Digital Realty Trust and Piedmont Office Realty Trust Under StockCall's Microscope: Commercial Real Estate Market to Continue to Recover PR Newswire LONDON, February 27, 2013 LONDON, February 27, 2013 /PRNewswire/ -- On Tuesday, data from the Commerce Department showed that new home sales rose 15.6% in January. The data further highlights the fact that the recovery in the U.S. residential real estate market remains strong. The recovery in the commercial real estate market has been slower. However, things are likely to continue to improve in 2013, which augurs well for REITs in the Office space such as Digital Realty Trust Inc. (NYSE: DLR) and Piedmont Office Realty Trust Inc. (NYSE: PDM). StockCall has released full comprehensive research on Digital Realty Trust and Piedmont Office Realty Trust and these free technical analysis can be downloaded by signing up at http://www.stockcall.com/technicalanalysis Improving Fundamentals In a recent report, CBRE Group said that the commercial real estate market in the U.S. continued to recover in the fourth quarter of 2012, with vacancy falling 10 basis points to 15.4%. The National Association of Realtors (NAR), in a report late last year, had also noted that the commercial real estate market in the U.S. was seeing a gradual improvement in fundamentals. One of the main concerns for Lawrence Yun, Chief Economist at NAR, was the fiscal cliff. That has been averted after lawmaker signed a last-minute deal earlier this year. With the recovery in the labor market is set to continue and interest rates are expected to remain at record low levels for a while, the commercial real estate market is likely to see a stronger recovery in 2013. Jones Lang LaSalle in a recent report noted that the commercial real estate market headed into 2013 with 11 straight quarters of occupancy growth and eight straight of rent increases. The recovery in the commercial real estate market was mainly driven by the energy-rich and technology-heavy markets in Texas markets in Texas and California, according to Jones Lang LaSalle. However, the recovery is likely to be more broad-based in 2013, the report noted. Digital Realty Trust Inc. Reports Strong Q4 Results Earlier this month, Digital Realty Trust Inc. reported strong financial results for the fourth quarter ended December 31, 2012. The REIT's funds from operations on a diluted basis were $159.4 million in the fourth quarter of 2012, or $1.16 per share, up 13.7% on a year-over-year basis. Free technical analysis on Digital Realty Trust Inc. available by signing up at http://www.StockCall.com/DLR022713.pdf Digital Realty Trust, which owns, acquires, develops, redevelops and manages technology-related real estate, reported funds from operations of $4.44 per share for the full year ended December 31, 2012, compared to $4.06 per share reported in 2011. Michael F. Foust, CEO of Digital Reality, said that the company is very pleased to deliver another solid year of earnings growth for its shareholders in 2012. Foust noted that the company continued to expand into key high demand global markets while capturing significant demand data center space in top markets across North America. Piedmont Office Realty Trust Inc. Gives Robust Guidance for 2013 Earlier this month, Piedmont Office Realty Trust provided solid outlook for 2013. The Johns Creek, Georgia-based REIT expects net income of $80 million to $98 million for 2013. Core funds from operations for 2013 are expected to be between $225 million and $243 million, or between $1.35 per share and $1.45 per share. Register today and access the free research on Piedmont Office Realty Trust at http://www.StockCall.com/PDM022713.pdf About StockCall.com StockCall.com is a financial website where investors can have easy, precise and comprehensive research and opinions on stocks making the headlines. Sign up today to talk to our financial analyst at http://www.stockcall.com Contact: Contact Person: William T. Knight, Email: email@example.com, Contact Number: +1(646)396-9857 (9:00 am EST - 01:30 pm EST)
Digital Realty Trust and Piedmont Office Realty Trust Under StockCall's Microscope: Commercial Real Estate Market to Continue to
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