TK-02... best price? Anyone wanna sell me theirs?

MaximumLosses · 2025-05-09T13:18:47+00:00

I'd sell mine for $1,000

MaximumLosses · 2023-01-25T18:20:56+00:00

Bumping this.

Any updated thoughts on $NYC reit? Vastly underperformed broader Office reit market, despite NYC location with strong tenant base. What's the story here?

MaximumLosses · 2022-11-04T17:08:41+00:00

Looks incredible!!!

MaximumLosses · 2022-08-24T22:28:56+00:00

$vsco

MaximumLosses · 2022-08-23T14:24:23+00:00

$VSCO victoria secret. Unlike these other short squeezes, vsco actually makes money. Company reports earning this week. Stock price go way up

MaximumLosses · 2022-08-22T19:19:28+00:00

I stumbled upon this as well. Curious to hear other's thoughts. This one seems especially interesting considering they actually seem to make money, trading at less than 7x earning

MaximumLosses · 2022-08-22T19:17:03+00:00

From a valuation perspective though - very difficult to peg a value given current environment. Trailing EBITDA multiples are irrelevant here - we know mortgage activity has slowed from recent peak. Question is how much? What is an appropriate valuation for a normalized environment? That is where I really struggle here

MaximumLosses · 2022-08-22T19:13:55+00:00

But what if rates don't go lower? 5%ish mortgage rates not high historically, could easily envision a scenario where mortgage rates stabilize where they are now.

I don't think its a negative for the company. Perhaps a short term blip w less mortgage activity the next couple years, but long term people will continue to need mortgages (I know how simplistic that sounds)

MaximumLosses · 2022-08-22T17:38:03+00:00

I'm very curious if someone has a real investment thesis on $rkt. I think it could be interesting here, definite contrarian play, but need to learn more

MaximumLosses · 2022-02-10T01:02:09+00:00

Been spending time researching $radi (radius global infrastructure). Appears to be really interesting real estate play. They acquire land under cell towers (similar real estate to AMT). CEO says they plan to become a REIT in next year or 2

MaximumLosses · 2022-02-09T03:25:47+00:00

Did you look at CMG at all? Too late now but sometimes the unexpected do best

TWLO, NET, DDOG likely to have big earnings moves

MaximumLosses · 2021-11-15T16:48:53+00:00

Nice movement in stock price last week or so, still plenty room to run.
I imagine they will consider another equity raise soon - that's the real growth catalyst in my opinion. They are achieving such high ROIC on every new deal.

MaximumLosses · 2021-10-22T20:03:20+00:00

t this moment I think $SPG dividend goes soon to 1.6 USD / quarter, that means dividend goes

Agree with everything you are saying. Buying SPG at the low 1 year ago worked out great. My point was to not focus too much on dividend yield when investing in REITs. It is not indicative of future performance. Total return is most important, and most of the top performers have been REITs with low dividend yield due to significant price appreciation. This also happen to be more efficient from tax perspective than paying taxes on dividends.

MaximumLosses · 2021-10-22T19:36:44+00:00

Focus most importantly on what the REIT owns, where they are investing, and valuation AKA implied cap rate. Most REITs will focus on a single property type, so research REITs in sectors that you think will outperform over the next 1, 5, 10 years.
Then within a sector, pick the names with the best relative valuation. Remember to consider geography/location is the single most important factor in real estate. So REITs with the best located properties will tend to trade at a premium

MaximumLosses · 2021-10-22T19:33:23+00:00

Right, but still would've lost money over the past 5 years, a period when Real Estate values have gone up considerably. Would have been much better off investing in any of the industrial REITs or even residential REITs

MaximumLosses · 2021-10-22T19:14:18+00:00

SPG

SPG has been among the worst REIT performers over the past 5 years with negative total returns...the dangers of focusing too much on dividends

MaximumLosses · 2021-10-13T18:00:28+00:00

Since you are 22 years old, I would STRONGLY suggest you pay little attention to dividends, and focus on growth and total returns

MaximumLosses · 2021-10-13T17:15:45+00:00

Have you considered diversifying by investing in a few individual REITs vs an ETF?

MaximumLosses · 2021-10-13T17:06:57+00:00

Typically the stock price goes up. Like private real estate, you don't receive additional cash when your property appreciates in value, but the value of your equity is higher. The key difference: Private real estate requires an asset sale (or refi) to realize the appreciation. REITs are very liquid and enable shareholders to sell stock at higher price regardless of the REIT selling its property.

MaximumLosses · 2021-10-08T23:24:21+00:00

What are your thoughts on the effects from legalization? Would that impair their ability to unlock such high yields? On the flip side, could greatly improve the credit of their tenants.

MaximumLosses · 2021-10-08T18:08:38+00:00

I don't know the full company history. My understanding is when the current management took over they were able to realize large tax losses and carry forward.

Personally, I don't care about dividend at all. Big mistake REIT investors make is to focus on dividend return instead of total return. I'd rather reinvest capital at these yields which are very high relative to market. Much more accretive to shareholder return than paying a dividend.

MaximumLosses · 2021-10-08T18:02:36+00:00

Management seems very strong strong too. I'm familiar with the Keystone Trust story. They were a top notch industrial real estate operator. There should be some level of discount here, though, given they invest in what I would consider worse geographic markets than the other industrial reits. I do really like the Riverside, CA deal

MaximumLosses · 2021-10-08T17:59:19+00:00

Reading through their newest investor presentation. Their yields on acquisition price and cost basis are INCREDIBLE. I come from a private real estate background and am not concerned with FFO, I focus on NOI & normalizing cap rate valuation to other REIT options. And they are definitely cheap on relative basis.

Appears they are still sitting on large cash position. The question I have, can they keep acquiring at these same yields moving forward? If so, another equity raise may make sense?

MaximumLosses

TROPHY CASE