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Monica Wolfe
Monica Wolfe
Articles (757) 

Rouse Properties Reports CEO and CFO Insider Buys

March 22, 2013 | About:

Rouse Properties (RSS) reported two insider trades this week. Both the CEO and CFO of the company added shares to their stake. On March 21, President and CEO Andrew Silberfein added 15,000 shares at $16.86 each for a total of $252,900. Silberfein now holds 189,548 shares. The last time Silberfein added shares was in August 2012; since he made that purchase the price per share has gone up 24.37%.

Andrew Silberfein has been the President and CEO of Rouse since January 2012. Prior to Rouse, Silberfein worked as the Executive Vice President of Forest City Ratner Companies, a real estate company serving the New York metropolitan area.

Also on March 21, CFO John Wain added 1,500 shares at $16.91 per share for a total of $25,365. Wain now owns 25,954 Rouse Properties shares.

Prior to Rouse, John Wain worked as a managing director and the head of real estate Americas at Credit Agricole Corporate and Investment Bank. Wain’s primary focus has been on structuring and negotiating secured and unsecured corporate real estate facilities and property level loans for public REITs, owners and developers.

Rouse Properties is a publicly traded real estate investment trust (REIT) headquartered in New York City. The company is one of the country’s largest regional mall owners; they own 32 malls in 19 states.

The company released a 2013 guidance which states:

Based on management’s expectation as of the date of this release, the Company is providing initial guidance for 2013 Core FFO in the range of $1.49 to $1.554 per diluted share for the year ending Dec. 31, 2013. Full year guidance assumes the following: same-property Core NOI growth of 1.75% to 2.5%, lease termination income of $0.1 million to $0.3 million, general and administrative expense of $20.4 million to $20.8 million, and net interest expense of $64.6 million to $65.5 million. The Company expects to update its annual guidance after each quarter’s results.

Rouse Properties is currently held by four gurus: Jim Simons (51,640 shares), Murray Stahl (7,871,192 shares), Louis Moore Bacon (750,000 shares) and Chuck Royce (606,620 shares).

With its shares up 2.93% today, Rouse Properties trades at $17.21.

For more information on Rouse Properties’ insider trading, look at Rouse Properties’ Insider Trade History.

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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