MonsterFluff’s Activity

Wed May 20

Stock Advisor Boards Post

MonsterFluff replied to the Stock Advisor boards. 8:16 AM

Tue May 19

NL

Boards Post

MonsterFluff replied to the Real Estate Inv. Trusts: REITs board. 11:49 PM

Re: alexandria --a REIT in a niche

maybe not the price you pay, but it has a significant effect on the price paid for assets and indirectly will effect the value of the stock/REIT

With cap rates at almost historic lows, I don't see any direction but up when the interest rates [more]

NL

Boards Post

MonsterFluff replied to the Value Hounds board. 5:18 PM

Re: Alexandria --a REIT in a niche

I like REITs. The few I have bought pay me money --most monthly. They keep paying never complaining. They are like having real estate and tenants you don't have to harangue for the rent or go in and clean up after they leave in the middle of the [more]

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Boards Post

MonsterFluff replied to the Real Estate Inv. Trusts: REITs board. 5:00 PM

Re: Alexandria NAV

this helps

I think yall found the problem. I misread the asset additions. The intention is to capture anything that hasn't had a chance to add NOI but will. The cutoff or definition of "new" may be squishy but it might be best to [more]

Mon May 18

NL

Boards Post

MonsterFluff replied to the Real Estate Inv. Trusts: REITs board. 9:13 AM

Re: Alexandria NAV

thanks guys

I got the approach at this website

[more]

Sun May 17

NL

Boards Post

MonsterFluff posted to the Real Estate Inv. Trusts: REITs board. 11:08 PM

alexandria --a REIT in a niche

Preferred shares
ARE-E
AREEP
10-year treasury 2.14%
Cap rates 5-6%
Spread 2.86-3.86%

REITs and Rates

The spread between interest rates and cap rates is narrow. Should interest rates normalize at 4.5%-5%, [more]

NL

Boards Post

MonsterFluff posted to the Value Hounds board. 11:07 PM

Alexandria --a REIT in a niche

Preferred shares
ARE-E
AREEP
10-year treasury 2.14%
Cap rates 5-6%
Spread 2.86-3.86%

REITs and Rates

The spread between interest rates and cap rates is narrow. Should interest rates normalize at 4.5%-5%, [more]

NL

Boards Post

MonsterFluff replied to the Real Estate Inv. Trusts: REITs board. 9:03 PM

Re: Alexandria NAV

thanks Ralph

I followed the steps from REIT U.

First calculate the market value of the NOI using the cap rate
That was $7.6 billion. That's the value of NOI.

The second group of assets that they say to value are the [more]

Sat May 16

NL

Boards Post

MonsterFluff replied to the Real Estate Inv. Trusts: REITs board. 5:45 PM

Re: Alexandria NAV

I got the calculations at REIT University online education. So I pretty much followed their template. Cn't say their metho is right but it seemed like they knew what they were doing. I don't do each thing--some are hard like economic cap rate applied [more]

NL

Boards Post

MonsterFluff replied to the Value Hounds board. 12:15 PM

Re: Alexandria NAV/share

that's about where I would expect. I saw that figure quoted somewhere else from the company. Can't find it now. Wish I could get my calculations to work :(

Fri May 15

NL

Boards Post

MonsterFluff replied to the Real Estate Inv. Trusts: REITs board. 9:39 PM

Re: Alexandria NAV

i did do that separately and it went to $125--a bit closer
Still don't think it's undervalued

It's an interesting REIT in a specialized niche. The properties tend to be expensive and the tenants requirement are slightly different than [more]

NL

Boards Post

MonsterFluff replied to the Value Hounds board. 6:11 PM

Re: Alexandria NAV/share

thanks for the input

Not sure it's SOP to use preferred and convertible shares in the NAV/share

However even if you do the value is $125/share

Somewhere I am missing a liability

NL

Boards Post

MonsterFluff replied to the Real Estate Inv. Trusts: REITs board. 12:28 PM

Re: Alexandria NAV

thanks for the input

I have a typo in there sorry about that

The total assets are $10,749,000 in thousands or about $10.5 billion
You combine the assets net of debt from the balance sheet with the market value of NOI. That $7.3 [more]

Thu May 14

NL

Boards Post

MonsterFluff posted to the Value Hounds board. 5:47 PM

Alexandria NAV/share

Usually I'm not too far off NAV per share. As with DCF, you should get values that are reasonably close to the share price today. Any large mismatches can support a case for undervalued/overvalued. With PSA my NAV/share was within a dollar or two of [more]

NL

Boards Post

MonsterFluff posted to the Real Estate Inv. Trusts: REITs board. 5:46 PM

Alexandria NAV

Usually I'm not too far off NAV per share. As with DCF, you should get values that are reasonably close to the share price today. Any large mismatches can support a case for undervalued/overvalued. With PSA my NAV/share was within a dollar or two of [more]

Wed May 6

NL

Boards Post

MonsterFluff replied to the Value Hounds board. 12:45 PM

Re: WP Carey

thanks guys

I have been running an income port for my 'rents for about 4 years. Until you actually put one together that must pay out a living wage every month, it's hard to imagine what to do to make it happen. It's taught me a [more]

Tue May 5

Stock Advisor Boards Post

MonsterFluff replied to the Stock Advisor boards. 2:36 PM

Sun May 3

NL

Boards Post

MonsterFluff posted to the Value Hounds board. 11:18 PM

WP Carey

Still looking for low-ish risk yield. It's not easy in the current market. There comes a time in the life of a portfolio when it needs to start paying its way and buying the cat food.

I keep reading that a portfolio traditionally should be [more]

Fri Apr 17

NL

Boards Post

MonsterFluff replied to the Value Hounds board. 5:52 PM

Re: Cat-a-palooza

i missed it :( It's kittykat-palooza everyday here

Tue Apr 14

NL

Boards Post

MonsterFluff replied to the Value Hounds board. 9:17 AM

Re: POD for MonsterFluff

thanks rp

I do feel a name change coming on :)

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