Commercial Real Estate tic.............tic,,, Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Commercial Real Estate tic.............tic,,,

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Smiling Bob	6/12/2009 1:30:29 PM
	of 442

IPO Enthusiasm Helps REITs Buck the Market * the tickerspy.com Staff * On Friday June 12, 2009, 11:24 am EDT On a down day, the REIT sector has showed strength. Real estate investment trusts are up today as the rest of the market gives back some more of the week's gains. Recent IPOs in the sector are attracting attention, and today there is news of an another new REIT in the works. Today the stocks are showing modest gains across the board. The Office REITs Index is flat today. It currently lags the S&P 500 by -7.7% over the last month. A new office REIT recently became the first IPO of the month. Government Properties Income Trust (NYSE: GOV - News) debuted on the public exchanges June 2, and has since fallen from its $20 offering price to around $18.60. The stock is off by -1% today. SL Green Realty (NYSE: SLG - News) and Liberty Property Trust (NYSE: LRY - News) are leading the office REIT index with gains of over 2%. Parkway Properties (NYSE: PKY - News) is falling by -6% after being downgraded to Underperform by William Blair. In another IPO in the REIT space, Cypress Sharpridge Investments (NYSE: CYS - News) raised approximately $100.1 million in an initial public offering on Friday. The Residential REITs Index residential sector is also getting attention from news surrounding Two Harbors Investment merging with Capitol Acquisition (AMEX: CLA - News) to form an REIT. The new REIT will be headed by mortgage veterans from Citigroup and Goldman Sachs. Currently the Residential REIT Index is up by 0.7%. BRE Properties (NYSE: BRE - News) and Equity Residential (NYSE: EQR - News) are leading the way with gains of around 1%. The Industrial REITs Index is up by 0.9% today. It now trails the S&P 500 by just -0.2% over the last month. Today the Index is being helped by ProLogis (NYSE: PLD - News), which is up by 3%. It is followed by EastGroup Properties (NYSE: EGP - News) and DCT Industrial Trust (NYSE: DCT - News). Both stocks are up by more than 1%. First Industrial Realty Trust (NYSE: FR - News) is one of the Index's two losers today, trading lower fractionally. The above Indexes represent some of the biggest daily movers within the tickerspy REIT Super Index. Investors can follow these and other Indexes and view related performance charts and metrics at tickerspy.com. Fun and informative, tickerspy.com is a free investing website where you can track multiple stock portfolios and compare against 250 proprietary Indexes tracking themes from nanotech to agriculture to precious metals. Best of all, tickerspy.com lets you spy on the portfolios of nearly 3,000 Wall Street institutions and hedge funds and see graphs of their performance. Try tickerspy.com today and find out how you stack up against investing legends like Warren Buffett! Copyright © 2008 Indie Research. All rights reserved.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next