Las Vegas Sands (LVS) Volitle on Asian Retail Chatter

February 13, 2013 11:09 AM EST Send to a Friend
Las Vegas Sands Corp. (NYSE: LVS) is seeing some upside on chatter they hired an advisor to monetize their Asian mall assets. Shares are up 0.75%, but fell from the initial pop.

The company discussed this idea on its recent Q4 conference call:

"I want to point out an asset of the company that we will continue to highlight, our retail mall business in Asia. We generated over $128 million in revenues. That's a 16.9% increase over the result from one year ago. Net operating income reached a record $110 million in the quarter. We believe our Asian retail mall assets are among the most valuable retail assets of their type in the world, and at cap rates with similar assets in Asia, could easily approach $9 billion to $10 billion in revenue. Eventual sale or monetization of those assets, which is an important component of our fundamental business strategy, will fill our coffers and allow us to greatly increase the return of capital to shareholders in the future.


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