Shares of 5 prominent public real estate companies tied to Florida rise in 2014 — mostly

Only one company's stock price dropped

TRD MIAMI /
Dec.December 31, 2014 03:45 PM

As the stock markets surged in 2014, so did the shares of many real estate related companies based in  or linked to Florida.

The S&P 500 rose during the year from 1845.86 to 2,080.35, up 12.7 percent.

Here is a glimpse at five publicly traded real estate stocks and how they performed during 2014, through Dec. 30. The companies are either based in Florida or have major operations in the state. Only one of the companies’ shares sank during the year.

CBRE Group (CBG): The Los Angeles-based group operates as a commercial real estate services and investment company worldwide. Its shares opened this year at $26.27 and closed on Dec. 30 at $34.93, up 33 percent.

Equity One (EQY): The North Miami Beach-based real estate investment trust acquires, renovates, develops and manages neighborhood and community shopping centers. Its shares started the year at $22.31 and closed at $25.76 on Dec. 30, or 15.5 percent.

General Growth Properties (GGP): The Chicago-based firm owns, manages, leases and redevelops high-quality regional malls. The company owns various properties in South Florida, including Bayside Marketplace and the Village of Merrick Park, and this year became a minority investor in Miami’s Design District. Its shares opened in 2014 at $20.08 and closed on Dec. 30 at $28.52, jumping 42 percent.

Lennar Corp. (LEN): The Miami-based homebuilder’s shares opened the year at $39.16 and closed at $44.44 on Dec. 30, up 13.5 percent.

St. Joe Co. (JOE): The WaterSound, Florida- based real estate development company’s shares opened at $19.19 this year and closed at $18.67 on Dec. 30, down 2.7 percent.


Related Articles

arrow_forward_ios
Stuart Miller of Lennar & a map of Arden community

Lennar pays $14M for land at Arden

Lennar pays $14M for land at Arden
Stuart Miller & Mike Nunziata, with a rendering of Avalon Trials (Credit: Lennar Homes)

Lennar spends $28M for lots on former golf course in Delray Beach

Lennar spends $28M for lots on former golf course in Delray Beach
From left: Miguel Solis, Mario Chirino, and Madelayne Garcia

Longtime Berkshire Hathaway team joins Elliman, CBRE taps new South Florida exec & more

Longtime Berkshire Hathaway team joins Elliman, CBRE taps new South Florida exec & more
Stuart Miller, Ken Griffin and 11 and 12 Star Island Drive (Credit: Google Maps)

Billionaire hedge funder Ken Griffin pays $37M for Star Island property

Billionaire hedge funder Ken Griffin pays $37M for Star Island property
Lennar's Stuart Miller

Homestead homeowners association sues Lennar, alleges shoddy construction

Homestead homeowners association sues Lennar, alleges shoddy construction
Michael S. Sheitelman and Josh Bank

Movers & Shakers: HTG hires Crescent Heights’ former general counsel & more

Movers & Shakers: HTG hires Crescent Heights’ former general counsel & more
Arden Karson

Arden Karson launches real estate firm during Covid

Arden Karson launches real estate firm during Covid
Ivan Chorney and Michael Martirena

Movers & Shakers: Top One Sotheby’s team joins Compass, shakeup at CBRE & more

Movers & Shakers: Top One Sotheby’s team joins Compass, shakeup at CBRE & more
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...