+ Watch EXL
on My Watchlist
Very similar to another company I have a CAPS call on - ROIC. Also a young company that invests in shopping center real estate and is run by an experienced management team. The difference is that EXL is smaller and cheaper based on valuation metrics (P/AFFO, P/B, P/CF, etc.). Add that to the fact that REITs have been hammered lately by tapering concerns, and I think that this is probably a safe long-term bet.
Well-managed retail REIT with favorable price/AFFO.
CAPS player MJKPayday
Excels Trust's portfoilio consists of 26 assets in 14 states Co. leases space primarly to grocery& pharmacy down town properties are 94% occupied average lease term of 7 Yr. modest debt 5.6% div $ 6.2%
Pretty cheap with a good yield.
A little like ROIC...http://seekingalpha.com/article/274922-excel-trust-s-innovative-strategy-should-generate-20-annual-returns?source=email_most_popular
It's amazing how similar Excel Trust's (EXL) story is to ROIC...a relatively new REIT that was formed to purchase shopping centers with industry veterans serving as management.EXL recently raised its quarterly dividend to $0.15, giving it a 5.0% yield. I expect this payout to continue to rise as the company prudently adds properties to its portfolio.Deej
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