Erratic Market Behavior Paves The Way For Outperformance [View article]
OHI and AVIV were both approaching full valuation before the drop. They have become decent opportunities, but not to the degree of the ones listed in the article.
For investors looking for an opportunity to get into the SNF REITs, these are worth considering.
A Sustainable And Growing 8% Yield Is Driving NorthStar Realty Finance's Outperformance [View article]
Illuminati,
The things you are saying are true of Agency mREITs, but I don't know that they apply to commercial mREITS like NRF. Interest rates do still have an effect, but it may not be negative.
A Sustainable And Growing 8% Yield Is Driving NorthStar Realty Finance's Outperformance [View article]
Holthusen,
I have read that article and strongly disagree with it. He seems to be suggesting that the CDO repurchase at pennies on the dollar which has been massively accretive to shareholders was somehow underhanded or unethical. In my opinion, the primary job of public companies is to make money for their shareholders so opportunistic deals are very ethical.
He also suggests that NRF has "aggressive accounting" and applies negative and perhaps unethical connotations.
This too is wrong. The accounting used by NRF is standard and accurate. It is simply difficult to understand. NRF is a very complex company and as such necessarily has difficult accounting.
Essentially what I got out of his article was that he was confusing the difficulty of understanding NRF with it being a bad investment. I have no authority to state that he was wrong, this is merely my opinion.
A Sustainable And Growing 8% Yield Is Driving NorthStar Realty Finance's Outperformance [View article]
Texas,
That is a fair question. I believe much of it has to do with the timing of acquisitions and money raising efforts. While the costs are absorbed upfront, (therefore directly affecting the Q1 earnings) the profits from the acquisitions did not fully kick in for the first quarter. Therefore first quarter earnings reflected less revenue than should be reflected going forward.
I hope this helps to clarify and thank you for providing me the opportunity to clear this up.
Erratic Market Behavior Paves The Way For Outperformance [View article]
For investors looking for an opportunity to get into the SNF REITs, these are worth considering.
RAIT Financial: Misunderstood And Undervalued [View article]
RAIT Financial: Misunderstood And Undervalued [View article]
Thank you for the feedback and I appreciate your rational view on Tabernas.
A Sustainable And Growing 8% Yield Is Driving NorthStar Realty Finance's Outperformance [View article]
The things you are saying are true of Agency mREITs, but I don't know that they apply to commercial mREITS like NRF. Interest rates do still have an effect, but it may not be negative.
A Sustainable And Growing 8% Yield Is Driving NorthStar Realty Finance's Outperformance [View article]
You present an interesting way of acquiring NRF. I'm not particularly well versed in options plays, but it appears to be a viable choice.
Good luck, and thanks for sharing
A Sustainable And Growing 8% Yield Is Driving NorthStar Realty Finance's Outperformance [View article]
It is nice to have my work appreciated. Thank you
A Sustainable And Growing 8% Yield Is Driving NorthStar Realty Finance's Outperformance [View article]
I have read that article and strongly disagree with it. He seems to be suggesting that the CDO repurchase at pennies on the dollar which has been massively accretive to shareholders was somehow underhanded or unethical. In my opinion, the primary job of public companies is to make money for their shareholders so opportunistic deals are very ethical.
He also suggests that NRF has "aggressive accounting" and applies negative and perhaps unethical connotations.
This too is wrong. The accounting used by NRF is standard and accurate. It is simply difficult to understand. NRF is a very complex company and as such necessarily has difficult accounting.
Essentially what I got out of his article was that he was confusing the difficulty of understanding NRF with it being a bad investment. I have no authority to state that he was wrong, this is merely my opinion.
A Sustainable And Growing 8% Yield Is Driving NorthStar Realty Finance's Outperformance [View article]
That is a fair question. I believe much of it has to do with the timing of acquisitions and money raising efforts. While the costs are absorbed upfront, (therefore directly affecting the Q1 earnings) the profits from the acquisitions did not fully kick in for the first quarter. Therefore first quarter earnings reflected less revenue than should be reflected going forward.
I hope this helps to clarify and thank you for providing me the opportunity to clear this up.
A Sustainable And Growing 8% Yield Is Driving NorthStar Realty Finance's Outperformance [View article]
A Sustainable And Growing 8% Yield Is Driving NorthStar Realty Finance's Outperformance [View article]
I do not know MFA well enough to answer that question definitively, but I do like NRF.
Examining The Dividend History Of Legacy Commercial Mortgage REITs In Times Of Crisis [View article]
http://seekingalpha.co...
A Sustainable And Growing 8% Yield Is Driving NorthStar Realty Finance's Outperformance [View article]
NRF is typically classified as a commercial mREIT, but I agree with you that it is more of a hybrid than an mREIT pure play.
Raising A Yellow Flag Over REIT Valuation [View article]
A Sustainable And Growing 8% Yield Is Driving NorthStar Realty Finance's Outperformance [View article]
"NRF was the only one to pay a dividend through the entirety of the Great Recession"
I was mistaken. RSO also paid dividends over this time period.
Examining The Dividend History Of Legacy Commercial Mortgage REITs In Times Of Crisis [View article]