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Apartment Rental Rates Set To Spike Upward (As Of 08-12-2009)

Fri, 14 Aug 2009 14:14:14 GMT

Many apartment owners can't wait until 2012. If the economy recovers, they will be looking at a perfect storm of events - a shortage of available entry-level housing units, a boom in demand driven largely by Millenials (real-estate jargon for those just about ready to strike out on their own), and the ability to push rents significantly higher due to a shortage of suitable apartments. Tom Bozzuto, CEO of the Bozzuto Group, a Greenbelt, MD.-based multifamily manager overseeing 28,500 units in the Mid-Atlantic states, told Multifamily Executive Magazine recently that "It's not a lot of fun right now to be in the apartment business. But, you take pleasure in knowing that this is the trough in the wave." Other pros in the field feel exactly the same way. Ron Terwillinger, chairman of the country's largest multifamily builder, Trammell Crow Residential based in Dallas, TX expects rents to increase 5% in 2010 and another 10%[More...]

UDR A Renter in Good Shape

Mon, 13 Oct 2008 14:46:00 GMT

UDR, Inc. (UDR) is an apartment real estate investment trust (REIT) that owns, operates, acquires, develops, and renovates middle-market apartment communities. Although it has assets across the country, UDR's exposure is mostly in the Western and Mid-Atlantic US. As of June 30, 2008 the company had ownership interests in 43,045 apartment units, including 4,991 units under development and 1,133 units under contract for development. UDR is included in the S&P Mid-Cap 400 Index. Shares of UDR have dropped 30% over the past week due to a general market selloff. We think UDR is attractively valued relative to underlying NAV (net asset valuation). The yield remains one of the most attractive payouts among national apartment REITs, and the company is covering the dividend with operating cash. UDR reported strong 2Q08 results with[More...]

Analyst Comments: Opnext, Sealed Air, Crown Castle, ASML Holding, Canadian Solar, UDR, NCR Corporation

Thu, 17 Jul 2008 09:55:00 GMT

A major concern for Opnext, Inc. (OPXT) is customer concentration. Cisco (CSCO) and Alcatel-Lucent (ALU) accounted for 45.7% and 14.3% of the total sales, respectively, in the most recently reported quarter. Moreover, the market for optical modules and co[More...]

Commercial REITs Also Feel Pinch

Tue, 13 May 2008 22:24:39 GMT

From time to time, we check in with Zacks senior real estate investment trust [REIT] analyst Greg Sukenik, in hopes we may able to determine a bottom in the housing market either now or in the near future. Also, are there any REIT stocks worth owning? We keep hearing about the implosion of the residential housing market. Should we expect the same problems to develop in the REIT sector? The answer is no. The problems in residential have somewhat spilled into the commercial property sector. Cheap and easy financing is a thing of the past, and this will continue to bring down commercial property values. Values are coming down mostly in older, class B and C properties in smaller markets, but now we are seeing cap rates increases in A p[More...]

Analyst Comments: Convergys, Linktone, American Axle, China GrenTech, ConocoPhillips, Agilysys, UDR, Inc,

Wed, 06 Feb 2008 16:09:58 GMT

Convergys Corporation (CVG), a leading provider of outsourced customer & employee care, announced better than expected earnings results for the fourth quarter of 2007. Although quarterly revenue continues to be lumpy, ongoing restructuring activities have[More...]

Analyst Comments: Borg Warner, Vimpel-Communications, Anadys Pharmaceuticals, Procter & Gamble, UDR Inc

Thu, 03 Jan 2008 14:31:48 GMT

An update with a major cut in the price target has come out on Borg Warner, Inc. (BWA), in which senior auto industry analyst Paul Raman, CFA maintains his cautious approach and reaffirms the Hold rating on the company. We excerpted the following details:'Borg Warner is expected to benefit from the growing demand for its strong technology-based...[More...]

Analyst Comments: Hershey Company, Ultra Clean, Genuine Parts, Post Proper, Altera

Mon, 03 Dec 2007 14:37:13 GMT

Holiday shoppers may be stocking up on products from The Hershey Company (HSY), but it is the recent management makeover at the company that has Zacks senior consumer products analyst Steven Ralston, CFA reiterating his Buy recommendation on the shares this morning:'The Hershey Trust is not satisfied...[More...]

Attractive Valuation for UDR

Fri, 02 Nov 2007 14:31:44 GMT

Due to drop of about 20% in the share price of REIT firm UDR, Inc. (UDR), over the past six months, Zacks infrastructure analyst Greg Sukenik recommends a Buy rating on the shares of the company. The following excerpts explain his position:'Operationally, UDR had strong 2nd quarter, with solid increases in revenue, net operating income (NOI) and income per occupied home. While occupancies slightly declined, rental rates are increasing at a healthy...[More...]

Seven for '07 Results

Fri, 19 Oct 2007 13:48:26 GMT

Just about a year ago (Oct. 13, 2006) we published a short article called 'Seven For '07,' a follow-up the 'Six for '06' published a year earlier. Well, this is a good time to look back and see how the predictions panned out. Yes, I know that 2007 is not over, but it has been a little over a year since it was published. Let's first start with the macro overview at the start of the piece:'As I peer into my crystal ball into 2007, we must admit to seeing a fair amount of cloudiness. I think that overall economic growth will be significantly slower than in 2006, but this softness will fall short of falling into a recession. The yield curve is inverted, and historically that has presaged a slowing in the economy. The key culprit in the growth slowdown is likely to be the housing market. The bubble is clearly bursting, but the housing market tends to move in slow motion. With no upward movement in housing prices, indeed a likel[More...]

Pletschet: Dividends on REITS Will Take Hit

Fri, 20 Mar 2009 02:49:00 GMT

The sagging economy has sent the prices of real estate investment trusts into a nose-dive, but REIT owners and particularly new REIT buyers haven't felt the strain because falling prices have triggered higher dividend yields.
REIT dividend payouts have been sky-high and sacrosanct for years because for years a REIT has been required by law to pay out to shareholders 90 percent of its pre-tax income to keep from being taxed itself.
But the cash dividend yields of some REITs, maybe even all of them, are going to take a hit because of a new tax ruling that infuses much needed cash into REIT balance sheets.

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Apartment Rental Rates Set To Spike Upward (As Of 08-12-2009)

UDR A Renter in Good Shape

Analyst Comments: Opnext, Sealed Air, Crown Castle, ASML Holding, Canadian Solar, UDR, NCR Corporation

Commercial REITs Also Feel Pinch

Analyst Comments: Convergys, Linktone, American Axle, China GrenTech, ConocoPhillips, Agilysys, UDR, Inc,

Analyst Comments: Borg Warner, Vimpel-Communications, Anadys Pharmaceuticals, Procter & Gamble, UDR Inc

Analyst Comments: Hershey Company, Ultra Clean, Genuine Parts, Post Proper, Altera

Attractive Valuation for UDR

Seven for '07 Results

Pletschet: Dividends on REITS Will Take Hit

UDR to Purchase 6.5% Notes Due 2009

Richmond Stock Index Drops 40.45% in 2008

RidgewaterEquity.Com Free Fundamental Sector &Amp; Market Research on RDC, UDR, TDC, CPT, SHO and TOT

UDR Announces Third Quarter 2009 Results

UDR Declares Quarterly Dividends

UDR Announces Expiration and Final Results of Its Cash Tender Offer for Its 8Â½% Debentures Due September 15, 2024

UDR Forms $450 Million Joint Venture

UDR Commences Tender Offer and Consent Solicitation for Its 8½% Debentures Due September 15, 2024

UDR Announces Second Quarter 2009 Results

StreetInvesting.Com Free Research on TC, CXW, CRL, UDR, TSRA, SONS

UDR Announces Dates for Second Quarter 2009 Earnings Release and Conference Call

UDR’s iPhone App Makes Finding an Apartment for Rent As Easy as Possible

Form 4 UDR, Inc. For: Oct 22 Filed by: Cantor H Andrew (10K)

Form 4 UDR, Inc. For: Oct 20 Filed by: SANDLER MARK J (10K)

Form 3 Cantor H Andrew For: Sep 30 (10K)

Form 4 AKIN MATTHEW T For: Sep 30 (10K)

Form 4 WALKER S DOUGLAS For: Sep 30 (10K)

Form 4 UDR, Inc. For: Sep 14 Filed by: FREEMAN ROBERT P (10K)

Form 4 SPANGLER THOMAS A For: Sep 09 (10K)

Form 4 SPANGLER THOMAS A For: Aug 21 (10K)

Form 4 SPANGLER THOMAS A For: Aug 18 (10K)

Form 4 WALLIS W MARK For: Jun 22 (10K)