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Recent Sale: Financials Reevaluation Cost of Capital After SVB Collapse
@Building_Benjamins：
Recent Sale: Financials Reevaluation Cost of Capital After SVB Collapse. We sold several financials and REITs last week as the collapse of Silicon Valley Bank$SVB Financial Group(SIVBP)$ was unfolding. Financials: US Bankcorp$U.S. Bancorp(USB)$ , Citigroup$Citigroup(C)$ . Both have taken on fixed income losses with interest rate increases. Thus, the tangible book value has taken a hit causing us to reconsider our valuation. REITs: Brandywine Realty Trust$Brandywine(BDN)$, Chicago Atlantic Realty Trust$Chicago Atlantic Real Estate Finance, Inc.(REFI)$, AFC Gamma$AFC Gamma, Inc.(AFCG)$. The cost of capital is increasing and will shrink distributable funds from operations which could result in distribution cuts. Stocks could react negatively to these events even though they look inexpensive. https://buildingbenjamins.com/stock-thoughts/dividend-stock-picks/recent-sale-financials-reevaluation-cost-of-capital-after-svb-collapse/
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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