Serious investment thinking that doesn’t take itself too seriously.
The capital allocators examine trends in the sector
My bank – a global behemoth with Asian origins – refused to honour my transaction. This was despite multiple attempts, and an agent on the telephone telling me everything was okay at their end. The six-hour round trip to view, test drive, negotiate, and buy a car had failed because my bank would...
The dividend has continued to increase without interruption, up from 65c to 70c. That’s 11 years of increase, and compares with 5.966c in 2006. Funds from operations (FFO) in the...
Beware of hasty and alarmist predictions. This crisis does not call into question the sector’s fundamentals and key trends. The current period is however a good opportunity for a...
FTSE ST REIT Index has little changes from 837.43 to 835.40 (-0.35%) on the month update.REIT Index has rebounded c43% as of July 12 from the bottom on Mar 23,...
Source: FactSet, data to 31 July 2020. Download the data set The US internet shares have been roaring ahead, particularly in recent months. The coronavirus crisis has...
WACC is an acronym that stands for “weighted average cost of capital” and this is one of the most important metrics we use in the REIT sector. The WACC is similar to the required...
After a roller coaster first half of 2020, now seems like a good time to review the CAPE ratio for the FTSE 100, FTSE 250 and, for US-focused investors, the S&P 500. FTSE 100...
In the past 18 years, after a series of spectacular and occasionally failed rocket launches, Elon Musk’s SpaceX has emerged as Silicon Valley’s next colossus, a once in a...
It is not news that the coronavirus has changed the real estate industry, in some cases irrevocably. The move towards home working has raised some questions over how offices will...
FTSE ST REIT Index up 823.64 to 837.43 (+1.67%) on the month update.REIT Index has rebounded c43% as of July 12 from the bottom on Mar 23, 2020.Yield spread (reference...