Wells Fargo Securities
Blackstone Mortgage Trust Covers Dividend Third Straight Quarter as Platform Pivots Toward Data Centers and Net Lease
The $19.7 billion CRE lender posted a GAAP net loss but distributable earnings cleared the dividend hurdle, signaling that a portfolio reset built...
Northern California Carries Essex as Bay Area Tech Demand Outpaces Seattle, Los Angeles in Q1
The West Coast’s largest multifamily REIT beat expectations as cap rate compression and a $62 million stock buyback signaled a private-public valuation gap....
Rexford Industrial Posts Record 4.1MM SQFT Leasing Quarter as SoCal Industrial Market Searches for Bottom
The infill Southern California landlord raised full-year guidance and accelerated share buybacks even as re-leasing spreads turned negative and vacancy ticked higher across...
Essex Property Trust Taps Bond Market for $350MM to Refinance Maturing Debt
West Coast apartment REIT issues 11-year senior notes at nearly 5 percent as it manages upcoming debt maturities Essex Property Trust, one of...
Hudson Pacific Lists 19,000 SQFT Industrial/Flex Property in Hollywood for $9.5MM
Hudson Pacific Properties (NYSE: HPP) has placed a 19,021-square-foot industrial/flex building at 1034 Seward Street in Los Angeles’ Hollywood district on the market....
Hudson Pacific Properties Plans $600MM Raise in Major Equity Offering to Address Debt Challenges
The struggling West Coast office and studio REIT seeks to shore up finances amid continued market weakness Hudson Pacific Properties Inc. (NYSE: HPP)...
