GuruFocus Updates 12 May 2010 Featured No Comment

By 10qk. Reckson
Associates Realty Corp (RA) filed Quarterly Report for the period ended 2010-03-31.

Reckson
Associates Realty Corp has a market cap of $673.4 million; its shares were traded at around $12.27 with a P/E ratio of 53.3 and P/S ratio of 1.6. RA is in the portfolios of George Soros of Soros Fund Management LLC, Ron Baron of Baron Funds, John Keeley of Keeley Fund Management, Manning & Napier Advisors, Inc. Highlight of Business Operations: Freight revenue increased $11.1 million, or 14%, in the three months ended March 31, 2010, compared with the three months ended March 31, 2009, primarily due to negotiated rate increases, change in commodity mix and an increase in carloads of 5%. Non-freight revenue increased $2.4 million, or 14%, in the three months ended March 31, 2010, compared with the three months ended March 31, 2009, primarily due to increases in car storage fees and car repair revenue, partially offset by decreases in demurrage and car hire income. Read more » »