Digital Realty Trust and Piedmont Office Realty Trust Under StockCall's
Microscope: Commercial Real Estate Market to Continue to Recover
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
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
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
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
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