|Bid||0.00 x 900|
|Ask||214.40 x 800|
|Day's Range||176.65 - 178.63|
|52 Week Range||145.78 - 179.45|
|PE Ratio (TTM)||24.59|
|Earnings Date||Oct 25, 2018 - Oct 29, 2018|
|Forward Dividend & Yield||8.00 (4.54%)|
|1y Target Est||185.59|
Aug.07 -- Kevin Kelly, Benchmark Investments managing partner, discusses his options strategy with Bloomberg's Abigail Doolittle on "Bloomberg Markets."
Moody's Investors Service, ("Moody's") has upgraded the ratings on four classes and affirmed the ratings on nine classes in COMM 2013-CCRE6 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, ...
A mini museum at the giant mall will not only expose people to some of the artist's masterpieces but help drive foot traffic to the retail center.
Before I go further, the shopworn myth I’m talking about is that REITs nosedive when interest rates rise. This “wisdom” is deceiving because it looks true: around the time the Fed raises rates or the yield on the benchmark 10-year Treasury takes off, REITs do take a hit. Because after plunging as low as 13% on the year in February, VNQ has surged, mainly on strong REIT earnings as the growing economy powers rent increases and demand for space.
What Lies Ahead for Simon Property in the Second Half of 2018? In its second-quarter 2018 earnings conference call, Simon Property (SPG) stated that it will continue investing in the redevelopment and expansion of its properties. Notably, the company has spent ~$5 billion on development projects over the last five years.
American Tower’s (AMT) back-to-back quarters of upbeat performance have instilled confidence in analysts, which we can see reflected in their ratings. Most analysts remain bullish on the stock with “buy” recommendations. Seven of the 22 analysts covering American Tower have given it “strong buy” ratings, ten have given it “buy” ratings, and the remaining five have given it “hold” ratings.
Kevin Kelly, Benchmark Investments managing partner, discusses his options strategy with Bloomberg's Abigail Doolittle on "Bloomberg Markets." (Source: Bloomberg)
The price-to-AFFO (price-to-adjusted funds from operations) ratio is considered to be the best multiple for measuring a REIT and finding out where it’s undervalued or overvalued compared to its peers. The ratio’s implications are similar to the implications of the PE ratio.
What Lies Ahead for Simon Property in the Second Half of 2018? Simon Property (SPG) has reported five consecutive quarters of upbeat top-line performances and also seen YoY improvements. Furthermore, Simon Property is focusing on transforming its properties by adding more hotels, restaurants, and luxury stores.
American Tower (AMT) converted itself into a REIT in January 2012, and since then it’s been consistent in paying quarterly cash dividends and increasing those dividends every quarter.
What Lies Ahead for Simon Property in the Second Half of 2018? After a weak performance in the first half of 2018 with returns of about -1%, Simon Property Group (SPG) stock has been gaining solid momentum recently and even hit a new 52-week high of $179.45 on August 3. The company also saw a notable YoY (year-over-year) improvement in its top and bottom lines, which suggests that Simon Property’s initiatives to drive mall traffic amid a challenging retail environment are headed in the right direction.
American Tower (AMT) reported adjusted EBITDA of $1.08 billion in the second quarter, coming in ahead of analysts’ expectation of $1.07 billion. Its adjusted EBITDA also marked a YoY (year-over-year) improvement of 6.2% mainly driven by higher revenue and efficient cost management.
American Tower (AMT) generates ~45% of its revenue from the international market. The company’s revenue from the international market reached $792 million in the second quarter, reflecting a YoY (year-over-year) rise of 7%.
Continuing its upbeat performance, American Tower (AMT) reported better-than-expected results for the second quarter on July 31.
Equinix’s (EQIX) business comprises interconnection, colocation, and managed IT infrastructure services, based on the recurring revenue model. Customers are charged fixed rates on a recurring basis throughout the term of their contracts. Analysts are optimistic that this trend could continue and boost Equinix’s second-quarter adjusted EBITDA.
The Southern California mall operator has shifted its priority off mall's occupancy rates and toward higher sales per square foot.
If the Towne West Square mall in west Wichita is on its death bed, it didn't seem that way on Friday. Three days after a petition was filed in Sedgwick County District Court for the foreclosure of the mall, several dozen people could be seen late Friday morning walking the mall and shopping at its stores. Two shop owners in the mall told the WBJ that they aren't overly concerned about the foreclosure petition, which essentially represents a $51 million loan note be called in on the mall's owners, Towne West Square LLC. "I'm not worried about it," said Rania Dillon, who operates the Apothecary Essentials & More store.
The new and expanded leases only encompass about 4 percent of the nearly 1.3 million-square-foot regional mall, but it isn't the size that matters.
Tanger Factory Outlet Centers (NYSE:SKT) has become a battleground stock. Some 27% of Tanger stock is sold short at the moment. Heading into its most recent earnings report, Tanger stock had bounced 20% from May lows.
Amazon Pop-Up is headed to the Charlotte market. Internet giant Amazon.com Inc. (NASDAQ:AMZN) has snagged space at Concord Mills for that concept. It will be located near VF Outlet and guest services.
NEW YORK, Aug. 01, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Innophos ...
Over the past year, the retail industry has been in a downward spiral. A lot of U.S. malls saw a decline in occupancy rates of many different stores over the past two years.