Tag Archives: Alpha

Mid-America Apartment Communities Q4 2009 Earnings Call Transcript – Seeking Alpha (blog)

Mid-America Apartment Communities Q4 2009 Earnings Call TranscriptSeeking Alpha (blog)I was wondering if you can tell us a little bit about the Cap rate differential between costal markets and your markets? And also, what markets are you …Mid-America Apartment Communities … Continue reading

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AvalonBay Communities, Inc. Q4 2009 Earnings Call Transcript – Seeking Alpha (blog)

AvalonBay Communities, Inc. Q4 2009 Earnings Call TranscriptSeeking Alpha (blog)Both of these acquisitions occurred in the DC market and totaled about $100 million, just under $150000 per unit and a cap rate at the mid 6% range. … and more » … Continue reading

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Why There Is Still Value in Lexington Realty Shares – Seeking Alpha (blog)

Why There Is Still Value in Lexington Realty SharesSeeking Alpha (blog)Applying an 8.5% capitalization rate results in an overall property value of about $3.3 billion. The company had total cash of $80 million at the end of the … read … Continue reading

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Rental Vacancies: One More Pressure on Home Prices – Seeking Alpha (blog)

Rental Vacancies: One More Pressure on Home PricesSeeking Alpha (blog)Apartment vacancies rose to 8% in the fourth quarter, also a 30-year high. The Reiss data is collected in metropolitan areas. The Reuters headline is about … read more

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General Growth Properties Debate: Whitney Tilson Responds (Round 7) – Seeking Alpha (blog)

General Growth Properties Debate: Whitney Tilson Responds (Round 7)Seeking Alpha (blog)But the CRE chart doesn't include mall real estate and the cap rate chart, while showing cap rates for virtually every other type of commercial real estate, … read more

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General Growth Properties: Two Sides to the Story – Seeking Alpha (blog)

General Growth Properties: Two Sides to the StorySeeking Alpha (blog)DD assumes a 7.5% cap rate for Rouse and 8% for the rest of GGP. Again, I think this wholly overly pessimistic. Kimco Realty Corp. … and more » read more

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Why Eric Hovde Is Wrong About General Growth Properties – Seeking Alpha (blog)

Providence Business News Why Eric Hovde Is Wrong About General Growth PropertiesSeeking Alpha (blog)Sullivan attacks Hovde's use of an 8.5% cap rate, which he views as unrealistic given the current realities. Tilson also critiques the cap rate, …General Growth shares … Continue reading

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General Growth Properties: Rebutting the Bears – Seeking Alpha (blog)

Providence Business News General Growth Properties: Rebutting the BearsSeeking Alpha (blog)Enterprise value is computed by dividing NOI by the appropriate capitalization rate (think of this as an annual hurdle rate; the lower the cap rate, …Hovde's Short Case for General … Continue reading

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General Growth Properties: Rebutting the Bears – Seeking Alpha (blog)

Providence Business News General Growth Properties: Rebutting the BearsSeeking Alpha (blog)Enterprise value is computed by dividing NOI by the appropriate capitalization rate (think of this as an annual hurdle rate; the lower the cap rate, …General Growth shares overvalued — … Continue reading

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Hovde’s Short Case for General Growth Properties – Seeking Alpha (blog)

Hovde's Short Case for General Growth PropertiesSeeking Alpha (blog)Focusing next specifically on General Growth, Hovde believes that that a 7.5% capitalization rate is a far too optimistic assumption given that recent … and more » read more

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