Rubicon Associates

Reits, special situations, bonds, preferred stock
Rubicon Associates
REITs, special situations, bonds, Preferred Stock
Contributor since: 2009
Company: Rubicon Associates LLC
Tue, 4:26 PM
Rubicon Associates
$RWT exiting CMBS loan origination
Tue, 3:57 PM
Rubicon Associates
$NRF down 17% to $8.61. Preferreds are getting pounded too.
Tue, 10:37 AM
Rubicon Associates
For those keeping score at home: $NRF dividend yield is 32% as it bounces of fresh new lows.
Tue, 10:13 AM
Rubicon Associates
$NRF cut to market perform at KBW, target $13. 39% upside is market perform?
Mon, 10:10 AM
Rubicon Associates
$BRX down 20%. The new $VER?
Mon, 9:28 AM
Rubicon Associates
$BRX - Brixmor Property CEO, CFO Resign. NOI smoothing back to 2013.
Mon, 9:33 AM
Wow. Another ARCP? or worse?
Mon, 10:22 AM
Dates back to the IPO from BX. Don't know about the effects on them.
Mon, 8:30 AM
Rubicon Associates
$BRX - former DDR Corp. CEO Daniel Hurwitz interim CEO. S&P may cut to junk. http://bit.ly/1W6mgDy
Jan 28, 8:44 AM
Rubicon Associates
$SWAY - Colony Starwood expands buyback authorization by $100m to $250m. Intends to propose yr div. boost to 88c/shr,
Jan 28, 8:18 AM
Rubicon Associates
$CORR Stifel downgraded CorEnergy Infrastructure Trust from Buy to Hold.
Jan 15, 9:59 AM
Rubicon Associates
$RPAI rated outperform at Credit Suisse, $EDR raised to neutral at UBS.
Jan 15, 9:55 AM
Rubicon Associates
mREITS getting cut at Wells. $MFA, $NLY, $HTS, $MTGE, $MITTnd $TWO. Getting smoked, down 2-3%.
Jan 14, 9:02 AM
Rubicon Associates
$BUD priced $46B - 2nd largest deal ever.
Jan 13, 1:23 PM
Rubicon Associates
$BUD - $100B order book on their bonds, could price $50MM.
Jan 11, 2:35 PM
Rubicon Associates
CORRPrA $CORR yields 11% (stripped yield) at $17. Buyer of the name.Equity at 18%.
Jan 11, 2:38 PM
Bigger risk IMO?
Jan 5, 11:11 AM
Rubicon Associates
Rumors circulating that $CHSP may be on the block. Shares up 8%
12/11/15
Rubicon Associates
12/4/15
Rubicon Associates
$AHH issuing 3mm shares to pay down revolver.
12/3/15
Rubicon Associates
$AHM $ARPI merger after $SFR colony shows SFR needs scale.$SBY needs a dance partner. This asset class just hasn't worked.
11/4/15
Rubicon Associates
$F (Motor Credit) selling bench 5y and 10yr tap. +170 and +185 talk. Deals coming tighter than talk though. Existing 8/25s trade +170.
10/29/15
Rubicon Associates
$MSFT does $10B across the curve. $1.75b 3y +30, $2.25b 5y +50, $1b 7y +75, $3b 10y +95, $1b 20y +125, $3b 30y +150, $1b 40y +180
10/29/15
Rubicon Associates
Dr Pepper Snapple to Sell $750m 10y, 30y Debt; initial thoughts +150, +180 - probably come tighter - everything has.
10/29/15
Rubicon Associates
$CLF beats on NI and Revs, misses on continuing ops. Still think $CLV is the way to play it. http://seekingalpha.com/a/1zw5r
10/29/15
Rubicon Associates
$MGM to put 10 of its properties, including than 24,000 hotel rooms into a REIT, and the REIT will assume approximately $4 billion of debt
10/29/15
Rubicon Associates
$MSFT to Sell $Bench 3Y, 5Y, 7Y, 10Y, 20Y, 30Y, 40y Debt. Initial thoughts: 3y +45, 5Y +65, 7Y +85, 10Y +105, 20Y +135, 30y +160, 40y +190
10/29/15
Rubicon Associates
$O cut to sell from neutral at UBS PT $46
10/27/15
Rubicon Associates
$TOL doing $350mm 10yr notes, price talk is 5%ish. 5.625% '24 trade +270ish.
10/27/15
Rubicon Associates
$LB looking to issue 20yr senior notes. '23s trade +240/cv. Special divvie in the works????
10/26/15
Rubicon Associates
Nov 12 '15 bills at 10bps says debt ceiling is a non-issue. Carry on.
10/26/15
Rubicon Associates
$NKE 30yr bonds px at +107. Gonna come back to bite ya. File it under "duration hogs will get slaughtered"
10/26/15
Rubicon Associates
$KIM redeeming its 6.90% Class H preferred - KIMPrH
10/26/15
Rubicon Associates
Bridgestone Americas to buy Pep Boys - Manny, Moe & Jack for $15/shr in cash, or ~$835m equity value. $PBY up 24%
10/26/15
Pep Boys has some real estate too :)
10/26/15
Rubicon Associates
$DUK acquiring $PNY for $4.9B in cash. Consolidation continues. Decent acquisition.
10/26/15
Will PNY share owners get DUK shares in the deal?