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Industry Discussions / Real Estate Inv. Trusts: REITs
|Subject: CWH Earnings and much more..||Date: 2/25/2013 7:40 AM|
|Author: JoKingMe||Number: 73746 of 77882|
CWH is issuing 27,000,000 shares and repurchasing debt. All press releases available at: http://www.cwhreit.com/
Newton, MA (BUSINESS WIRE): CommonWealth REIT (NYSE: CWH) today announced financial results for the quarter and year ended December 31, 2012.
Results for the Quarter Ended December 31, 2012:
Normalized funds from operations, or Normalized FFO, available for CommonWealth REIT common shareholders for the quarter ended December 31, 2012 was $68.7 million, or $0.82 per share basic and diluted, compared to Normalized FFO available for CommonWealth REIT common shareholders for the quarter ended December 31, 2011 of $63.8 million, or $0.76 per share basic and diluted.
Net (loss) income available for CommonWealth REIT common shareholders was ($163.9) million for the quarter ended December 31, 2012, compared to $1.1 million for the same quarter last year. Net (loss) income available for CommonWealth REIT common shareholders per share, basic and diluted (EPS), for the quarters ended December 31, 2012 and 2011 was ($1.96) and $0.01, respectively. Net loss for the quarter ended December 31, 2012 includes a loss on asset impairment of $168.6 million, or $2.01 per share, partially offset by a gain of $7.2 million, or $0.09 per share, from the issuance of shares by an equity investee...........
Newton, MA (BUSINESS WIRE): CommonWealth REIT (NYSE: CWH) today announced it has commenced a public offering of 27,000,000 common shares. CWH expects that the underwriters will also be granted a 30-day option to purchase up to an additional 4,050,000 common shares.........
Newton, MA - BUSINESS WIRE - CommonWealth REIT ("CommonWealth") (NYSE: CWH) today announced that it has commenced a tender offer to purchase for cash up to $450,000,000 of the outstanding principal amount of the respective debt securities listed in the table below.
The tender offer consists of an offer (the "Offer") which is being made upon the terms and subject to the conditions set forth in an offer to purchase and related letter of transmittal, dated February 25, 2013, to purchase up to $450,000,000 aggregate principal amount of the 5.75% Senior Notes due February 15, 2014, 6.40% Senior Notes due February 15, 2015, 5.75% Senior Notes due November 1, 2015 and 6.25% Senior Notes due August 15, 2016, all listed below ("the Senior Notes"). CommonWealth refers investors to the tender offer documents for the complete terms of the Offer...........
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