New Long-Term Lease Agreements, Acquisitions, Financial Results and Stock Updates - Analyst Notes on Ventas, Duke Realty, BioMed Realty, MFA and Retail Properties of America
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NEW YORK, May 19, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Ventas, Inc. (NYSE: VTR), Duke Realty Corp. (NYSE: DRE), BioMed Realty Trust Inc. (NYSE: BMR), MFA Financial, Inc. (NYSE: MFA) and Retail Properties of America, Inc. (NYSE: RPAI). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2619-100free.
Ventas, Inc. Analyst Notes
On May 14, 2014, Ventas, Inc.'s (Ventas) stock went up by 0.71%, closing at $67.09 per share. Over the past three trading days, however, the Company's stock has declined nearly 1% compared to the Dow Jones Industrial Average which has on the contrary gained 0.18% during the same three day trading period. The full analyst notes on Ventas are available to download free of charge at:
http://www.analystsreview.com/2619-VTR-19May2014.pdf
Duke Realty Corp. Analyst Notes
On May 14, 2014, Duke Realty Corp.'s (Duke Realty) stock increased by 0.81%, ending the day at $17.45 per share. Over the previous five days, the Company's stock has lost 0.51% compared to the S&P 500 which has gained 0.55% during the same duration of time. The full analyst notes on Duke Realty are available to download free of charge at:
http://www.analystsreview.com/2619-DRE-19May2014.pdf
BioMed Realty Trust Inc. Analyst Notes
On May 8, 2014, BioMed Realty Trust Inc. (BioMed Realty) announced that it has signed a new long-term lease with Intertek USA, Inc., a division of Intertek Group plc., for 46,142 square feet at the Company's Wateridge Summit property in San Diego, California. According to the Company, the term of the new lease with Intertek is approximately eleven years., Alan Gold, Chairman and CEO of BioMed Realty, stated, "We are very pleased to welcome Intertek Pharmaceutical Services to Wateridge Summit. The leasing success at our Wateridge Summit facilities in such short order is a testament to the expertise and strong relationships of our San Diego team, but it also reflects the strength of the biotechnology market in San Diego which continues to innovate, invest capital and grow. We look forward to serving the real estate needs of Chetan's team in Sorrento Mesa to propel their research forward." The full analyst notes on BioMed Realty are available to download free of charge at:
http://www.analystsreview.com/2619-BMR-19May2014.pdf
MFA Financial, Inc. Analyst Notes
On May 1, 2014, MFA Financial, Inc. (MFA) reported its Q1 2014 financial results. The Company's quarterly net income attributable to shareholders stood at $72.4 million or $0.20 per diluted share, compared to Q1 2013 net income attributable to shareholders of $75.3 million or $0.21 per diluted share. Commenting on the results, MFA's CEO, William Gorin, stated, "In the first quarter, MFA continued to generate consistent and attractive results in an investment environment characterized by very low short-term interest rates. MFA remains positioned for a more flexible monetary policy by the Federal Reserve based on measures of the labor markets, core inflation and other incoming data. Due to our strategy of investment across the residential mortgage asset universe, we were able to increase the yield on MFA's interest earning assets during the quarter to 4.32% while also reducing estimated effective duration, a measure of MFA's interest rate sensitivity, to 0.83. Leverage, which reflects the ratio of our financing obligations to equity, remained at 2.9:1." The full analyst notes on MFA are available to download free of charge at:
http://www.analystsreview.com/2619-MFA-19May2014.pdf
Retail Properties of America, Inc. Analyst Notes
On May 5, 2014, Retail Properties of America, Inc. (Retail Properties of America) announced that it has entered into an agreement to acquire six multi-tenant retail assets through the dissolution of its MS Inland joint venture. According to the Company, it will acquire its partner's 80% ownership interest in the six properties. Additionally, Retail Properties of America stated that the properties have an agreed upon value of $292.5 million, with its partner's 80% interest valued at $234.0 million. The Company will also assume the joint venture's $142.2 million of in-place mortgage financing, as of March 31, 2014, at a weighted average interest rate of 4.79%, closing on June 2014, subject to customary closing conditions. Retail Properties of America President and CEO, Steve Grimes, stated, "We are very pleased to add these outstanding assets to our wholly-owned portfolio. This transaction will enhance our presence in our target markets with high quality multi-tenant retail assets demonstrating strong demographic profiles and long-term growth potential. Additionally, this transaction further simplifies our balance sheet, as we will have no remaining investment property unconsolidated joint ventures." The full analyst notes on Retail Properties of America are available to download free of charge at:
http://www.analystsreview.com/2619-RPAI-19May2014.pdf
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