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REIT stock prices have fallen hard during the last two days. Do you think this is a flash price decline which will be followed by a fast rebound or the start of massive price correction? In which case, it is better to wait for prices to drop further? - wolfman82 - 2019-06-26 17:13:53 PDT - See full comment

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UDR, Inc. Press Release: UDR Prices $300 million of 3.200% Senior Unsecured Notes Due 2030 - News released on 25 Jun 2019 17:02:05 -0400 - REITNewsHeadlines - 2019-06-25 22:46:09 PDT - See full comment

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#Udr negotiated a competitive rate rate of 3.2% which is below the average debt IR REITs currently pay. - Atopp - 2019-06-25 22:46:09 PDT

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Kilroy Realty Corporation Press Release: Kilroy Realty Signs Lease With Fortune 50 Company for 100% of 333 Dexter in Seattle - News released on 24 Jun 2019 17:23:28 -0400 - REITNewsHeadlines - 2019-06-24 15:30:29 PDT - See full comment

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Kilroy #KRC has done well specializing in the West Coast market, the company has an outstanding A-Class portfolio of properties in the greater Seattle area. This latest property located on Dexter Avenue is a testament to their well-performed research and understanding of the area. - Gekko5 - 2019-06-24 15:30:29 PDT

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So Apple, Inc. is Kilroy’s new tenant for 333 Dexter Avenue, I was under the impression that it would be a healthcare tech company moving into the building, but it makes sense that Apple would be located blocks away from Amazon, Inc. and Google, Inc. offices. Apple has plans to expand its Seattle team to 2000 employees within the next 5 years. Investing in #KRC for the long term just became more attractive. https:www.businessinsider.com/apple-announces-new-office-seattle-2000-employees-2019-6 - Kev B - 2019-06-24 21:47:27 PDT


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Is it better to invest in REITs or in real estate? Which one do you guys believe generates better investment returns? What has been your experience in investing in either REITs or buying physical properties directly? - philmore - 2019-06-24 10:23:07 PDT - See full comment

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Owning real estate takes a lot more effort than most imagine to keep the recurring cash flows coming in. While once you pick the right REITs you can enjoy years of dividend cash flows with not additional al effort. - Atopp - 2019-06-26 00:37:26 PDT

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Which are the most profitable REITs? - Kenbeertt - 2019-06-23 06:02:39 PDT - See full comment

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The most profitable REITs which I track when measuring AFFO return per shareholder are #NHI $1.22 AFFO/Share, #EPR 1.36 AFFO/Share, $1.21 AFFO/Share, #LSI $1.31 AFFO/Share, and #Eqix with a whopping 5.95 AFFO/Share. - Gekko5 - 2019-06-24 15:11:04 PDT

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Are you looking for REITs with highest FFO or AFFO per shareholder? - Billy123 - 2019-06-23 23:03:50 PDT

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Public Storage (#PSA) - wolfman82 - 2019-06-26 17:17:00 PDT


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Sachem Capital Corp. Prices Registered Public Offering of $23 Million of 7.125% Notes - News released on Fri, 21 Jun 2019 13:47:07 +0000 (UTC) - REITNewsHeadlines - 2019-06-23 05:33:17 PDT - See full comment

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Am I mistaken, or is 7.125% notes a pretty high-interest rate for #Sach to be paying? Doing quick math the average rates I’m seeing for other REIT is 4-5%. So I assume I’m missing something on this. - Rken - 2019-06-23 05:33:17 PDT

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Hi REITNotes Community, in your opinion at what price is American Tower Corp no longer a buy? - LLNN - 2019-06-23 04:16:49 PDT - See full comment

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American Assets Trust, Inc. Acquires La Jolla Commons in San Diego, California - News released on Thu, 20 Jun 2019 16:26:36 -0400 - REITNewsHeadlines - 2019-06-20 23:16:52 PDT - See full comment

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So #AAT, in this La Jolla Commons purchase they got "two trophy office towers, an entitled development parcel and two parking structures, located in the preeminent University Town Center submarket of San Diego, California. The two LEED platinum office towers at La Jolla Commons were built in 2008 and 2014. One tower, consisting of approximately 421,000 square feet, is 100% leased to credit-rated LPL Financial. The other tower, consisting of approximately 303,000 square feet, is approximately 72% leased to such major tenants as U.S. Bank National Association, Paul Hastings LLP and Finch, Thornton & Baird LLP, among others." to quote their press-release. These appear to be excellent acquisitions, but I look forward to learning how they plan to get that second tower to 100% occupancy. Hopefully, they got a good deal since it was only 72% leased. Can be a significant win if AAT uses their skills to quickly fill-up the rest of the building. - Star_Go - 2019-06-20 23:16:52 PDT

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What are your favorite books on investing, REITs, Real Estate or business? - LLNN - 2019-06-19 21:59:06 PDT - See full comment

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Great list so far, thanks for sharing everyone, I look forward to readying your recommendations. One book which I like that was recommended by my master’s professor is: The Real Estate Game: The Intelligent Guide To Decisionmaking And Investment by Jeffrey L. Cruikshank and William It is one of those books to always keep on hand. - LLNN - 2019-06-23 09:48:28 PDT

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A great book for business and personal development is “How to Win Friends and Influence People” by Dale Carnegie. Best book I have ever read. - Rocco64 - 2019-06-22 22:10:39 PDT

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Rich Dad Poor Dad by Robert Kiyosak, the book in my opinion is applicable if you are buying real estate directly or through REITs. - Omick99 - 2019-06-21 14:34:33 PDT

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I mean how can we possibly narrow down to a couple of books when there are so many great books across these categories, some that I can remember of the top of my head are Think and Grow Rich by Napoleon Hill, and The Big Short: Inside the Doomsday Machine by Michael Lewis. I like Michael Lewis’ books he can bring ordinary business events to full life with fascinating life and business lessons. - Star_Go - 2019-06-20 22:13:05 PDT

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My personal favorite REIT related book is, Investing in REIT by Ralph Block. I learned a lot about REITs through this book. - alexanderTgreat - 2019-06-19 22:04:58 PDT

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Thanks, @alexanderTgreat, I got the Investing in REITs book by Ralph Block which you recommended and I’m really liking it, I’m blown away by the amount of content in it. My recommendation for this forum is the classic and timeliness "The Intelligent Investor by Benjamin Graham." I mean, it was just a matter of time before someone added it to this list, so might as well be me. - Fyryr - 2019-06-21 22:06:50 PDT

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Hi, AlexanderTGreat I like your book recommendation and your German Shepard :D - Kyuie - 2019-06-19 23:06:42 PDT


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How do you guys feel about EastGroup Properties, Inc, is it still a buy? Is it a risky investment at this price? - Jon7421 - 2019-06-19 17:30:14 PDT - See full comment

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#DEA is a top performing REIT, the company has a healthy and well-balanced debt and interest coverage ratio, healthy dividend payout ratio, and is steadily growing. I think its a good long term investment. - BlueBlue - 2019-06-22 21:22:29 PDT

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#Dea along with rest of market had an attractive price decrease today. - LLNN - 2019-06-25 21:22:34 PDT

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I think its a good long term investment. - AI_AI - 2019-06-25 05:50:53 PDT

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I’m with you BlueBlue on #DEA, it is a buy, in the past I avoiding EastGroup as I could get higher dividend yields with other reits, but DEA has held its stock price at reasonable levels and its 5% dividend yield is attractive in this market. The company is also performing well on multiple indicators and has a well-covered dividend/FFO payout ratio of 83%. - Kenbeertt - 2019-06-23 04:40:19 PDT

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The company focused on a reliable tenant which is the US government, so I you can expect more stability from it top line entires. Now since #DEA focuses primarily on Class A commercial properties that are leased to U.S. Government agencies through the General Services Administration, doesn’t this limit their growth or speed of growth compared to other REITs? - Atopp - 2019-06-20 10:01:53 PDT

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It is one of the REITs I’m interested in @Jon7421. I’m waiting for the share price to go down to get a 3% dividend yield. - LLNN - 2019-06-19 21:48:53 PDT

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Preit - PREIT Executes Lease with Burlington as the Lead Replacement for Sears at Dartmouth Mall - News released on 19 Jun 2019 15:30:35 -0500 - REITNewsHeadlines - 2019-06-19 17:26:44 PDT - See full comment

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Glad to see #PEI continues replacing Sears stores with new tenants. Also, look forward to seeing more details on their initiative to create 5,000 to 7,000 multifamily units in their mall properties in DC and Philly. - CapitalKing - 2019-06-19 17:26:44 PDT

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Front Yard Residential Corporation Announces Quarterly Cash Dividend - News released on Tue, 18 Jun 2019 21:28:36 -0400 - REITNewsHeadlines - 2019-06-19 10:08:39 PDT - See full comment

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They declared $0.15 dividend payment per common share, that is consistent with previous quarter dividend payment. - Omick99 - 2019-06-19 10:08:39 PDT

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#Resi hasn’t raised their dividends from $0.15 since they cut it down from $0.55 per quarter in Q4/2015. With their FFO & AFFO values, I don’t expect them to be able to afford to raise the dividends anytime soon. - Fyryr - 2019-06-19 20:08:25 PDT


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Cousins Properties Incorporated Press Release: Cousins Properties Announces Second Quarter 2019 Common Stock Dividend - News released on 18 Jun 2019 16:18:32 -0400 - REITNewsHeadlines - 2019-06-18 14:33:36 PDT - See full comment

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Cousin declared a cash dividend of $0.29 per common share for Q2. I’m glad no dividend cuts post the merger with TIER. This dividend is equivalent with the first quarter of 2019 dividend of $0.0725 per common share after giving effect to the recently completed 1-for-4 reverse stock split. - Bob_knows - 2019-06-18 14:33:36 PDT

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SL Green Realty Corp. to Release Second Quarter 2019 Financial Results After Market Close on July 17, 2019 - News released on Tue, 18 Jun 2019 07:31:55 -0400 - REITNewsHeadlines - 2019-06-18 12:24:49 PDT - See full comment

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I’m interested to understand why the revenues and assets for #SLG have decreased in 2017 & 2018. It makes sense that if the total Assets dropped that revenues would also drop. I’m assuming it is the disposition of building in their portfolio faster than the acquisition, I just wonder why it has been the case for two-to-three straight years? Regardless I like SL Green as they are a market leader in Manhattan./New York office properties. - AI_AI - 2019-06-18 12:24:49 PDT

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Great reit, following downward price trend to buy at lowest point in following weeks. - Rocco64 - 2019-06-21 15:32:10 PDT

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@Ai_Ai, it probably has to do with #SLG owning few yet large buildings (111 properties), so the sale of a couple of building has a larger impacts on its total asset value and revenues. Compare that with some triple net lease retail REITs with thousands of small stores, and the sales of a few units will probably go unnoticed. - Atopp - 2019-06-20 10:16:53 PDT


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Do you guys expect there to be market correction on REIT prices or do you think they are fair priced? - Billy123 - 2019-06-17 11:51:09 PDT - See full comment

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I look forward to seeing when the first Q2 quarterly reports start coming out, I expect we may have quick adjustments to whole sectors if some companies hit below estimates. - Rocco64 - 2019-06-22 21:40:30 PDT

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We have been readying articles about signs, signals, alarms, indicators that the market is going to crash for at least the last 18 month, yet nothing so far. Hard to say when it will come, the important thing it to keep your head about what your investment strategy is and ask yourself if you will be ok with your picks if the market does have a correction no or within the next two years. Here is piece from Quartz on “ $12 trillion of negative-yielding bonds are sending a clear message of distress” By Eshe NelsonJune 19, 2019. https:qz.com/1647791/12-trillion-of-negative-yielding-bonds-are-a-distress-signal/amp/ - Atopp - 2019-06-20 09:48:06 PDT

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The Federal Open Market Committee announce today that they voted 9-1 to keep the benchmark rate in the target range of 2.25-2.5% and left the door open for the possibility of a future rate cut based on continued observation of the economy. The REIT stocks which I follow were mostly tending below opening price today, yet post the news they are currently above opening price. - LLNN - 2019-06-19 13:13:46 PDT

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As usual, today, while other sectors (e.g. tech) were green, many top REITs were red for the day. When the market is hot for the tech sector and others, REITs seem to get little love. - Kev B - 2019-06-18 22:45:38 PDT

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So we are now within a 1% record high on the S&P 500, according to MarketWatch: http:www.marketwatch.com/story/dow-futures-rally-150-points-as-ecbs-draghi-hints-at-rate-cuts-ahead-of-fed-meeting-2019-06-18 - AI_AI - 2019-06-18 11:51:16 PDT

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Article on BI "Trump told the US stock market exactly what it wanted to hear. Then it had its best day in 2 weeks. by Rebecca Ungarino:" https:markets.businessinsider.com/news/stocks/stock-market-today-reaction-to-trump-xi-g20-meeting-news-2019-6-1028288938 - Bob_knows - 2019-06-18 14:37:10 PDT

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Hard to know what to expect anymore Billy123. - Gekko5 - 2019-06-17 23:10:44 PDT

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Unless it is for the purpose of actively trading, I feel priced out of many reit stocks for long term holding and collecting dividends. Don’t get me wrong though there are still plenty of opportunities but the scale is tipping. - Atopp - 2019-06-17 12:55:01 PDT

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Yes, I think some investors I buying on the expectation to sell on a bump before or on Wednesday. - Paul_R_investor - 2019-06-17 19:04:49 PDT


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Ventas Announces $0.8 Billion in New University-Based Research & Innovation Developments - News released on Mon, 17 Jun 2019 08:04:51 -0400 - REITNewsHeadlines - 2019-06-17 11:00:42 PDT - See full comment

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So many opportunities in this field, glad to invest in #VTR and that VTR is investing in these strategic partnerships. - Rocco64 - 2019-06-22 22:02:48 PDT

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Nice work #VTR in continuing to advance these initiatives and partnerships. Although I own few Ventas shares it is nice to see it appreciate in my portfolio and to receive their dividends. - Omick99 - 2019-06-17 11:00:42 PDT

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VICI Properties - VICI Properties Inc. to Acquire Three Regional Gaming Properties and Enter into Master Lease Agreement with Century Casinos, Inc. - News released on 17 Jun 2019 05:01:48 -0500 - REITNewsHeadlines - 2019-06-17 08:44:39 PDT - See full comment

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I’m impressed #Vici got a 9.0% Cap rate on these properties. - LLNN - 2019-06-17 08:44:39 PDT

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The 9.0% cap rate seems like a good discount for Class A properties in those regions. - Gekko5 - 2019-06-17 23:20:51 PDT


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Which are the best REITs that pay monthly dividends? - heyyo - 2019-06-16 14:23:26 PDT - See full comment

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Gladstone Commercial Corporation, Inc. is paying one of the highest dividend yields amongst monthly equity REITs, without having to buy mortgage REITs. I like #Good portfolio. One drawback is that they don’t raise dividends values and I’m not sure why. - Molly23da - 2019-06-22 15:22:11 PDT

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Overtime REITs change their dividend payment format from quarterly to monthly and vice-versa, so its good to keep an eye for those changes in REIT you pick because of the monthly dividend payment preference. - Kyuie - 2019-06-20 21:55:52 PDT

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I own #GNL Global Net Lease and it pays consistent monthly dividends. It doesn’t raise it past $0.177 per month but it also hasn’t reduced it since Jan 2017 when it used to pay $0.178 per month. Half of their portfolio is Office, about one quarter is Industrial, and the remaining is Distribution Centers and Retail. - Fifthtime - 2019-06-18 21:16:54 PDT

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One REIT ETF that I like and try to buy on price drops is #SRET by GlobalX. - Bob_knows - 2019-06-17 07:49:39 PDT

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On the top of the list, I would say are #STAG which is an industrial REIT, #O Realty Income which is a triple Net Lease Retail REIT, #EPR which is diversified in the segments of Entertainment, Recreation, and Education. - CapitalKing - 2019-06-17 00:17:04 PDT

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Realty Income is probably the most popular and respected monthly dividend REIT. - Fyryr - 2019-06-19 20:09:47 PDT


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If the Fed doesn’t cut Interest Rates this coming Wednesday, do you think it may result in stock prices to drop across the market? - Kyuie - 2019-06-15 20:04:05 PDT - See full comment

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With news today that IR cuts may not be as deep as investors previously expected, the market has been hit hard today. Presenting some reduced prices on many top quality REITs. - LLNN - 2019-06-25 21:29:12 PDT

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Would we expect a large number of REITs to refinance their loan terms if the Feds cut interest rates in July? - Kenbeertt - 2019-06-23 04:30:37 PDT

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My reit positions closed overall in the red on Friday. - Rocco64 - 2019-06-22 21:44:17 PDT

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According to the news, the Fed’s have been hinting hard that they will cut IR in the coming month, imagine if they now don’t. If IR is cut are there certain REITs which will become more attractive to you? - Star_Go - 2019-06-20 23:05:23 PDT

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There certainly is pressure from Trump for Feds to cut rates this week. - BlueBlue - 2019-06-16 19:19:11 PDT

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The Feds didn’t cut rates, but they did something just as suitable for investors, they gave investors hope that IR would be reduced in the future. I believe that for the broad market the real impact of 1.00% more or less interest rate doesn’t compute to investors about the actual effects for a REIT, company or the economy, they correlate that IR cuts are good and IR hikes are bad. (Until it isn’t). So the interest rate today is as high as it was yesterday, yet that was reason enough for the market to gain confidence and prices rise even higher. It concerns me that the market has been moving higher and higher for so long at such speed. I wonder at which point the intelligent value investors said "I’m out" and are holding on the sidelines until the market correction comes. Meanwhile, I continue to seek out REITs with the highest dividend payments with the most solid fundamental with the opportunity for capital gains. Obviously, this is becoming more and more tricky. - LLNN - 2019-06-19 21:42:50 PDT

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Hi Kyuie, there is an interesting article on MW about this. About the "what if?" check it out: https:www.marketwatch.com/story/the-fed-may-break-a-lot-of-stock-market-investors-hearts-next-week-2019-06-15 - AI_AI - 2019-06-15 21:48:33 PDT

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Great article Kyuie, thanks for sharing the link. Hard to know how the market will react. Past experiences would tell me that if the Feds hicked the interest rate the market would react bearish, and if they left the IR unchanged the market would react bullish. But now it seems that unless they cut the interest rate the market will also be bearish. So hard to know what will be the outcome. I will be closely following for any opportunities to buy on stock drops. - CapitalKing - 2019-06-16 12:38:06 PDT


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Cousins Properties Incorporated Press Release: Cousins Properties Closes Merger With TIER REIT - News released on 14 Jun 2019 12:07:23 -0400 - REITNewsHeadlines - 2019-06-14 12:41:19 PDT - See full comment

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I look forward to seeing in the "new" #CUZ Q2 earning reports how their new balance sheet will stack up, and the G&A and operating expenses on their Income Statements. I’m optimistic about this deal. - BlueBlue - 2019-06-15 13:01:20 PDT

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I’m interested in researching more on this merger between #CUZ and #TIER. Both companies seem to have complementary Office assets. I want to review the numbers to see if this will result in a stronger single REIT. - Billy123 - 2019-06-14 12:41:19 PDT

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@Billy123, Cousin and Tier REIT had put out a presentation in March about the merger, in it they called out a couple of points: "Modestly Dilutive to Cousins’ 2019 FFO Per Share Driven By: i) Temporarily low Cousins’ FFO multiple due to one time Norfolk Southern Gains / Fees. ii) High TIER FFO multiple due to large, 81% pre-leased, current development pipeline." and "Cousins’ current annualized dividend of $0.29 per share will represent a 20% increase for TIER shareholders. " They also called out that "Continued commitment to simple, low leverage strategy. Pro Forma ~4.5x Net Debt / EBITDA remains well below the office sector average." The presentation calls out that the merger of #CUZ and #TIER will result in "Unmatched portfolio of trophy office assets balanced across the premier Sun Belt markets." I will also be tracking the progress of this merger closer, as I’m always interested in learning from the expectations and promises before a merger and the outcomes post the transaction once the dust has settled. - Davestew - 2019-06-14 21:13:10 PDT


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Which hotel and entertainment REITs do you like the best? - Rocco64 - 2019-06-14 11:04:12 PDT - See full comment

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I’ve looked into #BHR (Braemar Hotels & Resorts, Inc) to add it to my portfolio, however, the weak interest rate coverage ratio of 2.14 concerns me in this cyclical hotel and tourism industry. I will give this REIT a couple more years to continue to improve its operations before I decide to invest in it. - Gekko5 - 2019-06-24 15:54:03 PDT

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Hi Rocco64, check out #INN Summit Hotel there are a couple of things like about this REIT. - Kyuie - 2019-06-15 21:14:30 PDT

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I would also expect #INN to raise the dividend value any quarter now, they have a history of increasing dividends, and their AFFO value is rising, and their AFFO payout ratio is well covered, so the elements for a raise are there. However, I’m unsure if there are cyclical changes in the hotel/tourism business which would keep #INN conservative from raising their dividends, I would need to read the risk section of their next quarterly report to see if they are calling out any concerns. Although with the current strong economy, I would not imagine there is a lack of tourism for business or pleasure. - Rken - 2019-06-23 05:45:54 PDT

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Gaming & Leisure Properties, Inc. is a good one. Continuously increasing the top line, a good price-to-book value, steady dividend increase, good selection of hotel, and gaming properties. One of the best things about #GLPI is its triple Net Lease model (NNN); it leases its properties to gaming operators. So it doesn’t need to know how to operate successful casinos and hotel businesses, it just needs to ensure they manage all the complex REIT aspects of the business and keep their properties in top shape. - BlueBlue - 2019-06-15 12:39:41 PDT

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In the Casino, Hotel and resort segment I like MGM Growth Properties LLC (#MGP), the company has performed well in last 4 years and is still paying 5.80% dividend yield. Company is growing dividends, AFFO, Revenues, yet still trading at around 14x AFFO. Based on my calculations its debt ratio is inline (average) of similar REITs. - Kev B - 2019-06-18 02:24:54 PDT

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#VICI is one that I like, they own a portfolio of 24 properties between Casio Hotels and Resorts and Golf Courses in nine US states, and VICI’s balance sheet also looks healthy for me. I think they are one of the strongest REITs in the hotel’s sector. - Fyryr - 2019-06-14 23:44:53 PDT

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Anworth Mortgage Asset Corporation Press Release: Anworth Declares a $0.11 Per Share Second Quarter Common Stock Dividend - News released on 13 Jun 2019 16:07:40 -0400 - REITNewsHeadlines - 2019-06-13 22:00:59 PDT - See full comment

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Unfortunate, Anworth’s (#ANH) dividends have been steadily and slowly being reduced year after year, back in 2017 and 2018 it was paying $0.15 per share, later reduced it to $0.14, followed by $0.13 and now $0.11. The current dividend yield ratio is at 13%, and the stock price slowly continues to decrease. I hope they have a plan to change this trend around. - YolpnoB - 2019-06-13 22:04:21 PDT

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There is a lot of variability in the dividend payments made by mREITs, not only Anworth. - Fyryr - 2019-06-15 00:08:34 PDT


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W. P. Carey Inc. Press Release: W. P. Carey Inc. Increases Quarterly Dividend to $1.034 per Share - News released on 13 Jun 2019 16:38:06 -0400 - REITNewsHeadlines - 2019-06-13 18:42:29 PDT - See full comment

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#WPC has been great about continuously raising dividends every quarter for years, but I can’t help to notice that ever since the W. P. Carey completed its $5.9 Billion merger with CPA®:17 it has reduced its quarterly dividend increases from $0.005 to $0.002. Also, their FFO payout ratio is higher than pre-merger. I was hoping to keep buying WPC, but at this price, I will have to wait. - Gekko5 - 2019-06-13 21:49:08 PDT

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Post #WPC’s acquisition of CPA®:17 it did reduce its Debt/Asset Ratios, which is a good thing. - Kev B - 2019-06-14 01:29:59 PDT

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I love seeing how #WPC is consistently increasing their dividend payments quarter over quarter. Thank you WPC! - GoGo - 2019-06-13 18:42:29 PDT

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Yes the company has shown discipline in raising FFO dividends quarter over quarter. Something which becomes more challenging as they continue to grow. - Rocco64 - 2019-06-14 10:27:46 PDT


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GEO Group, Inc. Press Release: The GEO Group Amends Senior Revolving Credit Facility Extending Maturity to May 2024; Size and Pricing Remain Unchanged - News released on 13 Jun 2019 06:57:50 -0400 - REITNewsHeadlines - 2019-06-13 07:51:06 PDT - See full comment

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Long on #GEO. I own their common shares and I have been happy with results. - BlueBlue - 2019-06-13 07:51:06 PDT

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Yes, #GEO’s stock prices have rebounded to the levels before the fears that correctional facilities would become unpopular with lenders, investors, and politicians. I’m also long not GEO! - Rken - 2019-06-13 10:13:07 PDT


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Which REITs do you think have too much leverage and Debt? - Faston - 2019-06-12 18:08:52 PDT - See full comment

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It is important to also look at debt levels relevant to a specific REIT sector, as some sector may require higher debt levels due to the type of properties and the cash-flows of that business and sector can support higher ratios. - BlueBlue - 2019-06-15 12:43:58 PDT

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Hi Faston, to answer the question. Brookfield Property REIT - #PBR has one of the highest leverages of the REITs I have come across, from what I calculated for Q1 2019 they have a Total Shareholder Equity to Total Assets ratio of just 3.52%. I own some #PBR stocks because I believe in the REIT and parent companies potential, so let’s see where this goes. - YolpnoB - 2019-06-13 23:53:39 PDT

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From the REIT’s balance sheets I have been analyzing this evening, some that have higher leverage (Debt-to-Assets), (Debt-to-equity), (Equity-to-Assets) ratios are #CBL, #RESI Front Yard Residential, #SRG Sertigate. This is not an exhaustive list just some I have found so far, I’m also not sure how they rank with others. I will continue to look through more REITs and call out any others I find worth mentioning. - Gekko5 - 2019-06-12 23:26:10 PDT

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It is funny how things change, 10 years ago some investors used to think and comment that mall REITs could have higher debt-levels because malls were considered more stable forms of income. How things change, right? #CBL now with its debt/asset level of 75% in the most recent quarter is highly leveraged making it challenging to fuel the necessary turn-around. - Kev B - 2019-06-22 11:46:53 PDT

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Is cbl though reducing its leverage with the sales of some malls each year? - heyyo - 2019-06-16 15:48:16 PDT


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Iron Mountain - Iron Mountain Announces Early Adopters for First-of-Its Kind Renewable Power Data Center Solution - News released on 12 Jun 2019 05:30:59 -0500 - REITNewsHeadlines - 2019-06-12 12:03:05 PDT - See full comment

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Good old IRM :D - BlueBlue - 2019-06-16 19:20:41 PDT

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I bought #IRM after its fall from $36 to $31, I believe it will rebound. - Billy123 - 2019-06-12 12:03:05 PDT

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keep leading the pack #IRM - Gekko5 - 2019-06-12 21:50:03 PDT


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Cousins Properties Incorporated Press Release: Cousins Properties Signs 561,000 Square-Foot Lease For The Proposed Combined BB&T And SunTrust Corporate Headquarters In Charlotte - News released on 12 Jun 2019 10:05:16 -0400 - REITNewsHeadlines - 2019-06-12 11:37:26 PDT - See full comment

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Glad #CUZ is picking properties with strong tenants like SunTrust Corp! - Atopp - 2019-06-12 11:37:26 PDT

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QTS Ranked by Environmental Protection Agency as a Data Center Industry Green Power Leader - News released on Tue, 11 Jun 2019 13:01:25 +0000 (UTC) - REITNewsHeadlines - 2019-06-11 18:24:38 PDT - See full comment

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#QTS looks poised to grow in 2019, take a look at how it invested and grew its assets during 2018, yet it wasn’t reflected in its 2018 Revenue growth. I believe the investments the company has made in 2018 will come through this year in growth. - Sem_Sem - 2019-06-11 21:00:20 PDT

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#QTS has remained reasonably prices during Q1 & Q2 compared to the rest of the market. - LLNN - 2019-06-16 20:46:40 PDT

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Congrats #QTS! - deadtom - 2019-06-11 18:24:38 PDT

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Digital Realty - MC Digital Realty Announces Grand Opening Of New Data Center In Osaka - News released on 11 Jun 2019 00:01:23 -0500 - REITNewsHeadlines - 2019-06-11 09:33:52 PDT - See full comment

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This is a huge facility by #DLR “The four-story facility is reinforced with seismic isolation systems, spans over 23,000 square meters, and will deliver up to 28 megawatts of total IT capacity.” And a huge presence the company had in JP. “MC Digital Realty now operates four data centers in Japan – two each in the Tokyo and Osaka metros – and owns strategic land holdings in Osaka that will support the development of up to 55 megawatts of additional IT capacity.” - LLNN - 2019-06-11 09:33:52 PDT

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Digital Realty is up today based on this news so I will wait a couple of days to observe price. - BlueBlue - 2019-06-11 13:30:07 PDT


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Plymouth Industrial REIT, Inc. Press Release: Plymouth Industrial REIT Completes Acquisition of Multi-Tenant Industrial Building in Indianapolis for $17.1 Million - News released on 11 Jun 2019 06:33:17 -0400 - REITNewsHeadlines - 2019-06-11 08:55:31 PDT - See full comment

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Great to see this acquisition by #PLYM seems like a great property “The 484,879-square-foot industrial building on Sam Jones Expressway is 100% leased and located in the Southwest submarket in close proximity to the Indianapolis International Airport. The property serves as the national headquarters for Phoenix Material Management, a provider of container management solutions to manufacturers and distributors, and includes California-based Quemetco Inc. as a tenant, a subsidiary of RSR Corporation that recycles lead-based batteries.” - LLNN - 2019-06-11 08:55:31 PDT

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Yes, lots of room to grow Rken, they are currently only in 10 states mostly in the Eastern half of the US. - Kev B - 2019-06-18 22:23:23 PDT

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Lots of room for Plymouth to grow! - Rken - 2019-06-11 16:34:51 PDT


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In your opinion, which REITs have the strongest fundamentals, and why? Please provide numbers to back it up. Thanks. - Kyuie - 2019-06-09 10:37:04 PDT - See full comment

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I like #BDN and #WRI and both stock price look good. - Star_Go - 2019-06-20 23:06:51 PDT

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Public Storage has solid fundamentals; the company has low debt, good dividend payout ratio, low G&A expenses compared to revenues, steady growth. Whichever way I look at it, #PSA comes out on top. Their AFFO have been increasing although they have not raised their dividends since 2016, so I hope they raise it soon. There has also been a slow down in their revenues growth during the last couple of years, although they are still growing. - LLNN - 2019-06-16 19:58:03 PDT

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Realty Income #O has one of the strongest fundamentals among REITs. - CapitalKing - 2019-06-16 12:12:42 PDT

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I bought Getty Realty this week, the company is a small cap REIT with a diversified portfolio of almost 900 convenience store and gasoline stations. #GTY has a good payout ratio and has consistent and improving AFFO. Unless we do away with people owning and driving cars, I think #GTY is a good reit for years to come. - Omick99 - 2019-06-15 15:39:05 PDT

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National Health Investors has strong fundamentals. In 2019 the company grew its Adjusted FFO almost every quarter compared to 2017. In Q1, the REIT had 232 properties (Senior housing, skilled nursing, hospital, medical office) in 33 states, a well-diversified portfolio. According to #NHI they also have one of the most highest Annual Revenues per Employee in 2018 compared to their industry peers. NHI, according to their May 2019 Shareholders Meeting presentation also reduced its G&A costs as % of Total revenues from 5.1% in 2014, to 4.3% in 2018. According to the report the company decreased its Fixed Charge Coverage from 7.7x in 2015 to 6.0x in 2018. I have invested in some healthcare-related REITs such as #WELL, #VTR, #OHI, #SBRA, #MPW, and others, and #NHI is one of my favorites to buy more right now, due to its healthy numbers. (no pun intended). - Kev B - 2019-06-12 20:02:49 PDT

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I bought #NHI last week, the price has been trading below Q1 2019 range. The REIT scores high on many of my calculations. - CapitalKing - 2019-06-18 23:43:56 PDT

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#APTS in my opinion has strong fundamentals, the price has dropped some in last week so looking at getting some shares. - Rocco64 - 2019-06-11 10:17:46 PDT

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#Apts continues to drop and it’s a buy! - LLNN - 2019-06-25 06:32:59 PDT

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#Apts started the week on a drop, while many REITs are green. - Omick99 - 2019-06-17 11:05:03 PDT

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#BDN Brandywine continues to improve it FFO, increase its dividend payment values and manage a healthy payout ratio. - Billy123 - 2019-06-10 22:02:21 PDT

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Uniti Group Inc. to Participate in the Wells Fargo Securities 2019 5G Forum - News released on Thu, 06 Jun 2019 16:16:54 -0400 - REITNewsHeadlines - 2019-06-07 21:07:26 PDT - See full comment

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I wonder if the issues going on right now with Huawei’s 5G will have any effect on UNIT’s stock price. What do you guys think? - deadtom - 2019-06-07 21:07:26 PDT

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Good question, I have seen #UNIT refer to 5G in their presentation (available on their site), but I have not seen data on how they are positioned for 5G coverage. Maybe it’s there but I don’t get the technical data behind it. The company still has great geo coverage, it’s unfortunate how much the Windstream bankruptcy is impacting the REIT. In Uniti’s first quarter presentation they call-out: Windstream Revenue Represents 63% of Expected 2019 Total Uniti Revenue. (2)(3). (2) Excludes amortized revenue related to tenant capital improvements. (3) Assumes the Windstream lease continues in full force and effect, and that Windstream continues to make all lease payments on time and in accordance with the Master Lease’s general terms. - 777i - 2019-06-07 23:30:03 PDT


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Camden Property Trust Press Release: Camden Property Trust Prices $600 Million 3.150% Senior Unsecured Notes Due 2029 - News released on 6 Jun 2019 16:21:45 -0400 - REITNewsHeadlines - 2019-06-07 17:33:06 PDT - See full comment

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This is good news, #CPT, negotiated this Senior unsecured note at 3.150% which is at a lower interest rate than their other notes [ 4.78% Notes, due 2021; 3.15% Notes, due 2022; 5.07% Notes, due 2023; 4.36% Notes, due 2024; 3.68% Notes, due 2024; 3.74% Notes, due 2028]. Good job Camden, and keep it up! - Fyryr - 2019-06-07 17:33:06 PDT

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Have REIT stock prices been increasing compared to their FFO, are we paying much higher P-FFO multiples now than last year? Is this a good indicator if the market is overheated? - Atopp - 2019-06-07 13:56:10 PDT - See full comment

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Looking at the numbers up until Q1 2019, the stock price to Funds-From-Operations of REITs has been higher (until Q1 2019) compared to 2018, but when you look at the historic P/FFO since 2010 you can draw a straight line across it. In other words, although in Q1 2019 it has been higher than 2018 due to a strong market, what we saw in Q1 2019 is not out of the ordinary P/FFO ratios compared to the last 9 years. I do look forward to seeing Q2 2019 P/FFO numbers as I suspect that it will be higher than anything we have seen during the last 9 years, but after that looking at historic data I suspect we will see a retraction in the P/FFO ratio again within 1-to-2 quarters. This, of course, is just my humble opinion. - LLNN - 2019-06-09 11:41:50 PDT

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Many REIT prices have been above Q1 levels, but for many REITs there was also an improvement in the AFFO so the ratio won’t have been as big a change as the price looks like. However, many stocks are setting new 52 week high prices. - Omick99 - 2019-06-10 10:38:28 PDT


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Essential Properties Realty Trust, Inc. Press Release: Essential Properties Realty Trust, Inc. Increases Quarterly Dividend to $0.22 Per Share, a 4.8% Increase Over Prior Quarter - News released on 7 Jun 2019 06:33:28 -0400 - REITNewsHeadlines - 2019-06-07 12:25:57 PDT - See full comment

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Fantastic news! With this hike, #EPRT has a dividend yield of around 4% at the current stock price. - LLNN - 2019-06-08 14:08:29 PDT

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LEXINGTON REALTY TRUST Press Release: Lexington Realty Trust Receives 2019 NAREIT Bronze Investor Care Award - News released on 6 Jun 2019 16:23:27 -0400 - REITNewsHeadlines - 2019-06-07 09:38:25 PDT - See full comment

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#LXP for the long run, not planning on selling anytime soon. - Atopp - 2019-06-08 14:18:04 PDT

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Great work #LXP! - Rocco64 - 2019-06-07 09:38:25 PDT

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Congratulations #LXP. What exactly does the NAREIT Bronze Investor Care Award mean? Are there metrics to define winning this award? Is it based on investor generated returns or about putting investor’s interest ahead of others? Does it measure how they cared for the investor trailing 1 year? I’m asking since I legitimately don’t know, not to remove any credit away from Lexington’s accomplishment. - Fyryr - 2019-06-07 17:17:16 PDT


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Is Sotherly Hotels Inc. (#SOHO) undervalued? - BlueBlue - 2019-06-06 08:57:26 PDT - See full comment

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Interesting how #SOHO stock increases than has sudden strong swings, like dropping 3.4% yesterday. It may be because is a microcap stock. Likewise at times it has strong similar price increases. - Rocco64 - 2019-06-14 10:53:46 PDT

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A couple of my thoughts on #Soho. It is a micro-cap size reit focused on one type of asset, hotels. This concerns me as hotels are a cyclical industry, and the tourism industry goes through ups and downs, and Soho being small ($493 Million in Assets in 2018) it concerns me their ability to withstand these cycles. Also, the REIT has 12 hotels spread across eight states for [Florida, Georgia, Indiana, Maryland, Virginia, North Carolina, Pennsylvania, and Texas] that concerns me there aren’t sufficient economies of scale spread out this much. In their 5/7/2019 First Quarter report, they adjusted down their 2019 Guidance for FFO per common shares and units from Low Range $0.98 and High Range $1.02; to the revised 2019 Guidance of Low Range $0.91 and High Range $0.95. The call out in the report that "We are revising guidance solely to account for the recent issuance of the Series D Preferred Stock and the anticipated redemption of the 7.25% Notes. The guidance is predicated on estimates of occupancy and ADR that are consistent with the most recent 2019 calendar year forecasts by STR for the market segments in which the Company operates." They did, however, maintain their Adjusted FFO per common share and unit 2019 Guidance the same at Low Range $1.02 and High Range $1.08. - Gekko5 - 2019-06-06 21:39:01 PDT

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#SOHO average occupancy rate across its 12 hotels has been 69.9% in Q1’19, 66.9% in Q4’18, 71.6% in Q3’18, it seems to be dragged down by some its hotel, mainly the DoubleTree by Hilton Laurel in Laurel, Maryland, the Hotel Ballast Wilmington, Tapestry Collection by Hilton in Wilmington, North Carolina, the Sheraton Louisville Riverside in Jeffersonville, Indiana, and the The DeSoto in Savannah, Georgia. This overall occupancy seems pretty soft, and for these hotels, it’s below the national average, although I’m not sure how they compare to hotels in those specific regions. Either way, although I like Sotherly Hotels as a company, and I think they have some beautiful and unique hotels, the current numbers are not attractive enough for me as an investor. - Wallbird - 2019-06-06 23:53:38 PDT

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Hi @Gekko5, what you call out are risks that #SOHO management called out in their report’s Risk Factors section: "Risks Related to Our Business and Properties If the economy falls into a recessionary period or fails to maintain positive growth, our operating performance and financial results may be harmed by declines in occupancy, average daily room rates and/or other operating revenues.... We own a limited number of hotels and significant adverse changes at one hotel could have a material adverse effect on our financial performance and may limit our ability to make distributions to stockholders." - AI_AI - 2019-06-06 22:09:41 PDT

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I think they are still pretty small compared to other reits. They have about 12-13 high-quality hotel properties across multiple states. - Gekko5 - 2019-06-06 19:14:34 PDT

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What do you guys think are some of the best mortgage REITs available today? - 777i - 2019-06-05 19:22:19 PDT - See full comment

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I’ve had a hard time finding mREITs that can consistently increase dividend payment values over long periods. Some mREITs which I know have a history of increasing dividends are #ACRE (Ares Commercial), #ABR (Arbor Realty), #Loan (Manhattan Bridge Capital), #HASI (Hannon Armstrong), and somewhat #NRZ (New Residential Investment). - Fyryr - 2019-06-15 00:01:11 PDT

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With mortgage rates dropping do we expect this to hurt mREITs? What do you guys think? Article from MarketWatch states “mortgage rates have continually fallen throughout 2019 to date. Currently, the 30-year fixed-rate mortgage is averaging 3.82%, roughly a two-year low, according to Freddie Mac.” Source: https:www.marketwatch.com/story/mortgage-rates-are-dropping-so-why-arent-more-people-buying-homes-2019-06-14?mod=mw_theo_homepage - Atopp - 2019-06-14 11:11:43 PDT

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Have there been mREITs that have performed as consistently well as their equity REIT counterparts? - Faston - 2019-06-11 21:36:16 PDT

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Annaly’s (#NLY) Core earnings (excluding PAA) for 1st quarter’19 was $0.29 per average common share. Even though they paid dividends of $0.30 per common share in the first quarter; they already pre-announced an expected quarterly common stock dividend of $0.25 per common share for the remainder of 2019 beginning with the second quarter ( subject to the discretion and approval of our board of directors). I like NLY, but let’s see if they will be able to pay the $0.25 going forward or it will require future decreases. - Rocco64 - 2019-06-08 22:37:25 PDT

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Thanks for the input guys. For me, I have some difficulty when analyzing mREITs if I should compare their dividend payout to EPS, or to Core Earnings (a non-GAP measurement). I’m not sure if I agree or understand all the deductions in the Core Earning’s calculations, for example: "Core earnings is used by management to evaluate the Company’s performance without taking into account: 1) realized and unrealized gains and losses, which although they represent a part of the Company’s recurring operations, are subject to significant variability and are generally limited to a potential indicator of future economic performance; 2) incentive compensation paid to the Company’s manager; 3) non-capitalized transaction-related expenses; and 4) deferred taxes, which are not representative of current operations." And some mortgage reits look twice as good when using the Core Earning numbers versus EPS. - 777i - 2019-06-07 23:03:27 PDT

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I bought #DX at $7.16 a while back and it is now trading at $5.66. Glad it was a small starter position, but I’m not looking to buy more into this mREIT until I see some improvements. - AI_AI - 2019-06-06 22:20:48 PDT

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#DX just announced the implementation of reverse stock split. - LLNN - 2019-06-07 11:54:20 PDT

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I own #NLY for the long long haul, even though it has had its recent ups and downs. - Gekko5 - 2019-06-05 23:42:30 PDT

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Gladstone Land Announces Acquisition of Blueberry Farms in Michigan for $7.8 Million and Expectation of Minimal Impact from Trade Tariffs - News released on Wed, 05 Jun 2019 12:17:51 -0400 - REITNewsHeadlines - 2019-06-05 14:05:49 PDT - See full comment

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Hi @Jon7421, the thing is based on my calculations is that #LAND with its current Adjusted FFO, doesn’t have much room to increase its dividends. The REIT is already paying-out 99.25% of if its first-quarter AFFO in dividends. If it raises that value during one good quarter, it may not be able to cover it the next couple of month if their AFFO decreases. The company has focused on investing/buying new farmlands, and I guess that is the crucial thing at this point, that it continues to increase its portfolio. Take a look, for example, how much its assets have grown, on 12/31/2011 company’s total assets were $32,768,277, in 12/31/2018 it was $565,119,000. So management seems to be focused on growth. - AI_AI - 2019-06-05 20:51:41 PDT

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Now if they would only increase their dividends. - Jon7421 - 2019-06-05 14:05:49 PDT

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What is the difference between when a REIT says a lease is a Net Lease or a triple net (NNN) lease? - ReaderBeliever - 2019-06-04 19:55:01 PDT - See full comment

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Triple Net lease is commonly used in retails (e.g stores) and commercial (e.g. offices) real estate rental agreements, while gross/standard lease agreements are commonly used for residential (e.g. multifamily, single homes, apartments) leases. - LLNN - 2019-06-04 23:17:05 PDT

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Triple N can offer benefit to both the REIT which owns the property and the tenant. For the REIT it means they can be more hands-off the property and have more clear steady cashflow from the property as unexpected maintenance is taken care by the renter. - Omick99 - 2019-06-05 12:24:09 PDT

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In a Triple Net lease agreement, besides paying for the rent the tenant of the building is also responsible for paying: 1) the property tax of the building or unit being rented, 2) the building’s or unit’s insurance, 3) and taking care of the maintenance and/or repairs necessary for the property while they are renting it. These three components are the triple nets (NNN) of the property. If a tenant is only responsible for one or two of these costs (besides the rent) than it is either a single net lease or a double net lease. - Atopp - 2019-06-04 22:57:59 PDT

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What should we expect of REIT stock prices now that the market sentiment is that the Feds will jump in to reduce interest rates if necessary to support the economy? - Billy123 - 2019-06-04 18:22:46 PDT - See full comment

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The market is going strong today with news that Trump will not impose tariffs on Mexican imports, for now. With these events I wonder if the Feds will hold of on interest rate cuts? - Billy123 - 2019-06-10 12:50:29 PDT

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I have a long list of REITs I want to to buy, but at current prices I don’t have the confidence. It is hard for me to imagine there will not be a correction. I don’t want to left stranded having bought them at high tide prices. - Kev B - 2019-06-05 09:28:27 PDT

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On the other hand it is a great time to cash out on some REITs that have done spectacularly well this last two quarters. - Billy123 - 2019-06-05 11:34:04 PDT

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We should be cautious, up until now the Feds have made no concrete promises of lowering the IR. So this rally can be short lived. - Rocco64 - 2019-06-05 08:52:27 PDT

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Soon we will know the real answer to your question, the headline of a Bloomberg report tonight "Fed Inches Toward Rate Cut as Trump’s Trade War Frays Patience By Christopher Condon and Steve Matthews June 4, 2019" https:www.bloombergquint.com/al-economics/fed-inches-toward-rate-cut-as-trump-s-trade-war-frays-patience - Kyuie - 2019-06-04 23:36:32 PDT

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The market started strong this morning for the major market indexes and for REITs. - Gekko5 - 2019-06-05 08:07:46 PDT

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When the Federal Reserve raises the interest rate there is a REIT sell-off, and prices fall. Now that the Feds put the possibility on the table of cutting IR if necessary it can cause investors to feel more confident about investing in REITs now with the assumption that prices for REITs can get a pump later if the Feds cut the IR. - Atopp - 2019-06-04 22:43:05 PDT

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Equinix Unveils Virtual Network Services on Platform Equinix - News released on Tue, 04 Jun 2019 08:04:34 -0400 - REITNewsHeadlines - 2019-06-04 09:24:03 PDT - See full comment

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Impressive #EQIX surpassed $500 a share and has been sustaining it. - Atopp - 2019-06-14 13:36:35 PDT

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I’m glad to see #EQIX continuously innovating, the company is first a Tech company and second a REIT, and this kind of innovation is what keeps it growing. - Wallbird - 2019-06-06 22:52:27 PDT

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#EQIX, ain’t your everyday REIT, this company is playing on a completely different level. - Rocco64 - 2019-06-04 09:24:03 PDT

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Yes, it is nice to have high tech companies like Equinix being structured as REITs. Feels like it gives us the best of both worlds. - Omick99 - 2019-06-04 12:09:43 PDT


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W. P. Carey Inc. and Extra Space Storage Inc. Announce Self-Storage Net Lease Transaction - News released on Mon, 03 Jun 2019 17:08:44 -0400 - REITNewsHeadlines - 2019-06-03 19:17:54 PDT - See full comment

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#WPC Carey’s Stock has done very well this year, a result of years of disciplined work by management. - Rocco64 - 2019-06-09 00:11:20 PDT

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Looks like a good deal for both REITs. #WPC and EXR. have entered into net lease agreements for 36 self-storage properties owned by W. P. Carey. "The properties will be triple-net leased by Extra Space Storage for a period of 25 years. The leases include termination rights for both companies on the 10- and 20-year anniversaries, based on certain performance metrics. Commencing on the three-year anniversary, W. P. Carey also has the right to terminate the leases in the event of a sale, with Extra Space Storage retaining the right of first offer to acquire the properties. Rent generally commences by August 2019 and increases annually by a fixed percentage plus a percentage of revenue growth. The transaction includes a large majority of the self-storage properties that W. P. Carey acquired in its merger with CPA:17, representing approximately 90 percent of its total operating self-storage net operating income." - CapitalKing - 2019-06-03 19:23:25 PDT

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Is Brookfield Property REIT #BPR a good investment? The share price has been falling for weeks now, and I’m not sure why. I’m concerned of buying now and price further falling by a lot. - BlueBlue - 2019-06-03 13:38:57 PDT - See full comment

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I was interested in buying #BPR as it is one of the few Large-Cap REITs with dividend yield of 7% right now. Plus the company has a history of performance. Yet one of the indicators which concerned me was it’s debt interest rate coverage ratio of 2.0 for the first quarter of 2019. I consider this to be risky. The economy is going strong now but what position will it be in if the economy takes a U-turn? - CapitalKing - 2019-06-12 10:52:34 PDT

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Well BPR is rebounding hard today post Powell’s remarks on the FEDs interest rates, let’s see where it closes for the day. - Omick99 - 2019-06-04 12:04:03 PDT

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#BPR is still well priced today. - Rken - 2019-06-06 13:01:33 PDT

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Brookfield’s stock price is approx. 23X Company FFO, that is a mid-low valuation compared to other similar large cap reits (in my overview observation, may be wrong). If #BPR is in good shape than this can be a good opportunity. However, I have not yet taken an in-depth look at the company’s numbers. - Me332 - 2019-06-03 21:57:03 PDT

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Hospitality Properties Trust - Hospitality Properties Trust to Acquire Net Lease Portfolio for $2.4 Billion - News released on 3 Jun 2019 05:03:12 -0500 - REITNewsHeadlines - 2019-06-03 10:11:09 PDT - See full comment

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What loan terms is it getting? Is it inline with #HPT’s current WACC? - Paul_R_investor - 2019-06-17 19:30:57 PDT

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Does a retrial portfolio or a hospitality portfolio have better FFO? I would expect that to indicate a price appreciation in the following quarters. - Atopp - 2019-06-09 15:37:36 PDT

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Interesting... Did #HPT already own Net lease retail properties previously? - Rocco64 - 2019-06-03 10:11:09 PDT

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IN #HPT’s Q1 Investor presentation their portfolio consistent of 327 Hotels in 40 states and 179 Travel Centers in 39 states, a total of 506 properties in 45 unique states. Their hotel brands include Courtyard, Marriott, Holiday Inn, Radisson, Hyatt Place, and others. - Billy123 - 2019-06-03 17:25:06 PDT

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Here is how #HPT describes its current portfolio on its site: “The hotels HPT owns range from midscale to upscale select service and extended stay hotels and upscale to luxury full service hotels. Substantially all our travel centers are full service sites with parking for 200 trucks, 100 cars, restaurants, stores and truck repair on over 26 acres of land.” “HPT’s geographically diverse portfolio of hotel and travel center properties is located in 45 states, Puerto Rico and Canada.” So yes, it seems that with its travel centers HPT already has experience in retail. - Kev B - 2019-06-03 11:13:15 PDT


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Alexandria Real Estate Equities, Inc. Press Release: Alexandria Real Estate Equities, Inc. Declares Quarterly Cash Dividend of $1.00 per Common Share, Up 3 Cents, or 3 Percent, Over 1Q19 - News released on 3 Jun 2019 08:33:35 -0400 - REITNewsHeadlines - 2019-06-03 10:09:02 PDT - See full comment

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Like clockwork #ARE increases its dividends again! - Rocco64 - 2019-06-03 10:09:02 PDT

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I don’t own #ARE because of its low dividend yield (caused by high stock price), however seeing how it is consistent to raise dividends this may be one to get. - Omick99 - 2019-06-03 12:22:16 PDT


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Hi RN Community, what do you guys think of Saul Centers, Inc. (#BFS) as an investment opportunity? - Greaterthan - 2019-06-01 16:44:22 PDT - See full comment

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Saul Centers (#BFS) is very much focused on shopping centers (75.6% of the portfolio), and remaining 24.4% in Office/Mixed-use, and 85.3% of the portfolio is in Washington DC/Baltimore area. To @LLNN earlier point, the fact that they are so focused on one geographic region may also be one of the reasons for their limited visibility in the market. The company does seem to have a niche and understand it well, from 1994 to 2018 the company has had a 5.9% compounded annual operating income growth rate. Most of their properties seem to be grocery-anchored neighborhood shopping centers. They have also kept consistent occupancy levels of 94.3% during the last 10 years, currently (Q1 19) at 96.0%. - Kev B - 2019-06-02 15:00:12 PDT

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Trading at 16.47 time FFO and a dividend yield below 4%, for me #BFS is a hold. I hope to pay less for it with these market swings we are getting. - AI_AI - 2019-06-02 23:59:46 PDT

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#BFS is one of those REITs that doesn’t get a lot of attention; I’m not sure why. Maybe because it is in the much dreaded Retail sector and a small-cap REIT. Yet Saul Center’s has been quietly doing well, raising its dividends 21.5% over the last 3 years, and increasing its FFO 8.7% over the last 2 years. - LLNN - 2019-06-01 23:05:47 PDT

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Hudson Pacific - Hudson Pacific Properties to Develop Office Tower at Washington State Convention Center Addition - News released on 29 May 2019 08:07:01 -0500 - REITNewsHeadlines - 2019-05-31 21:46:44 PDT - See full comment

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Thanks for the link @deadtom. "Hudson Pacific estimates total development costs, including the purchase price, in the range of $300-350 million".... #HPP expects to commence construction "as early as mid-2021 with delivery for tenant improvements in late 2022." That is fast! - Gekko5 - 2019-06-01 14:58:43 PDT

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In case you're interested, you can find out more on this link: https:s22.q4cdn.com/675150095/files/doc_news/2019/5/Convention-Center-PR-052319-FINAL.pdf - deadtom - 2019-05-31 21:46:44 PDT

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What is the real short term or long term impact on REITs from the US and Mexico trade and tariff negotiations? - Kev B - 2019-05-31 12:35:32 PDT - See full comment

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Negotiations are not getting any better with China and Mexico, and neither are they advancing. so I expect more market volatility ahead. - BlueBlue - 2019-06-06 10:11:39 PDT

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Would Fed rate cuts really be the best thing for our economy, if economic expansion is impacted by the trade war? https://www.marketwatch.com/story/stock-market-set-to-stage-rebound-after-nasdaq-enters-correction-phase-2019-06-04?mod=mw_theo_homepage - Rocco64 - 2019-06-04 09:38:20 PDT

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It feels like investors are just waiting for the tipping point, the news, or conflict, or political/economic issue, which will take the whole market over the edge. Based on past disputes with Mexico, this trade tariff doesn’t seem to be one to let up soon. - CapitalKing - 2019-06-02 20:31:04 PDT

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The unrealized threats of a trade tariff may have short-lived impacts on the market and REITs, but the real implementation of any of these hefty tariffs being proposed can have a real impact on the economy, industries, and stock market. If US companies see a sharp decrease in their exports to China, Canada or Mexico, why would they plan to rent out additional office space, distribution centers, and warehouses in the US? These companies would either not have the need to expand, or would not do so in order to control costs in the event of a further decrease in sales. - 777i - 2019-06-01 11:14:04 PDT

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The real impact on the economy is that it hurts imports and exports, which impacts the needs to rent warehouses, industrial complexes, office space and more which affects the people’s ability to pay higher wages for residential leases. The impact on the stock market it that people fear REITs and companies will generate less earning or in REITs case (FFO, AFFO, FAD, etc.) which will impact the ability for REITs to pay dividends. The fear that companies will do worst in the future drives investors to sell the companies stocks as they fear the prices will drop because of this markets fear, so they want to capitalize on the highest stock price before it starts to drop. Of course, this becomes a self-fulfilling fear because as investors begin to sell, prices start to drop, making more investors sell driving the price even lower. - AI_AI - 2019-05-31 20:01:39 PDT

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Some of these fear may be overblown but they will present excellent investment opportunities. - Gekko5 - 2019-06-01 14:00:48 PDT


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Public Storage Press Release: Hundreds More Miami Self Storage Units Opened by Public Storage - News released on 30 May 2019 16:23:28 -0400 - REITNewsHeadlines - 2019-05-30 23:43:14 PDT - See full comment

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#PSA Public Storage is headed towards 2016 levels, which lasted a while then a back down. At current price I’m hesitant to pick this stock for a long time hold. - Atopp - 2019-06-10 23:18:16 PDT

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#PSA picked what appears to be a smart growth region, in the press release they state: [And with more businesses and residents moving in, including an 18% population increase over the last two decades, according to the U.S. Census, Public Storage is eager to make a difference. The area draws a lot of millennials despite an expensive real estate market.] Some analyst a couple of years ago were saying storage unit REIT’s best days were behind them, however, PSA keeps kicking strong quarter after quarter. - BlueBlue - 2019-05-30 23:43:14 PDT

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Which REIT sectors or REITs have great occupancy levels? Is occupancy level a direct correlation with the ability to pay or increase dividends? - BlueBlue - 2019-05-30 22:08:52 PDT - See full comment

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Some of the Office REITs have occupancy rates around 91% to 93% such as Brandywine #BDN with an estimated occupancy of 92.20% at the end of 2018. This is the kind of occupancy level I expect for large office building REITs due to the dynamics of getting new corporate tenants in and out of buildings. The occupancy trend level for office REITs has also been improving since the economy rebound around 2010-2011. - Star_Go - 2019-06-21 00:30:08 PDT

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Hi BlueBlue, NAREIT has a report that compares the occupancy levels between the Office, Industrial, Retail and Apartment REIT sectors. In Q1 2019, the Apartments REITs and Industrial REITs were tied with the highest occupancies. Then followed by Retail REITs which was falling compared to Q4 2018. Next came Office REITs which occupancy level was in last place but showing growth during 3-4 quarters. Since 2009, Industrial REITs have shown the strongest growth in occupancy rate levels, followed by the Office REIT sector. - LLNN - 2019-06-09 11:13:22 PDT

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Any thought on which REITs focused on government properties are most interesting? Is renting to government agencies a sure bet? - Zuggar3 - 2019-05-28 11:31:13 PDT - See full comment

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@Zuggar3, looking through the Q4 2018 supplemental report for #BPR, I saw an answer to your earlier question. In the report, Brookfield state that Government and Government Agencies make up approximately 9.4% of their Core Office tenants (prior to considering partnership interests in partially-owned properties), with a weighted average basis year of expiration of 2032 for these government rents. Hope this helps. - Kev B - 2019-06-03 22:31:39 PDT

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Looking through #BXP report now saw that 1.94% of BXP’s Share of Annualized Rental Obligations in Q1 is from the US Government. Not a large percent when compared to the other reits mentioned here but worth noting. - Rocco64 - 2019-06-01 01:05:16 PDT

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According to Office Properties Income (OPI), 39% of their tenants are from the government industry. - Kyuie - 2019-05-30 08:22:52 PDT

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I’m long on #GEO. They own prisons and correctional facilities. - Rocco64 - 2019-05-29 09:32:13 PDT

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Both Geo and CXW own correctional facilities and prisons, both stocks have taken a beating lately due to concerns of their line of business, yet both companies increased dividends and maintained good payout ratio in Q1. - LLNN - 2019-05-29 22:04:26 PDT

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#DEA is an interesting one. They are focused primarily on the acquisition, development, and management of Class A commercial properties leased to U.S. Government agencies. Today they announced the acquisition of an office building in New Orleans, LA which is a Field Office for the Federal Bureau of Investigation (FBI). Not bad, having the FBI as a tenant. The announcement also stated that #DEA (Easterly Government Properties) now owns nine of the 56 FBI field offices and is the single largest private owner of FBI field offices in the country. - CapitalKing - 2019-05-28 22:59:32 PDT

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#DEA called out in the NAREIT June 2019 Investor Presentation today that 99% of their leases are backed by the US government. That should make most investors well at night holding these shares. - Kev B - 2019-06-04 13:25:16 PDT


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Of the REITs you follow which ones reported better or worst results in Q1 2019 compared last year? - JohnforkO - 2019-05-27 18:12:09 PDT - See full comment

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I’m looking at #MGP (I don’t own shares in it yet). MGM has improved AFFO in Q1 2019 compared to Q1 2018, and has been increasing dividends. - Kev B - 2019-06-03 23:16:00 PDT

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Simon Property Group (#SPG) is an impressive REIT, it continues to grow its Funds From Operations (FFO) and dividends year over year, yet I still have a hard time paying so much for this company. To be honest it is not unreasonably priced at 13x FFO. Yet with everything going on with malls and store closures it is hard for me to pull the trigger on this one. - CapitalKing - 2019-05-30 22:03:29 PDT

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Hi @CapitalKing, #SPG is doing a lot of good things, one of my concerns though is its leverage, which is higher than most REITs. It surprisingly has a healthy interest coverage ratio. - LLNN - 2019-06-23 04:08:34 PDT

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#PLYM showed signs of improvement this quarter being able to cover its dividend payments with FFO for the first time since Q2 2018. - Rken - 2019-05-29 17:02:36 PDT

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Douglas Emmett has increased revenues in 2018 compared to 2017 for the full year, and improved Funds from Operations (FFO) and Adjusted FFO, the company still maintains a safe dividend payout ratio. - Gekko5 - 2019-05-28 06:48:48 PDT

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#EPR showed higher yoy FFO & AFFO. - Kev B - 2019-05-27 22:30:06 PDT

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How do you know if a REIT is a good or bad investment? - heyyo - 2019-05-27 11:55:02 PDT - See full comment

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Be careful with REITs which have very high dividend yields, it may to a REIT which stock price has fallen due to the market losing confidence in the REIT, and the REIT may be close to cutting or stopping its dividend payments. - Me332 - 2019-06-03 21:02:02 PDT

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On a high-level take a look at the company’s Funds from Operations (FFO) or its variations Core, Normalized, Operation, Company, Adjusted, or even its Funds Available for Distribution (FADs) to gauge if the company is improving its financial performance and its ability to pay dividends. Take a look at its dividends payment track record and dividend payout ratio. Reading through the company’s press releases and financial statements, and supplemental r, you can gain an understanding of the strategy the company is executing and the discipline of the management team. Is the REIT expanding? Is it investing in new properties or markets? Is it renovating its existing portfolio? Is it disposing of old properties? What is its ability to pay down its debt payments? Is it selling properties just to pay down debt? Take a look at its track records, is the company all over the place financially? Or is it consistent? Also observe the markets the company operates, some REITs which were considered market darlings failed to see the changes in its geographic region or changes in its industry due to the shifts in consumer behavior. The longer you follow and research the REIT market and particular REITs, the better you will start to see through the good and bad opportunities. Also, don’t rush to invest in REITs you are not familiar with as the devil is in the details. - AI_AI - 2019-05-28 21:13:22 PDT

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Hindsight is usually the best determinant :D - LLNN - 2019-05-28 15:45:52 PDT

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There are many many factors to consider. Some companies look good only on the surface. - Omick99 - 2019-05-28 08:37:53 PDT

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Study as much information as you can about the REITs you are interested in. Don’t just rely on one news piece or article taking good or bad about the stock. Analyze their past performance and what they are doing for future growth, profitability and liquidity. - Kev B - 2019-05-28 09:32:45 PDT


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Large pension funds across the country are cutting REITs out of their funds? Ideas on the why and the impact of this? - Fifthtime - 2019-05-27 01:54:16 PDT - See full comment

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With so many REITs hitting or close to 52W high it’s a reasonable time to exit. Especially with the very strong start REITs had this year. - AI_AI - 2019-05-30 15:32:45 PDT

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I’m still investing in REITs even at current price levels, I’m still sticking to REITs with strong bottom line numbers, however, I’m aware of the risk that a market correction may make us all realize we were paying to much for everything. I hope it isn’t the case. - Fyryr - 2019-06-14 23:48:58 PDT

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I’m ok with that, too many REITs are overvalued and savvy fund managers probably realized it. - Rocco64 - 2019-05-29 09:51:19 PDT

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This can be good for retail investors who want to invest now for the long term. If institutional groups start selling large chunks of share back into the market, the price will finally begin to dropping for some of these REITs. It won’t be suitable for retail investors who were hoping to cash out in the short term, but it will be good for those who are investing now for a longer horizon. - Gekko5 - 2019-05-27 14:54:40 PDT

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Yes, and this is all by cycles, right now some pension funds may be looking to cut their exposure to reits, and then in the next few year the funds can’t buy up reits fast enough. - Atopp - 2019-05-27 17:28:31 PDT

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Here is an article from The Real Deal talking about it: https:therealdeal.com/national/2019/05/25/maryland-pension-cuts-reits-out-of-portfolio/ - Fifthtime - 2019-05-27 01:55:02 PDT

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This Real Deal article states the reason as "Consultant firm Meketa Investment Group said tapping REITs was more helpful when real estate allocations were growing. But that the pension system is now “approaching the 10-percent long-term target allocation and can invest primarily in core and non-core real estate.” The firm did not disclose how the capital from the REITs would be re-invested. Other pension systems have made similar changes this year to eliminate exposure to REITs." - Billy123 - 2019-05-27 10:10:39 PDT


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Will the increase in online grocery store sales put conventional grocery stores and supermarkets and the REITs that own the properties at risk? - Faston - 2019-05-26 00:00:47 PDT - See full comment

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Physical shopping in supermarkets can still offer many benefits over online shopping, so the supermarkets that are on top of their game and listing to customers will continue to do well in the future. My hope is that my REITs partner with the winning retail chains. This is what will eventually separate the good REITs with higher standards and the rest. - Gekko5 - 2019-06-05 23:52:32 PDT

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Many stores are closing including supermarkets and convenience stores. However, in many cases it has nothing to do with online retailers. Customers just picked the better store option which was right across the street. Customers seek better selection, competitive prices, a clean and convenient store, at times a store that better manages customer checkout lines will take the customer’s business. - Rocco64 - 2019-05-29 10:33:30 PDT

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US online groceries more than doubled over two years, and though it’s only about 4% of total grocery sales in the US, it shows what a huge potential it is. An article on BusinessInsider states [the value of the US online grocery market has grown from $12 billion in 2016 to $26 billion in 2018, and it has plenty of room to grow, given that the size of the overall grocery market was $632 billion in 2018 according to IBISWorld]. THE ONLINE GROCERY REPORT: The market, drivers, key players, and opportunities in a growinga rising segment of e-commerce, link: https:www.businessinsider.com/the-online-grocery-report-2019-1. There has to be some calculation to estimate the tipping point when online sales start impacting physical grocery stores. Will it take 5% or 10% of online grocery sales/total grocery sales to start impacting supermarkets? I believe that by the time it hits over 10%, groceries would have begun to feel it, especially since this will be concentrated in some regions and cities more than others. And what will replace these stores, is it all warehouse and logistic centers, so will Industrial REITs soar while retail REITs feel the pinch? - LLNN - 2019-05-26 09:33:21 PDT

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I found a similar article on BI regarding online retail leaders Amazon.com, Alibaba, and JD.com are opening up physical stores. So will they and other online retailers open sufficient physical store keeping the net stores in operation the same? Probably not. Will all online retailers succeed in transitioning to physical stores? Again, probably not. Is it risky for REITs to rent to these new physical store retailers? Yes and no, the major issue is defaulting on rents, and if the store is backed by a big tech company it should be able to pay off its rents and lease agreements to close the store. Yet, with tech companies venturing into uncharted territories, there already small profit margins may be wiped out. (THE IN-STORE PERSONALIZATION REPORT: How brick-and-mortar retailers can bring personalization in-store to compete with e-tailers. Reference: https:www.businessinsider.com/the-in-store-personalization-report-a-2018-10) - Rken - 2019-05-26 13:02:59 PDT

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I believe it will to a certain point, but groceries will never really go away, and personally I believe they will make a comeback. I read this interesting article which talks about how the grocery chain Aldi is growing fast in the US, by having a unique model: https:www.cnn.com/interactive/2019/05/business/aldi-walmart-low-food-prices/index.html - GoGo - 2019-05-26 08:51:53 PDT

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Hi @GoGo, that is an interesting observation which I overlooked in my earlier comment. Thanks for the article. - LLNN - 2019-05-26 09:39:23 PDT


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I’ll be interested to see if the Timber REITs will be affected by the US-China Trade wars. - GoGo - 2019-05-24 22:11:30 PDT - See full comment

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Who knows the way Trump is putting tariffs on everyone, either REIT farmlands or timber may be further impacted by tariffs. Yet supposedly some farming regions are doing better than ever. - Fyryr - 2019-06-07 17:38:03 PDT

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Don’t forget that around Nov 2017 the Trump administration set high trade tariffs on Canada’s softwood lumber imports to the US. That helped boost Timber prices/production for US timber. I don’t own any US timber reit stocks, at least not directly that I can recall, maybe via ETFs. So I have not followed the impact these tariffs have had on US timber REITs. - Rken - 2019-05-25 07:29:08 PDT

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Interesting enought althought the Softwood lumber tarrifs helped the US timber industry and sawmills, it impacted the constructions of US home costs "The National Association of Home Builders (NAHB) claims that the imposed tariffs have added approximately $9,000 to the cost of single-family homes and up to $3,000 on multi-family homes." https:archpaper.com/2018/08/trump-timber-tariffs-construction-industry/ - Rken - 2019-05-25 17:06:17 PDT

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Thats a good question, I dont know about timber reits, but Trump does have a proposed $16 Billion farmer bailout, so could that trickle down to some of the farm reits? - Gekko5 - 2019-05-24 23:21:20 PDT

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Lately it is so hard to keep up with this stock market... one day it's up, the other day it's down. I never know when the right time is... - UserNameHere - 2019-05-24 20:30:38 PDT - See full comment

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Saw some bigger single day drops on some REITs today then what I have seen in a while. - Omick99 - 2019-05-29 14:03:34 PDT

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According to CNBC article this morning “The stock market and economic outlook in the United States is “deteriorating,” according to an analysis from one of Wall Street’s top investment banks.” - Morgan Stanley says economy is on ‘recession watch’ as bond market flashes warning. Source: https:www.cnbc.com/2019/05/28/morgan-stanley-says-economy-on-recession-watch-amid-bond-warning.html - Zuggar3 - 2019-05-28 12:25:25 PDT

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Relationships between US & Japan seem to have gone well this week when Trump and Emperor Naruhito meet. I wonder if this will have a positive response to the market on Tuesday. - Atopp - 2019-05-27 17:31:28 PDT

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Apparently not sufficiently positive. - Zuggar3 - 2019-05-28 12:26:44 PDT

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I’m hoping Tuesday is a market down day, so I can make investments. - Kev B - 2019-05-26 17:40:58 PDT

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Yes, I was hoping for the market to double down on the drop from yesterday, but the REITs rebounded. Will have to wait until next week, hopefully Tuesday, to get some deals. - 777i - 2019-05-24 20:43:56 PDT

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Which REITs do you think will benefit from Amazon and which ones won’t? - Rocco64 - 2019-05-23 14:47:33 PDT - See full comment

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#TRNO is another reit in the logistics space that is doing really great this year. The company continues to grow strong YoY. - Rken - 2019-06-07 13:35:03 PDT

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An article titled "Amazon And Kohl’s: Proof That Collaboration Works" written by professor Jason Wingard on Forbes www.forbes.com/sites/jasonwingard/2019/05/28/kohls-amazon-proof-that-collaboration-works/#1411e8684c19 talks about a Kohl’s partnership to accept Amazon returns across all of Kohl’s US stores. So Rocco64, to answer your question, Amazon can potentially benefit even the traditional mall REITs. Not that this of itself will save malls, but at least it presents additional opportunities for foot traffic to Kohl’s and the malls it’s in - CapitalKing - 2019-05-28 22:07:40 PDT

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Interesting to see that at the very least #STAG & #ILPT have American Tire Distributors as a customer. I’ve seen ATD’s tire warehouses and they are huge, I thought they managed all their own FCs and didn’t know they were using these REITs. That is great for our REITs. - womba - 2019-05-27 00:20:46 PDT

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How about STAG? Is Amazon.com its tenant? Are STAG’s properties competitive for e-commerce? - Kodibearb - 2019-05-26 11:04:26 PDT

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@Kodibearb - Looking at STAG’s Investor Presentation Spring 2019, the company makes mention of the importance of e-commerce " - E-commerce is an incremental demand driver to sector. E-commerce accounts for 10% of US retail sales, and is projected to grow to 23% by 2025." From the list of largest tenants, the REIT has, I didn’t see Amazon listed or another large e-commerce pure player. The great thing about STAGs portfolio is that it is very diversified, the largest tenant had 2.2% ABR, and it drops fast from there. Their tenant list included the following companies as of Q1 2019: General Services Admin. 2.2%, XPO Logistics 1.4%, Yanfeng 1.2%, Solo Cup 1.2%, TriMas Corporation 1.2%, Deckers Outdoors 1.0%, WestRock Company 0.9%, Generation Brands 0.8%, Carolina Beverage Group 0.8%, Schneider Electric USA, Inc. 0.8%, Emerson Electric 0.8%, FedEx 0.8%, Perrigo 0.8%, American Tire Distributors Inc 0.7%, Sunland Logistics 0.7%, Armacell, LLC 0.7%, Northern Tool & Equipment Co. 0.7%, Packaging Corp of America 0.7%, Coca-Cola Company 0.6%, DHL Supply Chain 0.6%. So maybe Amazon or other e-commerce players are listed somewhere in the remainder of the list but it would represent less than 0.6% of STAG’s ABR. I think this is one thing that makes STAG’s portfolio so stable. Let’s see if in the next presentations it will have a callout about e-commerce or these other companies. - 777i - 2019-05-26 18:41:52 PDT

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Prologis REIT is also a large Amazon.com landlord. Prologis customers break down into three main categories, manufacturing, freight, and distribution. In their distribution category, a reasonable portion is for ecommerce activities. - Oppa Norm - 2019-05-25 21:45:47 PDT

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Between 9-to-10% of the annualized revenues of Industrial Logistics Properties Trust (ILPT) comes from Amazon.com. ILPT has 248 tenants, and according to their latest investor report, no other tenant has more than 3.5% of annualized rental revenues. Other large tenants of ILPT are Fedex, Coca-Cola Bottling of Hawaii, Safeway, Servco, American Tire Distributors, etc. - TitanCookie - 2019-05-24 22:56:03 PDT

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A better question would be, will Amazon take over the world? - UserNameHere - 2019-05-24 19:57:06 PDT

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The answer is Yes, and the follow-up question should be how can our REITs continue to rent space to them :) - 777i - 2019-05-24 20:27:11 PDT

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Duke Realty (NYSE: DRE ) is one REIT that had the foresight to cater towards the logistical / distribution requirements of e-commerce players and are now making a killing in this segment. Duke’s largest tenant is Amazon.com, it other large tenants include also WayFair.com, UPS of America, Home Depot, Target, and more like BestBuy, Walmart and so forth. #DRE has found the right formula to grown in this changing e-commerce and retail landscape. - Kev B - 2019-05-24 12:06:44 PDT

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Amazon is everywhere and in several sectors. It can benefit REITs by renting office space, industrial and logistic complexes, retail locations for there Amazon Go stores, and book stores, and other retail points, their Wholefood locations, and more. I would also think that were every they are going and renting it would be Class A type of properties and locations. - LLNN - 2019-05-24 00:15:20 PDT - LLNN - 2019-05-24 16:51:01 PDT


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What are some of the best European REITs? - Omick99 - 2019-05-23 14:29:01 PDT - See full comment

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If you are a fan of Realty Income #O they are now in the U.K. and potentially in more European countries soon. So you can invest locally and still get access to foreign markets with #O, as you can with #WPC, and #PLD, and other REITs. - Kenbeertt - 2019-06-23 06:11:27 PDT

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Check out British Land Company #BLND, one of the largest REITs in the UK. - wolfman82 - 2019-05-24 01:15:52 PDT

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Will BREXIT impact BLND’s stock performance negatively, or will an independent British economy from the EU community strengthens or weaken the demand for BLND’s portfolio? - Xianyo - 2019-05-24 13:43:18 PDT

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@Omick99 are you looking only for REITs trading on European exchanges, or also American REITs with interests in Europe? - Kenbeertt - 2019-05-23 17:07:03 PDT

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Which REIT valuations don't make sense to you? - Gekko5 - 2019-05-23 00:06:24 PDT - See full comment

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I’m interested in investment opportunities in small and micro cap, but Bluerock Residential Growth price valuation at 15 times AFFO doesn’t make sense to me. At that price ratio there are more interesting opportunities. Is the companies fast growth rate potential driving this valuation? - Atopp - 2019-05-31 11:32:47 PDT

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There are many right now, but to name a few #PSB, #SAFE and #O. - Rken - 2019-05-29 08:16:08 PDT

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It is a matter of perspective, #O is still a safe investment with steady returns, and an A3 / A- credit rating by Moody’s and S&P. - CapitalKing - 2019-06-09 01:24:00 PDT

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I agree that Front Yard's 50x Price to FFO makes no sense. A lot of good REITs like #WELL are trading at 20x P/FFO and even then that is higher than it has been in a while. - 777i - 2019-05-24 20:24:36 PDT

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Front Yard Residential is trading at 50x FFO. That does not compute for me! - HereForFriends - 2019-05-23 18:56:34 PDT

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How #WPC keeps going higher with lower FFO and AFFO 1st quarter decrease compared to same quarter last year. The stock is hyped up at the moment. - Wallbird - 2019-05-23 09:54:23 PDT

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#WPC’s stock price is higher than what we are used to paying for it, but it is still at only 15.54x P/AFFO. Investors look towards WPC because of its strong position, in Q1 2019 the company had a consolidated occupancy of 98.2%, with a weighted-average lease term of 10.2 years, which is very good. While having a weighted-average interest maturity of 4.8 years and a weighted average interest rate of 3.6%. So while I agree that the stock price is higher than I would hope for, and yes I will wait for it to drop before buying, it is still a good long-term REIT to own. - Kev B - 2019-06-02 11:52:15 PDT

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@Wallbird, although WPC decreased its FFO this quarter, investors still see its strong performance trend and top-notch management. At a volatile time like this institutional investors are still going to flock to the WPCs of the market (i.e. WPC, NNN, Realty Income, BXP, CCI). The returns may not be as great as you hoped a year ago, but still much better than the overall market. - Kenbeertt - 2019-05-23 17:05:05 PDT


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Which stores, restaurants, retail chains, and businesses are you aware of closing or going bankrupt which may have an impact on one or more REIT? - Omick99 - 2019-05-21 09:46:53 PDT - See full comment

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While reading through the news today this is one that I didn’t expect " Forever 21 Update: Teen Retailer Looks To Restructure To Avoid Bankruptcy By Dawn Geske, 06/19/19 AT 10:31 AM: https:www.ibtimes.com/forever-21-update-teen-retailer-looks-restructure-avoid-bankruptcy-2801895 - Kyuie - 2019-06-20 21:15:55 PDT

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An interesting quote from a CNBC article is that "landlords are turning to up-and-coming digitally native brands like shirt company Untuckit, glasses maker Warby Parker and mattress retailer Casper, which are opening hundreds of stores as a group across the country after finding success on the internet, to move into their properties." But the issue is that people just don’t want to have to go to physical stores/malls to look at what they can already see online. These brands, like Warby Parker, found success online because they made it convenient for people to buy from their homes. These online brands are now trying to find growth by catering to the public which wants to touch, feel, and try-on experience not offered online. But once these online brands open physical stores, they are competing on the same grounds as more experienced physical store brands such as LensCrafters. I believe online stores will try out physical stores for a while but 1) it will result in them becoming less competitive companies than their pure-online model 2) It will not be sufficient to save malls which were already going under. Here is the link to the CNBC article: https:www.cnbc.com/2019/04/15/malls-see-tsunami-of-store-closures-as-foot-traffic-declines-further.html - CapitalKing - 2019-06-16 12:24:16 PDT

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Abercrombie & Fitch announced last week it will close three additional flagship stores in New York City, Fukuoka, Japan and Milan. It apparently had 15 remaining flagship stores worldwide before these closing. - BlueBlue - 2019-06-11 13:36:20 PDT

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I think it was in Q1 that the women’s clothing retailer Chico’s announced it would close up to 250 stores (under the brands Chico’s, Soma and White House Black Market), but it wouldn’t all happen this year but throughout a couple of years. - Gekko5 - 2019-06-06 00:04:17 PDT

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As of Q1 2019’ reporting, PartyCity represents 1.0% of #RPAI annualized base rent (ABR) from its total portfolio, and 0.8% of #KIM. Although this does not mean that it is one of RPAI’s 17 stores or Kimco’s 45 stores leased to Party City which is being impacted. I’m just pointing out that PartyCity does rent from REITs. - Kev B - 2019-06-02 17:03:09 PDT

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Does Walmart lease stores from REITs? Walmart is quietly closing stores https:www.businessinsider.com/walmart-stores-closing-list-2019-3. Although the quantity of stores they are closing is probably insignificant in its overall volume of stores. - Omick99 - 2019-05-30 11:31:11 PDT

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Abercrombie & Fitch announced today that they are closing 3 large flagship stores, and will focus on smaller store formats in the future. https:www.cnbc.com/2019/05/29/abercrombie-fitch-ceo-says-smaller-stores-are-the-future.html - LLNN - 2019-05-29 11:23:01 PDT

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British retailer Topshop/Topman is closing all of its US locations, there are only 11 locations located in major cities so I don’t expect it to hurt anyone REIT. - Kyuie - 2019-05-27 10:38:53 PDT

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Beauty Brands is closing 25 stores and selling their remaining 33 stores, due to difficulties competing against Sephora and Ulta. On a larger scale, Shopko which is located in the Midwest, Pacific Northwest and the west region is closing 363 stores. - Wallbird - 2019-05-25 18:49:55 PDT

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Shopko used to represent up until the start of 2018, about 7% of the portfolio for #SRC, and I believe it was its top tenant, after the spin-off, Walgreens became SRC’s new top tenant. With the spin-off of SMTA# Shopko represented 20% of Spirit Master Trust A. As SMTA called it out in their March 2018 Investor presentation "Efficient disposition of Shopko stores is paramount for growing Master Trust A." How Spirit Realty managed the spin-off of SMTA is interesting and a good report/presentation to read which they put together, here is the link: http:investors.spiritmastertrust.com/Cache/1001237610.PDF?O=PDF&T=&Y=&D=&FID=1001237610&iid=9211410 - Kev B - 2019-06-18 21:48:35 PDT

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With the closing of these stores could this have been predicted by The management of REITs before the agreed to lease to these retailers? If the retailers credit rating was already low then it easy, but my question is did any of these closing chains actually have good rating? - Rocco64 - 2019-05-23 14:41:21 PDT

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Dollar Tree, Inc. may be planning on closing 390 Dollar Tree / Family Dollar stores in 2019, but it necessary to put in context that they own 15,264 stores across 48 states and five Canadian provinces as of May 4, 2019. They are also opening new stores, while they close underperforming ones. - LLNN - 2019-06-02 02:49:05 PDT

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PartyCity closing 45 locations this year (from its over 800 stores), and Family Dollar store closing almost 400 stores this year. - WowReits - 2019-05-24 19:42:35 PDT

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Rocco64, to your point, Bed Bath & Beyond that has about 1500 stores plans to close 40 and open 15 in 2019, yet is Net negative new stores this year. - LLNN - 2019-05-24 00:11:36 PDT

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Reports earlier this year were already declared that 6,500 retail locations would be closing across tons of different brands. Both in malls and single unit tenants. I imagine the number can go higher by end of year, but at same time how many new retail locations will open? Can it outnumber the one closing? - Wallbird - 2019-05-23 10:02:16 PDT

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Women's clothing store Charlotte Russe is closing all of its 512 US locations in 2019. Anther Women's clothing brand closing stores is Francesca's, closing 30 to 40 stores this year. With many of the companies, I don't think the shift to e-commerce is the only factor here. I believe it has a lot to do with peoples interests, taste, changes and many times the brand cannot accompany the customer's changes or needs. - Jon7421 - 2019-05-22 21:01:40 PDT

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don't forget Payless which is closing all 2,100 stores this year. - Kyuie - 2019-05-21 20:45:40 PDT

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Children’s clothing retailer Gymboree filed for Chapter 11 bankruptcy in January of this year and informed it would close about 800 Gymboree and Crazy 8 stores in the U.S. and Canada. - CapitalKing - 2019-05-30 20:04:28 PDT


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Will the talks of a potential Iran conflict further drive the stock market down? - wolfman82 - 2019-05-20 10:28:17 PDT - See full comment

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I think Trump is avoiding war with Iran, he may put further sanctions on the country, but I think he is avoiding the escalation of armed conflict between the countries. So I’m hoping the market can be spared the tensions of this whole situation. - Kenbeertt - 2019-06-23 04:48:15 PDT

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The investor market seems to have been so overexposed to the bombardment of negative political headlines that it now has become detached from its effects. - Rken - 2019-06-09 21:09:08 PDT

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Seems things are escalating again, but what is moving the stock market is needle are China and Mexico talks. - Bob_knows - 2019-06-18 15:42:48 PDT

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Is the conflict over already? Haven’t heard anything else this week. - Rocco64 - 2019-05-24 12:19:31 PDT

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The conflict is not over, and it may just be brewing up. - womba - 2019-05-27 00:36:56 PDT

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Yes, and it has. - Rocco64 - 2019-05-23 14:38:30 PDT

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Ashford Hotel's REIT #AHT dropped 3%+ today, any thoughts on it being a good investment? - Me332 - 2019-05-21 00:23:48 PDT

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I'm holding off on AHT. - Kenbeertt - 2019-05-21 22:59:27 PDT


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Will any REITs be impacted by Fred's Inc. closure of many of its stores in the Southeast? - Atopp - 2019-05-18 09:47:27 PDT - See full comment

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They are closing 263 by the end of June, and will remain with just over 300 stores. Their stores are all packed in the Southeast states. I'm looking through my retail REITs in this region now to see if they have Fred's as a tenant. That would be a huge hit for one or more retail REITs. https:fredsinc.com/store-locator/ - Gekko5 - 2019-05-18 21:23:57 PDT

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On a similar note, Dressbarn announced today that it is going out of business, and plans to shut all its 650 stores!" Anyone know if any REITs rent to their stores? - Me332 - 2019-05-21 00:19:27 PDT


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If China retaliates on the US trade tariffs, how much more do you excel the market to drop? Will this be the chance to buy REITs at the year cheapest price YTD? - Wallbird - 2019-05-13 12:53:34 PDT - See full comment

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The May stock market results have been brutal because of this trade war, and it appears to only be getting worst for June/July. - Rocco64 - 2019-06-01 01:08:20 PDT

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According to CNN “Economists at JPMorgan (JPM) have cut their second-quarter GDP estimates to 1% — down from its previous estimates of 2.25%. - Kev B - 2019-05-24 12:25:46 PDT

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Still waiting for a good market dip to buy Federal Realty Investment Trust at a little higher Div. Yield. - Kev B - 2019-05-24 12:16:53 PDT

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Now it’s china giving the US the cold shoulder to continue negotiations. - JohnforkO - 2019-05-22 13:05:01 PDT

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Based on how the market reacted last Friday afternoon, it will get worse before it gets better. - TitanCookie - 2019-05-18 10:12:01 PDT

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REITs are a seesaw with the rest of market, market is down this morning most good that I track are REITs are up. - Wallbird - 2019-05-23 11:28:40 PDT

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REIT stocks seem resistant to downward pressure, as investors are moving REITs and Real Estate stocks to move out of more vulnerable sectors. - Rocco64 - 2019-05-21 19:33:51 PDT

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I bought Brandywine on Friday, #BDN's stock price is a good deal. I think it's one of the well-rated REITs trading at reasonable multiples. - Gekko5 - 2019-05-18 21:34:31 PDT

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I expect the market to continue to present opportunities in volatile movements, but it is hard for me to see a large market drop in short term. Even today the market price for many REITs is on its 52 week high! - Kev B - 2019-05-17 12:22:43 PDT

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I’m glad I didn’t buy VER, STAG or NNN last week, prices are going lower already today. - wolfman82 - 2019-05-20 11:10:05 PDT


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According to the news, US mortgage rates are dropping? How will this impact mortgage REITs? - Me332 - 2019-05-12 21:22:28 PDT - See full comment

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The Wall Street Journal report on mortgage reits. "REITs Bet Big on the Mortgage Market" by By Ben Eisen. You may need a WSJ account to read the whole article: https:www.wsj.com/articles/reits-bet-big-on-the-mortgage-market-11559035801 - Greaterthan - 2019-06-01 16:50:55 PDT

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Ladder Capital’s price has pulled back during last month. - wolfman82 - 2019-05-20 12:03:19 PDT

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I am thinking of buying #IRM. Their stock price is at a 3 month low (-10.48%), but they show positive prospects. Any suggestions? - TitanCookie - 2019-05-10 22:26:38 PDT - See full comment

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I bought #IRM at ~$36 dollar earlier this year and now it’s trading at ~$30 with this bear market, I do expect to make my money back in the long run which is my time horizon. But my mistake was to have broken away from one of my cardinal rules, never pay anywhere close to a 52-week high on any stock price, it can be just too risky. - Gekko5 - 2019-06-01 14:07:02 PDT

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I took a chance and bought more Iron Mountain today! - Kev B - 2019-05-17 12:00:38 PDT

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After further analyzing IRM, I bought it on the dip this week. - TitanCookie - 2019-05-18 09:50:32 PDT

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This one is REIT who's business model is commonly misunderstood by both those that love it and hate it. - Kyuie - 2019-05-10 23:31:36 PDT

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It is a buy. - AI_AI - 2019-05-11 19:41:28 PDT


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What are your favorite Small Cap REITs? - Kev B - 2019-05-10 09:30:37 PDT - See full comment

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#APTS at a market cap of $690 Million, is one of my favorites. Plenty of room to grow! - Kyuie - 2019-05-30 19:04:56 PDT

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There is a new Small cap (actually I think its micro-cap) REIT called Postal Realty Trust #PSTL, they focus or will focus on owning properties rented by the US postal service. Seem interesting, not a lot of market data on it yet, as it had its IPO last week. But I'm usually interested in REITs that serve the US government. - Gekko5 - 2019-05-23 00:05:47 PDT

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#GOOD. Gladstone may not raise dividends but they make consistent monthly payments. - Omick99 - 2019-05-18 11:15:41 PDT

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#FCPT Four Corners Property Trust is a good small-cap REIT which is often overlooked. They own a portfolio of over 600 restaurants rented to companies like Burger King, Long Horns, Arbys, KFC, Olive Garden, Taco Bells. FCPT has also increased dividends twice since 2017. - AI_AI - 2019-05-11 18:42:39 PDT

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i like #KRG - alexanderTgreat - 2019-05-10 22:22:57 PDT

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One that I'm looking at is #DEA - Easterly Government Properties, Inc, although a small cap has a well-distributed portfolio of 66 office properties across the USA boosting 100% occupancy. The company also improved its Q1 AFFO to $0.29 per share compared to $0.26 in Q1 18. - Kyuie - 2019-05-10 23:28:05 PDT


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Now might be a good time to buy REIT stocks :) - GoGo - 2019-05-09 12:18:17 PDT - See full comment

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Great article to understand some of the mechanics of the market: U.S. stocks are dangerously close to a classic ‘sell’ signal By Brett Arends, published: May 29, 2019 5:26 p.m. ET [https:www.marketwatch.com/story/us-stocks-are-dangerously-close-to-a-classic-sell-signal-2019-05-29]. Quoting the article: "The sell signal in question in the stock market is the 200-day moving average, meaning the stock index’s rolling average of closing prices of the past 200 trading days (around 10 months). Stock market experts note that pretty much every single major crash in history has taken place only after the index fell below its 200-day moving average. That’s been true from 1929 through 2008. It has usually been a bearish or ominous sign." - LLNN - 2019-05-29 22:39:34 PDT

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Lots of prices in the RED today, yet market is still to rich for many REIT stocks, waiting to see which specific deals I can get as prices further drop. - AI_AI - 2019-05-13 12:00:29 PDT

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Many of my favorites are still trading above March prices so it is still a hold for me. - Kev B - 2019-05-10 09:29:03 PDT

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Any REITs exposed to the Party City retailer? They announced yesterday the plan to close 45 store above their 15 store closer average per year. “There are 870 Party City stores in the U.S. and Canada and the closures represent about 5% of locations.” Any NNN or Reit which owns a large portion of tenant income with them? - Omick99 - 2019-05-10 09:00:59 PDT

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Apparently it is over a shortage of Helium. Helium or Helium balloons must be a pretty big part of their business. - Rocco64 - 2019-05-10 13:12:18 PDT

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I’m locked and loaded waiting for Friday to see what happens on this trade deal. - LLNN - 2019-05-09 12:39:12 PDT

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Not only VNQ, my REIT portfolio was NET Green for the day at about 1.8%+, while the DOW, NASDAQ, S&P500 was all red for the day. - Kyuie - 2019-05-09 21:52:36 PDT

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You didn't need to wait for Friday, many opportunities already available today. Yet still some REITs, such as #VNQ, proved to be market contrarians today. - JohnforkO - 2019-05-09 21:18:02 PDT


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I am extremely new to REIT's and need to learn more about them. I am starting some what late in life, I'm 65 but health and change in life status has forced me to consider what I may do for myself and my future. Any help you can give me will be valued and sincerely appreciated. Thank you in advance. I am happy to be a part of this community. - D. Joyce - 2019-05-08 06:44:39 PDT - See full comment

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Welcome to the REIT community D. Joyce! - Omick99 - 2019-05-08 13:43:40 PDT

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@D. Joyce, do you want to invest in REITs to receive dividends or do you want to gain from the appreciation of the stock price? Are you looking for short term investment (1 year or less) or long term? Regards. - Rken - 2019-05-08 10:57:17 PDT

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Hello D.Joyce, and welcome to the community! In my personal experience, REITs can be an excellent way to passively collect dividend checks throughout the year. A couple of recommendations are 1) Consult a financial advisor on how much you should be assigning of your investment portfolio to REITs and the REITs you are planning to invest in. 2) Take the time to learn about the REITs you plan to acquire, get to know their past performance and fundamental and what they are doing now (or have been working towards) their future growth and profitability. Reading the company's financial statements and earning reports are two ways to do it. The fun thing about REITs is that you can have clear visibility as to where the company is investing in properties. 3) It is also important to consider the stock market as a whole as the Bull and Bear market affect REITs just like any other stock. 4) Be cautious of REIT stock that are showing high dividend yields as the company may not be able to sustain that yield and may result in dividend cuts, and decrease in the company's share price. It is better to look and understand the companies with solid fundamentals which will present future growth opportunities. 5) It is also important to think about the investment horizon you are looking at investing in, and that can be something an experienced financial advisor can help with. These are just some suggestions. Once again, welcome to the community and enjoy the world of REITs! - Kev B - 2019-05-08 07:45:36 PDT

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Hi Kyuei, one issue I have with SRET is that the stock price has been moving sideways for years. So although it’s nice to get paid every month, I worry about the lack of appreciation in my principal investment, even worst in its destruction. With that said it still hasn’t kept me from buying it on the low. - Omick99 - 2019-05-10 08:57:12 PDT

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Yes, and important to know the reit market trend to not buy on the high. Good thing market has been sliding. - LLNN - 2019-05-09 12:41:14 PDT

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REIT ETFs can be a good way to start. You can diversify your risk and some pay monthly dividends. Check out SRET and SDIV. - Kyuie - 2019-05-08 09:45:03 PDT


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What impact are you expecting from the Presidential elections on stock prices? - Mrinvesta - 2019-05-05 13:53:04 PDT - See full comment

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The market has been trading at its peak prices, the forces pushing it down are stronger than the forces that can keep it up. I feel like the market knows this and it is looking for any kind of event, "trade deals, political campaigns, dealing with Russia, China, Venezuela, Saudia Arabia, etc," to create a market correction." It will happen at some point, so I plan to keep or move my investments into assets which protect me the most against a market correction and allows me to capitalize on it before. - Kenbeertt - 2019-05-11 15:31:20 PDT

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I have concerns about candidate wild proposals which can be made during campaigns which are not good for the economy. - Kyuie - 2019-05-08 10:00:59 PDT

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According to a Bloomberg report, wealthier people are holding more is their portfolio assets in cash. Seems similar to holding out until their is a market correction and better opportunities present themselves. - Kyuie - 2019-05-08 09:52:40 PDT

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A house divided doesn’t send as strong a message to the market. - GoGo - 2019-05-07 11:55:01 PDT

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We don't even have to wait for the presidential debates to start, this trade war is presenting sufficient opportunities. - Jon7421 - 2019-05-07 21:17:29 PDT

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The economy is doing better than ever but the race will make opposing politicians bash the economy which will lead to market uncertainty. - Atopp - 2019-05-05 14:40:30 PDT

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The US/China trade deal should not affect REIT prices in short term, or should it? - JohnforkO - 2019-05-06 14:30:56 PDT

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LLNN, it is down but not much of a deep to get any significant value. - Gekko5 - 2019-05-06 13:21:59 PDT

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Apparently, the market is down today due to concerns over the latest trade tariffs war with China. - LLNN - 2019-05-06 07:57:17 PDT


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Which REITs are expected to cut dividends? Or have announced they may reduce their dividend payments? - JohnforkO - 2019-05-03 12:24:33 PDT - See full comment

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Follow up question, is Gazit paying its dividend normally after it changed stock market listing to Israel only? - JohnforkO - 2019-05-22 13:07:05 PDT

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Correct, #CBL has announced plans to cut later this year, so don't plan to continue to receive high dividend yields in the short term starting later this year. - Gekko5 - 2019-05-04 14:58:52 PDT

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#SRG - Seritage Growth Properties REIT's management also restated in their Q1 2019 earning report that: (As previously announced, the Company’s Board of Trustees does not currently expect to declare additional common dividends for the remainder of 2019, based on its assessment of the Company’s investment opportunities and its expectations of taxable income for the year. The Board of Trustees will reuate this position at the end of 2019, if necessary, to ensure that the Company meets its distribution requirements as a REIT. The Company’s Board of Trustees expects that cash dividends for the Company’s preferred shares will continue to be paid each quarter.) - 777i - 2019-05-03 22:18:32 PDT

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Yes, Annaly Capital (#NLY) will be decreasing its dividends by $0.05 per common share starting in Q2 2019. This week mgmt declared a quarterly common stock dividend of $0.30/share in the first quarter. Yet it pre-announced an expected quarterly common stock dividend of $0.25 per common share for the remainder of 2019 beginning with the second quarter, *subject to the discretion and approval of our board of directors. - thisway - 2019-05-03 13:17:19 PDT

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Another one to look out for is, CBL that announced earlier in the year plans to suspend dividends in Q3&Q4 of 2019. - 777i - 2019-05-03 22:03:00 PDT


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Is American Tower (AMT) REIT a buy at the moment? - LLNN - 2019-04-30 04:43:54 PDT - See full comment

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#AMT is impressive, even at $7.4 Billion in revenues per year the company is growing at 11% per year. As far as REITs go, that is impressive. - CapitalKing - 2019-06-16 23:24:18 PDT

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They released their Q1 Report today. Here are #AMT's highlights: Total revenue increased 4.1% to $1,813 million. Property revenue increased 4.4% to $1,786 million. Net income increased by 45.4% to $408 million. Adjusted EBITDA increased 4.9% to $1,114 million. Consolidated AFFO increased by 6.7% to $861 million. Net Leverage Ratio is 4.5x. - Atopp - 2019-05-03 12:41:52 PDT

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Did they miss any expectations? - Mrinvesta - 2019-05-05 13:51:47 PDT

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Great results. Company is trading at ~24 times AFFO why buy into this 85 billion REIT now? - Gekko5 - 2019-05-04 15:24:49 PDT

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American Tower will have its conference call this Friday, and it appears that in expectation of their release the price is on an upward trend during the last couple of days. The price has been trading this last quarter at its highest price ever, so I will wait off on #AMT, regardless if they report good numbers on Friday and the price goes up even further. - Bob_knows - 2019-04-30 23:55:10 PDT

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Which REITs have performed above market returns? Compared to the index of your choice. E.g S&P500, DOW, and so forth. - Kenbeertt - 2019-04-27 10:36:41 PDT - See full comment

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Here is a great article and quote from Dr. Peter Linneman on Commercial Property Executive magazine's May 2019 issue, titled "In the Next Downturn, Public Markets Will Be CRE Investors’ Best Bet. In it, Dr. Linneman states "So we suggest that those hoping to prosper from deeply discounted pricing during the next down cycle should start educating themselves on REITs today so they are ready to jump in when the time is right." Read the article below for more insights: https:www.cpexecutive.com/post/in-the-next-downturn-public-markets-will-be-cre-investors-best-bet/ - Kev B - 2019-05-05 06:49:03 PDT

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The 1-Year total S&P 500 Return according to the site below (April 2018 to April 2019) was 9.011%. In comparison, theVanguard Real Estate Index Fund ETF Shares (VNQ) #VNQ 1-year return was 21.19%. https:finance.yahoo.com/quote/VNQ/performance?p=VNQ https:dqydj.com/sp-500-return-calculator/ - Me332 - 2019-04-28 09:58:50 PDT

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Being a passive trader focused on non-tech stocks, I look for dividends to complement my total returns. In years with high volatility, the dividend + stock price of REITs put a better return in my pockets. - Wallbird - 2019-05-23 11:33:57 PDT


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Which REITs should I buy today? Share your thought on REIT opportunities right now. - Kenbeertt - 2019-04-27 10:32:38 PDT - See full comment

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I think $Geo is a buy, the call for the government to stop contracting private prisons is circulating in the media again, so Geo’s prices are sticking low at 9xAFFO ratios. Yet, since it is unreasonable to assume the government can stop contracting out its facilities I’m long on GEO and see this as an opportunity. - Fyryr - 2019-06-19 20:15:50 PDT

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Talking about stocks valuation, here is a great article about the current situation of the market and outlook. "Value stocks are trading at the steepest discount in history. Value stocks are cheaper than during the dot-com bubble". published by Chris Matthews on MarketWatch: https:www.marketwatch.com/story/value-stocks-are-trading-at-the-steepest-discount-in-history-2019-06-06 - CapitalKing - 2019-06-08 00:35:23 PDT

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VER is still a bit before get overvalued. - Omick99 - 2019-05-08 13:37:01 PDT

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Thanks for the suggestion guys. - Kenbeertt - 2019-06-23 04:27:36 PDT

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I haven’t bought Vereit this past couple of weeks although I have been eyeing an opportunity. The price is still high. - Kev B - 2019-05-19 00:03:05 PDT

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SRET reit etf is below $15.00 mark today. - GoGo - 2019-05-07 11:56:15 PDT

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Market is down today, opportunity to get in. - Omick99 - 2019-05-06 12:12:47 PDT

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The market is very bullish, I'm buying at much smaller quantities than I did last year, waiting for a market correction, to get in big again. - Gekko5 - 2019-05-04 15:00:44 PDT

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I think #QTS is a buy. The company just announced lots of good news. They have shown they have big plans with the 4/30/19 news that as part of their al growth strategy they acquired two operating data centers in the Netherlands. In QTS ER it recognized total revenues of $112.7 million for Q1 2019, an increase of 12.3% compared to Q1 2018. The ER also called out "Operating FFO (OFFO) per fully diluted share of $0.64 for the quarter ended March 31, 2019, compared to Core Operating FFO per fully diluted share of $0.64 in the same period of 2018. Excluding the effects of the Company's primarily non-cash deferred tax benefit/(expense), Operating FFO per fully diluted share for the quarter ended March 31, 2019 increased 3.2% Q1 2018." QTS also announced the formation of a joint venture with Alinda Capital Partners ("Alinda") during the Q1 2019 that "provides QTS with a unique opportunity to optimize capital efficiency, materially enhance overall Return on Invested Capital ("ROIC") and expand QTS available sources of capital funding with an experienced infrastructure investor." So there are a lot of things going on in QTS Realty Trust right now making it an interesting bet for the future. - Bob_knows - 2019-04-30 23:16:59 PDT

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I wish I had bought more #STOR shares earlier last year, the company is doing very well, in their Q1 report based on everything they have been doing in the last couple of years they reported: Total revenues were $156.6 million for the first quarter of 2019, an increase of 24.5% from $125.8 million for the first quarter of 2018. This is a great win for STOR! - Omick99 - 2019-05-02 06:51:13 PDT

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i personally recommend #ESRT. their share price fell in the last weeks, but now it is bouncing back to what it was before. - alexanderTgreat - 2019-04-28 07:18:53 PDT

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Hi AlexTGreat thanks for the recommendation, but why is ESRT been trading so low these last couple of years compared to 2017? - Me332 - 2019-04-28 10:03:36 PDT


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Should there be more REITs in the US market? Would the investment market benefit from more REIT options? - Rocco64 - 2019-04-27 10:14:57 PDT - See full comment

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I’m seeing a lot more ETFs come into the market... this year has been weak for new REIT IPOs... - Wallbird - 2019-05-23 11:36:40 PDT

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Some REITs with diversified sector asset portfolios could unlock value for their investors by dividing into 2 or more REITs with more focused portfolios. - Gekko5 - 2019-05-04 15:38:13 PDT

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Careful with this mindset since REITs also benefit from portfolio diversification. - JohnforkO - 2019-05-06 13:30:43 PDT

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Yes, more REITs related to tech and logistics as e-commerce, cloud computing, machine learning and AI are the future! - Kev B - 2019-05-03 13:59:52 PDT

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There should be more REITs in emerging industries. The government should facilitate for more companies related to some type of real estate asset class to operate as a REIT. - Me332 - 2019-04-28 10:05:33 PDT

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I would like to see more reits in the critical infrastructure sector. - Bob_knows - 2019-04-30 23:19:18 PDT

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REITs are a great investment, my favorite investment asset, yet there are so few REITs compared to other types of stock sector. When you filter out the rotten ones, the options are very limited. So yes we could use more good REITs options... - LLNN - 2019-04-27 15:23:42 PDT

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There are plenty of REITs what we need is better REITs and with some more alignment between investors and management. - Omick99 - 2019-05-02 09:26:00 PDT


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What is your thought on REIT #CIO? - Me332 - 2019-04-25 23:29:11 PDT - See full comment

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I've seen a lot of optimism around this stock, and I just do not see it! All I'm getting from City is a REIT that will need to cut dividends resulting in a stock price loss. What for? There are better risk/reward options out there. - Kenbeertt - 2019-05-21 22:52:01 PDT

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How can City Office REIT continue to pay dividends of $0.235 per share of common stock, paid on April 25, 2019; and dividend of $0.4140625 per share of Series A Preferred Stock, paid on April 25, 2019 while its Adjusted Funds from Operations (AFFO) was approximately $0.21 per fully diluted share? - thisway - 2019-05-03 13:22:50 PDT

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#CIO is showing signs of improvement, but it is not one I’m buying at this time. - AI_AI - 2019-06-03 00:03:09 PDT

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CIO is a hold for me. - Gekko5 - 2019-05-10 23:34:56 PDT

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CIO is a relatively new Small-Cap REIT with high FFO (close or above 100%), so I would personally investigate a bit further before investing. - Mr.Opinion - 2019-04-26 07:29:03 PDT

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The company hasn’t raised its dividend above 0.235 per quarter in some time. - Omick99 - 2019-04-29 04:10:45 PDT

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I almost bought some shares because of some positive analysis, but when I make my own research I realized not worth the risk. - LLNN - 2019-04-27 15:27:05 PDT

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I’ve seen hype about CIO being an undervalued stock or opportunity stock and I don’t see it that way. I believe that City office reit will eventually cut its dividend. - Rocco64 - 2019-04-27 09:33:34 PDT


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REIT are releasing their quarterly earnings reports. Which earnings and revenues hits and misses are you most surprised about? - Kev B - 2019-04-23 13:30:22 PDT - See full comment

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Office Properties Income Trust (#OPI) declared FFO $1.50, Normalized FFO $1.53, a drop from last years Q1 $2.18 FFO & NFFO pre-merger of GOV and SIR REITs. Pre-merger the stocks were trading at a combined $60 region, now OPI is at ~$26. - Gekko5 - 2019-05-11 14:29:47 PDT

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My #GOV & #SIR converted to #OPI. This is one of those investments I regret having been so positive at the time about. - Bob_knows - 2019-06-18 18:34:44 PDT

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I knew STOR would do well, but these Q1 results just blew me away. AFFO increased 25.5% to $107.8 million, or $0.48 per basic and diluted share, for the first quarter of 2019, compared to AFFO of $85.9 million, or $0.44 per basic and diluted share, for the first quarter of 2018. - Omick99 - 2019-05-02 07:50:07 PDT

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#INN’s Pro forma revenue per available room ("RevPAR") increased 2.9% compared 2018. Pro forma average daily rate ("ADR") increased 2.3% compared to the same period in 2018 and pro forma occupancy increased 0.6 percent to 76.5 percent. - Kev B - 2019-05-01 16:05:04 PDT

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Is SRC better off post its spin-off of Spirit MTA REIT? - HereForFriends - 2019-05-11 22:34:01 PDT

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Hi Omick99, but why did #SRC Spirit Realt's AFFO drop to $0.86 vs $1.07 per share, compared to same quarter 2018? - JohnforkO - 2019-05-03 12:29:25 PDT

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Spirit, which I own shares of, had a productive quarter! They “invested $178.6 million, including $160.3 million for the acquisition of 22 properties, with an initial weighted average cash yield of 7.16% and an economic yield of 7.93%” we should see positive results of this in next year statements! - Omick99 - 2019-05-02 08:12:16 PDT

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As expected #O rocked it again! - Omick99 - 2019-05-01 13:54:59 PDT

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I last bought #O at around $50-something so the current price is more than I want to pay, and who can blame me? BUT, and this is a big but, #O is still trading at lower multiples than other large-cap retail REITs, and still has room to go higher in this current market, and in the long run. - AI_AI - 2019-06-05 21:09:49 PDT

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#EPR is on fire! I love this REIT! FFO for the first quarter of 2019 was $93.1 million, or $1.23 per diluted common share, compared to $61.0 million, or $0.82 per diluted common share, for the same quarter in 2018. FFO as adjusted (FFOAA) for the first quarter of 2019 was $102.6 million, or $1.36 per diluted common share, compared to $94.0 million, or $1.26 per diluted common share, for the same quarter in 2018, representing an 8% increase in per share results! - Omick99 - 2019-05-01 13:43:00 PDT

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#IRM announced Q1 2019 a couple of notable callous “$1.05 billion, compared with $1.04 billion in the first quarter of 2018. Excluding the impact of foreign exchange (FX), reported total Revenues grew 4.5% compared to the prior year, primarily reflecting the contribution from recent Data Center and Adjacent Business acquisitions not included in the full 2018 period, as well as growth in the Other International Business segment.” ...“FFO (Normalized) per share was $0.48 for the first quarter, compared with $0.53 in the first quarter of 2018. AFFO was $193.4 million for the first quarter compared with $221.5 million in the first quarter of 2018, a decrease of 12.7%.” Apparently due to.. “primarily due to increased operating and interest expense, as well as an increase in the provision for income taxes. In addition, Income from Continuing Operations included $2.7 million of Significant Acquisition Costs in the first quarter of 2019, compared with $19.0 million in the first quarter of 2018.” See full report: http:investors.ironmountain.com/company/for-investors/investor-news/investor-news-details/2019/Iron-Mountain-Reports-First-Quarter-2019-Results/default.aspx - Kev B - 2019-04-25 11:54:33 PDT

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Federal Realty’s Q1 is out: ir.federalrealty.com/news-releases/news-release-details/federal-realty-investment-trust-announces-first-quarter-2019-0 - Kev B - 2019-05-03 13:53:44 PDT

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Yes, some are concerned about Iron’s long term prospects and are selling. - Kyuie - 2019-05-02 10:15:47 PDT

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After IRM’s Q1 release the stock went down from $36 to current $32. I bought it at 36 last years so not happy about the drop. But I see this as opportunity to buy more as the drop is unwarranted. I think Iron mountain will rebound and go higher. - Rocco64 - 2019-04-27 09:27:29 PDT

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the lower FFO & AFFO will probably impact their uation numbers, but it seems it was for a good cause of the expansion/acquisition the company made in 2018. - LLNN - 2019-04-25 19:29:32 PDT

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So on Tuesday based on some positive companies earning reports the NASDAQ and S&P 500 had record closing highs, while the Dow was within 1% of an all-time record close, yet today with some lower than expected earnings the market is down. - LLNN - 2019-04-24 12:42:44 PDT

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Finally! It seems like the REIT stocks prices have bounced back! - WowReits - 2019-04-23 07:55:00 PDT - See full comment

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I bought #VQN in the mid seventy range in December, it in the high eighties now, great return in 4 month! - LLNN - 2019-04-27 15:30:08 PDT

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We need more reit companies in the market. If we had more options maybe the prices multiples would not be so high as there would be more options for investment. - Rocco64 - 2019-04-27 09:35:35 PDT

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Some bounces are probably due to positive earning reports coming out this week. - Kev B - 2019-04-23 13:45:02 PDT

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prices have been all over this week with the earning reports. holding off until after the dust settles. - Me332 - 2019-04-26 20:59:31 PDT


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Which do you think will be the best hotel and resort REITs to invest going forward? - Gekko5 - 2019-04-22 15:36:33 PDT - See full comment

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I do not think it is Innsuites Hospitality Trust (NYSE:IHT). - Kyuie - 2019-05-04 16:18:31 PDT

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I’m thinking of #MGP - MGM growth reit. I think it has long term potential. I haven’t been out to Vegas lately to checkout the competitiveness of their properties. Have some more homework to do on my part. - Rocco64 - 2019-04-27 10:26:36 PDT

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I have been interested in Brookfield Property Reit #BPR, due to all its growth and acquisitions, but wondering if it’s a healthy Reit. Opinions? - Atopp - 2019-04-22 08:04:46 PDT - See full comment

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Last month Brookfield acquired 62% of Oaktree Capital Group, LLC yet Oaktree will supposedly continue to operate independently. Oaktree by itself is a pretty large company in the alternative investment mgmt space, this purchase should do well for Brookfield. - LLNN - 2019-04-22 21:05:47 PDT

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Hi Gekko5, the company announced their end of June Q2 dividend will be $0.33/per share inline with their Q1 payment. I plan to buy Brookfield's BPR shares, but I'm practicing patience in waiting for the price to come down. Looking at the recent trend, it appears to have peaked in April and is now coming down again. This was similar to the trend it had in Sept 2018 when its share price peaked at $20-$21 and started a decline towards $15 in the Dec 2018 crash. So I'm waiting to lock it in at least 7% dividend yield at current dividend payment values but will monitor the stock price to see if I can do even better. - Kev B - 2019-05-12 09:55:38 PDT

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Any news on their dividends? - Gekko5 - 2019-05-04 15:35:29 PDT


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Is there only one REIT in India? I was searching for REITs by country and noticed there is only one in India. - GoGo - 2019-04-20 18:26:50 PDT - See full comment

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#EMBASSY is the first Indian reit, but now that they have open the way, more will follow. I believe there were years of legislation, government and corporate work necessary to make this happen. So going forward it should be easier for the next local and international companies partnering to do the same. Also, this is a new type of investment option for the Indian market, so initially it may be easier to attract foreign investment instead of local investment. But with time the local demand should also grow. - LLNN - 2019-04-22 21:11:40 PDT

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I've been following the development and growth of the Indian economy and business/political space for several years, and I'm optimistic about the potential Indian REITs will have in the future. I can't speak yet for how well EMBASSY will do as the countries first REIT, but I see there will be learnings and opportunities. - Atopp - 2019-05-03 12:55:54 PDT

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Understood, thanks @LLNN. - GoGo - 2019-04-22 22:09:13 PDT


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Innovative Industrial Properties #IIPR has gone up to $80 since inception in Dec 2016, what is going on? - Gekko5 - 2019-04-20 18:01:35 PDT - See full comment

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IIPR’s AFFO in Q1’19 increased 275% from the prior year’s first quarter. After going from AFFOs of 0.38 in Q4’18 to 0.54 in Q1’19, the stock popped. - AI_AI - 2019-05-28 19:43:27 PDT

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Every two or so quarters IIPR has increased its common stock's dividends! They started with 15 cents, then 25 cents, then 35 cents, now 45 cents per common share. This is great but can it keep it up or will it stabilize? Based on the low dividend-to-stock-price ratio it appears investor believe it will continue to increase its dividends for some time in the near future. - Kyuie - 2019-05-04 16:03:54 PDT

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Already hit above 86 today. Gekko5, to your question, I think a lot of it has to do with the IIPR REIT being "the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry." With all the excitement around the legalization of the weed industry, investors are looking to invest in companies that will service the cannabis business. Also, the stock further increased with week with the news that it acquired an industrial space with approximately 51,000 square feet in Pennsylvania and that it entered into a triple-net lease agreement with Maitri Genetics, LLC. - Me332 - 2019-04-26 21:16:05 PDT

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Can marijuana regulation still be reverted at this point, which would make this reit a risky? In other words, What are the impacts of regulation on this #IIPR? - Rocco64 - 2019-04-27 10:24:12 PDT


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Will Triple Net lease REITs be the only ones to survive the physical retail downturn? - Sem_Sem - 2019-04-20 14:23:28 PDT - See full comment

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STORE Capital (#STOR) improved both its FFO & AFFO this last quarter. - Rocco64 - 2019-05-27 17:52:04 PDT

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Every REIT retail segment is being impacted, the better question is to look at the tenant portfolio of the REITs to know if they have the discipline to only rent out to well accredited and rated companies that are resilient. - Wallbird - 2019-05-23 11:41:34 PDT

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No, other Retail REIT segments can and will prosper, as they are doing now. - Kev B - 2019-05-05 06:56:04 PDT

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Long on #STOR! - Atopp - 2019-05-03 12:57:02 PDT

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Although with a 4% or lower div-yield im not buying or selling. - Atopp - 2019-05-03 13:00:29 PDT

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Retails REITs like Brixmor are still showing they can do well aside from all the naysayers regarding the industry, I'm long on Brixmor. Some notable callouts from #BRX Q1 2019 ER: "Same property NOI growth for the three months ended March 31, 2019 was 2.0% versus the comparable 2018 period. Same property base rent for the three months ended March 31, 2019 contributed 160 basis points to same property NOI growth. Sears / Kmart had an impact of approximately (50) basis points on same property NOI growth in the three months ended March 31, 2019." "For the three months ended March 31, 2019 and 2018, NAREIT FFO was $142.8 million, or $0.48 per diluted share, and $154.8 million, or $0.51 per diluted share, respectively." which is a YoY drop, but more details regarding that are available in their report on their page. - Bob_knows - 2019-04-30 23:45:37 PDT

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nope! there are many other reits that own a lot of retail and are doing very well... for example Weingarten #WRI - alexanderTgreat - 2019-04-20 18:31:42 PDT

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Will current Cap Rate levels impact REITs and how? Will the impacts be visible in the short term or long term on financial reports? - Rocco64 - 2019-04-20 12:06:36 PDT - See full comment

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Some cities are at the peak of the real estate market cycle, meaning the demand for units is higher than supply. So REITs are paying more for assets in these areas right now. - Kev B - 2019-05-03 14:24:16 PDT

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Yes, with low cap rates, REITs are paying a premium for these properties, and if there is a downturn in the market which forces them to reduce prices or occupancy levels go down, the ROA will be lower. - Sem_Sem - 2019-06-11 20:47:56 PDT

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Cap rates have been at pretty much historic lows in last years, this reduces the returns for the individual investor of real estate and for REITs. A year ago I was looking at physical properties to invest to get some direct investment into real estate, and the Cap rates offered in major markets was at the range below 5%. That made the returns very unattractive for me, even more, when weighing the risk. So for REITs it is a similar process, the lower the Cap rate, the smaller the margins compared to the properties acquisition cost and the debt financing. So this affects the overall bottom line of a REITs AFFO/FFO. - Gekko5 - 2019-04-20 18:46:05 PDT

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What is the point of buying a REIT with a low dividend yield? Why bother? - LLNN - 2019-04-19 19:02:57 PDT - See full comment

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Some REITs with low dividend payout ratios got there because they continue to grow and provide stability as an investment, so although the dividend yield may be small, the company still has plenty of opportunities to grow per share price and less likely to lose its value. I use to think a lot like you when I first started, but now I recognize the importance of investing in REITs with low dividend yield. Some of my early investments if I had put the money in low yield dividends they would now be worth more than what they are worth in the high dividend yield ones I bought at the time. - 777i - 2019-06-16 22:16:27 PDT

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The good thing is that with today's dip you can get higher yield returns. - Jon7421 - 2019-05-07 21:16:40 PDT

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I own some REITs with low dividends (below 3%), but it is because I like the REIT and plan to hold the stock in my portfolio forever, and I project the stock will appreciate and the dividend payout value with grow faster than inflation. - Omick99 - 2019-04-19 22:47:25 PDT

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I don’t think you plan to hold it for ever, maybe you will hold until retirement or pass ir on to your family, etc, but nothing lasts forever :) - JohnforkO - 2019-05-06 14:26:34 PDT

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The point is that it is better to invest in a good reit with long term prospects than a reit with a higher dividend yield with short term prospects and market cap erosion. Moreover, take #ESS Essex that has a low 2.8% dividend yield but its stock price has grown from $170 to $270 in 5 years. How long would it take to have that equivalent appreciation via dividends? A long time, so buying a reit that has market cap growth potential can most likely be more lucrative than a higher yield dividend stock with flat stock price growth. - Sem_Sem - 2019-04-20 14:34:18 PDT


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Why are Seritage Growth Properties (SRG) shares so high? - Kev B - 2019-04-19 15:39:10 PDT - See full comment

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For one, investors are optimistic that it continues to decrease its rental income dependency from Sears. - Gekko5 - 2019-05-04 16:08:51 PDT

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SRG's Q1 2019 report stated, Q1 2019 FFO per diluted share of -$0.09 versus $0.20 in Q1 2018, and Company FFO (CFFO) per diluted share of -$0.09 versus $0.22 in Q1 2018. Seritage state "the decrease in Total NOI was driven primarily by reduced rental income under the Company’s original master lease (the “Original Master Lease”) with Sears Holdings Corporation (“Sears Holdings”) as a result of previous recapture and termination activity at our properties, as well as the rejection of the Original Master Lease during the three months ended March 31, 2019. In addition, the Company has sold 24 wholly-owned properties and 50% interests in three wholly-owned properties over the past 12 months which contributed to the decrease in Total NOI."... "The decrease in FFO was driven by the same factors driving the decrease in Total NOI, as well as (i) higher interest expense resulting from the Company’s debt refinancing in the third quarter of 2018, and (ii) higher G&A expenses, including increased personnel costs and certain legal and advisory costs related to Sears Holdings’ bankruptcy filing." - 777i - 2019-05-03 22:57:45 PDT

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Seritage is renovating several of its properties 84 of its 198 wholly-owned properties and 27 joint venture properties. "As of March 31, 2019, the Company had originated 84 redevelopment projects... an estimated total investment of $1.5-1.6 billion ($1.4-1.5 billion at share), of which an estimated $890-965 million ($825-900 million at share) remains to be spent, and are expected to generate an incremental yield on cost of approximately 10.3-11.3%." Although the company is taking steps to turnaround its portfolio and tenant base, the company valuation for me is still too rich. - LLNN - 2019-05-04 09:47:38 PDT