RE:RE:RE:RE:RE:RE:RE:RE:RE:TD's Upgrading to ACTION LIST BUY from Buy; Q2/21 Results malx1 wrote: autofocus111 wrote: Funny guy. Per the RBC update retired posted the 'moderation' apparently applies to new leases not just renewals. I still find the choice of words unusual given the strong market in AB. As far as an exit at $70 instead of $65 this is not about not liking the company (although I firmly believe a higher dividend is warranted), it's about the valuation. I aim to maximize my return and if analyst upgrades and exuberance of posters like you can attract more investors to get it there that's great.
>>>Boardwalk is adopting “strategic moderation” in its renewal rent growth. In AB, it is achieving (and targeting) 7-9% on renewals and 10-15% on new leases.
Tough to admit when you're wrong, hey?
If you were bearish on BEI, then holding it for years while incessently complaining is irrational behaviour.
Might be good for you to do a little self assessment.
The psychology of investing.
You suffer from anchoring bias and loss aversion.
[url=https://https://www.financestrategists.com/wealth-management/investor-psychology/#:~:text=Investor%20psychology%20is%20the%20study,%2C%20holding%2C%20or%20selling%20investments.][/url]
Maybe next time you can avoid a decade of stress and frustration by not repeating the same mistakes.
Yes, new tenants who commit to long-term rental agreements may qualify for discounts as well. All very normal language for hi quality business relationships.
I know this company, I have worked for them indirectly. Founders and management best of class. They are 100x smarter than the retail shareholders complaining about the business model.
It's simple. When you don't like a stock, you sell it.
Plenty more fish in the sea.
A good read:
https://www.investopedia.com/articles/05/032905.asp There really isn't anything to complain about at BEI.
What I think has happened is that your personal Investment Objectives have changed along the way.
If you're seeking hi-yield, then there's plenty more REITs that pay much larger amounts of AFFO.
Stick around. Would rather see you hit $80+ than exit now and languish in a hi-yield REIT.
I'm starting to feel like REITs are going to be more volatile and vulnerable at 5% BOC rates.
There will be casualties in the coming years. We need lending rates to remain at 6-8% to weed out all the overleveraged operators and DIY landlords.
Yes, I'm busting your tennis balls because I've never seen someone complain so frequently about a business that just keeps getting stronger.
Going back pre-pandemic, I was more bullish than ever when Executives here decided to axe the distribution in favour of internal CAPEX to build NAV.
And over the years, we can see their strategy worked. All while the distribution was muted.
There may come a day when they announce a meaningful distribution increase but no sense waste capital on shareholders when you can successfully invest internally at above-average rates of return.
Anyone can go buy GICs for 5%. Almost no risk.
The choice is ours!!
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Now about these analysts. You're right. They follow the flavour of the month, or quarter, or year.
Many firms had a sell or Strong sell on BEI back when the distribution was cut.
Now they all jump back on board when they see company progressing.
Analyst opinions change with the weather. They are good for background noise, and cattle fodder.
All we need to do is watch the NAV per unit.
Cheers