Posts for Ticker ‘KRC’

Can Office & Retail REITs Stave Off The Economy? (GGP, KRC, DDR, SLG)

Office_building_picMany REITs are in trouble.  That is becoming the understatement of the year.  The REITs doing better in today’s environment are the ones whose projects are already built and those that were fully leased.  This is particularly true of retail and office REIT structures where investors are starting to become more risk adverse.

General Growth Properties, Inc. (NYSE: GGP) has been among the worst performers of retail and multi-use REITs.  Last week was deemed by many as the apex but that didn’t hold.  The company has secured additional funding in recent weeks, but is still back in the barrel.  Financing needs apparently still prevail and last week executives had to sell shares to cover margin calls.  Now, it is reviewing strategic alternatives and shares are down again.  In summer these shares were north of $40.00 and in the first half of 2007 this was a $60+ stock. On September 12, this was at $27.55.  Last week it closed as low as $19.92 before Friday’s recovery.  Shares today are down 17% at $17.70.

Read More »

Posted on: September 22, 2008 – 12:41 pm in Dividend, REIT, , , ,

Pre-Market Analyst Calls (October 1, 2007)

AMR cut to Hold at Citigroup.
ALVR raised to positive at Susquehanna.
CHTR started as Overweight at JPMorgan.
CME raised to Outperform at Wachovia.
COMS cut to Neutral at UBS.
COP cut to Sell at Deutsche Bank.
CTXS cut to Neutral at B of A.
HAR reinstated as Overweight at Lehman.
IDTI cut to Equal Weight at Lehman.
ISIL raised to Equal Weight at Lehman.
KRC raised to Buy at Citigroup.
LKQX started as Hold at Deutsche Bank.
LUV cut to Hold at Citigroup.
MRVL cut to Equal Weight at Lehman.
NCC cut to Underperform at Bear Stearns.
NETL cut to Equal Weight at Lehman.
PCL cut to Neutral at Merrill Lynch.
PRX cut to Underperform at FBR.
RIMM cut to Outperform at RBC.
RYN cut to Sell at Merrill Lynch.
SVU started as Sell at B of A.
SXCI raised to Buy at UBS.
TEN started as Underperform at Bear Stearns.
VSTA cut to Sell at Deutsche Bank.

Jon C. Ogg
October 1, 2007

Posted on: October 1, 2007 – 6:46 am in Analyst Calls, , , , , , , , , , , , , , , , , ,