Offprice retail is on sale -TJX ROST BURL
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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
Buying the STORe
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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
Tax Loss Selling/ The Most Wonderful time of the year
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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
Contemplating BlueRock Residential REIT
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Warning this is a half assed draft (moreso than all the other half assed drafts on my site). Quick and dirty -Sunbelt apartments are an incredibly hot asset. Rents are soaring and cap rates are compressing. -BlueRock (BRG), an owner of sunbelt apartments, trades at a significant discount to NAV.
Columbia Property Trust (CXP) go-private deal suggests significant upside for Kilroy
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To follow me on Twitter (more timely updates), click here [https://twitter.com/PrivateEyeCap]. By my calculations, CXP is getting done at about a 6.3% cap rate. Some of the headline #s I saw don't appear to have ascribed value to the company's development portfolio.
Altice USA- Yes 2Q net adds disappointed but...I think ATUS could triple in 3-4 years
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Quick and dirty: Since reporting 2Q results a couple weeks ago, cable broadband provider Altice USA (ATUS) shares have fallen -17% to $28 and now trade at very low valuation multiples. While 2Q net subscriber additions were modestly disappointing, as shown below, I believe the resurgence of NYC explains this
Lots to like in Kilroy's 2Q conf call
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While Kilroy shares have languished over the past few months, the business continues to make steady progress: * As previously mentioned, during 2Q, development activity commenced for Kilroy Oyster Point Phase 2 (KOP2). Life sciences vacancy in South San Francisco is very low at sub 2% and rents continue to hit
Essex Property Trust- muted 1Q; 2H21 and 2022 likely to shine
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Essex Property Trust (ESS - initial piece here [https://www.privateeyecapital.com/why-would-any-long-term-investor/] & follow up [https://www.privateeyecapital.com/tag/ess/]) posted a slightly better than expected set of results. Shares declined slightly - the market appears to be disappointed that ESS did not increase full year NOI guidance
