Last week I wrote an article on the Shopping Center REITs and I ended the article with my favorite shopping center REIT today, Excel Trust (EXL). I did not write a detailed article on Excel; I simply made the point that the San Diego-based REIT had one of the lowest valuations (based on 13.5x P/FFO) and an above average dividend yield (of 5.81%).
Since going public almost four years ago (on April 28, 2010) Excel has quietly been executing its investment objectives by focusing on its mid-market model of necessity brand tenants with a value oriented sales model. In addition, Excel's strategic acquisition model is to locate in hubs that form a lower circle around the...
Only subscribers can access this article, which is part of the PRO research library covering 3,602 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: