Reitnut’s Activity

Sun May 17

NL

Boards Post

Reitnut replied to the Real Estate Inv. Trusts: REITs board. 6:39 PM

Re: Alexandria NAV

I still don't get it. If total assets are $10.5 billion and liabilities are $4 billion, the net assets would be $6.5 billion; divided by 71MM shares outstanding is $91.50 per share. Green St's figure is modestly in excess of that, as they value the [more]

NL

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Reitnut replied to the Real Estate Inv. Trusts: REITs board. 6:26 PM

Re: Alexandria NAV

MonsterFluff, I am puzzled by one thing in your calculation: NAV is calculated on the basis of market value of assets net of debt, divided by the shares outstanding. You have "assets net of debt" of $3.407 billion. If there are 71.2MM [more]

NL

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Reitnut replied to the Real Estate Inv. Trusts: REITs board. 5:58 PM

Re: REG & KIM

The NSC sector is a fertile place for new REIT investments; many of these are very well-run and have modest debt leverage, they are leasing up vacant properties, SS NOI growth has been quite good, and new supply is not an issue at all (after the huge [more]

NL

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Reitnut replied to the Real Estate Inv. Trusts: REITs board. 5:47 PM

Re: ARE & AREEP

I still love ARE and AREEP, and have been buying a lot more of both. I exchanged emails with CEO Joel Marcus recently, and learned that, in his entire history in this business, market conditions have never been this good. A key factor is the [more]

NL

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Reitnut replied to the Real Estate Inv. Trusts: REITs board. 5:41 PM

Re: REITS-Strong Earnings

REITs' late Earnings Season has been quite good, with very few misses, many "beats" and higher guidance. Our space markets are doing well and supply, while increasing, is still at manageable levels in the vast majority of markets. And cap [more]

NL

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Reitnut replied to the Real Estate Inv. Trusts: REITs board. 5:28 PM

Re: Home Properties Buyout?

Unlike most buyout rumors, this one probably has some validity. I know nothing about the background or about any serious talks, but HME is prime buyout material given its NAV discount and lack of clear succession plan. Coupled with the interest in [more]

NL

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Reitnut replied to the Real Estate Inv. Trusts: REITs board. 5:22 PM

Re: A Personal Note

Thanks to you, too, Gear - I enjoyed the trip down Memory Lane! But, you may not miss me all that much - reports of my final departure, paraphrasing Mark Twain, are a bit exaggerated. :-)

R.

NL

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Reitnut replied to the Real Estate Inv. Trusts: REITs board. 5:19 PM

Re: A Personal Note

Thanks so much for the very kind words, Jim - I am blushing as I type. And I am delighted that I was able to make a very modest contribution to your financial security.

I am doubtful that we will ever find the REIT bargains that we did way [more]

NL

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Reitnut replied to the Real Estate Inv. Trusts: REITs board. 5:15 PM

Re: LHO: Solid Hotel REIT + Yield

One important thing to remember is that lodging/travel is fairly economically sensitive and this coupled with the segments lack of long term leases at least to the end customer makes these REITs economically sensitive in my [more]

Thu Apr 23

NL

Boards Post

Reitnut posted to the Real Estate Inv. Trusts: REITs board. 6:38 PM

LHO: Solid Hotel REIT + Yield

Here’s a short post of the type I have threatened:

I have never been a big fan of hotel REITs, as this category lacks the protection of long-term leases, and results can be cyclical and affected by new developments that have not been as [more]

Wed Apr 22

NL

Boards Post

Reitnut replied to the Real Estate Inv. Trusts: REITs board. 6:20 PM

Re: A Personal Note

A good friend of mine (who posts here) sent me an email late yesterday, asking me to take a look at the posts on our Board on this thread.

Well, my friends, I am pretty much at a loss for words - which doesn't happen to me very often. And, [more]

Sun Apr 19

NL

Boards Post

Reitnut replied to the Real Estate Inv. Trusts: REITs board. 8:52 PM

Re: BMR

BMR is a solid REIT. They own and lease space to life science companies, primarly pharma and biotech. This is a very good property sector, and is less economically-sensitive than most. Owners do, however, need to exercise care in tenant choice. BMR [more]

NL

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Reitnut posted to the Real Estate Inv. Trusts: REITs board. 8:36 PM

Shopping Malls: Far From Dead

Here's a post I did for Block Party early last month.

Ralph


Last week one of the many crazoid radical Islamic terrorist groups (it’s hard to keep track of them all – and who wants to?) made headlines by urging followers to [more]

NL

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Reitnut posted to the Real Estate Inv. Trusts: REITs board. 8:29 PM

A Personal Note

I'm not sure how long I've been posting here - perhaps over 10 years. I've very much enjoyed doing this, and probably learned almost as much when I am posting as when I read others' posts. But it does take time, and I find I have less and less of it [more]

Sun Mar 8

NL

Boards Post

Reitnut replied to the Real Estate Inv. Trusts: REITs board. 10:17 PM

Re: VNQ down over 3% this morning

Seems like reasoning on stilts to me, all starting with one month's employment rates, a single point of data that may be revised. Maybe the better explanation is simply: the herd stampeded south this morning.

Great post, gtw999. I [more]

Sun Mar 1

NL

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Reitnut posted to the Real Estate Inv. Trusts: REITs board. 6:57 PM

High REIT Prices: Should We Worry?

Here's another Block Party post I did for SNL, which was posted about a month ago. It may be of interest to some of you. My timing wasn't very good, as I believe REIT stocks grossly underperformed in February. But I still stubbornly believe in [more]

NL

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Reitnut replied to the Real Estate Inv. Trusts: REITs board. 6:49 PM

Re: READ this before buying REIT preferreds

Most of the quality REIT pfds that I track have YTFCs in the neighborhood of the low 4% to the mid-5% range. That may - or may not - be acceptable to many investors, but it's lower than the 6-7% that we have been accustomed to in recent years. There [more]

NL

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Reitnut replied to the Real Estate Inv. Trusts: REITs board. 6:35 PM

Re: HCN issuing more shares. Again....

The HCN secondary was a good move. It is financing current acquisitions partially with equity to avoid goosing debt leverage, and it is selling new shares at a price well above NAV. We don't know, of course, for how long the HC REITs can continue to [more]

NL

Boards Post

Reitnut replied to the Real Estate Inv. Trusts: REITs board. 6:30 PM

Re: Interesting Chart

As BG has noted, performance figures are heavily influenced by the time periods used. KIM performed well for a while, then was badly trashed during the Great Recession. KIM's sin was to go outside of US real estate (into Canada, Mexico and Latin [more]

Sun Feb 15

NL

Boards Post

Reitnut posted to the Real Estate Inv. Trusts: REITs board. 6:20 PM

REIT Pfds: Catch-22?

Those of us who have been very happy with our REIT pfds are now going through the agonies of a very troubling “Catch-22.” The term “Catch-22” has been defined as “a dilemma or difficult circumstance from which there is no escape because of mutually [more]

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Big red star, 1000 posts Top Favorite Fools Feste Award Nominee! Feste Award Winner! Old School Fool
Board Posts 3497
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Threads Started 446
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Most Frequent Board Real Estate Inv. Trusts: REITs
Very First Post Re: Where's REITNut? (8/24/1999)
Percentage of Posts Rec'd 86.39 %
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