Deutsche Bank Re-initiates Coverage on Post Properties (PPS) with a Sell
More News related to PPS
- Post Properties (PPS) Announces Departure of Wilkes; Teabo and Konas to Assume Duties
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- Post Properities (PPS) Reports Q3 FFO of $0.31, Beats by 6c; Guides
- Post Properties Announces Third Quarter 2009 Earnings
- Post Announces Date of Third Quarter 2009 Earnings Release and Conference Call
Deutsche Bank re-initiates coverage on Post Properties (NYSE: PPS) with a Sell.
Deutsche analyst says, "Near term liquidity improves but operational outlook remains soft PPS refinanced all 2009 maturities and 2010/11 appear manageable. However, the company's Debt / EBITDA multiple remains elevated as compared to other multi-family REITs and exposure to markets suffering from heavy financial services job losses is high (15% of 1Q SS NOI). As a result and with the shares trading at a premium to our forward EV estimate, we reinstate coverage with a Sell rating."
To see more analyst ratings on PPS Click Here.
Post Properties, Inc. is a self-administrated and self-managed equity real estate investment trust (REIT). The Company, along with its subsidiaries, develops, owns and manages upscale multi-family apartment communities in selected markets in the United States.
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