yoh4nn The Industrial sector isn’t what it used to be. Neither is investing in Industrials. Traditionally, it’s been about smokestacks, etc. For investors, this has been a very cyclical play. The main investment case for or against Industrials was, in essence, an economic forecast. If you are bullish on GDP, Industrial Production, etc., you want…
gremlin All values are in CAD unless noted otherwise. Dream Industrial Real Estate Investment Trust (TSX:DIR.UN:CA) (OTC:DREUF) holds a portfolio of 327 industrial properties located in Canada, Europe and the US. These properties span around 71.4 million square feet and comprise distribution, urban logistics buildings and light industrial structures. 2023 Annual Report While the REIT…
STAG Industrial, Inc. (NYSE:STAG) Q1 2024 Earnings Conference Call May 1, 2024 10:00 AM ET Company Participants Steven Kimball – EVP, Real Estate OperationsBill Crooker – CEO, President & DirectorMatts Pinard – EVP, CFO & TreasurerMichael Chase – EVP & CIO Conference Call Participants Craig Mailman – CitigroupVince Tibone – Green Street AdvisorsEric Borden –…
First Industrial Realty Trust, Inc. (NYSE:FR) Q1 2024 Earnings Conference Call April 18, 2024 11:00 AM ET Company Participants Art Harmon – SVP of IR and MarketingPeter Baccile – President and CEOScott Musil – CFOJojo Yap – CIOPeter Schultz – EVPChris Schneider – EVP, Operations Conference Call Participants Ki Bin Kim – TruistRob Stevenson –…
Maxxa_Satori Broadstone Net Lease, Inc. (NYSE:BNL) is a well-managed and growing industrial-focused real estate investment trust that has considerable potential for FFO expansion in 2024. Broadstone Net Lease is poised to acquire more industrial properties this year, which could fuel the trust’s FFO growth and also lead to yet another dividend hike for shareholders. I…
simonkr When I last wrote about MSC Industrial (NYSE:MSM) in the fall of 2023, my view on the company was balanced between commendable ongoing execution and my worse-than-consensus expectations for short-cycle manufacturing, and particularly among smaller manufacturers. Both of those drivers have continued to play out, leading to a lackluster share price performance since my…
The Road Ahead ricardoreitmeyer/iStock via Getty Images Investment Thesis LXP Industrial Trust (NYSE:LXP) is an industrial REIT. Their 112 building, 54 million square foot portfolio of modern single-tenant warehouse and distribution industrial properties is focused in the Sunbelt and Midwest. Currently trading at 13% above the low and 45% below the high for the last…
onurdongel GIC Searches For Stability I have been discussing Global Industrial Company (NYSE:GIC) in the past, and you can read the latest article here, published on January 9. The company continues strengthening its e-commerce sales channels and traditional marketing efforts. Its competitive pricing initiatives, including actions to lower freight costs and promotion, should gradually improve…
maroke By Min Joo Kang Tokyo consumer prices unexpectedly rose 2.6% YoY in March A leading indicator of nationwide consumer prices, Tokyo consumer prices rebounded to 2.6% year-on-year in March (vs a revised 2.5% in February, 2.5% market consensus). Core inflation excluding fresh food, a preferred measure for the BoJ, eased to 2.4% (vs 2.5%…
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…
igoriss A little over a year ago, in the middle of February of 2023, I found myself analyzing Gates Industrial Corp (NYSE:GTES). For those not aware of the company, it operates as a producer and seller of engineered power transmission and fluid power solutions. Most of the company’s products are sold on the aftermarket, but…
thitivong This monthly article series shows a dashboard with aggregate subsector metrics in industrials. It is also a top-down analysis of sector ETFs like Industrial Select Sector SPDR ETF (XLI), whose largest holdings are used to calculate these metrics. Shortcut The next two paragraphs in italic describe the dashboard methodology. They are necessary for new…
abadonian STAG Industrial, Inc. (NYSE:STAG) is a pure-play industrial REIT with a market cap of close to $7 billion. It carries over 560 industrial buildings, which are primarily located in the CBRE Tier 1 markets across 41 states. Recently, I decided to allocate part of my portfolio into STAG to capture relatively attractive dividend with…
Ron and Patty Thomas Introduction I have to admit that I think about artificial intelligence (“AI”) a lot. Right now, it’s one of the hottest trends on the market, as it is currently reshaping our modern economy. Personally, I’m both amazed by it and slightly worried about what it may do to a lot of…
Whitepointer Modiv Industrial (NYSE:MDV) is probably one of the most unique equity REITs I’ve encountered. The internally managed small-cap REIT is focused on acquiring single-tenant net-lease industrial manufacturing properties in the US, with a portfolio of 44 properties at the end of its most recent fiscal 2023 fourth quarter. There has since been a disposition…
Marco VDM Summary Innovative Industrial Properties (NYSE:IIPR) is a specialty REIT focused on the nascent regulated cannabis industry. Its name notwithstanding, IIPR is not a typical industrial REIT. Rather than logistics or distribution facilities, its portfolio consists mainly of industrial-scale greenhouses licensed operators use to grow cannabis. The business exists due to federal laws that…
Omar Osman By Ewa Manthey YTD metals performance % Source: LME, ING Research China’s 2024 economic goals disappoint Industrial metals have mostly struggled this year amid a disappointing recovery in China, with a property downturn and weak manufacturing continuing to weigh on prices. This week China unveiled its economic targets for 2024 at the latest…
phive2015 Investment Thesis Applied Industrial Technologies, Inc.’s (NYSE:AIT) revenue growth should benefit from easing year-over-year comparisons beginning in the second half of fiscal 2024. In addition, a potential rebound across the technology vertical and strength in the rest of the end markets supported by secular trends and associated government stimulus funds should drive revenue growth…
Jacob Wackerhausen/iStock via Getty Images Introduction I’ll admit when Innovative Industrial Properties (NYSE:IIPR) was the new hot thing on the stock market, I almost bought into the company for the appealing dividend. I watched the stock explode and trade near $300 before crashing back down to earth. I remember saying to myself, I’m glad I…
tadamichi Introduction Crawford United Corporation (OTCPK:CRAWA) is a US specialty industrial products and services group that is on my stock watchlist. The company focuses on inorganic growth, and it has more than doubled its operating income since 2022. In my view, the prospects for the business are bright and Crawford United looks undervalued at the…
Aleksandr Uglov/iStock via Getty Images Modiv Industrial (NYSE:MDV) is a unique, small-cap net lease real estate investment trust (“REIT”) that focuses almost exclusively on manufacturing properties in the United States. In my three previous articles on MDV, I rated it a “Hold” and advocated buying its high-yielding 7.375% Series A Preferred Stock (MDV.PR.A) instead. After…
3M Company (NYSE:MMM) Barclays 41st Annual Industrial Select Conference February 22, 2024 8:00 AM ET Company Participants Mike Roman – Chairman & Chief Executive Officer Monish Patolawala – President & Chief Financial Officer Conference Call Participants Julian Mitchell – Barclays Julian Mitchell Welcome, everyone, to this morning’s Industrial Select Conference. It’s my pleasure to start…
United Airlines Holdings, Inc. (NASDAQ:UAL) 2024 Citi’s Global Industrial Tech & Mobility Conference Call February 20, 2024 11:20 AM ET Company Participants Mike Leskinen – Executive Vice President & Chief Financial Officer Conference Call Participants Stephen Trent – Citi Stephen Trent Good morning, everybody and thank you very much for attending Citi’s Industrials Conference. I’m…
Emerson Electric Co. (NYSE:EMR) Citi’s 2024 Global Industrial Tech and Mobility Conference February 20, 2024 9:40 AM ET Company Participants Lal Karsanbhai – President and CEO Mike Baughman – EVP and CFO Colleen Mettler – VP of Investor Relations Conference Call Participants Andy Kaplowitz – Citigroup Andy Kaplowitz All right. We’re going to get started…
Honeywell International Inc. (NASDAQ:HON) Citi’s 2024 Global Industrial Tech and Mobility Conference February 20, 2024 8:00 AM ET Company Participants Vimal Kapur – CEO Conference Call Participants Andrew Kaplowitz – Citi Andrew Kaplowitz We’re going to get started. Again, appreciate everyone joining us. For those of you who weren’t at our first meeting, early risers,…
Wirestock/iStock via Getty Images Well managed businesses are rare, especially in the real estate space. There are hundreds of public REITs and few stand out in their areas of expertise. Some of the largest names such as Realty Income (O) tout long, established histories that investors point to for validation. Some look to copy proven…
Arne Hodalic/Corbis Documentary via Getty Images By Ewa Manthey Industrial metals have a disappointing start to 2024 Industrial metals have had a disappointing start to the year so far. China’s macro backdrop remains challenging. At the same time, metals continue to be pressured by elevated interest rates and a strong dollar despite expectations that key…
Vithun Khamsong/Moment via Getty Images Parker-Hannifin (NYSE:PH) is a diversified industrial manufacturer specializing in motion and control technologies for mobile, industrial, and aerospace markets. They reported Q2 FY24 results on February 1st, raising their full-year outlook for margin and EPS. With the stock price deemed fairly valued, I recommend a ‘Hold’ rating, setting a fair…
NurPhoto/NurPhoto via Getty Images Introduction The industrial sector, particularly automation and process control, garners significant attention in today’s market. Investors and industry analysts closely monitor this sector for its resilience and innovation in an era of technological advancement and changing market dynamics. Automation, a critical component of modern industry, enhances efficiency and productivity across various…
Michael Fischer Dear readers, I became quite interested in cannabis REITs last year when their price plummeted as a result of the perfect storm of bad news. A shift in sentiment put the industry largely out of favor and resulted in many operators/tenants struggling to pay rent. Moreover, high interest rates and a tight credit…
LPETTET Last week, I published an article highlighting Realty Income (O) as my favorite high-yield REIT. In that article, I mentioned that I couldn’t call “The Monthly Dividend Company” my favorite REIT overall because of another, faster-growing company that I like just as much. I said that Rexford Industrial (NYSE:REXR) is my favorite high-growth REIT…
Oselote The bullish breakout in the industrial metals complex suggests that silver should mount a long-awaited recovery, and I remain bullish on the iShares Silver Trust ETF (NYSEARCA:SLV). Silver and the SLV have been locked in a large consolidation pattern for the past three years, and a bullish breakout seems like a matter of time….
SimonSkafar Summary Following my coverage of CNH Industrial (NYSE:CNHI) in June, which I recommended a buy rating due to my expectation that CNHI’s fundamentals remained strong and were on track to meet FY24 targets. I was also very positive about the margin expansion outlook. This post is to provide an update on my thoughts on…
Pgiam Innovative Industrial Properties (NYSE:IIPR) has been in the doghouse for over a year at this point. That might change over the coming quarters as the possibility of a federal rescheduling may dramatically improve the credit profile of the tenant roster. In the meantime, IIPR continues to work through the troubled tenants in its portfolio….
RapidEye/iStock via Getty Images In light of face-ripping rallies in the mega-cap tech sector, it is easy to forget that there are stocks outside the oft-spoken names. These stocks speak of quality and can provide better-than-average returns. During one search I discovered Applied Industrial Technologies (NYSE:AIT) whose products and solutions serve critical areas of the…
Dragon Claws Investment Thesis Modiv Industrial (NYSE:MDV) is a real estate investment trust that operates, acquires, and leases commercial real estate properties. It has recently reported a decent quarter and I believe it can sustain this performance in the future as a result of industry tailwinds and its continued focus on acquisitions. About MDV Share…
BeritK Introduction Innovative Industrial Properties (NYSE:IIPR) is a stock that I have been watching for some time now. They first came onto my radar back in 2020. I instantly became attracted to the high dividend. Back then the price was in the high $100’s, roughly around $165 if I remember correctly. I remember watching the…
Loma Negra Compania Industrial Argentina Sociedad Anonima (NYSE:LOMA) Q3 2023 Earnings Call Transcript November 9, 2023 10:00 AM ET Company Participants Diego Jalon – Head of IR Sergio Faifman – CEO and VP of Board of Directors Marcos Gradin – CFO Conference Call Participants Alejandra Obregon – Alejandra Obregon Rodrigo Nistor – Latin Securities Daniel…
onurdongel/iStock via Getty Images Introduction Rexford Industrial Realty, Inc. (NYSE:REXR) has a portfolio of 371 properties totaling approximately 45 million rentable square feet mostly located in Southern California’s infill markets. The exposure to Southern California’s infill region situates the company in a fragmented market characterized by high-entry barriers, scarce developable land with high concentrations of…
Seiya Tabuchi All values are in CAD unless noted otherwise. Nexus Industrial REIT (OTC:EFRTF, TSX:NXR.UN:CA) owns a 12 million square feet, 115 property portfolio, spread across various Canadian provinces. While Ontario, Alberta, Quebec and Saskatchewan house majority of them, the real estate investment trust, or REIT, does have a smattering presence in the Northwest Territories,…
As part of their collaboration, the companies plan to launch AI-powered copilots for industries such as manufacturing, infrastructure, transportation, and healthcare. German technology company Siemens AG has partnered with Microsoft Corporation (NASDAQ: MSFT) to introduce Siemens Industrial Copilot, a generative artificial intelligence (AI)-powered assistant. The AI assistant is designed to enhance human-machine collaboration and boost…
imaginima The Industrial Production and Capacity Utilization Report, corresponding to activity during the month of September 2023, was published by the U.S. Federal Reserve on October 17, 2023, at 9:15 AM. This report is widely considered to provide some of the best indicators of the production of goods in the U.S. economy, available at a…
FatCamera/E+ via Getty Images Innovative Industrial Properties (NYSE:IIPR) pioneered greenhouses for growing cannabis and is now in the transition period from high capex and growth to slower growth and sustainable profitability. As with any transition, investors have exhibited fear and now there is an opportunity to buy the stock at a depressed price. First things…
Lari Bat/iStock via Getty Images Introduction I’m always keeping an eye on fixed income opportunities, and although some of those ideas have a higher risk/reward ratio, the main purpose of the income-focused section of my portfolio is to have exposure to a reliable income stream. While I never wrote about Rexford Industrial Realty (NYSE:REXR), I…
Currently, there are nine residents of the park. All of them will get access to ten government initiatives introduced to “boost the development” of the digital yuan ecosystem. The initiatives include payment solutions, smart contracts, hard wallets, and digital yuan promotion. The first industrial park has been opened in the Luohu district of Shenzhen, China, with…
Yanukit Raiva/iStock via Getty Images We believe in the long-term viability and prosperity of the American cannabis industry. It is of enormous value for local and state economies. Cannabis stocks and the companies that service the industry have the best value for potential ROI over the long term. Innovative Industrial Properties, Inc. (NYSE:IIPR) is, in…
Hryhorii Bondar/iStock via Getty Images By Charlotte de Montpellier Industrial production down Industrial production contracted in August, falling by 0.3% over the month. Manufacturing output also fell, by 0.4% over the month. In addition, July’s figures were revised sharply downwards, losing 0.3 points. There was a clear downturn in August in most sectors of activity,…
tiero/iStock via Getty Images Sleep well at night, stocks are few and far in between and are to be accumulated when they become attractive in price. Such may be the case with Terreno Realty (NYSE:TRNO), which I last covered with a ‘Buy’ rating here back in February, highlighting its high cash rent spreads in coveted…
AntonMatveev/iStock via Getty Images Investment Thesis Applied Industrial Technologies (NYSE:AIT) financials are outstanding and are exhibiting an uptrend, however, with the lack of revenue growth and little margin improvement going forward, the company is slightly expensive for a new investor’s portfolio and would like to see a pullback sometime in the future. Briefly on the…
Kerkez/iStock via Getty Images We passed on Granite Real Estate Investment Trust (NYSE:GRP.UN) (TSX:GRT.UN:CA) back in June of this year, since we expected a slowdown in the industrial sector. We preferred to hold out for a dip in the more favorably valued Dream Industrial Real Estate Investment Trust (OTC:DREUF) (DIR.UN:CA). Even then, Dream Industrial traded…