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SocialPicks Sentiment:
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This Quarter's Sentiment:
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From the Blogosphere
A CRE Deal and Implications for General Growth
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Hat tip to reader Mark for finding this for me:
From the WSJ: <>-Macquarie CountryWide Trust (MCW.AU) said Friday that it has agreed to sell its 75% stake in a portfolio of U.S. shopping malls for US$1.3 billion (A$1.61 billion) to help cut debt, sending its shares sharply higher.
The price for the portfolio of 86 properties, owned in partnership with shopping mall owner Regency Centers Corp. (REG), reflected a capitalization rate of 9.1% (emphasis mine), based on Sydney-based Macquarie CountryWide's estimated net operating income for calendar year 2009.
It valued the whole portfolio at US$1.73 b>...
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A CRE Deal and Implications for General Growth
Hat tip to reader Mark for finding this for me:
From the WSJ: <>-Macquarie CountryWide Trust (MCW.AU) said Friday that it has agreed to sell its 75% stake in a portfolio of U.S. shopping malls for US$1.3 billion (A$1.61 billion) to help cut debt, sending its shares sharply higher.
The price for the portfolio of 86 properties, owned in partnership with shopping mall owner Regency Centers Corp. (REG), reflected a capitalization rate of 9.1% (emphasis mine), based on Sydney-based Macquarie CountryWide's estimated net operating income for calendar year 2009.
It valued the whole portfolio at US$1.73 b>...
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Solid Growth for Regency Centers
REG
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REG has a solid balance sheet, and is well-positioned to take advantage as private developers have difficulty obtaining financing for new projects.
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Kowabunga! How Do They Do It?
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Think Partnership Inc. d.b.a. Kowabunga!® (THK) announced some preliminary results. How the SEC lets companies get away with this I do not understand. In a press release dated Feb 19,2008 they basically reported revenues and EBITDA. Read this quote
“The company estimates revenues will total approximately $20.0 million for the fourth quarter of 2007, which would represent an increase of 5% from $19.0 million reported in the fourth quarter 2006. Earnings before interest, taxes, depreciation and amortization expenses (EBITDA) is estimated to be approximately $2.4 million for the fourth qua< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />...
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REG Retains Its Buy
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REG has a solid balance sheet, with low debt and plenty of room for dividend increases.
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