BTB Real Estate Investment Trust (OTC:BTBIF) Q1 2024 Earnings Conference Call May 7, 2024 9:00 AM ET Company Participants Michel Leonard – President and CEOBruno Meunier – Vice President of OperationsCharles Dorais Bedard – Senior Finance DirectorStephanie Leonard – Head of Leasing for BTB Conference Call Participants Matt Kornack – National Bank FinancialSumaya Syed –…
Boardwalk Real Estate Investment Trust (OTCPK:BOWFF) Q1 2024 Earnings Conference Call May 8, 2024 1:00 PM ET Company Participants Eric Bowers – Vice President-Finance & Investor RelationsSam Kolias – Chief Executive OfficerSamantha Kolias-Gunn – Senior Vice President-Corporate Development and GovernanceLisa Smandych – Chief Financial OfficerJames Ha – President Conference Call Participants Jonathan Kelcher – TD…
Morguard Real Estate Investment Trust (OTC:MGRUF) Q1 2024 Earnings Conference Call May 2, 2024 4:00 PM ET Company Participants Andrew Tamlin – Chief Financial Officer Conference Call Participants Jonathan Kelcher – TD SecuritiesTom Callaghan – RBC Capital Markets Operator Good afternoon, ladies and gentlemen, and welcome to the Morguard Real Estate Investment Trust 2024 First…
Primaris Real Estate Investment Trust (OTC:PMREF) Q1 2024 Earnings Conference Call May 2, 2024 8:30 AM ET Company Participants Alex Avery – Chief Executive OfficerPat Sullivan – President, Chief Operating Officer Rags Davloor – Chief Financial Officer Leslie Buist – Senior Vice President, Finance Morde Bobrowsky – Senior Vice President, Legal Graham Procter – Senior…
CHUNYIP WONG/iStock via Getty Images Introduction After discussing Warehouses De Pauw (OTCPK:WDPSF) here on Seeking Alpha, I wanted to have a closer look at other European REITs that are flying under the radar. Montea Comm. VA (OTCPK:MONSF) also is a Belgian REIT focusing on warehouse and logistics properties, which are predominantly located in Belgium and…
Choice Properties Real Estate Investment Trust (OTC:PPRQF) Q1 2024 Earnings Call Transcript April 25, 2024 9:00 AM ET Company Participants Erin Johnston – Senior Vice President-FinanceRael Diamond – President and Chief Executive OfficerNiall Collins – Chief Operating OfficerMario Barrafato – Chief Financial Officer Conference Call Participants Mark Rothschild – CanaccordMike Markidis – BMO Capital MarketsLorne…
deepblue4you An ongoing debate in the world of real estate is whether to invest in public or private real estate. We have written on this topic before, but it is time for an updated thesis because of the sharp contrast in opportunity between the modes of investment. Specifically, one is about 20% cheaper than the…
EschCollection Summer last year, I wrote a bullish article on Alexandria Real Estate Equities, Inc. (NYSE:ARE), where I upgraded the stock to buy due to the combination of the following aspects: Historically depressed P/FFO multiple. Strong like-for-like performance with no signs of deterioration going forward. Robust balance sheet, where the embedded structure of borrowings shields…
Megapixel8 While 2023 was challenging for US commercial real estate (CRE) investors, we believe that it’s “off the floor in 2024,” with real estate poised to start its price recovery sometime in the second half of the year. Think of it as a chain reaction, which starts with fed fund rate reductions. That should help…
Nirian Investment Thesis Vanguard Global ex-U.S. Real Estate ETF (NASDAQ:VNQI) is a sell due to poor macro-level prospects for international real estate investment holdings. While the fund has a low expense ratio, substantial dividend yield, and a high amount of diversification, its poor performance has negated these positive qualities. Looking forward, investors will likely see…
winhorse/iStock Unreleased via Getty Images Elevator Pitch Wharf Real Estate Investment Company Limited (OTCPK:WRFRF) [1997:HK] or Wharf REIC is rated as a Buy. Wharf REIC calls itself “one of the largest real estate companies in Hong Kong” with “flagship properties” like “Harbour City” on its corporate website. Harbour City, Hong Kong’s biggest retail mall, accounted…
Phillip Spears/DigitalVision via Getty Images Last week, I explained why I stopped buying real estate to buy real estate investment trusts, or REITs, instead. I recommend that you read the whole article, but in short, REITs (VNQ) are today a lot cheaper than private real estate. They also give you the benefits of leverage with…
Bridgemarq Real Estate Services Inc. (OTCPK:BREUF) Q4 2023 Results Conference Call March 28, 2024 10:00 AM ET Company Participants Phil Soper – President and CEOGlen McMillan – Chief Financial Officer Operator Good morning. My name is Joanna. And I would like to welcome everyone to the Bridgemarq Real Estate Services Inc. 2023 Fourth Quarter Results…
imaginima Industrial real estate has been red hot for the past 4 years with demand growth skyrocketing as companies clamor to earn superiority in logistics. In 2022 and 2023, the demand boom started to be matched by equally ambitious development of new warehouses. With the strong demand absorbing the new supply the sector is overall…
Feverpitched I have been in real estate quite literally my entire life. I was born into a family of real estate professionals. We moved to France when I was 5 due to my father’s real estate ventures, and I grew up visiting countless construction sites with him. Eventually, I went to university to study Finance…
Kelvin Cheng/iStock Editorial via Getty Images Article Thesis Alexandria Real Estate Equities, Inc. (NYSE:ARE) is a quality real estate investment trust that trades at an undemanding valuation while delivering compelling business growth and offering a solid income yield. At current prices, the REIT is an attractive income and value play. Overview Alexandria Real Estate Equities…
Feverpitched/iStock via Getty Images The National Association of Realtors or “NAR” just announced a $418 million settlement in a deal that is supposed to “spare” home sellers from automatic commission to the buyer’s agent. This news seemed to get lots of publicity but in reality, I believe it is much ado about nothing. First of…
igoriss Automotive Properties REIT (OTC:APPTF) (TSX:APR.UN:CA) is a Vancouver-based Canadian automotive REIT with 77 income-producing automotive dealerships across Canadian urban centers (as of Dec 31, 2023). Recently the REIT has added a few new properties to its portfolio that have been accretive to its growth. I’m bullish on its prospects as Automotive Properties REIT grows…
Chips, Cash and Dice VITALII BORKOVSKYI Canterbury Park Holding Corporation (NASDAQ:CPHC) has begun monetizing the valuable real estate surrounding their race track & casino with significant land sales and equity investments in related partnerships. The stock price is at $21.52 per share which reveals a current market cap of $105 million. Investors can purchase this…
Dream Office Real Estate Investment Trust (OTC:DRETF) Q4 2023 Earnings Conference Call February 15, 2024 5:00 PM ET Company Participants Michael Cooper – Chair, Chief Executive Officer Gordon Wadley – Chief Operating Officer Jay Jiang – Chief Financial Officer Conference Call Participants Lorne Kalmar – Desjardins Mario Saric – Scotiabank Pammi Bir – RBC Capital…
Introduction We live in a highly digitalized world, but most of humanity still uses physical goods to store value. The most used store of value in the world is real estate. It is estimated that approximately 67% of global wealth is held in property. Recently, however, macroeconomic and geopolitical headwinds have highlighted the weaknesses of…
Richard Darko/iStock via Getty Images Co-produced by Austin Rogers. In the post-pandemic years of 2021 through 2023, commercial real estate (with the exception of the office sector) enjoyed an almost uniformly strong environment characterized by rising occupancy and strong rent growth. At the tip of the pyramid in terms of strength is industrial real estate….
Wirestock/iStock via Getty Images The article looks at Australia’s three key investment markets to find lucrative opportunities. The three key investment markets in Australia are stocks, bonds, and real estate. The course of each is shown graphically in the charts below. Stocks Trading Economics dot com Stocks have been trading in the same range since…
utah778 Dear Baron Real Estate Income Fund Shareholder: Performance Baron Real Estate Income Fund® (MUTF:BRIFX, MUTF:BRIIX, MUTF:BRIUX) (the Fund) generated strong performance in 2023, gaining 15.51% (Institutional Shares) for the year ended December 31, 2023. The Fund’s 15.51% gain in 2023 exceeded the performance of the MSCI US REIT Index (the REIT Index), which rose…
xavierarnau By Andrea Deghi, Financial Sector Expert, Global Financial Stability Analysis Division, IMF’s Monetary and Capital Markets Department; Fabio M. Natalucci, Deputy Director, Monetary and Capital Markets Department; and Mahvash S. Qureshi, Assistant Director and Division Chief, IMF’s Monetary and Capital Markets Department The commercial real estate sector has been under intense pressure globally as…
skynesher Some investments, particularly those in high quality companies, can pay off rather fast. As an example, I need only look at a well-known REIT called Alexandria Real Estate Equities, Inc. (NYSE:ARE). This is a very specific type of REIT because it specializes in owning real estate dedicated to the life sciences space. Unlike the…
JuSun Buying rental properties a common way to invest in real estate, and one way that many mom and pop investors use to measure investment returns from real property is to take the annual rental amount divided by the purchase price. While this ratio may be higher than the dividend yield of some REITs, it’s…
francois-roux/iStock Editorial via Getty Images KKR Real Estate Finance (NYSE:KREF) is swapping hands at a 14% discount to book value per share of $16.29 as of the end of its fiscal 2023 third quarter. This discount has tightened materially from 28% since I last covered the mortgage REIT whose most recent quarterly cash dividend of…
Marlon Trottmann The fact that real estate services companies Jones Lang LaSalle (NYSE:JLL) and CBRE Group (CBRE) came close to matching the S&P 500 index (SPY) performance this year, despite the massive headwinds in the industry, shows the power of having a robust business model and a low starting valuation. We believe this is quite…
airdone The healthcare sector is chock-full of lucrative opportunities ranging from highly speculative biotech plays to blue-chip dividend aristocrats. I have an interest in the full spectrum of healthcare tickers and have a curiosity about every industry in the sector attempting to find every possible linkage to the highly profitable sector. However, I have ventured…
Relai, a Swiss Bitcoin exchange, has disclosed with Bitcoin Magazine that a staggering 75% of its Over-The-Counter (OTC) revenue in the final quarter of 2023 stemmed from private clients diverting proceeds from real estate sales into Bitcoin, showcasing a seismic shift in investment strategies among investors. The surge is a response to the real estate market’s…
A scientist looks into a microscope. Solskin Readers who have followed me for a while know that I am at least partially oriented toward value investing. That is because I believe there is significant money that can be made by buying quality businesses while they are out of favor. That’s due to both a higher…
I’ll start by making a statement that is probably already known to many, especially bitcoiners: money is a form of energy. We expend energy to do work. Then, an agreed-upon form of remuneration that is commensurate with the amount of work put in is earned. The energy spent on that endeavor has now been converted…
onurdongel Let’s face it: Real Estate (NYSEARCA:XLRE) has had a tough year. Underperforming the indices by more than 16.5% YTD, the sector has been beaten down due to a higher rate environment, concerns around commercial real estate (mostly offices), and reversion from a strong cyclical swing seen in years’ past: TradingView However, despite the fact…
Feverpitched Overview Vanguard Real Estate ETF (NYSEARCA:VNQ) is a fund that primarily invests in the public equity markets of the United States, focusing on companies within the REITs (real estate investment trusts) sector. It pursues a strategy of investing in both growth and value stocks across diverse market capitalizations. Launched on May 13, 1996, Vanguard…
hapabapa Introduction When it comes to investing in real estate, I really like a number of areas, including self-storage, residential, and industrial real estate. Offices, I don’t like so much. As we will discuss in this article, the office real estate segment continues to be a minefield of risks. Supply risks are an issue, rising…
PeopleImages/E+ via Getty Images Main Thesis / Background The purpose of this article is to evaluate the iShares U.S. Real Estate ETF (NYSEARCA:IYR) as an investment option at its current market price. This is a passive sector fund that invests in REITs with the objective “to track the investment results of an index composed of…
Pipat Yapathanasap/iStock via Getty Images Chicago Atlantic Real Estate Finance (NASDAQ:REFI) is the slightly larger cannabis mortgage REIT versus peer AFC Gamma (AFCG). Its focus on cannabis credit has meant a multi-layered risk profile from both rising interest rates over the last 2 years and concentration in a single industry that has seen intense headwinds…
bin kontan Global commercial real estate valuations have been falling since the beginning of the year as rising rates have driven rapid cap-rate expansion. Operating fundamentals remain stable for most property sectors, the unprecedented pace of rate hikes has had an unsettling effect on the macro level for commercial property. REITs can serve as a…
nuttapong punna Much of the reporting on the health of real estate comes from the lens of transactions. Sentiment on real estate is often related to volume of transactions rather than operations. Presently, transaction volume is very low which is resulting in equally low sentiment on real estate. I want to make a distinction between…
Elhenyo/E+ via Getty Images Co-authored by Treading Softly. I know that not everyone enjoys going to the great outdoors and hunting, fishing, hiking, or camping. Yet, even if you haven’t experienced it, I’m sure you can imagine using a net to catch a large amount of fish. You understand that at times, to pull that…
BSR Real Estate Investment Trust (OTCPK:BSRTF) Q3 2023 Earnings Conference Call November 9, 2023 ET Company Participants Daniel Oberste – President and CEO Susie Rosenbaum – COO Conference Call Participants Gaurav Mathur – Laurentian Bank Jonathan Kelcher – TD Securities Sairam Srinivas – Cormark Securities Kyle Stanley – Desjardins Michael Markidis – BMO Capital Markets…
Introduction People used to own real estate because of its utility value, which is characterised by the fact that you can live in it or use it for production. Today, however, it serves the world as the primary asset for storing value. A former function of money that is no longer possible due to decades…
InterRent Real Estate Investment Trust (OTC:IIPZF) Q3 2023 Earnings Conference Call November 1, 2023 1:00 PM ET Company Participants Renee Wei – Director, IR & Sustainability Brad Cutsey – President and CEO, Trustee Dave Nevins – COO Curt Millar – CFO Conference Call Participants Fred Blondeau – Laurentian Bank Securities Mike Markidis – BMO Capital…
libre de droit Sector conditions and outlook Key ⬆️ ↗️ ➡️ ↘️ ⬇️ Improving Neutral Deteriorating Positive Moderately positive Neutral Moderately negative Negative Click to enlarge Current condition Outlook APARTMENT The apartment sector is starting to feel the effects of both capital market and economic headwinds. Demand has wavered but remains largely positive without offsetting…
Morguard Real Estate Investment Trust (OTC:MGRUF) Q3 2023 Earnings Call Transcript October 26, 2023 4:00 PM ET Company Participants Andrew Tamlin – Chief Financial Officer John Ginis – Assistant Vice President of Retail Asset Management Tom Johnston – Senior VP of Western Asset Management Todd Febbo – Vice President of Eastern Office Management Rai Sahi…
Vertigo3d Dear Baron Real Estate Fund Shareholder: PERFORMANCE On September 28, 2023, we hosted a client educational webinar, titled “Demystifying Real Estate: An Optimistic Perspective on the Prospects for Real Estate.” A replay of the webinar can be accessed on our Baron website homepage in the “Insights & Reports” section. A sampling of the key…
Elijah-Lovkoff/iStock via Getty Images Introduction KKR Real Estate Finance Trust (NYSE:KREF) originates and invests in transitional senior loans backed by real estate. While I never really cared for the common shares of the REIT, I was interested in its sole issue of preferred shares, which are traded with (NYSE:KREF.PR.A) as the ticker symbol. Despite keeping…
Pgiam/E+ via Getty Images Introduction My most read and commented article was my Lessons I Learned From Being The Estate Executor For My Parents, written almost two years ago. That should have read “named”, as I am still operating as their POA. At age 92, both are definitely slowing down, both physically and mentally, and…
tadamichi By Shawn Lyons, CFA, Vice President and Portfolio Manager, Franklin Templeton Fixed Income Group The commercial real estate sector’s continued challenges could potentially impact US banks. Franklin Templeton Fixed Income’s Shawn Lyons discusses the ongoing commercial real estate crisis and how US banks are safeguarding themselves against these issues. Office CRE, how bad is…