Hotel Openings, Conference Call and Earnings Release Schedules, and Operational Updates - Analyst Notes on Hersha, Tanger, Home Properties, Fifth Street and Acadia Editor Note: For more information about this release, please scroll to bottom
NEW YORK, June 30, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Hersha Hospitality Trust (NYSE: HT), Tanger Factory Outlet Centers Inc. (NYSE: SKT), Home Properties Inc. (NYSE: HME), Fifth Street Finance Corp. (NASDAQ: FSC) and Acadia Realty Trust (NYSE: AKR). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/4256-100free.
Hersha Hospitality Trust Analyst Notes
On June 23, 2014, Hersha Hospitality Trust (Hersha) announced the opening of the Hampton Inn Downtown Financial District near Battery Park. With 81 rooms, the hotel marks the Company's fifth Hampton Inn in Manhattan and the fourteenth hotel in its Manhattan portfolio. Hersha's comparable Manhattan portfolio generated 11.0% RevPAR growth for the trailing 28-day period, reflecting the city's robust demand dynamics and ability to absorb new supply. Hersha CEO Jay H. Shah commented, "We are pleased to announce the opening of our newest hotel in this fast growing and vibrant submarket. The hotel complements our Manhattan portfolio, and is our fourth in the Financial District, leveraging the submarket's growing popularity among corporate and leisure travelers. The addition of over 10 million square feet of brand new, world-class office space, the recently-opened September 11 Memorial & Museum, and the new World Trade Center Transportation Hub will drive significant transient room night demand moving forward." The full analyst notes on Hersha are available to download free of charge at:
Tanger Factory Outlet Centers Inc. Analyst Notes
On June 25, 2014, Tanger Factory Outlet Centers Inc. (Tanger) announced that it will release its Q2 2014 financial results on August 5, 2014 after the market close, following which the Company will hold a conference call to discuss the results on August 6, 2014 at 10:00 a.m. ET. The conference call will be webcast live via the Investors Relation section of the Company's website. The full analyst notes on Tanger are available to download free of charge at:
Home Properties Inc. Analyst Notes
On June 3, 2014, Home Properties Inc. (Home Properties) announced that its Contact Center has answered 4 million calls since it began operations in November 2001. The Contact Center, which employs a team of 21 Home Properties employees, serves the Company's 119 apartment communities containing over 40,000 apartment units - seven days a week, 365 days a year. In addition to answering phone calls, the Company's employees also responds to emails requesting leasing information, handles requests for 24-hour Emergency Maintenance Service, and supports the live "Web Chat" function through the Company website. Home Properties Senior Vice President for Property Management Operations Bernie Quinn commented, "Our Contact Center is vital to Home Properties' success, as we are driven by the goal of providing exemplary customer service at all times. The Contact Center provides our residents with an invaluable service - the ability to reach out to a helpful team member at any time and for any reason." The full analyst notes on Home Properties are available to download free of charge at:
Fifth Street Finance Corp. Analyst Notes
On June 19, 2014, Fifth Street Finance Corp. (FSC) released its June 2014 Newsletter entitled "Using the Platform to Drive Transactions" highlighting some of the Company's recent developments, which include operating its business with strong average leverage during the March quarter, and ending the same quarter with a debt-to-equity ratio slightly over 0.8x. The Company also stated that it continues to benefit from the power of the Fifth Street platform, one of only a handful of leading middle market sponsor finance origination platforms. FSC added that in February 2014 it issued $250 million of 5-year unsecured institutional term notes with a coupon of 4.875%, and said that it is pleased with the performance of its inaugural institutional bond issuance. The Company also reported that its Board plans to declare additional monthly dividends at its upcoming Board meeting in July 2014. The full analyst notes on Fifth Street are available to download free of charge at:
Acadia Realty Trust Analyst Notes
On June 24, 2014, Acadia Realty Trust (Acadia) announced it will release its Q2 2014 earnings on July 29, 2014 after market close. Acadia added that it will hold a conference call on July 30, 2014, at 12:00 p.m. ET, to discuss the quarterly results. The call will also be webcast live via the Company's website. The full analyst notes on Acadia are available to download free of charge at:
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