As a result, vacancies are piling up and helped drive down earnings for many
REITs during the second quarter.
Fundamentals continued to improve for regional mall
REITs during the second quarter of 2010, leading analysts to conclude that the sector had largely shaken off the aftereffects of the recession...
As a result, vacancies adding up and helped drive down earnings for many
REITs during the second quarter.
Not exact matches
The deal, expected to close
during the
second quarter, will add 18 malls and 26 community centers to the Chicago - based
REIT's portfolio.
Meanwhile, Macerich, a Santa Monica, Calif. - based
REIT with a 77 - million - square - foot portfolio, posted FFO of $ 1.04 per share for the
second quarter, up 8.2 percent from the $ 0.96 reported
during the
quarter last year.
As seen in the chart below, quarterly volume peaked with $ 10.8 B in closed deals
during the
second quarter of 2011, with public equity, mainly
REITs, buying 91 % of that amount.
Amid that environment, HCP, one of the «big three»
REITs in seniors housing, acknowledges its transaction pace this year is below normal, «but we think that caution is justified under current conditions,» Tom Herzog, president and CEO of HCP, said
during the
REIT's
second -
quarter earnings call.
During Ventas»
second -
quarter earnings call, Debra Cafaro, chairwoman and CEO, said the
REIT is setting up a joint venture with an institutional partner (described only as a «leading» source of global capital) for a seniors housing portfolio with more than 70 properties.