GREIX, GRETX, GREAX, GRESX, GRERX, GREBX, GRECXĬRARX, IREWX, IDROX, CLARX, CRWRX, CRCRX, CRBCX Goldman Sachs Real Estate Securities Fund Thomas received a bachelor of science in business/economics from Presbyterian College and is married with five wonderful kids.Ĭohen & Steers Institutional Realty SharesĬREAX, CREIX, CRRVX, CRERX, CREEX, CRRFX, CREWX, CRECX, CREBXĬompass EMP REC Enhanced Volatility Weighted Fundĭelaware Real Estate Investment Trust Portfolio IIĭelaware Real Estate Investment Trust PortfolioĭWS RREEF Real Estate Securities Income Fundįidelity Real Estate Investment Portfolio
Thomas is the recently-published author of The Intelligent REIT Investor Guide (2021), co-author of The Intelligent REIT Investor (2016), and he wrote The Trump Factor: Unlocking The Secrets Behind The Trump Empire (2016) - all available on Amazon. And he was the #1 contributing analyst on Seeking Alpha in 2014, 2015, 2016, 2017, 2018, 2019, 20 based on both page views and number of followers. News and World Report, Money, NPR, Institutional Investor, GlobeStreet, CNN, Newsmax, and Fox. Thomas has also been featured on or in Forbes magazine, Kiplinger's, U.S. With over 30 years of real estate experience, he is also long-time Editor of Forbes Real Estate Investor, a monthly subscription-based newsletter that dives deep into the vast world of profitable properties, and since 2021, he has served as an adjunct professor at New York University. Ironically, we just published a sale-leaseback special report on the Wide Moat Research website…īrad Thomas is Senior Research Analyst at iREIT and CEO of Wide Moat Research LLC. VICI will purchase the land and real estate assets of The Venetian for $4.0 billion, for a total transaction value of $6.25 billion and simultaneous with the closing of the transaction, the Apollo Funds will enter into a long-term, triple net lease agreement for The Venetian with VICI. said that it has entered into a definitive agreement to acquire The Venetian Resort and Sands Expo and Convention Center Operating Company in Las Vegas. The big news today is that VICI Properties (OTC:VICI) announced a 60 million share secondary offering after Apollo Global Management, Inc.
Veni vidi vici symbol series#
So there you have it! Hopefully you’re learning something useful in this week-long series – something you can put to work the next time you come across a REIT you like the look of.
Veni vidi vici symbol professional#
“But I am saying that the results of these calculations could tip my professional opinion from nay to yay… or the opposite way around.” “I’m not saying that this is all you need to know… I look at plenty more information than this.
Veni vidi vici symbol how to#
The actual formula, as I noted, is Net Operating Income divided by the asset’s Current Market Value.Īnd since net operating income isn’t always the most plainly listed entry on a REIT’s profile, here’s how to calculate that as well: It’s Gross Operating Income minus Operating Expenses. Once you determine the NOI, you simply divide that by the cost of the property.” By examining the actual income (or rent) that the property generates and then deducting operating expenses (not including debt costs), the investor arrives at a property-level net operating income, or NOI. “The latter method is where cap rates come into play. As I explained in a Forbes article many moons ago (i.e., April 22, 2015), ‘There are many ways to value real estate, broadly speaking, and that consists of appraising the land and building, comparing comparable properties, calculating the value based on the rents being generated. “A cap rate… is the answer you get when you divide a rental property’s net operating income by its all-inclusive, bottom-line purchase price. “That and which ones aren’t worth your time… “This might very well be the most important calculation you make in deciding which REITs to bank on. And I calculate the cap rate… a simplistic yet invaluable tool that can tell me – and you – a lot about how safe or risky a REIT’s forward-thinking potential really is. Instead, I look into the details of what each one does. “I never, ever, ever go into a real estate investment trust blind. But follow along anyway, since it remains a very useful tool nonetheless… Yet the definition it contains still rings true.Īs with funds from operations (FFO) and adjusted funds from operations (AFFO), it isn’t necessarily completely cut and dry. Though, for this one, I’m going to go back to an article I wrote on May 10, 2019.Ī small lifetime ago, I know. Today, we’re going to be discussing capitalization rates, or cap rates. Welcome to Wednesday’s edition of “ I Met My Book Deadlines!”
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