Seeking Alpha

Brad Thomas

 
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  • Is Equity Residential A Fortress REIT Brand To Buy Now?
    Editors' Pick • Mar. 24, 2014 EQR 16 Comments

    Summary

    • Sam Zell insists that every investor “should dig deeper into a company before investing. It’s not enough to know sales and profit margins”.
    • I do not see a “margin of safety” in Equity Residential.
    • As a value investor, my primary goal is to preserve capital, and I’ll wait on a better day to own EQR.
  • Blackstone's Private Equity Model Is Hitting All Cylinders
    Editors' Pick • Mar. 21, 2014 BX 96 Comments

    Summary

    • Since January 2009, Blackstone has returned over 948%.
    • Blackstone has a tremendous amount of "dry powder" available to employ that will drive growth and earnings.
    • During the fourth quarter of 2013, Blackstone attracted gross asset inflows totaling $17 billion and $60 billion for the year.
  • How Does An Intelligent Investor Navigate Mortgage REIT Risk?
    Mar. 19, 2014 AGNC, JNJ, NLY 55 Comments

    Summary

    • My view of a dividend champion has been consistent and that definition is based upon the premise of durable dividend payments.
    • Finding an attractive dividend-paying stock is just one part of the puzzle, buying them is another.
    • Mortgage REITs are playing an important role in helping provide capital for commercial and residential real estate in the recovery ahead.
  • Sam Zell Owns Equity Lifestyle, Should I?
    Mar. 18, 2014 ELS 3 Comments

    Summary

    • When compared with the broader Multifamily sector, ELS has outperformed the larger peer group based on historic Same Store NOI growth.
    • ELS has a much better dividend growth record with average 3-year dividend growth of 17% and average 5-year dividend growth of 24%.
    • I would recommend the ELS-C 6.75% Preferred Issue that’s trading at $23.62 with a current yield of 7.13%.
  • ARCenters - You Have To Think Anyway, So Why Not Think Big
    Mar. 17, 2014 ARCP 185 Comments

    Summary

    • ARCP intends to unlock value by creating a leading shopping center REIT via a strategic spinoff.
    • ARCP intends to focus ARCP’s strategy as a pure-play net lease REIT.
    • ARCP intends to improve credit profile.
  • Maybe This Triple Net REIT Will Get Your Spirits Up
    Mar. 11, 2014 SRC 17 Comments

    Summary

    • Since listing on September 2012, Spirit’s shares have increased by approximately 34.4%.
    • Over the last 90 days, most REITs have outperformed and Spirit’s shares have climbed by around 7.2% during that time period.
    • Spirit closed at $10.59 with a current dividend yield of 6.28%.
  • A Value Investor Explains Why He Owns Digital Realty
    Editors' Pick • Mar. 10, 2014 DLR 65 Comments

    Summary

    • Value investors have learned over time that the way to win the game is to focus on both price and value – that is, paying less.
    • As I have watched all of the drama unfolding with Digital (over the course of months), I have never questioned the company’s fundamentals.
    • Digital’s fourth quarter results exceeded expectations and the 10%+ beat consensus in the latest quarter ($1.26/share vs. $1.14/share) and that should propel momentum during the year.
  • Tanger Outlets: Nobody Does It Better
    Editors' Pick • Mar. 7, 2014 SKT 45 Comments

    Summary

    • In the new age of retailing, it’s becoming quite clear that the most sustainable companies will have to be experts in all business lines – full price, discount, and e-commerce.
    • Although Tanger is not the largest mall REIT based on size, the company does flex considerable muscle when it comes to its “fortress” balance sheet.
    • I’m sticking with my “sleep well at night” BUY price of $32.00.
  • Super-Size Your Dividend Portfolio With More ROIC
    Mar. 6, 2014 ROIC 20 Comments

    Summary

    • A dividend increase represents a commitment by a company that its shareholders are important, and the message is plain and simple: you can count on the income.
    • Oftentimes, insiders also have insight into marketing, improving industry conditions, and the potential for future financial transactions that may improve the health of the business.
    • My initial acquisition price was $13.60 per share, and I have been pleased with the results – shares are up around 9.9% (closed at $14.98).
  • Is American Realty Capital A Monster Or A Machine?
    Editors' Pick • Mar. 3, 2014 ARCP 136 Comments
  • Is Omega Healthcare's Risk In Government-Based Income Overstated?
    Editors' Pick • Feb. 28, 2014 OHI 55 Comments
  • Up Close With This Pure Play Hospital REIT CEO
    Feb. 27, 2014 MPW 57 Comments
  • Chatham Lodging Trust: I May Be Adding SALSA To This Hotel REIT That Pays Dividends Monthly
       • Feb. 25, 2014 CLDT 32 Comments
  • Why I Sleep Well At Night Owning This Blue Chip Health Care REIT
    Editors' Pick • Feb. 25, 2014 VTR 47 Comments
  • A Preferred Bond Replacement Strategy For Intelligent REIT Investors
    Feb. 24, 2014 CDR, EPR, FCH 51 Comments
  • Why Is Risk Management Essential For This MOB REIT?
    Editors' Pick • Feb. 22, 2014 HTA 57 Comments
  • What's The Secret Sauce That Makes STAG A Smokin' Hot REIT?
    Editors' Pick • Feb. 19, 2014 STAG 34 Comments
  • 12 REITs That Pay Monthly Dividends And 1 Great One That Does Too
    Feb. 18, 2014 ARCP, ARR, CLDT 157 Comments
  • It's Time To Dissect This Pure Play Health Care REIT
    Feb. 17, 2014 MPW 46 Comments
  • Mr. Market Is Starting To Spread The Love For This Small Cap REIT
    Editors' Pick • Feb. 17, 2014 EXL 14 Comments
  • The REIT Answer For Darden Is Its Coveted Real Estate Portfolio
    Editors' Pick • Feb. 14, 2014 DRI 51 Comments
  • Could 2014 Be The Year For The Mid-Cap REITs?
    Editors' Pick • Feb. 12, 2014 ARCP, BMR, BRE 74 Comments
  • Sam Zell Thinks Most REITs Aren't Relevant, Except His Of Course
    Editors' Pick • Feb. 11, 2014 AVIV, AXE, CVA 83 Comments
  • A Premium Healthcare REIT That Delivers Something Special
    Editors' Pick • Feb. 10, 2014 OHI 68 Comments
  • Mr. Market Cannot Be Relied Upon To Provide Dependable REIT Income
    Feb. 7, 2014 ESS, FRT, GOOD 43 Comments
  • Gladstone Commercial: It's Too GOOD To Be True
       • Feb. 5, 2014 GOOD 67 Comments
  • No Margin Of Safety In Amazon, But What About An Amazon Landlord?
    Editors' Pick • Feb. 3, 2014 CSG 61 Comments
  • Blackstone Mortgage Trust: I'm Warming Up To This Simple mREIT
       • Feb. 1, 2014 BXMT 40 Comments
  • No Margin Of Safety In FedEx, But What About A FedEx Landlord?
       • Jan. 29, 2014 MNR 77 Comments
  • How To Buy REITs Like Sir John Templeton
    Jan. 27, 2014 ARCP, COLE, DLR 113 Comments
  • Power Up Your Portfolio With This Power Center REIT
    Editors' Pick • Jan. 27, 2014 DDR 10 Comments
  • STAG May Soon Be The Next 'Monthly Dividend Machine'
    Editors' Pick • Jan. 22, 2014 STAG 67 Comments