*Login to contribute


Welcome to the REITNotes Community! This is a spot for REIT enthusiasts to share their passion and knowledge of the REIT market. We encourage you to ask questions to the community and share your ideas about anything related to REITs and the real estate sector.



What’s on your mind?


by @
Please become familiar with our Community Terms of Use before posting.
Profile-Icon
Prologis, Inc - Prologis Reports Fourth Quarter and Full Year 2019 Earnings Results - News released on Wed, 22 Jan 2020 13:02:12 +0000 (UTC) - REITNewsHeadlines - 2020-01-23 02:07:03 PDT - See full comment

Write a Comment

by @
Please checkout our Community Terms of Use before posting.
Comments (Login to add a comment)

Profile-Icon
Hi guys, Prologis, #PLD reported results for the fourth quarter of 2019: "Net earnings per diluted share was $0.61 for the quarter and $2.46 for the year compared with $0.94 and $2.87 for the same periods in 2018. Core funds from operations (Core FFO)* per diluted share was $0.84 for the quarter, including $0.02 of net promote income, compared with $0.80 for the same period in 2018, which included $0.05 of net promote income. For the full year 2019, Core FFO was $3.31 compared with $3.03 for the same period in 2018. Further, Core FFO for full-year periods 2019 and 2018 included net promote income of $0.18 and $0.14, respectively." - Kev B - 2020-01-23 02:08:15 PDT

*Login to reply this comment


Write a Reply to a Comment

by @
Please become familiar with our Community Terms of Use before posting.

Profile-Icon
Brandywine Realty Trust Press Release: Brandywine Realty Trust Announces Tax Characteristics of Its 2019 Distributions - News released on 17 Jan 2020 16:18:25 -0500 - REITNewsHeadlines - 2020-01-22 23:43:28 PDT - See full comment

Write a Comment

by @
Please checkout our Community Terms of Use before posting.
Comments (Login to add a comment)

Profile-Icon
#BDN paid me dividends today. The stocks have been flat, but the dividends are growing. - CapitalKing - 2020-01-22 23:43:28 PDT

*Login to reply this comment


Write a Reply to a Comment

by @
Please become familiar with our Community Terms of Use before posting.

Profile-Icon
Apple Hospitality REIT, Inc. Press Release: Apple Hospitality REIT Announces February 2020 Distribution - News released on 21 Jan 2020 16:17:57 -0500 - REITNewsHeadlines - 2020-01-21 22:02:47 PDT - See full comment

Write a Comment

by @
Please checkout our Community Terms of Use before posting.
Comments (Login to add a comment)

Profile-Icon
#Aple declared 10 cents dividend distribution as it as done so for a long time now. - BlueBlue - 2020-01-21 22:02:47 PDT

*Login to reply this comment


Write a Reply to a Comment

by @
Please become familiar with our Community Terms of Use before posting.

Profile-Icon
LTC Properties, Inc. Press Release: LTC Invests $33 Million in Acquisitions - News released on 21 Jan 2020 09:31:15 -0500 - REITNewsHeadlines - 2020-01-21 21:42:54 PDT - See full comment

Write a Comment

by @
Please checkout our Community Terms of Use before posting.
Comments (Login to add a comment)

Profile-Icon
LTC Properties Inc. (NYSE: #LTC), a seniors housing and care REIT, acquired two Michigan seniors housing communities and one Texas skilled nursing center. The Michigan communities will be operated by Randall Residence, and the Texas center will be operated by HMG Healthcare. Both regional operators are new to LTC. This represents 156 total assisted living and memory care units with 10-year triple-net master lease, escalating 2% annually starting in the second year of the lease, with four, five-year renewal options. And Skilled nursing center with 140 licensed beds with10-year triple-net master lease, escalating 2% annually starting in the second year of the lease, with two, five-year renewal options. - BlueBlue - 2020-01-21 21:42:54 PDT

*Login to reply this comment


Write a Reply to a Comment

by @
Please become familiar with our Community Terms of Use before posting.

Profile-Icon
Monmouth Real Estate Investment Corporation Press Release: Monmouth Real Estate Declares Common And Preferred Dividends - News released on 17 Jan 2020 16:18:06 -0500 - REITNewsHeadlines - 2020-01-18 14:25:54 PDT - See full comment

Write a Comment

by @
Please checkout our Community Terms of Use before posting.
Comments (Login to add a comment)

Profile-Icon
Monmouth has not increased dividends in what will now be 10 quarters, which is already 2 quarters longer than its last raise. It has previously increased from $15 cents to $16 cents within 8 quarters and has now been at $17 cents for the last 10 quarters, I was expecting they would have increased to 18 cents now. I will wait to see what #MNR announces next quarter. - wolfman82 - 2020-01-18 14:25:54 PDT

*Login to reply this comment


Write a Reply to a Comment

by @
Please become familiar with our Community Terms of Use before posting.

Profile-Icon
Hi everyone, I saw on the REITBot page that AKR is currently trading close to its 52 Week low price, any thoughts if this is a good REIT to buy now? - Faston - 2020-01-16 21:49:03 PDT - See full comment

Write a Comment

by @
Please checkout our Community Terms of Use before posting.
Comments (Login to add a comment)

Profile-Icon
Arcadia’s stock price may be low based on some of the recent retail headlines: Bed, Bath and Beyond (BBB) is closing stores in at least 8 states. Advocate Medical Group is closing immediate care clinics at seven Walgreens stores. Target had disappointing sales during the 2019 holiday season. Target represents 5.6% ABR for #AKR, Walgreens 2.9% ABR for #AKR, and BBB represents 2.2% of its ABR. All this news and the general direction of retail aren’t helping Arcadia. I still do have to say though that #AKR owns a unique set of retail footprint, and I imagine they would hold up better than other Retail REITs. - Kev B - 2020-01-18 00:56:30 PDT

*Login to reply this comment


Write a Reply to a Comment

by @
Please become familiar with our Community Terms of Use before posting.
Reply to Comment

Profile-Icon
On the other hand, two of #AKR tenants with the most number of rented stores are TJX companies (TJMax) with 8 locations, and JP Morgan Chase with 7 locations and these companies are doing well. Unfortunately between both tenants, they represent just shy of 3% of Arcadia’s annualized base rent. - Bob_knows - 2020-01-18 13:46:25 PDT


Profile-Icon
Colony Credit Real Estate Announces Monthly Dividend for Common Stockholders - News released on Wed, 15 Jan 2020 16:04:35 -0500 - REITNewsHeadlines - 2020-01-16 21:44:37 PDT - See full comment

Write a Comment

by @
Please checkout our Community Terms of Use before posting.
Comments (Login to add a comment)

Profile-Icon
Colony Credit Real Estate declared its monthly cash dividend of $0.10 per share of class A common stock (the “Common Stock”) for the monthly period ended January 31, 2020. This is an 8.71% dividend yield on #CLNC. - Faston - 2020-01-16 21:44:37 PDT

*Login to reply this comment


Write a Reply to a Comment

by @
Please become familiar with our Community Terms of Use before posting.

Profile-Icon
Diversified Healthcare Trust - Diversified Healthcare Trust Announces Quarterly Dividend on Common Shares - News released on 16 Jan 2020 09:02:29 -0600 - REITNewsHeadlines - 2020-01-16 13:56:00 PDT - See full comment

Write a Comment

by @
Please checkout our Community Terms of Use before posting.
Comments (Login to add a comment)

Profile-Icon
#DHC kept same 15 cents dividend value from before company’s transformation. That’s good. - LLNN - 2020-01-16 13:56:00 PDT

*Login to reply this comment


Write a Reply to a Comment

by @
Please become familiar with our Community Terms of Use before posting.

Profile-Icon
New to this website. Why are SPG’s key market stats all wrong? eg: Market Cap showing at $97B when it’s calculated at $45B by yahoo finance, TD, etc. Can we trust the numbers here, is this an anomaly, or am I looking at it wrong? - craig Turl - 2020-01-16 10:42:01 PDT - See full comment

Write a Comment

by @
Please checkout our Community Terms of Use before posting.
Comments (Login to add a comment)

Profile-Icon
Good find Craig. Ya, $97Billion is wrong and would be a considerable market cap for a REIT! - wolfman82 - 2020-01-18 14:27:07 PDT

*Login to reply this comment


Write a Reply to a Comment

by @
Please become familiar with our Community Terms of Use before posting.
Profile-Icon
Welcome to the community Craig. You are correct, I checked and this market cap should be around $45B instead of $97Billion for SPG. I made a small check on the market cap of EPR, TRNO, WPC, and PLD, and they look correct (similar to some other sites). Not sure if it is only the market cap data point that is wrong for SPG, or if it may also be other data points wrong for some other REITs, I will make some more spot checks. - Kyuie - 2020-01-17 20:30:38 PDT

*Login to reply this comment


Write a Reply to a Comment

by @
Please become familiar with our Community Terms of Use before posting.

Profile-Icon
MGM Growth Properties - MGM Growth Properties and Blackstone Real Estate Income Trust to Form Joint Venture to Acquire the Las Vegas Real Estate of the MGM Grand and Mandalay Bay for $4.6 Billion and Simultaneously Execute Long-Term Lease with MGM Re - News released on 14 Jan 2020 08:11:20 -0600 - REITNewsHeadlines - 2020-01-16 00:20:14 PDT - See full comment

Write a Comment

by @
Please checkout our Community Terms of Use before posting.
Comments (Login to add a comment)

Profile-Icon
In addition as part of this deal, Blackstone Real Estate Income Trust (BREIT) will purchase $150 million in #MGP Class A shares, and MGP will own 50.1% of the joint venture, and BREIT will own 49.9%. - Gekko5 - 2020-01-16 00:20:14 PDT

*Login to reply this comment


Write a Reply to a Comment

by @
Please become familiar with our Community Terms of Use before posting.

Profile-Icon
Alexandria Real Estate Equities, Inc. Press Release: Alexandria LaunchLabs - AgTech, the Premier Platform Accelerating the Growth of Early-Stage AgTech and FoodTech Companies, to Award $100,000 AgTech Innovation Prize - News released on 15 Jan 2020 09:22:52 -0500 - REITNewsHeadlines - 2020-01-15 19:19:24 PDT - See full comment

Write a Comment

by @
Please checkout our Community Terms of Use before posting.
Comments (Login to add a comment)

Profile-Icon
I received my dividends from #ARE Alexandria today! Always nice! I also got paid by #VER, #KRC, #APTS, #STAG, #BRX, #IRET, #FPI today! I love to see this money coming in! - Kodibearb - 2020-01-15 19:19:24 PDT

*Login to reply this comment


Write a Reply to a Comment

by @
Please become familiar with our Community Terms of Use before posting.

Profile-Icon
Vornado Realty Trust Press Release: Vornado Declares Quarterly $.66 Dividend On Common Shares - News released on 15 Jan 2020 11:43:53 -0500 - REITNewsHeadlines - 2020-01-15 16:48:15 PDT - See full comment

Write a Comment

by @
Please checkout our Community Terms of Use before posting.
Comments (Login to add a comment)

Profile-Icon
Same as what #VNO paid las couple of quarters. - Rocco64 - 2020-01-15 16:48:15 PDT

*Login to reply this comment


Write a Reply to a Comment

by @
Please become familiar with our Community Terms of Use before posting.
Reply to Comment

Profile-Icon
Still not bad Rocco64, I got paid by Vornado #VNO today and I’m reinvesting it in #VNO! - Kodibearb - 2020-01-15 19:21:49 PDT


Profile-Icon
CyrusOne Announces Cost Reduction Initiative and European Leadership Transition - News released on Mon, 13 Jan 2020 08:33:09 -0500 - REITNewsHeadlines - 2020-01-13 09:36:29 PDT - See full comment

Write a Comment

by @
Please checkout our Community Terms of Use before posting.
Comments (Login to add a comment)

Profile-Icon
I purchased #CONE about 1 hour ago and price still going lower. - RoTtom - 2020-01-14 10:03:45 PDT

*Login to reply this comment


Write a Reply to a Comment

by @
Please become familiar with our Community Terms of Use before posting.
Profile-Icon
#Cone also announced in the press release that - it has mutually agreed with Tesh Durvasula, President of Europe, that he will leave CyrusOne to pursue other interests, effective March 1, 2020, and remain in a consulting role through June 30, 2020. Matt Pullen, Managing Director of Europe, will assume his responsibilities. - BlueBlue - 2020-01-13 15:24:40 PDT

*Login to reply this comment


Write a Reply to a Comment

by @
Please become familiar with our Community Terms of Use before posting.
Profile-Icon
Why is #Cone down 6% this morning?? - Rocco64 - 2020-01-13 10:07:18 PDT

*Login to reply this comment


Write a Reply to a Comment

by @
Please become familiar with our Community Terms of Use before posting.
Reply to Comment

Profile-Icon
#CONE is slowly rebounding, this was probably a good buy opportunity! - Kodibearb - 2020-01-15 19:22:41 PDT

Profile-Icon
Any previous indications of this cut? - Omick99 - 2020-01-13 13:55:31 PDT

Profile-Icon
#CONE today announced a “workforce reduction, effective immediately, that impacts 55 employees, representing approximately 12% of the Company’s workforce. “This step to rightsize the organization, while not an easy decision, will result in enhanced margins and higher profitability over time, strengthening our position in the current environment as we maintain our focus on driving organic growth,” said Gary Wojtaszek, president and chief executive officer of CyrusOne.” So this is concerning since it appears to come out of left field to me. That is why we saw an unexpected price drop. - LLNN - 2020-01-13 10:11:10 PDT


Profile-Icon
Colony Credit Real Estate Announces Monthly Dividend for Common Stockholders - News released on Thu, 17 Jan 2019 09:06:03 -0500 - REITNewsHeadlines - 2020-01-13 09:17:52 PDT - See full comment

Write a Comment

by @
Please checkout our Community Terms of Use before posting.
*Login to write a comment

Profile-Icon
Landmark Infrastructure Partners LP and the City of Lancaster, California Announce Exclusive Agreement to Develop and Deploy Landmark’s FlexGrid™ Ecosystem Solution - News released on Tue, 15 Jan 2019 08:12:52 -0500 - REITNewsHeadlines - 2020-01-12 20:54:56 PDT - See full comment

Write a Comment

by @
Please checkout our Community Terms of Use before posting.
*Login to write a comment

Profile-Icon
Ladder Capital Corp Press Release: Ladder Capital Corp Announces Payment of Fourth Quarter 2018 Dividend to Holders of Class A Common Stock - News released on 24 Jan 2019 16:18:12 -0500 - REITNewsHeadlines - 2020-01-12 18:51:15 PDT - See full comment

Write a Comment

by @
Please checkout our Community Terms of Use before posting.
*Login to write a comment

Profile-Icon
If REITs are required to payout 90% if annual taxable income to the shareholder in to form of dividends, then why is it that some REITs show to have such low payout ratios? - ReaderBeliever - 2020-01-11 16:28:26 PDT - See full comment

Write a Comment

by @
Please checkout our Community Terms of Use before posting.
Comments (Login to add a comment)

Profile-Icon
The thing is that many REITs when referring to the payout ratio they are talking about the ratio in relationship to Funds From Operations (FFO) or Adjusted Funds From Operations (AFFO) which is different than the GAAP defined Income. - Kev B - 2020-01-12 14:28:38 PDT

*Login to reply this comment


Write a Reply to a Comment

by @
Please become familiar with our Community Terms of Use before posting.
Reply to Comment

Profile-Icon
Yes, that is because Funds From Operations (FFO) equals GAAP Net Income + Depreciation. So the payout ratio of dividend against FFO is lower than against the Net Income. - Bob_knows - 2020-01-12 16:20:28 PDT


Profile-Icon
What is a UPREIT and a DOWNREIT? - heyyo - 2020-01-11 12:42:10 PDT - See full comment

Write a Comment

by @
Please checkout our Community Terms of Use before posting.
*Login to write a comment

Profile-Icon
Prologis, Inc - Prologis Completes $4 Billion Acquisition of Industrial Property Trust - News released on 8 Jan 2020 15:10:41 -0600 - REITNewsHeadlines - 2020-01-11 11:20:07 PDT - See full comment

Write a Comment

by @
Please checkout our Community Terms of Use before posting.
Comments (Login to add a comment)

Profile-Icon
#PLD acquire Industrial Property Trust Inc (https:www.reitnotes.com/reit/Industrial-Property-Trust-Inc/symbol/1558441) The IPT portfolio comprises 37.5 million square feet and 236 properties, 96 percent of which are in existing Prologis markets. The transaction expands Prologis’ position in key U.S. markets, including Southern California, the San Francisco Bay Area, Chicago, Atlanta, Dallas, Seattle and New Jersey. IPT’s 450 customers, 172 of which are existing Prologis relationships. I wish PLD’s dividend yield wasn’t so low and I would buy more shares. - TimHl - 2020-01-11 11:20:07 PDT

*Login to reply this comment


Write a Reply to a Comment

by @
Please become familiar with our Community Terms of Use before posting.

Profile-Icon
The market seems very heated but many REITs don’t seem to be following it. - Atopp - 2020-01-10 11:03:05 PDT - See full comment

Write a Comment

by @
Please checkout our Community Terms of Use before posting.
Comments (Login to add a comment)

Profile-Icon
I purchased a couple of shares of #EPR today while the price is still lower than usual. - Kyuie - 2020-01-17 20:53:30 PDT

*Login to reply this comment


Write a Reply to a Comment

by @
Please become familiar with our Community Terms of Use before posting.