Announcements, Appointments and Financial Results Reported by Financial Companies in the Retail REIT Industry - Research Report on Simon Property Group, Kimco, CBL, Realty Income, and DDR
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Sep 11, 2013, 08:00 ET
NEW YORK, September 11, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Simon Property Group Inc. (NYSE: SPG), Kimco Realty Corporation (NYSE: KIM), CBL & Associates Properties Inc. (NYSE: CBL), Realty Income Corporation (NYSE: O), and DDR Corp. (NYSE: DDR). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Simon Property Group Inc. Research Report
On September 5, 2013, Simon Property Group Inc. (Simon Property Group) announced that Saks Fifth Avenue intends to open a brand new, state-of-the-art flagship store located immediately beside its existing store at the world-famous Houston Galleria. According to the Company, the new two-story Saks Fifth Avenue store location will have approximately 198,000 square feet of luxury shopping and will feature the best that Saks Fifth Avenue has to offer. Simon Property Group also stated that the new store is scheduled to open in the fall of 2015. Commenting on the release, David J. Contis, President, Simon Malls, stated, "The Houston Galleria is among the nation's most productive shopping destinations with an impressive, industry-leading diverse tenant mix. The commitment of Saks to build a new state-of-the-art store, coupled with the expansion of the mall will continue to enhance The Galleria's appeal to Houstonians and tourists from around the globe." The Full Research Report on Simon Property Group Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/cc10_SPG]
Kimco Realty Corporation Research Report
On September 4, 2013, Kimco Realty Corporation (Kimco) and NRG eVgo together announced the opening of the Bay Area's first Freedom Station at Westlake Shopping Center in Daly City, California. According to Kimco, the eVgo Freedom station at Westlake offers electric vehicle (EV) owners both rapid and traditional EV charging. Commenting on the release, David Jamieson, Kimco's Vice President of Leasing and Asset Management, said, "We're thrilled to have our first NRG eVgo Freedom Station up and running at Westlake. Californians drive more than one third of the electric vehicles in the country, so building a network of quick-charge stations at Kimco centers, which are easily accessible by commuters, is a valued amenity to our customers and retailers." The Full Research Report on Kimco Realty Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/5bf9_KIM]
CBL & Associates Properties Inc. Research Report
On September 3, 2013, CBL & Associates Properties Inc. (CBL & Associates) announced that it has closed on the sale of three malls and three related associated centers in a portfolio transaction for a gross sales price of $176 million in cash. According to CBL & Associates, the properties included in the portfolio were: Georgia Square Mall and Georgia Square Plaza in Athens, GA; Panama City Mall and The Shoppes at Panama City in Panama City, FL; and Rivergate Mall and Village at Rivergate in Nashville, TN. Stephen Lebovitz, President and CEO of CBL & Associates said, "We are pleased to complete the disposition of these assets, generating substantial equity and demonstrating our continued ability to effectively execute our capital plan. When combined with the $209 million in ATM proceeds generated through mid-year as well as $44 million from the sale of office buildings completed earlier this year, we have raised more than $425 million in equity year-to-date." The Full Research Report on CBL & Associates Properties Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/8bd5_CBL]
Realty Income Corporation Research Report
On September 3, 2013, Realty Income Corporation (Realty Income), The Monthly Dividend Company, announced that its Board of Directors has appointed John P. Case as the CEO of the Company. He will succeed Tom A. Lewis, who decided to retire as the Company's CEO. Commenting on the new appointment, Michael D. McKee, Independent Chairman of the Board of Directors of Realty Income, stated, "Tom Lewis has led our company as CEO for 16 years with distinction, integrity and creativity. He has now led us through a textbook succession process and we expect a smooth transition. We are enormously grateful for Tom's leadership during such a long period of sustained growth. We now look forward with great anticipation to working closely with John to continue the execution of our business plan and extend the legacy of success at The Monthly Dividend Company." The Full Research Report on Realty Income Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/7f65_O]
DDR Corp. Research Report
On September 4, 2013, DDR Corp. (DDR) announced that it will issue its Q3 2013 financial results, after the market closes on November 4, 2013. According to DDR, the Company will conduct a conference call and audio webcast on the following day, November 5, 2013, at 10:00 a.m. ET. Additionally, DDR stated that the conference call will be recorded and the replay will be available beginning 12:00 p.m. on November 5, 2013, through November 12, 2013, on the Company's website. The Full Research Report on DDR Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/3f59_DDR]
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