Real Estate Investment Trusts
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NEW YORK, Feb 4- Simon Property Group Inc said on Monday a key earnings measure rose in the fourth quarter, helped by higher rents and sales at its malls and outlet centers. Simon said fourth-quarter funds from operations increased to $827.4 million, or $2.29 per share, from $678.9 million, or $1.91 per share, a year earlier.
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NEW YORK-- Brookfield Office Properties Inc. said Friday that its fourth-quarter funds from operations rose 5 percent, beating Wall Street predictions, and issued a better-than-expected outlook for 2013..
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NEW YORK-- Annaly Capital Management Inc. raised its offer to buy the rest of specialty finance group CreXus Investment Corp. and has sealed the deal for about $872.3 million in cash. Annaly, a real estate investment trust, said Thursday it will pay $13 per share for the stock it doesn't already own, up from its November offer of $12.50 per share.
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NEW YORK-- A look at the 10 biggest volume decliners on New York Stock Exchange at the close of trading:. BRT Realty Trust: Approximately 1,000 shares changed hands, a 80.6 decrease from its 65- day average volume. The shares rose$. 04 or. 6 percent to $6.59.
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The spread between low interest rates and the money real estate generates is "truly astonishing," Starwood Capital CEO Barry Sternlicht told CNBC.
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CHICAGO-- Mall operator General Growth Properties Inc. said Monday that it has bought $633 million in warrants for its shares from two of the major investors that helped pull the company out of bankruptcy in 2010.. The Chicago- based real estate investment trust acquired the warrants from The Blackstone Group and Fairholme Funds Inc..
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Brookfield Office Properties could be under pressure Monday after Citi downgraded the company and lowered its price target, citing the expiration of a lease from a major tenant. Other analysts have been too slow to lower their outlook for the real estate investment trust, analysts with Citi Research said in a research note.
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LONG BEACH, Calif.-- HCP, a real estate investment trust which invests mostly in health care facilities, is raising its quarterly cash dividend by 5 percent to 52.5 cents, from 50 cents. The Long Beach, Calif., company said Friday that the dividend will be paid on Feb. 19 to shareholders of record on Feb. 4. Shares of HCP Inc. added 10 cents to $46.61 in morning trading.
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GREENWICH, Conn.-- Starwood Property and Starwood Capital will spend $1.05 billion in cash to acquire LNR Property LLC, the former investment wing of the homebuilder Lennar. It's currently owned by affiliates of Aozora Bank Ltd., iStar Financial and Vornado Realty Trust.
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CBS' stock rocketed on Thursday, as investors applauded the media company's move to convert its outdoor advertising business to a real estate investment trust, while divesting itself of its international portfolio.
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Applications for U.S. home mortgages rose for a second straight week following three weeks of declines, data from an industry group showed on Wednesday.
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Wall Street is hitching its bullish hopes to an unlikely star, believing that real estate will lead the recovery.
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This new asset class could offer all kinds of investors a chance to get in on an old and well-tested source of revenue.
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NEW YORK, Dec 17- MacKenzie Capital Management LLC is offering to buy up to 170 ownership units in Empire State Building Associates LLC, which owns the iconic New York skyscraper, for $110,000 a unit, and said it would support a plan to fold the building into a proposed real estate investment trust, according to regulatory documents filed on Monday.
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*Loblaw to sell most of its real estate assets into REIT. *Move will allow Loblaw to reinvest in its core business. TORONTO, Dec 6- Loblaw Companies Ltd, Canada's largest grocer, said on Thursday it plans to create a real estate investment trust to hold most of its property assets, sending its stock and that of its parent, George Weston Ltd, surging higher.
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TORONTO, Dec 6- Loblaw Companies Ltd, Canada's largest grocer, said on Thursday it plans to create a real estate investment trust to hold a significant part of its real estate assets, in an effort to create value for shareholders.
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Dec 6- Loblaw Companies Ltd, Canada's largest grocer, said on Thursday it plans to create a real estate investment trust to acquire a significant portion of Loblaw's real estate assets, a move that potentially unlocks additional value for shareholders.
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*Move comes as U.S. retailers look to expand in Canada. TORONTO, Dec 5- A consortium led by Canada's KingSett Capital will offer about C $2.6 billion to acquire Primaris Retail REIT to bolster its portfolio of Canadian shopping malls at a time when U.S. retailers are looking to expand northward.
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*Set to buy $1.4 bln Brazil assets. SINGAPORE, Nov 14- Singapore warehouse operator Global Logistic Properties Ltd is teaming up with large institutional investors to buy $1.4 billion of assets in Brazil as it looks to sustain its strong pace of growth.
