A REIT rundown: how the city’s biggest firms are faring after the 2012 deal frenzy

While stocks aren't at pre-boom levels, analysts more optimistic than a few months ago

TRD New York /
Feb.February 04, 2013 10:30 AM

From the February issue: After a frenzy of buying and selling in the face of declining stock prices, 2012 ended on an up-note for many of the real estate investment trusts with notable New York holdings. And while the companies’ stock prices have still not reached their pre-boom highs, many analysts are still bullish on the firms, arguing that most of them have deployed the billions they have raised in savvy, strategic ways. In a sense, that rosy outlook marks a sharp reversal in a short span of time. Indeed, just a few months ago, some analysts were guessing that some of the most active New York REITs — including SL Green Realty, Vornado Realty Trust and Boston Properties — might buy up their own stocks in a bid to prop up the trading prices. But now, that added boost doesn’t seem necessary. [more]


Related Articles

arrow_forward_ios
Chicago resi broker will have a different kind of deal to close on “The Bachelorette”

Chicago resi broker will have a different kind of deal to close on “The Bachelorette”

Calling all agents: Reality show casts wide net for “beach junkie realtors”

Calling all agents: Reality show casts wide net for “beach junkie realtors”

Apollo aims for $1B for third real estate fund

Apollo aims for $1B for third real estate fund

VEREIT pays $85M to settle accounting scandal class-action suits

VEREIT pays $85M to settle accounting scandal class-action suits

Columbia Property Trust hires advisor following takeover offer

Columbia Property Trust hires advisor following takeover offer

Forest City’s chief development officer leaves company

Forest City’s chief development officer leaves company

(From back: Max Pixel, Piotr Siedlecki)

Why Canadian retail REITs are “hitting the jackpot”

(Credit from left: Pixabay, Canobielakepark)

For second year, major Hong Kong REIT buys back shares

arrow_forward_ios