New Appointments, Credit Facilities, Senior Notes, Acquisitions, and Financial Results - Research Report on American Tower, Vornado, Host Hotels & Resorts, Starwood Property Trust, and RLJ Lodging

NEW YORK, July 9, 2013 /PRNewswire/ --

Today, Wall Street Reports announced new research reports highlighting American Tower Corporation (NYSE: AMT), Vornado Realty Trust (NYSE: VNO), Host Hotels & Resorts Inc. (NYSE: HST), Starwood Property Trust, Inc. (NYSE: STWD), and RLJ Lodging Trust (NYSE: RLJ). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

American Tower Corporation Research Report

On July 1, 2013, American Tower Corporation (American Tower) announced that it has entered into a new unsecured revolving credit facility. The new credit facility includes a $1 billion sublimit for multicurrency borrowings, a $200 million sublimit for letters of credit, and a $50 million sublimit for swing line loans. With a term of five years, the new credit facility will mature on June 28, 2018. Consequent to this refinancing along with the Company's recent upgrade from Fitch, the current interest rate declined from 1.9% to 1.2%. Additionally, the Company informed that the new facility allows it to borrow up to an aggregate additional $500 million from lenders, upon satisfaction of certain conditions. The Company plans to use borrowings for working capital needs, finance acquisitions, and other general corporate purposes. The Full Research Report on American Tower Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/a733_AMT]

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Vornado Realty Trust Research Report

On June 27, 2013, Vornado Realty Trust (Vornado) announced Q1 2013 financial results with regard to the 32.6% share of Toys "R" Us, which is held by the Company. These Q1 2013 financial results will be recorded in the Company's Q2 2013 results (period ended June 30, 2013). The Company reported that its net loss will increase by 92% YoY to $36.9 million or $0.19 per diluted share, compared to a net loss of $19.2 million or $0.10 per diluted share in Q2 2012. The Company's share of negative Funds From Operations (FFO) after income taxes will be $25.1 million or $0.13 per diluted share, compared to $7.7 million or $0.04 per diluted share in Q2 2012. According to the Company, the business of toys is highly seasonal, and Toys "R" Us' Q4 2012 net income accounted for more than 80% of its FY net income. The Full Research Report on Vornado Realty Trust - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/9608_VNO]

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Host Hotels & Resorts Inc. Research Report

On July 2, 2013, Host Hotels & Resorts Inc. (Host Hotels & Resorts) announced the election of Ms. Mary L. Baglivo to the Company's Board of Directors, a decision that was made on July 1, 2013, which increases the Board's size from nine to ten. According to W. Edward Walter, President and Chief Executive Officer of the Company, "We are very pleased to have Ms. Baglivo join our board. She brings significant expertise and leadership in consumer research, marketing and sales trends, as well as strategic planning to our board." Ms. Baglivo is currently a partner with Brand Value Advisors, while she had also served as Chair and Chief Executive Officer of the Americas at Saatchi & Saatchi Worldwide. She currently serves on the Board of Directors of PVH Corp and is also a member of its compensation committee. The Full Research Report on Host Hotels & Resorts Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/29a9_HST]

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Starwood Property Trust, Inc. Research Report

On June 27, 2013, Starwood Property Trust, Inc. (Starwood Property Trust) announced that it is offering $400 million of aggregate principal amount of its Convertible Senior Notes due 2019 in an underwritten public offering. The notes will be convertible only upon certain circumstances and during certain periods prior to July 15, 2018, and thereafter, the notes will be convertible at any time prior to the close of business on the second scheduled trading day prior to maturity. Subsequent to conversion, the shareholders will receive cash, shares of the Company's common stock or a combination, depending upon the Company's election. The Company informed that the underwriters will have a 30-day option from the date of offering to purchase up to an additional $60 million aggregate principal amount of notes to cover any over-allotments. The Company intends to use net proceeds to originate and purchase additional commercial mortgage loans, other assets and investments, and for general corporate purposes. The Full Research Starwood Property Trust, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/3085_STWD]

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RLJ Lodging Trust Research Report

On June 24, 2013, RLJ Lodging Trust (RDJ Lodging Trust) announced its acquisition of the 150-room Vantaggio Suites Cosmo in San Francisco, CA. The hotel was purchased for $29.5 million or approximately $197,000 per key in an off-market transaction. Subsequent to the acquisition, the Company plans to close this unoccupied hotel for an extensive $13 million multi-phase conversion. Thomas J. Baltimore, Jr., President and Chief Executive Officer, said, "The acquisition of this Hotel at such an attractive price exemplifies our investment strategy of sourcing off-market premium focused-service hotels in high-density, urban markets. We expect that our proven track record with complex brand conversions will yield strong returns for our shareholders." The Full Research Report on RLJ Lodging Trust - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/c763_RLJ]

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SOURCE Wall Street Reports