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Chimera (CIM): Mortgage REIT sees insider buying
2009-03-18 05:00:00 "Insider buys in 2009 have been far and few between; over the last month, though, we have seen some insiders step up to the plate, such as the CEO at Chimera Investment (http://www.thestockadvisors.co-m/quote.htm?sym=cim) (NYSE: CIM (http://www.thestockadvisors.co-m/quote.htm?sym=cim))," says Bill Martin (http://www.thestockadvisors.co-m/ccount/click.php?id=2973).In- his BullMarket.com (http://www.thestockadvisors.co-m/ccount/click.php?id=2973) advisory, he explains, "Chimera is one of the closest things you can get to investing in a distressed mortgage asset fund." Here's his review of the real estate invesstment trust."While associated with Annaly, Chimera has a much different focus and was set up to take advantage of the dislocation in the mortgage market. "The REIT invests primarily in residential mortgage loans, residential mortgage backed securities, real estate related securities, and various other asset classes in the United States."It invests in prime, jumbo prime, and Alt-A...
AvalonBay (AVB): REIT rental returns
2009-03-10 05:00:00 "With occupancy rates around 95%, apartment REITs appear to be the one bright spot in the REIT sector," says Asif Suria (http://www.thestockadvisors.co-m/ccount/click.php?id=2889).The- editor of The SINLetter (http://www.thestockadvisors.co-m/ccount/click.php?id=2889) notes that he has watched AvalonBay Communities (http://www.thestockadvisors.co-m/quote.htm?sym=avb) (NYSE: AVB (http://www.thestockadvisors.co-m/quote.htm?sym=avb)) for two years, waiting for an opportunity to begin taking a position. He says, "It is now at that level.""The company generates nearly half its net operating income from the NY/NJ metro area and New England. California represents an additional 32% of net operating income. "With a management team that is well respected and leverage that is the lowest of any apartment REIT, AvalonBay has traded at a premium over the last few years and the stock was trading at nearly $150 when I first came across the company in early 2007. "I continued watching the company over th...
NYC REIT: ‘Short the landlord’
2008-10-10 06:00:00 “It is too late to short finance services stocks; but you can still short their New York City landlord,” says the Dave Dyer Newsletter (http://www.thestockadvisors.co-m/ccount/click.php?id=2467 ), which suggests shorting a New York City REIT.“S. L. Green Realty (http://www.thestockadvisors.co-m/quote.htm?sym=slg) (NYSE: SLG (http://www.thestockadvisors.co-m/quote.htm?sym=slg)) is the only REIT that specializes in the New York City market. And it is a stock that is not on the list of companies that can’t be shorted.“They own over 25 million square feet of class A and B commercial property in and around New York, making them New York’s largest office landlord.“They have 68 separate buildings and you can bet that many of them are leased to companies in the financial industry.“Some of their customers will be going out of business, merging with other companies, and laying off employees. None of that will be good for SLG.“The real estate ...
The right real estate REIT?
2008-08-14 07:00:00 "Not all REITs are created equal," notes income expert Richard Lehmann (http://www.thestockadvisors.co-m/ccount/click.php?id=2270). Here, he takes a look at the Neuberger Berman Real Estate Income Trust (http://www.thestockadvisors.co-m/quote.htm?sym=nro) (NYSE: NRO (http://www.thestockadvisors.co-m/quote.htm?sym=nro)) in his The ETF Trader (http://www.thestockadvisors.co-m/ccount/click.php?id=2270)."Th-e decline in Real Estate Investment Trusts (REITs) has been sharp, reacting to the mortgage crisis and the associated financial meltdown. However, here are sectors of the real estate market that have not been affected by the mortgage crisis. "Such sectors like health care and multi-family projects and self-storage buildings are relatively less sensitive to the economic cycle. In addition, these sectors may have an inverse benefit from foreclosures such as rental properties and self-storage. "The Neuberger Berman Real Estate Securities Income Trust fund invests in REITs in defensive areas ...
CDN REIT Sector Index Fund ? XRE
2008-07-22 20:56:00 ABOUT XRE?The iShares? CDN REIT Sector Index Fund seeks to provide long-term capital growth by replicating, to the extent possible, the performance of the S&P®/TSX® Capped REIT Index through investments in the constituent issuers of such index, net of expenses. The Index is comprised of securities of Canadian real estate investment trusts ("REITs") listed on the TSX, selected by S&P using its industrial classifications and guidelines for evaluating issuer capitalization, liquidity and fundamentals.?HOLDINGSRIOCAN REAL ESTATE INVST TR (REI.UN) - 25.33% H&R REAL ESTATE INVSTMNT-UTS (HR.UN) - 14.77% CAN REAL ESTATE INVEST TRUST (REF.UN) - 10.36% BOARDWALK REAL ESTATE INVEST (BEI.UN) - 9.32% CALLOWAY REAL ESTATE INVESTMENT (CWT.UN) - 7.49% CAN APARTMENT PROP REAL ESTATE (CAR.UN) - 6.98% PRIMARIS RETAIL REAL ESTATE (PMZ.UN) - 6.10% CHARTWELL SENIORS HOUSING (CSH.UN) - 4.90% COMINAR REAL ESTATE INV-TR (CUF.UN) - 4.42% INNVEST REAL ESTATE INVESTME (INN.UN) - 4.01% DUNDEE REAL ESTATE INVEST...
CDN REIT Sector Index Fund ? XRE
2008-07-22 20:56:00 ABOUT XRE?The iShares? CDN REIT Sector Index Fund seeks to provide long-term capital growth by replicating, to the extent possible, the performance of the S&P®/TSX® Capped REIT Index through investments in the constituent issuers of such index, net of expenses. The Index is comprised of securities of Canadian real estate investment trusts ("REITs") listed on the TSX, selected by S&P using its industrial classifications and guidelines for evaluating issuer capitalization, liquidity and fundamentals.?HOLDINGSRIOCAN REAL ESTATE INVST TR (REI.UN) - 25.33% H&R REAL ESTATE INVSTMNT-UTS (HR.UN) - 14.77% CAN REAL ESTATE INVEST TRUST (REF.UN) - 10.36% BOARDWALK REAL ESTATE INVEST (BEI.UN) - 9.32% CALLOWAY REAL ESTATE INVESTMENT (CWT.UN) - 7.49% CAN APARTMENT PROP REAL ESTATE (CAR.UN) - 6.98% PRIMARIS RETAIL REAL ESTATE (PMZ.UN) - 6.10% CHARTWELL SENIORS HOUSING (CSH.UN) - 4.90% COMINAR REAL ESTATE INV-TR (CUF.UN) - 4.42% INNVEST REAL ESTATE INVESTME (INN.UN) - 4.01% DUNDEE REAL ESTATE INVEST...
Hines REIT purchase in DFW Trade Center
2008-06-04 22:59:00 DALLAS (Texas Real Estate Business) ? Hines REIT has purchased two warehouse buildings totaling 643,429 sf in the DFW Trade Center office and distribution park. The properties include 4050 and 4055 Corporate Dr. and an 831-vehicle surface parking lot. Both...
Omega Healthcare (OHI): Right REIT for healthy returns
2008-05-28 07:00:00 "Housing starts have swooned, foreclosures have jumped and home prices saw their steepest drop in 26 years," notes income expert Carla Pasternak (http://www.thestockadvisors.co-m/ccount/click.php?id=2049), who nevertheless is suggesting a real estate investment.In her industry-leading High Yield Investing (http://www.thestockadvisors.co-m/ccount/click.php?id=2049) she explains, "Our money-making opportunity isn't based on the housing market; rather, it's with a REIT -- Omega Healthcare Investors (http://www.thestockadvisors.co-m/quote.htm?sym=ohi) (NYSE: OHI (http://www.thestockadvisors.co-m/quote.htm?sym=ohi))."REITs and housing are both real estate, but that's where the likenesses begin and end. Property-holding equity REITs invest in commercial real estate. And commercial properties continue to generate steady cash flow from rental income, thanks to long-term leases."Above-average dividends are what allow REITs to pack a punch. These companies must distribute at least 90%...
DLF revives Singapore REIT IPO - sources
2008-05-12 12:01:00 MUMBAI (Reuters) - Developer DLF Ltd will revive and enlarge an initial public offer of its property trust in Singapore because it believes market conditions have improved, two people close to the development said on Monday. 2 Vote(s)
By: Market Buzz
REIT ETFs Comparison: China vs. US vs. Canada
2008-05-12 03:01:00 For investors who seek income and moderate long-term capital growth, Claymore/AlphaShares China Real Estate ETF (TAO) is far more attractive than the US Real Estate ETFs, such as VANGUARD SF REIT ETF (VNQ). Its PE of 18.5 is much more reasonable than VNQ?s 28; Price/Book of 1.3 is also lower than VNQ?s 2. As the US dollar continues to slide along its long-term downward trend, TAO might also give you benefit of Chinese RMB appreciation. However, both ETFs do not give investors much yield, which is the main reason most REIT investors are attracted to such investments in the first place.…SHARETHIS.addEntry-({ title: "REIT ETFs Comparison: China vs. US vs. Canada", url: "http://jutiagroup.com/2008/05/-11/reit-etfs-comparison-china-v-s-us-vs-canada/" });
By: Jutia Group
DLF, Indiabulls bring back S?pore REIT listing from cold
2008-05-10 11:55:00 It’s destination Singapore once again for realty majors Indiabulls and DLF Assets. After deferring their decision earlier this year, the two companies are once again planning to list their real estate investment trusts or REITs. Indian realty giants are headed to Singapore again. Both Indiabulls and DLF Assets will tap the Singapore market for their REITs, ...
A-Reit buyer of Creative’s HQ building in Singapore Jurong East
2008-05-10 00:30:00 A-Reit buyer of Creative’s HQ building in Singapore Jurong East By KALPANA RASHIWALA ASCENDAS Real Estate Investment Trust (A-Reit) has emerged as the buyer of Creative Technology’s headquarters building at 31 International Business Park in Jurong East. The price will be $246.8 million.  On completion of the sale, a subsidiary of Creative Technology will lease the property for five years      Creative said in March that it had agreed to sell and lease back the property but did not disclose the buyer’s identity. The deal is subject to approval by Creative shareholders and JTC Corp. On completion of the sale, a Creative subsidiary will lease the property for five years, with options to renew for a further three plus two years. A-Reit’s manager said the average yield for the initial five-year lease will be 6.24 per cent. Additional rent is payable in the third and fifth years of the lease if the cumulative increase in Singapore’s Consumer Price...
Singapore JTC scraps plans to list assets in Reit
2008-04-23 04:05:00 Singapore JTC scraps plans to list assets in Reit  Industrial landlord will instead sell 62 properties to a Temasek subsidiary for $1.71 billion By Fiona Chan, Property Reporter FOR SALE: Among the industrial assets that JTC Corporation is selling to Mapletree Investments are The Synergy at the International Business Park (top) and a flatted factory property in Lower Delta Road (above). — PHOTOS: ST FILE PHOTO, GAVIN ANDERSON  JTC Corporation has scrapped its long-awaited plans to list its industrial assets in a property trust, citing volatile market conditions. Instead, Singapore’s biggest industrial landlord is selling the properties to Mapletree Investments, a subsidiary of Temasek Holdings, for $1.71 billion, JTC and Mapletree said in a joint statement yesterday. Mapletree also said it might list the properties in a new trust, possibly combining them with some of its own assets. The move caught market watchers by surprise, as Mapletree was hired in February to ...
Singapore JTC scraps plans to list assets in Reit
2008-04-23 04:05:00 Singapore JTC scraps plans to list assets in Reit  Industrial landlord will instead sell 62 properties to a Temasek subsidiary for $1.71 billion By Fiona Chan, Property Reporter FOR SALE: Among the industrial assets that JTC Corporation is selling to Mapletree Investments are The Synergy at the International Business Park (top) and a flatted factory property in Lower Delta Road (above). — PHOTOS: ST FILE PHOTO, GAVIN ANDERSON  JTC Corporation has scrapped its long-awaited plans to list its industrial assets in a property trust, citing volatile market conditions. Instead, Singapore’s biggest industrial landlord is selling the properties to Mapletree Investments, a subsidiary of Temasek Holdings, for $1.71 billion, JTC and Mapletree said in a joint statement yesterday. Mapletree also said it might list the properties in a new trust, possibly combining them with some of its own assets. The move caught market watchers by surprise, as Mapletree was hired in February to ...
Cold market forces Mapletree, JTC to freeze Reit plan - Singapore
2008-04-23 03:07:00 Cold market forces Mapletree, JTC to freeze Reit plan - Singapore JTC to sell assets worth $1.7b to private Mapletree trust instead By KALPANA RASHIWALA (SINGAPORE) Timing is everything. JTC Corp and Temasek subsidiary Mapletree Investments are not proceeding with their earlier plan to list a real estate investment trust (Reit) owning a portfolio of JTC assets for now, because of unfavourable market conditions.  ‘The average (distribution) yield spread for S-Reits over the 10-year Singapore Government Bond yield is 350 basis points today, up from a low of 80 basis points around a year ago.’  - JP Morgan analyst Chris Gee     Instead, JTC Corp will divest the $1.71 billion worth of assets to a private trust sponsored by Mapletree. It was more than two years that JTC Corp revealed plans to divest part of its property assets to a Reit and a couple of months ago that it announced it had picked Mapletree to manage the proposed Reit, after a ‘rigorous selec...
Any materials for understanding REIT’s - Real Estate Investment Trust
2008-04-10 23:41:00 Check if this can help you a bit On Wed, Apr 9, 2008 at 8:49 PM, Akshay Jain wrote: > See if this helps > > On Wed, Apr 9, 2008 at 7:35 PM, Analyst wrote: > > > > Dear Members, > > > > If anyone has any stuff on the captioned ...
> Any materials for understanding REIT’s - Real Estate Investment
2008-04-09 17:40:00 Dear Members, If anyone has any stuff on the captioned subject, request to share here. Regards.
Allco Reit to get extension for $550m of debt - Singapore
2008-03-20 23:37:00 Allco Reit to get extension for $550m of debt - Singapore By Joyce Teo, Property Correspondent  AFTER failing in a legal bid to avoid a credit rating downgrade, Allco Commercial Real Estate Investment Trust (Reit) has received some good news. The Reit has won in-principle approval for the extension of the maturity date for $550 million of debt by 17 months. The due date of the debt will now be Dec 31, 2009, instead of July 31, this year, said the Reit manager Allco (Singapore) yesterday. The Reit manager said in a statement that it is currently reviewing the terms and conditions of the extension and will execute binding documentation as soon as practicable. Global ratings agency Moody’s had on Tuesday downgraded Allco Reit’s rating to Ba2 from Ba1. It also said that further downgrades were possible. These ratings gauge a company’s credit standing. A Ba-rated company is judged to have speculative elements and be subject to substantial credit risk, according to...
Despite downgrade, Allco Reit gets some relief- Singapore
2008-03-20 22:42:00 Despite downgrade, Allco Reit gets some relief- Singapore It manages to secure extension of its debt repayment deadline By MICHELLE QUAH (SINGAPORE) Allco Commercial Real Estate Investment Trust (Allco Reit) - which went to court to fend off a ratings downgrade - has succeeded in obtaining an extension of its debt repayment obligations, despite the ratings cut. The trust had sought to obtain an injunction to prevent Moody’s Investors Service from downgrading its credit rating, as it feared the revision would hurt its efforts to refinance some S$620 million in debt. But the injunction was set aside this week and Moody’s went ahead to lower Allco Reit’s corporate family rating to ‘Ba2′ from ‘Ba1′ - and retained the ratings on review for further possible downgrade. The trust, however, still managed to obtain some relief on its debt refinancing obligations. Allco (Singapore) Limited, the manager of Allco Reit, announced yesterday that the trust ...
Allco Reit feared downgrade would hurt financing deal - Singapore
2008-03-20 08:52:00 Allco Reit feared downgrade would hurt financing deal - Singapore Reit took legal action against Moody’s revision to protect $620m debt funding By Selina Lum  FRESH details have emerged over why a Singapore-listed property trust took unprecedented legal action to try to avoid a credit downgrade by global ratings agency Moody’s. Allco Commercial Real Estate Investment Trust (Reit) felt a $620 million bank refinancing deal could be jeopardised by a downgrade, according to court documents obtained by The Straits Times. In an affidavit, Allco Singapore chief executive Nicholas McGrath said he was shocked to hear of the planned downgrade as he had been assured by Moody’s that its panel would not decide on Allco’s rating until today. ‘I also informed Moody’s that it was crucial that there was no revision of Allco Reit’s rating before the requisite credit approvals from its bankers were obtained for the refinancing of its debts worth $620 mil...
MacarthurCook Reit to fight any hostile bid - Singapore
2008-03-19 22:43:00 MacarthurCook Reit to fight any hostile bid - Singapore Trust now keen on buying two Asian properties, not 10 THE manager of Singapore-listed MacarthurCook Industrial Reit, a subject of takeover speculation, said yesterday that it will fight any hostile bid to acquire the trust. ‘I can guarantee you that it will be contested. We certainly won’t let somebody just walk in the door and take over management,’ Craig Dunstan, managing director of Australia’s MacarthurCook Ltd, told Reuters in an interview. He said the Australian property manager now controls 13.2 per cent of MacarthurCook Industrial, raising its stake from an initial 2.3 per cent when the trust was listed last April. Singapore’s real estate investment trust (Reit) sector is expected to consolidate in the short term, and brokerages such as Goldman Sachs have cited MacarthurCook Industrial as a potential takeover target due to its diffuse shareholding structure. The absence of a large controlli...
Allco Reit in court to fend off downgrade - Singapore
2008-03-19 01:41:00 Allco Reit in court to fend off downgrade - Singapore It had an injunction to stop Moody’s revision, but this was lifted yesterday By Fiona Chan & Selina Lum PROPERTY PLAYER: Allco Commercial Real Estate Investment Trust owns buildings such as China Square Central (above) and Keypoint (next photo) in Singapore. — ST PHOTO: LIM SIN THAI   IN AN unprecedented move, a Singapore-listed property trust has taken legal steps to avoid being downgraded by a credit rating agency for the second time in two months. Allco Commercial Real Estate Investment Trust (Reit), which owns buildings such as China Square Central and Keypoint in Singapore, last week obtained a High Court injunction to prevent Moody’s Investors Service from revising its rating, sources said. The injunction was lifted yesterday. This prompted Moody’s to send an e-mail to subscribers saying it would drop Allco’s rating by one notch, from Ba1 to Ba2, with more downgrades possible. This ...
MMP Reit refinances $220m short-term loans - Singapore
2008-03-14 04:45:00 MMP Reit refinances $220m short-term loans - Singapore By IAN POH MACQUARIE MEAG Prime Reit (MMP Reit) has refinanced $220 million of short-term loans, $190 million of which are due in May and $30 million in August. ‘In light of the strategic review of MMP Reit announced on Feb 19, the new funding has been arranged to extend the maturity of the facilities until end-September,’ said Macquarie Pacific Star, the manager of MMP Reit. This will allow the review to proceed with flexibility. It also removes the need to incur additional costs to unwind longer-term loans, which may be necessary if there is a transaction arising from the strategic review, said the real estate investment trust (Reit) manager. In its Feb 19 announcement on the strategic review, the Reit manager said the specific objective is to enhance value for MMP Reit unit-holders. The review includes the possibility of the Macquarie Group selling its stake in the Reit. The financing renewals have been secured on...
Goodman exit seen as chance for A-Reit expansion-Singapore
2008-03-13 00:06:00 Goodman exit seen as chance for A-Reit expansion-Singapore By KALPANA RASHIWALA IN A move that could pave the way for Ascendas Real Estate Investment Trust (A-Reit) to finally expand overseas, Australia’s Goodman Group has exited the trust. Goodman is selling its 40 per cent stake in the entity that manages A-Reit as well as a 6.28 per cent stake in the trust itself. The latter transaction is for $158.16 million or about $1.90 per A-Reit unit. The counter closed at $1.95 yesterday, down two cents. The buyers in both transactions are fully owned units of Ascendas Pte Ltd, which will gain full control of the Reit manager, which will be renamed from Ascendas-MGM Funds Management to Ascendas Funds Management (S). Ascendas’ stake in A-Reit will also go up to 26.77 per cent. An announcement last night put an end to speculation late last year that Goodman would exit A-Reit. Market watchers expected Goodman to sell its stake in the A-Reit manager when the Australian group was ti...
Avalon Bay (AVB): Rental REIT
2008-02-14 07:00:00 "A decline in home ownership is good for firms who have apartments to rent," says The Dave Dyer Newsletter (ccount/click.php?id=1749). To benefit from this trend, he looks at Avalon Bay (quote.htm?sym=avb) (NYSE: AVB (quote.htm?sym=avb)).""After a 10 year period of consistent increases from 1995 to 2005, the trend toward increasing home ownership has reversed and is now clearly in decline. The subprime problems and tighter credit policies will only serve to increase the decline."One of the easiest ways to invest in this trend is to buy shares in a REIT that owns apartment properties. Avalon Bay (NYSE: AVB.) is a REIT that manages high quality apartment communities in the high barrier-to-entry markets like California, the Pacific Northwest, the Northeast and Mid-Atlantic. "In some cases, they develop their own properties; in others, they buy and remodel existing apartment complexes. They currently own 182 properties with about 52,000 apartments in total. AVB has 19 more properties un...
Canadian REIT Firesale - No Decoupling From US Real Estate
2008-01-30 07:27:00 Both Canadian and American real estate investment trust indices have performed extremely poorly over the past three quarters. Canadian real estate investment trusts are down roughly 25% from peaks in early 2007. This is very similar to the performance of US real estate investment trusts. If investors expected Canadian real estate to outperform American real ...
A-Reit buys Singapore Acer Building for $75m
2008-01-29 00:03:00 A-Reit buys Singapore Acer Building for $75m It also bags warehouse in CBP, announces completion of HansaPoint By KALPANA RASHIWALA ASCENDAS Real Estate Investment Trust (A-Reit) has bought the Acer Building at International Business Park in Jurong East for $75 million or $344 per square foot of lettable area. Â The completion of HansaPoint@CBP and acquisition of the Acer and Sim Siang Choon buildings will have a positive effect on A-Reit’s distribution per unit. Â Â Market sources say the price reflects an initial yield of 6.5-6.8 per cent. A-Reit yesterday also announced the purchase of Sim Siang Choon Building, on the fringe of Changi Business Park (CBP), from Sim Siang Choon Hardware for $31.89 million. This is a four-storey warehouse with a first-storey showroom and a separate single-storey warehouse. In addition, A-Reit said HansaPoint@CBP received a Temporary Occupation Permit on Jan 22 and has achieved full occupancy. The $28.6 million project’s major tenants ...
H&R REIT Looks Cheap
2008-01-23 08:17:00 Sure, you can invest in this 3-bedroom Vancouver old timer yielding a meager 3.5% to 4% CAP, but why torment yourself? Instead, you can indulge yourself with an 8.2% yield by owning these sexy office towers within H&R REIT’s portfolio: As you may recall, the market has been punishing the Real Estate Income ...
By: Financial Jungle
Singapore A-Reit distributable income up 15% in Q3
2008-01-19 01:57:00 Singapore A-Reit distributable income up 15% in Q3 ASCENDAS Real Estate Investment Trust (A-Reit) yesterday reported distributable income of $47.2 million for the three months to end-December, up 15 per cent from a year earlier. Getting bigger: A-Reit’s portfolio comprised 79 properties at the end of 2007, compared with 68 properties a year earlier Gross revenue for the third quarter of its financial year, which ends on March 31, rose 13 per cent to $80.2 million, due mainly to additional rental income from a string of completed acquisitions, including the Courts and Giant warehouse retail facilities in Tampines and the completed asset enhancement at The Alpha building in Science Park II. A-Reit’s distribution per unit for the three-month period was 3.56 cents, 11 per cent higher than a year ago. For the nine months ended Dec 31, A-Reit’s distributable income came to $138.3 million, up 14 per cent from the same period a year ago. Gross revenue rose 14 per cent to...
A-REIT posts 11.3% rise in Q3 distribution per unit to 3.56 cents - Singapo
2008-01-18 19:33:00 A-REIT posts 11.3% rise in Q3 distribution per unit to 3.56 cents - Singapore SINGAPORE : Ascendas Real Estate Investment Trust (A-REIT) on Friday said its distribution per unit (DPU) was 3.56 cents for its third quarter ending December. This was an 11.3 percent rise over the DPU recorded in the same quarter of the last financial year. The latest DPU figure represented an annualised yield of 5.66 percent based on A-REIT’s closing price of S$2.46 per unit on 31 December 2007. All in, A-REIT is distributing S$47.2 million to unit holders, up 15 percent on-year. With Singapore’s strong economic performance, A-REIT said its net property income rose 16.3 percent on-year to S$61.4 million. Gross revenue came in 13 percent higher at S$80.2 million. A-REIT said it saw positive organic growth across all sectors. It’s Business & Science Parks and Hi-Tech Industrial sectors registered double digit growth in renewal rates over prevailing rates. Occupancy rates stood at a h...
All may gain if Goodman bags Singapore JTC Reit
2008-01-07 03:14:00 All may gain if Goodman bags Singapore JTC Reit By KALPANA RASHIWALA AUSTRALIA’S Goodman group is reportedly expected to clinch the job of being the manager of a proposed real estate investment trust that will hold about S$1.6 billion of industrial properties to be divested by JTC Corp. No official announcements have been made so far. Â If JTC picks Goodman to manage the new Reit, it should help smoothen negotiations on the price Goodman will receive for selling its 40% stake in A-Reit’s manager. Â Â Market watchers expect Goodman to exit an existing business in Singapore - its 40 per cent stake in Ascendas-MGM Funds Management, the manager of Ascendas Real Estate Investment Trust (A-Reit). JTC’s subsidiary Ascendas holds the remaining 60 per cent. Some industry players suggest that giving up its stake in the A-Reit manager was probably a condition JTC laid down for Goodman if it wants to manage the new Reit. That makes sense. For one, it removes conflict of int...
Goodman Group set to manage Singapore JTC Reit
2008-01-04 02:12:00 Goodman Group set to manage Singapore JTC Reit By UMA SHANKARI JTC Corporation is set to appoint Australian-listed property and wealth management company Goodman Group to manage its upcoming real estate investment trust (Reit), sources say. The news follows last month’s report in the Australian Financial Review that Goodman Group beat competitors - including Singapore’s CapitaLand and Mapletree Investments - to become the manager of Singapore government-owned JTC Corporation’s upcoming trust. Other names in the running included Challenger Financial Services Group and CapitaLand subsidiary Australand, both of which are listed on the Australian stock exchange, the report said. The report also said that UBS, Goldman Sachs and DBS are in line to underwrite the offer. Industry players said the Reit’s initial property portfolio is expected to be worth more than $1 billion. When contacted by BT, JTC said that the selection is still ongoing. JTC said in July 2007 tha...
REIT, Real Estate Investment Trust
2007-12-30 07:41:00 If RBI reduces interest rates in the next few months may be in june-aug then real estate prices would zoom due to REIT’s…but if RBI doesn’t reduce the lending rates for the next 1-2 years then REIT would be a flop show as i don’t think so reality markets can move higher if ...
Outlook for S-Reit market remains positive despite sub-prime fears - Singap
2007-12-20 12:05:00 Outlook for S-Reit market remains positive despite sub-prime fears - Singapore Increased volatility in Reit prices will attract more investors in 2008 By CHRISTOPHER TANG SINCE consumer confidence is the most fickle of all economic factors, the retail trade is a good barometer for the health of an economy. For 2007, this barometer has been in the ‘extremely healthy’ range. Sales have been up - to the tune of 14.4 per cent as of June 2007 - and so has rental of retail space. We expect retail to continue nicely right through 2008. For one thing, retail malls - led by the professionally run retail Reits - are investing in physical enhancements to improve and maintain competitiveness. The enhancements inject a new vibrancy, creating a better experience for the shoppers and improved business for the tenants. For example, thanks to Anchorpoint’s $12 million repositioning as a village-mall, shopper traffic and tenant business have improved substantially. The malls are not...
Pressure building up in crowded S-Reit sector
2007-12-17 00:28:00 Pressure building up in crowded S-Reit sector Mergers seen as one response to slowing growth as assets, funding get scarce By UMA SHANKARI THE Singapore real estate investment trust (S-Reit) market is expected to face waning investor appetite and a short supply of potential acquisitions next year.  Packed: The success of early Reits like CapitaMall Trust encouraged new players hoping to replicate their strategies The S-Reit sector could also enter a consolidation phase, triggered by the implementation of a takeover code for Reits, analysts say. ‘Reits are under pressure at the moment,’ said Mark Ebbinghaus, the head of Asian real estate at investment bank UBS. ‘Many Reits have been sold off because of money leaving Asia.’ S-Reits have taken a beating over the past few months as large chunks of capital fled Asia on the back of the US sub-prime crisis. Many Reits are now trading at about 20 per cent below their June or July peaks. Despite this, the sector w...
Chase Tower at Ross, Hines REIT Purchase
2007-11-28 16:17:00 DALLAS (globest.com) ? Hines REIT has spent $290 million to purchase the 55-story Chase Tower at 2200 Ross Ave. in the arts district. The 92 percent leased, 1.3 million-square-foot tower had been purchased in June 2006 by joint venture partners...
Get the True Meaning of REIT and Dow Jones in the Stock Markets Posted By :
2007-11-25 01:52:00 The acronym for a real estate investment trust is a REIT. According to the National Institute of Real Estate Investment Trusts 190 REITs are currently registered with the SEC and trade on one or more of the New York Stock Exchanges. There are over 900 REITS that are privately held companies. Are you looking for some inside information on income tax refund? Here’s up-to-date information on Taxes and personal finance and also on Taxes.
Weak Correlation: Another Reason to Have Global REIT
2007-10-23 18:13:00 The other day I read a paper on the October issue of Financial Planning magazine. The article, Think Globally by Bruce Eidelson, discussed the appeals of global REIT (real estate investment trust) to investors who seek diversifications and steady income streams, when the US real estate market struggles. One of the reasons to go global ...
NovaStar Ends It?s REIT Status
2007-09-18 22:41:00 Subprime lender NovaStar Financial, says it will not pay a dividend related to 2006 taxable income, a move that will cause its status as a real estate investment trust to be terminated. (...)
NovaStar drops dividend, will lose REIT status
2007-09-18 00:00:00 NovaStar Financial Inc. announced Monday that it will not distribute a $157 million dividend related to its 2006 income.The Kansas City-based subprime mortgage lender (NYSE: NFI - News) operated as a Real Estate Investment Trust in 2006. In exchange for tax exemptions, the company was required to distribute at least 90 percent of its income ...
By: Investment Blog
Investing in Global Real Estate Markets with a Global REIT ETF
2007-09-12 17:28:00 As US housing market tumbled in 2007, REIT (real estate investment trust) investors have suffered big losses from their investments so far this year. In fact, 2007 is on track to become the first losing year for REIT investors since the beginning of the century. Year-to-date, the Dow Jones Equity All REIT Index (^DJR) has ...
Apartment REIT Archstone-Smith Trust Buyout- $22 Billion Offer
2007-08-22 23:43:00 It has been confirmed by CPN that Tishman Speyer and Lehman Bros. have offered a $22B buyout of REIT Archstone-Smith Trust. Archstone shareholders gave a 78% approval to the offer for the joint venture to acquire common shares at $60.75 per share. The deal is expected to close by October 5th but there are several ...
REIT Broker Report- HMCG
2007-08-17 02:19:00 H&M Consulting Group of Jacksonville, FL conducted a survey with 11 brokers and 3 real estate agents in Boston, Los Angeles, New York, San Francisco, San Diego, Washington DC and Seattle. I happened to be one of the agents interviewed and thought you might enjoy this read. Short and sweet, but I must say I ...
A High-Dividend REIT Worth Buying
2007-08-16 17:00:00 I didn't think I would be saying this anytime soon, but there is a big play here, and it is a REIT. Emil Lee has done some research on HRPT Properties Trust (HRP), and he has a compelling argument. If a REIT yields more than 7%, it's usually because the company has credit exposure that makes investors nervous, such as commercial mezzanine loans and B Notes, or subprime and Alt-A residential mortgages. (We all know there's a lot to be said about credit exposure these days.) However, HRPT's biggest tenants in 2006 were the U.S. governm
Breitlings made Affordable at World of Watches
2007-07-24 21:41:00 I’ve looked around at a few places to buy Breitlings online, and between some of the bigger sellers such as Jomashop, authentic watches and world of watches… World of Watches definately seems to have the edge in price. Their selection is somewhat limited however.. with only just over 30 in stock. Their watches are guaranteed ...
Rua Direita por linhas tortas.....
2007-07-24 17:00:00 «Dentro dos próximos dias, a autarquia vai começar a retirar os ?pinocos? que se encontram na Rua Comendador Campos Melo (vulgarmente conhecida de Rua Direita), para que seja possibilitada a paragem dos veículos «por um período de quinze minutos».A flexibilização do trânsito vai ser também estendida à Praça do Município, em frente ao antigo Café Montalto, onde vai ser permitida a paragem de quarto veículos durante um quarto de hora, e no início da rua Capitão Alves Roçadas, junto à entrada do silo auto da Câmara Municipal da Covilhã.»......................-...............................-..............Quer dizer o que estava bem vão por mal, a Rua Direita está tão bem assim como está, vão agora tirar os pinocos e deixar estacionar, e então os peões passam por onde, até porque a Rua Direita deveria ser daquelas artérias fechadas ao Trânsito. Senhor Presidente não é o pelo facto de deixar as pessoas estacionar 15 minutos, que elas irão ao Comércio Tradicional, nunca vi ninguém ir...
By: Mafia da Cova
Elusive American Express Breitling Watch
2007-07-23 22:41:00 Received an email today from a visiter referring to a American Express Breitling watch, apparently exclusive to the company. I am not aware of such a watch… wondering if any of you are? I do particularly find it rewarding when users email me with praise about my website, as I did spend a lot of ...
Lara Dutta & Preity Zinta Jhoom Barabar Jhoom
2007-07-20 10:59:00 Preity & Lara both worked together in what can be called as probably the worst movie to come out in the last decade or so. There are bad movies, then there are even worse movies, but few qualify as classics in a way that they need to be screened for aspiring filmmakers to learn how to NOT make a movie. If you have a score to settle with someone , if you thoroughly dislike someone then you can surely buy him or her tickets to this movie or make him or her watch a dvd of this movies for i guarantee you it wont just be the 138 minutes of sheer torture one would have to go through but it will leave a profound impression on the viewers mind which will last him a lifetime of nightmares.Shaad Ali has gone from bad to worse, if Bunty & Bubli was grossly misdirected & a waste of talented people, JBJ goes beyond that. Saathiya was a good movie indeed but only because of being a remake of Mani Ratnam's Alai Payuthey. If the story wasn't bad enough, it did include a lot of sleaze, Lara dutta ...
By: Desi Scans
Preity Zinta excited to shoot around India again
2007-07-19 19:09:00 The western look suits her and she has shot extensively in foreign locales. But perky Preity Zinta, who got injured while working in Chandigarh for Mera Bharat Mahaan, says she enjoys shooting in India?s hinterland and mishaps don?t discourage her. “We?ve been shooting here for Mera Bharat Mahaan. While doing an outdoor scene with Salman ... |
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