Headlines of Interest

One thought on “Headlines of Interest”

1. Read thru the EQC report today as I have a slug of the EQC-D which pay 6.5% and the 4 ofc buildings they are ‘stuck’ with and couldnt dump continue to decline in occupancy and renewal rents, like most ofc situations today. Of course w 2.2bil of cash on hand they are earning a lot of interest now and ea yr they have to pay out a chunk to meet REIT requirements…anyway they allude to this year they plan on either making a transaction or shut down.

   When I think of the decent REITS they could bring 2.2bil to and merge there are a lot of options..so I guess stay tuned. But we have been ‘staying tuned’ for a few years.. and that strategy from founder Sam Zell seems to have been the right one!

   here is an excerpt where this came out..”Today, we are continuing our efforts to maximize shareholder value. We remain focused on opportunities in our pipeline where we can create long-term value for our shareholders, while concurrently taking steps to facilitate the potential wind down of our business. Before the end of this year, we expect to either announce a transaction or move forward with a plan to wind down our business.”

   also in the above list I have some EPR common w a basis now sub $40, they are hanging in there, probably one of the more controversial REITs w all the theaters..but mgmt again is managing. They did raise the monthly. FYI; DYODD Bea

   Reply