Movie gallery filed chapter 11 today. It looks like $290k in rent was owed to Realty Income. 750 of 2600 MOVI stores will be closed immediately, followed by subsequent rounds of closures. Assuming that O was... login to read the rest
I am currently short it - I trade the short in O around. I cover around $15-$16 (10% plus current yield) and short above $20 (8% current yield).
Is it the best REIT short - probably... login to read the rest
I was wondering if you were still short this name, and how you view it relative to other reits which have been on fire. It seems to me that they can raise all the equity... login to read the rest
Corrected versionSo the decline in occupancy is offset by a higher rental rate assumption that is NOT observed in the latest 2008 data or projected in consensus.
i pulled the research from my files. Please note analysis refers to Janney research - not mine. The company has issued more shares since the research was published. Shares were issued to de-lever... login to read the rest
You said "The triple net lease business model is high leveraged to occupancy rates – any decline in occupancy will directly impact FFO/AFFO and more importantly O’s dividend."There was a report from Janney from last... login to read the rest
Are you sure you want to close this position Realty Income?
By closing position, I’m notifying VIC Members that at today’s market price, I no longer am recommending this position.
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