Simon Property Group and Amazon in Talks on Fulfillment Centers
Simon Property Group, the biggest mall owner, is in talks with Amazon to transform some empty spaces into Amazon fulfillment centers.
Real Estate
The place for all the latest analysis and news about real estate stocks, including REITs and other real estate investments.
Caesars Entertainment’s New Corporate Structure and Governance
On December 22, 2014, CZR and Caesars Acquisition Company (CACQ) entered into a definitive agreement to merge in an all-stock transaction.
A Quick Guide To The Bifurcation Of Caesars’s Operating Leases
The initial term of each lease will be for 15 years with four five-year renewals. CZR will guarantee payments and performance of the OpCo’s obligations.
Las Vegas Sands’ adjusted property earnings double in Singapore
Las Vegas Sands’ adjusted property EBITDA at Marina Bay Sands in Singapore doubled, reaching a property record of $518.5 million, up ~100% year-over-year.
Hotel occupancy is way up at Wynn Macau and Wynn Las Vegas
WYNN’s hotel occupancy increased at Macau and Las Vegas in 4Q14. Macau had 98.6% and Las Vegas had 82.1% compared to 96.7% and 80.8%, respectively, in 4Q13.
Why The Casino Business Is Affected By Inflation
When inflation is low, consumers have greater purchasing power. They have a higher spending capacity. Greater purchasing power is a positive sign for casino resort companies.
Wynn Resorts: A revenue breakdown
Wynn Resorts (WYNN) earns its revenues through casinos, hotels, food and beverages, and entertainment and retail operations.
Recent developments for Wynn Resorts
Wynn Resorts (WYNN) is currently constructing Wynn Palace, a fully integrated resort in the Cotai area of Macau.
Caesars plans to restructure its largest operating unit as a REIT
REITs generate income by collecting rent and pay out at least 90% of taxable income in the form of dividends to shareholders. By converting CEOC into a REIT, the beneficial holders of CEOC’s senior secured credit facilities would receive a 100% recovery in cash and debt.Consumer Must-know: Penn National Gaming’s performance metrics
Performance metric Penn National Gaming, Inc. (PENN) defines adjusted EBITDA as earnings before interest, taxes, stock compensation, debt-extinguishment charges, impairment charges, insurance recoveries and deductible charges, depreciation and amortization, gain or loss on disposal of assets, and other income or expenses. Adjusted EBITDAR is adjusted EBITDA excluding rent expenses such as those associated with PENN’s […]Consumer Why tight bidding for bonds favored issuers and refinancing
Most of the deals last week were in the tight ends of the talk, indicating higher demand for high yield bonds (JNK). The higher demand in turn pushes yields down.
Why Melco Crown Is Profitable In The Casino Space
MPEL derives ~94% of revenues from casino operations. Its casino business gross margin is 50% for the trailing 12-month period ending September 30, 2014.
Six Flags Entertainment: An overview of the largest theme park
Six Flags Entertainment Corp. (SIX) is the world’s largest regional theme park company with $1.1 billion in revenue and 18 parks across North America.
A brief overview of Six Flags’ management
Six Flags’ management plays a vital role in shaping the company and leading it in the desired direction. This article reviews three management positions.
Why Casinos Rely On Disposable Income
On a year-over-year basis, real disposable income increased 2.9%. More disposable income boosts consumer buying power.
An important overview of Las Vegas Sands, a casino company giant
An overview of Las Vegas Sands (LVS) shows that the company currently owns 70.1% of Sands China Ltd., which operates LVS’s four Macao properties.
Charlotte’s Web: What to Expect from Q3 Earnings
Charlotte’s Web Holdings (CWEB) (CWBHF) will report third-quarter earnings before the market opens on November 13. Let’s look at analysts’ expectations.
Marijuana in Wisconsin: Five Things You Need to Know
On October 30, Wisconsin lawmakers introduced a bill to decriminalize marijuana possession. Here are five things to know about Wisconsin and legalization.
WeWork Value: Fidelity Says -35%, Ackman Says Zilch
The topic of WeWork’s valuation is back in the news again after talk of Fidelity Contrafund cutting its investment and Bill Ackman criticizing the company.
After Google Drops WeWork, SoftBank Comes to Its Rescue
Google (GOOGL) discussed renting office space from WeWork but abandoned the talks. Instead, it inked a deal with WeWork competitor IWG in Toronto.
Cannabis Stocks Rise: CURLF, IIPR, ACB, WEED
After closing in the red yesterday, the US equity market was trading marginally higher today. The cannabis sector is also up—and here’s why.
KB Home SVP Talks Smart Homes of the Future
In this interview, KB Home SVP Dan Bridleman discusses the smart home of tomorrow and how the company is making homes the center of a smart ecosystem.
Microsoft’s Lease with WeWork: A Positive Sign?
In the Seattle area, WeWork at Capitol Hill has a new client—Microsoft (MSFT). The total cost of MSFT’s lease with WeWork is $3 million.
Cannabis Legalization: Did President Trump Drop a Hint?
Cannabis legalization is a hot topic. With the sudden boom in the cannabis industry, legalization at the national level is vital.
Canopy Growth Earnings Impacted the Cannabis Sector
Canopy Growth’s weak results weighed on the entire cannabis sector. Most of the cannabis stocks were in the red on Thursday.
MedMen Reports Its Preliminary Revenue for Q4
Today, MedMen Enterprises (MMEN) (MMNFF) reported its unaudited revenue for the fourth quarter of fiscal 2019.
How Building Permits and the Housing Market Can Predict Trends
When real estate developers or REITs like AvalonBay (AVB) are confident about the economy, they build more in anticipation of future demand from consumers.
Bill Ackman Thanks Warren Buffett for His Fund’s Comeback in 2019
Bill Ackman has made a huge comeback in 2019.
Equinix Trades at a Premium Valuation against Its Peers
Equinix (EQIX) has a TTM price-to-AFFO ratio of 20.2x.
Equinix’s Latest Performance and Future Projections
Equinix’s (EQIX) revenue rose at a four-year CAGR (compound annual growth rate) of 19% to $4.4 billion in 2017.
What American Tower’s Global Expansion Strategy Indicates
American Tower’s (AMT) global expansion strategy, which includes acquisitions and joint ventures in several countries (mainly in developing nations), is likely to continue supporting its top line.
American Tower Is Trading at High Multiples amid Global Expansion
American Tower (AMT) is currently trading at a trailing-12-month price-to-FFO ratio of 20.2x.
A Look into Crown Castle’s Business Model
Major customers Crown Castle’s (CCI) customer base comprises wireless carriers operating in national networks and carriers renting small cell networks, including those of healthcare, education, and government organizations. Crown Castle’s key strategy is to acquire large tower clusters and leverage its relationships with carriers in US markets. Of its fiscal 2017 revenue, it derived 22% from AT&T (T), […]
How Equinix Rewards Its Shareholders
Equinix (EQIX) announced a dividend of $2.00 per share for 3Q17, leading to a total of $8.00 for 2017 and up from $7.00 in 2016.
What’s the Outlook for Extra Space Storage?
Extra Space Storage’s (EXR) revenue grew 27% and 13% in 2016 and 9M17, respectively.
Analysts’ Views of American Tower
As of January 2018, 21 of the 22 analysts covering American Tower stock have given it a “buy” or “strong buy” rating. The remaining analyst gave it a “hold” rating.
American Tower’s Disciplined Capital Allocation
American Tower (AMT) deployed $600 million of capital in 3Q17, bringing its year-to-date amount to $3.6 billion.
A Look at American Tower’s Well-Built Balance Sheet
During 3Q17, American Tower (AMT) strengthened its revenues on higher organic growth in domestic and international markets such as India and Mexico.
American Tower’s Strong Hold in the International Market
Mexico is one of American Tower’s (AMT) vital international markets. AMT has entered into an agreement to acquire certain telecommunication assets in Mexico.
These Factors Are Helping American Tower’s Growth
Data usage is increasing in international markets due to smartphone penetration.
American Tower Riding High with Strong Organic Growth
American Tower (AMT) has increased its 2017 revenue outlook to $6.55 billion from $6.53 billion, an addition of $15 million and a 0.2% increase.
What Do Wall Street Analysts Think of Equity Residential?
Analysts gave EQR a mean price target of $69.08, implying a ~8.3% rise from its current level of $63.77.
Existing Home Sales: Strongest Pace in 11 Years
According to the latest report from NAR, existing home sales rose 5.6% to a seasonally adjusted annual rate of 5.81 million homes in November.
Why Amazon Is Partnering with Equinix
Amazon’s (AMZN) cloud services unit, Amazon Web Services (or AWS), and Equinix (EQIX) have strengthened their partnership.
Households Think It’s a Good Time to Buy a Home
According to the latest report from NAR, existing home sales have risen 2% to a seasonally adjusted annual rate of 5.48 million in October.
Why Prologis Has a Downward Sloping Dividend Yield Curve
Prologis has noted a 15.0% rise in revenue in the first half of 2017, driven by every segment. Operating income rose 61.0% despite higher expenses.
Host Hotels & Resorts’ Dividend Yield over the Years
Revenue and earnings Host Hotels & Resorts (HST), a hotel REIT, is involved in the possession and operation of US hotel properties. The company’s revenue was almost flat in 2015 and 2016, driven by rooms and food and beverages. Its operating costs and expenses rose 1%–2% in 2015 and 2016., while its interest expenses fell 32% […]
Why HCP’s Dividend Yield Is Moving South
Revenue and earnings HCP (HCP) is a healthcare REIT specializing in US healthcare property investment. In 2016, the company’s revenue growth slowed to 10% from 19% in 2015. The growth was driven by its senior housing operating portfolio, life science segment, and medical office segment, and partially offset by its senior housing triple-net segment. Rental and […]
How Public Storage’s Dividend Yield Compares
Revenue and earnings Public Storage (PSA) an industrial REIT, invests in US and European real estate markets. Tthe company’s revenue grew 9% and 8% in 2015 and 2016, respectively. The growth was driven by self-storage facilities and ancillary operations. Its operating costs rose 2%–3% in 2015 and 2016, and its operating income rose 17% in 2015 […]
A Look at Regency Centers’ Dividend Yield
Revenue and earnings Retail REIT Regency Centers (REG) saw its revenue grow 8% in 2016, compared with 6% in 2015. The growth was driven by minimum rent, recoveries from tenants, and other income. Its operating expenses rose 10% in 2016, and 3% in 2015. Its interest expenses fell 12% in 2016 and 6% in 2015. Its […]