EGP

Digital Realty Boosts Guidance and Further Extends Growth Runway

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Image Source: Digital Realty Trust Inc – Third Quarter of 2021 IR Earnings Presentation By Callum Turcan On October 26, Digital Realty Trust Inc (DLR) posted third quarter 2021 earnings that beat both consensus top- and bottom-line estimates. The data center real estate investment trust (‘REIT’) saw its GAAP operating revenues come in at $1.1 billion (up 11% year-over-year) and its non-GAAP core funds from operations (‘FFO’) per share come in at $1.65 per share (up 7% year-over-year) last quarter. Digital Realty also increased its guidance in conjunction with its latest earnings report, which we appreciate, as that signals the REIT is growing confident that it will exit 2021 on a high note. Digital Realty’s business is steadily recovering after … Read more

Dividend Growth Idea Realty Income Is on the Rebound

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Image Source: Realty Income Corporation – August 2021 IR Presentation By Callum Turcan Realty Income Corporation (O) is a real estate investment trust (‘REIT’) that is steadily recovering from the worst of the coronavirus (‘COVID-19’) pandemic. For reference, Realty Income focuses on freestanding singe-tenant commercial properties in the US and the UK. The financial health of the portions of its tenant base that were hit particularly hard by the pandemic, such as movie theater operators, has improved considerably of late. Back during the second quarter of 2020, Realty Income collected 86.5% of its contractually owed rent across its entire portfolio as many of its movie theater and health & fitness tenants, and to a lesser extent its causal dinning tenants, … Read more

ICYMI: Valuentum’s Brian Nelson on the Latest Howard Marks’ Memo: “Something of Value”

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Valuentum’s President of Investment Research Brian Michael Nelson, CFA, explains why there are not really value and growth stocks, why most of the research in quantitative finance is spurious and needs to be redefined on a forward-looking basis, and why enterprise valuation (not the efficient markets hypothesis) should be the organizing principle of finance. Nelson explains his views about valuation, what it means to be a value investor, and investing in the context of Oaktree Capital Howard Marks’ latest memo, “Something of Value,” January 11, 2021. Please don’t forget to give the second edition of the book “Value Trap” a 5-star rating on Amazon here. Thank you for your membership! —– Tickerized for holdings in the IWM. Valuentum members have … Read more

Value Is Not Static and the Qualitative Overlay Is Vital to Our Process

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With prudence and care, the Valuentum Buying Index process and its components are carried out. Our analyst team spends most of its time thinking about the intrinsic value of companies within the context of a discounted cash-flow model and evaluating the risk profile of a company’s revenue model. We have checks and balances, too. First, we use a fair value range in our valuation approach as we embrace the very important concept that value is a range and not a point estimate. A relative value overlay as the second pillar helps to add conviction in the discounted cash-flow process, while a technical and momentum overlay seeks to provide confirmation in all of the valuation work. There’s a lot happening behind the scenes even before a VBI rating is published, but it will always be just one factor to consider. Within any process, of course, we value the human, qualitative overlay, which captures a wealth of experience and common sense. We strive to surface our best ideas for members.

Dividend Increases/Decreases for the Week August 28

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Below we provide a list of firms that raised their dividends during the week ending August 28. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week Athene Holding Pfd C (ATH.PC): now $0.4826 per share quarterly dividend. Eastgroup Properties (EGP): now $0.79 per share quarterly dividend, was $0.75. FFW Corporation (FFWC): now $0.25 per share quarterly dividend, was $0.23. First Midwest Bancorp DP SH C (FMBIO): now $0.4375 per share quarterly dividend, was $0.277. Fresnius Medical Care AG Common Stock (FMS): now $0.491 per share annual dividend, was $0.45. Highway Holdings (HIHO): … Read more

Economic Commentary – Politics, the WeWork Debacle, and How We Use the Valuentum Buying Index in the Newsletter Portfolios

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In our latest Economic Commentary, the Valuentum team continues its discussion on politics and the markets and the implications of a potential WeWork failure on the commercial real estate and construction markets. We’ll also address a very important question: Why are there lower Valuentum Buying Index ratings in the newsletter portfolios at times? The answer is rather straightforward and a good thing! Let’s get started. Christopher Araos: One comment about the upcoming elections.  The previous one proved to the world how susceptible the general populace of America is to propaganda from abroad–when they could organize rallies for locals to go to and from countries like Ukraine and Russia (RSX). My concern is this literally opens up a can of worms/pandora’s box. … Read more

Dividend Increases/Decreases for the Week Ending August 30

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Below we provide a list of firms that raised their dividends during the week ending August 30. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week Atlantica Yield (AY): now $0.40 per share quarterly dividend, was $0.39. Bank of Nova Scotia (BNS): now CAD 0.90 per share quarterly dividend, was CAD 0.87. bebe stores (BEBE): now $0.17 per share quarterly dividend, was $0.125. Canadian Western Bank (CBWBF): now $0.28 per share quarterly dividend, was $0.27. Capital City Bank (CCBG): now $0.13 per share quarterly dividend, was $0.11. Eastgroup Properties (EGP): now $0.75 … Read more

Dividend Increases/Decreases for the Week Ending September 7

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Below we provide a list of firms that raised their dividends during the week ending September 7. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week American Tower (AMT): now $0.79 per share quarterly dividend, was $0.77. BHP Billiton (BHP): now $1.26 ADS semi-annual dividend, was $1.10. Delaware Investments Dividend&Income Fund (DDF): now $0.0968 per share monthly dividend, was $0.0961. Eastgroup Properties (EGP): now $0.72 per share quarterly dividend, was $0.64. Logitech International (LOGI): now $0.67 per share annual dividend, was $0.41. Macquarie Global Infrastructure Total Return Fund (MGU): now $0.42 per … Read more

Dividend Increases/Decreases for the Week Ending September 1

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Below we provide a list of firms that raised/lowered their dividends during the week ending September 1. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week Andeavor (ANDV): now $0.59 per share quarterly dividend, was $0.55. Atlantica Yield (ABY): now $0.26 per share quarterly dividend, was $0.25. Bank of America (BAC): now $0.12 per share quarterly dividend, was $0.075. Bank of Hawaii (BOH): now $0.52 per share quarterly dividend, was $0.50. Bank of Nova Scotia (BNS): now CAD 0.79 per share quarterly dividend, was CAD 0.76. Canadian Western Bank (CBWBF): now $0.24 … Read more

Prepared Remarks From Nelson Exclusive Conference Call June 30

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Read President of Investment Research Brian Nelson’s prepared remarks for the yearly roundup conference call, held for Nelson Exclusive members. If you would like to subscribe to the Nelson Exclusive publication, please learn more about the publication here. The Nelson Exclusive publication does not reflect real performance. Performance is hypothetical and does not represent actual trading. Ladies and Gentlemen, Thank you very much for joining us on the first conference call for members of the Nelson Exclusive publication. The first year of the publication has surely been an exciting one for all involved. When I first wrote the introductory letter of the Nelson Exclusive on July 1, 2016, we were well-aware the market had laid down the gauntlet for this publication. … Read more