Bolstered by its higher FFO per share, Douglas Emmett increased its dividend by 9.5% to $0.81 per common share in fiscal 2014, over $0.74 per share in 2013.
Douglas Emmett’s NOI remained flat over the past five years. In 2010, the company reported NOI of $393.4 million while in 2014 it was at $397.7 million.
Boston Properties’ EV-to-EBITDA ratio shows that it is in line with its historical valuation, with an EV-to-EBITDA ratio of around 19.9x as of November 27.
Boston Properties’ TTM price-to-FFO ratio is in line with its historical valuation, with a current price-to-FFO ratio of around 21.8x as of November 27.
Boston Properties’ FFO increased to $5.26 per share in 2014, compared to $4.91 per share in 2013. Bolstered by high FFO, it increased its dividend by 46.4%.
The strength of the services economy, in particular, is an important driver of office REITs. Strength increases demand and prices for office space. It lowers vacancy rates.
Private payrolls increased by 209,000 while manufacturing payrolls rose by 15,000. Private services payrolls increased by 181,000. Government employment increased by 5,000 jobs.
Office REITs are driven in part by economy’s strength The strength of the services economy, in particular, is an important driver of office real estate investment trusts (or REITs) such as Boston Properties, Inc. (BXP), Kilroy Realty Corporation (KRC), Vornado Realty Trust (VNO), SL Green Realty Corp. (SLG), and Highwoods Properties Inc. (HIW). Strength increases […]
In September, payrolls increased by 248,000, which came in well above Wall Street expectations of 215,000. The ADP survey predicted the number would come in at 213,000.
The Bureau of Labor Statistics (or BLS) compiles data from a random sample of private non-farm businesses. Job openings are one piece of the report. The other is hires versus separations.
The index showed that overall activity in the non-manufacturing sector increased for the 55th consecutive month, and the rate of growth is accelerating.
The index showed that overall activity in the non-manufacturing sector increased for the 53rd consecutive month, but the rate of growth is decelerating.
Markit is forecasting a June payroll number of 250,000. Wall Street is forecasting that the ADP report will come in at 208,000 and that the BLS payroll number will come in at 200,000 when they’re released next week.
We’re seeing signs of strength in the employment market. Friday’s payroll reading was a mixed bag—payrolls were strong, but the drop in unemployment was due to a decrease in the labor force participation rate.
The strength of the services economy is an important driver of the office REITs like Boston Properties (BXP), Kilroy (KRC), Vornado Realty Trust (VNO), S.L. Green (SLG), and Highwoods (HIW).
The index showed that overall activity in the non-manufacturing sector increased for the 50th consecutive month and the pace of growth is accelerating.
The strength of the services economy in particular is an important driver of the office REITs like Boston Properties (BXP), Kilroy (KRC), Vornado Realty Trust (VNO), S.L. Green (SLG), and Highwoods (HIW).
From 1972 to 2012, capacity utilization averaged 80.2% and bottomed at 66.9% in 2009 suggesting there’s a lot of room for production to expand before we start feeling inflationary pressures.
Industrial production and capacity utilization are numbers that get a lot of focus at the Fed. These figures not only help forecast economic activity, but they’re also important inputs into inflation.
