Freitag sind die durch die Bank extremst gebeutelten
Real Investment Trust (REITS) durch die Decke gegangen.
Viele Werte haben, obwohl sie bis Ende Dezember 2008 und seit Beginn der US-Immokrise bis zu 80% an Marktkapitalisierung verloren haben, teilweise bis Anfang März 2009 noch mal 30-50% abgegeben.
Verrückte kranke shice.
Der führende US-Shopping Center Entwickler Kimco, ist am Freitag und nach einem
upgrade von sell auf hold durch S&P Analyst Robert McMillan,
mit +25,5% unter extrem hohem Volumen geradezu explodiert

und hat somit die gesamte REIT Branche nach oben gezogen.
Reit Index + 9.1 percent.
Man muss jedoch das Schlachthausniveau beachten .... Derzeit mit 2,5 Milliarden Dollar MK noch der grösste in der Branche (Bereich Shopping Center)
Kimco 9,40 + 25,50
Weingarten
11,33
Simon Properties 41,30
Boston Properties mit einem interssanten Chart
41,69
desgleichen AMB Properties
17,86
Pro Logis als weltweit grösster Logistic Space Entwickler und Betreiber dürfte auch wieder drehen . kommt von 60 Dollar !!!
Equity Residential 21,67
UPDATE 2-
Strong demand for Kimco shares raises REITs
Fri Apr 3, 2009 6:17pm EDT
* Strong demand prompts company to boost offering
* Shares rise 25.5 percent
* REIT Index up 9.1 percent.
By Ilaina Jonas
NEW YORK, April 3 (Reuters) -
Shares of shopping center owner Kimco Realty Corp KIM.N closed up 25.5 percent on Friday after strong demand for its stock offering prompted the company to increase the number of shares offered, lifting the badly beaten real estate investment trust (REIT) sector.
Kimco sold 91.5 million shares, up from the previously expected 70 million, after demand was stronger than expected. The shares were offered at $7.10 each.
After the close of the market, the company said its underwriters exercised an option to sell an additional 13.725 million shares, up from the previously planned 10.5 million over-allotment,
The credit crisis has pummeled REIT stocks, with investors concerned that the companies may not be able to refinance their sizable debts when they mature.
After falling 41.5 percent last year, the benchmark MSCI U.S. REIT Index .RMZ was down another 29.9 percent before Friday's pop of 9.1 percent.
"The market is seeing that the capital markets aren't closed," Raymond James analyst R.J. Milligan said. "It's a positive in the fact that investors are still willing to inject capital into REITS (real estate investment trusts).
All together, the offering is expected to net Kimco $717.3 million, to repay debt and for general corporate purposes.
Kimco shares rose $1.91 to close at $9.40 on the New York Stock Exchange, where they were among the top 10 percentage gainers. The company has a stake in about 1,950 properties in 45 U.S. states, Puerto Rico, Canada, Mexico and South America.
S&P analyst Robert McMillan raised his rating on Kimco shares to "hold" from "sell," early in the morning, based in part on the cash expected to be raised from the equity offering.
The optimism was contagious as shares of most property REITs rose.
Developers Diversified Realty CorpDDR.N closed at $2.71 cents, up 14.4 percent, or 34 cents. Macerich Co MAC.N closed up 22.4 percent, or $1.80 at $9.84. Pennsylvania Real Estate Investment Trust (PEI.N: Quote, Profile, Research, Stock Buzz) rose 18.4 percent, or 76 cents, to $4.90.
Boston Properties Inc BXP.N rose 12.4 percent, or $4.59 at $41.69 Federal Realty Investment Trust FRT.N rose $2 or 4.1 percent to close at $50.81. Simon Property Group Inc SPG.N rose 11.7 percent, or $4.33, to $41.30.
The net proceeds from the offering, along with its $394 million in cash and securities and about $1 billion available on its credit facility at the end of 2008, gives Kimco a leg up on meeting its $1.3 billion in debt maturities this year and next, McMillan said.
In the debt-constrained market, several other REITs such as AMB Property Corp (AMB.N: Quote, Profile, Research, Stock Buzz), Simon, and Alexandria Real Estate Equities Inc (ARE.N: Quote, Profile, Research, Stock Buzz) have issued stock to strengthen their balance sheets.
AMB rose 13.3 percent, or $2.09, to $17.86 and Alexandria closed up 8.7 percent, or $3.35, at $41.76. (Reporting by Ilaina Jonas; editing by Jeffrey Benkoe and Carol Bishopric)
© Thomson Reuters 2009.