yodaorange’s Activity

Yesterday

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Boards Post

yodaorange replied to the Real Estate Inv. Trusts: REITs board. 5:26 PM

Re: Bullish on warehouse REITS

CM said: "I don't run a portfolio of buy and forget."

CM, therein lies part of the difference in our approaches. It is not a case of one being right and the other being wrong. I manage a large number of accounts. Many of them [more]

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Boards Post

yodaorange replied to the Real Estate Inv. Trusts: REITs board. 5:10 PM

Re: YODA

Bruce, thanks for the kind words. I am always pleased when I can add a little knowledge or experience to others.

Thanks,

Yoda

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Boards Post

yodaorange replied to the Real Estate Inv. Trusts: REITs board. 2:12 AM

Re: Bullish on warehouse REITS

CM said: "The 2008 financial meltdown is a once-in-a century kind of financial meltdown, meaning it has certain characteristics that are far different from raising rate environments."

CM, even if we assume that 2008 is a once in a [more]

Thu Jun 23

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Boards Post

yodaorange replied to the Real Estate Inv. Trusts: REITs board. 10:30 PM

Re: Bullish on warehouse REITS

CM said: "I would suggest MFO, this is a 30 yr bond issued by MFA."

CM, this is a bond offered by MREIT MFA Mortgage Investments. I do not follow them at all, but in general MREIT is a four letter word around here. The only two [more]

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yodaorange replied to the Real Estate Inv. Trusts: REITs board. 6:22 PM

Re: Bullish on warehouse REITS

MonsterFluff said: "However I do wonder about the series Q PLDGP."

MF, several years ago I had a series of posts about the three long call dated REIT preferreds. They are:


Coupon First Yield to
Yield Call [more]

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Boards Post

yodaorange posted to the Real Estate Inv. Trusts: REITs board. 3:37 PM

Bullish on warehouse REITS

Excerpt from Reuters article:

With Amazon and other e-commerce sites continuing to take market share from malls and other physical retailers, U.S. mutual fund managers are upping their bets on an overlooked part of the online shopping boom: [more]

Wed Jun 22

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Boards Post

yodaorange posted to the Real Estate Inv. Trusts: REITs board. 7:20 PM

More clockwork: New AMH preferred

American Homes 4 Rent must be taking lessons from Wayne Hughes. Recall that Wayne was the founder of PSA. We have been talking about serial preferred issuer/caller PSA. Wayne is now CEO of American Homes 4 Rent. They might be headed down the same [more]

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Boards Post

yodaorange replied to the Real Estate Inv. Trusts: REITs board. 5:32 PM

Re: Like clockwork: PSA calls preferred -R

Jim said: "someone on this board predicted that this stock would remain outstanding forever, never being called because the rate was so low."

Jim, there are two choices on this prediction:

1) If it turns out to be correct, [more]

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Boards Post

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

Re: Hotel REIT preferreds

Norm, my guess is that all of the hotel REITS are floating new preferreds while they still can. Their share prices are down so much, I assume they are all selling below NAV. This would make selling common shares be dilutive.

The market seems [more]

Tue Jun 21

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Boards Post

yodaorange replied to the Real Estate Inv. Trusts: REITs board. 9:45 PM

Re: Like clockwork: PSA calls preferred -R

Monsterfull asks: "like clockwork can we expect a new issue?"

Yes we can expect a constant stream of new issues from PSA. Here is the recent history of new PSA preferreds according to my records:


2011 1
2012 [more]

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yodaorange posted to the Real Estate Inv. Trusts: REITs board. 4:09 PM

Like clockwork: PSA calls preferred -R

Public Storage(PSA) announced today that it is calling for redemption all outstanding depositary shares representing interests in its 6.35% Cumulative Preferred Shares, Series R on July 26, 2016 at $25 per depositary share plus accrued dividends from [more]

Wed Jun 15

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Boards Post

yodaorange replied to the Real Estate Inv. Trusts: REITs board. 5:14 PM

Re: Reitnut?

Unfortunately, REITnut is still on the injured reserve list. It has not gone well, but I cannot provide any more details.

I do know that he appreciates your continued thoughts and prayers.

Yoda

Recommendation

yodaorange recommended brucedoe's post on the Real Estate Inv. Trusts: REITs board. 5:10 PM

Re: The REIT Bull Market

Tue Jun 14

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Boards Post

yodaorange replied to the Real Estate Inv. Trusts: REITs board. 10:22 PM

Re: LHO

LD asked about LHO:

LD, unfortunately LHO and the entire Lodging/Resorts subsector has been VERY ugly. Here are the median returns for all of the NAREIT subsectors from 12/31/14 through today (6/14/16).



Sector [more]

Fri Jun 10

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Boards Post

yodaorange replied to the Real Estate Inv. Trusts: REITs board. 11:14 PM

Re: The REIT Bull Market

Valuemongeragain said: “Both multiples and FFO can expand/grow or contract, but for REITs to have performed as they have for the last few decades there has been a lot more expansion and growth instead of contraction.”

Excellent analysis VM! [more]

Recommendation

yodaorange recommended Valuemongeragain's post on the Real Estate Inv. Trusts: REITs board. 3:11 PM

Re: The REIT Bull Market

Wed Jun 8

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Boards Post

yodaorange posted to the Real Estate Inv. Trusts: REITs board. 9:05 PM

Activist Investors in REIT space

The New York Times has a story about activist investors targeting REITS. Apparently it is more common that I was aware of. The most famous one that was successful was the group that put Sam Zell in and threw the Portnoy's out of Commonwealth [more]

Tue Jun 7

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yodaorange posted to the Macro Economic Trends and Risks board. 11:37 PM

Valeant: Textbook moral dilemma

Valeant Pharmaceuticals was/is a high flying drug company. Their CEO had developed a new to the drug industry business model. When you think of traditional drug companies like Merck, Pfizer, Upjohn, etc. you recall the large R&D budgets looking [more]

Recommendation

yodaorange recommended flyerboys's post on the Macro Economic Trends and Risks board. 2:16 PM

Re: Best Silver Investment

Mon Jun 6

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Boards Post

yodaorange replied to the Macro Economic Trends and Risks board. 9:56 PM

Re: Best Silver Investment

Flyerboys wrote:" . . . also increased in value almost 100 fold."

INCREDIBLE JOB FB! We need to commission you to start the FB Art Fund!

You point got me thinking about acquiring art. I am willing to bet that you bought [more]

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Boards Stats & Trivia

Big red star, 1000 posts Top Recommended Fools Feste Award Nominee! Feste Award Winner! Old School Fool
Board Posts 2620
Recs Received 36653
People who have rec'd these posts 1118
Recs to Posts Ratio (last 30 days) 27.50
Threads Started 1447
Threads Started Percentage 55.23 %
Most Frequent Board Real Estate Inv. Trusts: REITs
Very First Post REITs Racing to Bankruptcy (8/31/2009)
Percentage of Posts Rec'd 95.46 %
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