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Specialized REITs

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HCP reports transactions to further reduce Brookdale portfolio concentration

Thursday, 2 Nov 2017

Nov 2 (Reuters) - HCP Inc ::HCP announces transactions to further reduce Brookdale portfolio concentration.HCP Inc - ‍ agreed to sell its remaining investments in ridea ii senior housing joint venture to an investor group led by CPA for $332 million​.HCP - ‍ intends to use proceeds from dispositions primarily to repay debt and for general corporate purposes​.HCP - ‍ Ridea ii joint venture owns 49 communities, of which 46 are managed by Brookdale senior living​.

Big Yellow Group FY adjusted pretax profit rises

Tuesday, 23 May 2017

May 23 (Reuters) - Big Yellow Group Plc ::FY revenue 109.1 mln stg versus 101.4 mln stg.FY like-for-like revenue 107.3 mln stg versus 101.4 mln stg.FY adjusted profit before tax 54.6 mln stg versus 49.0 mln stg.FY statutory profit before tax 99.8 mln stg versus 112.2 mln stg.FY statutory basic earnings per share 63.6p.FY occupancy like-for-like stores 78.1 pct versus 75.3 pct.Final dividend 14.1p."We can expect to break through 80 pct occupancy this summer putting us within touching distance of our long held goal of 85 pct"."Trading over last few months has been better than we anticipated"."These are uncertain times and we remain fully prepared for any economic reversals which could cause demand to fluctuate".

Weyerhaeuser to explore strategic alternatives for its Uruguay Timberlands, manufacturing business

Wednesday, 12 Oct 2016

Weyerhaeuser Co : Weyerhaeuser to explore strategic alternatives for its Uruguay timberlands and manufacturing business . Says company intends to consider a broad range of alternatives, including continuing to hold and operate business, or a sale . Weyerhaeuser Co - intends to consider a broad range of alternatives, including continuing to hold and operate business, or a sale .Says review of Uruguay operations does not guarantee that company will pursue a transaction.

American Hotel Income Properties reduces its base hotel management fees to 3.0% from 3.5% of gross revenue for all 80 hotels in its portfolio

Tuesday, 11 Oct 2016

American Hotel Income Properties Reit Lp : American Hotel Income Properties Reit Lp announces accretive changes to its Master Hotel Management agreement . American Hotel Income Properties -a reduction in its base hotel management fees from 3.5% to 3.0% of gross revenue for all 80 hotels in its portfolio . American Hotel Income Properties Reit Lp - exclusivity period for tower rock as ahip's hotel manager has also been extended for further five-year term .American Hotel Income Properties Reit Lp says reduction was negotiated by AHIP to increase cash flow and improve AFFO.

Ashford Prime announces corporate governance enhancements & appointment of new independent director

Tuesday, 9 Aug 2016

Ashford Hospitality Prime Inc : Ashford Prime announces corporate governance enhancements & appointment of new independent director . Says addition of two independent directors to board . Says to separate roles of chairman and ceo .Ashford hospitality says Ken Fearn has joined board of directors, bringing total number of directors to eight and total independent directors to six.

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