The first 5 months of the year has revealed relevant findings. Both Investor Confidence and Ownership Conviction are improving in the Real Estate/REIT space. Below we outline some findings on the most respected and disenfranchised Real Estate/REIT stocks on the BWI Shareholder Confidence Index based on our daily chats with global investors.
Welltower: As of May 31st, 2024, investor quality ratings and demand have earned Welltower the designation of a TopGun company, therefore it has been added to the Brendan Wood TopGun ETF (BWTG). (www.brendanwoodtopgunetf.com)
Digital Realty and Equinix: Investors see promising growth for both Digital Realty and Equinix. With the ever-accelerating demand driven by the booming AI and IT sectors, there’s strong confidence in the sustained long-term growth potential for these companies. Despite some of Digital Realty’s missteps, investor confidence in CEO, Andy Power, is improving. According to investors his decision-making abilities have proven effective during his tenure. Although Equinix has experienced a decline in stock price in recent months. there’s an optimistic outlook among investors, who view this as an opportunity for the company to rebound and be a potential turnaround.
Boardwalk: According to investors, Boardwalk REIT is maintaining its operational prowess, securing a stable market share in regions like Alberta and Saskatchewan, where rent controls are absent. Investors remain optimistic about the company’s long-term prospects.
Sun Communities: Sun Communities is facing hurdles as they contend with negative guidance revisions and perceived missteps, particularly concerning their UK business operations, which some investors view as “questionable”. There’s a view among some investors that there is insufficient transparency and management team lacks depth.
Below are the largest year-over-year investment quality changes at May 31st, 2024.
Largest Investment Quality Index Changes (YE May 2024 vs. YE May 2023):
Real Estate/REITs:
Boardwalk REIT +22%
Digital Realty Trust Inc +12%
Chartwell Retirement Residences +10%
Welltower Inc +8%
Dream Office REIT -7%
Allied Properties REIT -8%
Sun Communities Inc -11%
Northwest Healthcare Properties -15%
If you would like to subscribe to the BWI Shareholder Confidence Intel including full reports on individual companies with verbatim please send an email to jnovak@brendanwood.com, gpelaezherrrera@brendanwood.com or gpeck@brendanwood.com
About Brendan Wood International:
Brendan Wood International (BWI), formed in 1970, is a private advisory group which originates performance investigation programs in the capital markets. Brendan Wood Partners debrief large institutional investors worldwide on a daily basis. There are 2000+ live consultations with professionals overseeing +/- $60 trillion invested in the +/- 1400 big cap companies on the BWI Index. Relying on its real time performance intelligence, BWI advises public companies, institutional and activist investors, investment banks and broker dealers on strategy, performance and recruitment of TopGun talent. The firm’s partners have formally presented at 1000+ C level strategy meetings and corporate off-sites in fifty cities. Brendan Wood founded the exclusive TopGun Club, a performance based institution. Brendan Wood International is the research provider and sub-advisor to the Brendan Wood TopGun ETF (Ticker: BWTG)
Disclaimer:
All reports, evaluations and assessments contained herein, represent Brendan Wood International’s subjective judgment and opinions, based on our years of experience and on information obtained by us in the course of our research. Much of the factual information contained in the reports has been obtained by us from third parties on whose responses we have relied in good faith, independent verification by Brendan Wood International being, under the circumstances, impossible. While we believe that you will find our reports to be an invaluable tool in formulating your own strategies and judgments, the foregoing should be borne in mind. This report is not meant as investment advice and should not be interpreted as advising on the value of a company’s securities, the advisability of investing in, purchasing or selling any company’s securities or any other conclusion relating to investment/divestiture of a company’s securities. Finally, this report is not intended as an offer or solicitation for the purchase or sale of any company’s securities.
Related Links:
www.brendanwoodtopgunetf.com
www.brendanwood.com
@brendanwoodIntl
www.TopGunPress.com
Contacts:
Jordan Novak
Managing Partner
Brendan Wood International
+1 416 924 8110
jnovak@brendanwood.com
Gerso Pelaez
Field Director – Real Estate/REIT, Pipelines, Utilities & Renewables
Brendan Wood International
+1 416 924 8110
gpelaezherrera@brendanwood.com
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