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Eric J Bokota

Multifamily REITs ALL raising guidance in 2Q....

Multifamily REITs ALL raising guidance in 2Q....
Members Public

In short, results are good...very good. AVB CPT ESS MAA and UDR all increased guidance. Rental growth remains very strong in July and renewals sent out for Aug-Oct have large rental increases. This means that 2023 will be another very good year as 2022 rental increases have a full

Eric J Bokota
Buying apartment buildings below pre-COVID prices

Buying apartment buildings below pre-COVID prices
Members Public

Back where we started nearly 2 years ago -> While rents have increased significantly and private apartment values have soared, the apartment REITs are again selling at a significant discount to the value of their assets.  A combination of interest rate and recession fears have lead to a selloff

Eric J Bokota
Other things I've done (pt. 2) - Towers

Other things I've done (pt. 2) - Towers
Members Public

Welcome to the wonderful work of economically resilient communications infrastructure assets.  During the Jan/Feb selloff I was able to purchase shares of American Tower (AMT), a global operator of cellphone towers, at a reasonably attractive price.  Cell towers house critical piece of the communications landscape and cell tower REITs

Eric J Bokota
Things I don't much like that I've nibbled on

Things I don't much like that I've nibbled on
Members Public

While 1Q22 allowed me many opportunities to buy high quality businesses at attractive prices, over the past week I've done a little bit of dumpster diving. In no particular order: KB Homes (KBH) & M/I Homes (MHO)- While I've owned many building products companies over the years, I

Eric J Bokota
Some other things I've done this Quarter (part 1)

Some other things I've done this Quarter (part 1)
Members Public

In no particular order: Significantly reduced exposure to Kilroy Realty (KRC) which I've written about repeatedly. The company continues to successfully execute life sciences development and is building NAV per share.  I continue to think this is the best of the office REIT bunch but shares appreciated closer to NAV

Eric J Bokota
$KRC
Offprice retail is on sale -TJX ROST BURL

Offprice retail is on sale -TJX ROST BURL
Members Public

First of all I apologize for the title. Seriously. I've made an investment into the three off-price retail leaders TJX, ROST, and BURL.  While many (most?) apparel retailers have been disastrous long term investments, off price retailers TJX and ROST have been structural winners/disruptors (moreso than online retailers like

Eric J Bokota
$TJX
Buying the STORe

Buying the STORe
Members Public

I've taken a position in Store Capital (STOR). I'd previously Tweeted about this position but figured I write a bit more about why I think this triple net lease REIT is an attractive opportunity for long term investors.  STOR shares have been hit as: -Co-founder/Chairman CEO Chris Volk departed

Eric J Bokota
Tax Loss Selling/ The Most Wonderful time of the year

Tax Loss Selling/ The Most Wonderful time of the year
Members Public

This is a work in progress which I'll be adding to over the next few days......Tell me if you've seen this: that stock which looked like a good deal sometime in November has continued to fall. And fall. And fall. Doesn't seem like anything has changed fundamentally. But the

Eric J Bokota