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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Perspective who wrote (110135)3/14/2008 6:00:42 PM
From: patron_anejo_por_favorRead Replies (3) | Respond to of 306849
 
I know a little about 'em. One difference is the types of properties they hold. From what I understand, GGP is big malls, KIM is 'power centers' or strip malls. Debt is helpful, obviously debt isn't a plus if yer headed down the dark side of the roller coaster. Deteriorating cash flow is probably crucial because the Reit structure demands payout...and if payout's drop, not much supporting prices.

That said, the two I mentioned are veteran operators, so perhaps unlikely to go BK. But they'll certainly feel the pain....



To: Perspective who wrote (110135)3/15/2008 7:41:33 AM
From: Smiling BobRespond to of 306849
 
PEI - Has been heading down steadily. I'd only advocate selling them based on their poor timing in expansion. Probably better targets. Has already been hit hard, but mid teens is doable
finance.yahoo.com
At least two malls I know of are undergoing MAJOR renovations and expansion.
They're projecting a 2008 loss after depreciation and amortization with about 90% occupancy. How bad will things get when they're sitting on another 20-30% vacancies?
snl.com


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