Financial Results Release and Completed Loan Transactions - Analyst Notes on CWH, Sunstone, ARI, Invesco and Alexandria Real Estate Equities

NEW YORK, May 16, 2014 /PRNewswire/ --

Today, Analysts Review released its analysts' notes regarding CommonWealth REIT (NYSE: CWH), Sunstone Hotel Investors Inc. (NYSE: SHO), Apollo Commercial Real Est. Finance Inc (NYSE: ARI), Invesco Mortgage Capital Inc. (NYSE: IVR) and Alexandria Real Estate Equities Inc. (NYSE: ARE). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2555-100free.

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CommonWealth REIT Analyst Notes
On May 8, 2014, CommonWealth REIT (CWH) reported its Q1 2014 financial results. Total revenues fell 17.3%YoY to $217.3 million. Net income came in at $9.3 million, or $0.08 per diluted share versus $14.5 million, or $0.15 per diluted share in Q1 2013. According to the Company, Q1 2014 net income includes the reversal of previously recorded asset impairment charge of $4.8 million, partially offset by $3.9 million, of shareholder litigation costs and related expenses included in general and administrative expenses, as well as $6.2 million of estimated incentive fees payable in CWH's common shares. The Company added that its two central business district and 29 suburban properties which were classified as held for sale as of December 31, 2013 will no longer meet the requirements under GAAP for classification as held for sale and thus the current financial report reflects the reclassification of the aforementioned properties from discontinued to continuing operations. The full analyst notes on CWH are available to download free of charge at:

http://www.analystsreview.com/2555-CWH-16May2014.pdf

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Sunstone Hotel Investors Inc. Analyst Notes
On May 5, 2014, Sunstone Hotel Investors Inc. (Sunstone) reported its Q1 2014 financial results. Total revenues increased 24.9% YoY, to $243.5 million. Net loss was registered at $8.1 million, or $0.04 per diluted loss, compared with net income $17.5 million, or $0.12 per diluted share in Q1 2013. Commenting on the results, Ken Cruise, CEO, Sunstone, said, "Our first quarter revenues and profitability exceeded initial expectations driven by improving group demand and ongoing strength in business travel. During the quarter our future group bookings accelerated. Our 2014 group revenues on the books are now outpacing prior year levels by approximately 6.5%. Additionally, continued property-level innovation and solid expense controls helped to drive a 210 basis point increase in our same-store hotel EBITDA margins in the first quarter. Our outlook for the remainder of 2014 and beyond has improved." For Q2 2014 the Company expects net income to be between $33.0 million to $36.0 million. The full analyst notes on Sunstone are available to download free of charge at:

http://www.analystsreview.com/2555-SHO-16May2014.pdf

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Apollo Commercial Real Est. Finance Inc Analyst Notes
On May 12, 2014, Apollo Commercial Real Estate Finance, Inc. (ARI) announced the closing of its two commercial real estate loan transactions amounting to $189.0 million. ARI informed that the transactions include the $155.0 million floating-rate whole loan secured by first mortgage and equity interests and $34.0 million floating-rate first mortgage loan. Scott Weiner, Chief Investment Officer of the Company's Manager, said, "We were extremely pleased ARI was able to quickly deploy capital following the Company's recent common equity raise into two well-structured mortgage loans which we expect will generate attractive, risk-adjusted returns." The Company stated that it also amended its master repurchase agreement with JPMorgan Chase Bank N.A. (JPMorgan Facility) and Deutsche Bank AG (Deutsche Bank Facility), increasing the total borrowing capacity from $100.0 million to $147.0 million and from $100.0 million to $200.0 million, respectively. The full analyst notes on ARI are available to download free of charge at:

http://www.analystsreview.com/2555-ARI-16May2014.pdf

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Invesco Mortgage Capital Inc. Analyst Notes
On May 5, 2014, Invesco Mortgage Capital Inc. (Invesco) reported its Q1 2014 financial results. Total interest income increased 6.6%YoY to $171.1 million. However, net loss stood at $74.4 million, or $0.60 per diluted share, compared with net income $84.0 million, or $0.64 per diluted share in Q1 2013. According to the Company, the net loss during Q1 2014 was due to change in value of interest rate swaps recorded in income. Richard King, President and CEO, Invesco, said, "Our efforts to deploy capital into new initiatives to reduce the interest rate sensitivity of our portfolio and benefit from strong real estate fundamentals continued as our book value improved. We have been able to maintain our dividend and keep core earnings steady, building shareholder value." The full analyst notes on Invesco are available to download free of charge at:

http://www.analystsreview.com/2555-IVR-16May2014.pdf

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Alexandria Real Estate Equities Inc. Analyst Notes
On May 5, 2014, Alexandria Real Estate Equities Inc. (Alexandria Real Estate Equities) reported its Q1 2014 financial results. Total revenues increased 17.4%YoY, to $176.2 million. Net income stood at $32.7 million, or $0.46 per diluted share, compared with $22.4 million, or $0.36 per diluted share in Q1 2013. Net operating income also increased 17.9% YoY to $123.7 million. Joel S. Marcus, Chairman, CEO and Founder of Alexandria Real Estate Equities, said, "Our first quarter results in 2014 continued to highlight the momentum of our improving fundamentals, which is driving stable and solid growth. The sustained migration into Class A collaborative science and technology campuses in urban innovation clusters continues to drive demand for our properties." For full year 2014, the Company expects diluted EPS to range between $1.75 to $1.85. The full analyst notes on Alexandria Real Estate Equities are available to download free of charge at:

http://www.analystsreview.com/2555-ARE-16May2014.pdf

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EDITOR'S NOTES:
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