REIT Retail Companies Report Quarterly Financial Results, and Joint Ventures - Research Report on GGP, Federal Realty, NorthStar Realty Finance, DDR, and Taubman Centers

NEW YORK, August 19, 2013 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

Today, Analysts' Corner announced new research reports highlighting General Growth Properties Inc. (NYSE: GGP), Federal Realty Investment Trust (NYSE: FRT), NorthStar Realty Finance Corp. (NYSE: NRF), DDR Corp. (NYSE: DDR), and Taubman Centers Inc. (NYSE: TCO). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

General Growth Properties Inc. Research Report

On July 29, 2013, General Growth Properties Inc. (GGP) announced its Q2 2013 financial results with total revenues of $613.2 million, up 1.1% YoY. Net income attributable to common stockholders was $205.4 million or $0.21 per diluted share, in Q2 2013, compared to net loss of $107.9 million or $0.12 per diluted share, in Q2 2012. Company Funds from Operation (FFO) per diluted share was up 18.1% YoY to $0.27. For Q3 2013, GGP expects net income attributable to common stockholders to be within $0.03 to $0.05, and company FFO to be between $0.26 and $0.28 per diluted share. GGP also expects full-year 2013 Company FFO to be between $1.13 and $1.15 per diluted share, and net income attributable to common stockholders to range between $0.39 and $0.41. The Full Research Report on General Growth Properties Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/cd74_GGP]

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Federal Realty Investment Trust Research Report

On August 1, 2013, Federal Realty Investment Trust (Federal Realty) released its Q2 2013 financial results with total revenue up 7.0% YoY to $157.9 million. Net income available for common shareholders was $37.4 million or $0.57 per diluted share, in Q2 2013, compared to $32.5 million or $0.51 per diluted share, in Q2 2012. Don Wood, President and CEO of Federal Realty, said "Our portfolio continues to outperform expectations and our leasing activity, which produced rollover growth in excess of 15%, sets us up well for the future. We are also pleased with the progress and momentum in our development pipeline and the value creation we expect it to deliver. Finally, we are proud to increase our dividend for the 46th consecutive year, the only REIT to have such record." The Company expects 2013 diluted EPS to be within $2.41 to $2.45. The Full Research Report on Federal Realty Investment Trust - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/5719_FRT]

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NorthStar Realty Finance Corp. Research Report

On August 2, 2013, NorthStar Realty Finance Corp. (NorthStar Realty) released its Q2 2013 financial results with total other revenues up by 153.9% YoY to $104.8 million. Net loss attributable to NorthStar Realty Finance Corp. common stockholders was $12.6 million or $0.06 per diluted share, compared to $77.5 million or $0.62 per diluted share, in Q2 2012. David T. Hamamoto, Chairman and CEO of NorthStar Realty said, "Our asset management business accomplished a significant milestone this quarter with the completion of our first $1.1 billion non-traded REIT offering.  We look forward to building on this momentum as we target raising $2.75 billion for our two other non-traded REIT products, NorthStar Healthcare Income and NorthStar Real Estate Income II." In prior announcement on July 31, 2013, the Company's Board of Directors also approved a cash dividend of $0.20 per share of common stock, which is payable on August 16, 2013 to shareholders of record as of the close of business on August 12, 2013. The Full Research Report on NorthStar Realty Finance Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/4db3_NRF]

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DDR Corp. Research Report

On August 13, 2013, DDR Corp. (DDR) announced that a joint venture formed with an affiliate of Blackstone Real Estate Partners VII L.P. has completed the acquisition of a portfolio comprising seven major shopping centers with 2.4 million sq. ft. for a purchase price of $332 million, including assumed debt of $207 million and $28 million of new mortgage debt. According to DDR, Blackstone owns 95% of the common equity of the joint venture and an affiliate of DDR owns the remaining 5%. Daniel B. Hurwitz, CEO of DDR said, "We are pleased to advance our relationship with Blackstone and further our strategic objective to creatively source acquisition opportunities.  The partnership structure will enhance our cash flow and provide proprietary access to prime assets for potential acquisition at a future date. The assets fit nicely into our operating platform and we look forward to creating value for our partner and our shareholders."  The Full Research Report on DDR Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/3f59_DDR]

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Taubman Centers Inc. Research Report

On August 9, 2013, Taubman Centers Inc. (Taubman Centers), along with Queen Emma Land Company and CoastWood Capital Group, LLC, announced that they are moving ahead with their plans to modernize the International Market Place in Waikiki, Honolulu, Hawaii. According to Taubman Centers, the new project is scheduled to open in spring 2016, and it will feature a 360,000 sq. ft. of dining, retail and entertainment, with approximately 60 stores, located on six acres within the heart of Waikiki. Stephen J. Kieras, Senior Vice President of Development for Taubman stated, "We are deeply committed to Hawaii and believe the renewed International Market Place will be exceedingly positive for both The Queen's Health Systems and the local community." The Full Research Report on Taubman Centers Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/274c_TCO]

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