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Innovative Industrials Properties Upsizes Public Offering To $100M
2020 May 27, 4:28pm | 170Read More...Real estate investment trust Innovative Industrials Properties (NYSE: IIPR) reported the upsize and pricing of an underwritten public offering of its common shares at an estimated cost of $100 million. The offering consists of 1,348,389 common shares. The underwriter, BTIG LLC, was also granted a...
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BofA Downgrades Closed-End REITs On Distribution Risks
2020 May 21, 1:35pm | 286Read More...With some holdings ceasing dividend payouts, REITs are facing a hit to income potential, while lower net asset values (NAVs) have resulted in a substantial increase in the distribution rates of the funds, according to BofA Securities. Downgrades Elias Lanik downgraded the ratings for Cohen &...
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Pro Says To Avoid Temptation To Buy This Beaten-Up Sector
2020 May 18, 9:45am | 342Read More...The real estate investment trust sector has been the worst-performing group in the S&P 500 index, and investors should not buy the dip, according to Michael Bapis, managing director of Vios Advisors at Rockefeller Capital Management. What Happened The real estate sector is among the most...
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Power REIT To Expand Its Cannabis Facilities In Colorado
2020 May 01, 1:35pm | 387Read More...After getting $15.5 million in debt financing, Power REIT (NYSE-AMEX: PW) set aside a chunk of that cash for acquisitions. Today, it’s starting with a new cannabis cultivation facility in southern Colorado. The property, dubbed Maverick 5, spans 5,040 square-feet and, so far,...
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Will Crisis Breed Inflation And What Can Investors Do To Prepare?
2020 Apr 27, 8:20am | 1293Read More...Given the tumult that continues to swell through global economies and financial markets, investors are faced with a variety of uncertainties regarding their investment portfolios. Between the seemingly endless economic stimulus being issued by central banks to the vague fiscal guidance coming from...
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Agree Realty's CEO On Why Real Estate Investors Should Know 'What Distressed Really Means'
2020 Apr 24, 2:08pm | 752Read More...On Thursday, Joey Agree, the president and CEO of Agree Realty (NYSE: ADC) joined Benzinga’s PreMarket Prep to discuss the real estate market, the impact of COVID-19 and potential opportunities to buy distressed properties. Agree shares have performed well for long-term investors since...
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Agree Realty CEO Says Retailers 'Will Not Snap Back' From Coronavirus
2020 Apr 23, 5:41pm | 859Read More...Real estate investment trusts have been slammed so far in 2020 as investors grow increasingly concerned about risk to mortgage and commercial lease payments. On Thursday, Joey Agree, president and CEO of Agree Realty (NYSE: ADC), joined Benzinga’s PreMarket Prep to discuss how he...
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PreMarket Prep Stock Of The Day: Agree Realty
2020 Apr 23, 2:05pm | 675Read More...Benzinga's PreMarket Prep airs every morning from 8-9 a.m. ET. During that fast-paced, highly informative hour, traders and investors tune in to get the major news of the day, the catalysts behind those moves and the corresponding price action for the upcoming session. On any given...
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Cannabis REIT Acquires Michigan Property, Leases It To Cresco Labs
2020 Apr 23, 12:10pm | 358Read More...Cannabis-focused REIT Innovative Industrial Properties Inc. (NYSE: IIPR) said it has finalized the acquisition of a Michigan property with around 115,000 square feet of industrial space. Innovative Industrial Properties spent $5 million for the purchase and signed a...
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S3, Brick & Mortar Ventures Invest In IFM Restoration's Skilled Labor Marketplace
2020 Apr 21, 5:41pm | 243Read More...IFM Restoration, an online marketplace for contractors, owners, and managers of rental properties, formally announced the closure of a $10 million Series A funding round, led by S3 Ventures and Brick & Mortar Ventures. “Having two powerhouse strategic partners like Brick & Mortar and...
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Prologis Starts Year Off Strong, But Headwinds Are Present
2020 Apr 21, 3:16pm | 804Read More...Prologis Inc. (NYSE: PLD), the world's leading logistics real estate investment trust (REIT), sees its business slowing in the near-term, but believes that there will be a strong snapback in demand after a vaccine for COVID-19 is discovered. On its first quarter 2020 earnings conference call,...
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Why Investors Should Seek Out Diversification In A Downturn
2020 Apr 13, 10:06am | 1019Read More...Uncertainty has become the watchword of 2020, seemingly on all fronts. This cloud of uncertainty has clearly wreaked havoc than within investment portfolios. The major market indexes are coming off their worst quarter since 1987, the CBOE Volatility Index (VIX) has reached its highest level since...
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Will The Remote Office Become Habit After The Coronavirus Pandemic?
2020 Apr 07, 11:27am | 740Read More...Boston Properties, Inc. (NYSE: BXP), Hudson Pacific Properties Inc (NYSE: HPP) and Highwoods Properties Inc (NYSE: HIW) have a lot to worry about these days. The coronavirus has forced a global work-from-home experiment that could prove the utility — or the uselessness — of these office...
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REIT To Set Up Cannabis Cultivation Facility In Massachusetts Via $27M Deal
2020 Apr 03, 12:35pm | 325Read More...Cannabis-focused real estate company Innovative Industrial Properties Inc. (NYSE: IIPR) said Thursday it has finalized its $26.8 million acquisition of an Athol, Massachusetts-based property. The acquired property spans about 199,000 square-feet of industrial space. Innovative...
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Mall Owner Taubman To Tenants: Pay Your Rent
2020 Mar 30, 2:24pm | 486Read More...U.S. mall owner Taubman Centers, Inc. (NYSE: TCO) is warning tenants against skipping rent payments, CNBC reported Sunday. Taubman Says Rent 'Essential' The real estate investment trust wrote in a March 25 memo obtained by CNBC that the rental income it receives from tenants is "...
