Since July 1, the Morgan Stanley REIT index has fallen 8.5%, sending the REIT sector from the black to the red in almost the blink of an eye. REITs posted a total return of 13.5% in the first half of 2002, but they have already given back all of...
Crown American Realty Trust remains a retail REIT underdog in spite of gains in occupancy, funds from operations (FFO) and same-center net operating income (SSNOI) for second quarter 2002. With a portfolio of more than 16 million sq. ft., the...
Though sales are still straggling at Sears, the company managed to beat earnings estimates for second quarter 2002. The Hoffman Estates, Ill.-based retailer’s total revenues declined 0.4% to $10.1 billion, driven mainly by a 0.9% drop in...
Same-store sales took a decided upturn in June, a phenomenon Wall Street analysts say will prove beneficial to retail REITs. Median same-store sales for the month were up 4%. "Given the better than expected same-store sales performance in June, we...
West Coast developer/owner/manager Center Trust joins the Russell 3000 Index this month. The Manhattan Beach, Calif.-based REIT ranked No. 54 on Shopping Center World’s ranking of top owners for 2002 with a portfolio of almost 8 million sq. ft...
Same-store sales took a decided upturn in June, a phenomenon Wall Street analysts say will prove beneficial to retail REITs. Median same-store sales for the month were up 4%. "Given the better than expected same-store sales performance in June, we...
Loan delinquencies in the commercial real estate market are running well below levels in the late 1980s, according to data from the American Council of Life Insurers. Specifically, retail delinquencies are 77% lower than they were in March 1988...
Management at Atlanta-based Home Depot is confident that the company’s stock, which has declined 43% year-to-date, is undervalued. In response to the situation, the retailer’s board of directors announced yesterday it has approved a share...
The world’s second largest video chain is getting bigger and it has hired Des Plains, Ill.-based Northwest Atlantic Group (NWAG) to manage the expansion...
