My hometown Mall, Westgate Mall, was built in 1975. At the time, Interstate-26 had just opened and Spartanburg, South Carolina was ripe for retail expansion. The mall was constructed along the newly opened I-26 corridor (connecting Asheville, North Carolina to Columbia, South Carolina) and it was on
My objective is to maintain around 10% exposure with commercial mortgage REITs and I am getting closer to that goal with the recent addition of Jernigan Capital (JCAP) – see my recent article here. (Note: I recently purchased shares in JCAP).
It's been just a few days since I wrote on Kimco Realty (NYSE:KIM), as you may recall I decided to upgrade shares in the dominant shopping center REIT from BUY to STRONG BUY. In my previous research report, I explained that:
Tanger Factory Outlets (SKT) lowered earnings guidance on the unpredictable retail environment, and yesterday shares took a hit. The “pure play” Outlet Center REIT reported first-quarter earnings on Monday that largely fell in line with analysts’ expectations, but the stock tumbled on management’s
SUMMARY Owning SWANs is an important part of my business plan as these stocks represent a majority of my REIT portfolio. It takes significant time to weed out the “best from the rest,” but the hard work is validated when I begin to see the results.