動画公開日：2023-03-13 05:39:04
I lost 90% on this REIT! REITs can lead to large losses if you pick the wrong ones. I take a look at what went wrong and what you can learn from my mistake so that you can avoid such losses. In short, I underestimated the leverage of the REIT because I underappreciated the impact of capex spending on the flexibility of its balance sheet. Not all my REIT investments are successful! You can access my entire REIT Portfolio by taking a 2-week free trial to my REIT newsletter, High Yield Landlord: https://seekingalpha.com/checkout?service_id=mp_1268 Please follow me on Twitter: https://twitter.com/askjussi and subscribe to my YouTube channel.
CBL & Associates Properties (CBL) went bankrupt during the pandemic and this REIT bankruptcy cost me over 90%. The issues: too much debt, mall assets, bad management, high capex, struggling department stores, and retailers defaulting on leases.
Many office REITs are facing similar issues regarding capex. This includes REITs like SL Green (SLG), Vornado Realty Trust (VNO), and Boston Properties (BXP).
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Image sources: CBL, Interactive Brokers, YCHARTS, Canva
Important Disclaimer: Leonberg Capital OÜ is long CBL. This video is impersonal and does not provide individualized advice or recommendations for any specific person. Viewers/readers should not make any investment decision without conducting their own due diligence and consulting their financial advisor about their specific situation. This video is for entertainment purposes only and you are responsible for your own investment decisions. The information is obtained from sources believed to be reliable, but its accuracy cannot be guaranteed. The opinions expressed are those of the publisher and are subject to change without notice. This YouTube channel is managed by Leonberg Research OÜ, a subsidiary of Leonberg Capital OÜ.
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