Analyst Study on General Growth Properties Inc. and Developers Diversified Realty Corp. - Retail REITs in Good Shape Heading Int
November 19 2010 - 7:06AM
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on the aspects moving the REIT - retail stocks, and offers complete
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General
Growth Properties Inc. (NYSE: GGP) and
Developers Diversified Realty Corp. (NYSE: DDR).
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access to our complimentary research on these REIT - retail stocks.
Retail REITs benefited from improved fall retail sales and are
in a good position heading into the earnings season. In addition to
improved retail sales figures, a batch of new store openings and
secondary stock openings from a few trusts provided a recent boost
for the industry.
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investors can have specific access to complimentary reports on REIT
- retail industry; traders looking for analysis on General Growth
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Retail sales (excluding vehicles, gas and building materials)
were up 4.8% in September and 4.5% in October. The sales figures in
combination with hundreds of new store openings around the country
bode well for retail REITs as holiday spending is set to begin.
Visit us at http://www.wallstreetequityresearch.com/ to understand
the catalysts and forces driving or affecting companies in the REIT
- retail industry.
A few struggling REITs recently used a secondary stock offering
to generate capital and in one case, retail realtor General Growth
Properties Inc. ended a 19 month bankruptcy run. The timing of the
secondary offering suggests that retail REITs think the worst is
behind them and that this holiday season is an ideal time to
reinvest and prepare for a stronger 2011. Investors can register
today at
http://wallstreetequityresearch.com/November192010GeneralGrowthPropertiesInc.(GGP)191110.php
to download the full report on General Growth
Properties Inc.
Overall, retail REITs are in far better shape than they were at
this time last year. Improved fall sales figures and new store
openings are positive factors working in favor of the industry.
Strong capital gains in the 4th quarter could also better position
REITs for investments and growth for the start of 2011.
Looking at earnings delivered so far by some of the key players
in the industry, Developers Diversified Realty Corp. saw an
improvement in its funds from operations (FFO) for Q3 2010 boosted
by a drop in charges, gains on debt retirement and other one-time
items. Not including one-time items the shopping center developer
posted FFO of $63.2 million. Developers Diversified Realty saw a
net loss of $24.9 million down from $148.4 million in the same
quarter last year. Investors can access free research on Developers Diversified Realty Corp. now by signing up
at
http://wallstreetequityresearch.com/November192010DevelopersDiversifiedRealtyCorp.(DDR)191110.php.
Conversely, General Growth Properties Inc. which posted its
financial results a few days after Developers Diversified Realty
Corp. saw net operating income of $581.8 million and a net loss of
$231.2 million. The company's losses were mainly due to expenses
associated with its bankruptcy reorganization.
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