Technical Analysis on NorthStar Realty and DDR Corp.: a Turnaround for REITs
LONDON, February 19, 2013
LONDON, February 19, 2013 /PRNewswire/ --
Retail sector is still in a slow growth phase as compared to its growth in
pre-recessionary period with respect to its occupancy and rental rates. The
sector has had a robust growth in 2012 with unemployment rate declining from
8.3 per cent to 7.9 per cent, with the FTSE NAREIT US Real Estate Index series
showing a total return of 22.17 per cent last year. In 2013, the sector has
maintained its momentum with returns of 5.02 per cent till February 11 2013.
Two of the Retail REITS which have posted their 4 ^th quarter and annual
results recently are NorthStar Realty Finance Corp. (NYSE: NRF) and DDR Corp.
(NYSE: DDR). While one derives its main source of revenue through management
of Commercial estates Debt and securities (mortgage REITs), the other is
primarily into leasing of retail properties. Both companies are currently
trading at their 52-week high. StockCall has posted free technical research on
NorthStar Realty and DDR Corp. which can be downloaded upon sign up at
NorthStar Realty in Brief
NorthStar's business activities include originating, structuring, acquiring
and managing commercial real estate debt, securities and net lease properties
along with asset management. In its recently announced 4 ^th quarter and
yearly results, it has reported Adjusted Funds from operations as $224.2
million for the full year 2012 as compared to $149.4 million for full year
2011. It has committed to $1.3 billion of diversified investment with an
expected return of 18% and above. Sign up and read the complimentary report on
NorthStar Realty Finance Corp. at
It has approximately $7.4 billion assets under management as of 31 ^st
December 2012. The company has projected a cash availability of $ 0.97 per
share for distribution for 2013.
NorthStar has a strong dividend history. It has announced a cash dividend of
$0.18 per share with respect to quarter ending 31 ^st December 2012
representing an 80% increase over the last 6 quarters. The company is
currently trading at $ 8.45 near it 52-week high of $8.47. If dividends are
any indication for the future, the company has high growth potential.
DDR Corp. in brief
DDR owns and manages retail properties in the USA, Puerto Rico and Brazil. The
company's portfolio primarily features open air value oriented shopping
centers in high barrier to entry markets with stable population and high
growth potential. Core tenants include Wal Mart, Kohl's, Bed Bath and beyond
Michaels, Lowe Maxx and Petsmart. The free report on DDR Corp. can be
downloaded by signing up now at
DDR is currently trading at $17 on NYSE near its 52-week high of $17.03.
In recently reported 4 ^th quarter earnings it has generated an operating FFO
of $1.03 per diluted share ($305.3 million) for full year, an increase of 6%
from last year due to organic growth and also disposition of non-prime assets.
It has executed 1,958 new leases and renewals of 11.3 mn square feet. In 2012,
the company has acquired prime assets of $760 million. It has shown an
increase of 6% in its revenues. At the year end 2012, the company's core
portfolio was 94.2% leased; an increase of 60 bps over the last year.
The company has a promising growth future with concentration in high-growth
areas and strong tenant portfolio.
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