Shares of real-estate investment trusts have been hammered in the past month as interest rates have risen, but few have been hit as hard as companies that own properties leased to single tenants such as fast-food restaurants and convenience ...
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Ryman Hospitality Properties (RHP: NYSE) By J.P. Morgan ($36.40, June 17, 1013)We are upgrading our rating on Ryman Hospitality Properties to Overweight from Neutral.
Sometimes you have to spend money to save money.That is what some federal government officials are saying as they move workers into a new $863.1 million manufacturing complex built using a rare lease deal with a private venture.
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Imperial Capital(An earlier version incorrectly characterized the sector as mortgage real-estate investment trusts.)From our perspective as real-estate investment trust analysts, we believe that the 30-plus year decline in long-term ...
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Credit SuisseThe key to the mortgage real-estate-investment-trust sector right now is book-value preservation.Given the relative strength of the non-Agency mortgage-backed-securities (MBS) market (recent weakness notwithstanding), hybrid ...
Russia has become a nation of homeowners, thanks to the mass privatization that followed the fall of communism and new development in the ensuing years. But one key sector of the housing market has been neglected: rentals.
Q: What is the best account to hold REITs and master limited partnerships? Is there a prohibition against holding these shares in a rollover IRA? Is there a penalty or tax when these equities are sold?
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Some preferred shareholders in hotel owner Equity Inns were hoping that a $2.2 billion acquisition by a Goldman Sachs Group Inc. real-estate fund would mean a nice payout alongside the common stockholders, who got a hefty premium.
Is the stodgy real-estate investment trust business ready for a strip-club REIT?That is about to be tested by Rick's Cabaret International Inc., a Houston-based operator of 37 adult-entertainment clubs and bars.
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Is this time to lighten up on dividend stocks?A review of the financial press in recent weeks suggests that it might be. After all, these stocks, particularly those in defensive categories like consumer-staples, have led the bull market ...
SINGAPORE—Real-estate developer Overseas Union Enterprise Ltd. has started testing investor appetite for an initial public offering of a real-estate investment trust that is expected to raise as much as 800 million Singapore dollars (US$638 ...
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Luxury hotel owner Strategic Hotels & Resorts Inc. has hired brokerage Eastdil Secured to sell the company, according to a person familiar with the situation.
Should people think of their houses as investments? The Wall Street Journal put this question to The Experts, an exclusive group of industry, academic and other thought leaders who engage in in-depth online discussions of topics from the ...
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CHICAGO—Wayne Luthringshausen, the chief executive of the Options Clearing Corp., plans to retire this year after four decades leading the main clearinghouse for U.S. stock-options trading.
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MLV & Co.While low supply growth across the U.S. lodging industry is well understood, we believe supply growth across suburban and secondary market portfolios will come in below current investor expectations for the near-to-medium ...
NEW YORK (MarketWatch) — At The Arora Report, we divide the precious metals group in seven categories. Historically, it has paid off to first identify which of the seven will be the leaders of the next cycle, and then properly time the ...
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The stock market moves not on what is happening now so much as what investors think will happen down the road. So the market may be in for a rude awakening as interest-rate-sensitive sectors falter, suggesting higher rates toward the end of ...
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In the stock market, boring is often beautiful.That is because "boring" stocks—those that have exhibited the least historical volatility—on average outperform the most "exciting" issues—those that have been the most volatile. And not by ...
NEW YORK (MarketWatch) — Stakeholders in the private company that owns the Empire State Building have approved a plan to sell the iconic tower as part of an initial public offering, according to a regulatory filing on Wednesday.
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Vital SignsThe bear tried to roar, but it came out as a hiccup.The Dow industrials and Standard & Poor's 500 were headed for a third straight week of losses last week, but a solidly pedestrian jobs report Friday inspired one of the ...
Breaking NewsFrom WSJ.com'sDevelopments BlogInteresting RatesOne big issue is looming in the background this week as hundreds of real-estate executives gather in Chicago for an industry convention: rising interest rates.
John Paulson has a message for investors: Stop paying so much attention to my gold bets.Mr. Paulson, the billionaire hedge-fund manager who has been one of the most bullish investors in the precious metal and suffered deep losses as a ...
LOS ANGELES (MarketWatch) — One of Wall Street’s many witty quips recommends you buy when there’s blood in the streets. Well, these days, the blood in the streets isn’t red — it’s silver.
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Two trust listings in Asia this week have posted some of the sharpest first-day declines globally this year, as investors position themselves for a possible increase in interest rates.
Data-center owners, once darlings of real-estate investors, are beginning to get spurned by Wall Street.The two largest data-center real-estate investment trusts—Digital Realty Trust Inc. and Dupont Fabros Technology Inc.—underperformed the ...
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American Campus Communities (ACC: NYSE) By Hilliard Lyons ($40.37, June 5, 2013)We are raising our rating on American Campus Communities from Neutral to Buy. We believe the current price is an attractive entry point for investors wanting to ...
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Stock investors are getting a taste of what could be in store with a sustained rise in bond yields.A month of sharply climbing U.S. Treasury yields culminated last week in an abrupt selloff among stocks that had been posting big gains ...
SAN FRANCISCO (MarketWatch) — Gold futures on Thursday scored their highest settlement in more than two weeks as a weaker dollar, disappointing U.S. economic data and strong physical demand in Asia combined to lift prices above $1,400 an ...
TOKYO—In a session of wild price swings and market rumors of government and central-bank buying, Tokyo stocks managed to recover from steep losses to close just slightly lower Friday, stanching a selloff that would have put the market in ...
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A prominent Chinese developer and a scion of the Safra banking family have purchased a 40% stake in the General Motors Building in a deal that values the Manhattan property at approximately $3.4 billion, likely making it the most valuable ...
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The Internal Revenue Service is stepping up its scrutiny of companies that are looking to avoid some corporate taxes by converting their operations into real-estate investment trusts.
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Iron Mountain's plans to convert to a real estate investment trust may have hit a wall, as U.S. tax authorities are scrutinizing their requirements for REITs.
For all the companies and pundits worrying that President Obama’s health-care overhaul will be bad for business, there may be at least as many entrepreneurs who see the law as a gold rush.
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NEW DELHI—India may consider more steps in early June to reduce domestic gold consumption if imports of the metal remain high this month, a senior finance ministry official said Thursday.
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Two big owners of Sunbelt region rental apartments announced they will merge in a deal valued at more than $2 billion and form the nation's second largest publicly traded multifamily landlord.
Morgan Stanley is trying to revive its flagship real-estate program after suffering huge losses during the financial crisis.The investment firm's real-estate unit, Morgan Stanley Real Estate Funds, or Msref, is gearing up to raise a $1 ...
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The jitters hitting the stock market in recent weeks are spreading to what had been a red-hot market for high-yielding initial public offerings.
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With little happening in the hotels and casinos sector to give stocks a dramatic boost last year, some of the most successful picks were related to business reorganizations that unlocked shareholder value.
Like other dividend plays, real-estate investment trusts have been roaring. As measured by the MSCI REIT index, they've returned 16% so far this year (including dividends) and 20% annually over the past three years, versus a 16% annual ...
Gold's slump has saddled the second-largest U.S. college endowment with more than $300 million in paper losses. But the swoon hasn't shaken the faith of Bruce Zimmerman, who since 2007 has been chief executive of University of Texas ...
A deal that would have given online-gambling giant PokerStars a chance to re-enter the U.S. market turned into a legal battle Monday as a judge agreed to temporarily block investment firm Colony Capital LLC's attempt to terminate a ...
SAN FRANCISCO (MarketWatch) — Investors didn’t buy enough physical gold to offset outflows from gold-exchanged traded funds in the first quarter, but total ETF gold holdings were still higher than a year ago, and demand for jewelry, bars ...
SAN FRANCISCO (MarketWatch) — Exchange-traded funds ushered in a new era of investing in commodities, allowing everyone from avid retail investors to leveraged hedge funds to make bets on gold, silver and other hard assets without the ...
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SINGAPORE—Singapore Press Holdings Ltd. said that it has been approved by the Singapore stock exchange to list two of its shopping malls through a real-estate investment trust, in a deal that could raise about 1 billion Singapore dollars ...
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Imperial CapitalIn this report, we look at the change in common dividends and total compensation paid to the highest-paid executive among the leading real-estate investment trusts of the major subsectors from 2008 to 2012-2013. We have ...
Careful ComparisonTo the Editor: While I agree the market has performed below average for the past five years ("We Were Right!" May 13), a significant factor in that calculation is that exactly five years earlier, the market still had a ...
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Massachusetts' top securities regulator more than doubled to $4.8 million the amount LPL Financial Holdings Inc. must reimburse investors for improper sales of nontraded real-estate investment trusts.
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TORONTO--Canadian Tire Corp. said Thursday it plans to spin off most of its real estate assets into a standalone real estate investment trust to capitalize on the value of its portfolio across Canada.
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The late real-estate financier William "Bill" P. Carey wanted to ensure the institutions of the city were as good as they could be for him and for everybody else.
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Five independent brokerage firms will pay $6 million in restitution to settle with a Massachusetts securities regulator who accused them of improperly selling non-traded real estate investment trusts.
Real-estate investment trusts reported robust earnings for the first quarter, as a slowly improving economy allowed landlords to raise rents.
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A proxy advisory firm is recommending that J.C. Penney Co. shareholders oppose the re-election of director Steven Roth at the company's May 17 annual meeting as the fallout from former Chief Executive Ron Johnson's disastrous tenure at the ...
The apartment sector's biggest mystery these days: What will Lehman do?Earlier this year, the estate of Lehman Brothers Holdings Inc. sold apartment-building owner Archstone to competitors Equity Residential and AvalonBay Communities Inc. ...
Barry Sternlicht's Starwood Property Trust Inc. has stepped up buying single-family homes to the point that its rental-housing landlord business is big enough to be spun off as a separate company, executives said.
With interest rates so low on almost everything, investors have been desperately searching for yield.That’s why they’re still scooping up bond funds, despite all the warnings. It’s why they’re still piling into dividend-paying stocks, ...
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After four decades of failed government policy and bitter community infighting, the largest parcel of underdeveloped publicly owned land in Manhattan below 96th Street is poised for private development.
The stock market’s record highs seem to have some people convinced that investing is child’s play.My inbox has been flooded recently with letters and press releases about various places where the Stock Market Game was played this spring, ...
Breaking News From WSJ.com's Developments BlogThe competition is intensifying for 650 Madison Ave., a 27-story, green-glass office building near the southeast corner of New York's Central Park, with some bids coming in for more than $1.3 ...
NEW YORK (MarketWatch) — Gold futures slumped on Friday for a seventh consecutive session, as the dollar index jumped to nearly three-year highs and U.S. data raised optimism about the economic recovery.
UBS analyst Yosuke Ohata kept a buy call on Mori Hills REIT Investment Corp. throughout last year because he expected an additional driver for the stock beyond the fundamentals of the Japan real-estate market: asset swaps with its sponsor ...
Want to know which way the price of gold is headed? Some brokers and money managers say you should keep an eye on gold ETFs.They say the recent collapse in the price of gold has highlighted a new leading indicator for the metal: the flow of ...
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Credit SuisseWe recently hosted a discussion in our quarterly series with Michael Depatie, chief executive of Kimpton Hotels.We always find Mr. Depatie one of the most straight-shooting executives in the lodging industry, and his candor on ...
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Home is where the heart is, and for some mortgage investors, it is where the profits are, too.The rebound in the single-family-home market is reopening the door for companies that invest in residential mortgage securities and individual ...
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Bargain hunters shopping for underpriced U.S. stocks in the ongoing rally could end up with less than they bargained for.The pool of large-company stocks with prices that are lower than they were at the end of 2012 is getting perilously ...
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The effect of Japan's massive monetary easing on asset prices is uneven. Shares in real-estate investment trusts have soared, but underlying property prices have barely budged. That should have REIT investors worried.
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When the World Financial Center opened in Lower Manhattan nearly three decades ago, it was prized as the modern hub of its namesake industry. The four-building office property was filled with investment-banking tenants like Merrill Lynch ...
A real-estate developer who collects contemporary art is building a new fine-art storage facility in Queens to rival spaces such as Christie's Brooklyn storage facility, where art was damaged by flooding during superstorm Sandy.
SAN FRANCISCO (MarketWatch) — Gold futures lost more than 1% on Tuesday to settle near their lowest level in a week, with investors still concerned about big outflows from gold exchange-traded funds that helped to drag prices for the metal ...
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NEW YORK—Advisers seeking diversification and income are turning to nontraded real-estate investment trusts, putting a spotlight on the industry as it attempts to expand its investor base.
The estate of Lehman Brothers Holdings Inc. is looking to raise about $2 billion by selling about half of the stock it got when it sold apartment giant Archstone to two of its largest competitors.
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A last-minute options trade Tuesday stands to bring in huge profits following news the company may be exploring a sale.Just seconds before the close of options trading Tuesday, a large bet was placed that Saks shares would extend a run that ...
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Silver earned its moniker as the "Devil's metal" with a day of whipsaw trading that took prices to their lowest level since September 2010.Silver prices began the day with a 9.4% drop in the first 10 minutes of trading, a move so big it ...
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Bose George has been riding the ups and downs of the mortgage business since 1997. Last year, he rode it all the way to the top.Mr. George, who follows the industry for the Keefe, Bruyette & Woods Inc. unit of Stifel Financial Corp., ...
Jeffrey Kolitch, 44, is a real-estate thoroughbred: The son of a developer, he majored in real estate at the Wharton School of Business and now steers the $503 million Baron Real Estate fund (ticker: BREFX), which beat 99% of its peers in ...
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Gold just can't catch a break.Prices for the yellow metal ended Thursday at a nine-month low, even as the Bank of Japan announced aggressive stimulus plans aimed at creating inflation, a traditional driver of strength in the metal. Gold is ...
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American Realty Capital Properties Inc., a large commercial-property owner, said it made an unsolicited offer to buy a so-called nontraded real-estate investment trust for $5.7 billion.
Exchange-traded funds tracking gold were put to the test by the turmoil in precious-metals markets over the past week, but traders said they weathered the storm with only slight signs of stress.
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Another longtime gold bull is turning tail.Investment bank Goldman Sachs Group Inc. said Wednesday that gold's prospects for the year have eroded, recommending investors close out long positions and initiate bearish bets, or shorts. The ...
SAN FRANCISCO (MarketWatch) — Gold futures on Wednesday dropped almost 2% as Goldman Sachs cut its price forecast on the metal, the dollar strengthened, equities rallied and Federal Reserve officials offered mixed signals on the duration of ...
SAN FRANCISCO (MarketWatch) — Interest in Facebook Inc. since its calamitous initial public offering has mirrored interest in the social-networking site: Investors and users are still hanging around, but they’re less enthusiastic.
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Dissident investors Related Cos. and Corvex Management LP launched a ballot campaign Thursday to oust the board of office landlord CommonWealth REIT.
LONDON (MarketWatch) — European stock markets extended losses into a third straight day on Tuesday, as concerns about global growth remained in the spotlight after Germany’s ZEW index missed expectations.
CHAPEL HILL. N.C. (MarketWatch) — When it comes to dividends, more isn’t always better: A company isn’t necessarily more attractive just because it pays a higher dividend.
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High-yield bond prices are perched at record highs, but there are signs of trouble ahead.That means investors must keep a keen eye on the high-yield bond mutual funds they own—and should favor actively managed mutual funds over passively ...
Some of the nation's largest health-care landlords are pulling back from nursing homes on concerns they will be less profitable in an era of steep Medicare and Medicaid cuts.
Florida Gulf Coast coach Andy Enfield, whose team is suddenly the darling of the NCAA tournament, had coaching gigs with the Boston Celtics and Florida State on his résumé when he nabbed the Florida Gulf Coast job in 2011, so his career ...
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WASHINGTON—A panel of top financial regulators is targeting mortgage real-estate investment trusts as a potential risk to the U.S. financial system, the latest example of Washington's growing concern with market bubbles.
Small stocks came under pressure last week, underperforming their larger brethren amid worries about economic growth. But along with their lagging performance, a healthy handful of small-cap companies have made their cash payouts more ...
The stock market sold off last week, and gold took a big hit, its price falling nearly 10% on Monday, April 15. Meanwhile, the 10-year Treasury bond continues to have a paltry yield, most recently about 1.7%. For some perspective on all ...
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Regulators are casting a skeptical eye on a fast-expanding corner of Wall Street amid worries about the risks posed by mortgage real-estate investment trusts.
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Jersey City will take another step toward transforming the contaminated sites that dot its waterfront when it breaks ground Wednesday on a nearly 800,000-square-foot warehouse.
SAN FRANCISCO (MarketWatch) — Gold futures dropped Wednesday to their lowest settlement level since late June, as signs of weakening demand for the so-called paper form of the metal offset safe-haven support from a slowdown in growth among ...
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Toys "R" Us Inc. on Friday. after almost three year of waiting, abandon plans for an initial public offering amid declining sales and heightened competition from online rivals.
NEWPORT BEACH, Calif. (MarketWatch) — Gold has fallen out of favor as stocks have grabbed the spotlight and the U.S. dollar continues to strengthen. But don’t discount gold — long-term trends still support the precious metal.
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Marshall Kramer, a 76-year-old retiree in Katy, Texas, picked up his phone recently and was surprised to hear the voice of Peter Malkin, whose family controls the Empire State Building.
CIUDAD JUÁREZ, Mexico—In this violence-plagued border town where thousands of workers assemble U.S.-bound goods, Brookfield Asset Management Inc. is betting that it can put together the pieces of an investment that was undercut by the U.S. ...
Private-equity mutual funds. Leveraged ETFs. Managed-futures funds. A growing number of investment products like these employ so-called alternative strategies, holding out the promise of diversification for investors who haven’t forgotten ...
Follow-Up | Dow Indicator | PreviewThe global economy may be slowing, but that didn't suppress investors' appetite for silver in 2012, according to the World Silver Survey issued by the Silver Institute last week.
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Investing directly in property can be an attractive alternative to low-yielding bonds but isn't for everyone. Investors should know the real-estate market, be wary of what can go wrong and, because properties can be illiquid, have plenty of ...
For months, Jeff Blau, chief executive of development giant Related Cos., talked to banks about financing Related's planned 895-foot office tower on Manhattan's West Side.

Ask the right questions before you hand over your money
A balanced portfolio can have a bigger impact on long-term performance than individual stock picking
Investing for retirement is more complicated than opening an IRA or maxing out your 401(k)
When choosing a stock mutual fund, consider performance, manager track record and cost before investing.
Even in times of interest rate uncertainty, a certificate of deposit (CD) can still be part of your cash strategy.