Friday 28 October 2011

UPDATE 2-SL Green third quarter FFO $1.00 per shr

UPDATE 2-SL Green third quarter FFO $1.00 per shr

Wed Oct 26, 2011 7:57pm EDT
* Q3 FFO $87.9 mln, or $1 per diluted shr
* Analysts' view 99 cents per share
Oct 26 (Reuters) - SL Green Realty Corp , one of the largest owners of Manhattan office buildings, said on Wednesday its quarterly funds from operations fell as expenses rose.
The company said quarterly funds from operations -- or FFO -- fell to $87.9 million, or $1.00 per diluted share, from $145.3 million, or $1.82 per diluted share, a year earlier.
FFO before transaction-related costs was $1.01 per diluted share versus $1.05 per diluted share a year earlier.
Analysts had expected FFO of 99 cents per share, according to Thomson Reuters I/B/E/S.
FFO, a measure of performance of a real estate investment trust (REIT), removes the profit-reducing effect that depreciation has on earnings.
Revenue in the third quarter fell 3.3 percent to $308.6 million, while operating income dropped 18.4 percent to $164.2 million.
The company's shares closed at $67.54 on Wednesday on the New York Stock Exchange.
The company is scheduled to hold a conference call on Thursday.

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Thursday 27 October 2011

Shares set to outperform property

Shares set to outperform property

October 13, 2011, 3:02 pm By Yahoo!7 Finance Yahoo!7
While owning your own house in Australia has been the best way to generate wealth over the past two decades, new research shows that shares are the asset for the future.

While property has enjoyed unbeatable returns over the past 20 years, research from ANZ predicts that shares will be the winner over the next decade.
The report, Asset returns: Past, Present and Future, shows that since 1987, owner-occupied housing has delivered annual returns of around 12 per cent. The capital gains tax exemptions that apply to owner-occupied housing were identified as a key component in the asset class’s high returns. Even when other taxes and costs were factored in, it is clear that owning your own home in Australia during the 90’s and 00’s was a great way to increase wealth. (More From Yahoo!7 Finance: Easy Ways To Diversify Your Portfolio)
The next best performer over the 24 year period was investor housing, which provided slightly better returns than shares. Next in line were government bonds, term deposits and commercial property.
While property has enjoyed a long period of superiority, the ANZ report indicates that the next ten years could be the decade of the share market. The bank analysed projected rates of return for the major asset classes and results showed that shares were likely to be the strongest performer. (More From Yahoo!7 Finance: Why Stocks Aren't That Scary)
Yahoo!7 Finance expert Peter Switzer recently commented that while people were understandably worried about share market volatility, sticking with quality stocks over the long term was still a solid investment strategy.
"With shares - provided they are quality ones that pay good dividends - you hover between what you get in cash or term deposits and the chance for the periods where the returns are 10-12%," Switzer said.
"These are crazy times for stocks and challenging times for investors and it has meant that many scaredy cats have run to cash, which can be understandable if your super is running out" Switzer added, "But if you're in stocks and your super is reasonable, there are plenty of good arguments to stick solid with stocks". (For related reading, see Don't Run Away From Stocks)
The report predicted that commercial property could also provide strong returns in the coming decade, possibly surpassing owner-occupied housing in profitability.
Commercial property includes retail space and offices through to car parks and industrial properties like warehouses and factories. When risk was factored into the forecasts, shares and commercial property looked to delivery similar returns. (More From Yahoo!7 Finance: Peter Switzer: Why I'm Solid With Stocks)

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Pension Payouts From Around the World
Six Investing Rules From The World's Top Investors
Countries With The Highest Taxes
Five Countries With Low Taxes
Top Celebrity Investors And What They're Invested In


Going overseas? Buying online? Find the latest currency exchange rates and convert all major world currencies with our currency converter.

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77 Comments

  1. Ivan12:31pm Friday 14th October 2011 ESTReport AbuseDrugs, Shares no way wait 6months and buy ya home at rock bottom prices...
    1 Reply
  2. Dijana12:33pm Friday 14th October 2011 ESTReport Abuset
    Reply
  3. Andrew12:44pm Friday 14th October 2011 ESTReport AbuseBig gains in the last 20 years? Try the last 80 years! Housing prices have doubled every 7 to 10 years for the last 80 years, so why would that change now?
    6 Replies
  4. Gregory12:53pm Friday 14th October 2011 ESTReport AbuseWith the thousands lost on my super,,, no way. I'll keep my investment properties which have served me very well. Made much more from them while my super goes backwards.
    Reply
  5. Mckenzie01:02pm Friday 14th October 2011 ESTReport AbuseBecause property prices are pushed up by overseas investment, alot of it comes from China. When China's growth rate slows down, investment will decrease. More importantly Australia is one of the most expensive countries in the world to buy property, the growth rates simply aren’t sustainable (nothing is over time)- eventually people will see there's no value in buying property. Another big problem is that banks are over lending - Australia has the highest mortgage debt in the world!!...
    Reply
  6. Un.Zip6901:02pm Friday 14th October 2011 ESTReport Abusecoke.
    Reply
  7. Andy01:09pm Friday 14th October 2011 ESTReport Abuse"ANZ predicts that shares will be the winner over the next decade." That is only if the conditions remain stable, for that model to conclude as 'winning'. There is safety in holding shares now, but there is still too much tolerance in risk today, to know which hi and lo is right to jump in buying. If a share represents true business, then it should survive in time, only false business should suffer the GFC. Be patient with shares.
    Reply
  8. gncorp01:12pm Friday 14th October 2011 ESTReport AbuseThe share market needs more money as billions keep getting wiped, so if they release this article it might get people pouring money into shares as people will be eluded by the quick gains and ignore the losses as the broker will calm the investors down with claims of riches.
    Reply
  9. YaYa01:16pm Friday 14th October 2011 ESTReport AbuseUnless you are in the business this is rubbish. The stock market needs the mugs to make any money so they will always rip you off. They have advanced info and you will never be able to react in time. Just back to Australia for 12 months and Australian Super managed to lose me around 18% of what I put in....
    Reply
  10. graeme01:17pm Friday 14th October 2011 ESTReport AbuseProperty will always outperform shares. The simple reason is LEVERAGE and this is the simple reason that underpins why property stands out as the most important source of wealth.
    7 Replies
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