Financial Standings, Draft Registration Statements, Unsecured Credit Facilities, and Retail Portfolios - Analyst Notes on Simon, NorthStar Realty Finance, Boston Properties, SL Green, and Kimco

NEW YORK, April 4, 2014 /PRNewswire/ --

Today, Analysts Review released its analysts' notes regarding Simon Property Group Inc. (NYSE: SPG), NorthStar Realty Finance Corp. (NYSE: NRF), Boston Properties Inc. (NYSE: BXP), SL Green Realty Corp. (NYSE: SLG), and Kimco Realty Corporation (NYSE: KIM). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register

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Simon Property Group Inc. Analyst Notes 

On April 1, 2014, Simon Property Group Inc.'s (Simon) stock increased 0.56%, ending the day at $164.92. Over the previous five trading sessions, shares of Simon increased 2.25%, compared to the Dow Jones Industrial Average which increased 1.40% during the same period. The full analyst notes on Simon Property Group Inc. are available to download free of charge at:

http://www.AnalystsReview.com/04042014/SPG/report.pdf

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NorthStar Realty Finance Corp. Analyst Notes 

On March 31, 2014, NorthStar Realty Finance Corp. (NorthStar Realty Finance) reported that it submitted a draft registration statement on Form S-11 to the United States Securities and Exchange Commission (SEC) regarding its proposed $2.0 billion initial public offering of common stock. The Company, soon to be structured as a public, non-traded corporation, aims to qualify as a real estate investment trust and is co-sponsored by NorthStar Asset Management Group Inc., a newly formed Delaware corporation organized as the successor to NorthStar Realty Finance's asset management business, and by RXR Realty LLC. The Company aims to utilize the net proceeds from its initial public offering to make commercial real estate investments in the New York City metropolitan area. Subject to market and other conditions, the initial public offering is slated to begin after the SEC finalizes its review process. The full analyst notes on NorthStar Realty Finance Corp. are available to download free of charge at:

http://www.AnalystsReview.com/04042014/NRF/report.pdf

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Boston Properties Inc. Analyst Notes 

On April 1, 2014, Boston Properties Inc.'s (Boston Properties) stock increased 1.03%, ending the day at $115.71. For the past month, shares of Boston Properties increased 2.92%, compared to the Dow Jones Industrial Average which increased 1.29% during the same period. The full analyst notes on Boston Properties Inc. are available to download free of charge at:

http://www.AnalystsReview.com/04042014/BXP/report.pdf

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SL Green Realty Corp. Analyst Notes 

On March 24, 2014, SL Green Realty Corp. (SL Green) declared that it has amended and expanded the term loan portion of its unsecured corporate credit facility by $383 million to $783 million. The maturity date of the term loan was extended until June 2019 and the cost of the term loan was reduced to 140 basis points over LIBOR. Matt DiLiberto, Chief Accounting Officer and Treasurer for SL Green, said, "With the reduced cost of funds and additional term, this market leading execution furthers the Company's investment grade balance sheet strategy and clearly demonstrates our lenders' confidence in our business platform, as well as the outlook for the New York commercial real estate market overall. We believe that our credit facility provides us extraordinary financial flexibility and a competitive advantage as we pursue future opportunities in the marketplace while continuing to focus on the management of our financial resources." Wells Fargo Securities, LLC; J.P. Morgan Securities LLC; U.S. Bank National Association; and Deutsche Bank Securities Inc. served as Joint Lead Arrangers, with Wells Fargo Bank, National Association serving as the Administrative Agent, JPMorgan Chase Bank, N.A. acting as the Syndication Agent and U.S. Bank National Association and Deutsche Bank AG New York Branch acting as Co-Documentation Agents. The full analyst notes on SL Green Realty Corp. are available to download free of charge at:

http://www.AnalystsReview.com/04042014/SLG/report.pdf

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Kimco Realty Corporation Analyst Notes 

On March 31, 2014, Kimco Realty Corporation (Kimco) reported that it successfully closed on the sale of a nine-property retail portfolio in Mexico to a joint venture between Macquarie Mexican REIT (MMREIT) and Grupo Frisa for a gross sales price of 2.9 billion Mexican pesos (US $222.0 million) along with debt of 475.9 million Mexican pesos (US $36.3 million). Kimco's pro-rata share of the sales price was approximately 2.0 billion Mexican pesos (US $153 million). The portfolio, which consisted of 2.1 million square feet, was an estimated 90% occupied at the time of sale and, if certain occupancy and rental growth thresholds are met 18 months after closing, Kimco can earn an additional payment. The Company predicts to recognize a $20.0 million gain on sale, before any impact from currency, which will not be included from the calculation of funds from operations. This transaction embodies a significant part of the Company's simplification strategy that consists of exiting Latin America and focusing on its portfolio in the U.S. and Canada. After the sale of these nine properties, Kimco's remaining Latin America shopping center portfolio comprises 36 properties amounting to 5.9 million square feet. Kimco is currently negotiating contracts for the sale of these remaining properties. The full analyst notes on Kimco Realty Corporation are available to download free of charge at:

http://www.AnalystsReview.com/04042014/KIM/report.pdf

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