Forward AFFO Payout Ratios
Ventas Sells 12 Seniors Communities to Assisted Living Concepts for $100M
The transaction resolves recent litigation between the two companies and also severs the ties between them.
Marriott’s $210M Gaylord Purchase Brings Structural Changes
Gaylord Entertainment of Nashville has agreed to sell its Gaylord Hotels brand and the management rights to its four hotels to Marriott International for $210 million in cash. The deal hinges on Gaylord’s transition to a REIT structure, which will be decided at a shareholder meeting in August.
Healthcare’s Healthy Prognosis
U.S. equity REITs are currently required to pay out 90 percent of taxable income to shareholders in the form of dividends to maintain their REIT status. These steady dividend streams are important to REIT investors, so many analysts will look at AFFO payout ratios to determine whether REITs will be able to maintain their current dividend levels going forward. AFFO (also known as funds or cash available for distribution) adjusts funds from operations for non-cash items such as straightlining of rents and non-revenue-generating capital expenditures to get to an earnings metric that is a good proxy for cash flow per…
REIT Report
U.S. equity REITs are currently required to pay out 90 percent of taxable income to shareholders in the form of dividends to maintain their REIT status. These steady dividend streams are important to REIT investors, so many analysts will look at AFFO payout ratios to determine whether REITs will be able to maintain their current dividend levels going forward. AFFO (also known as funds or cash available for distribution) adjusts funds from operations for non-cash items such as straightlining of rents and non-revenue-generating capital expenditures to get to an earnings metric that is a good proxy for cash flow per…
Zell, Mack Talk Leverage, Recovery at Schack REIT Conference
In an annual REIT conference sponsored by New York University’s Schack Institute of Real Estate, Sam Zell and William Mack offered several hundred real estate professionals and NYU students their views on leverage, consolidation and the industry’s uneven recovery.
Quest for Growth Tops Agenda at NYU-Schack REIT Conference
Where is the growth in an age of uncertainty? Some of the industry’s most influential leaders wrestled with that timely question Thursday at the annual REIT conference organized by New York University’s Schack Institute of Real Estate.
Simon, BR Malls JV to Develop Outlet Malls in Brazil
Simon Property Group has teamed up with BR Malls Participacoes, Brazil’s largest retail real estate company, to develop and own outlet centers there. Simon also announced a JV with Calloway REIT to begin construction on Toronto Premium Outlets in Canada.
New Tishman JV Acquires Stakes in Office Portfolio in Deal Estimated at $1.6B
A joint venture between Tishman Speyer and an unidentified large pension fund has acquired the assets of Tishman Speyer Office Fund, an Australian listed property trust/REIT, in a deal worth a reported $1.6 billion.
KBS REIT Picks Up 522 KSF, Three-Building Dallas Office Complex
In yet another example of REITs getting back in the game, KBS Real Estate Investment Trust III has purchased Town Center Office Park, a 522,043-square-foot, three-building office complex in Dallas’ Plano submarket.
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