Mergers and Acquisitions, Financial Results and Conference Calls Schedules, and Favorable Leasing Agreements - Research Report on MAA, Simon Property Group, American Tower, HCP, and Ventas

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Oct 04, 2013, 08:00 ET

NEW YORK, October 4, 2013 /PRNewswire/ --

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Today, Analysts' Corner announced new research reports highlighting Mid-America Apartment Communities Inc. (NYSE: MAA), Simon Property Group Inc. (NYSE: SPG), American Tower Corp. (NYSE: AMT), HCP, Inc. (NYSE: HCP), and Ventas, Inc. (NYSE: VTR). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Mid-America Apartment Communities Inc. Research Report

On October 1, 2013, Mid-America Apartment Communities Inc. (MAA) and Colonial Properties Trust announced the completion of the merger of the two Companies. According to MAA, the new combined company, which will retain the MAA name and trade under the ticker symbol MAA on the New York Stock Exchange (NYSE), has an equity market capitalization of approximately $4.9 billion and a total market capitalization of approximately $8.3 billion. MAA stated that as a result of the merger, each former Colonial Properties Trust common share has been converted into 0.36 of a newly issued MAA common share. According to MAA, former Colonial Properties Trust shareholders hold approximately 44% of the combined company's equity, while continuing MAA shareholders hold the remaining 56% of the combined company. Further, MAA expects the combined company to have annual gross General and Administrative (G&A) savings of approximately $25 million. The Full Research Report on Mid-America Apartment Communities 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/bc47_MAA]

Simon Property Group Inc. Research Report

On September 26, 2013, Simon Property Group Inc. (Simon Property Group) announced that the Company's financial and operational results for Q3 2013 will be released on October 25, 2013, before the market opens. The Company will host a quarterly earnings conference call and an audio webcast on October 25, 2013 at 9:00 a.m. Eastern Time (ET). On July 29, 2013, the Company had raised its full-year 2013 guidance, estimating Funds From Operations (FFO) to be within the range of $8.60 to $8.70 per diluted share, and net income to be in the range of $3.98 to $4.08 per diluted share. The Company stated that this represents an increase of $0.10 per diluted share for both the low and high end of the ranges it provided on April 26, 2013. 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]

American Tower Corp. Research Report

On October 1, 2013, American Tower Corp. (American Tower) announced that the Company has completed its previously announced acquisition of 100% of the outstanding common membership interests of MIP Towers Holdings LLC, a private real estate investment trust, which is the parent company of Global Tower Partners (GTP), an owner and operator of communications real estate, and related companies. American Tower assumed approximately $1.5 billion of existing GTP debt and paid approximately $3.3 billion in cash, as consideration for the acquisition. The Company stated that it used approximately $2.8 billion of borrowings under its existing revolving credit facilities and approximately $0.5 billion of cash on hand to satisfy the cash portion of the purchase price. After closing the deal, American Tower had total liquidity of $1.9 billion, which included cash on hand and remaining capacity under its existing revolving credit facilities. The Full Research Report on American Tower 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/a933_AMT]

HCP, Inc. Research Report

On October 1, 2013, HCP, Inc. (HCP) announced that the Company will report its Q3 2013 financial results on October 29, 2013, before the open of trading on the New York Stock Exchange (NYSE). The Company will host a conference call and webcast at 9:00 a.m. Pacific Time (12:00 p.m. ET) on the same day to review its financial performance and operating results. On July 30, 2013, the Company had raised its guidance for full-year 2013 and stated that it expects Funds from Operations (FFO) applicable to common shares to range between $2.96 and $3.02, and EPS to range between $1.98 and $2.04 per share. The Full Research Report on HCP, 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/6c26_HCP]

Ventas, Inc. Research Report

On October 1, 2013, Ventas, Inc. (Ventas) announced that it has entered into favorable agreements with its tenant Kindred Healthcare Inc. (Kindred Healthcare) to extend the leases on 48 of the 108 licensed healthcare assets whose lease term was scheduled to expire on April 30, 2015 (the "2015 Renewal Assets"). Ventas said that the annual rent on the 48 assets will increase by $15 million effective October 1, 2014. Further, Kindred Healthcare has agreed to pay $20 million in connection with the execution of these agreements to Ventas. Ventas informed that it is immediately launching its re-leasing program for the remaining 60 Skilled Nursing Facilities (SNFs) in the 2015 Renewal Assets (the "Re-leasing Assets"). The Company added that its current annualized net operating income is approximately $1.6 billion; and as the new lease arrangements will take effect in Q4 2014, it expects these transactions to result in a net $3 million to ($9 million), or $0.01 to ($0.03) per share, impact on the Company's normalized Funds From Operations (FFO) only in 2015. The Full Research Report on Ventas, 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/3b95_VTR]

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