$美国房地产投资(ARL.US)$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. $Gaming & Leisure Properties(GLPI.US)$$MAA房产信托(MAA.US)$$中国恒大(03333.HK)$
美国房地产投资股票讨论区
$霍顿房屋(DHI.US)$ $NVR Inc(NVR.US)$ $莱纳建筑(LEN.US)$ $莱纳建筑-B(LEN.B.US)$ $美国房地产投资(ARL.US)$ $2倍做多房地产ETF-ProShares(URE.US)$ $道琼斯指数(.DJI.US)$
$美国房地产投资(ARL.US)$ $2倍做多房地产ETF-ProShares(URE.US)$ $霍顿房屋(DHI.US)$ $NVR Inc(NVR.US)$ $莱纳建筑(LEN.US)$
纽约市仍然是最昂贵的租户场所,一居室租金中位数同比增长39.9%;拥有两居室公寓的租金中位数为4...
6月,美国房价创下41.6万美元的新纪录。
$标普500指数(.SPX.US)$ $道琼斯指数(.DJI.US)$ $纳斯达克综合指数(.IXIC.US)$ $美国房地产投资(ARL.US)$ $Zillow-C(Z.US)$
$房地产板块精选指数(.SIXRE.US)$ $美国房地产投资(ARL.US)$ $标普500指数(.SPX.US)$ $道琼斯指数(.DJI.US)$
-支撑位2美元阻力位2.5美元
$美国房地产投资(ARL.US)$
-支撑位20美元阻力位23美元
$Redbox Entertainment(RDBX.US)$
-支撑位2.7美元。阻力位 3.5 美元
$Pulse Biosciences(PLSE.US)$
-支撑位4.2美元。阻力位5.3美元
$CLARUS THERAPEUTICS HLDGS INC(CRXT.US)$
-支撑位2.2美元阻力位2.7美元
美股日日研27: 盘点一下美股中的房地产开发股
【分析结果在篇尾 👇 】
今天是2022年4月21日,周四盘前,我们来盘点一下房地产开发板块,一共10支股票,市值从2628亿到8.5亿,3亿以上市值的股票只有5只,真是让人大跌眼镜。
股票少于10只,没必要细分,挨个看过去。
1. $Landsea Homes(LSEA.US)$是2021年1月上市的股票,毛利率18%,净利率5%,不是太有吸引力。
2020年收入为0,管理费用277万,总支出267万,利息收入69万。在毫无收入的情况下,公司的维持成本极低。2019年收入6.3亿,管理成本3500万,占比5.6%,也还好。2021年收入10.23亿,管理成本7000万,占比7%,不太合情理,照常理规模越大,管理占比应该越小才对。
资产负债率51%,2021年存货8.45亿。目前只有3年数据,其中一年的营收还是0,不足以作出有信心的判断。
2. $福里斯特(FOR.US)$净利润曲线在波动中上升,5年平均增长率为13%,每股收益增长率略低,营业利润曲线差异很大...
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.
$Gaming & Leisure Properties(GLPI.US)$ $MAA房产信托(MAA.US)$ $中国恒大(03333.HK)$
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