Research On Boston Prop, Cousin Prop, SL Green, CBL, Kimco (KIM, BXP, SLG, CUZ, CBL)

Goldman Sachs met senior executives at NAREIT’s Annual Convention and here is a small list as to what Goldman feels about the following companies.

Goldman Sachs gave Boston Properties, Inc. (NYSE: BXP) a Buy rating as it feels that Boston has a 95% leased portfolio and has cash balance of over $1.4 billion to meet its capital needs. Boston Properties, Inc. (NYSE: BXP) is currently trading at $67.05, fell by 0.61% ni the morning trading hours.

Cousins Properties Inc (NYSE: CUZ) was given a Neutral as Goldman expects that land sales will not be able to generate liquidity for CUZ in the near future. But Cousins Properties Inc (NYSE: CUZ) plans to gain scale in Texas and Carolina markets and focuses on its core commercial portfolio. CUZ declined 0.41% to $7.22.

SL Green Realty Corp. (NYSE: SLG) was also given a Neutral by Goldman as SLG requires investment to be made in opportunities available for SLG. SLG feels that mezzanine lending platform can offer equity ownership opportunities to the company. SLG is trading at $43.82, down 0.64%.

Goldman gave a Buy rating to CBL & Associates Properties, Inc. (NYSE: CBL) as CBL looks for a strategic partner that could help it to deleverage its balance sheet and expects positive same store sales in 2010. CBL is down 1.56% at $9.49.

Kimco Realty Corporation (NYSE: KIM) was also given a Buy as KIM focuses on reducing leverage and sell its non-core assets. KIM also looks for some acquisition opportunities to expand its asset management platform. KIM is up 0.86% at $12.92 in the morning trading hours.


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