CSG
Chambers Street PropertiesNYSE
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  • Dec. 17, 2015, 4:09 PM
    • The combined company - named Gramercy Property Trust and trading under the GPT symbol - inks a new senior unsecured credit facility consisting of an $850M revolver, a $300M three-year loan, and a $750M five-year loan. This facility replaces previous ones issued to Gramercy and Chambers Street (NYSE:CSG).
    • GPT gained 2.9% today, and CSG 3.5%.
    | Dec. 17, 2015, 4:09 PM | 1 Comment
  • Dec. 15, 2015, 4:07 PM
    • The merger proposal received 84.1% of the votes cast at the annual meeting, representing 56% of the CSG's stock.
    • Gramercy (NYSE:GPT) owners will receive 3.1898 shares of CSG for each share of GPT they own. The deal is expected to close on Thursday.
    | Dec. 15, 2015, 4:07 PM | 4 Comments
  • Nov. 23, 2015, 4:31 PM
    • Chambers Street Properties (NYSE:CSG) declares $0.0219/share monthly dividend. (pro-rated for Dec.1-Dec.16).
    • Forward yield 7.01%
    • Payable Dec. 22; for shareholders of record Dec. 16; ex-div Dec. 14.
    | Nov. 23, 2015, 4:31 PM
  • Nov. 13, 2015, 7:15 AM
    • The sale of 70 Hudson Street and 90 Hudson Street is expected to close in Q1.
    • At closing, CSG intends to prepay mortgage debt on 70 Hudson of about $112M and assign a loan of $102M to the buyer of 90 Hudson. Chambers has an option to prepay the 90 Hudson mortgage at closing, which would boost the total sales price by $5M.
    | Nov. 13, 2015, 7:15 AM | 1 Comment
  • Nov. 6, 2015, 6:33 AM
    • Chambers Street Properties (NYSE:CSG): Q3 EPS of $0.19 beats by $0.01.
    • Revenue of $71.63M (+5.1% Y/Y) beats by $0.22M.
    | Nov. 6, 2015, 6:33 AM
  • Nov. 4, 2015, 7:09 AM
    • Q3 adjusted FFO of $26.75M or $0.45 per share vs. $9.24M and $0.30 one year ago. Dividend is $0.22. Core FFO of $31.7M up from $25.9M in Q2.
    • Revenue of $65.2M up 21% from $54.1M in Q2.
    • Special meeting to vote on the Chambers Street (NYSE:CSG) merger is Dec. 15.
    • Four properties acquired during quarter for $111.5M at an 8% annualized straight-line cap rate. Two properties sold (one Life Time Fitness) for $70.1M.
    • Conference call at 2 ET
    • Previously: Gramercy Property Trust beats on revenue (Nov. 4)
    • GPT flat premarket
    | Nov. 4, 2015, 7:09 AM | 7 Comments
  • Oct. 20, 2015, 4:30 PM
    • Chambers Street Properties (NYSE:CSG) declares $0.0425/share monthly dividend, in line with previous.
    • Forward yield 7.14%
    • Payable Dec. 8; for shareholders of record Nov. 30; ex-div Nov. 25.
    | Oct. 20, 2015, 4:30 PM
  • Oct. 8, 2015, 8:35 AM
    • The company inks two new industrial leases totaling 329K square feet and two renewals totaling 187K square feet.
    • Leasing activity year-to-date is now up to nearly 2.3M square feet.
    | Oct. 8, 2015, 8:35 AM
  • Sep. 28, 2015, 7:32 AM
    • Pinellas Park is a 131.8K square foot industrial property 100% leased to a global importer and retailer of fine cigars and cigar accessories. Upon closing, the tenant inked a new 15-year lease expiring in 2030 with 2.5% annual rent increases.
    • The annualized straight-line cap rate is 8.3%. The purchase price was $11.1M.
    • The special meeting for voting on the Chambers Street Properties (NYSE:CSG) purchase is Dec. 15.
    | Sep. 28, 2015, 7:32 AM | 1 Comment
  • Sep. 21, 2015, 9:31 AM
    • Chambers Street (NYSE:CSG) inks a five-year lease extension with Raytheon for 602.8K square feet at Pacific Corporate Park near D.C., extending the lease expiration through 2026.
    • Also, FMC Corporation executed an early renewal and extension for all 110.8K square feet at CSG's Charles Ewing Blvd office properties. The lease was extended another six years for a fixed 15-year term expiring in 2030.
    • Another renewal brings the total for the three deals to 814.6K square feet.
    • Year-to-date leasing volume is now more than 1.7M square feet.
    • Gramercy Property Trust (NYSE:GPT) remains on track to close on its purchase of CSG by year-end.
    | Sep. 21, 2015, 9:31 AM | 2 Comments
  • Sep. 18, 2015, 7:05 AM
    • Chambers Street Properties (NYSE:CSG) declares $0.0425/share monthly dividend, in line with previous.
    • Forward yield 7.48%
    • Payable Nov. 9; for shareholders of record Oct. 30; ex-div Oct. 28.
    | Sep. 18, 2015, 7:05 AM
  • Aug. 11, 2015, 12:59 PM
    • The Fed may be determined to hike rates, but deflationary signals are everywhere, with Beijing the latest government to acknowledge such with its devaluation overnight.
    • Crude oil has taken out a new six-year low, tumbling another 4% to $43.15 per barrel, and copper's 3% decline has brought it to a fresh six-year low. The grains are all down by 2% or more, but gold is marginally higher.
    • The major U.S. averages are down more than 1%, and Europe fell 1.5% today.
    • The 10-year Treasury yield is lower by a full ten basis points to 2.13%.
    • Leading the heavily discounted mREIT sector higher are Annaly Capital (NLY +1.1%), American Capital Agency (AGNC +1.3%), CYS Investments (CYS +1.2%), New York Mortgage (NYMT +1.6%), Hatteras Financial (HTS +1.3%), Capstead (CMO +1%), Anworth (ANH +1.4%), Dynex Capital (DX +2.6%), and AG Mortgage (MITT +1.6%).
    • ETFs: MORL, REM, MORT, LMBS
    • In equity REITs: National Retail (NNN +1.2%), Equity Residential (EQR +1.5%), AvalonBay (AVB +1.2%), General Growth (GGP +1.9%), Kimco (KIM +1.4%), Whitestone REIT (WSR +2.9%), Washington Real Estate (WRE +1.2%), Hospitality Properties (HPT +2.3%), Chamber Street (CSG +1.1%).
    • ETFs: IYR, VNQ, DRN, URE, RQI, SCHH, ICF, SRS, RWR, RNP, JRS, KBWY, RFI, NRO, DRV, RIT, REK, RIF, FRI, FTY, PSR, DRA, FREL, WREI, IARAX
    | Aug. 11, 2015, 12:59 PM | 19 Comments
  • Aug. 6, 2015, 6:45 AM
    • Chambers Street Properties (NYSE:CSG): Q2 FFO of $0.19 beats by $0.01.
    • Revenue of $71.84M (+7.8% Y/Y) beats by $2.12M.
    | Aug. 6, 2015, 6:45 AM
  • Aug. 5, 2015, 8:52 AM
    • Q2 core FFO of $25.9M or $0.45 per share vs. $20.8M and $0.43 in Q1. Company had guided for core FFO per share of $0.43-$0.45. AFFO of $23M or $0.40 per share vs. $16.9M and $0.35. Dividend is $0.22.
    • The purchase of Chambers Street Properties (NYSE:CSG) remains on track to close in Q4.
    • 16 properties acquired during Q in four separate deals for total of $368.6M (includes Life Time Fitness). The initial cap rate was 6.6%; annualized straight-line cap rate of 7.6%.
    • Conference call at 2 ET
    • GPT flat premarket
    | Aug. 5, 2015, 8:52 AM
  • Aug. 4, 2015, 9:46 AM
    • The three renewals include 200K square feet with Nuance Communications in Burlington, MA, extending the lease through 2030. There's also an additional 12 years with Royal Caribbean Cruises for 128.5K square feet in Ft. Lauderdale, and another five years with Magna Exteriors for all 101K square feet at Fairforest VI in Spartanburg, SC.
    • CSG also completed a 47K square foot expansion with DNV GL at its 22535 Colonial Parkway property in Houston. A new 10-year lease began upon delivery for the expansion.
    | Aug. 4, 2015, 9:46 AM
  • Jul. 13, 2015, 8:08 AM
    | Jul. 13, 2015, 8:08 AM