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William Acheson, The Benchmark Company

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Latest Analyst Comments by William Acheson, The Benchmark Company
 

General Growth rejects rival's $10 billion offer (Honolulu Advertiser - Business) - Feb 17, 2010

William Ackman's Pershing Square Capital Management LP said in December that the company was undervalued and may be worth $23 to $43 a share "Given what this is going to give Simon, they can afford to pay more," said William Acheson, equity analyst at New York based Benchmark Co "They will have a lock on the best malls in the best markets in Boston, New York and some of the bigger California cities" 
Recent Research on Simon Property Group, Inc. (SPG)
Simon Property Group, Inc. (Moody's Global Credit Research)- Mar 09, 2010
more research
Share:  "Given what this is going to give <span class="company">Simon</span>, they can afford to pay more," said <span class="analyst">William Acheson</span>, equity analyst at New York based Benchmark Co "They will have a lock on the best malls in the best markets in Boston, New York and some of the bigger California cities" Tweet this 

Mall giant bids $10B for bankrupt rival, Faneuil Hall lease (Boston Herald - Business & Markets) - Feb 16, 2010

"Given what this is going to give Simon, they can afford to pay more," said William Acheson, equity analyst at New York based Benchmark Co "They will have a lock on the best malls in the best markets in Boston, New York and some of the bigger California cities" 
Share:  "Given what this is going to give <span class="company">Simon</span>, they can afford to pay more," said <span class="analyst">William Acheson</span>, equity analyst at New York based Benchmark Co "They will have a lock on the best malls in the best markets in Boston, New York and some of the bigger California cities" Tweet this 

General Growth Says Simon Offer Low, Invites Bidders (Bloomberg) - Feb 16, 2010

William Ackman's Pershing Square Capital Management LP said in December that the company was undervalued and may be worth $23 to $43 a share ‘Best Malls' "Given what this is going to give Simon, they can afford to pay more," said William Acheson , equity analyst at New York based Benchmark Co "They will have a lock on the best malls in the best markets in Boston, New York and some of the bigger California cities" 
Share:  ‘Best Malls' "Given what this is going to give <span class="company">Simon</span>, they can afford to pay more," said <span class="analyst">William Acheson</span> , equity analyst at New York based Benchmark Co "They will have a lock on the best malls in the best markets in Boston, New York and some of the bigger California cities" Tweet this 

Simon Property Group Makes $10 Billion Offer for General Growth Properties (Bloomberg) - Feb 16, 2010

‘Best Malls' "Given what this is going to give Simon, they can afford to pay more," said William Acheson , equity analyst at New York based Benchmark Co "They will have a lock on the best malls in the best markets in Boston, New York and some of the bigger California cities" 
Share:  ‘Best Malls' "Given what this is going to give <span class="company">Simon</span>, they can afford to pay more," said <span class="analyst">William Acheson</span> , equity analyst at New York based Benchmark Co "They will have a lock on the best malls in the best markets in Boston, New York and some of the bigger California cities" Tweet this 

Simon Property Results: Full Malls, but the Mall Rats are Nibbling Less (BNET - Retail) - Feb 16, 2010

These results added up to smiles on Wall Street Simon's predictions for funds from operations in 2010 beat Wall Street's estimates It sees them coming in from $572 per share to $587, while analysts had them pegged at $559, contributing to a tidy rally, with the stock up 5% "It beat the pants off my estimate," said William Acheson of Benchmark Co The company's stock rallied, rising more than five percent 
Share:  "It beat the pants off my estimate," said <span class="analyst">William Acheson</span> of Benchmark Co The company's stock rallied, rising more than five percent Tweet this 

Mall owner rings up a profit in quarter (Boston.com Top Business News) - Feb 05, 2010

Text size – + Indianapolis based shopping mall giant Simon Property Group Inc climbed the most in three months after fourth quarter profit and 2010 forecast exceeded analysts' estimates Simon had "a pretty darn good report,'' said William Acheson, equity analyst for New York's Benchmark Co Helping Simon's results was an increase in mall rents by about 14 percent and outlet rents by nearly 21 percent 
Share:  <span class="company">Simon</span> had "a pretty darn good report,'' said <span class="analyst">William Acheson</span>, equity analyst for New York's Benchmark Co Helping <span class="company">Simon</span>'s results was an increase in mall rents by about 14 percent and outlet rents by nearly 21 percent Tweet this 

Simon: We're not in negotiations With General Growth (DailyHerald.com - Business) - Feb 05, 2010

The company had "a pretty darn good report," said William Acheson, equity analyst for New York based Benchmark Co "It beat the pants off my estimate" Simon raised its average rent per square foot at both regional malls and outlet centers even as US consumer spending flagged Retail spending excluding automobiles fell 02 percent in December, while Simon said it raised mall rents about 14 percent and boosted outlet rents nearly 21 percent 
Share:  The company had "a pretty darn good report," said <span class="analyst">William Acheson</span>, equity analyst for New York based Benchmark Co "It beat the pants off my estimate" Tweet this 

Equity Residential (EQR) Upgraded To Buy (Benzinga) - Feb 04, 2010

Analyst William Acheson at Benchmark has upgraded Equity Residential (NYSE: EQR) to a Buy rating on stronger than expected showing in the fourth quarter. The company reported recurring FFOPS of $052 in the fourth quarter, which is ahead of Benchmark's estimate of $050 The company expects NOI to decline 4% this year According to Benchmark, this is well below current apartment REIT forecastsBenchmark 
Recent Research on Equity Residential (EQR)
Q3 2009 Equity Residential Earnings Conference Call (Thomson Street Events)- Oct 29, 2009
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Share:  Analyst <span class="analyst">William Acheson</span> at Benchmark has upgraded Equity Residential (NYSE: EQR) to a Buy rating on stronger than expected showing in the fourth quarter. Tweet this 

EQR Enjoys Better Pricing Power (Benzinga) - Feb 04, 2010

Analyst William Acheson of Benchmark upgrades Equity Residential (NYSE: EQR) to "buy," while raising his estimates for the company. The target price for EQR is set to $38 Equity Residential has reported its Q4 results ahead of the estimates 
Share:  Analyst <span class="analyst">William Acheson</span> of Benchmark upgrades Equity Residential (NYSE: EQR) to "buy," while raising his estimates for the company. Tweet this 

Regency Centers forecasts lower results in 2010 (Florida Times-Union) - Dec 07, 2009

But analysts who attended Regency's "Investor and Analyst Day" presentation in Atlanta last week came away with differing takes on the forecast. William Acheson of The Benchmark Co said in a research note that Regency "imparted a modestly more pessimistic outlook than we had been expecting," as the Jacksonville based shopping center developer predicted recurring funds from operations of $2.11 to $2.31 a share next year, down from $2.59 to $2.64 this year. Funds from operations, which measure earnings excluding depreciation and amortization expenses, are the key indicator analysts use to evaluate a real estate company's performance. Meanwhile, J.P. Morgan analyst Michael Mueller was already expecting the lower forecast and suggested that other analysts may have been too optimistic before the meeting. "We came away from the well attended meeting marginally more positive on the stock than we had been largely due to concerns about lofty Street expectations now being behind it," Mueller said in his note. 
Recent Research on Regency Centers Corporation (REG)
Regency Centers Corporation (Moody's Global Credit Research)- Dec 30, 2009
Q3 2009 Regency Centers Earnings Conference Call (Thomson Street Events)- Oct 30, 2009
Fitch REIT Report Quarterly (Fitch Research)- Oct 15, 2009
more research
Share:  <span class="analyst">William Acheson</span> of The Benchmark Co said in a research note that <span class="company">Regency</span> "imparted a modestly more pessimistic outlook than we had been expecting," as the Jacksonville based shopping center developer predicted recurring funds from operations of $2.11 to $2.31 a share next year, down from $2.59 to $2.64 this year. Tweet this 

High-End REIT Finds Success In Redevelopments (Investor''s Business Daily - Investing) - Oct 20, 2009

"The only concern I have right now is they have a higher end customer base," said analyst Bill Acheson of Benchmark Co. "If you pick any high end retailer, their numbers are down year over year. As opposed to someone like Wal Mart, (which) is up, so you can see where the customer is going." But there is an upside. The company's other niche is land redevelopment. Right now you can imagine how hard it is to get a company to set up shop in an undeveloped location, Acheson says. 
Share:  "The only concern I have right now is they have a higher end customer base," said analyst <span class="analyst">Bill Acheson</span> of Benchmark Co. "If you pick any high end retailer, their numbers are down year over year. Tweet this 

Federal Realty Investment Trust ( FRT ) is in a good niche — and a bad niche. The problem with the real estate investment trust is that it caters to high end retailers, and the market isn't hungry for that these days. "The only concern I have right now is they have a higher end customer base," said analyst Bill Acheson of Benchmark Co. "If you pick any high end retailer, their numbers are down year over year.  
Recent Research on Federal Realty Investment Trust (FRT)
Summary: Federal Realty Investment Trust (S&P Credit Research)- Dec 21, 2009
Federal Realty Investment Trust (Fitch Research)- Dec 17, 2009
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Share:  "The only concern I have right now is they have a higher end customer base," said analyst <span class="analyst">Bill Acheson</span> of Benchmark Co. "If you pick any high end retailer, their numbers are down year over year. Tweet this 

Jacksonville real estate companies rise despite second quarter losses (The Florida-Times Union - Business) - Aug 10, 2009

Funds from operations, which are basically earnings excluding depreciation and amortization expense, are considered a significant financial measure for real estate investment trusts like Regency. William Acheson, analyst at The Benchmark Co., said in a research note that Regency underestimated the impact of the recession on the tenants in its shopping centers. "Management was upfront and fairly humble [in its conference call] reviewing its failure to anticipate the sea change sweeping retail tenants, especially small local merchants," Acheson wrote. "We have the utmost respect for Regency management and their ability to weather the storm, but are maintaining our hold rating, and note that the stock appears fully priced," he said. 
Share:  <span class="analyst">William Acheson</span>, analyst at The Benchmark Co., said in a research note that <span class="company">Regency</span> underestimated the impact of the recession on the tenants in its shopping centers. Tweet this 

Regency Centers shares rise despite dividend cut (The Florida-Times Union - Business) - Apr 27, 2009

Basically, all of the negative news was pretty much expected by the market, so the late Monday announcement had little impact on the stock. Regency's stock had already fallen from $46.70 at the end of 2008 and from a 52 week high of $82.43 in September. "Given that its peers' operating performance should be at least as bad as Regency's, and that the market appears to be discounting this prospect, we are reluctant to downgrade the stock, so we maintain our hold rating," said William Acheson, analyst for The Benchmark Co., in a research note last week.  
Share:  "Given that its peers' operating performance should be at least as bad as <span class="company">Regency</span>'s, and that the market appears to be discounting this prospect, we are reluctant to downgrade the stock, so we maintain our hold rating," said <span class="analyst">William Acheson</span>, analyst for The Benchmark Co., in a research note last week. Tweet this 

ANALYST RATINGS: ANALYST RATINGS (Asbury Park Press) - Nov 04, 2008

APARTMENT INVESTMENT & MANAGEMEN (AIV) was downgraded to "hold" from "buy" by analyst Bill Acheson at The Benchmark Co. LLC.  
Recent Research on Apartment Investment & Management Co (AIV)
Summary: Apartment Investment and Management Co. (S&P Credit Research)- Nov 06, 2009
Fitch REIT Report Quarterly (Fitch Research)- Oct 15, 2009
more research
Share:  APARTMENT INVESTMENT & MANAGEMEN (<span class="company">AIV</span>) was downgraded to "hold" from "buy" by analyst <span class="analyst">Bill Acheson</span> at The Benchmark Co. LLC. Tweet this 

Bio
 

William Acheson

The Benchmark Company

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Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.
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William Acheson

About William Acheson:

William Acheson, is a Sell-Side analyst specializing in the coverage of REITs. His tenure on Wall Street in this capacity is 16 years, with senior analyst positions at Merrill Lynch, Smith Barney and Prudential. Most recently (May 19, 2008), he was selected by the Wall Street Journal as the #3 ranked real estate stock picker in the paper's Best on the Street report. In 2007, William was selected as the #2 ranked Apartment REIT analyst by Institutional Investor in the Use of Analyst category. William's specialty in the REIT arena includes Multi-Family, Student Housing, Manufactured Home, Shopping Center and Malls, with added experience in the Industrial and Office sectors.

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