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Dane Bowler  

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  • DiamondRock Hospitality: A Simple Story Of Strength [View article]
    papaone,

    RevPAR is Revenue Per Available Room. Its calculated by multiplying average daily rate with occupancy.
    Jul 27, 2015. 11:18 AM | Likes Like |Link to Comment
  • DiamondRock Hospitality: A Simple Story Of Strength [View article]
    Those are the 3 that I am long. With LHO's report coming out with the low RevPAR it has given a nice dip in DRH so it may be a good opportunity.
    Jul 24, 2015. 11:55 AM | 2 Likes Like |Link to Comment
  • CorEnergy Executes The Most Accretive REIT Transaction Of 2015 [View article]
    REITs in general are taking a beating today. CORR actually beat REITs by a fair amount
    Jul 23, 2015. 04:21 PM | 1 Like Like |Link to Comment
  • Projecting CorEnergy's Future Dividend Increases In Light Of Their Recent Transaction [View article]
    Good info, thanks for sharing
    Jul 17, 2015. 03:45 PM | 2 Likes Like |Link to Comment
  • REIT Preferred Arbitrage With RAIT Financial [View article]
    Looks like the gap closed faster than I anticipated. RAS-B is already up to $22.70 from $22.22
    Jul 16, 2015. 03:41 PM | Likes Like |Link to Comment
  • CorEnergy Executes The Most Accretive REIT Transaction Of 2015 [View article]
    alschroed,

    CORR is not the same company it was then. The period you are referring to they were a BDC not a REIT. Their assets were securities, not real property.

    Any history of CORR before december of 2012 is basically irrelevant.
    Jul 15, 2015. 01:41 PM | 3 Likes Like |Link to Comment
  • CorEnergy Executes The Most Accretive REIT Transaction Of 2015 [View article]
    James,

    Good question,

    In connection with the purchase, CORR assumed a liability of around $11mm which I believe is the extent of their liability.

    The GIGS as an asset has very little potential to cause pollution in the way the BP accident did a few years back and heres why.

    It is not a well, just a pipeline. No oil comes from it. oil only flows through it. Thus, if the structural integrity of the GIGS is damaged to the point of leaking, they can just close off the entry valve and no more oil will flow into it, thereby limiting the volume of the leak.

    With the major oil spills, such as the BP one, there is a problem with the well itself such that oil can leak from the drill site directly into the ocean. In these cases the spill is unlimited in volume up to the point of the amount of reserves in the ground (which is massive) until the hole or whatever the nature of the leak is plugged.

    As far as I know, CORR's liability is limited to the amount they already carry on their balance sheet.
    Jul 15, 2015. 12:38 PM | 1 Like Like |Link to Comment
  • CorEnergy Executes The Most Accretive REIT Transaction Of 2015 [View article]
    Alan,

    I hope I didn't present it as a crystal ball projection. There is no certainty in investment.

    The price target was merely my best estimate as to its intrinsic value.

    Thanks for reading,
    Jul 15, 2015. 10:15 AM | 2 Likes Like |Link to Comment
  • CorEnergy Executes The Most Accretive REIT Transaction Of 2015 [View article]
    1628,

    It would depend on the schedule of depreciation. I spoke with management about this issue and they seem to be underwriting the depreciation quickly by doing it all within the initial lease term. They said the dividend is covered even if you count depreciation of this asset as a real expense.
    Jul 15, 2015. 10:11 AM | Likes Like |Link to Comment
  • CorEnergy Executes The Most Accretive REIT Transaction Of 2015 [View article]
    Steve,

    Thank you for clarifying the way things work in bankruptcy and grats on the excellent entry point at $6.07
    Jul 15, 2015. 10:08 AM | Likes Like |Link to Comment
  • The REIT Bloodbath: Game Plan For 2nd Half [View article]
    Darren,

    I echo most of your thoughts and am presently working on a CORR focused article. Expect to see it up on SA later this week.
    Jul 9, 2015. 05:16 PM | Likes Like |Link to Comment
  • The REIT Bloodbath: Game Plan For 2nd Half [View article]
    berloe,

    CORR has a triple-net lease with EXXI, meaning Energy 21 will operate and maintain the property while CORR just collects rent. Regarding the accretion, I did factor in the dilutive cost of equity on the sharecount
    Jul 7, 2015. 02:30 PM | Likes Like |Link to Comment
  • The REIT Bloodbath: Game Plan For 2nd Half [View article]
    berloe,

    NAV is typically calculated by applying a cap rate to properly level NOI
    Jul 7, 2015. 12:36 PM | 1 Like Like |Link to Comment
  • The REIT Bloodbath: Game Plan For 2nd Half [View article]
    Grisly Atoms,

    Lets take a chill pill on the condescending tone. I'm fully aware of the great depression and financial crisis and the various other large drops in history.

    The reason this pullback in REITs qualifies as getting crushed is because it is in complete absence of any fundamental troubles whereas the bigger drops u mentioned were periods of fundamental strife, thus warranting larger drops. It is not the price action we need to look at, but rather how the price relates to intrinsic value.
    Jul 7, 2015. 11:03 AM | 7 Likes Like |Link to Comment
  • The REIT Bloodbath: Game Plan For 2nd Half [View article]
    Steve,

    Thank you for the kind comment. Lets hope we are right
    Jul 7, 2015. 10:10 AM | Likes Like |Link to Comment
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