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Sweeping Earnings For Economic Landmines

Sun, 01 Nov 2009 15:13:55 GMT

We scour third-quarter earnings from REITs and oil firms for signs of upcoming economic stumbling blocks.[More...]

Real Estate Investment Trusts (REIT)

Thu, 22 Oct 2009 17:26:03 GMT

Amid positive signals emanating from the uptick in housing prices and an improving outlook for consumer spending, the housing sector is gradually stabilizing. Both new and existing home sales have increased during the last four consecutive months and are now 32% and 17% above their recent lows, respectively. Single-family housing starts have also risen 37% from their low point, and inventories of homes-for-sale have fallen sharply.[More...]

Weekly Credit Summary: August 21

Fri, 21 Aug 2009 22:22:27 GMT

Spreads ended this tempestuous week mixed with breadth generally weak (wideners outpacing tighteners by over two-to-one) and curves flattening more than steepening in single-names. HY outperformed IG as both IG and HY managed gains on the week (Friday-to-Friday close) and even more so from Monday's gap wider openings as the intraday ranges increased as the week progressed. IG and HY closed today within a few bps of their opening (low/tight) levels of last Thursday as HY reached back above $89 by the end of the week. Interestingly, given the headlines, we saw CMBS prices drop and ABX (RMBS) prices rise on the week as CRE losses are on the tip of everyone's tongues as is a residential housing bottom (not!). IG and HY intrinsics both underperformed as the indices saw tecahnicals at play as well as equities weighing positively and negatively on them every day. HVOL was a smidge wider as was[More...]

Simon Property Group (NYSE: SPG): Short This REIT?

Tue, 23 Jun 2009 12:22:49 GMT

A colleague of mine recently brought an interesting phenomenon to my attention. REITs and one particular REIT – Simon Property Group (SPG) – have had quite the run in the last few months. The above chart runs from March until today – June 22, 2009. It’s clear to see that REITs as an asset class (using VNQ as a proxy) have rallied in excess of the broad market. Simon Property Group – a[More...]

General Growth Finally Goes Down

Mon, 20 Apr 2009 01:02:45 GMT

Early Thursday morning, the managers of General Growth Properties (GGP: 0.00, N/A (N/A)) opted to file for Chapter 11 Bankruptcy protection. General Growth has been the poster child of extreme overleveraging in the real estate industry. The filing totals approximately $24 billion in debt and is the largest real estate bankruptcy in U.S. history. General Growth had been working for months to try and settle it’s debt obligations outside of bankruptcy court. It had been working with creditors to try and relax the terms of the agreements, through not paying interest and extending the time period it would have to repay the debt. However, no accross the board resolution was reached. It was only on[More...]

Do As Simon Says

Thu, 02 Apr 2009 15:22:25 GMT

Among the battered real estate industry there are a few REITs that are situated to take advantage of the carnage and profit in the long run. Simon Property Group (SPG: 33.25, 0.00 (0.00%)) is going to be poised to snatch up properties at rock bottom prices from sellers who simply want to pay down their enormous debt loads. With a market cap of $7.59 billion, SPG is the largest public real estate company in the United States. As of December 31, 2008, SPG owned or held an interest in 324 income-producing properties in[More...]

Bloomberg: Retail REITs Have Further to Fall Even After 78% Decline

Mon, 16 Mar 2009 14:35:00 GMT

Speak of the devil (Mar 13: Beginning to Build a REIT Short Portfolio) we have a nice story front and center on Bloomberg. Any article with Howard Davidowitz in it, makes me smile - even if it's only a passing mention. To reiterate I am on a go slow approach to building these short positions since the market looks to potentially have more upside to it, which will most likely take associated poor companies with it. I am hoping to this first batch of purchases actually goes bad, which would mean I can build much larger positions at higher prices - hence more profit when the eventual next down leg comes. I will say, however,[More...]

Best ETF Buys: Wealth Building And Retirement

Thu, 05 Mar 2009 17:28:00 GMT

"Assuming you want to invest a little more in the markets now, which ETF should be your first choice?" asks ETF expert Mark Salzinger, whose 'Best Buy' portfolios all strongly outperformed the markets last year. In The Investors's ETF Report, he reveals his favorite picks from from two of his model portfolios -- a favorite for long-term wealth building and one investors still in their pre-retirement[More...]

REIT Stocks: 4 Ways To Play The Carnage

Wed, 04 Mar 2009 20:25:00 GMT

If you're looking for the best REIT stock, you should review the definition of an oxymoron and maybe also have your sanity checked. Since REITs peaked in February 2007, the sector is down 75%, as measured by the benchmark MSCI U.S. REIT Index and 64% since last September alone. Equity REIT yields are the now the highest they have been since 1990, and when compared to corporate bonds, valuations of Real Estate Investment Trusts are at their cheapest levels since 1993, according to Green Street Advisors. If you're a contrarian, this also means that investing in REITs could also be a great value play, especially if you have a longer term investment[More...]

Simon Property Group Seems to be doing Well

Mon, 02 Feb 2009 16:21:00 GMT

Going against the grain or not yet feeling the pain, Simon Property Group, major national owner of major malls, including Laguna Hills and Mission Viejo Malls in Orange County California, reports strong 4th quarter, 2008 funds from operations. The credit the good news from strong cost cutting measures over the last year, but admit that the retail environment has been difficult and they expect it to remain that way for at least this year. With that being said, they expect their Premium Outlet NOI to increase by 5% over the next year. In a related note, based upon a recent IRS ruling allowing REITS to pay out a portion of their dividends in stock, Simon has reported that it will pay out 90% of its 4th quarter dividend in this fashion, thus preserving a huge amount of cash. So this is where they are getting their "funds." Wonder what the "stock-in-lieu," is[More...]

Analyst: Fears of Commercial Real Estate Collapse Unfounded

Tue, 27 Oct 2009 17:53:00 GMT

Oct. 27--TAMPA -- Despite fears of a looming crisis, at least one observer of the economy believes talk of a collapse in commercial real estate may be unfounded.
Tuesday morning, John Augustine, the chief investment strategist for Fifth Third Private Bank, revealed his relatively bullish outlook for the economy and stock market for 2010.
He spoke to a small group of Fifth Third bankers and guests at the Tampa Club in downtown Tampa.

: iStockAnalyst.com Symbols Feed

Sweeping Earnings For Economic Landmines

Real Estate Investment Trusts (REIT)

Weekly Credit Summary: August 21

Simon Property Group (NYSE: SPG): Short This REIT?

General Growth Finally Goes Down

Do As Simon Says

Bloomberg: Retail REITs Have Further to Fall Even After 78% Decline

Best ETF Buys: Wealth Building And Retirement

REIT Stocks: 4 Ways To Play The Carnage

Simon Property Group Seems to be doing Well

Analyst: Fears of Commercial Real Estate Collapse Unfounded

Indy developer Mel Simon dies at 82

REITs Prepare for Commercial Real Estate Bust

Chicago Tribune Greg Burns Column: REITs Prepare for Commercial Real Estate Bust

Four New Stores To Help Fill Crystal Mall's Vacancies

Neiman Marcus Joins Retailers Cutting Hours to Save Money

The Palm Beach Post, Fla., Alexandra Clough Column

Troubled Palm Beach Mall Threatened With Shut Down Over Public Safety

Local Retail Experts Believe Vacancies Won't Last Long

Livermore Cinemas Installs Largest Theater Solar-Power System in the Country.

Simon Property Group Sells $500 Million of 5-Year Senior Notes

Simon Property Group To Reopen 5-Year Senior Notes

Simon Property Group Opens Cincinnati Premium Outlets(R)

Simon Property Group Announces Second Quarter Results

ParagonReport.Com Updates Complimentary Analyst Opinion on PRU, RF, SLB, and SPG

ParagonReport.Com Complimentary Analyst Opinion on F, GE, SPG and VZ

ParagonReport.Com Complimentary Analyst Opinion on F, GE, SPG and VZ

Simon's Chelsea Division Opens Ami Premium Outlets(R) in Japan

Cisco's Smart+Connected Communities Provides Sustainable Economic Opportunities Through Energy Innovations

Simon dTOUR Live(R) Presented by ABC Family Links Teens with Music, Fashion, and Extreme Sports

Form 4 MAUTNER HANS C For: Jun 01 (10K)

Form 5 SOKOLOV RICHARD S For: Dec 31 (10K)

Form 4 RULLI JOHN For: Mar 06 (10K)

Form 4 SIMON DAVID For: Mar 02 (10K)

Form 4 STERRETT STEPHEN E For: Feb 27 (10K)

Form 4 SOKOLOV RICHARD S For: Feb 27 (10K)

Form 4 RULLI JOHN For: Feb 27 (10K)

Form 4 MAUTNER HANS C For: Feb 27 (10K)

Form 4 LEWIS GARY L For: Feb 27 (10K)

Form 4 JUSTER ANDREW For: Feb 27 (10K)