August 4, 1998
The following REITs are based in Southern California. The chart shows their closing prices as of July 31, their low and high share prices during the last year and their yield per share. *--* Ticker July 31 Southern California REITs symbol Exchange close Low** High** Alexander Haagen Properties* ACH AMEX 14.50 13.75 18.25 Alexandria Real Estate Equities ARE NYSE 28.44 24.06 34.56 American Residential INV NYSE 8.81 8.38 16.75 Investment Trust Angeles Mortgage ANM AMEX 18.00 15.00 19.
April 20, 1999
Shares of many real estate investment trusts jumped last week as investors returned to this long-neglected market sector. Here's how stocks of 28 Southland-based REITs performed last week, their 52-week high and low prices, and current dividend yields. Note that the yields are based on dividends paid over the last year and may not necessarily reflect what the REIT expects to pay going forward. *--* Ticker April 9 Monday Chg. since REIT symbol close close April 9 Low* IndyMac Mortgage NDE $11.
May 22, 2007 |
Diversifying its operations, Irvine-based Impac Mortgage Holdings Inc. said Monday that it would acquire the lending arms of Pinnacle Financial Corp. of Orlando, Fla., which has branches in 26 states. Impac said it would take over the leases on Pinnacle's offices, but gave no additional financial details. Pinnacle founders Douglas Long and Jeffrey Vratanina are to become managing directors of Impac Home Lending, a newly formed division.
May 26, 2006 |
In deal that may foreshadow a wave of consolidation among home lenders, the parent of Aames Home Loans said Thursday that it was being acquired by Accredited Home Lenders Holding Co. for $340 million in stock and cash. Aames Investment Corp., a 50-year-old Los Angeles fixture, and Accredited, a San Diego firm founded in 1990, specialize in loans to risky borrowers, charging higher interest and fees to compensate.
October 9, 1998 |
In another sign of trouble in the sub-prime lending industry, Impac Mortgage Holdings said Thursday it will delay payment of its third-quarter dividend and will not make a payout to shareholders for the fourth quarter. The Santa Ana Heights-based lender also said it expected to lose up to $22.9 million in the third quarter, which ended Sept. 30, because of the fall in market value of many of its holdings that it needs to liquidate. Analysts had expected the company to earn about $12 million.