SOURCE: Wall Street Equity Research

Wall Street Equity Research

November 19, 2010 08:07 ET

Analyst Study on General Growth Properties Inc. and Developers Diversified Realty Corp. - Retail REITs in Good Shape Heading Into Holiday Season

JOHANNESBURG, SOUTH AFRICA--(Marketwire - November 19, 2010) - brings investors market knowledge on the aspects moving the REIT - retail stocks, and offers complete analytical research on companies like General Growth Properties Inc. (NYSE: GGP) and Developers Diversified Realty Corp. (NYSE: DDR). Register with today to gain full access to our complimentary research on these REIT - retail stocks.

Retail REITs benefited from improved fall retail sales and are in a good position heading into the earnings season. In addition to improved retail sales figures, a batch of new store openings and secondary stock openings from a few trusts provided a recent boost for the industry. is a specialized website where investors can have specific access to complimentary reports on REIT - retail industry; traders looking for analysis on General Growth Properties Inc., Developers Diversified Realty Corp. and other players in the industry are welcomed to sign up for free at

Retail sales (excluding vehicles, gas and building materials) were up 4.8% in September and 4.5% in October. The sales figures in combination with hundreds of new store openings around the country bode well for retail REITs as holiday spending is set to begin. Visit us at to understand the catalysts and forces driving or affecting companies in the REIT - retail industry.

A few struggling REITs recently used a secondary stock offering to generate capital and in one case, retail realtor General Growth Properties Inc. ended a 19 month bankruptcy run. The timing of the secondary offering suggests that retail REITs think the worst is behind them and that this holiday season is an ideal time to reinvest and prepare for a stronger 2011. Investors can register today at to download the full report on General Growth Properties Inc.

Overall, retail REITs are in far better shape than they were at this time last year. Improved fall sales figures and new store openings are positive factors working in favor of the industry. Strong capital gains in the 4th quarter could also better position REITs for investments and growth for the start of 2011.

Looking at earnings delivered so far by some of the key players in the industry, Developers Diversified Realty Corp. saw an improvement in its funds from operations (FFO) for Q3 2010 boosted by a drop in charges, gains on debt retirement and other one-time items. Not including one-time items the shopping center developer posted FFO of $63.2 million. Developers Diversified Realty saw a net loss of $24.9 million down from $148.4 million in the same quarter last year. Investors can access free research on Developers Diversified Realty Corp. now by signing up at

Conversely, General Growth Properties Inc. which posted its financial results a few days after Developers Diversified Realty Corp. saw net operating income of $581.8 million and a net loss of $231.2 million. The company's losses were mainly due to expenses associated with its bankruptcy reorganization.

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