mgstudyo Introduction In this article, we consider an equity investment in Essex Property Trust, Inc. (NYSE:ESS) in light of Q1 2024 results. In particular, we consider the issuance of the $350 million 10-year senior unsecured note with the maturity of April 2034 relative to their current capitalization rate. We also consider the historical share buyback…
FG Trade With Medical Properties Trust, Inc. (NYSE:MPW) presenting encouraging earnings for its last quarter, and with investors barely reacting to the news of one of its most important operators, Steward Health Care System, sliding into bankruptcy, I think that we could see substantial upside price movement for the hospital real estate investment trust in…
Adam Gault/OJO Images via Getty Images Before we entered 2024, I issued an interesting piece on Medical Properties Trust (NYSE:MPW) – Medical Properties Trust: Outlining An Optimal Way To Capture Double-Digit Yield – outlining my views on how the investors could play this distressed case in a more risk-averse manner. In my view, going higher…
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…
Postal Realty Trust Inc (NYSE:PSTL) Q1 2024 Results Conference Call May 8, 2024 9:00 AM ET Company Participants Jordan Cooperstein – IRAndrew Spodek – CEOJeremy Garber – PresidentRobert Klein – CFO Conference Call Participants Anthony Paolone – JP MorganStephen Dumanski – Janney Montgomery ScottJon Petersen – Jefferies Operator Ladies and gentlemen, greetings and welcome to…
Diversified Healthcare Trust (NASDAQ:DHC) Q1 2024 Earnings Call Transcript May 7, 2024 10:00 AM ET Company Participants Kevin Brady – Director of Investor RelationsChris Bilotto – President and Chief Executive OfficerMatthew Brown – Chief Financial Officer Conference Call Participants Bryan Maher – B. Riley SecuritiesAaron Hecht – Citizens JMP Operator Good morning, and welcome to…
Chatham Lodging Trust (NYSE:CLDT) Q1 2024 Earnings Call Transcript May 6, 2024 10:30 AM ET Company Participants Chris Daly – DG Public RelationsJeffrey Fisher – Chairman, President, CEODennis Craven – EVP & COOJeremy Wegner – CFO & SVP Conference Call Participants Ari Klein – BMO Capital MarketsBryan Maher – B Riley Securities Operator Greetings. Welcome…
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…
Oselote It has now been over a year since I last covered the Sprott Physical Silver Trust (NYSEARCA:PSLV) for Seeking Alpha. In my last piece, I said it was “time to buy the dip” and the timing of that call was quite good. At the time the article was published, PSLV shares were just over…
Dragon Claws The stock of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) did not react well to the mortgage trust’s first quarter earnings in which the company showed that it swung to a net loss amid loan problems in the office category: BXMT declined 4.6% on Thursday and may see additional selling pressure in the short term….
Empire State Realty Trust, Inc. (NYSE:ESRT) Q1 2024 Earnings Conference Call April 25, 2024 12:00 PM ET Company Participants Heather Houston – Senior Vice President, Chief Counsel, Corporate & SecretaryTony Malkin – Chairman & Chief Executive OfficerTom Durels – Executive Vice President, Real EstateSteve Horn – Executive Vice President, Chief Financial Officer & Chief Accounting…
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…
Independence Realty Trust, Inc. (NYSE:IRT) Q1 2024 Results Conference Call April 25, 2024 9:00 AM ET Company Participants Lauren Torres – Edelman Smithfield Scott Schaeffer – CEOJim Sebra – CFOMike Daley – EVP, Operations and PeopleJanice Richards – SVP, Operations Conference Call Participants Austin Wurschmidt – KeyBanc Capital MarketsNick Joseph – CitiAnthony Powell – BarclaysJohn…
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 –…
krblokhin/iStock Editorial via Getty Images The recent confusion over the 2024 CAPEX plans by Blackbeard Operating seems to have more of an impact on Permian Basin Royalty Trust (NYSE:PBT) units than the swings in either oil or natural gas prices. After soaring over the last few years because of increased CAPEX, underlying oil production seems…
Monty Rakusen/DigitalVision via Getty Images Growth through acquisitions has long been key to the Neogen (NASDAQ:NEOG) growth story, but the key to such a strategy is efficiently integrating those deals and the bigger the deal, the more crucial execution becomes. So far, the integration process of Neogen’s acquisition of 3M‘s (MMM) food safety operations can…
FG Trade The last few weeks have been a really interesting time for shareholders of Medical Properties Trust (NYSE:MPW). The company, which operates as a REIT that owns and leases out medical properties for other firms to run, saw its shares spike after the market closed on April 12th. That move higher, about 12.3% as…
Roman Tiraspolsky Let’s drift into the mortgage arena and discuss what’s waiting in the wings for the Blackstone Mortgage Trust, Inc. (NYSE:BXMT). For those unaware, we covered various components of Blackstone (BX) extensively in the past week, including the company as a whole its Blackstone’s Apartment Income REIT Corp. (AIRC) acquisition. However, today’s analysis builds…
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…
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…
Su Arslanoglu Camden Property Trust (NYSE:CPT) anticipates lower Core funds from operations, or FFO, per share and flat same-property NOI due to weaker leasing spreads caused by increased apartment supply. Revenue growth is challenged by rising expenses, while leasing spreads decline ahead of NOI changes. Same Property NOI Let’s take a look at same property…
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…
Art Wager/E+ via Getty Images Camden Property Trust (NYSE:CPT), although a solid REIT with a strong human moat, a good debt outlook, and a strong portfolio, is probably headed into years of underperformance caused by oversupply in its primary markets. A REIT Of Sunbelt Apartments CPT is an S&P 500 REIT whose primary focus is…
Aleksandra Zhilenkova It has been roughly four months since I last covered the Grayscale Bitcoin Trust (NYSEARCA:GBTC) for Seeking Alpha. At that time, I was bullish, though I did mention the fact that I was decreasing my position in the fund: I’ve minimized my exposure to GBTC, in part because the NAV window has closed…
airdone Blackstone Mortgage Trust, Inc. (NYSE:BXMT) proved its value to passive income investors in February with a well-received earnings release for 4Q-23: The commercial mortgage real estate investment trust comfortably covered its dividend pay-out with distributable earnings, though it was forced to increase its CECL reserve for credit losses again. With that being said, Blackstone…
marchmeena29 Redwood Trust, Inc. (RWT) is a real estate investment trust that specializes in the ownership of mortgages. The company carries residential property mortgages, multifamily loans, and business loans. Over a year ago, I discussed the 10% preferred share that was offered by the company (RWT.PA). Today, I am affirming my buy rating of Redwood…
CreativaImages Instead of an investment thesis I initiated coverage of Medical Properties Trust, Inc. (NYSE:MPW) stock 2 months ago and since then, my strongly bullish view has been successful – MPW is up 23.3% compared to the S&P 500 Index return of 9.36% since January 7th. So basically, my ‘Strong Buy’ call outperformed the broader…
JazzIRT Medical Properties Trust (NYSE:MPW) is managing its poor liquidity position by performing asset sales, a profile that is not sustainable, and a serious liquidity crunch can happen in the coming quarters. As I’ve analyzed in previous articles, I have been bearish on MPW over the past year, due to its fundamental issues that led…
24K-Production Investors in embattled specialized hospital REIT operator Medical Properties Trust, Inc. (NYSE:MPW) were likely stunned the recent release of MPW’s fourth-quarter earnings results didn’t lead to a further downfall in its stock. As a result, the dip-buying momentum following its January selloff seems to have continued in earnest as investors consider whether the “bad…
Chatham Lodging Trust (NYSE:CLDT) Q4 2023 Earnings Conference Call February 27, 2024 11:00 AM ET Company Participants Chris Daly – DG Public Relations Jeffrey Fisher – Chairman, President, CEO Jeremy Wegner – CFO & SVP Dennis Craven – EVP & COO Conference Call Participants Anthony Powell – Barclays Capital Operator Greetings, welcome to Chatham Lodging…
Seven Hills Realty Trust (NASDAQ:SEVN) Q4 2023 Results Conference Call February 21, 2024 11:00 AM ET Company Participants Kevin Barry – Senior Director of Investor Relations Tom Lorenzini – President and Chief Investment Officer Fernando Diaz – Chief Financial Officer and Treasurer Conference Call Participants Matthew Erdner – JonesTrading Chris Muller – Citizens JMP Operator…
ryasick Mortgage REIT Blackstone Mortgage Trust (NYSE:BXMT) delivered a solid earnings beat of $0.07 per-share last week, causing shares to increase by 4%. However, the mortgage REIT’s portfolio is showing weakness as the percentage of performing loans declined for the third time in Q4’23. Additionally, Blackstone Mortgage Trust has a smaller dividend safety margin (weaker…
Blacqbook Arbor Realty Trust’s (NYSE:ABR) Q4 2023 earnings call just came out. With it came an update on its financial results and the health of its multifamily loan portfolio, most of which is coming to maturity soon. I covered it twice in December, the first time giving my long-term view of the business and the…
Start Time: 10:00 January 1, 0000 11:15 AM ET Arbor Realty Trust, Inc. (NYSE:ABR) Q4 2023 Earnings Conference Call February 16, 2024, 10:00 AM ET Company Participants Ivan Kaufman – President and CEO Paul Elenio – EVP and CFO Conference Call Participants Steve Delaney – Citizens JNP Jay McCanless – Wedbush Jade Rahmani – KBW…
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…
Andrew Merry/Moment via Getty Images Over the past few years, housing affordability has been thrust into the limelight as home values continue to appreciate. While beneficial for homeowners, increasing home prices leave future generations and first-time buyers in a difficult position. The changing tide serves as a serious multidecade tailwind for multifamily investors. Renting continues…
Acadia Realty Trust (NYSE:AKR) Q4 2023 Results Conference Call February 14, 2024 11:00 AM ET Company Participants Jeff Winston – Senior Associate in Asset Management Ken Bernstein – President and CEO John Gottfried – Executive Vice President, Chief Financial Officer Stuart Seeley – Senior Managing Director of Strategy and Public Markets A.J. Levine – Senior…
This article was written by Follow Author and entrepreneur. My articles typically cover macroeconomic trends, portfolio strategy, value investing, and behavioral finance. I like to profit from the biases and constraints of other investors.You can read some more of my work for free here. Analyst’s Disclosure: I/we have a beneficial long position in the shares of…
Javier Ghersi/Moment via Getty Images Written by Nick Ackerman, co-produced by Stanford Chemist. Franklin Universal Trust (NYSE:FT) provides exposure to both high-yield bonds and utilities. That combination can provide some fairly attractive yields for investors. However, similar to most equity closed-end funds, it will also require capital gains to achieve the fund’s current 7.88% distribution…
Essex Property Trust, Inc. (NYSE:ESS) Q4 2023 Earnings Conference Call February 7, 2024 2:00 PM ET Company Participants Angela Kleiman – President & Chief Executive Officer Barb Pak – Executive Vice President & Chief Financial Officer Rylan Burns – Executive Vice President & Chief Investment Officer Jessica Anderson – Vice President, Operations Conference Call Participants…
PennyMac Mortgage Investment Trust (NYSE:PMT) Q4 2023 Earnings Conference Call February 1, 2024 6:00 PM ET Company Participants David Spector – Chairman and Chief Executive Officer Dan Perotti – Chief Financial Officer Conference Call Participants Bose George – KBW Matthew Howlett – B. Riley Kevin Barker – Piper Sandler Eric Hagen – BTIG Jason Weber…
Washington Trust Bancorp, Inc. (NASDAQ:WASH) Q4 2023 Earnings Conference Call January 25, 2024 8:30 AM ET Company Participants Elizabeth Eckel – EVP, Chief Marketing and Corporate Communications Officer Ned Handy – Chairman and CEO Ron Ohsberg – Senior EVP, CFO and Treasurer Bill Wray – Senior EVP and CRO Conference Call Participants Mark Fitzgibbon –…
da-kuk On January 11th, 2024, spot Bitcoin (BTC-USD) ETFs started trading in US markets for the first time. This is an enormous positive step for the cryptocurrency industry and for Bitcoin specifically as an investable asset. Frankly, since Grayscale won its lawsuit with the SEC last year, the approval of these ETFs has been a…
TERADAT SANTIVIVUT Performance and net asset value Quarterly return†: 5.67% NET ASSET VALUE PER UNIT AT 31 DECEMBER 2023†: $1.0695 Click to enlarge †after all ongoing and performance fees. The high water mark on 31 December 2023 is $1.0723/unit Global equity indices generally rose in the December quarter by 7-10%, with a strong rebound…
Hispanolistic Physicians Realty Trust (NYSE:DOC) is a leading MOB-focused healthcare REIT that offers passive income investors a high quality dividend and portfolio growth in the lucrative medical office industry. Healthcare spending is a long-term uptrend in the U.S. and with the aging of the U.S. population driving healthcare expenditures, I think that Physicians Realty Trust…
Hispanolistic The market can get truly absurd from time to time. Instead of being this efficient machine that many believe it to be, it can create scenarios that logically do not make sense. A great example of this can be seen by looking at what occurred on January 5th. Shares of Medical Properties Trust (NYSE:MPW),…
Kwarkot Introduction To say 2023 has been an eventful year for Arbor Realty Trust (NYSE:ABR) would be an understatement. The company saw significant fluctuations in its share price over the year, from a low of just over $10/share to a high of close to $18/share. This was in no small part due to the short…
DNY59 I’ve argued that 2024 will see a return to dividend-style investing given the Fed pivoting on rates, and think there are a number of good funds to play this. For this reason, the First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) is worth a look for any investor seeking to tap into the potential of…