REIT Companies Announce Second Quarter Financial Results - Research Report on Simon Property Group, Realty Income, Tanger, Hospitality Properties Trust, and Equity One

NEW YORK, August 13, 2013 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

Today, Analysts' Corner announced new research reports highlighting Simon Property Group Inc. (NYSE: SPG), Realty Income Corp. (NYSE: O), Tanger Factory Outlet Centers Inc. (NYSE: SKT), Hospitality Properties Trust (NYSE: HPT), and Equity One Inc. (NYSE: EQY). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Simon Property Group Inc. Research Report

On July 29, 2013, Simon Property Group Inc. (Simon Property Group) reported its financial results for Q2 2013. The Company posted revenue of $1.2 billion, up 4.1% YoY. Net income attributable to common stockholders was $339.9 million or $1.10 per diluted share, compared $215.4 million or $0.71 per diluted share in Q2 2012. Commenting on the results, Chairman and CEO, David Simon, said, "This was an excellent quarter for Simon Property Group, with strong financial and operational performance, the opening of two new Premium Outlet Centers, the groundbreaking for our second Premium Outlet in Canada, and the acquisition of a highly productive center. Our portfolio continued to deliver strong results in the quarter, with 5.9% growth in comparable property net operating income for our U.S. Malls and Premium Outlets. Based upon our results to date and expectations for the remainder of 2013, we are again increasing our 2013 guidance." The Full Research Report on Simon Property Group Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/cc10_SPG]

Realty Income Corp. Research Report

On July 25, 2013, Realty Income Corp. (Realty Income) reported its financial results for Q2 2013. Revenue increased 63.0%YoY to $184.3 million. Net income available to common stockholders was $44.2 million or $0.23 per diluted share, compared to $33.0 million or $0.25 per diluted share in Q2 2012. The Company reported that its FFO was $118.5 million, or $0.60 per diluted share, in Q2 2013, compared to $65.2 million, or $0.49 per diluted share, in Q2 2012. Commenting on the news, CEO Tom A. Lewis, said, "The key drivers in our second quarter operating results are: 1) $866 million in new acquisitions, during the first six months of this year, at an initial average lease yield of 7.0%; 2) the immediately accretive rental revenue from our acquisition of ARCT for $3.2 billion, completed in January 2013; and 3) the continued strength of our existing portfolio of properties." The Full Research Report on Realty Income Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/7f65_O]

Tanger Factory Outlet Centers Inc. Research Report

On July 30, 2013, Tanger Factory Outlet Centers Inc. (Tanger) reported its financial results for Q2 2013. Revenue increased 4.2% YoY to $91.0 million in Q2 2013. Net income available to common shareholders was $16.7 million or $0.18 per diluted share, compared to net income of $11.5 million or $0.12 per diluted share in Q2 2012. The Company reported that its FFO available to common shareholders was $42.5 million, or $0.43 per diluted share, in Q2 2013, compared to $38.6 million, or $0.39 per diluted share, in Q2 2012. Commenting on the results, President and CEO, Steven B. Tanger, said, "We are proud to have been able to deliver double digit FFO growth while maintaining a strong balance sheet.  This growth was driven both by solid internal performance, as evidenced by an increase in same center net operating income of 4.5% during the second quarter, and the incremental income in 2013 from the four new properties added to the portfolio last year." The Full Research Report on Tanger Factory Outlet Centers Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/05eb_SKT]

Hospitality Properties Trust Research Report

On August 6, 2013, Hospitality Properties Trust (Hospitality Properties Trust) reported its financial results for Q2 2013. Revenue increased 20.1% YoY to $412.3 million. Net income available for common shareholders was $37.3 million or $0.27 per share, compared to $27 million or $0.22 per share in Q2 2012. The Company reported that its FFO was $113.0 million, or $0.81 per share, in Q2 2013, compared to $91.2 million, or $0.74 per share, in Q2 2012. The Full Research Report on Hospitality Properties Trust - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/d200_HPT]

Equity One Inc. Research Report

On July 31, 2013, Equity One Inc. (Equity One) reported its financial results for Q2 2013. Revenue increased 10.0% YoY to $84.7 million. Net income attributable to the Company was $33.6 million or $0.28 per diluted share, compared to $2.3 million or $0.02 per diluted share in Q2 2012. The Company reported that its FFO was $36.8 million or $0.28 per diluted share in Q2 2013, compared to FFO of $34.3 million or $0.28 per diluted share in Q2 2012. Commenting on the results, CEO Jeff Olson, said, "We are very pleased with our results this quarter. Our upgraded portfolio has produced 3% or better same property NOI growth for four consecutive quarters, and our earnings growth is benefiting from our development and redevelopment projects, our acquisitions, and reductions in general and administrative expenses. We continue to make substantial progress on our capital recycling plan to dispose of non-core assets with approximately $253 million of properties currently sold or under executed contracts." The Full Research Report on Equity One Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/1293_EQY]

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