Published 11 February 2007 Equity Office Properties Trust got a last-minute challenge to its privatisation proposal on Tuesday, took the Blackstone privatisation scheme to shareholders on Wednesday anyway and got 92% approval, and on Friday said the $US39 billion merger of the trust & its operating partnership with affiliates of Blackstone Real Estate Partners had […]
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Equity Office repositions in tougher times, isn’t forecasting
Published 5 November 2005 Equity Office Properties Trust turned round from a $US129 million net loss for the September quarter last year to a $US93.7 million profit this time, on revenue up 2.3% ($US16.7) million to $US738.6 million, but it’s not all go-forward for the biggest listed office building owner & manager in the US, […]
Read more →Equity Office goes shopping
Published: 10 July 2005 The biggest listed real estate investment trust in the US, Equity Office Properties, worked the reshaping of its portfolio hard in the2nd quarter, buying 80% of one new York building plus 15 others for a total $US791.7 million. The reit has a goal of selling $US2-3 billion of properties this year, […]
Read more →Equity Office shuffles portfolio
Published: 7 June 2005 The biggest US reit, Equity Office Properties Trust, is working the changing property market by selling blocks of noncore property to concentrate its investment in its top 17 markets. President & chief executive Richard Kincaid announced 9 sales & 2 acquisitions achieved in May. 6 of the buildings sold were owned […]
Read more →Equity Office has $US3 billion of property on market, looking to upgrade portfolio
Published: 1 May 2005 The biggest real estate investment trust in the US market, Equity Office Properties Trust, got a better-looking earnings/share after a change in accounting principle, but said first-quarter same-store sales actually fell 1.5%. Net income was down $US2.1 million until the accounting principle kicked in, cutting the 2004 result by $US33.7 million […]
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