-0.35), SLG: 99.64 (-0.33), PSB: 102.92 (-0.56)
PS Business Parks (PSB) Q1 FFO Beats: Will Stock Gain?
Zacks Equity Research - Zacks Investment Research - Wed Apr 27, 10:06AM CDT
PS Business Parks Inc.'s (PSB) first-quarter 2016 funds from operations per share came at $1.26, beating the Zacks Consensus Estimate by 2 cents.
CUBE: 29.52 (-0.06), PSA: 241.44 (-0.35), SLG: 99.64 (-0.33), PSB: 102.92 (-0.56)
