Hints and tips:
...When I last wrote about NYCB, a month ago, I argued that its problems are largely company-specific and non-contagious. The bank, born of two mergers (one of them with Signature!)...
...Roughly a week ago, I was hiding under the big dining table in my apartment....
...I had a quick look at the balance sheets of Blackstone Mortgage and KKR Real Estate (Starwood’s Reit has a slightly different business model, which makes comparisons tricky)....
...A version of this article was first published by Nikkei Asia on August 21. ©2023 Nikkei Inc. All rights reserved....
...Regional Reit Limited, Schroder European Real Estate Investment Trust, Highwoods Properties, Boston Properties, Growthpoint Properties Australia, Emira Property Fund The author is a former portfolio manager...
...Most self-storage companies are structured as real estate investment trusts (Reits). A higher rate environment means the relatively high dividend yields generated by Reits are less attractive....
...But things are not going perfectly in multifamily real estate at the moment....
...I don’t know the answer, but it’s an important issue for investors....
...“I do have a little bit of non-traded . . . Reit envy,” said Marc Rowan, Apollo’s chief executive, last year, referring to Blackstone. “This has just been amazing....
...Reits — or rather some Reits — can act as an inflation hedge. Leases that reset annually, as is common for multifamily units, let rents rise with prices....
...A version of this article was first published by Nikkei Asia on August 12 2022. ©2022 Nikkei Inc....
...If I had to choose, I’d suggest that Switch Inc and CyrusOne sometimes look a bit unloved, particularly by comparison with the giants such as CrownCastle....
...But the Schroders European Reit looks really cheap and has produced some impressive recent returns (I own shares in this fund). I think Sherborne C shares are also a speculative bet....
...I believe Mr Carney will be very busy indeed at Brookfield. Possibly on problems other than renewable resource investment....
...CoreCivic said it will drop its real estate investment trust (Reit) status and become a taxable C corporation, a shift that comes with a higher tax bill but which will allow the company to cut its dividend...
...“I expect them to look at a combination of trying to sell assets and issuing equity, but it’s going to be very hard,” he said....
...Let’s take Brookfield Property Partners (BPY), the Bermudan-Canadian-global, Reit-like, income vehicle managed by Brookfield Asset Management....
...“I feel your pain when the value declines as it has these past weeks and especially the past three days,” Harvey Allon, the chief executive of Braddock, told investors on Tuesday....
...Digital Realty, a data centre Reit, paid out about 73 per cent of its cash flow in dividends....
...In Europe, which accounts for two-thirds of SSP’s revenue (inc. UK), IATA forecasts Q3 capacity down 45% vs. down 90% in Q2....
...So if I am an infrastructure or property company, how do I get into such a high-growth business?...
...While that Reit status had tax advantages, the rules around the conversion restricted asset sales for a five-year period....
...We come from very different backgrounds — Marty plays classical guitar, I play ice hockey. He’s a city kid, I’m not.” The pair worked at Citi for a few years then went their separate ways....
...“There is, dare I say, some conflict or competition between Finra and the SEC’s fiduciary standards and there could be more harmonisation,” says Mr Wyman....
...“I have two teenage daughters — not to generalise from unbelievably small sample size — but the younger generation, millennial generation is more interested in experiences and services versus accumulating...
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