SPG

DGN Holding Realty Income Continues Moving Higher

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Image Shown: Shares of Realty Income Corporation (O) have been on an upward tear this year as excitement over a lower interest rate environment, courtesy of the Federal Reserve, is driving up interest in real estate investment trusts. By Callum Turcan A holding in our Dividend Growth Newsletter portfolio, Realty Income Corporation (O) invests in single-tenant properties both domestically and now abroad after expanding overseas for the first time earlier this year. The REIT pays out a monthly dividend and has done so for 590 consecutive months (as of early-September 2019), pushing through 102 payout increases since going public in 1994. Shares of the REIT yield 3.6% as of this writing. We like Realty Income’s “A” rated credit ratings (A3/A-), … Read more

Shares of DGN Holding Digital Realty Climbing Upwards

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Image Source: Digital Realty Trust Inc – IR Presentation By Callum Turcan One of our favorite holdings in the Dividend Growth Newsletter is Digital Realty Trust (DLR), a data center REIT whose shares yield 3.4% as of this writing. Digital Realty expects to generate $6.60-$6.70 per share in core FFO this year, up 5% at the midpoint when excluding a new lease accounting standard and foreign currency headwinds. Please note that due to those two factors and pressure from rental renewals (DLR had a lot of leases expire in 2019 and some of the new leases were signed at modestly lower rates), Digital Realty’s reported core FFO ($6.65/share at the midpoint of guidance) in 2019 will only grow marginally from … Read more

Realty Income Posts Solid Earnings, Acquires Overseas Real Estate for First Time

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Image Source: Realty Income Corporation – IR Presentation By Callum Turcan Realty Income Corporation (O) is a REIT focused on free-standing, single-tenant commercial properties in 49 US states, Puerto Rico, and now the UK. At the end of the second quarter of 2019, Realty Income had economic interests in almost 6,000 properties. The REIT reported second quarter earnings on August 5, and we liked what we saw. Realty Income is included in our Dividend Growth Newsletter portfolio and shares of O yield 3.9% as of this writing. Please note that the REIT pays out a monthly dividend and has been doing so for 589 consecutive months (~49 years). Financial Overview As you can see in the graphic below, Realty Income … Read more

Mall Retail Armageddon?

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We think investors should be extremely cautious if they are interested in any mall retailers. Mall REITs are starting to feel some of the pain, too. By Brian Nelson, CFA Our latest channel checks at the malls foreshadowed what eventually turned into a terrible showing during the first quarter for the department stores such as J.C. Penney, Kohl’s and Nordstrom, but the apparel names and other niche shops are feeling the pain, too. It is becoming eerie when visiting the malls these days. In some of the locations we’re visiting, hardly anyone is there! Generation Z may not pick up the slack from the millennial generation, and it is showing up in the numbers big time. Here’s a run down … Read more

Markets Swooning, Expect Extreme Volatility, Finger on Put-Option Trigger

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Image shown: We notified members December 26 that we had  moved  the Best Ideas Newsletter portfolio and Dividend Growth Newsletter portfolio to a “fully invested” position, from a 30% and 20% cash “weighting” at the high end of the range, respectively.  — No change to simulated newsletter portfolios…at this time.  — Hi everyone, — Hope you’re navigating these tumultuous markets well.   — If you recall, during the holiday season last year, we had moved the Best Ideas Newsletter portfolio and Dividend Growth Newsletter portfolio to “fully invested.” See image above (point of the arrow). Because many members were traveling and out of the office, not all were able to read the notification until a week or two after. They were … Read more

Latest Channel Checks at Malls…Scary

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We know malls come and go, and location is everything, but our latest visit to a few malls in the Chicagoland area leave us scratching our heads in a big way. One was eerily empty. By Brian Nelson, CFA A small sample set is never one to extrapolate, but our latest checks of malls in the northwest Chicagoland area came up a little surprising. We’re not sounding the alarm bells just yet, but we think some caution is in order for the largest mall REITs, including Tanger Factory (SKT), Macerich (MAC), Simon Property (SPG) and Taubman (TCO). Something just wasn’t quite right on our latest visit, and we attribute it primarily to failing anchor department stores, namely Carson Pirie Scott … Read more

ATTN: Advisors and Planners — Disruption Is Looming

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“With the commoditization of investment advice and intense competition from robos and other more cost-efficient solutions, growth-minded advisors want to create bespoke experiences for clients.” — WealthManagement.com By Brian Nelson, CFA Hi Valuentum members, colleagues and friends, Valuentum has a large subscriber base and is one of the most successful paid subscription financial information websites launched this decade. Over the past eight years or so, individuals, financial advisors and money managers from all over the world have subscribed to our services. We pride ourselves on independence and transparency, and we’re a champion of the investor. Today, I’d like to talk directly to our financial advisor, financial planner, and professional money-manager members. You probably already heard the news yesterday: Charles Schwab, which handles … Read more

DG Newsletter Alert, Markets on a Roll! New Highs Coming?

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Image shown: We notified members December 26 that we had moved the Best Ideas Newsletter portfolio and Dividend Growth Newsletter portfolio to a “fully invested” position, from a 30% and 20% cash “weighting” at the high end of the range, respectively. It doesn’t look like the timing could have been much better.  Changes to Dividend Growth Newsletter portfolio Removing Novartis (NVS) -3.5%-5.5% Adding Health Care Select Sector SPDR Fund (XLV) +3.5%-5.5% By Brian Nelson, CFA The back half of 2018 was among the most exciting in Valuentum’s history. For one, we might have made one of our best “market-direction” calls since inception in practically calling the near-term bottom December 26. In hindsight, it’s clear the market had overreacted, but at the time, going to “fully … Read more

Valuentum’s Stock and Data Screens and Screeners

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Let’s go over where to find Valuentum’s stock and data screens and screeners. We believe our stock screeners are among the most robust when it comes to providing forward-looking data, and our data comes straight from our enterprise discounted cash flow models that we use to derive a company’s fair value estimate. By The Valuentum Team In late 2017, we made the decision to transition to providing an updated Excel download each week to members in order to allow them to facilitate any combination of screening criteria they want with respect to our vast amounts of data, whether it be the Valuentum Buying Index, the Dividend Cushion ratio or other. What we’ve found out the past 15 months or so … Read more

Kraft-Heinz Blows Up, More Updates!

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Image shown: The rating history of Kraft-Heinz (KHC). Valuentum members were warned in advance of this pricey equity in 2016/2017, and the VBI rating never advanced past 5 since then after registering a 1, the worst rating, on two separate occasions. Dear members, I wanted to first of all welcome our new members. There have been a lot of new ones during the past few weeks. Thank you. The buzz might be coming from the new book launch, Value Trap. If you haven’t read the book yet, please do so here. Members can get the pdf digital download today at 25% off. For new members, reading this book is simply par for the course to get a feel for how we look at … Read more