TCO News and Press, Taubman Centers Inc. From 01/27/21

GameStop is going through a monumental short squeeze. We think that its landlord, Macerich, is poised for a similar short squeeze. MAC offers significant upside potential but with much better downside protection. For this reason, we believe that it is your next best short squeeze ...

Real estate earnings season kicks off this week with more than 175 equity REITs, 40 equity REITs, and dozens of housing industry companies reporting earnings over the next five weeks. While missed rents and dividend cuts were the prevailing themes in the REIT sector in mid-2020, the v...

The average REIT had a negative monthly return in 7 of the 12 months of 2020, with a 3.48% total return in December. Mid cap (+4.5%) and micro cap REITs (+3.45%) outperformed in December, while small caps (+2.43%) saw smaller gains. 75% of REIT securities had a positive total retu...

Brookfield Asset Management recently made an offer to take its real estate partnership, Brookfield Property Partners L.P., private. This has ramifications far beyond investors in the partnership and U.S. REIT equivalent. Combined with the recently-renegotiated Taubman deal, we have co...

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. The Blue Wave? Democrat Raphael Warnock, a senior pastor at the historic Black church Ebenezer Baptist Church in Atlanta, has defeated Republican incumbent...

The coronavirus pandemic is turning struggling malls into new kinds of real estate. Latest? The company behind popular videogame Fortnite, Epic Games, is shelling out $95M for the Cary Towne Center mall in North Carolina, converting it into its new global headquarters. Epic plans to open the ...

RealPage slips back following announcement of acquisition by Thoma Bravo. Realpage merger arbitrage spread now at 1.73%. Merger arbitrage cash spreads advance gently during quiet year-end week. For further details see: Merger Arbitrage Analysis And Spread Performance - J...

Merger activity decreased last week with one new deal announced. The acquisition of Red Lion Hotels (RLH) by Sonesta International Hotels. Perella Weinberg Partners and FinTech Acquisition Corp. IV enter into a definitive business combination agreement. For further details s...

U.S. equity markets finished an unforgettable 2020 at record highs despite the unprecedented ongoing global pandemic, rallying back from a historic market sell-off that pushed financial markets to the absolute brink. Finishing the year with returns of 17.6%, the S&P 500 finis...

The seasonally-strongest baskets include gold and technology. The top stocks in each major sector right now. The best sectors include consumer goods, industrial goods, and financials. For further details see: The Top Stocks To Buy In The New Year