Post by BJohnson1979on Nov 06, 2019 9:57am
112 Views
Post# 30315150
Nice set up
Nice set upYielding 4.68% but not for long. US 10-year at 1.72% just to give you some sense of the gap.
Their same store revenue and NOI growth was positive too.
SStore revs grew by 6.6% and NOI by 8.1% better than a good number of private equity firms and public peer Camden. Camden has more debt but of course is a 4x the size of IRT.
Given IRTs success in growing Revenus and Net Operating Incomes and given the yield investors are offered on IRT vs Camden (2.8%) .
IRT really gives you access to a private equity quality portfolio for a fraction of the cost and you get paid monthly vs quarterly.
Camden and IRT both correctly choose to avoid Oregon and California and if anything you give the cities premium to Camden for having more exposure to Texas.