NEW YORK-- Real estate investment trust Newcastle Investment Corp. said Thursday it completed the spinoff of its New Residential Investment Corp.. Holders of Newcastle Investment common stock as of May 6 were issued one share of New Residential common stock for each share of Newcastle stock they held.
NEW YORK, May 16- A plan to roll the Empire State Building into a real estate investment trust is a whisker away from obtaining the necessary investor approval for a stock offering allowing the public to own a piece of the iconic skyscraper, according to a regulatory filing on Thursday.
May 9- Canadian Tire Corp, best-known for its namesake automotive and homeware stores, said it plans to create a C $3.5 billion real estate investment trust through an initial public offering in the fall of 2013..
May 9- Canadian Tire Corp, best-known for its namesake automotive and homeware stores, said it plans to create a C $3.5 billion real estate investment trust through an initial public offering in the fall of 2013.. Canadian Tire- owned properties currently occupy about 25 million square feet across Canada.
TOLEDO, Ohio-- Health Care REIT Inc. plans to spend $697 million in cash to buy a majority ownership stake in 47 Canadian senior housing communities. Health Care REIT invests in senior housing and health care real estate.
May 7- Vornado Realty Trust:. *Has appointed Stephen Theriot as the company's chief financial officer. *Stephen Theriot replaces Joseph Macnow as CFO.
May 7- Aviv REIT Inc:. *RBC raises price target to $32 from $28; rating outperform. Reuters Station users, click. 1568.
May 7- Dundee Industrial Real Estate Investment Trust:. *Qtrly basic affo per unit $0.17. *Qtrly basic FFO per unit $0.22.
U.S. real estate investment trusts are corporate bond issuers that elect a certain tax status and have unique investment parameters, distribution requirements and liquidity needs; however, there are similarities between REITs and non-REIT corporations in areas such as corporate governance practices and growth strategies, according to Fitch Ratings in a new report.
NEW YORK, May 06 U.S. real estate investment trusts are corporate bond issuers that elect a certain tax status and have unique investment parameters, distribution requirements and liquidity needs; however, there are similarities between REITs and non-REIT corporations in areas such as corporate governance practices and growth strategies, according to Fitch Ratings in a new report.
May 7- Vornado Realty Trust:. *Joseph Macnow appointed as Vornado'S chief administrative officer. *Source text for Eikon* Further company coverage ().
May 7- Allied Properties Real Estate Investment Trust:. *Reit: Raymond James Raises to outperform from market perform For a summary of rating and price target changes on U.S. companies: Reuters Eikon users, click on RCH/US Reuters 3000 Xtra users, double-click RCH/US Reuters Station users, click. 1568.
May 6- Vornado Realty Trust said a key metric of real estate investment trust performance fell in the first quarter, hurt by its investment in J C Penney Co Inc.
May 6- RioCan Real Estate Investment Trust:. *Announces dissolution of joint venture agreement with Retail Properties of. eight Retail assets in Texas from 80% to 100%.
*Announces operating results for first quarter 2013. *Q1 revenue rose 33 percent to $13.9 million. *Q1 FFO per share $0.23* Source text for Eikon* Further company coverage.
May 6- Arbor Realty Trust Inc:. *Announces pricing of public offering of series b cumulative redeemable. *Priced the public offering of the shares at liquidation preference $25.00 per.
May 6- Piedmont Office Realty Trust Inc:. *Piedmont Office Realty Trust announces pricing of upsized senior notes. *Priced offering of $350 million aggregate principal amount of 3.40% senior.
May 6- Pennsylvania Real Estate Investment Trust:. *Reit: stifel raises to buy from hold For a summary of rating and price target changes on U.S. companies: Reuters Eikon users, click on RCH/US Reuters 3000 Xtra users, double-click RCH/US Reuters Station users, click. 1568.
May 6- Piedmont Office Realty Trust Inc:. *Piedmont Office Realty Trust announces proposed offering of senior notes. *Piedmont operating partnership lp to offer $250 million aggregate principal.
May 6- RioCan Real Estate Investment Trust:. *BMO raises target price to C $30.75 from C $30; rating market perform. Reuters Station users, click. 1568.