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drbubb

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  1. High Yield REIT Shares & Debentures: PEI, etc

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Here are 20 REIT stocks with dividends expected to be well supported through 2025.

    REITs have tax advantages -- income taxes are avoided at the corporate level if at least 90% of earnings are passed through to shareholders through dividend payments. So REITs are generally considered current-income investments. An investor hopes to see the dividend payouts increase over time. So the REITs listed below are sorted by dividend yield. 

    REIT                                 Ticker  Market cap. ($mil)  Annual dividend rate  Estimated 2023 AFFO  Estimated 2024 AFFO  Estimated 2025 AFFO 
Sabra Healthcare REIT Inc.            SBRA               $2,744                 $1.20                $1.34                $1.43                $1.51 
Global Medical REIT Inc.              GMRE                 $612                 $0.84                $0.94                $1.02                $1.04 
CTO Realty Growth Inc.                CTO                  $390                 $1.52                $1.64                $1.81                $2.03 
City Office REIT Inc.                 CIO                  $221                 $0.40                $0.57                $0.61                $0.70 
LTC Properties Inc.                   LTC                $1,410                 $2.28                $2.76                $2.87                $2.98 
Spirit Realty Capital Inc.            SRC                $5,708                 $2.65                $3.58                $3.68                $3.77 
Gaming & Leisure Properties Inc.      GLPI              $13,191                 $2.88                $3.67                $3.73                $3.81 
CareTrust REIT Inc.                   CTRE               $1,979                 $1.12                $1.51                $1.66                $1.75 
RPT Realty                            RPT                  $913                 $0.56                $0.69                $0.71                $0.76 
Four Corners Property Trust Inc.      FCPT               $2,320                 $1.36                $1.67                $1.73                $1.81 
NNN REIT Inc.                         NNN                $7,952                 $2.20                $3.26                $3.35                $3.45 
Realty Income Corp.                    O                $41,067                 $3.06                $3.99                $4.18                $4.38 
Apartment Income REIT Corp.           AIRC               $5,461                 $1.80                $2.12                $2.26                $2.47

    x

    x

    > https://www.morningstar.com/news/marketwatch/20230610330/do-you-need-investment-income-here-are-20-reit-stocks-with-dividends-expected-to-be-well-supported-through-2025

  2. Hang Lung Properties / Group - good Buy near $14, $20?

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    FIRST HALF Results, still weeks away - Late July?

    Period:  2021: 2022:   +chg.  :  2023  :   +chg.
    Unadj. : $1.11:  $1.18 : +6.33%:  $1.20E? +1.69%?
    1st H.  : $1.11:  $1.06 : - 4.50%:  $1.20E? +13.2%?
    2nd H : $0.79: $0.94: +19.0%: $1.00E?
    Full Yr : $1.90: $2.00: +5.26%:
    Divs.   :
    Final.  : $0.65: $0.65:    unch. :  $0.65:
    Inter.  :  $0.21: $0.21:

    Release of 2022 interim results | Jul 28, 2022icon_linkedin.svg

    The interim results announcements are available for download here :

    Hang Lung Properties Limited : Download pdf

    Hang Lung Group Limited.        : Download pdf

    CONSOLIDATED RESULTS
    For the six months ended June 30, 2022, total revenue of Hang Lung Group Limited (the Company) and its subsidiaries (collectively known as “the Group”) grew by 6% to HK$5,605 million, while operating profit edged up by 2% to HK$3,929 million. The revenue of our property leasing business stayed flat at HK$5,289 million. Property sales revenue of HK$316 million was recognized during the period (2021: Nil).
    The underlying net profit attributable to shareholders advanced by 7% to HK$1,600 million.

    The underlying earnings per share rose to HK$1.18 correspondingly. After taking into account a net revaluation loss on properties attributable to shareholders of HK$161 million (2021: net revaluation gain of HK$10 million), the Group reported a net profit attributable to shareholders of HK$1,439 million (2021: HK$1,508 million). The corresponding earnings per share was HK$1.06 (2021: HK$1.11).
    ...

     

  7. PHL Sugar Producers, History & Prices

    in Makati Prime.com's Philippines Forum

    Posted

    SELLING DOWN

    ROX - Roxas Holdings, Inc.
    C04328: Roxas Holdings clarification of news reports

    Source: Manila Bulletin (Online Edition) Subject of News Report: "URC buys CADP's idle sugar milling assets" Date of Publication: May 30, 2023 Clarification of News Report: "Universal Robina Corporation (URC), the food and beverage unit of the Gokongwei Group, is acquiring the idle sugar milling machinery and equipment of Central Azucarera Don Pedro Inc. (CADPI) for an undisclosed amount. ...."

    The Roxas Holdings, Inc. (RHI) Group, which includes its wholly- owned subsidiary, Central Azucarera Don Pedro, Inc. (CADPI), confirms that the above statements are fair and accurate. Consistent with earlier submissions, specifically in a clarification dated March 23, 2023 to the Exchange, RHI had disclosed that CADPI is selling the unutilized and idle equipment and machineries of the mill.

    The plan is for the Batangas operations to focus on its remaining sugar refinery operations, seeing that this has more potential for sustainable operations. The value of the milling assets stands at Php897 Million, and has been consistently tagged as "Asset Held for Sale" in RHI's latest Quarterly Reports (SEC Form 17Q) for the last two reporting periods. Compared with the total consolidated assets of RHI at Php14.1Billion as of March 31, 2023, such transaction will not breach the materiality threshold of the Exchange, and considering further that the mill operations of CADPI has been discontinued as early as December last year.

    ==

    C02154: Roxas Holdings clarification of news reports - 1

    Source: Inquirer.net Subject of News Report:

    "Roxas Holdings selling Batangas mill following shutdown"

    Date of Publication: Mar 23, 2023 Clarification of News Report: "MANILA, Philippines - Listed sugar and ethanol producer Roxas Holdings Inc. (RHI) is divesting a mothballed mill operated by subsidiary Central Azucarera Don Pedro Inc. (Cadpi) in Batangas province. RHI president and CEO Celso Dimarucut did not divulge details of the deal, such as the potential buyer, timeline and acquisition cost. He only said the Cadpi assets were classified as an 'asset for sale'. 'Discussions are currently underway with a potential buyer for the sale of this equipment,' said Dimarucut during the company's annual stockholders' meeting held virtually on Wednesday. RHI earlier disclosed the assets for sale represent Cadpi's assets from its milling operations, including machinery and equipment amounting to P897.3 million. 'Hopefully, we'll be able to announce soon the outcome of this discussion,' added Dimarucut.

    Last December, RHI arrived at a decision to permanently cease the raw sugar milling operations of Cadpi situated in Nasugbu town beginning crop year 2022-2023 and terminate the subsidiary's employees. . . . ." The Roxas Holdings, Inc. (RHI) Group, which includes its wholly- owned subsidiary, Central Azucarera Don Pedro, Inc. (CADPI), confirms that the above statements are fair and accurate.
     

  8. PHL Sugar Producers, History & Prices

    in Makati Prime.com's Philippines Forum

    Posted

    ROX TRULY SUCKS!  Look at the chart, then read the Report

    With such a strong MOVE UP in SUGAR prices, you might have expected a stronger result than the big losses that ROX goes on reporting

    QvjdZpf.gif

    31c73xB.gif

    ROX - Roxas Holdings, press release

    "RHI First Half Core Net Loss at PhP590M"

    Listed sugar and ethanol producer Roxas Holdings, Inc. (RHI; PSEi: ROX) today reported a Core Net Loss of PhP590Million for the first for the six months ended 31 March 2023, compared with its Core Net Loss of PhP496Million for the same period in 2022.

    Chairman Pedro E. Roxas stated that "the significant challenges confronting the business and the sugar industry have dealt heavy blows to RHI specifically in the sugar refinery operations of Central Azucarera Don Pedro, Inc. (CADPI). Amid the Government's move in February this year to import 440,000MT (metric tons) of refined sugar, in addition to the150,000MT earlier imported this Crop Year 2022-2023, it has been difficult for local sugar refineries to compete given the high prices of raw sugar feedstock and of outside fuel costs which have increased significantly in recent years.

    These costs eroded the white premium margin to entice local refineries to process and refine raw sugar." He added that, on the other hand, the ethanol plant under San Carlos Bioenergy, Inc. (SCBI) has seen marked improvements in operating yields as it continuously adopts programs to increase efficiency. Overall, the Group continues to explore means to operate the refinery viably and address its impending risks through partnerships with sugar mills and traders, and to implement programs across all units to significantly cut down on operating expenses. It likewise continues to study options to potentially generate cash from its unutilized land and other assets.


    Not only does the mgmt. suck.  But they also seem to not give a d@mn about their sharehilders.  The mgmt team should resign and/or let the company be taken over.

    Hard to believe that a Sugar grower and refiner has lost all linkage with rising Sugar prices.  Seems like the Ethanol business was a bust since they got started there

  9. PHL Sugar Producers, History & Prices

    in Makati Prime.com's Philippines Forum

    Posted

    ANOTHER CHANCE?  For a breakout Rally in RCI (P0.49), and ROX (P0.85) .. w/o Low:

    OSUtjY7.gif

    RCI VALUATION MATRIX
    ===== YE’21: YE’22: % chg.: 6.9.23
    RCI     : P1.29 : P0.65 :-49.6%: P0.49:
    BkVal.: P3.38: P3.37E -0.30%: P3.37E
    Pr/BV: 38.1%: 19.3% : ===== : 14.5% > low Price to Book!
    Sh.OS: 2195M: 2222M: +1.2%: 2222E
    MCap: 2.83B : 1.44B :- ==== : 1.09B
    ROX.  : P1.04 : P0.77 : -26.0%: P0.85 :
    BkVal.: P3.31: P3.38 : -0.30%: P3.38E:
    Pr/BV: 31.4%: 22.8% :  ==== :  25.1% :
    356M* 370M: 274M :  ==== :  303M :
    / rci   :  0.131 :  0.190:  ==== :  0.278 : % RCI Mkt.Val
    % Pr. : 80.6% : 118.%:  ==== :  173.% :
    ===>. % Pr.:  rox/rci
    *ROX: RCI owns 23% (x1.55B.)=356M sh
    ====

  11. PRECIOUS Decade: Metals, Stocks & the Long View

    in NEWS Commentary, 2021 & Beyond

    Posted

    QQQ vs. SPY :

    06joq6O.gif

    Is this a Melt-up Yet?
    =====
    Index.  FY’22  : 6.2.23 :  change
    QQQ : 266.28: 354.65: + 33.2%
    SPY. : 382.43:  427.92: + 11.9 %
    VIX.  :  21.67 :   14.60. :  - 32.6%
    PSEI :  6,566 :   6,512 :  - 0.83%
    ====
    My own small PHL portfolio is 16% ahead of PSEI this year.
    There were many warnings on various Viber chats in early 2023,
    That stocks were likely to crash in 2023. I warned in xx that we
    Could see a melt-up instead, staying open to the views of the
    Handful of Bulls like David Hunter,
    Please see my comments about a possible Melt-up on my website
    > GEI, Jan.15th - at the TOP of this page...

    WILL WE AVOID A RECESSION?  I don't think so.  

    In fact the coming slowdown may be very severe, but in the early stages, it may be seen as bullish as the slowdown brings down inflation and rates. 

    ROSENBERG:  "Oil prices are down almost 50%. That feeds into everything... A recession is no longer priced into Stock prices... If there is a secular bull market brewing, it is in Japan."

    David Rosenberg: Don't Believe The Hype! This Economy Is A Dead Man Walking.  

     

  12. Fortuna Silver/FSM (ex Roxg: 133k oz.> 200k oz)

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Fortuna Silver Mines Inc. reported the successful first gold pour at its Seguela Mine in Cote d'Ivoire, marking the mine's transition from commissioning to the ramp-up phase. The achievement highlights Fortuna's operational capabilities and adds a fifth operating mine to its portfolio. The company expects the Seguela Mine to contribute a substantial amount of gold production in 2023, showcasing the strength and growth potential of Fortuna's mining operation.

  17. ETHE, Ethereum at a Discount. +HIVE, RIOT (Miners)

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    MONDAY, 5/29
    $335 = BTC 0.0120,  BTC at $27,950 .. Last updated six months easier, when it was 0.0132, $256 (btc: $20.0k)

    BTC-Futures: 28,075.00... All: 2022: 2023:

    sbSAPjJ.gif

    SOL now is: $20.75, stopped < $15

    ETH is:         $1,904. (/$27,950= 6.81%) : / 1.03= $1,850 x0.456= $8.44. est. ETHE Monday Open

    ETHE: $8.09 > thread (disc.-54.6%) /.454= 17.82 x1.03= $1,835 ETH?

    Note: $8.09 x 1000 shs =  $8,090/. ++ HIVE. $2.99. x 3000 shs = $8,970/. Total = $17,040 /

    $17,040; vs. Bito-15.44= 1,105 sh., Btc-Fri-26.5k= 0.64 BTC. Btc-Mon.PreMkt: 27,950=0.610 BTC

    Jm6knl7.gif

     

  20. Philippine REITS & Div. Yields

    in Makati Prime.com's Philippines Forum

    Posted

    Phl REITs / Philippine REIT Stocks, More 2023 updates.                   (pg.3)

    RCR vs.TLT: F,V: Jul'22: YTD: 10d /  Y.Curve              -> S-Ltr: 10d: BL: M-Sh:

    Yield.Curve : 2yr: 4.564%, 10yr: 3.692%, 30yr: 3.948%  at 5.19

    Z3wtSaD.gif

    REIT Dashboard, 5.26
    4stk Areit: Mreit:  RCR :  Filrt
    === 33.65: 13.90: P5.76: 4.30:
    Div.  P2.02 : .982 :  .389 : .363:
    Yld: 6.00%: 7.06%: 6.75%:8.44%
    Rpt: 6.18%: 7.06%: 6.77%:8.44%
    4Ave.= 7.06%,  6Ave.=7.16%
    Ph10yr 6.05%, 5yr: 5.84%
    +VREIT  : 1.69, .117, 7.09% ( N/A
    +Ddmpr: 1.28, .10E, 7.81% ( N/A

    TLT,  :    TYX =  US,LT : Prem.
    101.09, 39.69=-3.97: 3.09% prev.2.61%
    Weekly Comment: Phl.Rates Jump.
    REITS broke down, esp. FILRTs

    PHL Govt Bond Yields : 10yr.etc: yrEnd'22: 6.98%

    WkEnd Areit: Mreit:  RCR  : FILRT= AveDvPh.10yr  TLT = US,Lt.: prem./
    10.07:  34.85: 13.18: P5.07 : P5.98 = 6.81%v7.24% 100.99 3.84%: 2.97% BUY #1
    11.25:   33.15: 11.36: P5.24 : P5.71 = 7.20%v6.97% 102.90 3.75%: 3.45% BUY #2
    YE'22 35.40: 14.48: P5.85 : P5.50 : 6.52%v6.98% 100.7: 3.92%: 2.60%
    01.27:  35.85: 14.76: P6.06 : P5.80= 6.32%v 6.12% 106.7= 3.63%: 2.69%
    03.03: 35.90: 14.00: P5.55 : P5.30= 6.56%v6.59% 101.9 : 3.89%: 2.67%
    03.31: 32.65: 14.46: P5.80 : P5.23= 6.62% v6.32% 106.4: 3.69%: 2.93%
    04.06: 32.10 : 14.54: P5.70 : P5.40= 6.61% v6.22% 108.5: 3.54%: 3.07%
    04.14: 32.05 : 14.68: P5.87 : P5.35= 6.57% v6.30% 105.1: 3.74% : 2.83%
    04.20: 32.90: 14.52: P5.84 : P5.18 = 6.61% v6.30% 104.4: 3.78% : 2.83%
    04.28: 33.70: 14.78: P5.77 : P5.25 = 6.54% v6.21% 106.5: 3.68% : 2.86%
    WkEnd Areit: Mreit:  RCR  : FILRT=AveD.vPh.10yr  TLT = US,Lt.: prem./ V-R, dd-R, 6ave.
    05.05: 34.20: 14.68: P5.85 : P5.18 = 6.53% v6.00% 104.9: 3.76%: 2.78%, 1.54, 1.30, 6.89%
    05.12 : 33.65: 13.90: P5.89 : P5.21 = 6.51% v 5.88% 104.3: 3.78%: 2.73%, 1.57, 1.28, 6.88%
    05.19 : 34.40: 14.92: P5.83 : P5.00= 6.56% v 5.90% 101.1: 3.95%: 2.61%, 1.65, 1.30, 6.84%
    05.26: 33.65: 13.90: P5.76 : P4.30= 7.06% v 6.05% 101.1 : 3.97%: 3.09%, 1.69, 1.28, 7.16%%
    06.02: 33.50: 14.00: P5.70 : P4.21= 6.84% v 5.92% 102.0: 3.88%: 2.98%, 1.62, 1.29, 7.20%
    ====

    Rising Rates= Falling TLT Trend reversed in Oct, helping PHL REITs to stage a nice Rally

    4xREITS vs.TLT: Jan'22: 8/'22: 10d / 2.09.23: 5.76 /101.09= RCR @ 0.570 TLT, was 0.563 at 2.09

    BK8USp6.gif

    BUY Points - Signaled when R/T Ratio approached 0.50, 5.0%
    Date— : RCR :  TLT : R/Tratio: DivYld : TYX :  Prem. :
    10.07.22: 5.07: 100.99: 5.02%:  6.81%: 3.84%: 2.97% > BUY#1
    11.25.22: 5.24: 102.90: 5.09%: 7.20%: 3.75%: 3.45% > BUY#2
    YrEnd22 5.85: 100.68: 5.81%:  6.52%: 3.92%: 2.60%
    ========

  23. Philippine Educational Stocks: CEU, FEU. STI, etc

    in Makati Prime.com's Philippines Forum

    Posted

    STI gets a BID!  Traded at 0.39, new year's High
     

    STI / STI Education Systems ... from mid-2020: 2022: 10d:

    okTerc1.gif

    STI Education press release - 1

    "STI Holdings posts P579 million in 9-month period net income as face- to-face classes drive enrollments"

    The steady transition back to face-to-face classes continues to bode well for the owner of one of the country's largest networks of schools, STI Holdings, as it reported another increase in profits brought about by the rise in enrollments. In a quarterly disclosure with the Philippine Stock Exchange filed Monday, STI Holdings said it posted a net income of P579.3 million for the nine-month period ended March 31, 2023, which is 95% higher than the net income of P297.2 million recorded for the same period last year.

    STI Holdings' Fiscal Year (FY) starts on July of every year and ends on June 30 of the following year. STI Holdings also generated gross revenues of P2.4 billion, which was 27% higher than the P1.9 billion revenues recorded for the same period last year due to the increase in the number of enrollees and improvement in the enrollment mix of the Group for School Year (SY) 2022-2023. Tuition and other school fees, which were recorded at P2.1 billion for the said nine-month period, increased by P422.2 million or 25% from the same period last year. The number of new students enrolled in Commission on Higher Education (CHED) programs improved by 17% or 3,707 from 22,142 to 25,849 for SY 2021-2022 and SY 2022-2023, respectively. STI Holdings said its schools now have a total of 94,312 enrollees for SY 2022-2023, which is 14% or 11,683 higher than the 82,629 students it took in during SY 2021-2022. "STI Education Services Group's wholly-owned and franchised schools registered an enrollment of 81,697 students, 8,947 or 12% more than the enrollment in SY 2021-2022. Percentage-wise, STI WNU registered the highest increase at 35% for this SY compared to last SY," it said.

    Schools also reported revenues from other sources as a result of increased enrollments and more frequent face-to-face classes. On the other hand, STI Holdings said the resumption of face-to-face classes has likewise led to increased support for more student activities and programs. Its schools have also continued to invest in technology that will help with the education of students, notably increased subscription costs for Microsoft, eLMS, and Amadeus software for SY 2022-2023.

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