Real Estate Investment Trust Update
REIT Valuation Stats for Office and Industrial Sectors

  

Yahoo Daily #s
Office
Industrial
Retail
Mall
Health
Triple Net
Apartment
Hospitality

NAREIT Index
  

Factoids
MLP Stats
BDC Stats
Big Banks
Regional Banks

Prior REIT Updates
Nov Off/Indust
Nov Retail
Nov Hlth/3-Net
Nov Apt/Hosp

Oct Off/Indust
Oct Retail
Oct Hlth/3-Net
Oct Apt/Hosp

Sept Off/Indust
Sept Retail
Sept Hlth/3-Net
Sept Apt/Hosp

Aug Off/Indust
Aug Retail
Aug Hlth/3-Net
Aug Apt/Hosp

July Off/Indust
July Retail
July Hlth/3-Net
July Apt/Hosp

June Off/Indust
June Retail
June Hlth/3-Net
June Apt/Hosp

May Off/Indust
May Retail
May Hlth/3-Net
May Apt/Hosp

Apr Retail/HC
Apr Off/Ind/Apt

Mar 06
Mar Retail/HC
Mar Off/Ind/Apt

Feb 06
Feb Retail/HC
Feb Off/Ind/Apt

Jan 06
Jan Retail/HC
Jan Off/Ind/Apt

Dec 05
Dec Retail/HC
Dec Off/Ind/Apt

Nov 05
Nov Retail/HC
Nov Off/Ind/Apt

Oct 05
Oct Retail/HC
Oct Off/Ind/Apt

Sept 05
Sept Retail/HC
Sept Off/Ind/Apt

Aug 05
Aug Retail/HC
Aug Off/Ind/Apt

July 05
July Retail/HC
July Off/Ind/Apt

June 05
June Retail/HC
June Off/Ind/Apt

May 05
May Retail/HC
May Off/Ind/Apt

April 05
April Retail/HC
April Off/Ind/Apt

March 05
March Off/Ind/Apt
March Retail/HC

Feb 05
Feb Off/Ind/Apt
Feb Retail/HC

Jan 05
Jan Off/Ind/Apt
Jan Retail/HC

REIT Links
CPN
CSA
Globe St.
ICSC
Real Est. Journal
Reis
ReBuz
RSR
NaREIT
NREI
Property
ICSC
REIT Cafe
REIT Week
REIT Net
NAIOP
ShopCntrsToday
ShopCntrWrld
Ind & Office Realtors

Yahoo Sortable REOC List
Yahoo Stock Screen
Stock Charts
Office Update for 12-29-06

Industrial Update for 12-29-06


Monthly Rating Changes

    On 12-20 Banc of America Securities kept its overall "market weight" rating on REIT sector, citing more opportunities in earnings growth and less in "hidden value". The brokerage upgraded nine stocks and downgraded six within the sector, saying it expected REITs to move 5% to 10% higher in the first half of 2007 but pull back in the second half. In the Office Sector: Boston Properties changed to Buy from Neutral. Duke Realty changed to Sell from Neutral. Parkway Properties changed to Sell from Neutral. Mack-Cali Realty changed to Sell from Neutral. In the Industrial Sector: AMB Property changed to Neutral from Buy and ProLogis changed to Neutral from Buy.
    In the Retail Sector: CBL & Associates changed to Neutral from Sell, Simon Property Group changed to Buy from Neutral, Macerich changed to Buy from Neutral and New Plan Excel changed to Buy from Neutral. In the Health Care Sector: Ventas changed to Buy from Neutral, Health Care Property changed to Buy from Neutral, and Health Care REIT changed to Neutral from Sell. Also GMH Communities Trust changed to Sell from Neutral and Extra Space Storage was changed to Buy from Neutral.

    On 12-20 BB&T Capital Markets Upgraded LRY from Hold to Buy. On 12-14 Lehman Brothers Downgraded LRY from Equal-weight to Underweight. On 12-14 Merrill Lynch upgraded FPO to buy from neutral, citing valuation and the belief that the negative sentiment swirling around the stock will dissipate as additional leasing success is achieved.

    On 11-22 Citigroup Initiated coverage of KRC at Hold. On 11-20 RBC Upgraded FR from Underperform to Sector Perform. On 11-15 BB&T Capital Markets Upgraded EGP from Hold to Buy.

Dividend Announcements    
    On 12-21 PDL announced a new annualized dividend level for 2007 of $1.84 per common share, or $0.46 per quarter. This represents a 15% increase over 2006. The company has increased its dividend every year since becoming publicly traded in 1994.

    On 12-06 FR declared a dividend of $0.71 per share of common stock for the quarter ending December 31, 2006, payable on January 22, 2007 to stockholders of record on December 29, 2006. The new quarterly dividend rate of $0.71 per share ($2.84 annualized) is an increase from the previous dividend rate of $0.70 per share ($2.80 annualized).

NOTE: Although the tables above are checked and double-checked for accuracy, and may at times be 100% accurate - do NOT count on that. Please confirm through your own research any numbers on which you are to make a buy, sell or hold decision. Most sites giving this kind of data would say that it's information is for entertainment purposes only. I will not presume that you are that masochistic. And even accurately replicated and freshly retrieved FFO numbers are often stale.

Shopping Center/Mall Update    Health Care/Triple-Net Update    Apartment/Hospitality Update

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