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Mall real estate investment trusts ('Mall REITs') are trading at valuations that seem to forecast imminent death. In this article, I will explain how I go about determining whether to buy the cheapest of the bunch or the best of the bunch. Simon Property Group ( SPG ) is my highest conviction ...
Simon Property Group ( SPG ) is a global leader in premier shopping, dining, entertainment and mixed-use destinations. SPG is an S&P 100 company and one of the largest REITs in the world, with an equity market capitalization of ~$50bn. In comparison, all other US-listed mall REITs have an ...
The demolition of the former Sears department store commenced and is to be replaced by DeBartolo Commons which includes an athletic and entertainment green space and event venue Adjacent to DeBartolo Commons, Southern Park Mall will feature a new entertainment hub with plans to include an...
Co-produced with Beyond Saving and PendragonY Introduction It has been an interesting August, to put it mildly. Data by YCharts After the Federal Reserve cut the target rates by 25 bps, the general market has had several rough days. Heavily influenced by uncertai...
The retail sector is being hit by the so-called " retail apocalypse ," as online sales gain ground and physical-store sales languish. Real estate investment trust (REIT) Washington Prime Group (NYSE: WPG) owns enclosed malls, which are facing the biggest threat. Given the stock's 30% divi...
Washington Prime Group ( WPG ) is a retail REIT that owns Open Air Properties and Enclosed Retail Properties. The Open Air Properties (think strip centers) have proven resilient, withstanding the so-called 'retail apocalypse' (for example, Open Air Properties ended Q2 2019 with occupancy of 94...
Co-produced with Samuel Smith Value investing in traditional stocks is very different from investing on a value basis in stocks backed by real assets. In short, many undervalued real asset firms have a unique opportunity to exploit the fairly easy liquidity of their underlying assets in ...
Ulta Beauty (NASDAQ: ULTA ) -25% on Q2 earnings . More news on: Ulta Beauty, Inc., American Outdoor Brands Corporation, Alexion Pharmaceuticals, Inc., Stocks on the move, Read more ...
So says comedian Josh Sneed with his characteristic deadpan tone. Considering the everyday topics he takes to task, that affect (or lack thereof) works well. If you look up “ Weird People at Garage Sales – Josh Sneed ” on YouTube, you’ll find a pretty hilarious ...
A few hours ago I received breaking news alerts on my phone. Bloomberg: "Forever 21 Prepares for Potential Bankruptcy Filing" CNBC: "Apparel retailer Forever 21 weighs bankruptcy filing" The list goes on. Back in June, the WSJ reported: "Forever 21 Seeks Restructuring Advice to A...
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Washington Prime Group Inc. (NYSE: WPG) today announced its intention to voluntarily delist from the New York Stock Exchange (the “NYSE”) its shares of common stock (the “Common Stock”), 7.5% Series H Cumulative Redeemable Preferred Stock (the “Series ...
Washington Prime Group Inc. (NYSE: WPG) today announced that Landmark Theatres will become the premier movie theatre operator at Scottsdale Quarter® (“The Quarter”), an open-air lifestyle center and mixed-use property located in Scottsdale, Arizona. The addition of La...