RECENT NEWS
Weingarten Realty 2nd-Qtr FFO $1.05/shr vs &0.96/shr
July 27, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $28.1 mln$25.7 mln $55.6 mln $51.0 mln FFO/shr (diluted) $1.05 $0.96 $2.08 $1.90 Net Income $15.0 mln $14.2 mln $29.4 mln $27.7 mln Net/shr$0.56 $0.53 $1.10 $1.03 Revenue$63.6 mln $56.3...
Capital Senior Living 2nd-Qtr Earnings
July 27, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99Net Income $1.3 mln $4.0 mln $2.8 mln $7.9 mln Net/shr$0.07 $0.20 $0.14 $0.40 Revenue$12.3 mln $15.9 mln $24.8 mln $31.4 Shares Outstanding19.7 mln 19.7 mln 19.7 mln 19.7 mln
Correctional Properties 2nd-Qtr FFO $0.49/shr vs $0.48/shr
July 27, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $3.5 mln$3.4 mln $7.0 mln $6.8 mln FFO/shr (diluted) $0.49 $0.48 $0.99 $0.96 Net Income $2.1 mln $2.2 mln $4.4 mln $4.4 mln Net/shr$0.30 $0.31 $0.61 $0.62 Revenue$5.7 mln $5.1...
Allied Capital 2nd-Qtr Earnings
July 27, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99Net Income $34.8 mln $22.1 mln $64.4 mln $40.7 mln Net/shr$0.50 $0.38 $0.94 $0.70 Shares Outstanding70.0 mln 58.8 mln 68.1 mln 57.8 mln
Roberts Realty 2nd-Qtr FFO $0.21/shr vs $0.19/shr
July 27, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $1.6 mln$1.4 mln $2.9 mln$2.7 mln FFO/shr (diluted) $0.21 $0.19$0.40 $0.37 Net Income $2.3 mln $0.02$2.3 mln $0.03 Net/shr$0.48 $0.00 $0.48 $0.01 Shares Outstanding7.4 mln 7.4 mln 7.4 mln 7.5...
Debt Exchange Hires Web Exec
July 27, 2000 BOSTON – The Debt Exchange Inc. has hired Paul Weitz as vice president of engineering.Weitz will oversee the development and build out of DebtX.com, the company's soon-to be-launched mortgage trading Web site.Weitz was most recently...
GE Capital Provides $74.5 Mln of Financing to LaSalle Hotel
July 27, 2000 BETHESDA, Md. – GE Capital Real Estate has provided $74.5 million in fixed-rate loans to LaSalle Hotel Properties (NYSE:LHO).The three individual 10-year secured loans bear a fixed interest rate of 8.08 percent. The hotel REIT...
Boston Properties 2nd-Qtr FFO $0.83/shr vs $0.72/shr
July 26, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $59.3 mln$48.7 mln $113.8 mln $94.3 mln FFO/shr (diluted) $0.83 $0.72 $1.61 $1.42 Extra Gain (Loss) $.3 $ -- $.3 $ -- Net Income $34.9 mln $27.2 mln $65.8 mln...
Sheli Z. Rosenberg, Zell Adviser, to Retire
July 26, 2000 Sheli Z. Rosenberg is retiring as chief executive of Equity Group Investments LLC and as Sam Zell's personal counsel in order to devote more time to charitable work.The upcoming retirement, reported in today's Chicago Tribune,...
Franzetta Named Prudential Real Estate Vice Chairman
July 26, 2000 NEWARK, N.J. – David Franzetta has been named vice chairman for Prudential Real Estate and Relocation Services, where he will oversee the company's information technology, international relocation services, legal counsel and credit and investment divisions.Prior...
W. P. Carey Group Arranges $57.6 Mln Sale-Leaseback With Galyan’s Trading
July 26, 2000 NEW YORK – W. P. Carey & Co. LLC (NYSE: WPC) has acquired five facilities operated by Galyan's Trading Co. Inc. on behalf of Corporate Property Associates 14 and Corporate Property Associates 12, two W.P....
Equity Inns to Acquire 75 Leases from Interstate Hotels
July 26, 2000 GERMANTOWN, Tenn. – Hotel real estate investment trust Equity Inns Inc. (NYSE: ENN) has signed a binding memorandum of understanding to acquire all 75 of the company's leases from Interstate Hotels Corp. on Jan. 1,...
GMACCM Arranges $23 Mln Financing for San Fran Office Building
July 26, 2000 HORSHAM, Pa. – GMAC Commercial Mortgage has provided $23 million of fixed-rate, permanent financing for a 171,632-square-foot Wells Fargo office building in San Francisco.The seven-story building is located at 633 Folsom St. Mitchell Thurston of...
Capital Automotive 2nd-Qtr FFO $0.45/shr vs. $0.36/shr
July 26, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $13.2 mln$10.3 mln $26.1 mln $19.8 mln FFO/shr (diluted) $0.45 $0.36 $0.89 $0.70 Net Income $6.3 mln $5 mln $12.7 mln$9.4 mln Net/shr$0.30 $0.23 $0.61 $0.43 Revenue$25.3 mln $15.9 mln...
Southeast Regional Digest (7/26/00): Lodgian to sell 10 hotels for $132 Mln
July 26, 2000Lodgian selling 10 hotels to reduce debtThe Atlanta Journal Constitution, July 26ATLANTA – Lodgian Inc. will sell 10 hotels in Alaska, California, Idaho, New Mexico and Oregon to Sunstone Hotel Investors for $132 million. The deal...
Federal Realty Investment Trust 2nd-Qtr FFO $0.64/shr vs. $0.60/shr
July 26, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $25.5 mln$24.2 mln $50.6 mln$47.9 mln FFO/shr (diluted) $0.64 $0.60 $1.26 $1.18 Net Income $16.1 mln$4.8 mln $28.2 mln $16.4 mln Net/shr$0.41 $0.12 $0.72 $0.41 Revenue$68.8 mln $64.2 mln $137.9...
Prentiss Properties 2nd-Qtr FFO $0.80/shr vs $0.71/shr
July 26, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $33.5 mln$30.8 mln $65.6 mln $61.4 mln FFO/shr (diluted) $0.80 $0.71 $1.57 $1.41 Net Income $16.0 mln $14.7 mln $31.3 mln $30.5 mlnNet/shr$0.44 $0.39 $0.86 $0.80 Revenue$85.3 mln $73.9 mln...
BB&T Reinitiates Capital Automotive, Washington REIT
July 26, 2000 (NewsTraders.com) – BB&T Capital Markets reinitiated coverage of Capital Automotive REIT (Nasdaq:CARS) with a "long-term buy" recommendation and a $17 price target.Harry Leathers, an analyst, called it an "attractive" investment for diversified accounts seeking current...
PRICE TALK: $438.8 Mln DLJ Floating-Rate CMBS
July 26, 2000Go To Fitch's Presale Report.Go To S&P's Presale Report.Go To Moody's Presale Report.DLJ Commercial Mortgage Corp., Series 2000-STF1ClassAmount($mln)Sub. Level(%)RatingMoody'sRatingFitchRatingS&PAvg.LifePriceTalk(BP)BnchMarkA-1239.245AaaAAAAAA2.75+23 area1-mo. LiborA-237.337Aa2AAAA2.75+36 area1-mo. LiborA-338.428.25A2ANR2.75+76 area1-mo. LiborB-131.821Baa2BBBNR2.9+155 area1-mo. LiborB-21118.5Baa3BBB-NR2.9+205 area1-mo. LiborB-32.218Ba1BB+NR2.5+435 area1-mo. LiborB-42213Ba2BBNR2.5NA1-mo. LiborB-54.412Ba3BB-NR2.9NA1-mo. LiborB-617.68B2BNR2.9NA1-mo. LiborB-713.25B3NRNR3NA1-mo. LiborC22--NRNRNR3--1-mo. LiborS*357.6NAAaaAAAAAA2.9NA1-mo....
Canada Regional Digest (7/26/00): Les Ailes department store to anchor Montreal’s landmark Eaton bui
July 26, 2000 Montreal's landmark Eaton building has new anchor tenantMONTREAL – Les Ailes de la Mode will be the new anchor tenant in the Eaton building. Parent company Boutiques San Francisco Inc. has plans to build a...
Federal Realty 2nd-Qtr FFO Beats Estimates, Up 5.5 percent at $0.64/Shr
July 26, 2000 (NewsTraders.com) – Federal Realty Investment Trust (NYSE:FRT) posted funds from operations, or FFO, for the three months ended June 30 of $25.5 million, an increase of 5.5 percent from the $24.2 million reported in the...
Corporate Office Leases 50 Percent of Maryland Office Building
July 25, 2000 COLUMBIA, Md. – Litton TASC has agreed to lease 60,000 square feet at 201 National Business Park, an office building in Annapolis Junction, Md., that will be constructed by Corporate Office Properties Trust (NYSE:
RioCan Completes $48 Mln of Financing for Ontario Retail Center
July 25, 2000 TORONTO – RioCan Real Estate Investment Trust (TSE:REI_u.TO) and First Gulf Development Corp. have completed $48 million of first mortgage financing for Kennedy Commons in Scarborough, Ontario.Kennedy Commons is a 440,000-square-foot retail development at Kennedy...
Kilroy Realty Sells 5 Silicon Valley Properties for $62 Mln
July 25, 2000 LOS ANGELES – Kilroy Realty Corp. (NYSE:KRC) has sold five Silicon Valley industrial buildings to a private investment group for about $62 million.The properties are located in San Jose and total 430,000 square feet of...
Lexington 2nd-Qtr FFO $0.44/shr vs $0.40/shr
July 25, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $11.7 mln$10.0 mln $22.4 mln $20.3 mln FFO/shr (diluted) $0.44 $0.40 $0.87 $0.81 Net Income $7.3 mln $4.9 mln $11.8 mln $9.2 mln Net/shr$0.36 $0.24 $0.59 $0.47 Revenue$20.0 mln $18.9...
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