Operating Results, Upcoming Financial Results, Credit Rating, and Acquisition - Analyst Notes on AvalonBay, Starwood Property Trust, Senior Housing Properties, Kimco Realty and Columbia Property Trust

NEW YORK, May 1, 2014 /PRNewswire/ --

Today, Analysts Review released its analysts' notes regarding AvalonBay Communities Inc (NYSE: AVB), Starwood Property Trust, Inc. (NYSE: STWD), Senior Housing Properties Trust (NYSE: SNH), Kimco Realty Corp (NYSE: KIM) and Columbia Property Trust Inc (NYSE: CXP). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/1880-100free.

AvalonBay Communities Inc Analyst Notes
On April 23, 2014, AvalonBay Communities Inc (AvalonBay) reported its Q1 2014 operating results. Net income reached $141.7 million or $1.09 per diluted share compared to $75.4 million or $0.63 per diluted share in Q1 2013. According to the Company, the robust results were attributed to the increase in Company's Net Operating Income (NOI) from newly developed and acquired communities, including those acquired as part of the Archstone acquisition, coupled with a decrease in expensed acquisition costs related to the Archstone acquisition. Funds from Operations attributable to common shareholders (FFO) reached $212.8 million compared with $93.5 million in Q1 2013. Tim Naughton, Chairman and CEO, said, "Looking ahead, we expect NOI from apartment homes being delivered for initial occupancy to be the primary driver of outsized FFO growth throughout the balance of the year." For Q2 2014, the Company expects EPS in the range of $1.46 to $1.50. The full analyst notes on AvalonBay are available to download free of charge at:


Starwood Property Trust, Inc. Analyst Notes
On April 15, 2014, Starwood Property Trust, Inc. (Starwood Property Trust) announced that the Company will release its Q1 2014 financial results on May 6, 2014, before the opening of trading on the New York Stock Exchange. The Company also informed that a conference call will be held on the same day at 10:00 a.m. ET to review quarterly performance, discuss recent events and conduct a question-and-answer session. Starwood Property Trust stated that the live webcast of the call, as well as its replay for 90 days, will be made available on the Company's website. The full analyst notes on Starwood Property Trust are available to download free of charge at:


Senior Housing Properties Trust Analyst Notes
On April 25, 2014, Senior Housing Properties Trust (Senior Housing Properties) announced that it will release its Q1 2014 financial results through a press release on May 2, 2014 before the New York Stock Exchange opens. The Company informed that it will also hold a conference call on the same day at 1:00 p.m. ET which will be hosted by David Hegarty, President and Chief Operating Officer, and Richard Doyle, CFO. Senior Housing Properties stated that a live audio webcast of the call, as well as its replay will be made available on the Company's website. The full analyst notes on Senior Housing Properties are available to download free of charge at:


Kimco Realty Corp Analyst Notes
On April 17, 2014, Kimco Realty Corp (Kimco Realty) reported that its 500 million of 3.2% senior unsecured notes due 2021 were assigned a credit rating of BBB+ by Fitch Ratings. According to the Company, the notes were priced at 99.8% of par, to yield 3.232% to maturity at a 105 bps spread to the benchmark Treasury. The Company intends to use the net proceeds for general corporate purposes including reducing borrowings under the revolving credit facility and pre-fund certain near-term debt maturities. The full analyst notes on Kimco Realty are available to download free of charge at:


Columbia Property Trust Inc Analyst Notes
On April 22, 2014, Columbia Property Trust Inc (Columbia Property Trust) announced its acquisition of 221 Main Street, a LEED Platinum Class-A office tower in San Francisco, California for a purchase price of $228.8 million. According to the Company, the acquisition is expected to increase the Company's leverage from 29.3% at end of the first quarter to approximately 31.5%. Nelson Mills, President, CEO and Director said, "Our 2014 objectives call for adding a growth layer of value-add and core-plus acquisitions in select primary markets to what we believe is one of the stronger office portfolios in the country. The acquisition of 221 Main Street meets these objectives and plays to our strengths by increasing an existing presence in San Francisco, providing an opportunity to leverage demonstrated leasing capabilities, and further concentrating the overall portfolio in CBD markets and multi-tenant office buildings." The full analyst notes on Columbia Property Trust are available to download free of charge at:


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