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REIT Comments |
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07/23/2010
REITonAIM announces a new report on CommonWealth REIT
CWH $25
Office REIT
Ranking: BUY
CommonWealth REIT CWH name change to CommonWealth REIT highlights previous divestitures by HRPT Properties Trust
CWH divestiture of $565 million medical assets to Senior Housing Properties Trust provided capital for reinvestment, while IPO of subsidiary Government Properties Income Trust in June, 2009 added to both liquidity and valuation
CWH FFO decreased (4%) for the first quarter of 2010
CWH rent rolldowns of (2%) on new and renewed leases were offset by higher rents on existing leases
CWH dividends were slightly increased for the third quarter of 2010, adjusted for the 1:4 reverse stock split that accompanied the name change in July 2010
CWH an Office REIT
CWH we rank 2 BUY
CWH market cap $1.6 billion
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