J Studios/DigitalVision via Getty Images Introduction As most of my readers may know, I am very careful when it comes to elevated dividend yields. Most of the high-yield stocks I discuss are in the energy space, which is an industry filled with companies that currently benefit from subdued CapEx growth and strong income tailwinds. In…
Gary Yeowell Dear readers/followers, A week ago or so, I published an update article on Gecina (OTCPK:GECFF) – now the same thing has become relevant to do for the company Icade (OTCPK:CDMGF), which is the second Parisian/French REIT that I have invested in. While my position at the time of writing is currently at almost…
SolStock/iStock via Getty Images Introduction I’m seeing plenty of opportunities in the real estate sector, which has been really beaten down in the past 18 months. Some share price decreases were well deserved, while other REITs were just dragged down with the souring sentiment. The share price of Urban Logistics REIT (OTCPK:PCILF) also went down,…
Nexus Industrial REIT (OTC:EFRTF) Q1 2024 Earnings Conference Call May 15, 2024 10:00 AM ET Company Participants Kelly Hanczyk – Chief Executive OfficerMichael Rawle – Chief Financial Officer Conference Call Participants Michael Markidis – BMO Capital MarketsBrad Sturges – Raymond JamesSam Damiani – TD CowenKyle Stanley – DesjardinsHimanshu Gupta – ScotiabankAnthony Bogdan – National Bank…
Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Q1 2024 Earnings Conference Call May 9, 2024 1:00 PM ET Company Participants Lukas Hartwich – SVP, FinanceRick Matros – Chief Executive Officer, President & Chair of the BoardTalya Nevo-Hacohen – Chief Investment Officer, Treasurer & Executive Vice PresidentMichael Costa – Chief Financial Officer Conference Call Participants Austin Wurschmidt…
Paper Boat Creative This article was coproduced with Leo Nelissen. Current times are challenging for real estate investment trusts, or REITs. There’s no doubt about it. REITs are in a tough spot, as the mix of potentially prolonged elevated interest rates and sticky inflation puts pressure on some REITs. After all, most REITs do best…
Funtap Introduction I recently came across the Vident U.S. Diversified Real Estate ETF (NYSEARCA:PPTY). Besides the ETF being new to me, I never heard of the manager either. Add the low AUM, and normally, I would have just moved to explore another ETF not on my radar yet. The reason I produced this article was…
tobiasjo/iStock via Getty Images Elevator Pitch CapitaLand Ascendas REIT (OTCPK:ACDSF) [A17U:SP] is rated as a Hold. My earlier November 28, 2023 update touched on the divergence in the performance of CapitaLand Ascendas REIT’s different assets and the REIT’s inorganic growth strategy. In this latest write-up, I draw attention to ACDSF’s Q1 2024 business update, and…
A restaurant waitress serves guests. alvarez/E+ via Getty Images Hard truths. Some people avoid them. Some people find liberation in them. I tend to fit in the latter group. One of the tougher truths of life that applies to personal finances is as follows: As long as there is life, bills tend to follow not…
chaofann Real Estate Investment Trusts (REITs) (VNQ) are today priced at near their lowest valuations in a decade, with many REITs trading at large discounts relative to their fair value of their real estate. Valuations have gotten so low that even private equity players like Blackstone and Starwood are now aggressively buying REITs. Just recently,…
rzelich Public Storage (NYSE:PSA) rode the wave of soaring demand for self-storage units for decades, but with a huge increase in construction of new storage facilities using “free” money supplied by the Federal Reserve, there is now over-capacity in the industry. With interest rates expected to stay much higher for longer, this REIT faces a…
Klaus Vedfelt In my latest article regarding the pending merger of the Apollo funds, AIF and AFT, with and into the BDC, MidCap Financial Investment Corp. (MFIC), I discussed how those 2 CEFs will be integrated into a new asset class and that this situation represents a unique opportunity. I find it rather interesting that…
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…
ivanastar/E+ via Getty Images The early 2024 outlook for multifamily REIT investment could not have been gloomier. In its April report, Apartment List describes slowing rent growth as we enter the peak apartment leasing season. Apartment List Source: Apartment List In part, this could be due to the outsized new deliveries and starts of housing…
Delpixart/iStock Editorial via Getty Images Introduction About a year ago, I published an article on Tritax Big Box REIT plc (OTCPK:TTBXF) claiming “the worst is behind us.” I had been warning about this even before real estate assets appeared to be overvalued based on a rapidly increasing interest rate on the financial markets, which traditionally…
Richard Drury Introduction Healthcare REITs have held strong, more so than their retail peers over the past year. Those like CareTrust REIT (CTRE), Omega Healthcare Investors (OHI), and Sabra Health Care REIT (SBRA) are all in the green. But there is one REIT in the healthcare sector, Healthpeak Properties (NYSE:DOC) whose share price decline double-digits…
Mireya Acierto/DigitalVision via Getty Images Today’s article dials in on Apartment Income REIT Corp. (NYSE:NYSE:AIRC), a U.S.-based REIT targeting upmarket residential units. The rationale for this thesis stems from Blackstone’s (NYSE:BX) agreement to acquire Apartment Income REIT Corp. in a deal worth a reported $10 billion. Apartment Income REIT Corp.’s market price surged by more…
Wavebreakmedia/iStock via Getty Images Previous Thesis I last covered Care Trust REIT (NYSE:CTRE) here on Seeking Alpha back in November. I thought the stock was a safer alternative to another healthcare REIT that is a favorite amongst dividend investors, Omega Healthcare Investors (OHI). Since that article published CTRE is up nearly 20%, so investors who…
bluekite Previous Thesis I last covered Medical Properties Trust, Inc. (NYSE:MPW) back in November in an article titled: Don’t Get Cut Being Greedy When You Should Be Fearful. This was an obvious play on words referencing investors catching a falling knife in the form of MPW. For the record, I was once a shareholder in…
scanrail/iStock via Getty Images One of the most important jobs of REIT executives and Boards of Directors is capital allocation. Depending on cost of capital, acquisition and development yields, and the point in the real estate cycle, a public REIT will have to employ different capital allocation strategies. One of the forgotten and often purposely…
AnthonyRosenberg CareTrust REIT, Inc. (NYSE:CTRE) is a well-managed healthcare real estate investment trust with a primary focus on senior facilities that support the needs of the elderly. The healthcare trust owns a large portfolio consisting of Skilled Nursing facilities and profits from key aging trends in the United States that will drive up demand for…
Say-Cheese/iStock via Getty Images Investing is a numbers game from start to finish. We all know that on some level, but let’s take a minute to really think about it, like: How much money you have to invest. How much time you have to meet your goals. How many assets you should own. How long…
ansonsaw Now’s a great time to be an income investor, especially considering that most of the market is now focused on chasing speculative growth. Adding to that is the practice of index investing, which perpetuates the high valuations of companies like Tesla (TSLA) and Nvidia (NVDA) due to their mega-market caps and outsized influence over…
MF3d Introduction With the FED meeting over now and 3 rate cuts still on the table by the end of the year, I think now is the time to be buying stocks in one of my favorite sectors (XLRE), the REIT sector. Historically, they move in the opposite directions of interest rates, and they have…
Dennis Garrels/iStock Editorial via Getty Images NNN REIT (NYSE:NNN) is a single tenant net lease REIT that develops and acquires retail properties across the United States. Like many net lease REITs, NNN emerged from humble beginnings. NNN was founded in 1984 as Golden Corral Realty Corporation. At that point, the company served as a landlord…
arcady_31/iStock Editorial via Getty Images Kimco Realty Corporation (NYSE:KIM) is a well-managed real estate investment trust that is profiting from robust growth in rental rates in its metropolitan area-focused real estate portfolio. The REIT also has growing portfolio occupancy and in 4Q hiked its quarterly dividend pay-out to $0.24 per share. The shopping center trust’s…
Prapat Aowsakorn/iStock via Getty Images Introduction WDP (OTCPK:WDPSF), formerly known as Warehouses De Pauw, is a Belgian REIT focusing on the development and leasing of logistical real estate assets. The REIT has always traded at a premium valuation and despite seeing the entire REIT sector being under pressure, WDP’s share price is still holding up…
peshkov Today, the market sentiment of the real estate investment trust, or REIT, sector (VNQ) is very negative. REIT share prices have dropped by ~25% on average over the past two years, even as their cash flows grew by 5-10% during this same period: Data by YCharts As a result, REIT sector valuations are today…
designer491 Federal Realty Investment Trust (NYSE:FRT) is a top choice for a passive income investors that value visibility of FFO and dividend growth as well as long-term appreciation potential. Federal Realty Investment is one of the oldest U.S.-focused real estate investment trusts in the United States that has delivered consistently strong results for shareholders in…
JHVEPhoto/iStock Editorial via Getty Images Introduction I have a decent-sized long position in CT Real Estate Investment Trust (TSX:CRT.UN:CA) (OTC:CTRRF) as I like the Canadian REIT’s exposure to Canadian Tire (CTC.A:CA) (OTCPK:CDNAF) (OTCPK:CDNTF) which is where CT REIT was spun out off. Canadian Tire remains the REIT’s largest tenant, accounting for approximately 91% of the…
LSOphoto/iStock via Getty Images Introduction Global Medical REIT (NYSE:GMRE) is an internally managed REIT focusing on healthcare facilities which are leased out to physicians and other healthcare-related groups. GMRE Investor Relations The REIT owns 185 buildings in 34 states with a 5.8 year WALT. Unlike other healthcare REITs, Global Medical’s tenants appear to be well-managed,…
SweetBabeeJay/iStock Editorial via Getty Images Whitestone REIT (NYSE:WSR) just hiked its monthly cash dividend by 3.2% after two years of keeping the payout constant. The sunbelt-focused retail REIT declared a cash dividend of $0.04125 per share, roughly $0.495 per share annualized, for a 4.1% dividend yield. The distribution is still a long way away from…
anouchka The short interest in its common shares of Host Hotels & Resorts (NASDAQ:HST) grew to roughly 5.35% in February even as the largest hotel REIT reported a beat on revenue for its fiscal 2023 fourth quarter. Revenue of $1.32 billion grew by 4.8% over the year-ago comp and outperformed consensus by $30 million. The…
miroslav_1/iStock via Getty Images Summary In our initial report on Northview Residential REIT (TSX:NRR.UN:CA) back in October 2023, we outlined our bull thesis for the REIT. The recapitalization transaction had deleveraged the balance sheet, reduced the distribution rate to a sustainable level, internalized asset management, and converted the REIT from an externally managed, closed-end structure…
Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) Q4 2023 Earnings Conference Call March 4, 2024 8:30 AM ET Company Participants Randy Chrisman – Investor Relations Sreeni Prabhu – Chief Executive Officer and President Brandon Filson – Chief Financial Officer and Treasurer Conference Call Participants Doug Harter – UBS Chris Kotowski – Oppenheimer Michael Schafer – B…
germi_p/iStock Editorial via Getty Images Introduction Aedifica (OTCPK:AEDFF) is a Belgian REIT focusing on healthcare real estate, with a very specific focus on nursing homes and other facilities for the aging population. Aedifica Investor Relations The REIT is active in multiple countries and as you can see below, there aren’t any major differences between the…
Dzmitry Dzemidovich Introduction VICI Properties (NYSE:VICI) recently reported their Q4 earnings to close out the year. Despite the challenging economic backdrop, especially for REITs, VICI delivered a strong Q4 and even exceeded my expectations. I’ll actually be traveling to Las Vegas soon, so I felt compelled to give readers an update on my biggest REIT…
Global Medical REIT, Inc. (NYSE:GMRE) Q4 2023 Earnings Conference Call February 28, 2024 9:00 AM ET Company Participants Stephen Swett – ICR Jeffery Busch – Chairman, President & CEO Alfonzo Leon – CIO Robert Kiernan – CFO & Treasurer Conference Call Participants Austin Wurschmidt – KeyBanc Capital Markets Robert Stevenson – Janney Montgomery Scott Bryan…
RichHobson/E+ via Getty Images Introduction Count me as one of the people who also think interest rates will be cut sometime soon. When to be exact? No one knows, but I do think we’ll get one sometime this year. There’s also a chance we can get another increase before cuts as seen by the latest…
Olena Ruban/Moment via Getty Images Introduction During 2021 cannabis stocks were the new hot ticket item in the market, but since then the burning fire surrounding them has seemed to cool. In turn, this has caused many of them to trade at attractive valuations currently. Especially, if you believe in the long-term outlook on the…
Phiwath Jittamas Shares of American Healthcare REIT (NYSE:AHR) have seen a successful public debut, as optimism about 2024 interest rate cuts provided some relieve among investors early into the year. While there has been optimism on rate cuts moving down a bit in recent weeks, shares were priced on the lower end of the preliminary…
Bloomberg/Bloomberg via Getty Images Introduction I like real estate assets and I have been interested in commercial REITs for quite a while now. Of course, not all commercial REITs were created equal and I preferred to focus on the subset that focuses on “essential goods.” Plaza Retail REIT (OTC:PAZRF) (TSX:PLZ.UN:CA) performed pretty well during the…
Tippapatt Introduction NNN REIT (NYSE:NNN) is one of the first REITs I ever bought when I switched my strategy to strictly investing for income. One thing that stood out to me was their conservatism. The company never blows earnings out of the water, nor is it super popular amongst investors. In comparison to peer Realty…
bankrx We are still following W. P. Carey Inc. (NYSE:WPC), a bit of a controversial real estate investment trust, or REIT, that has been undergoing substantial change. There are just so many question marks here, but most notably, in the just-reported earnings. Performance was slightly below expectations, and management is guiding for ongoing dispositions, with…
bob_bosewell/iStock via Getty Images Written by Nick Ackerman, co-produced by Stanford Chemist. The last time we touched on Cohen & Steers Total Return Realty Fund (NYSE:RFI), we also took a look at Cohen & Steers Quality Income Realty Fund (RQI). These funds are quite similar in terms of their approach in terms of investing in…
WendellandCarolyn Kite Realty Group Trust (NYSE:KRG), founded in 1960 and headquartered in Indianapolis, IN, is a REIT that owns, acquires, (re)develops, and operates open-air shopping centers and mixed-use assets across the country. With a very well-diversified portfolio, remarkable recent growth, and a healthy solvency profile, this REIT seems to have a lot of potential. Additionally,…
Dragon Claws Real estate can be a great way to accumulate wealth, but the high upfront costs can be prohibitive for most investors. Besides, most real estate in the private market is priced at around fair value, making it difficult to realize great value unless one is willing to do the legwork in significantly renovating…
Daniel Grizelj Warren Buffett famously said, “It’s only when the tide goes out that you know who’s been swimming naked.” Per usual, the Oracle of Omaha was correct and over the past two years, the REIT sector has been thoroughly disrupted. REITs touted as “sleep well at night” stocks have cut their dividends and sector-wide…
FangXiaNuo Summary Real Estate can be a great business, REITs make it simpler and more diversified and an ETF of REITS even more diversified. However, are REIT ETFs superior long-term investments? The last 20 years of performance data suggest they are not. I took an in-depth look at Vanguard Real Estate Index Fund ETF (NYSEARCA:VNQ)…
Maxxa_Satori Prologis, Inc. (NYSE:PLD) profits from the growth of eCommerce and logistics-related businesses and has built a successful, globe-spanning, real estate empire. Prologis’ predominant focus on logistics facilities around the world, particularly in the United States, has led to above-average funds from operations growth for the trust in recent years. International expansion and a fast-growing…