BRE Properties, Inc.
 (BRE)

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BRE is defunct.
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  • Apr. 1, 2014, 5:38 PM
    | Apr. 1, 2014, 5:38 PM | 1 Comment
  • Apr. 1, 2014, 4:15 PM
    • The combined company has an equity market cap of about $11.1B and a total market cap of $16.2B. BRE Properties shareholders have received 0.2971 newly issued shares of Essex (ESS) common stock and $7.18 in cash - $58.87 at today's closing price. The cash consideration was adjusted to reflect the authorization of a $5.15 per share special distribution to BRE shareholders.
    • BRE is up 3.7% AH to $63.25. Essex is off 1.5% to $171.40.
    • Essex anticipates the deal with be accretive to core FFO per share of about $0.05-$0.08 annually.
    | Apr. 1, 2014, 4:15 PM
  • Mar. 26, 2014, 5:35 PM
    • Essex Property Trust (ESS) +2.2% AH on news it will replace Cliffs Natural Resources (CLF) in the S&P 500 after the close of trading April 1.
    • CLF will move down to the S&P MidCap 400, replacing ESS.
    • FEI Co. (FEIC) will replace BRE Properties (BRE), which is being acquired by Essex, in the MidCap 400, and Fabrinet (FN) will replace FEI in the S&P SmallCap 600.
    • Also, Albany Molecular Research (AMRI) will replace Supertex (SUPX), which is being acquired, in the SmallCap 600.
    • AMRI +4.2%, FEIC +2%, FN +1.5%, CLF -1.3% AH.
    | Mar. 26, 2014, 5:35 PM
  • Dec. 4, 2013, 5:37 PM
    • Top Gainers, as of 5:15 p.m.: PBYI +10.4%. KFY +4.4%. ZLC +3.9%. PMC +3.3%. CPT +2.9%.
    • Top Losers, as of 5:15 p.m.: WTSL -15.7%. SNPS -4.4%. BRE -3.9%. ARO -3.8%. ASGN -3.5%.
    | Dec. 4, 2013, 5:37 PM
  • Dec. 4, 2013, 12:46 PM

     

    | Dec. 4, 2013, 12:46 PM | 2 Comments
  • Dec. 4, 2013, 10:59 AM
    • Essex Property's (ESS -2.4%) offer for BRE Properties (BRE +13.3%) is higher than a rejected $60 bid from Land & Buildings earlier this year, reports Bloomberg, citing two sources. BRE has been working with Wells Fargo to explore strategic options, including a sale. Essex plans to pay for the purchase with bank financing, a stock offering, and the sale of assets.
    • It's been a busy deal year in the REIT sector, with $78B of acquisitions YTD, up 41% from 2012.
    • BRE's currently trading at $60.50.
    • Earlier coverage
    | Dec. 4, 2013, 10:59 AM | 1 Comment
  • Dec. 4, 2013, 10:17 AM
    • A check of other multi-family REITs amid news of a $5B bid for BRE Properties (BRE +12.8%) by Essex (ESS -1.8%).
    • Equity Residential (EQR +2.2%), AvalonBay (AVB +2.5%), UDR (UDR +2.5%), Apartment Investment and Management (AIV +4%), Camden (CPT +3.2%), Home Properties (HME +3.3%), Mid-America (MAA +1.7%), Post (PPS +4.7%).
    | Dec. 4, 2013, 10:17 AM
  • Dec. 4, 2013, 10:11 AM
    • The apartment REIT sector may see some M&A action as Essex Property Trust (ESS -1.8%) has offered to purchase BRE Properties (BRE +10.6%) for about $5B, reports Bloomberg.
    | Dec. 4, 2013, 10:11 AM
  • Jul. 31, 2013, 9:12 AM
    | Jul. 31, 2013, 9:12 AM
  • May 6, 2011, 9:00 AM

    Premarket gainers: DMD +17%. RBS +7%. LLNW +5%. SIFY +5%. ARMH +5%. TTM +5%. PWER +4%. MCP +3%. MTL +3%. SINA +3%. BHP +3%. MG +3%.
    Losers: OMPI -30%. CTIC -10%. BRE -4%. ABAT -4%. ALU -4%. ARE -4%. SD -3%. TITN -3%. ASX -3%.

    | May 6, 2011, 9:00 AM | 1 Comment
Company Description
BRE Properties, Inc., is a real estate investment trust. The Company develops, acquires, and manages multifamily apartment communities located in the metropolitan markets within the State of California, Seattle, and Washington region.
Sector: Financial
Country: United States