November 3, 2000 JERICHO, N.Y. – Getty Realty Corp. (NYSE:GTY), a real estate company that controls a 1,100-property gas station portfolio in the eastern United States, may soon take up REIT status. The company, which specializes in service...
November 3, 2000Boykin Lodging Co. (NYSE:BOY) has posted third quarter fund from operations of $0.76 per share as opposed to last year's third-quarter figure of $0.81 per share. The nine months figure is $2.07 per share as compared...
November 3, 2000ROCKVILLE, Md. – Washington REIT (NYSE:WRE) plans to issue next week $55 million of 7.78 percent Medium Term Notes, Series B, due 2004.Washington REIT expects that the transaction will net the company $54.8 million, which it...
Clarification (November 6, 2000): Fitch downgraded classes of LTC 1996-1 primarily because of the continued deterioration in the performance of the underlying properties and uncertainty regarding their future performance.The story below attributes the downgrades to troubles at operators...
November 3, 2000 BOSTON – Goldman Sachs and Morgan Stanley Dean Witter, lead managers of a stock offering for Boston Properties Inc. (NYSE:BXP) have exercised their overallotment option to buy an additional 2.1 million common shares of the...
November 3, 2000TORONTO – RioCan Real Estate Investment Trust (TSE:REI_u.TO) has completed its acquisition of five shopping centers from Ivanhoe Inc. for $58.5 million in cash.The REIT expects that the five grocery-anchored shopping centers, which contain 500,000 square...
November 3, 2000 Survey predicts rosy '01 for Atlanta hotelsAtlanta Journal-Constitution, November 3ATLANTA – The average daily hotel room rate has increased to $82.90 from $80.31 in 1999, according to a PKF Consulting survey of the industry. However,...
November 3, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$21.2 $19.7 $63.2 $57.6 FFO/shr (diluted)$0.66 $0.62 $1.96 $1.82 Net Income $9.1 $8.3 $27.6 $26.3 Net/shr$0.32 $0.30 $0.97 $0.93 Revenue (mln)$51.3 $48.1 $150.9 $140.6 Shares Out. (mln)32.2 31.8 32.2 31.7
November 3, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$76.8 $68.9 $226.2 $223.1 FFO/shr (diluted)$1.15 $0.91 $3.35 $2.94 Net Income $24.2 $23.8 $1.8 $89.0 Net/shr$0.44 $0.35 $0.03 $1.30 Revenue (mln)$140.5 $124.1 $405.4 $386.2 Shares Out. (mln)54.6 68.2 56.3 68.3
November 3, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$55.7 $51.3 $163.1 $142.4 FFO/shr (diluted)$0.99 $0.91 $2.89 $2.78 Net Income $30.4 $30.4 $90.3 $81.0 Net/shr$0.51 $0.51 $1.50 $1.51 Revenue (mln)$65.8 $62.3 $191.6 $174.6 Shares Out. (mln)56.5 56.4 56.5 51.3
November 3, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$12.4 $10.1 $29.5 $31.0 FFO/shr (diluted)$0.62 $0.57 $1.81 $1.75 Extra Gain (Loss) $(0.8) $(0.8) $(0.8) $(0.8) Net Income $4.6 $4.7 $15.1 $16.1 Net/shr$0.27 $0.26 $0.93 $0.91 Revenue (mln)$35.2 $31.52 $102.3...
November 3, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$9.0 $11.4 $29.7 $35.9 FFO/shr (diluted)$0.35 $0.42 $1.14 $1.31 Extra Gain (Loss) $1.2 $---- $1.3 $---- Net Income $10.3 $12.0 $30.8 $37.4 Net/shr$0.25 $0.30 $0.75 $0.95 Revenue (mln)$21.5 $22.8 $66.8...
November 3, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$56.3 $49.6 $165.3 $143.1 FFO/shr (diluted)$0.75 $0.67 $2.22 $1.90 Extra Gain (Loss) $(20.2) $(21.3) $(28.0) $(49.8) Net Income $50.0 $39.4 $145.2 $116.0 Net/shr$0.60 $0.45 $1.76 $1.31 Revenue (mln)$131.7 $128.3 $407.4...
November 3, 2000 Brookfield Properties Corp., a short-listed bidder for the World Trade Center in Manhattan, has teamed with two equity partners to win the 99-year lease, according to a report on the Dow Jones Newswire.The report cited...
November 3, 2000 ROCHESTER, N.Y. – Home Properties (NYSE:HME) has acquired a portfolio of five apartment communities, with a total of 429 units, in Patchogue, N.Y., for $26.6 million, or $62,000 per unit, from investor Caesar Figoni.The REIT...
November 3, 2000 Plans for development of a new headquarters for the New York Stock Exchange across the street from the current NYSE home at 11 Wall St. could be in jeopardy, with a report that the project...
November 3, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$78.0 $85.0 $255.0 $244.0 FFO/shr (diluted)$0.48 $0.51 $1.56 $1.48 Extra Gain (Loss) $(334.0) $1.3 $23.9 $(243.0)Net Income $29.8 $38.0 $78.0 $90.9 Net/shr$0.19 $0.24 $0.49 $0.57 Revenue (mln)$157.6 $165.9 $508.2 $482.7...
November 2, 2000 (NewsTraders.com) – Legg Mason Wood Walker today upgraded Mission West Properties (AMEX:MSW) to strong buy from buy, according to a source at the brokerage house.Analysts at the firm also hiked their price target on the...
November 2, 2000 NEWTON, Mass. – HRPT Properties Trust (NYSE:HRP) said its $128 million sale of 7 W. 34th St. in Manhattan to Vornado Realty Trust (NYSE:VNO) will result in a gain of about $17 million.HRPT Properties had...
November 2, 2000 CHICAGO – Equity Residential Properties Trust (NYSE:EQR) has completed its $461 million acquisition of Grove Property Trust (Amex: GVE).The merger, first agreed to this summer, adds Grove's 62 properties consisting of 7,526 units to Equity...
November 2, 2000 Software maker inks $35 Mln leaseDaily Business Review, November 2FORT LAUDERDALE, Fla. – Citrix Systems Inc., a specialty software maker, has signed a 10-year, $35 million lease for the entire 138,140-square-foot Class-A Cambridge Executive Center...
November 2, 2000 U.S. firm leases space in East VancouverVancouver Sun, November 2VANCOUVER – Redback Networks Inc., a U.S. high-tech company, has signed a 10-year lease for about 42,230 square feet of office space in the $200 million...
November 2, 2000 ATLANTA – JDN Realty Corp. (NYSE:JDN) has named interim chief financial officer John D. Harris Jr. to the position permanently.Harris, who joined JDN in 1994 as controller, took over the CFO duties in April after...
November 2, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$78.0 $85.0 $255.3 $243.6 FFO/shr (diluted)$0.48 $0.51 $1.56 $1.48 Net Income $29.8 $38.0 $78.0 $90.9 Net/shr$0.19 $0.24 $0.49 $0.57 Revenue (mln)$282.8 $302.8 $902.2 $867.2 Shares Out. (mln)155.7 154.0 166.3 169.8
November 2, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$17.8 $16.4 $51.0 $47.2 FFO/shr (diluted)$0.72 $0.67 $2.07 $1.92 Net Income $15.2 $9.0 $57.3 $99.0 Net/shr$0.77 $0.42 $3.02 $1.18 Revenue (mln)$34.1 $33.9 $99.1 $97.3 Shares Out. (mln)NA NA NA NA
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