We Are We previously covered W. P. Carey (NYSE:WPC) in February 2024, discussing why we had doubled down on our previous Buy rating. This was despite the market’s pessimism on the office exit and the subsequent pullback after the FQ4’23 earning call. At the same time, the REIT’s discounted valuations/ stock prices, expanded forward dividend…
Pgiam/iStock via Getty Images Welcome to another installment of our Preferreds Market Weekly Review, where we discuss preferred stock and baby bond market activity from both the bottom-up, highlighting individual news and events, as well as top-down, providing an overview of the broader market. We also try to add some historical context as well as…
deepblue4you Welcome to another installment of our Preferreds Market Weekly Review, where we discuss preferred stock and baby bond market activity from both the bottom-up, highlighting individual news and events, as well as top-down, providing an overview of the broader market. We also try to add some historical context as well as relevant themes that…
Torsten Asmus As explained in Prof. Robert Jarrow’s book cited below, forward rates contain a risk premium above and beyond the market’s expectations for the 3-month forward rate. We document the size of that risk premium in this graph, which shows the zero-coupon yield curve implied by current Treasury prices compared with the annualized compounded…
JONGHO SHIN As explained in Prof. Robert Jarrow’s book cited below, forward rates contain a risk premium above and beyond the market’s expectations for the 3-month forward rate. We document the size of that risk premium in this graph, which shows the zero-coupon yield curve implied by current Treasury prices compared with the annualized compounded…
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…
G0d4ather As explained in Prof. Robert Jarrow’s book cited below, forward rates contain a risk premium above and beyond the market’s expectations for the 3-month forward rate. We document the size of that risk premium in this graph, which shows the zero-coupon yield curve implied by current Treasury prices compared with the annualized compounded yield…
hapabapa/iStock Editorial via Getty Images It’s “pleasure at the pump” these days. The average retail price for a gallon of regular unleaded has fallen to near $3.50. Many states, away from the West Coast, are closer to the $3 mark. This is not the best news for refiners as the retail gas price slide comes…
naphtalina/iStock via Getty Images Investment briefing Much of the equity performance in NuVasive, Inc. (NASDAQ:NUVA)’s equity stock hinges on the outcome of its merger with Globus Medical (GMED). I covered this extensively in the last publication (see it here). Since then, the Federal Trade Commission (“FTC”) has entered the party, and although fashionably late, it…
When you hear bullish hoofbeats, think ZEBRA tudorish/iStock via Getty Images Earn your options trading stripes with ZEBRA spreads I’m already long NVIDIA (NVDA). Earnings are coming up on August 23 and I’m looking for a way to add to my position. But at $446.80 as of August 4, this getting to be an expensive…