Bill Stoller

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  • How Technology Helps This Sector Outperform the S&P 500

    By Bill Stoller - August 18, 2013 | Tickers: CUBE, EXR, PSA, SSS

    " … I would like to challenge someone on this call to write a very thoughtful piece on the Self Storage sector to paint us with the different brush." -- CubeSmart CEO Dean Jernigan Aug. 9, 2013

    Mr. Jernigan was trying to point out that self-storage REITs will perform well in a rising interest rate environment that is expected to result from the Federal Reserve "tapering" of quantitative easing.  In fact it appears more »

  • How Does "Storage Wars" Beat "Million Dollar Listing"?

    By Bill Stoller - August 15, 2013 | Tickers: AMH, PSA, SBY

    American Homes 4 Rent (NYSE: AMH) recently filed its IPO in the shadow of the lackluster stock performance of two smaller companies who paved the way in the single-family for rent REIT sector, Silver Bay Realty (NYSE: SBY), and American Residential Properties.   American Homes founder B. Wayne Hughes is respected for having successfully built Public Storage (NYSE: PSA) into the third largest REIT in the U.S., comprised of 2 more »

  • How Can an "All in" Bet Pay You Dividends?

    By Bill Stoller - August 7, 2013 | Tickers: DCT, MNR, REXR, STAG

    Rexford Industrial (NYSE: REXR) is an industrial REIT focused on Southern California that began trading publicly on July 19. Competitors in this sector include Stag Industrial (NYSE: STAG), Monmouth Real Estate (NYSE: MNR), and DCT Industrial (NYSE: DCT). Although they are in the same sector, each of these companies has a very different investment philosophy. I am going to briefly compare and contrast how they each operate. The three companies more »

  • Industrial Strength: Can the "New Kid" Compete?

    By Bill Stoller - August 3, 2013 | Tickers: DCT, MNR, STAG

    Rexford Industrial (NYSE: REXR) is an industrial REIT which began trading publicly on July 19, 2013.  Competitors in this sector include:  Stag Industrial (NYSE: STAG), Monmouth Real Estate (NYSE: MNR), and DCT Industrial (NYSE: DCT).  Although they are in the same sector, each of these companies has a very different investment philosophy.    I am going to briefly compare and contrast how they each operate. 

    Compare and contrast overview:

    Rexford Industrial more »

  • Can a Sharp "Move" Deflate Zillow and Trulia?

    By Bill Stoller - July 31, 2013 | Tickers: MOVE, TRLA, Z

    Just like millions of other investors, I have free "apps" on my smartphone that can provide and map residential real estate listings.  This information is aggregated by Zillow (NASDAQ: Z), Trulia (NYSE: TRLA) and Move (NASDAQ: MOVE).  They also curate related content, and offer useful tools for brokers and consumers.  Advertising by real estate brokers and their agents are the primary source of income for these websites.  It is great more »

  • Is American Tower Really a Strong Sell?

    By Bill Stoller - July 22, 2013 | Tickers: AMT, CCI, SBAC

    Carson Block, CEO of Muddy Waters Research, dropped a "blockbuster" on American Tower (NYSE: AMT) during a featured interview early July 17 on Bloomberg TV .  The worst accusations targeted American Tower's reporting and business practices in "emerging and frontier" markets.  An accounting discrepancy regarding a purchase of communication tower assets in Brazil was discussed at length.  Mr. Block also spoke about American Tower’s REIT status as being “just more »

  • Can This Retailer "Build" a Profitable Future?

    By Bill Stoller - July 17, 2013 | Tickers: AMT, DLR, SHLD

    Predicting what Sears Holdings (NASDAQ: SHLD) might look like in three to five years brings to mind the parable about the blind man and the elephant.  It really does depend upon which part of the Sears story you feel most comfortable grasping.  We all know that Sears has been struggling to become more competitive with fellow retailers:  Wal-Mart, Target, Macy's and Kohl's.   Sears has also rolled out a more »

  • Amazon and Sears: Strange Bedfellows or a Match Made in Heaven?

    By Bill Stoller - July 1, 2013 | Tickers: AMZN, DLR, SHLD

    Sears (NASDAQ: SHLD) is struggling to be a relevant and profitable retailer. Its quarterly sales have decreased steadily for 24 consecutive quarters. Sears most recently reported a $247 million loss of $2.63 per share for the quarter ending May 3. The company's SEC filings reveal a significant amount of debt, as well as substantial pension fund liabilities. Sears still controls valuable consumer brands:  Craftsman, DieHard and Kenmore as more »

  • Single-Family REIT IPOs: Too Early for Wall Street?

    By Bill Stoller - June 25, 2013 | Tickers: RESI, ARPI, SBY, BX

    Editor's Note: This article has been updated to change International Homes to Invitation Homes.

    "…single-family homes are cheap now, too. If I had a way of buying a couple hundred thousand single-family homes, and had a way of managing them -- the management is an enormous problem because they are one by one -- they are not like apartment houses. I would load up on them …" -- Warren Buffett, from a Feb more »