Equity Research on General Growth Properties Inc. and Kimco Realty Corporation - REIT Retail Benefiting From Improved Consumer Spending
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 05/14/12 -- has a handpicked team of market professionals with over 100 years of combined investing experience. Today they are providing members comprehensive research on the REIT - Retail industry and are offering free analytical research on (NYSE: GGP) and (NYSE: KIM). Register with us today at to have free access to these research reports.
Consumer confidence and spending has been improving of late. According to the National Retail Federation, retail sales in March gained 6.6 percent year-over-year, which is good news for the REIT Retail industry. Companies in the REIT Retail industry such as General Growth Properties Inc. and Kimco Realty Corporation have been reporting relatively positive quarterly earnings figures as increased consumer spending has boosted tenant sales, rents and occupancy. Get your free reports on and at . There is no commitment to join.
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Kimco reported total first quarter revenues of $231.4 million, up 2.8 percent year-over-year, with funds from operations of $126.2 million compared to $122.0 million a year ago. General Growth Properties recently announced core funds from operations of $222.1 million for the first quarter, an improvement over last year's $208.2 million. report is accessible for free by registering today at .
Top-tier malls have been performing especially well of late, as rents and occupancy in these have been rising at a higher pace. General Growth has recently expressed potential interest in acquiring Vornado Realty Trust's best 'A' malls as the company looks to lessen its involvement in the enclosed-mall business. report is accessible for free by registering today at .
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Datum: 14.05.2012 - 06:05 Uhr
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