Seeking Alpha

Brad Thomas

 
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PRO Articles
PRO articles cover stocks that fly under most investors' radar screens.
  • More Than A Ray Of Hope For Sun Communities
       • Tue, Oct. 28 SUI 10 Comments

    Summary

    • It would seem opportunistic for Berkshire Hathaway to invest in Sun Communities, since the Oracle from Omaha already owns Clayton Homes.
    • By owning a scaleable Manufactured Housing REIT, it would seem logical that Buffett's crown jewel could extend its moat by vertically integrating the Clayton brand.
    • By maintaining an adequate margin of safety, I see more than a ray of hope for Sun Communities. I see a durable REIT that should outperform.
  • Should An Intelligent Investor Buy This Cyber-Focused Office REIT?
       • Tue, Aug. 19 OFC 10 Comments

    Summary

    • COPT does not focus on leasing to tenants engaged in weapon system production.
    • COPT has a strategic tenant niche that provides real estate solutions serving a specialized cyber-based platform.
    • The dividend cut in 2012 was substantial, and since that time, the company has generated reduced earnings (FFO per share).
    • I can't justify an investment in this REIT without adequate protection of principal.
  • WPT Industrial Is A High-Paying Canadian REIT That Pays Monthly
       • Wed, May. 7 WPTIF 19 Comments

    Summary

    • One of the reasons that WPT listed on the Canadian exchange was the fact that the company could achieve more "shelf space" in Canada than in the US.
    • Based on US standards, WPT is a highly leveraged REIT.
    • WPT is trading at cheap valuation of 9.8x Price-to-Funds from Operations (P/FFO).
  • I'm Buying W.P. Carey For The Long Haul
       • Tue, Apr. 15 WPC 83 Comments

    Summary

    • S&P recently provided WPC with a strong credit rating.
    • WPC increased its quarterly cash dividend to $0.895 per share, which equates to an annualized rate of $3.58.
    • Carey’s 15-year track record for dividend performance “seals the deal.”.
  • Campus Crest Looks Cheap, Should I Hit The Buy Button?
       • Tue, Apr. 8 CCG 22 Comments

    Summary

    • Since my article in February 2013 it’s clear to see that Mr. Market saw no “zest” for Campus Crest.
    • I believe there’s more value in owning the common shares today that are priced at $8.62.
    • Considering that this REIT pays out over 90% of its FFO, I’m not calling this a table pounding BUY.
  • Can Healthcare Trust Of America Withstand A Lickin' And Keep On Tickin'?
       • Tue, Apr. 1 HTA 32 Comments

    Summary

    • Since I started accumulating shares (August 21st), HTA has returned 14.73%, beating the S&P 500 (14.5%) and most other REIT peers.
    • As healthcare utilization increases, there will be an increase in the need for all types of providers, including doctors and on-physician workers.
    • HTA has demonstrated a growing track record of consistency and a dividend increase to me implies that the earnings stream (and dividends) can withstand a “lickin' and keep on tickin'."
  • Chatham Lodging Trust: I May Be Adding SALSA To This Hotel REIT That Pays Dividends Monthly
       • Tue, Feb. 25 CLDT 32 Comments
  • Gladstone Commercial: It's Too GOOD To Be True
       • Wed, Feb. 5 GOOD 67 Comments
  • Blackstone Mortgage Trust: I'm Warming Up To This Simple mREIT
       • Sat, Feb. 1 BXMT 40 Comments
  • No Margin Of Safety In FedEx, But What About A FedEx Landlord?
       • Wed, Jan. 29 MNR 77 Comments
  • No "Mud Pie Eating Contest" For National Retail Properties
       • Tue, Jan. 14 NNN 17 Comments
  • Lexington Realty Trust Is A 'Dark Horse' REIT That Should Shine In 2014
       • Dec. 23, 2013 LXP 60 Comments
  • Intelligent Perspectives From Physicians Realty Trust, The Highest Yielding REIT In The HealthCare Sector
       • Dec. 18, 2013 DOC 18 Comments
  • It's Time To Seed My REIT Portfolio With Medical Properties Trust
       • Dec. 16, 2013 MPW 63 Comments
  • Whitestone's Double Whammy Scares Me
       • Dec. 9, 2013 WSR 65 Comments
  • Should I, Would I, Or Could I Buy This Sale/Leaseback Pioneer?
       • Dec. 4, 2013 WPC 39 Comments
  • I Found An Attractive Margin Of Safety In Home Properties
       • Dec. 2, 2013 HME 20 Comments
  • Ryman Hospitality Has A Nice Yield But Offers Little Diversification
       • Nov. 25, 2013 RHP 6 Comments
  • UMH Is Paving The Way With An Attractive 7.67% Dividend Yield
       • Nov. 25, 2013 UMH 20 Comments
  • I Like NHI But I'm Not Ready To Buy
       • Oct. 25, 2013 NHI 22 Comments
  • I Have To Bench One Liberty Properties For A More Reliable Player
       • Oct. 21, 2013 OLP 5 Comments
  • I Can't Fit A Square Peg In A Round Wheeler REIT
       • Oct. 21, 2013 WHLR 1 Comment
  • Is There A Margin Of Safety In Monmouth?
       • Oct. 18, 2013 MNR 57 Comments
  • ARCP Is A REIT That I Trust But I Will Wait To Verify
       • Oct. 9, 2013 ARCP 48 Comments
  • Why I Added This Micro-Cap REIT That Pays 7.38% To My SALSA Portfolio
       • Sep. 23, 2013 UMH 50 Comments
  • EPR Properties: No Longer A One-Tenant REIT; Now A Monthly Dividend Treat
       • Sep. 16, 2013 EPR 68 Comments
  • Highwoods Properties: Nothing Could Be Finer Than A REIT In Carolina
       • Sep. 3, 2013 HIW 23 Comments
  • The Evolution Of A High-Yielding Diversified REIT
       • Aug. 30, 2013 IRET 17 Comments
  • Take Charge, STAG Looks More Like A Rhino Than A REIT
       • Aug. 26, 2013 STAG 60 Comments
  • A Short-Term Lease REIT In A Rising Rate Market, That's CubeSmart
       • Aug. 23, 2013 CUBE 9 Comments
  • I'm Adding More SALSA To This Super-Sized Big Mac-Daddy Of REIT-Dom
       • Aug. 12, 2013 ARCP 75 Comments
  • Will American Homes 4 Rent Be A Great American REIT?
       • Aug. 7, 2013 AMH 25 Comments