NorthStar reported adjusted funds from operations ("AFFO") for the third quarter 2010 of $0.15 per share compared with $0.25 per share for the third quarter 2009. AFFO for the third quarter 2010 was $12.3 million compared with $19.5 million for the third quarter 2009.
Net loss to common stockholders for the third quarter 2010 was $(144.1) million, or $(1.87) per share, compared to a net loss of $(66.5) million, or $(0.95) per share for the third quarter 2009. Realized gains totaled $26.8...
Shares of NorthStar Realty Finance Corp. (NYSE: NRF) are lower on the session by 2.03%, currently trading at $4.34. The stock has been moving largely higher over the past four months, trending higher above the 50-day and 200-day moving averages. Shares are seeing some resistance at $4.50.
Options traders are buying calls on the name today. A short while ago the December $5.00 call was purchased 1,000 times, on the offer, on open interest of 2,600 contracts.
Overall call volume is now...
Today’s Daily Angle comes from Wikinvest Wire member REITWrecks.com. You can read the full article on the REIT Wrecks blog.
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Whew! After a furious year of churning CMBS, repurchasing outstanding corporate debt and refinancing its [...]
Blogger David Phillips over at the 10Q Detective has done a nice write-up on NorthStar Realty Finance (NRF). NorthStar continues to perform well in the CRE mREIT space, but its stock price has been punished due to NRF's heavy reliance on access to the capital markets for sources of funding. NRF has two series of preferred shares outstanding and eight different TruPS issuances. With the very weak CDO market, NRF has been forced to turn to warehouse lines and commercial paper for funding,...