Please wait while we load the requested 10-Q report or click the link below:
https://last10k.com/sec-filings/report/1011174/000114420413042726/v351565_10q.htm
SEC Filings
BRE Annual Reports
10-K Annual Report February 2014
10-K Annual Report February 2013
10-K Annual Report February 2012
10-K Annual Report February 2011
10-K Annual Report February 2010
10-K Annual Report February 2009
10-K Annual Report February 2008
10-K Annual Report March 2007
10-K Annual Report March 2006
10-K Annual Report March 2005
10-K Annual Report February 2014
10-K Annual Report February 2013
10-K Annual Report February 2012
10-K Annual Report February 2011
10-K Annual Report February 2010
10-K Annual Report February 2009
10-K Annual Report February 2008
10-K Annual Report March 2007
10-K Annual Report March 2006
10-K Annual Report March 2005
BRE Quarterly Reports
BRE Corporate News
Bylaw Change
Change in Assets
Change in Control
Event for Officers
Financial Exhibit
Listing Status
Other Events
Regulated Disclosure
Security Holders Change April 2014
Financial Exhibit
Other Events
Vote of Security Holders March 2014
Financial Exhibit
Other Events March 2014
Financial Exhibit
New Agreement
Security Holders Change
Vote of Security Holders March 2014
Other Events March 2014
Other Events March 2014
Financial Exhibit
Other Events March 2014
Earnings Release
Financial Exhibit
Other Events February 2014
Financial Exhibit
Other Events January 2014
Financial Exhibit
New Agreement December 2013
Bylaw Change
Change in Assets
Change in Control
Event for Officers
Financial Exhibit
Listing Status
Other Events
Regulated Disclosure
Security Holders Change
Change in Assets
Change in Control
Event for Officers
Financial Exhibit
Listing Status
Other Events
Regulated Disclosure
Security Holders Change
April 2014
Financial Exhibit
Other Events
Vote of Security Holders
Other Events
Vote of Security Holders
March 2014
Financial Exhibit
Other Events
Other Events
March 2014
Financial Exhibit
New Agreement
Security Holders Change
Vote of Security Holders
New Agreement
Security Holders Change
Vote of Security Holders
March 2014
Other Events
March 2014
Other Events
March 2014
Financial Exhibit
Other Events
Other Events
March 2014
Earnings Release
Financial Exhibit
Other Events
Financial Exhibit
Other Events
February 2014
Financial Exhibit
Other Events
Other Events
January 2014
Financial Exhibit
New Agreement
New Agreement
December 2013
Last10K.com | 10-Q Quarterly Report Fri Aug 02 2013
Section 2: Ex-99.1 (Press Release of BRE Properties, Inc. Dated July 30, 2013)
BRE PROPERTIES REPORTS SECOND QUARTER 2013 RESULTS
2013 Core FFO Guidance Increased
July 30, 2013 (San Francisco) – BRE Properties, Inc. (NYSE:BRE), a leading owner, operator and developer of high-quality apartment communities in targeted growth markets in California and Seattle, today reported Core Funds From Operations (Core FFO) of $0.63 per share for the quarter ended June 30, 2013. The per share results reflect an increase of 6.8% over the comparable period in 2012. Core FFO is used to facilitate comparisons of the Company’s earnings results and excludes certain non-core items that by their nature are not comparable when comparing periods or earnings performance between periods. All per share results are reported on a fully diluted basis.
A reconciliation of FFO and Core FFO can be found in Exhibit B of the Company’s Supplemental Operating and Financial Data. During the quarters and six months ended June 30, 2013 and 2012 there were no reconciling differences between FFO and Core FFO.
Highlights
| · | Second quarter 2013 same-store revenues and net operating income (NOI) increased 4.7% and 7.1%, respectively, compared to the second quarter 2012. During the quarter, physical occupancy averaged 95.0%; annualized turnover was 64.5%; and average revenue per occupied home was $1,694. |
| · | Core FFO results of $0.63 per share for the second quarter compared to the previously provided Company guidance of $0.56 to $0.60 per share reflect: (1) solid same-store revenue growth; (2) a reduced level of same-store operating expenses (including a lower level of repairs and maintenance expense and the benefit of $1.0 million in same-store real estate tax refunds); (3) timing on certain G&A expenses (primarily legal related costs); and (4) the timing of community dispositions which closed in late June. |
| · | As previously reported, during the second quarter, BRE completed the sale of a wholly owned apartment community in Los Angeles, California for net proceeds of $46.8 million and the sale of an apartment community in Phoenix, Arizona in which the Company owned a 15% interest. Total net proceeds to BRE for the joint venture interest sale were $6.0 million. |
| · | The Company completed construction of Aviara, a 166-home community located on Mercer Island in Seattle, Washington. |
| · | Annual same-store guidance updated with the expectation that 2013 same-store revenues will increase in a range of 4.25% to 4.75% from 2012 levels, same-store expense will increase in a range of 1.75% to 2.50%, and same-store NOI will increase in a range of 5.0% to 6.0%. |
| · | 2013 Core FFO guidance updated to $2.44 to $2.50 per share. Third quarter guidance announced in a range of $0.62 to $0.65 per share. |
The following information was filed by Bre Properties Inc (BRE) on Wednesday, July 31, 2013 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.
View differences made from one quarter to another to evaluate Bre Properties Inc's financial trajectory
Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Bre Properties Inc.
Assess how Bre Properties Inc's management team is paid from their Annual Proxy
Bre Properties Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2013 10-K Annual Report includes:
- Voting Procedures
- Board Members
- Executive Team
- Salaries, Bonuses, Perks
- Peers / Competitors
SEC Filing Tools
Ticker: BRE
CIK: 1011174
Form Type: 10-Q Quarterly Report
Accession Number: 0001144204-13-042726
Submitted to the SEC: Fri Aug 02 2013 1:54:16 PM EST
Accepted by the SEC: Fri Aug 02 2013
Period: Sunday, June 30, 2013
Industry: Real Estate Investment Trusts
External Resources:
Stock Quote
Social Media
Bookmark the Permalink: https://last10k.com/sec-filings/bre/0001144204-13-042726.htm
SEC Filing Exhibit
PDF Download
Loading SEC Filing Exhibit...
Excel DownloadLoading SEC Filing Financial Summary...