Financial Results and Corporate Announcements for REIT Companies - Research Report on American Capital Agency, Post Properties, Plum Creek, New Residential, and Equity LifeStyle Properties

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Aug 01, 2013, 08:00 ET

NEW YORK, August 1, 2013 /PRNewswire/ --

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Today, Investors' Reports announced new research reports highlighting American Capital Agency Corp. (NASDAQ: AGNC), Post Properties Inc. (NYSE: PPS), Plum Creek Timber Co. Inc. (NYSE: PCL), New Residential Investment Corp. (NYSE: NRZ), and Equity LifeStyle Properties, Inc. (NYSE: ELS). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

American Capital Agency Corp. Research Report

On July 29, 2013, American Capital Agency Corp. (AGNC) released its Q2 2013 financial results. The Company reported a comprehensive loss of $939 million or $2.37 per common share in Q2 2013, as compared to comprehensive loss of $560 million or $1.57 per common share in Q2 2012. Net Book value per common share stood at $25.5 as compared to $29.4 in Q2 2012. Gary Kain, AGNC President and Chief Investment Officer, stated, "The second quarter was characterized by extreme volatility in both interest rates and mortgage spreads. We reduced the size of our asset portfolio, adjusted our asset composition to be more consistent with a higher rate environment, and materially increased the duration of our hedges. As a result of these actions and evolving market conditions, our exposure to higher rates is lower than it has been in years and our 'pay-up' risk is now minimal." The Full Research Report on American Capital Agency Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-07-29/AGNC]

Post Properties Inc. Research Report

On July 29, 2013, Post Properties Inc. (Post Properties) reported its Q2 2013 financial results. Total revenue increased 10.1% YoY to $90.5 million. Net income available to common shareholders was $26.6 million or $0.48 per diluted share in Q2 2013, compared to $20.2 million or $0.37 per diluted share in Q2 2012. Funds from operations (FFO) stood at $47.9 million or $0.87 per diluted share, compared to $39.7 million or $0.73 per diluted share in Q2 2012. Post Properties 2013 same store outlook includes revenue growth estimates of 4.25% - 4.72%, net operating income estimates of 4.0% - 5.0%, and operating expenses estimates of 4.25% - 4.75%. The Company also expects 2013 FFO to range between $2.93 and $3.03 per diluted share. The Full Research Report on Post Properties Inc.- including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-07-29/PPS]

Plum Creek Timber Co. Inc. Research Report

On July 29, 2013, Plum Creek Timber Co. Inc. (Plum Creek) reported its Q2 2013 financial results. Total revenue increased 1.9% YoY to $643 million. Net income was $102 million or $0.62 per diluted share in Q2 2013, compared to net income of $65 million or $0.40 per diluted share in Q2 2012. Rick Holley, CFO, said, "Each of our business segments performed well during the second quarter. We are experiencing fundamental demand improvement and better pricing; although, we remain in the very early stages of the housing recovery. As the industry adjusts to this change in the demand environment, regional markets we serve are recovering at different rates. This is when our unmatched, geographic diversity gives us tremendous operating flexibility. It allows us to act and capitalize on strong local markets, growing earnings and cash flow while maximizing the long-term value of our asset base." The Full Research Report on Plum Creek Timber Co. Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-07-29/PCL]

New Residential Investment Corp. Research Report

On July 19, 2013, New Residential Investment Corp. (New Residential) announced that on July 18, 2013, it completed an additional closing of excess mortgage servicing rights (MSR), which the Company agreed to acquire as part of the previously announced transaction between Nationstar Mortgage LLC (Nationstar) and Bank of America. According to the Company, the closing relates to the loans that are owned, insured or guaranteed by Ginnie Mae with an unpaid principal balance of about $34 billion. The Company stated that it invested approximately $65 million, net of a basic fee paid to Nationstar, to purchase the right to receive one-third of the monthly cash flow generated by the MSRs. The Full Research Report on New Residential Investment Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-07-29/NRZ]

Equity LifeStyle Properties, Inc. Research Report

On July 22, 2013, Equity LifeStyle Properties, Inc. (ELS) reported its Q2 2013 financial results. Total revenue increased 5.0% YoY to $176.8 million. Net income available for common stockholders was $17.9 million or $0.21 per diluted share in Q2 2013, compared to a net income of $2.1 million or $0.02 per diluted share in Q2 2012. The Company's property operating revenues for Q2 2013 increased to $169.5 million from $163.8 million in Q2 2012. Normalized Funds from Operations increased to $52.3 million, or $0.57 per diluted share, compared to $47.8 million, or $0.53 per diluted share, in Q2 2012. Funds from Operations stood at $50.8 million, or $0.56 per diluted share, compared to $47.8 million, or $0.53 per common share, in Q2 2012. The Full Research Report on Equity LifeStyle Properties, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-07-29/ELS]

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