Dane Bowler
Value, hedge fund analyst, REITs, registered investment advisor

Campus Crest: The Best Investment Among Student Housing REITs

The Buy Thesis

Campus Crest (NYSE:CCG) is a student housing REIT with multiple catalysts that should create substantial outperformance.

  1. Strong industry fundamentals
  2. Deep value compared to its peers
  3. Thriving operations
  4. Unique development capabilities provide superior growth
  5. Healthy Balance sheet with ample liquidity
  6. Bigger tax advantaged dividend

Together these catalysts provide outsized reward relative to the risk. Let us explore each in more depth.

Industry Fundamentals

The demand for student housing is highly correlated with college enrollment and it appears to be increasing. As adult students tend to live away from campus, the more relevant students of the enrollment pool are those fresh out of high school.

While a sizable portion of the increase is part-time students who are...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details