Hints and tips:
...In this sense, AMC resembles temporary office group WeWork, another enterprise with a property footprint unsuited to the current economy....
...Results: Eli Lilly, UPS, Under Armour, Warner Music, Fox Corporation, Rivian, AMC Entertainment, Duolingo, Lyft and Bumble all report earnings today....
...(Twitter) — China’s property market is looking wobbly. (Bloomberg)...
...“Regulators have pushed the AMCs to reduce their exposure to property, but it remains the single largest sector in their portfolios,” she added....
...The business hopes to sell its assets, though rumoured talks with rival AMC never took place, it says. Its movie theatres are only useful to a buyer who wants to run a cinema chain....
...Compare that to the wall-to-wall carnage of AMC’s zombie juggernaut The Walking Dead, an initially clever and leanly-plotted series that outstayed its welcome, lumbering on, dead-eyed, for 11 seasons....
...“Although most of these credit exposures are for projects and are well-collateralised with low loan-to-value ratios, they are vulnerable to a plunge in property sales and a decline in property prices,” analysts...
...The latest profit warning adds to concerns over the exposure of AMCs to cash-strapped property developers through their restructuring businesses for distressed companies....
...Last year Wanda sold off its shares in AMC and reduced its ownership of Legendary....
...Revlon’s most senior creditors own a $2bn loan secured against much of the company’s intellectual property located in a Revlon subsidiary vehicle called BrandCo....
...In the end, these unlisted property company shares were valued on a matched bargain basis and transferred....
...This is particularly worrisome for young property owners with huge amounts of mortgage debt....
...We don’t have endless intellectual property.” (The studio has never acquired a comic-book company like Disney’s Marvel; the Fast & Furious series was homegrown.)...
...At the same time, markets have to confront myriad other unsettling dangers, such as rising fears that Russia could invade Ukraine, slowing global growth, messy supply chains, China’s wilting property sector...
...That’s understandable when you have stories like AMC Entertainment and how Silver Lake was able to take full advantage of the Reddit rally....
...The four AMCs absorbed bad loans with a total face value of $800bn, although their market value was a fraction of that amount....
...“If you’re a boss of an AMC [asset management company] and your future is to close it down next year as was originally designed,” he added, “it’s probably not good for morale.”...
...Typical of a property owner that has struggled to collect rent from the sector is Weingarten Realty Investors, which has 165 properties, mostly outdoor centres in the south and west....
...“What no one seems to be talking about is that the other AMCs [asset management companies] may be in trouble,” said Collier. “We just don’t know . . . there’s not any transparency.”...
...For a generation priced out of the property market, these kinds of gambles present an alluring short-cut to a housing deposit....
...Vonovia, Germany’s largest residential landlord, agreed to buy its rival Deutsche Wohnen, giving it control of almost €90bn of property....
...AMC is the seventh-largest contributor to rent for National Retail Properties, another Reit....
...Now it has agreed to buy intellectual property management and tech company CPA Global in an all-share deal that values the company at $6.8bn. Clarivate shareholders appear to be in favour....
...US cinema chain AMC Entertainment, Canada’s Cineplex and global fashion retailer AllSaints are among companies that have made progress towards agreements that link rents to the level of turnover....
...and Brixmor Property Group....
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