Dane Bowler

1 day ago | seekingalpha.com | Dane Bowler

This article will present a simple logical chain portending a significant rise in the value of shopping centers. Vacancy among existing space is minimal Incremental demand remains steadily positive Incremental demand will need to find new space Construction cost of new retail is around $300-$500 per foot Current NOI per square foot does not support $300-$500 cost to build Therefore, NOI must rise until such a point that it supports construction.

1 week ago | seekingalpha.com | Dane Bowler

On May 12th, a Reuters report revealed that Blackstone (NYSE:BX) was in talks with TXNM Energy (NYSE:TXNM). It was later confirmed on May 19th that BX had, in fact, made a buyout offer. In the all-cash deal, shareholders of TXNM are to receive $61.25 per share. It represented a 20% or so premium to the unaffected share price and remains a significant premium to the current share price, which only partially adjusted.

1 week ago | seekingalpha.com | Dane Bowler

David Madison/DigitalVision via Getty ImagesLamar Advertising (NASDAQ:LAMR) issued 2025 guidance on 2/20/25. It called for roughly 4% AFFO per share growth over 2024. S&P Global Market IntelligenceThat guidance had since been called into question as macro concerns threatened advertising spend. There were legitimate concerns that key advertisers would pull back on ad spend due to uncertainties of supply chains and consumer spending.

3 weeks ago | seekingalpha.com | Dane Bowler

Curbline Properties (NYSE:CURB) is a high-end shopping center REIT focused on small shop retail in high household income areas. It was spun off from Site Centers (SITC) in October 2024. With a couple of quarters under its belt as an independent company, we are adding it to our coverage universe at Portfolio Income Solutions. This article will discuss CURB’s: Property portfolio Leasing performance Growth prospects Valuation Risks Our overall take on the stock Let’s get to it.

3 weeks ago | seekingalpha.com | Dane Bowler

We have traded, analyzed and watched REITs every day for decades (13 years personally and over 30 years for 2nd Market Capital) and in so doing we have noticed a consistent source of mispricing: Dividend cut announcements. Specifically, dividend cuts consistently have the same reaction in the market regardless of the circumstances around them. The REIT share price plummets on the news. The source of opportunity here is that not all cuts are equally bad.