Entering text into the input field will update the search result below

Hit The Buy Button And Put This REIT On Snooze Control


  • On November 1st, I reported on Omega Healthcare Investors and the angst of the skilled nursing REIT’s tenant, Orianna.
  • Then, on November 3rd, Rubicon and I wrote, “The lipstick is beginning to fade, and the silk purse has become a dog treat”.
  • I’m sure some of you are saying to yourself, “enough already".
  • I consider the pullback a buying opportunity, as Physicians Realty Trust continues to have a robust pipeline of attractive MOB acquisitions that should drive above-average growth.

Last week, REIT investors witnessed another week of volatility in both the skilled nursing and retail sectors. On November 1st, I reported on Omega Healthcare Investors (OHI) and the angst of the skilled nursing REIT’s tenant, Orianna (formerly Ark), as I wrote:

“Orianna has stopped paying rent, and the company is transitioning its assets. This means it is negotiating with Omega, and it could be either a “friendly” resolution or “not-so-friendly” resolution.

The friendly alternative means the landlord and tenant will be able to work out a new master lease, which includes a rent reduction to $32-38 million (an $8-14 million hair cut). Using my back-of-the-napkin math, and using $11 million as the rent reduction, the new “friendly” deal means Omega’s portfolio leased to Orianna is worth around $120 million less now (using a 9% Cap Rate).”

Then, on November 3rd, Rubicon Associates and I wrote:

“The lipstick is beginning to fade and the silk purse has become a dog treat.”

Of course, we were referring to CBL Properties' (CBL) dividend cut that caught most everyone off guard - shares were pounded, down over 25% at market close on Friday.

A close up of a logoDescription generated with high confidence

I’m sure some of you are saying to yourself, “enough already”, as shares of two popular REITs were whacked hard last week.

Nobody was expecting to see the sudden shift in sentiment, but when Mr. Market speaks, he usually carries a bull horn.

Today, I wanted to provide some calm to the storm, in hopes of providing REIT investors with an extremely safe alternative that won’t keep you up at night. Better said, just put this REIT on snooze control...

A person lying on a bedDescription generated with very high confidence

Just What The Doctor Ordered

I first began covering Physicians Realty Trust (NYSE:DOC) back in December 2013, just a few months after the Wisconsin-based REIT completed its IPO (issued

This article was written by

Brad Thomas profile picture
Leader of iREIT on Alpha
The #1 Service For Safe and Reliable REIT Income

Brad Thomas is the CEO of Wide Moat Research ("WMR"), a subscription-based publisher of financial information, serving over 100,000 investors around the world. WMR has a team of experienced multi-disciplined analysts covering all dividend categories, including REITs, MLPs, BDCs, and traditional C-Corps.

The WMR brands include: (1) iREIT on Alpha (Seeking Alpha), and (2) The Dividend Kings (Seeking Alpha), and (3) Wide Moat Research. He is also the editor of The Forbes Real Estate Investor

Thomas has also been featured in Barron's, Forbes Magazine, Kiplinger’s, US News & World Report, Money, NPR, Institutional Investor, GlobeStreet, CNN, Newsmax, and Fox. 

He is the #1 contributing analyst on Seeking Alpha in 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, and 2022 (based on page views) and has over 108,000 followers (on Seeking Alpha). Thomas is also the author of The Intelligent REIT Investor Guide (Wiley) and is writing a new book, REITs For Dummies. 

Thomas received a Bachelor of Science degree in Business/Economics from Presbyterian College and he is married with 5 wonderful kids. He has over 30 years of real estate investing experience and is one of the most prolific writers on Seeking Alpha. To learn more about Brad visit HERE.

Analyst’s Disclosure: I am/we are long APTS, ARI, BRX, BXMT, CCI, CHCT, CIO, CLDT, CONE, CORR, CUBE, DLR, DOC, EPR, EXR, FPI, GMRE, GPT, HASI, HTA, IRM, JCAP, KIM, LADR, LAND, LMRK, LTC, MNR, NXRT, O, OHI, OUT, PEB, PEI, PK, QTS, RHP, ROIC, SKT, SPG, STAG, STOR, STWD, TCO, UBA, UNIT, VER, VTR, WPC. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.