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AAN, ACC, ACRVF, ADC, AEA, AHH, AHP, AHT, AMH, AMRE, APTS, ARCP, ARCT, ARE, AVIV, BMR, BOBE, BRG, BRX, BX, BXMT, CBRL, CCG, CDR, CHSP, CLDT, CMO, COLE, CONE, CORR, CPT, CSG, CSGP, CTRE, CTWS, CUBE, CUZ, DDR, DDS, DLR, DOC, DRI, EDR, EGP, ELS, EPR, EQR, EQY, ESRT, ESS, EXL, EXR, FPI, FRT, GEO, GGP, GOOD, GOV, GPT, GT, HASI, HCN, HCP, HIW, HME, HPT, HST, HT, HTA, HVT, IMKTA, IRC, IRET, IRM, KIM, KSS, LAMR, LHO, LOAN, LSE, LTC, LVS, LXP, MAC, MNR, MORE, MORL, MPW, MYCC, NHI, NLY, NNN, NRF, NYRT, O, OFC, OHI, OLP, PEB, PENN, PETM, RAD, REG, REXR, RHP, RLJ, ROIC, RPT, SBRA, SBUX, SHLD, SHW, SIR, SKT, SLG, SNH, SOHO, SPG, SRC, SSS, STAG, STOR, STWD, SUI, SWAY, TCO, UBA, UDF, UMH, VNO, VTR, WBA, WFM, WHLR, WPC, WPTIF, WRE, WRI, WSR, XHR
Bluerock Residential Pays 8.5%, Should I Buy It?
- Oftentimes, many investors consider a high-paying yield to be a BUY indicator, when in fact, it's the opposite.
- In order to grow value, Bluerock must focus on deleveraging its balance sheet and re-working its capital stack.
- That's stressful for us retail investors, as none of us want to get ARCP’d.
- The last thing I want to do is invest in a high-yielding Apartment REIT and then watch the dividend get torpedoed.
This Uniquely Positioned Net Lease REIT Pays 5.9%, But Wait For Pullback
- Most Net Lease REITs strive for higher investment-grade tenants, since there is a much lower probability for lease defaults.
- Another way we can examine EPR, based on intrinsic value, is to use the “Gordon Growth Model”.
- The Gordon Growth model does indicate the shares are cheaper, but that doesn’t take into consideration overall tenant credit quality.
- HASI is the high-credit backed REIT and EPR is the knowledge-based REIT - kind of like comparing apples to oranges.
Forget Beaten Up Utilities, Buy This 7.1% Clean Energy REIT
- My attraction with utility stocks is related to the sustainable attributes that make the defensive asset class virtually recession proof.
- It’s important to understand that HASI is a REIT but it’s really considered more of an investor in clean energy assets.
- HASI has an attractive portfolio of assets that are 97% investment grade.
- HASI is clearly not a utility stock but I believe the financier of clean energy is a sound sector with similarly reliable attributes.
- I am recommending shares at the current price level and I believe a big part of the discounted valuation is reflected in the modest coverage (investor) base.
Charlie Brown's Under The Radar $10 REIT Portfolio
- I’m looking to avoid the same bad luck that Charlie Brown avoids…the goal for both of us is to stay away from the rocks.
- Fidelity MSCI REAL ESTATE INDEX ETF charges a .12% management fee ($12 for every $10,000 invested), a tad more than the industry-leading Vanguard REIT ETF (VNQ) that charges .10%.
- Given the small-cap composition of the portfolio, I would expect to see above average results - that's seeking alpha!
Is Xenia REIT Protecting Dividends Like The Greek God Protects Travelers?
- Zeus exemplified the religious responsibility to be hospitable to travelers, and I suppose my obligation is to determine whether or not Xenia Hotels & Resorts is generous to investors.
- Since listing shares a few days ago, Xenia has have fallen by around 10%, with a market close of $20.91.
- The brokers who sold the non-traded shares are likely pursuing their clients to sell the shares to reinvest in another non-traded REIT (ka-ching, ka-ching).
- The true meaning (of Xenia) is to protect the traveler, and that's similar to the mantra of the SWAN (sleep well at night) - protect your principal at ALL costs.
HCP Inc. Slides On Woes Related To Its Top Tenant
- HCR ManorCare said that it "has responded to a Civil Investigative Demand, subpoenas and other requests for information regarding their skilled nursing facilities.".
- HCP derives around 90% of its post-acute revenue from HCR, or 29% of HCP's overall revenue.
- There’s a better BUY price now and HCP has provided a game plan to limit exposure and increase overall profitability.
Waiting On Monmouth To Be A Booster, Not Just A Rooster
- I see more clarity that Monmouth will be in a position to meaningfully grow its AFFO per share going forward.
- When I look at Monmouth’s dividend history, it appears the company is acting more like a utility than a REIT.
- I need a dividend booster, not just a share price rooster.
An Attractively Priced 'Build-To-Suit' REIT That Yields 6.1%
- Lexington Realty has a substantial pipeline of build-to-suit deals of around $500 million.
- Lexington has recently entered another property category - arguably the safest asset category in the real estate sector - ground leases.
- I’m continuing to plow funds into Lexington (no more than 5% of my REIT portfolio though) as I believe 2015 will be the turning point year.
There's A Reason Utilities Are On The Monopoly Board, I Just Bought One
- Today I am going to stay on the Monopoly board and discuss a close cousin to REITs, Utilities.
- I see strong correlations to real estate and utilities - they both deliver essential services measured by a long runway for demand.
- There's a reason utilities are on the Monopoly board… you can't win the game by owning just real estate.
Capitalizing On Mispriced Risk With REITs Exposed To Texas
- A handful of REITs with exposure in Texas are not feeling the love.
- United Development Funding has fallen off by around 21% since the company listed shares on June 4, 2014.
- East Group Properties, in a release this week, stated that <5% of their space in Houston is expiring in the next 2 years with energy tenants.
- My best consumer confidence barometer is my debit card.
- As I see it, consumers are saving at the pump, and spending it buying stuff.
Why Buy A CD When I Can Buy W.P. Carey?
- I place considerable value on the Net Lease REIT management teams who have been able to provide meaningful differentiation in both sourcing deals and managing portfolio risk.
- One of the best ways to measure quality is to examine a company’s dividend history.
- I know that I’m not getting any meaningful compounding benefits at the bank.
Starwood Waypoint Residential Has All Of The Ingredients For Something Special
- Starwood Waypoint Residential is likely to benefit from the fragmentation and strong macro-level characteristics.
- SWAY's business model has well-defined channels in which the growing REIT can take advantage of the enormous fragmentation and capitalize on the efficiencies generated through economies of scale.
- As I see it, most great franchises or brands come in packs of three.
- My point is that I see SWAY as one of the big consolidators, and that's the bet you are really making on this company.
I Love The Irreplaceable Assets, But I Need A 5% Dividend Yield To Excite Me
- "For companies with meaningful yields, I take dividend increases as the loudest and clearest message that management can send." - Josh Peters.
- Urstadt Biddle's capital structure is uncommon, with two classes of common stock.
- I had a few chances (last year) to pick UBA last year at a 5% dividend yield.
- Urstadt Biddle is definitely a buy-and-hold candidate, and I need to plant a 5% seed before I begin to start harvesting the crops.
A Sleep Well At Night REIT That Just Boosted Its Dividend
- A few weeks ago I listed some of the "most predictable REITs". Within that list of wide moat companies we can see that a majority have moved into a moderately valued price range and a few have become quite expensive.
- When I compare HCP with the peer group I can see that the company is trading at fair value, unlike many of the other similarly capitalized peers.
- HCP is the only REIT in the S&P 500 Dividend Aristocrat Index.
- This is the 30th consecutive year that HCP has increased its dividend and the annual distribution rate now advances to $2.26 per share.
What Is The World's Largest Net Lease REIT Worth?
- The margin of safety is the essence of value investing, because it's the metric by which hazardous speculations are segregated from bona fide investment opportunities.
- Green Street Advisors has devoted considerable resources to the NAV-based tool, and the company said "it has always been the driver of (its) valuation conclusions".
- After adding back in the cash balance (from the ARCP filing dated June 30, 2014), I arrive at an estimated Net Asset Value for ARCP of $8.48 per share.
Beware Of The Sucker Yield: Bumpy Roads Ahead For Wheeler REIT
- "This chase for yield in the stock market leads to the same thing that all such chasing leads to – impulsively reacting to dividend quantity over dividend quality". - Investopedia.
- I decided to take a closer look at Wheeler to determine whether or not the Virginia Beach-based REIT was operating within the high-risk makeup that's characterized as a "sucker yield".
- The bigger problem with Wheeler is that the company has not covered its dividend since going public, and it's likely that the source for the dividend will be below the $.42 payout in 2015.
People Have To Eat: Brixmor's Dividend Should Soar
- Brixmor is the largest "pure play", wholly-owned, grocery-anchored shopping center REIT.
- Around 70% of Brixmor's revenue is generated from grocery-anchored assets.
- "People have to eat". I know that sounds funny, but that's one of the main reasons I'm recommending shares in Brixmor.
- Brixmor has the lowest payout ratio (of all shopping center REITs), so it has the strongest potential to outperform.
Is Now A Good Time To Buy STAG?
- Overall the industrial sector experienced the strongest improvement in property fundamentals of any property sector nationally.
- STAG’s strategic risk assessment model has performed well as evidenced by the acquisition history – the company's stated goal is to grow the portfolio by 25% annually.
- I’m revising my FAIR VALUE Target from $22 to $24 per share as I expect STAG to continue to accelerate above average earnings growth.
A Predictably Profitable Hotel REIT That I Would Like To Own
- LaSalle's average dividend increase over the last 4 years is around 60%.
- One often overlooked metric is Return on Invested Capital, or AFFO/Debt & Equity.
- ROIC is an important profitability ratio because it tells us if the company is turning its capital into profits.
- I could have picked up LaSalle at close to a 4% dividend yield (90 days ago), so I'll wait for a better entry price today.
LTC Properties CEO Reveals The Secret Recipe For The REIT's Success
- Wendy Simpson has been CEO and president of LTC since 2007 and she was appointed Chairman of the Board in August 2013.
- "With the cost of money today, we will be using our available leverage to invest in development properties and accretive sale/leaseback properties." Wendy Simpson.
- "We are also, probably the least levered health care REIT." Wendy Simpson.
The Underdog REIT Barks Up This Inaugural Preferred Issue
- There is no premium for the Change of Control as you would see in most bond issues.
- This preferred is unrated, but would most likely be lower-rated than most of the peer group.
- Investors will notice that CorEnergy's preferred stock has a lower yield than its common stock.
Mr. Market Likes Uncle Bob And So Do I
- Sovran has surpassed the dividend payouts prior to the recession as the company recently increased its quarterly payout from $.68 to $.75 per share.
- Upon closer examination, we can see that the Sovran shares are a “tad” expensive and what I’m really telling you is that this is a good pick when shares pull back.
- Bottom Line: Mr. Market Likes Uncle Bob and So Do I.
I Just Got Another Raise: Thanks Realty Income
- Maybe a dividend increase seems boring to you but to me a dividend boost is almost like a message telegraphed to shareholders that the company can “take a lick’n and keep on tick'n".
- Oftentimes, we (investors) view dividend increases as less meaningful headlines when in fact, they are almost always great road maps for projecting the future success of a security.
- I have no interest in selling my shares and while I deem the security fairly-valued, I see tremendous opportunity for the company to extend its moat.
- I see no catalyst that supports a SELL, especially since management just telegraphed me a sign that says, “I’ve got your back covered”.
I'm Doubling Down On Gramercy Property Trust
- I was able to research Gramercy in great detail and that investment is paying off – big time!
- Gramercy may enjoy some of the same characteristics as ARCP; however, I consider Gramercy an investment.
- That commitment suggests that Gramercy is continuing to build brand equity around the most powerful forces in a dividend investor’s toolbox: durability.
- The latest 43% dividend increase was important for me as it validates the most meaningful message that management can send to an investor.
Physicians Realty Reports Healthy Acquisitions With Growth Off The Charts
- As suspected, DOC shares traded down when the secondary was announced and they rebounded for a weekend closing price of $16.99.
- Considering the robust growth we have seen since DOC hit the public spotlight, I consider the value proposition promising.
- I definitely plan to hold onto my shares as I believe there's above average upside as DOC ramps up its overall quality rating.
Chatham Rings Up A 25% Dividend Boost
- Hotels have been riding high on the rebound and that string demand has bolstered key operating fundamentals such as occupancies, average daily rates, and revenues per available room.
- Operationally Chatham is well-positioned to increase room rates, with high occupancy (around 84.3%) that increases ADR, driving profits higher.
- It was no surprise to see a 25% dividend increase this week.
Unlocking The Power Of Compounding: REITs That Pay Monthly
- By utilizing compounding, your portfolio amplifies the growth of your working money and maximizes the earning potential of your investments.
- While compounding is certainly a good way to build wealth, some investors invest in monthly paying stocks for a variety of other reasons.
- Instead of depositing your dividend checks in the bank, think of yourself as the bank.
Extra Space Is A Trusted Brand To Buy When Mr. Market Is Snoozing
- There is little doubt that rates are going to likely move up this year, and that could offer investors with the opportunity to take advantage of the REITs that grow.
- What I find most attractive about Extra Space is the highly innovative branding model, in which the company sources customers by multiple outlets: internet, call center, and drive-by.
- I believe that EXR has an extremely visible competitive advantage in its advanced technology assets.
- This is not a stock I would buy today, but put it on the "wish list" so you're prepared when Mr. Market is snoozing.
My REIT Underdog Pick For 2015
- CorEnergy primarily owns midstream and downstream U.S. energy infrastructure assets subject to long-term triple net participating leases with energy companies.
- Formerly a business development company, CorEnergy restructured a little more than a year ago to become an energy infrastructure-focused REIT.
- CorEnergy's business is not as heavily regulated as utilities; the risk is greater but so is the return.
- From a historic earnings perspective, CoreEnergy appears to be an attractive REIT based on valuation risk.
Don't Get 'Sharked' By Manhattan Bridge Capital
- Manhattan Bridge Capital is a "hard money" lender.
- While it sounds promising to invest in NYC assets, I see no value in the puny 6.9% dividend yield.
- "Shark yield": a yield backed by hard money lenders.
A Uniquely Positioned REIT You Can Buy Under $10
- One of the new REITs on the “Charlie Brown” list is Armada Hoffler Properties.
- I consider the substantial Insider ownership a good indicator that management is interested in creating value.
- I believe the shares are mis-priced and there appears to be a likely dividend increase on the horizon.
The World's Largest Net Lease REIT Is Ripe For A Takeover
- "The biggest catalyst for revived activity is today's new breed of activist investor" - Mike Kirby, chairman of Green Street Advisors.
- With the latest Corvex news, I am more confident that ARCP is "ripe for a takeover", and that could include a private or public investor - or both.
- If Realty Income were to acquire a large majority of ARCP's assets, I believe it would present the opportunity for continued accelerated FFO growth.