Reported Earnings • Feb 26
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$1.25 (up from US$4.72 loss in FY 2020). Revenue: US$55.7m (down 67% from FY 2020). Net income: US$26.4m (up US$119.9m from FY 2020). Profit margin: 47% (up from net loss in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 30 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Jan 12
Upcoming dividend of US$3.27 per share Eligible shareholders must have bought the stock before 19 January 2022. Payment date: 18 January 2022. Trailing yield: 18%. Within top quartile of American dividend payers (3.5%). Higher than average of industry peers (2.8%). Upcoming Dividend • Dec 21
Upcoming dividend of US$3.27 per share Eligible shareholders must have bought the stock before 28 December 2021. Payment date: 18 January 2022. Trailing yield: 19%. Within top quartile of American dividend payers (3.7%). Higher than average of industry peers (2.9%). Reported Earnings • Nov 06
Third quarter 2021 earnings released: US$0.26 loss per share (vs US$3.48 loss in 3Q 2020) The company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2021 results: Revenue: US$14.6m (down 63% from 3Q 2020). Net loss: US$5.46m (loss narrowed 92% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has fallen by 40% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Oct 22
Upcoming dividend of US$22.04 per share Eligible shareholders must have bought the stock before 29 October 2021. Payment date: 28 October 2021. Trailing yield: 4.3%. Within top quartile of American dividend payers (3.5%). Higher than average of industry peers (2.9%). Recent Insider Transactions • Oct 01
Insider recently sold US$98m worth of stock On the 28th of September, Alexander Otto sold around 4m shares on-market at roughly US$26.25 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$99m more than they bought in the last 12 months. Price Target Changed • Aug 08
Price target increased to US$28.25 Up from US$24.75, the current price target is provided by 1 analyst. New target price is 14% above last closing price of US$24.69. Stock is up 78% over the past year. Reported Earnings • Aug 05
Second quarter 2021 earnings released: FFO US$0.94 per share (vs US$0.63 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$41.9m (up 6.7% from 2Q 2020). Funds from operations (FFO): US$19.2m (up 58% from 2Q 2020). FFO margin: 46% (up from 31% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • May 06
First quarter 2021 earnings released: EPS US$0.15 (vs US$0.66 loss in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: US$41.5m (down 18% from 1Q 2020). Net income: US$3.21m (up US$16.3m from 1Q 2020). Profit margin: 7.7% (up from net loss in 1Q 2020). Recent Insider Transactions • Mar 18
President recently sold US$257k worth of stock On the 16th of March, David Lukes sold around 15k shares on-market at roughly US$17.30 per share. This was the largest sale by an insider in the last 3 months. This was David's only on-market trade for the last 12 months. Reported Earnings • Mar 13
Full year 2020 earnings released: FFO US$2.84 per share (vs US$8.41 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: US$169.8m (down 27% from FY 2019). Funds from operations (FFO): US$56.2m (down 65% from FY 2019). FFO margin: 33% (down from 69% in FY 2019). Analyst Estimate Surprise Post Earnings • Mar 13
Revenue beats expectations Revenue exceeded analyst estimates by 0.2%. Over the next year, revenue is expected to shrink by 16% compared to a 4.9% growth forecast for the REITs industry in the US. Is New 90 Day High Low • Jan 27
New 90-day high: US$16.13 The company is up 27% from its price of US$12.69 on 28 October 2020. The American market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is up 10.0% over the same period. Is New 90 Day High Low • Jan 09
New 90-day high: US$15.71 The company is up 17% from its price of US$13.42 on 09 October 2020. The American market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is down 1.0% over the same period. Price Target Changed • Jan 07
Price target lowered to US$21.25 Down from US$29.00, the current price target is provided by 1 analyst. The new target price is 38% above the current share price of US$15.43. As of last close, the stock is down 57% over the past year. Recent Insider Transactions Derivative • Jan 02
Executive VP notifies of intention to sell stock Christa Vesy intends to sell roughly 4.33k shares in the next 90 days after lodging an Intent To Sell Form on the 29th of December. If the sale is conducted around the recent share price of US$14.22, it would amount to US$62k. Since March 2020, Christa's direct individual holding has decreased from 4.54k shares to 210.00. Company insiders have collectively bought US$52k more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions • Dec 31
Executive VP recently sold US$63k worth of stock On the 28th of December, Christa Vesy sold around 4k shares on-market at roughly US$14.57 per share. This was the largest sale by an insider in the last 3 months. This was Christa's only on-market trade for the last 12 months. Upcoming Dividend • Nov 24
Upcoming Dividend of US$1.16 Per Share Will be paid on the 12th of January to those who are registered shareholders by the 1st of December. The trailing yield of 7.8% is in the top quartile of American dividend payers (4.2%), and it is higher than industry peers (3.4%). Is New 90 Day High Low • Nov 11
New 90-day high: US$14.17 The company is up 5.0% from its price of US$13.45 on 12 August 2020. The American market is up 6.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the REITs industry, which is up 2.0% over the same period. Reported Earnings • Nov 08
Third quarter 2020 earnings released: US$3.48 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: US$40.0m (down 28% from 3Q 2019). Net loss: US$69.0m (down 196% from profit in 3Q 2019). お知らせ • Sep 26
An unknown buyer acquired Riverdale Village in Coon Rapids, Minneapolis from Retail Value Inc. (NYSE:RVI) for $70 million. An unknown buyer acquired Riverdale Village in Coon Rapids, Minneapolis from Retail Value Inc. (NYSE:RVI) for $70 million on September 24, 2020. Net proceeds were used to repay mortgage debt associated with Retail Value.
An unknown buyer completed the acquisition of Riverdale Village in Coon Rapids, Minneapolis from Retail Value Inc. (NYSE:RVI) on September 24, 2020. Is New 90 Day High Low • Sep 24
New 90-day low: US$11.44 The company is down 7.0% from its price of US$12.36 on 26 June 2020. The American market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is flat over the same period.