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...Reits are financed with both debt and equity, so an accurate comparison requires a bit more work. Suppose a Reit has a loan-to-value ratio of 35 per cent (as was the case on average in mid-2023)....
...EcoPro and EcoPro BM “are typical meme stocks”, said Chan Lee, managing partner at Petra Capital Management, a Seoul-based hedge fund....
...The first solo exhibition of the Lebanese artist’s work in a US museum includes her Bribes de corps series, whose experimentation hinges on the body....
...Local real estate investment trusts, or Reits, provide no better choice. Some big local Reits, including Japan Real Estate Investment Corp, have lost over a tenth in the past year....
...It also means investors have fewer ways to cash out, although they can generally sell their shares back to the fund at fair value during a monthly window....
...REITs avoid corporate tax by distributing most of their cash flow each year to shareholders. American Tower is a REIT....
...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....
...Petra Capital Management....
...(FT) News round-up Shari Redstone explores plan to launch Fox News competitor (Hollywood Reporter) Blackstone REIT to buy Bellagio from MGM Resorts for $4.25bn (Reuters) Thomas Cook chief says lack of...
...Bloomberg News reports that Saudi Arabia’s sovereign wealth fund, which put up $45bn for the first fund, is only planning to reinvest profits into the new fund....
...property for K Raheja Corp, a leading developer....
...Shares in this new unit, known as a REIT, would be handed to existing Windstream shareholders. Windstream, which provides phone and internet services, would then lease the wires back from the REIT....
...Chan H Lee, managing partner at Petra Capital Management, said the earlier restructuring proposal by Hyundai was “nonsense” and “designed to benefit only Chung Euisun at the expense of other minority shareholders...
...and earn fees on the other two Northstar Reits....
...The spending spree has been led by state-run pension fund NPS and sovereign wealth fund Korea Investment Corp (KIC), followed by securities companies and asset managers....
...Senvest Management, a New York-based hedge fund, has written to the board of directors of Northstar Realty Europe Corp claiming the company has suffered from high management fees and should be liquidated...
...Petra Diamonds has appointed Richard Duffy as chief executive. The former gold miner was previously chief financial officer of African operations at AngloGold Ashanti....
...Asia has become a hotspot for activist hedge funds and other hostile corporate activity, although the trend has been driven by US-based funds....
...Daniel Ismail, analyst at Green Street Advisors, said: “If you look at the publicly traded office Reits, they are not trading very well . . ....
...Morrison & Foerster has hired Heath Linsky as a partner in its Reit group. Linsky joins from Morris, Manning & Martin where he was also a partner....
...Their first products invested money in real estate investment trusts (Reits), tradeable property securities that had been available since 1960 but were little used....
...At the same, it entered into a sale-leaseback transaction with the Reit to rent equipment. Windstream thought it had done so in a way that would not trip its debt covenants....
...Even so, MSR intensive Reits such as PennyMac Mortgage Investment Trust and New Residential Investment Corp are still yielding more than 11 per cent....
...just from the large well-known ecommerce providers, but many of brick and mortar retailers have been getting their own online strategy,” says Steve Buller, manager of the Fidelity real estate investment fund...
...Pension funds and insurance companies — including Legal & General and Pension Insurance Corp — have been lending to housing associations for several years....
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