Gunter_Nezhoda
If it looks like an office. If it's occupied like an office. Is it an office? Activist Investor and founder of Land and Buildings, Jonathan Litt, apparently thinks so.
In a recent segment on CNBC's Fast Money, Litt elaborated on
Jonathan Litt Shorts Alexandria Real Estate. Why I Think It's A Poor Trade
Summary
- Activist Investor, Jonathan Litt, is short on Alexandria Real Estate on the premise that the REIT is no different than any other traditional office operator.
- Litt presents cell phone data and builds upon the facts presented to outline the risks associated with their lease expiration schedule and the incoming supply from new construction.
- The position is noteworthy. But I view market beating profitability on it as an uphill battle.
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