Washington Prime Group Inc
Company & Industry Overviews
For the week ending December 11, the iShares US Real Estate ETF, the iShares Mortgage Real Estate Capped, and the SPDR S&P 500 ETF ended on a negative note.
On November 3, General Growth Properties’ stock closed at $28.7. As of that date, the company had an average consensus price target of $32.93.
General Growth Properties’ same-store occupancy increased from 95.1% in 3Q14 to 95.4% in 3Q15. Its initial rental rates for signed leases increased by 9.7%.
General Growth Properties reported 3Q15 earnings on November 2. Its EPS increased by 85.7% in 3Q15 to $0.13—0.73% higher than the consensus estimate.
Though Macerich’s management is trying its best to create value, it is yet to be determined how far this will translate into higher stock movement.
CBL & Associates’ management scheduled a conference call to discuss its 3Q15 earnings. The company’s FFO per share was below analyst estimates.
Some of the top performers of the iShares US Real Estate ETF (IYR) are Sun Communities (SUI) and WP Glimcher (WPG).
Glimcher Realty Trust is one of the leading real estate investment trusts or REITs. It owns, manages, and develops a portfolio of retail properties.