Among the earnings projection stories for Thursday, Oct. 30, from AP Financial News: VALLEY FORGE, Pa. -- Drug distributor AmerisourceBergen Corp. said Thursday it expects profit growth in fiscal 2009 on a modest increase in revenue.
Alexandria Real Estate Equities Inc. reported Thursday that funds from operations increased 14 percent in the third quarter, and the real estate investment trust also updated its full-year earnings forecast.
Shares of real estate investment trusts were mixed Wednesday after the Federal Reserve cut a key interest rate and a Goldman Sachs analyst report reaffirmed a cautious view due to a potential downturn in the sector.
PASADENA, Calif. (AP) - Alexandria Real Estate Equities Inc. gave updated guidance for 2008 funds from operations on Thursday, lowering its outlook by a penny.
PASADENA, Calif. (AP) - Alexandria Real Estate Equities Inc. reported Thursday that funds from operations increased 14 percent in the third quarter, and the real estate investment trust also updated its full-year earnings forecast.
Highlights Third Quarter 2008:- Third Quarter 2008 Funds from Operations (FFO) Per Share (Diluted) of $1.53, up 6%, Compared to Third Quarter 2007 FFO Per Share (Diluted) of $1.45- Third Quarter 2008
-New Lease with Significant Life Science Company Further Solidifies Alexandria's Dominant Position in Key Life Science Cluster-PASADENA, Calif., Oct. 22 /PRNewswire/ -- Alexandria Real Estate
PASADENA, Calif., Oct. 21 /PRNewswire-FirstCall/ -- Alexandria Real Estate Equities, Inc. (NYSE: ARE) today announced the Company will conduct a conference call and audio web cast on Thursday,
Earlier this year, I shared an idea for income-oriented investors who were concerned about the deteriorating economy and the impact it might have on their investments. I suggested looking at the Healthcare REITs, as they were less likely to suffer from concerns about the ability of tenants to pay.
The group has performed exceptionally, down about 7% as you can see in the table below. When I reviewed the group in late January, it was down a...
Many income investors have looked to REITs (Real Estate Investment Trusts) as a source of dividends. REITs
are pass-through entities and to qualify for this status, they must pay
dividends equal to 90% or more of their taxable income. Because many REITs are now trading far below their 2007 highs, their yields appear very attractive. For
example, National Retail Properties (NNN) currently pays a 6.6%
dividend, while Realty Income Corporation (O) is paying 6.1% (the author is long O).
Since
many of these companies were started after The Tax Reform Act of 1986,
you won?t find them on S&P?s list of...
Barron's interviews JP Morgan portfolio manager Scott Blasdell, a U.S. and global real estate guru. Blasdell foresees a possible total 15-20% correction in property prices, which means a 30% drop in REIT prices, of which we've already seen 20%. However, he says, the timing is good to look at select property companies - the cheapest stocks in the sector.
Market Participant submits: A breathless article from Reuters addresses renewed interest in Retail Mall REITs, especially Simon Property Group (SPG). Two different analysts: David AuBuchon of A.G. Edwards and Murat Sensoy of SSgA/Tuckerman contend that Simon Property is not overvalued but secretly and unfairly undervalued.
Well maybe, but probably not. Compared to bubbly specimens such as SL Green (SLG) or Alexandria Real Estate Equities (ARE) yielding 2.10% and 2.90% respectively, SPG at 3.5% is undervalued.
A long term perspective about the price and yield of REITs gives us no comfort, since we have no historical basis for talking about...
Alexandria Real Estate Equities will delay starting construction on two buildings at its Mission Bay biotech campus , despite having tenants willing to lease at least 200,000 square feet , company ...
AP 10.30 . 08 , 3 : 25 PM ETAlexandria Real Estate Equities Inc . reported Thursday that funds from operations increased 14 percent in the third quarter , and the real estate investment trust ...
PASADENA , Calif . , Oct . 22 / PRNewswire / - - Alexandria Real Estate Equities , Inc . ( NYSE : ARE ) , Landlord of Choice to the Life Science Industry ( R ) , today announced that Gilead Sciences ...
Alexandria Real Estate Equities , Inc ( NYSE : ARE ) will hold a conference call on Thursday , October 30 at 2 : 00 pm ET to discuss the third quarter earnings for 2008.Interested parties may ...
PASADENA , Calif . , Oct . 21 / PRNewswire - FirstCall / - - Alexandria Real Estate Equities , Inc . ( NYSE : ARE ) today announced the Company will conduct a conference call and audio web cast ...
( RTTNews ) - Shares of Alexandria Real Estate Equities ( ARE | Quote | Chart | News | PowerRating ) traded with a lack of direction throughout the morning on Thursday , but then it moved firmly ...
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