Orion Office REIT (ONL) : 3-year performance

Orion Office REIT, Inc. acts as a real estate investment trust. It engages in the ownership, acquisition, and management of a diversified portfolio of mission-critical and headquarters office buildings located across the U.S. and leased primarily on a single-tenant net lease basis to creditworthy clients. 

• Sector: Real Estate
• Industry: REIT - Office
• Full Time Employees: 38
• Founded: Nov 12, 2021
• Headquarters: Phoenix, Arizona
• Spinoff from Realty Income (O); Nov 15, 21
• https://www.onlreit.com

 

 

 

DDR Corp. (DDR) declared Q3 2018 common stock dividend of $0.20 per share

DDR Corp. is a  real estate investment trust (REIT) that invests in shopping centers.

• Headquarters: Beachwood, OH
• Number of employees: 540 (2016)
• ddr.com
• ex-div date: Sept 25; $0.20 per share; payable on October 10, 2018 

  

BEACHWOOD, Ohio--(BUSINESS WIRE)--

DDR Corp. (DDR) declared its third quarter 2018 common stock dividend of $0.20 per share. The common stock dividend is payable on October 10, 2018 to shareholders of record at the close of business on September 26, 2018.

About DDR

DDR is an owner and manager of open-air shopping centers that provide a highly-compelling shopping experience and merchandise mix for retail partners and consumers. The Company is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol DDR. Additional information about the Company is available at http://www.ddr.com/.

Physicians Realty Trust (DOC) : 5-year performance

Real estate investment trust company (REIT)

• Headquarters: Wisconsin
• Founded: 2013
• Forward Dividend & Yield 0.92 (5.97%)
• docreit.com

  

-=Long trade : WPG +8% (4/18)

• Apr. 26: #97; vol. 4.5M ; $6.40
• bot day after earnings
• Apr. 27: WPG to join S&P SmallCap 600

COLUMBUS, Ohio (AP) _ Washington Prime Group Inc. (WPG) on Wednesday reported a key measure of profitability in its first quarter.

The Columbus, Ohio-based real estate investment trust said it had funds from operations of $86.5 million, or 39 cents per share, in the period.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $14 million, or 7 cents per share.

The real estate investment trust posted revenue of $180.3 million in the period.

Washington Prime Group expects full-year funds from operations to be $1.48 per share.

The company's shares have declined 16 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $5.95, a decrease of 34 percent in the last 12 months.

Kimco Realty (KIM) reported earnings on Thur 26 Apr 18 (b/o)

Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America's largest publicly traded owners and operators of open-air shopping centers. As of December 31, 2017, the company owned interests in 492 U.S. shopping centers.

• Sector: Real Estate
• Industry: REIT - Retail
• Full Time Employees: 546
• http://www.kimcorealty.com
• Forward Dividend & Yield 1.12 (7.96%)
• Ex-Dividend Date 2018-07-02

Apr. 26 (right after earnings):  #1, 5, 6, 22; vol. 8.0M; $2.86

** charts 1 day after earnings (Apr. 27) **

 **  1 month later : options expired worthless **

NEW HYDE PARK, N.Y. (AP) _ Kimco Realty Corp. (KIM) on Thursday reported a key measure of profitability in its first quarter. The results exceeded Wall Street expectations.

The New Hyde Park, New York-based real estate investment trust said it had funds from operations of $157.8 million, or 37 cents per share, in the period.

The average estimate of 11 analysts surveyed by Zacks Investment Research was for funds from operations of 36 cents per share.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $129.5 million, or 30 cents per share.

The real estate investment trust posted revenue of $304.1 million in the period. Its adjusted revenue was $299.7 million, also beating Street forecasts. Eight analysts surveyed by Zacks expected $298.4 million.

Kimco Realty expects full-year funds from operations in the range of $1.42 to $1.46 per share.

The company's shares have declined 25 percent since the beginning of the year, while the Standard & Poor's 500 index has decreased almost 1 percent. The stock has fallen 37 percent in the last 12 months.

=Seritage Growth Properties (SRG) reported earnings on Tue 27 Feb 2018 (a/h)

• Real estate investment trust company
• Headquarters: NYC
• Founded: 2015
• Div/yield 0.25/2.47
• seritage.com

Seritage Growth Properties reports Q4 (Dec) results, beats on revs 

• Reports Q4 (Dec) funds from operations of $0.20 per share, may not be comparable to the two analyst estimate of $0.42; revenues fell 18.9% year/year to $53.68 mln vs the $51.23 mln single analyst estimate.
• "We ended 2017 on a very strong note with one of our most active quarters to date, including over 870,000 square feet of newly signed leases and the commencement of eight new projects totaling an investment of approximately $385 million. Since our inception, we have signed over 4.8 million square feet of new leases and achieved an average re-leasing multiple of 4.1x on space formerly occupied by Sears Holdings, with new rents averaging approximately $18.00 per square foot compared to $4.35 per square foot, on a same space basis. We have completed or commenced 78 projects representing a total capital investment of approximately $1.1 billion at returns ranging from 10-12% on an incremental unlevered basis, well in excess of capitalization rates for stabilized shopping centers. We were also pleased to commence our premier projects in Santa Monica and San Diego (La Jolla), CA and Aventura, FL, the first three in a series of premier and larger scale densification opportunities within our existing portfolio. Finally, during the quarter, we raised capital through a perpetual preferred equity offering and the extension of our existing unsecured term loan facility, resulting in a total of $530 million of gross proceeds raised during 2017 from financings, asset sales and additional joint ventures. As we enter 2018, we remain focused on unlocking the substantial value of our portfolio through intensive redevelopment and by strengthening our position as preferred partners for growing retailers, mixed-use developers and investors." 

=Retail Properties of America (RPAI)

Real estate investment trust company

• Headquarters: Oak Brook, IL
• Founded: 2003
• rpai.com
• Div/yield 0.17/5.03

Description

Retail Properties of America, Inc. is a real estate investment trust (REIT). The Company owns and operates shopping centers located in the United States. As of December 31, 2016, it owned 156 retail operating properties representing 25,832,000 square feet of gross leasable area (GLA). Its retail operating portfolio includes neighborhood and community centers, power centers, and lifestyle centers and multi-tenant retail-focused mixed-use properties, as well as single-user retail properties. As of December 31, 2016, it had identified 10 target markets, including Dallas, Washington, District of Columbia/Baltimore, New York, Atlanta, Seattle, Chicago, Houston, San Antonio, Phoenix and Austin. Its properties include 23rd Street Plaza, Azalea Square I, Boulevard Plaza, Brown's Lane, Cranberry Square, Denton Crossing, Dorman Center I & II, Edgemont Town Center, Edwards Multiplex, Green's Corner, Home Depot Plaza, Lake Mary Pointe, Lincoln Park, University Town Center and Winchester Commons.

Key stats and ratios

	Q3 (Sep '17)	2016
Net profit margin	27.51%	28.61%
Operating margin	-12.25%	25.17%
EBITD margin	-	60.12%
Return on average assets	3.46%	3.68%
Return on average equity	6.47%	7.29%
Employees	237

=MGM Growth Properties (MGP) : increase in quarterly dividend

• Sector: Financials > Industry: Hospitality REITs
• Founded: October 23, 2015
• mgmgrowthproperties.com
• Div/yield 0.42/5.44

MGM Growth Properties announces an increase in Quarterly Dividend from $0.395 to $0.42/share 
MGP's board of directors declared a quarterly cash dividend of $0.42 per Class A common share for the fourth quarter. On an annualized basis, this dividend of $1.68 represents an increase of $0.10 per share per year, a 6.3% increase over the prior annual rate of $1.58.

Description

MGM Growth Properties LLC is a real estate investment trust engaged in the acquisition, ownership and leasing of destination entertainment and leisure resorts, whose amenities include casino gaming, hotel, convention, dining, entertainment and retail offerings. Its portfolio consists of approximately 10 destination resorts. It has over six entertainment and gaming-related properties located on the Las Vegas Strip, including Mandalay Bay, The Mirage, Monte Carlo, New York-New York, Luxor and Excalibur, and The Park, a dining and entertainment complex located between New York-New York and Monte Carlo. Outside of Las Vegas, it owns over four casino resort properties, including MGM Grand Detroit in Detroit, Michigan, Borgata Hotel Casino & Spa in Atlantic City, New Jersey, and Beau Rivage and Gold Strike Tunica, both of which are located in Mississippi. It operates approximately 27,330 hotel rooms, over 200 restaurants, approximately 100 retail outlets and over 20 entertainment venues.

Key stats and ratios

	Q3 (Sep '17)	2016
Net profit margin	23.91%	7.56%
Operating margin	48.89%	32.89%
EBITD margin	-	83.33%
Return on average assets	1.80%	0.41%
Return on average equity	3.01%	0.81%

=CubeSmart (CUBE) : increase in quarterly dividend

CubeSmart, previously known as U-Store-It Trust, is an American real estate investment trust and provider of self-storage facilities. 

• Headquarters: Malvern, PA
• Number of locations: 792 (As of 31 December 2016, owned and managed)
• cubesmart.com
• Sector: Financials > Industry: Self-Storage REITs
• Div/yield 0.30/3.67

CubeSmart announces 11.1% increase in quarterly dividend
The quarterly distribution represents an annualized dividend rate of $1.20 per share, a $0.12 per share increase from the previous annual rate of $1.08 per share.

Key stats and ratios

	Q3 (Sep '17)	2016
Net profit margin	26.21%	17.33%
Operating margin	36.34%	28.03%
EBITD margin	-	61.55%
Return on average assets	4.32%	2.69%
Return on average equity	9.26%	4.85%
Employees	2,136

=Park Hotels & Resorts (PK) : quarterly cash dividend of $0.55 per share

Park Hotels & Resorts declared quarterly cash dividend of $0.55 per share, up from $0.43 per share but in-line with prior expectations for approximately $0.51 to $0.58 per share

• REIT company
• pkhotelsandresorts.com
• Headquarters: Virginia
• Founded: 1946
• Hilton spinoff

 

CYS Investments (CYS)

• Update July 2018: CYS Investments (CYS) was acquired by Two Harbors Investment Corp. (NYSE: TWO). 

The company was formerly known as Cypress Sharpridge Investments, Inc. and changed its name to CYS Investments, Inc. in September 2011.

• REIT
• Headquarters: Waltham, MA
• Founded: 2006
• cysinv.com
• Div/yield 0.25/12.50 

 

Key stats and ratios

	Q3 (Sep '17)	2016
Net profit margin	111.68%	5.57%
Operating margin	53.01%	68.14%
EBITD margin	-	68.14%
Return on average assets	2.80%	0.12%
Return on average equity	25.41%	-0.40%
Employees	17

-=Apartment Investment & Mgmt (AIV) reported earnings on Thur 26 Oct 2017 (a/h)

• Div/yield 0.36/3.25

Apartment Investment & Mgmt beats by $0.02; guides Q4 FFO in-line; guides FY17 FFO in-line 

• Reports Q3 (Sep) funds from operations of $0.63 per share, $0.02 better than the Capital IQ Consensus of $0.61.
• Chairman and Chief Executive Officer Terry Considine comments: "Business is good. Aimco had a solid third quarter, with strong results from disciplined execution of its business plan. We are on track to meet the FFO and AFFO guidance given at the start of the year."
• Co issues in-line guidancefor Q4, sees FFO of $0.60-$0.64 vs. $0.63 Capital IQ Consensus Estimate.
• Co issues in-line guidance for FY17, sees FFO of $2.42-$2.46 vs. $2.44 Capital IQ Consensus Estimate. 

CyrusOne (CONE)

Data center REIT.   The company owns 35 operating data center facilities in 11 markets.

• Headquarters: Dallas, TX
• Founded 2001;  IPO in Jan 2013
• cyrusone.com

 

Description

CyrusOne Inc. is a real estate investment trust. The Company is an owner, operator and developer of enterprise-class, carrier-neutral, multi-tenant data center properties. The Company's data centers are generally purpose-built facilities with redundant power and cooling. The CyrusOne National IX Platform (the National IX Platform) delivers interconnection across states and between metro-enabled sites within its footprint and beyond. The Company has data centers in the United States, London and Singapore. As of December 31, 2016, the Company provided mission-critical data center facilities for 932 customers in 35 data centers and two recovery centers in 11 distinct markets (nine cities in the United States, London and Singapore) with approximately 3,904,000 net rentable square feet (NRSF). The Company provides round the clock security guard monitoring with customizable security features. As of December 31, 2016, the Company had approximately 1,657,000 NRSF under development.

Key stats and ratios

	Q2 (Jun '17)	2016
Net profit margin	-0.48%	3.76%
Operating margin	9.83%	13.32%
EBITD margin	-	49.90%
Return on average assets	-0.09%	0.79%
Return on average equity	-0.29%	1.94%
Employees	380

Equinix (EQIX)

Data center REIT.  The company operates 175+ data centers in 44 major metropolitan areas in 22 countries on five continents.

• Headquarters: Redwood City, CA
• Founded: June 22, 1998
• NASDAQ Financial-100 Component
• S&P 500 Component
• equinix.com

  

Uniti Group (UNIT)

• REIT - Industrial
• Div/yield 0.60/12.35

 

Uniti Group Inc., formerly Communications Sales & Leasing, Inc., is an internally managed real estate investment trust engaged in the acquisition and construction of infrastructure in the communications industry. The Company focuses on acquiring and constructing fiber optic broadband networks, wireless communications towers, copper and coaxial broadband networks and data centers. It operates in four segments: Leasing, Fiber Infrastructure, Towers and Consumer Competitive Local Exchange Carrier (Consumer CLEC). The Leasing segment includes Uniti Leasing. The Fiber Infrastructure segment includes Uniti Fiber business. The Towers segment includes Uniti Towers and its ground lease investments. The Consumer CLEC segment includes Talk America. As of July 3, 2017, the Company and its subsidiaries owned approximately 88,100 fiber network route miles, representing approximately 4.8 million fiber strand miles and approximately 231,900 route miles of copper cable lines across 32 states.

Key stats and ratios

	Q2 (Jun '17)	2016
Net profit margin	-7.73%	-0.03%
Operating margin	27.56%	35.79%
EBITD margin	-	88.96%
Return on average assets	-1.77%	-0.01%
Return on average equity	-	-
Employees	316

Western Asset Mortgage (WMC) reported earnings on Tue 8 Aug 2017 (a/h)

• Financial REIT
• Headquarters: Pasadena, CA
• Founded: 2004
• westernassetmcc.com
• Div/yield 0.31/11.67

** charts before earnings **

  

** charts after earnings **

Western Asset Mortgage beats by $0.01, beats on revs

• Reports Q2 (Jun) earnings of $0.32 per share, excluding non-recurring items, $0.01 better than the single analyst estimate of $0.31; revenues fell 7.1% year/year to $19.96 mln vs the $18.2 mln single analyst estimate.
  • $10.64 per share net book value as of June 30, 2017, net of second quarter common dividend.
  • Economic return on book value was 4.8% for the quarter.
  • 6.3x leverage as of June 30, 2017.