Compass Point Downgrades Trade Street Residential (TSRE) to Neutral
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Trade Street Residential (TSRE) Posts Q1 FFO of 10c/Share
May 11, 2015 9:08 AM EDTTrade Street Residential (NASDAQ: TSRE) reported Q1 FFO of $0.10, $0.01 worse than the analyst estimate of $0.11.
Same store net operating income, or same store NOI, increased 9.0% compared to the same period last year. Over the same period, same store revenues increased 3.7% and same store expenses... MoreIndependence Realty Trust (IRT) to Acquire Trade Street Residential (TSRE) for $7.60/Share
May 11, 2015 8:09 AM EDTIndependence Realty Trust, Inc. (IRT) (NYSE: IRT) and Trade Street Residential, Inc. (Trade Street) (NASDAQ: TSRE) jointly announced that IRT and TSRE have signed a definitive merger agreement pursuant to which IRT has agreed to acquire all of the outstanding common stock of Trade Street for a mix of cash and stock, creating a leading, regional market focused, multifamily REIT.
Under the terms of the definitive merger agreement, IRT will pay each Trade Street stockholder $3.80 in cash and 0.4108 of newly issued IRT common stock, subject to adjustment as... More
