UBS Research: Real Estate http://clientportal.ibb.ubs.com/portal/index.jsp?page=eqrschstockrschsector&IndCatCode=REA&MarketCode=GL&MarketCap=X> UBS Research: Real Estate en Copyright (C) UBS 2009. All rights reserved. eMarketing@ubs.com eMarketing@ubs.com Fri, 6 Nov 2009 Sat, 7 Nov 2009 60 http://clientportal.ibb.ubs.com/portal/index.jsp?page=eqrschrss http://research.ibb.ubs.com:80/images/logo.gif UBS http://www.ubs.com 160 44 <![CDATA[China Property "A mixed 2010 ahead, sector outlook downgrade to Neutral"]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uev51584|native|public Regions
  • Global

  • Asia

  • China

  • Asia Pacific

  • Asia Pacific Ex. JP


Sectors
  • Global Real Estate

  • Global Financial

  • Global Financial Services

  • Asian Real Estate

  • Chinese Real Estate

  • Asian Financial

  • Chinese Financial

  • Asian Financial Services

  • Chinese Financial Services

  • Asian Pacific Financial

  • Asian Pacific Financial Services

  • Asian Pacific Real Estate

  • Asian Pacific Ex. JP Financial

  • Asian Pacific Ex. JP Financial Services

  • Asian Pacific Ex. JP Real Estate


Companies
  • 0688.HK COLI

  • 2777.HK Guangzhou R&F

  • 3383.HK Agile Property

  • 0813.HK Shimao

  • 2007.HK Country Garden

  • 0410.HK SOHO China

  • 600048.SS Poly

  • 600383.SS Gemdale

  • 000002.SZ Vanke

  • 000024.SZ China Merchants Prop


Subjects
  • Industry Overview

  • Market Strategy / Comment

  • Morning Note

]]> Haiyun Zhang 0688.HK 2777.HK 3383.HK 0813.HK 2007.HK 0410.HK 600048.SS 600383.SS 000002.SZ 000024.SZ http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uev51584|native|public|20091106222157 Fri, 6 Nov 2009 <![CDATA[Goodman Prop Trust "1H10 result" (Neutral) Reynolds]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uet11439|native|public Regions
  • Global

  • Asia Pacific

  • Asia Pacific Ex. JP

  • New Zealand

  • Australasia


Sectors
  • Global Real Estate

  • Global Financial

  • Global Financial Services

  • Asian Pacific Financial

  • Asian Pacific Financial Services

  • Asian Pacific Real Estate

  • Asian Pacific Ex. JP Financial

  • Asian Pacific Ex. JP Financial Services

  • Asian Pacific Ex. JP Real Estate

  • New Zealand Real Estate

  • New Zealand Financial

  • New Zealand Financial Services

  • Australasian Financial

  • Australasian Financial Services

  • Australasian Real Estate


Companies
  • GMT.NZ Goodman Prop Trust


Subjects
  • Company Update

  • Morning Note

]]> Lance Reynolds GMT.NZ http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uet11439|native|public|20091106181228 Fri, 6 Nov 2009 <![CDATA[Kimco Realty "High Leverage, No Growth; Reiterate Sell" (Sell) McElroy]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez82293|native|public Regions
  • Global

  • Americas

  • United States

  • North America


Sectors
  • Global Real Estate

  • Global Financial

  • Global Financial Services

  • Americas Real Estate

  • US Real Estate

  • Americas Financial

  • US Financial

  • Americas Financial Services

  • US Financial Services

  • North American Financial

  • North American Financial Services

  • North American Real Estate


Companies
  • KIM.N Kimco Realty


Subjects
  • Company Update

  • Operating Results

  • Morning Note

]]> Christy McElroy KIM.N http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez82293|native|public|20091106143241 Fri, 6 Nov 2009 <![CDATA[Federal Realty "Growth Story Priced In" (Neutral) McElroy]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez82286|native|public Regions
  • Global

  • Americas

  • United States

  • North America


Sectors
  • Global Real Estate

  • Global Financial

  • Global Financial Services

  • Americas Real Estate

  • US Real Estate

  • Americas Financial

  • US Financial

  • Americas Financial Services

  • US Financial Services

  • North American Financial

  • North American Financial Services

  • North American Real Estate


Companies
  • FRT.N Federal Realty


Subjects
  • Company Update

  • Morning Note

]]> Christy McElroy FRT.N http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez82286|native|public|20091106135156 Fri, 6 Nov 2009 <![CDATA[Singapore Property "Confirmed Land Sales in line with forecasts " 06-Nov-2009]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uev51573|native|public Regions
  • Global

  • Asia

  • Singapore

  • Asia Pacific

  • Asia Pacific Ex. JP


Sectors
  • Global Real Estate

  • Global Financial

  • Global Financial Services

  • Asian Real Estate

  • Singaporean Real Estate

  • Asian Financial

  • Singaporean Financial

  • Asian Financial Services

  • Singaporean Financial Services

  • Asian Pacific Financial

  • Asian Pacific Financial Services

  • Asian Pacific Real Estate

  • Asian Pacific Ex. JP Financial

  • Asian Pacific Ex. JP Financial Services

  • Asian Pacific Ex. JP Real Estate


Companies
  • CATL.SI CapitaLand

  • AEMN.SI A-REIT

  • CACT.SI CapitaCommercial

  • CDLT.SI CDL Hospitality


Subjects
  • Industry Overview

  • Morning Note

]]> Regina Lim CATL.SI AEMN.SI CACT.SI CDLT.SI http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uev51573|native|public|20091106100823 Fri, 6 Nov 2009 <![CDATA[COLI "Safe and strong" (Buy) Zhang]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uev51565|native|public Regions
  • Global

  • Asia

  • China

  • Asia Pacific

  • Asia Pacific Ex. JP


Sectors
  • Global Real Estate

  • Global Financial

  • Global Financial Services

  • Asian Real Estate

  • Chinese Real Estate

  • Asian Financial

  • Chinese Financial

  • Asian Financial Services

  • Chinese Financial Services

  • Asian Pacific Financial

  • Asian Pacific Financial Services

  • Asian Pacific Real Estate

  • Asian Pacific Ex. JP Financial

  • Asian Pacific Ex. JP Financial Services

  • Asian Pacific Ex. JP Real Estate


Companies
  • 0688.HK COLI


Subjects
  • Company Update

  • Morning Note

]]> Haiyun Zhang 0688.HK http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uev51565|native|public|20091106060515 Fri, 6 Nov 2009 <![CDATA[Guangzhou R&F "Lacks financing flexibility, downgrade to Neutral" (Neutral)]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uev51563|native|public Regions
  • Global

  • Asia

  • China

  • Asia Pacific

  • Asia Pacific Ex. JP


Sectors
  • Global Real Estate

  • Global Financial

  • Global Financial Services

  • Asian Real Estate

  • Chinese Real Estate

  • Asian Financial

  • Chinese Financial

  • Asian Financial Services

  • Chinese Financial Services

  • Asian Pacific Financial

  • Asian Pacific Financial Services

  • Asian Pacific Real Estate

  • Asian Pacific Ex. JP Financial

  • Asian Pacific Ex. JP Financial Services

  • Asian Pacific Ex. JP Real Estate


Companies
  • 2777.HK Guangzhou R&F


Subjects
  • Change in Recommendation

  • Company Update

  • Morning Note

]]> Haiyun Zhang 2777.HK http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uev51563|native|public|20091106042431 Fri, 6 Nov 2009 <![CDATA[The REIT Appraisal "It's Time To Fix FFO!" 05-Nov-2009 Nussbaum]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez82250|native|public Regions
  • Global

  • Americas

  • United States

  • North America


Sectors
  • Global Real Estate

  • Global Financial

  • Global Financial Services

  • Americas Real Estate

  • US Real Estate

  • Americas Financial

  • US Financial

  • Americas Financial Services

  • US Financial Services

  • North American Financial

  • North American Financial Services

  • North American Real Estate


Companies
  • AVB.N AvalonBay

  • CLI.N Mack-Cali

  • EQR.N Equity Residential

  • SPG.N Simon Property

  • HCP.N HCP Inc.

  • HCN.N Health Care REIT

  • HR.N Healthcare Realty

  • NHP.N Nationwide Hlth Prop

  • OHI.N Omega Healthcare Inv

  • BRE.N BRE Properties

  • AMB.N AMB Property

  • AIV.N AIMCO

  • ESS.N Essex Property Trust

  • KIM.N Kimco Realty

  • KRC.N Kilroy Realty

  • PKY.N Parkway Properties

  • BDN.N Brandywine Realty

  • BXP.N Boston Properties

  • CPT.N Camden Property

  • MAC.N Macerich

  • TCO.N Taubman Centers

  • EGP.N EastGroup Properties

  • CBL.N CBL & Assoc. Prop.

  • VTR.N Ventas

  • SNH.N Senior Housing

  • PLD.N ProLogis

  • NNN.N National Retail

  • PPS.N Post Properties

  • UDR.N UDR

  • CLP.N Colonial Properties

  • FRT.N Federal Realty

  • REG.N Regency Centers

  • WRI.N Weingarten Realty

  • O.N Realty Income Corp

  • BPO.N Brookfield Prop.

  • SKT.N Tanger

  • EXR.N Extra Space Storage

  • PSA.N Public Storage

  • SLG.N SL Green Realty

  • MPW.N Medical Prop Trust

  • DEI.N Douglas Emmett

  • DCT.N DCT Industrial

  • YSI.N U-Store-It Trust

  • SSS.N Sovran Self Storage


Subjects
  • Industry Overview

  • Morning Note

]]> Ross T. Nussbaum AVB.N CLI.N EQR.N SPG.N HCP.N HCN.N HR.N NHP.N OHI.N BRE.N AMB.N AIV.N ESS.N KIM.N KRC.N PKY.N BDN.N BXP.N CPT.N MAC.N TCO.N EGP.N CBL.N VTR.N SNH.N PLD.N NNN.N PPS.N UDR.N CLP.N FRT.N REG.N WRI.N O.N BPO.N SKT.N EXR.N PSA.N SLG.N MPW.N DEI.N DCT.N YSI.N SSS.N http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez82250|native|public|20091106024744 Fri, 6 Nov 2009 <![CDATA[First Read: U-Store-It Trust "Focus on Expenses and Pricing Evident" (Neutral)]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez82242|native|public Regions
  • Global

  • Americas

  • United States

  • North America


Sectors
  • Global Real Estate

  • Global Financial

  • Global Financial Services

  • Americas Real Estate

  • US Real Estate

  • Americas Financial

  • US Financial

  • Americas Financial Services

  • US Financial Services

  • North American Financial

  • North American Financial Services

  • North American Real Estate


Companies
  • YSI.N U-Store-It Trust


Subjects
  • Company Update

  • Morning Note

]]> Christy McElroy YSI.N http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez82242|native|public|20091106014902 Fri, 6 Nov 2009 <![CDATA[First Read: Public Storage "Core Beat; Putting Capital to Work at 9%" (Buy)]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez82234|native|public Regions
  • Global

  • Americas

  • United States

  • North America


Sectors
  • Global Real Estate

  • Global Financial

  • Global Financial Services

  • Americas Real Estate

  • US Real Estate

  • Americas Financial

  • US Financial

  • Americas Financial Services

  • US Financial Services

  • North American Financial

  • North American Financial Services

  • North American Real Estate


Companies
  • PSA.N Public Storage


Subjects
  • Company Update

  • Morning Note

]]> Christy McElroy PSA.N http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez82234|native|public|20091106010832 Fri, 6 Nov 2009 <![CDATA[Senior Housing "Acquisitions Improve Diversification" (Neutral) Pizzo]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez82210|native|public Regions
  • Global

  • Americas

  • United States

  • North America


Sectors
  • Global Real Estate

  • Global Financial

  • Global Financial Services

  • Americas Real Estate

  • US Real Estate

  • Americas Financial

  • US Financial

  • Americas Financial Services

  • US Financial Services

  • North American Financial

  • North American Financial Services

  • North American Real Estate


Companies
  • SNH.N Senior Housing


Subjects
  • Company Update

  • Operating Results

  • Morning Note

]]> Dustin Pizzo, CFA SNH.N http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez82210|native|public|20091105200947 Thu, 5 Nov 2009 <![CDATA[Hufvudstaden "Strong Q309 - reiterate Buy" (Buy) Sandberg]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer69263|native|public Regions
  • Europe Including UK

  • Europe Ex. UK

  • Global

  • Sweden

  • Nordic

  • UBSW EMEA


Sectors
  • European Real Estate

  • European Ex. UK Real Estate

  • Global Real Estate

  • Swedish Real Estate

  • European Financial

  • European Ex. UK Financial

  • Global Financial

  • Swedish Financial

  • European Financial Services

  • European Ex. UK Financial Services

  • Global Financial Services

  • Swedish Financial Services

  • Nordic Financial

  • Nordic Financial Services

  • Nordic Real Estate


Companies
  • SHB.L Shaftesbury

  • HUFVa.ST Hufvudstaden

  • FABG.ST Fabege


Subjects
  • Company Update

  • Market Strategy / Comment

  • Operating Results

  • Smaller Capitalised Companies

  • Morning Note

]]> Albin Sandberg SHB.L HUFVa.ST FABG.ST http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer69263|native|public|20091105190451 Thu, 5 Nov 2009 <![CDATA[Sponda "Q309 in line but no clarity on tax issue" (Neutral) Sandberg]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer69247|native|public Regions
  • Europe Including UK

  • Europe Ex. UK

  • Finland

  • Global

  • Nordic

  • UBSW EMEA


Sectors
  • European Real Estate

  • European Ex. UK Real Estate

  • Finnish Real Estate

  • Global Real Estate

  • European Financial

  • European Ex. UK Financial

  • Finnish Financial

  • Global Financial

  • European Financial Services

  • European Ex. UK Financial Services

  • Finnish Financial Services

  • Global Financial Services

  • Nordic Financial

  • Nordic Financial Services

  • Nordic Real Estate


Companies
  • DLN.L Derwent London plc

  • UNBP.PA Unibail-Rodamco

  • GPOR.L Great Portland

  • HMSO.L Hammerson

  • LAND.L Land Secs

  • SGRO.L SEGRO

  • CAST.ST Castellum

  • LII.L Liberty Intl

  • SDA1V.HE Sponda

  • KLED.ST Kungsleden


Subjects
  • Market Strategy / Comment

  • Smaller Capitalised Companies

  • Morning Note

]]> Albin Sandberg DLN.L UNBP.PA GPOR.L HMSO.L LAND.L SGRO.L CAST.ST LII.L SDA1V.HE KLED.ST http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer69247|native|public|20091105163059 Thu, 5 Nov 2009 <![CDATA[NTT Urban Developm't "Mgmt revises down its full-term OP guidance by 49.1%"]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uew17750|native|public Regions
  • Global

  • Asia Pacific

  • Japan


Sectors
  • Global Real Estate

  • Global Financial

  • Global Financial Services

  • Japanese Real Estate

  • Japanese Financial

  • Japanese Financial Services


Companies
  • 8933.T NTT Urban Developm't


Subjects
  • Company Update

  • Operating Results

  • Morning Note

]]> Toshihiko Okino 8933.T http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uew17750|native|public|20091105154531 Thu, 5 Nov 2009 <![CDATA[Sumitomo Realty&Dev. "Mgmt maintains its full-term OP guidance" (Neutral) Okino]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uew17746|native|public Regions
  • Global

  • Asia Pacific

  • Japan


Sectors
  • Global Real Estate

  • Global Financial

  • Global Financial Services

  • Japanese Real Estate

  • Japanese Financial

  • Japanese Financial Services


Companies
  • 8830.T Sumitomo Realty&Dev.


Subjects
  • Company Update

  • Operating Results

  • Morning Note

]]> Toshihiko Okino 8830.T http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uew17746|native|public|20091105153051 Thu, 5 Nov 2009 <![CDATA[Country Garden "Return on leverage, downgrade to Neutral" (Neutral) Zhang]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uev51548|native|public Regions
  • Global

  • Asia

  • China

  • Asia Pacific

  • Asia Pacific Ex. JP


Sectors
  • Global Real Estate

  • Global Financial

  • Global Financial Services

  • Asian Real Estate

  • Chinese Real Estate

  • Asian Financial

  • Chinese Financial

  • Asian Financial Services

  • Chinese Financial Services

  • Asian Pacific Financial

  • Asian Pacific Financial Services

  • Asian Pacific Real Estate

  • Asian Pacific Ex. JP Financial

  • Asian Pacific Ex. JP Financial Services

  • Asian Pacific Ex. JP Real Estate


Companies
  • 2007.HK Country Garden


Subjects
  • Change in Recommendation

  • Company Update

  • Morning Note

]]> Haiyun Zhang 2007.HK http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uev51548|native|public|20091105145808 Thu, 5 Nov 2009 <![CDATA[LPN Development "Strong results, attractive valuation" (Buy) Panichkul]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uev51546|native|public Regions
  • Global

  • Emerging Markets

  • Asia

  • Thailand

  • Asia Pacific

  • Asia Pacific Ex. JP

  • Asia Emerging


Sectors
  • Global Real Estate

  • Global Financial

  • Global Financial Services

  • Asian Real Estate

  • Thai Real Estate

  • Asian Financial

  • Thai Financial

  • Asian Financial Services

  • Thai Financial Services

  • Asian Pacific Financial

  • Asian Pacific Financial Services

  • Asian Pacific Real Estate

  • Asian Pacific Ex. JP Financial

  • Asian Pacific Ex. JP Financial Services

  • Asian Pacific Ex. JP Real Estate

  • Asia Emerging Financial

  • Asia Emerging Financial Services

  • Asia Emerging Real Estate


Companies
  • LPN.BK LPN Development


Subjects
  • Company Update

  • Morning Note

]]> Piyanan Panichkul LPN.BK http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uev51546|native|public|20091105133554 Thu, 5 Nov 2009 <![CDATA[CBL & Assoc. Prop. "No Growth in Sight for Years" (Neutral) McElroy]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez82179|native|public Regions
  • Global

  • Americas

  • United States

  • North America


Sectors
  • Global Real Estate

  • Global Financial

  • Global Financial Services

  • Americas Real Estate

  • US Real Estate

  • Americas Financial

  • US Financial

  • Americas Financial Services

  • US Financial Services

  • North American Financial

  • North American Financial Services

  • North American Real Estate


Companies
  • CBL.N CBL & Assoc. Prop.


Subjects
  • Company Update

  • Operating Results

  • Morning Note

]]> Christy McElroy CBL.N http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez82179|native|public|20091105132619 Thu, 5 Nov 2009 <![CDATA[First Read: Macerich "Beat On Lease Term Fees" (Neutral) McElroy]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez82175|native|public Regions
  • Global

  • Americas

  • United States

  • North America


Sectors
  • Global Real Estate

  • Global Financial

  • Global Financial Services

  • Americas Real Estate

  • US Real Estate

  • Americas Financial

  • US Financial

  • Americas Financial Services

  • US Financial Services

  • North American Financial

  • North American Financial Services

  • North American Real Estate


Companies
  • MAC.N Macerich


Subjects
  • Company Update

  • Operating Results

  • Morning Note

]]> Christy McElroy MAC.N http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez82175|native|public|20091105130402 Thu, 5 Nov 2009 <![CDATA[First Read: SEGRO "Q3'09 - No skeletons in the Brixton closet" (Neutral) Wright]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer69234|native|public Regions
  • Europe Including UK

  • United Kingdom

  • Global

  • UBSW EMEA


Sectors
  • European Real Estate

  • British Real Estate

  • Global Real Estate

  • European Financial

  • British Financial

  • Global Financial

  • European Financial Services

  • British Financial Services

  • Global Financial Services


Companies
  • SGRO.L SEGRO


Subjects
  • Company Update

  • Morning Note

]]> Kim Wright, CFA SGRO.L http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer69234|native|public|20091105112824 Thu, 5 Nov 2009