CapLease, Inc. (NYSE:LSE)

CAPS Rating: 2 out of 5

A diversified real estate investment trust, that invests in single tenant commercial real estate assets subject to long-term leases to credit quality tenants.

Results 1 - 8 of 8

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Member Avatar Dreadz34 (46.43) Submitted: 7/11/2013 9:27:28 PM : Underperform Start Price: $8.37 LSE Score: +18.03

not worth the time

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3
Member Avatar SirCharms (< 20) Submitted: 6/10/2009 3:48:16 AM : Underperform Start Price: $2.34 LSE Score: -151.52

How long can LSE continue to bleed money before the credit tap is turned off? Commercial real estate has taken a beating. There's more rental property available than you can shake a fist at. I wouldn't bet on a recovery here - business is only going to get worse.

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0
Member Avatar Alwaysgolong (< 20) Submitted: 12/20/2008 7:16:02 AM : Underperform Start Price: $1.53 LSE Score: -331.05

Widespread layoffs and a credit crunch makes this a peanut butter and mustard sandwich if I ever saw one.
Sound good? Didn't think so. At the present time, this stock isn't a good idea either.

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1
Member Avatar Dapperatom (< 20) Submitted: 5/15/2008 3:58:52 PM : Outperform Start Price: $6.09 LSE Score: -6.04

I like the below $10 price and its potential for a good return.

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Member Avatar DHCInvestments (48.79) Submitted: 6/30/2007 10:38:27 PM : Outperform Start Price: $7.40 LSE Score: -24.70

picking this only for a weekto outperform

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Member Avatar ThatOneGuy801 (71.46) Submitted: 5/16/2007 10:43:55 AM : Underperform Start Price: $7.48 LSE Score: +26.57

it's easy - look at the chart - it isn't going anywhere... CAPS score leader on this stock is .59.

Gets a DOWN vote against the S&P... in real life it might be a nice stable stock to own, but against the S&P, it isn't going ANYWHERE.

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4
Member Avatar ThePessimist (99.33) Submitted: 3/29/2007 10:43:01 AM : Outperform Start Price: $7.16 LSE Score: -29.96

The real story here is valuation. The closest comparable company I can find, SFC, sold at 11.5x forecast ’07 FFO before its buyout offer, which was at 13.6x ’07 FFO. LSE had ’06 FFO of $0.93, with consensus estimates for ’07 and ’08 of $1.02 and $1.12. That means the current price is only 10.5x ’07 FFO. And SFC was discounted due to their ShopKo concentration; by contrast, the only customer with more than 10% involvement in LSE’s portfolio is the United States Government. LSE is also geographically diverse, with their greatest concentration being 11.5% in the Chicago metro area.

And that’s based on year-end numbers. On 3/16, the company announced they’re buying a $364.4M “diverse portfolio of 18 net leased real estate assets.” This will become 19% of their portfolio, diluting their existing concentrations.

The company is currently paying $0.20/Q, for a yield of 7.5%. With their ’06 FFO of $0.93, they have this dividend well covered.

Recs

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Member Avatar Luftwasche (< 20) Submitted: 1/8/2007 2:58:25 PM : Outperform Start Price: $7.32 LSE Score: -34.26

Jesus, this is so cheap. Very stong play on NNN leasing, and very good financing platform. LSE's lower cost of capital just kills other players.

Results 1 - 8 of 8

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