The Zumper National Rent Index shows the median national one-bedroom rent for a newly listed one-bedroom now at $1,486, up 11.8% over August 2021 — beating last month’s record high. More than half of US cities are showing double-digit rent hikes, with some over 30%. New York City continues to be the priciest place to be a tenant, with median one-bedroom rent up 39.9% year-over-year; those with two-bedroom apartments are paying 4...
Applications to refinance a home loan, which have been incredibly weak due to higher interest rates, rose 2% for the week but were 80% lower than the same week one year ago. At the same time last year, the average mortgage rate was 3.09%. There are very few remaining borrowers who don’t already have lower rates on their mortgages and who could benefit from a refinance.$ジロー・グループ(Z.US)$$ホーム デポ(HD.US)$$アメリカン リアルティ インベスターズ(ARL.US)$$NYダウ(.DJI.US)$
$アメリカン リアルティ インベスターズ(ARL.US)$American Realty Inc currently owns 78.4% of TCI per the most recent SEC quarterly report. TCI owns many residential and commercial real estate buildings that they have acquired many years ago and have renovated/leased out. TCI just received a buyout offer of 383 million at $44.40 per share from Brixton capital. ARL is entitled to the 300m payout for its 78.4% of the proceeds. ARL is currently trading at 217m market cap meaning there is a 38% upside once the deal closes. (assuming offer does not increase and excluding ARL equity) This does not factor in if Brixton increases their offer which I fully expect as Brixton would not lead with their highest offer. TCI's assets have greatly appreciated from their cost as a result of inflation and increased real estate prices. Just look at their recent commercial building sale in August. TCI sold 600 Las Colinas commercial building after acquiring it 10 years ago at 42.2m for 74.5m. (75% increase) Most of TCI's assets have appreciated 50-75% over the past decade while its stock has remained fairly flat. TCI's real estate at cost amounts to 431 million and their fair market value is closer to 650m. This alone would make TCI's share price worth around 70$ when factoring in TCI's equity + real estate at FMV. Brixton is tendering this offer for TCI as they realize the true value of real estate TCI is holding. I expect Brixton to increase their offer from 44.40$ up to as high as 55$ or 475m buyout which would still be undervaluing TCI's assets. This does not factor in ARL's other joint ventures and property outside of TCI. ARL has 30m of equity on the books outside of TCI. (equivalent of 2$ a share) ARL Fair Value (383M buyout) =((383*.784)+30M)/ 16.15M shares = $20.45$ (47% upside) ARL Fair Value (475M Buyout) =((475*.784)+30M)/ 16.15M shares = $24.92 (80% upside) ARL has a 1.48m float so once people figure out this it will run to 18-19$ fast. PT: 20$ at the minimum, may run higher once we get more press releases about buyout negotiations. Disclosure: I am long ARL until buyout has been finalized. $ゲーミング・アンド・レジャー・プロパティーズ(GLPI.US)$$ミッド・アメリカ・アパートメント・コミュニティーズ(MAA.US)$$EVERGRANDE(03333.HK)$
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New York City continues to be the priciest place to be a tenant, with median one-bedroom rent up 39.9% year-over-year; those with two-bedroom apartments are paying 4...
U.S. home prices hit a new record of $416,000 in June.
$S&P 500 Index(.SPX.US)$ $NYダウ(.DJI.US)$ $Nasdaq Composite Index(.IXIC.US)$ $アメリカン リアルティ インベスターズ(ARL.US)$ $ジロー・グループ(Z.US)$
$Real Estate Select Sector Index(.SIXRE.US)$ $アメリカン リアルティ インベスターズ(ARL.US)$ $S&P 500 Index(.SPX.US)$ $NYダウ(.DJI.US)$
- support $2 resistance $2.5
$アメリカン リアルティ インベスターズ(ARL.US)$
- Support $20 resistance $23
$Redbox Entertainment(RDBX.US)$
- support $2.7. Resistance $3.5
$パルス バイオサイエンシズ(PLSE.US)$
- support $4.2. resistance $5.3
$CLARUS THERAPEUTICS HLDGS INC(CRXT.US)$
- support $2.2 resistance $2.7
TCI owns many residential and commercial real estate buildings that they have acquired many years ago and have renovated/leased out.
TCI just received a buyout offer of 383 million at $44.40 per share from Brixton capital.
ARL is entitled to the 300m payout for its 78.4% of the proceeds.
ARL is currently trading at 217m market cap meaning there is a 38% upside once the deal closes. (assuming offer does not increase and excluding ARL equity)
This does not factor in if Brixton increases their offer which I fully expect as Brixton would not lead with their highest offer.
TCI's assets have greatly appreciated from their cost as a result of inflation and increased real estate prices. Just look at their recent commercial building sale in August. TCI sold 600 Las Colinas commercial building after acquiring it 10 years ago at 42.2m for 74.5m. (75% increase) Most of TCI's assets have appreciated 50-75% over the past decade while its stock has remained fairly flat.
TCI's real estate at cost amounts to 431 million and their fair market value is closer to 650m.
This alone would make TCI's share price worth around 70$ when factoring in TCI's equity + real estate at FMV.
Brixton is tendering this offer for TCI as they realize the true value of real estate TCI is holding. I expect Brixton to increase their offer from 44.40$ up to as high as 55$ or 475m buyout which would still be undervaluing TCI's assets.
This does not factor in ARL's other joint ventures and property outside of TCI.
ARL has 30m of equity on the books outside of TCI. (equivalent of 2$ a share)
ARL Fair Value (383M buyout) =((383*.784)+30M)/ 16.15M shares = $20.45$ (47% upside)
ARL Fair Value (475M Buyout) =((475*.784)+30M)/ 16.15M shares = $24.92 (80% upside)
ARL has a 1.48m float so once people figure out this it will run to 18-19$ fast.
PT: 20$ at the minimum, may run higher once we get more press releases about buyout negotiations.
Disclosure: I am long ARL until buyout has been finalized.
$ゲーミング・アンド・レジャー・プロパティーズ(GLPI.US)$ $ミッド・アメリカ・アパートメント・コミュニティーズ(MAA.US)$ $EVERGRANDE(03333.HK)$
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