📈 #REIT Headlines -- September 19, 2024 🏢 🎯 Alliance Global Partners Initiates Global Medical REIT Inc with a Buy rating and set a $12 price target 🎯 Wells Fargo Resumes OUTFRONT Media with an Overweight rating and set a $22 price target 🎯 Wells Fargo Initiates Lamar Advertising Company with an Equalweight rating and set a $132 price target 📈 Wells Fargo Upgrades Equity LifeStyle Properties, Inc. to Overweight from Equal Weight and raised price target by $11.50 to $82 📈 Raymond James Upgrades Safehold Inc. to Outperform from Market Perform and set a $34 price target ⬇️ Morningstar Downgrades BXP, Inc. & Weyerhaeuser to Hold from Buy and maintains BXP price target at $91 and WY price target at $35 ⬇️ Morningstar Downgrades Vornado Realty Trust to Sell from Hold maintaining its $28.50 price target 💵 American Healthcare REIT Prices Upsized Public Offering 💰 17,400,000 shares at $23.55/share raising gross proceeds of $409.77 million 📈 Plans to acquire 24% interest in Trilogy Holdings & repay debt 🏢 Vornado Realty Trust Expands Medline’s Presence at THE MART 🏙️ New Agreement for 110,000 sf Expansion as lease grows from 51,000 to 161,000 sf 📅 Long-term Lease Through 2036

📅 #REIT Headlines -- August 6, 2024 🌟 🎤 Morgan Stanley resumes Realty Income Corporation with an Equalweight rating setting a $62 price target 📈 Quarterly Earnings Announcements: American Healthcare REIT, Apple Hospitality REIT, Inc., Innovative Industrial Properties, NSA Storage, Realty Income Corporation, Simon Property Group, Vornado Realty Trust 🕒 Upcoming Earnings Reports: * After the Close: Global Medical REIT Inc, Global Net Lease, Gladstone Commercial Corporation, National Health Investors, OUTFRONT Media, Postal Realty Trust, Service Properties Trust, UMH Properties, Inc. * Tomorrow Morning: Sunstone Hotel Investors, Inc. 🏢 Boston Properties (BXP) 200 Clarendon Lease Renewal: Signed a lease renewal and expansion with Bain Capital for ~378,000 sq. ft. at 200 Clarendon Street, Boston, MA 💼 Vornado Realty Trust 666 Fifth Transaction: 52% owned street retail JV to sell UNIQLO's portion of the U.S. flagship store at 666 Fifth Avenue for $350M JV will retain 23,832 sq. ft. of retail space; net proceeds will help repay $390M preferred equity 🏗️ Terreno Realty Corporation DC Acquisition: Acquired a vacant 26K sf industrial property in Washington, D.C. for ~$7.6M with a stabilized cap rate of 5.6% 🍓 Strawberry Fields REIT Tel Aviv Bonds Listing:  Issued approx. NIS 146 million (Approx. $38 million) principal amount of its new 6.97% unsecured Series A Bonds due in September 2026 whereh net proceeds of the sale of the Bonds will be used for working capital and general corporate purposes, which may include redemption of the Company's outstanding debt

📅 #REIT Headlines -- August 6, 2024 🌟 🎤 Morgan Stanley resumes Realty Income Corporation with an Equalweight rating setting a $62 price target 📈 Quarterly Earnings Announcements: American Healthcare REIT, Apple Hospitality REIT, Inc., Innovative Industrial Properties, NSA Storage, Realty Income Corporation, Simon Property Group, Vornado Realty Trust 🕒 Upcoming Earnings Reports: * After the Close: Global Medical REIT Inc, Global Net Lease, Gladstone Commercial Corporation, National Health Investors, OUTFRONT Media, Postal Realty Trust, Service Properties Trust, UMH Properties, Inc. * Tomorrow Morning: Sunstone Hotel Investors, Inc. 🏢 Boston Properties (BXP) 200 Clarendon Lease Renewal: Signed a lease renewal and expansion with Bain Capital for ~378,000 sq. ft. at 200 Clarendon Street, Boston, MA 💼 Vornado Realty Trust 666 Fifth Transaction: 52% owned street retail JV to sell UNIQLO's portion of the U.S. flagship store at 666 Fifth Avenue for $350M JV will retain 23,832 sq. ft. of retail space; net proceeds will help repay $390M preferred equity 🏗️ Terreno Realty Corporation DC Acquisition: Acquired a vacant 26K sf industrial property in Washington, D.C. for ~$7.6M with a stabilized cap rate of 5.6% 🍓 Strawberry Fields REIT Tel Aviv Bonds Listing:  Issued approx. NIS 146 million (Approx. $38 million) principal amount of its new 6.97% unsecured Series A Bonds due in September 2026 whereh net proceeds of the sale of the Bonds will be used for working capital and general corporate purposes, which may include redemption of the Company's outstanding debt

🏢 #REIT Headlines -- September 12th, 2024 📅 📉 Stifel Downgrades Simon Property Group: Rating lowered to Hold from Buy, with a new price target of $159 (up by $1.50). 🔄 Morningstar Downgrades: SBA Communications ($260) and Ventas, Inc. ($69) both downgraded to Hold from Buy. 🏢 CBL Properties Completes Property Sale: Closed on Layton Hills Convenience Center, Plaza, and nine outparcels in Layton, UT for $28.5M. Net proceeds used to reduce term loan and open-air loan balances. 🏙️ Gaming and Leisure Properties, Inc. Finalizes $250M Acquisition: Purchased land for Bally’s Chicago Casino. New lease agreement with Blue Owl Capital at $20M annual rent, 8.0% initial yield. Total investment of $1.19B with a blended yield of 8.4%. 🏥 Medical Properties Trust, Inc. Settles with Steward Health Care: Agreement restores control over real estate, ends relationship with Steward, and transitions 15 hospitals to new operators. 📅 SITE Centers Announces Spin-Off Details: Curbline Properties Corp. to become independent on October 1, 2024. SITE Centers shareholders will receive two Curbline shares for every SITE Centers share. Curbline to list on NYSE under ticker "CURB". 🌱 Summit Hotel Properties, Inc. Releases Annual Corporate Responsibility Report: Highlights commitment to sustainable investment, environmental protection, and community support. ⭐ S&P Affirms Kimco Realty Corporation Ratings: Issuer credit rating remains “BBB+” and unsecured notes at “BBB-”. Outlook revised to positive from stable.

UK: Profits Warnings Always Come in Threes 😞 🤦♂️ 😠   Summary: The recent Burberry profits warning reminded us that all is still not quite well in parts of UK corporate earnings land and that the old adage “profits warnings always come in threes” is still alive and kicking. What to do when a company has a profits warning is always the conundrum. Do investors hold on, giving management the benefit of doubt? But what happens when the second warning lands and management says “oops” and kitchen sinks the exceptionals? And then, just when you thought things were finally getting better… the third warning comes… “Taxi for CEO!”. The answer is simple, WALK AWAY. Quest® triAngle performance analysis shows that even after the first warning and subsequent share price drop the companies with the worst EPS Momentum continue to underperform the market on average by 4.8% p.a. Staying invested in companies that have profits warnings can seriously damage your wealth! In this note, we screen for companies that have warned in the last three-six months and that will potentially warn again. We identify 51 companies and highlight 18 in further detail. For more details on Quest's equities outperformance strategies please contact QUEST@CGF.COM 📨

Hoya Hotseat: UMH Properties (UMH) President & CEO Sam Landy joined the Hoya Hotseat to discuss the company's strategy, housing market fundamentals, and the benefits of the REIT structure. UMH Properties, Inc. is the third largest manufactured housing REIT, owning a portfolio of 135 manufactured home communities with approximately 25,800 developed homesites. These communities are located in eleven states: New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina and Georgia. UMH Quick Facts: IPO Date: 1985 Market Cap: $1.0B (Small-Cap) Index: Hoya Capital Housing Index Dividend Yield: 5.45% (📅 Quarterly) Debt/EV Ratio: 41% All of the interviews are available here: https://lnkd.in/drBG6Y3B David Auerbach | REIT Academy & The Executive REIT Masterclass | UMH Properties, Inc. | The Daily REIT Beat Newsletter | Nareit | #REITs #Dividends #Investing #Income #Yield #RealEstate #Housing #Stocks #Bonds #HighYield #DividendInvesting #IncomeInvesting #Diversification #Inflation #realassets #investment

Hoya Hotseat: Generation Income Properties (GIPR) Generation Income (NASDAQ: GIPR) is a micro-cap ($10.6M) Net Lease REIT that owns 26 properties across 13 states. GIPR - which went public in 2021 - focuses primarily on single-tenant retail (55% of its portfolio) and net lease office (35%). Founder & CEO David Sobelman joins the Hoya Hotseat to discuss the firm's strategy of focusing on investment-grade tenants with shorter lease terms -which lends to a capitalization rate - and the advantage of its active, hands-on approach to property management. GIPR Quick Facts: 🎂 IPO Date: 2021 📈 Market Cap: $10.6M (Micro-Cap) 💸 Dividend Yield: 11.40% (📅Monthly) 🏦 Debt/EV Ratio: 75% 💳 Credit Rating: None All of the interviews are available here: https://lnkd.in/drBG6Y3B The Daily REIT Beat Newsletter | REIT Academy & The Executive REIT Masterclass | David Auerbach | Alex Pettee, CFA | Nareit | #REITs #Dividends #Investing #Income #Yield #RealEstate #Housing #Stocks #Bonds #HighYield #DividendInvesting #IncomeInvesting #Diversification #Inflation #realassets #investment

📰 #REIT Headlines - March 20, 2024 🏢 Equity Residential Board Appointments: * EQR announces the appointment of Ann Hoff and Nina Jones to the Board of Trustees. * Ms. Hoff joins the Audit Committee, while Ms. Jones serves on both the Audit and Corporate Governance Committees. * Expanding the Board to 11 members to bolster governance and oversight. CTO Realty Growth, Inc. Sante Fe Disposition: * CTO successfully closes the sale of a mixed-use property in downtown Santa Fe, NM. * Transaction valued at approximately $20.0 million, in line with the company's disposition cash yield guidance. * Plans to utilize proceeds for acquiring a core power center in the Orlando MSA. Fitch Ratings DLR & ROIC Affirmations: * Digital Realty Long-Term Issuer Default Ratings and unsecured debt affirmed at "BBB" with a stable outlook. * Retail Opportunity Investments Corp. Long-Term Issuer Default Rating and senior unsecured debt affirmed at "BBB" with a stable outlook. AIR Communities Anschutz Medical Campus Retail Additions: * AIRC announces four new retailers to its premier apartment communities at the Anschutz Medical Campus. * New additions include Milieu Fermentation, Sable and Siren Hair Co., Spinelli’s Market, and WOW Scrubs. The Daily REIT Beat Newsletter helps you stay informed with the latest developments shaping the REIT landscape. #REIT #RealEstate #Finance 🏠📈

📊 #REIT Market Insights - December 11, 2023 🏢💼 1. Evercore ISI's Adjustment for CUBE: 📉 Evercore ISI downgrades CubeSmart to Inline from Outperform raising its price target by $1 to $43. 2. Other Evercore ISI Ratings Adjustments: 🔄 Evercore ISI downgrades NSA Storage ($35) and Vornado Realty Trust ($28) to Underperform from Inline. 3. Mizuho's Upgrades: 📈 Mizuho strategically upgrades Net Lease REITs NETSTREIT Corp. (NYSE: NTST) ($18) and Realty Income Corporation ($58) to Buy from Neutral. 4. Mizuho's Downgrades: 📉 Mizuho downgrades Agree Realty Corporation ($61), Equity Residential ($58), and Gaming and Leisure Properties, Inc. ($47) to Neutral from Buy. 5. PRET's Comprehensive Reorganization Announcement: 💼 PREIT announces a robust reorganization strategy to fortify its balance sheet, reduce total indebtedness by approximately $880 million, and extend its maturity runway. Funding commitments of approximately $135 million secured from leading investors, signaling a pivotal step towards a recapitalized PREIT. A voluntary Chapter 11 filing in the United States Bankruptcy Court for the District of Delaware initiates the implementation of its Prepackaged Plan. 6. WSR Lawsuit Update: 💼 Whitestone REIT announced that on Friday, December 8, 2023, the District Court in Harris County, Texas dismissed all claims made by former Whitestone CEO, James C. Mastandrea, against the Company and members of the Board of Trustees and management related to the termination of his employment 6. Fitch Ratings' Positive Outlook for HST: 📈 On Friday, Fitch Ratings upgrades the Long-Term Issuer Default Rating for Host Hotels & Resorts and its limited partnership to “BBB” from “BBB-“ with a stable outlook. Elevate your understanding of the REIT market with nuanced insights from www.thedailyreitbeat.com! 📰🌐 #REITs #RealEstateNews #ProfessionalInsights 📈🏡

Hoya Hotseat: Agree Realty (ADC) President & CEO Joey Agree joined the Hoya Hotseat to discuss the company's backstory and its current acquisition-focused strategy. Agree Realty Corporation (ADC) is the fourth-largest Net Lease REIT which owns and operates a portfolio of 2,084 properties across 49 states. $ADC is a Mid-Cap REIT that pays a dividend yield of 4.8%. In our new research series - "Hoya Hot Seat" - we interview top executives from across the REIT and real estate industry. Executives are asked five rapid-fire questions - each limited to 60 seconds- in a "Shark Tank" inspired format, concluding with their pitch on why investors should invest in their REIT. The fast-paced format is designed to educate investors on many of the 200+ publicly-listed U.S. real estate companies - especially many of the under-covered small-cap and mid-cap REITs. All of the interviews are available here: https://lnkd.in/ewhdGsWf The Daily REIT Beat Newsletter | REIT Academy & The Executive REIT Masterclass | David Auerbach | Seeking Alpha | #REITs #Dividends #Investing #Income #Yield #RealEstate