REITs keep reducing NAV discount amid an impending rally

seekingalpha08-13

Real estate investment trusts continued to lower their net asset value discount in July amid an impending REIT rally. Morgan Stanley continues to hold its stance that Wall Street will observe a soft ...

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Morgan Stanley continues to hold its stance that Wall Street will observe a soft ...</p>\n\n<a href=\"https://seekingalpha.com/news/4138794-reits-keep-reducing-nav-discount-amid-an-impending-rally\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>REITs keep reducing NAV discount amid an impending rally</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nREITs keep reducing NAV discount amid an impending rally\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-13 02:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4138794-reits-keep-reducing-nav-discount-amid-an-impending-rally><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Real estate investment trusts continued to lower their net asset value discount in July amid an impending REIT rally. Morgan Stanley continues to hold its stance that Wall Street will observe a soft ...</p>\n\n<a href=\"https://seekingalpha.com/news/4138794-reits-keep-reducing-nav-discount-amid-an-impending-rally\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CTRE","symbol_name":"CareTrust REIT Inc.","start_time":0,"source_url":"https://seekingalpha.com/news/4138794-reits-keep-reducing-nav-discount-amid-an-impending-rally","article_id":"2459930935","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1410520498/image_1410520498.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2459930935","pubTimestamp":1723487917,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Real estate investment trusts continued to lower their net asset value discount in July amid an impending REIT rally. 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Morgan Stanley continues to hold its stance that Wall Street will observe a soft landing as it estimates a continuing decline in inflation levels, which will in turn spur the Federal Reserve to start lowering interest rates as soon as the upcoming September meeting. \"Many REITs have commenced a rally anticipating a rate cut. However, we believe that there is plenty of room to run for REITs as shares remain undervalued,\" said Seeking Alpha author Brad Thomas. The sector ended the month at an 8.4% median discount to their consensus NAV per share estimate, data from S&P Global Market Intelligence showed. Comparatively, the median discount figure stood at 15.5% as of June 28, 16.5% at May 31 and 19.1% as of April-end. The hotel subsector continued to post the largest discount to NAV estimates. The subsector logged a median discount of 30.0% as of July 31, the report noted. Industrial Logistics Properties Trust (ILPT) was said to have reported the largest discount to its consensus NAV per share estimate, among REITs with a market capitalization of $200M and above. The industrial REIT finished the previous month at $5.14, a discount of 57.8% from its consensus NAV estimate of $12.18. Hudson Pacific Properties (HPP), RLJ Lodging Trust (RLJ), Brandywine Realty Trust (BDN), BRT Apartments (BRT), JBG SMITH Properties (JBGS), Summit Hotel Properties (INN), Pebblebrook Hotel Trust (PEB), Piedmont Office Realty Trust (PDM) and Host Hotels & Resorts (HST) were the other notable losers. Datacenter was reportedly a notable winner among subsectors, posting a premium to NAV consensus of 10.0%. A notable winner among REITs with above $200M market cap was the healthcare REIT Welltower (WELL). The REIT closed July at $111.25, a premium of 72.4% from the NAV estimate of $64.51. Other winners in the list were Iron Mountain (IRM), CareTrust REIT (CTRE), National Health Investors (NHI), Omega Healthcare Investors (OHI), Essential Properties Realty Trust (EPRT), Sabra Health Care REIT (SBRA), Ventas (VTR), SL Green Realty (SLG) and Digital Realty Trust (DLR).","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.26.4","shortVersion":"4.26.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2459930935"}