Week Ended 2/22/19

Uniti price drop As you are probably aware, Uniti dropped materially this week on news that Windstream lost its case against Aurelius.  I want to take a bit to clarify what this means for Uniti. UNIT was not directly involved in the case and there is no direct...

Week Ended 2/15/19

REITs have fully recovered with the index approaching its former highs.  At an index level, the period of opportunistic pricing has come to a close.  However, there is substantial pricing disparity within REITs that individual securities are still quite cheap.  Let us...

Week Ended 2/8/19

Earnings season often brings opportunity through a combination of price volatility and fundamental discovery.  This week’s earnings reports created fertile ground for trading and our earnings updates can be found in the portfolio analytics section of the...

Week Ended 2/1/19

Earnings and job report Simon Properties (SPG) reported earnings this morning that were roughly in-line with consensus.  It usually serves as a bellwether for other mall REITs as David Simon habitually provides industry commentary on the call.  This quarter, his...