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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.



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EPR Properties Press Release: EPR Properties Declares Monthly Dividend for Common Shareholders - News released on 18 Oct 2019 09:17:29 -0400 - REITNewsHeadlines - 2019-10-18 10:29:32 PDT - See full comment

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Nice monthly payouts! #EPR declared dividend of $0.375 per common share. This dividend represents an annualized dividend of $4.50 per common share, an increase of over 4% over prior year and the EPR’s ninth consecutive year with an annual dividend increase. - RoTtom - 2019-10-18 10:29:32 PDT

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Terreno Realty Corporation Press Release: Terreno Realty Corporation Announces Quarterly Operating, Investment and Capital Markets Activity - News released on 10 Oct 2019 16:07:29 -0400 - REITNewsHeadlines - 2019-10-17 21:46:44 PDT - See full comment

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I bought Terreno Realty Corp - #TRNO today. I’m optimistic about industrial REITs long term prospects and this one leads the pack! - JohnforkO - 2019-10-17 21:46:44 PDT

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SL Green Realty Corp. Reports Third Quarter 2019 EPS of $0.40 Per Share; and FFO of $1.75 Per Share - News released on Wed, 16 Oct 2019 16:07:58 -0400 - REITNewsHeadlines - 2019-10-17 10:04:10 PDT - See full comment

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Earlier this week I received my #SLG dividends, sure nice to get paid by a solid REIT, which I think will likely raise dividends again within the next 1-3 quarters. My guess anyways. - Bob_knows - 2019-10-17 21:14:32 PDT

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I bought more SL Green stocks today. #SLG has a healthy interest rate coverage ratio and debt levels I feel confident about this office REIT even in a downturn. - CapitalKing - 2019-10-18 21:09:00 PDT

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#SLG improved Funds from operations YoY. FFO, of $1.75 per share for the third quarter as compared to $1.66 per share for the same period in 2018. - Omick99 - 2019-10-17 10:04:10 PDT

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Crown Castle Reports Third Quarter 2019 Results, Provides Outlook for Full Year 2020 and Announces 7% Increase to Common Stock Dividend - News released on Wed, 16 Oct 2019 16:17:39 -0400 - REITNewsHeadlines - 2019-10-17 09:59:25 PDT - See full comment

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This is excellent news on an already great stock. Will check to see if can still get in on #CCI at reasonable price today. - Omick99 - 2019-10-17 09:59:25 PDT

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#CCI shot up almost 10 dollars in last week. - Rken - 2019-10-18 12:19:45 PDT


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Realty Income Corporation - 592nd Consecutive Common Stock Monthly Dividend Declared By Realty Income - News released on Wed, 16 Oct 2019 00:46:14 +0000 (UTC) - REITNewsHeadlines - 2019-10-16 11:02:27 PDT - See full comment

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I own both Realy Income #O and Store Capital #STOR REITs, recently I prefer Store Capital. Compare the exposure of both companies to its top 10 customers. Realty Income’s top 10 customers represent 34.30% of its revenues while for Store Capital its top 10 customers represent only 16.5% of its revenues. Granted Realty’s tenants may be better known nationally than Stores. I still prefer the smaller exposure Store has compared to O. - JohnforkO - 2019-10-17 21:51:46 PDT

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I believe this is the same value paid last month. - Rocco64 - 2019-10-16 11:02:27 PDT

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#O declared their 592nd consecutive common stock monthly dividend. The dividend amount of $0.227 per share, representing an annualized amount of $2.724 per share. - Billy123 - 2019-10-16 13:37:57 PDT


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Will stocks rebound on bank earning reports? J.P. Morgan posted positive results and market is up. - Atopp - 2019-10-15 10:02:20 PDT - See full comment

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Even Netflix, which analysts had doomed, did great so the market is feeling optimistic. - Rken - 2019-10-18 12:21:42 PDT

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My portfolio was overall up 0.65% based on today’s market rally. With all the news still to come this week I’m not confident to keep today’s gains (as I didn’t sell any shares). - 777i - 2019-10-15 21:47:43 PDT

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Bank of America posted bettter-than-expected Q3 earnings today. Some of these gains come from the revenues generated from its investment banking division, and small increases in net interest income. On the other hand talks and data on weak September retail numbers are holding the market flat so far today. - LLNN - 2019-10-16 11:00:17 PDT


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GEO Group, Inc. Press Release: The GEO Group Declares Quarterly Cash Dividend of $0.48 Per Share - News released on 14 Oct 2019 06:47:35 -0400 - REITNewsHeadlines - 2019-10-14 13:49:29 PDT - See full comment

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Last week it was announced that Gov. Gavin Newsom signed legislation banning the outsourcing of inmates to private contractors, which resulted in negative results for REITs like #GEO. With this new legislation, the state Department of Corrections and Rehabilitation will not be allowed, starting from 2020, to contract (or renew) private-prison corporations. It will also ban the state of Cali from keeping prisoners in private lockups by 2028. From what I check on GEO Group’s financial reports, the State of California represents approximately only 2.5% of its revenues. Maybe it represents more depending on the grouping of how customers are defined. But this is what I have gathered. So is this latest hit to its stock price warranted? - Fifthtime - 2019-10-17 22:35:38 PDT

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My concern isn’t with #GEO being in the middle of a political storm, and I don’t believe that is the only reason for its stocks to be beat down. It’s that some of this REIT’s fundamentals don’t convince me. The company cut its dividend value from 70 cents to 47 cents in Q2 2017 after having a Dividend to Normalized FFO above 100% for the quarter. In my opinion, this whole business model also has risks so I’m not going to overload on the stocks because of a 12%+ dividend. I have seen this play out before with other REITs. - Paul_R_investor - 2019-10-15 22:28:06 PDT

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Paying out 12.5% dividend yield at current price. Very attractive! - Omick99 - 2019-10-14 13:49:29 PDT

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I working on practicing restrain. I have many shares of #GEO already at 9-10% div yield. Just because it is at 12% I don’t want to buy a lot more which may unbalance my portfolio. - Atopp - 2019-10-14 14:26:17 PDT


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Tech stocks versus REITs: How will the current Unicorn stock IPO situation impact investor interest on REITs? - LLNN - 2019-10-14 09:32:26 PDT - See full comment

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According to a MarketInsider piece “The number of unprofitable companies going public has surged to "tech bubble levels” ... “the percentage of companies going public that have yet to generate positive earnings has reached 70%.” according to Bank of America Merrill Lynch analysts.” https:markets.businessinsider.com/news/stocks/ipos-for-unprofitable-companies-have-hit-tech-bubble-levels-baml-2019-10-1028596996 This in my opinion will drive more investors to seek more stable stocks and industries. - LLNN - 2019-10-14 09:43:25 PDT

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Which REITs have Amazon.com as a major tenant (customer)? - Kodibearb - 2019-10-13 11:12:12 PDT - See full comment

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#TRNO third-largest tenant is Amazon.com with Terreno’s 2.5% revenues. The first two tenants are US Government and FedEx. XPO is ranked as TRNO’s number 9th largest customer. - Billy123 - 2019-10-18 21:42:50 PDT

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Kilroy Realty Corp [#KRC] has 2% of rent revenues coming from Amazon.com office leases in Amazon’s HQ Seattle area region. - Mr.Opinion - 2019-10-13 22:50:14 PDT

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@Kodiberb you are asking some good questions. Amazon.com represents 6.1% of Leased SF and 6.8% of ANLV of Duke Realty (#DRE). Amazon.com ranks as number one in Duke’s customer’s list. The top ten tenants of Duke account for 19.4% of total tenants which is moderate in my analysis. - Kev B - 2019-10-13 12:30:28 PDT

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Which REITs have the best tenant base? Is it better to be very diversified with tenants? Or to have fewer tenants which are high quality? - Kodibearb - 2019-10-12 18:19:58 PDT - See full comment

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Yes, diversification is key. - Jon7421 - 2019-10-13 20:43:35 PDT

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There are two aspects to it. You don’t want a REIT to be so dependent on a tenant that if the tenant goes bankrupt it will bankrupt the REIT. This can happen when 1) If one or a couple of tenants represent a high percentage of a REIT’s revenues, and 2) If the quality and rating of the tenants are low. A REIT needs to be careful not to try to grow to fast at the expense of filling their properties with high-quality tenants. - Gekko5 - 2019-10-13 23:51:45 PDT


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Franklin Street Properties Corp. Press Release: Franklin Street Properties Corp. Declares Quarterly Dividend - News released on 11 Oct 2019 12:03:47 -0400 - REITNewsHeadlines - 2019-10-12 10:19:04 PDT - See full comment

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Franklin declared a dividend of $0.09 per share for the quarters like previous quarters. During the last three quarters, Franklin’s Dividend/AFFO has continuously increased, with the previous two quarters being 150% and 300%. Dividend/FFO is looking better in a safe payout zone. Still, I will wait to see the next quarter’s ratios. I would like to see #Fsp do well. - Me332 - 2019-10-12 10:25:23 PDT

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#FSP has a declining office property, and a declining ROAA(%) 2019 FQ2 YTD 0.05, versus 0.67 in 2018 FY, and declining ROAE(%) 2019 FQ2 TYD 0.10, vs 1.53 2018 FY. - CapitalKing - 2019-10-12 11:54:13 PDT


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It is a magic of compound - Kevin Song - 2019-10-10 22:52:03 PDT - See full comment

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Isn’t it Warren Buffet who says that Compound Interest is one of the Eight Wonders of the World! - Bob_knows - 2019-10-12 00:31:31 PDT

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Yes, it is Kevin! - Gekko5 - 2019-10-10 23:39:47 PDT

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I like investing in monthly REITs. I can reinvest the capital faster! Compounds quicker than quarterly REITs. In some parts of the world, REITs only pay dividends once or twice a year! So getting paid 12 times a year is incredible! - Greaterthan - 2019-10-11 07:44:10 PDT


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National Health Investors, Inc. Event: Q3 Earnings Release - News released on 9 Oct 2019 01:00:37 -0400 - REITNewsHeadlines - 2019-10-09 09:32:00 PDT - See full comment

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At 5% dividend yield and a REITRating dividend growth rate of 9, #NHI is looking good. - Omick99 - 2019-10-09 09:32:00 PDT

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REITs outperformed the S&P500 so far this year! - Rken - 2019-10-09 00:07:42 PDT - See full comment

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I bought #ARE Alexandria RE this week, and glad to see it trending up post acquisition. - Rken - 2019-10-18 12:25:56 PDT

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Take a look at how well REITs like PS Business Parks #PSB has done this year. Not only that they are a good company with good fundamentals. - Kenbeertt - 2019-10-12 23:12:19 PDT

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Nareit reported on 10/3: “REITs outperformed the broader stock market in the third quarter of 2019, according to Nareit. The FTSE Nareit All REITs Index , the broadest U.S. REIT index containing both equity and mortgage REITs, gained 7.24% on a total return basis in the third quarter and 27.37% in the first nine months of 2019, compared to the S&P 500’s respective gains of 1.70% and 20.55%.” - Rken - 2019-10-09 00:09:06 PDT

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Does this take into account dividend yield? - Omick99 - 2019-10-09 09:33:10 PDT


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SBA - SBA Communications Corporation Sets Date for Third Quarter 2019 Earnings Release - News released on 7 Oct 2019 10:51:54 -0500 - REITNewsHeadlines - 2019-10-08 22:44:18 PDT - See full comment

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#SBAC is not an attractive investment. The price is dropping yet still high. I like the sector but I don’t like its interest health coverage and debt level ratios. Pass. - BlueBlue - 2019-10-08 22:44:18 PDT

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Pebblebrook Hotel Trust Press Release: Pebblebrook Hotel Trust Executes Contract to Sell Topaz Hotel - News released on 8 Oct 2019 07:31:50 -0400 - REITNewsHeadlines - 2019-10-08 12:30:50 PDT - See full comment

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As far as hotel occupancy level for hotel goes #PEB is doing ok but slightly down. How will the sale of this Topaz hotel contribute to that average going forward and do they plan to buy stronger units? - CapitalKing - 2019-10-08 12:30:50 PDT

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#Peb sold this 99-room hotel in D.C. for 33 million dollars, which based on the trailing 12-month period ended June 2019, the contracted sales price reflects an attractive 4.8% net operating income capitalization rate for the seller. - Atopp - 2019-10-08 13:13:36 PDT


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Sachem Capital Corp. Announces Third Quarter Dividend of $0.12 Per Share - News released on Mon, 07 Oct 2019 12:00:19 +0000 (UTC) - REITNewsHeadlines - 2019-10-07 20:14:30 PDT - See full comment

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Same dividend value #Sach paid last quarter. Their dividend values have been too much of a roller coaster ride for me to want in. - Rocco64 - 2019-10-07 20:14:30 PDT

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Make Reits great again - Dong Lee - 2019-10-04 06:25:01 PDT - See full comment

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REITs are doing better than overall market so I’m satisfied! - Omick99 - 2019-10-09 10:41:44 PDT

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I fear a market correction may wipe out gains REITs have done this year. I do expect REIT prices to hold their value better than other stock sectors. - Greaterthan - 2019-10-11 07:46:01 PDT

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Hi Dong Lee! I’m with ya! - Atopp - 2019-10-06 22:42:51 PDT

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REITs could still be better by having higher dividend yields. REITs can either start paying out higher payout ratios which many can afford or we can hope for corrections to buy REITs at more attractive multiples. - Billy123 - 2019-10-07 20:25:56 PDT

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I think REITs right now are pretty great! They have appreciated and having strong financial performance. - LLNN - 2019-10-07 18:08:20 PDT


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Simon® and E-commerce Entrepreneur Michael Rubin Launch New Partnership Dedicated to Digital Value Shopping - News released on Wed, 02 Oct 2019 07:00:16 -0400 - REITNewsHeadlines - 2019-10-02 12:29:22 PDT - See full comment

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I’m impressed by this #SPG initiative! This is the right type of changes mall REITs should be doing. “Simon and Rubin to be equal partners in Rue Gilt Groupe and the new online outlet marketplace, ShopPremiumOutlets.com(sm) Simon contributing approximately $280M; combined company poised to surpass $1B in online sales.” That is a big investment and commitment! I hope it pans out! - LLNN - 2019-10-02 12:29:22 PDT

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Connecting online sales and physical stores is a better strategy than trying to revitalize foot traffic to malls by adding entertainment which consumers have no interest. - Rocco64 - 2019-10-02 17:01:26 PDT


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LTC Properties, Inc. Press Release: LTC Declares Its Monthly Common Stock Cash Dividend for the Fourth Quarter of 2019 - News released on 1 Oct 2019 09:31:55 -0400 - REITNewsHeadlines - 2019-10-01 10:09:36 PDT - See full comment

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Another consistent monthly 0.19 cents per share. - Atopp - 2019-10-01 10:09:36 PDT

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I will wait to see what #LTC’s price does to get it at close to 5% div yield as I don’t expect them to raise the div value in short term. - Billy123 - 2019-10-01 14:10:36 PDT