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Top related persons:
Brent Smith - 1 Jonathan Litt - 1 Lauren Silva Laughlin - 1 Jeffrey Goldfarb - 1 Sharon Lam - 1
Top related locs:
Boston Dallas Piedmont Spain
Top related orgs:
YORK - 1 Realty Trust - 1 Refinitiv - 1 RCA - 1 Buildings Investment Management - 1 Twitter - 1 Thomson - 1

Search resuls for: "Buildings Investment Management"


5 mentions found


☆ Office landlord offers glimpse of what’s to come
  + stars: | 2023-07-24 | by ( ) www.reuters.com   time to read: +2 min
NEW YORK, July 24 (Reuters Breakingviews) - Piedmont Office Realty Trust (PDM.N) is sifting through the rubble. The $910 million owner of high-quality office buildings in Boston, Dallas and beyond just borrowed at 9.25%, more than twice the interest rate it’s replacing. It’s an ominous sign for U.S. office landlords facing $60 billion of debt maturing at the end of 2023 and 2024, per data miner RCA. Office prices have fallen so much that cap rates are approaching 10%, according to Jonathan Litt, founder of activist hedge fund Land and Buildings Investment Management. Pricier debt means less income, but if rents have stabilized and interest rates keep rising, Piedmont was wise to start reconstructing its balance sheet sooner rather than later.
Persons: Brent Smith, Jonathan Litt, Lauren Silva Laughlin, Jeffrey Goldfarb, Sharon Lam Organizations: YORK, Reuters, Realty Trust, Refinitiv, RCA, Buildings Investment Management, Twitter, Thomson Locations: Boston, Dallas, Piedmont, Spain
☆ Land & Buildings Has Roughly 3% Stake in Six Flags
  + stars: | 2022-12-21 | by ( Lauren Thomas | ) www.wsj.com   time to read: 1 min
An activist shareholder has accumulated a stake in Six Flags Entertainment Corp. and is pushing the theme-park operator to sell or spin off its real estate to help reverse a decline in the shares. Land & Buildings Investment Management LLC has a position of roughly 3% in Six Flags, according to a presentation the firm plans to make to other investors that was seen by The Wall Street Journal.
☆ Stocks making the biggest moves premarket: Rite Aid, Nike, FedEx and others
  + stars: | 2022-12-21 | by ( Peter Schacknow | ) www.cnbc.com   time to read: +2 min
Check out the companies making headlines before the bell:Rite Aid (RAD) – Rite Aid jumped 8.4% in the premarket after reporting a smaller-than-expected loss and revenue that beat Wall Street forecasts, helped by accelerated sales growth at its retail operations. Nike (NKE) – Nike surged 11.6% in the premarket after the athletic footwear and apparel maker reported better-than-expected quarterly results and raised its revenue forecast. FedEx (FDX) – FedEx rallied 4.5% in premarket trading following its quarterly results, which saw profit beat consensus but sales fell short of analyst estimates. BlackBerry (BB) – BlackBerry gained 1% in premarket trading after its quarterly revenue beat estimates on strong demand for the company's automotive and security software. BlackBerry also reported a smaller-than-expected quarterly loss.
☆ Stocks making the biggest moves midday: Rite Aid, Nike, Six Flags and more
  + stars: | 2022-12-21 | by ( Tanaya Macheel | ) www.cnbc.com   time to read: +2 min
Rite Aid — Shares of Rite Aid dropped nearly 14% in midday trading after the pharmacy operator reported a quarterly loss, though a smaller-than-expected one, and lowered its full-year financial guidance citing seasonal markdowns among other issues. Nike — Nike shares jumped more than 13% after the company easily topped earnings and revenue estimates for its most recent quarter. The company also beat earnings expectations, but profits fell from the same period last year. Revenue beat estimates but the performance of its cyber business fell short of StreetAccount estimates, coming in at $106 million versus estimates of $111.8 million. Carnival — Shares jumped more than 4% after Carnival posted a smaller-than-expected loss in its latest quarter, though revenue was worse than expected.
☆ Activist Urges Six Flags to Monetize Its Real Estate
  + stars: | 2022-12-20 | by ( Lauren Thomas | ) www.wsj.com   time to read: 1 min
Six Flags posted revenue in the three months ended in early October of $505 million, a 21% drop from the prior year. An activist shareholder has accumulated a stake in Six Flags Entertainment Corp. and is pushing the theme-park operator to sell or spin off its real estate to help reverse a decline in the shares. Land & Buildings Investment Management LLC has a position of roughly 3% in Six Flags, according to a presentation the firm plans to make to other investors that was seen by The Wall Street Journal.
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