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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (64969)	9/26/2020 9:55:50 AM
From: E_K_S	Respond to of 78777

In the past I considered Non-Us properties a net negative but maybe it's time I change my thinking. Another differentiator is W.P. Carey's large exposure to international markets, mostly in Europe (35% of sales). Management has long believed that the U.S. retail property market is overbuilt (which has since proven true), and so the company has focused on more profitable opportunities abroad. Then this announcement last week from one of the largest and most successful Reits operations: Realty Income Corporation (O) Realty Income prices sterling-denominated senior unsecured notes offering Sep. 23, 2020 1:50 PM ET\|About: Realty Income Corporation (O) Realty Income Corporation (NYSE: O) has priced public offering of £400M of 1.625% senior unsecured notes due December 15, 2030 at 99.191% of the principal amount for an effective annual yield to maturity of 1.712%. Net proceeds will be used to repay GBP-denominated borrowings outstanding under the company's $3B revolving credit facility, to settle an outstanding GBP/USD foreign exchange swap arrangement, to fund potential investment opportunities and for other general corporate purposes. Offering is expected to close on October 1, 2020. ------------------------------- O has 23 properties in the UK representing 3.1% of their portfolio. Maybe they are planning on buying more properties in UK and or Europe. ----------------------------------------------------------------------------- So O w/ only 3.1% in Foreign holdings, looks to be shopping around for more investments. Carey already has a 35% exposure and a pretty good history (according to the article) of operating in that environment. I still think there is/are potential 'Political' risks in operating in other Countries but I suppose that could be said about operating in the US especially in certain States (like CA & NY). EKS

To: Paul Senior who wrote (64969)	9/26/2020 4:19:09 PM
From: Madharry	Read Replies (1) \| Respond to of 78777

thanks. i am adding it to my watch list. i have a couple of others too. Its nice to know that if you can accept some volatility you can get 6% on your portfolio over time with reasonable safety. I am in the red on ori and aig for now. but I think they will recover eventually . iep dropped to a bargain low price before recovering a lil. but i am fully loaded on that one . I have a large cash position and probably not going to deploy into stocks until after the election unless i can get my desired buy in levels. dont see a need to chase anything right now.