Sale and leaseback – Last Jeudi http://lastjeudi.org/ Tue, 20 Jul 2021 22:53:40 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://lastjeudi.org/wp-content/uploads/2021/03/cropped-icon-1-32x32.png Sale and leaseback – Last Jeudi http://lastjeudi.org/ 32 32 RE Royalties provides company update and declares quarterly dividend payment to shareholders https://lastjeudi.org/re-royalties-provides-company-update-and-declares-quarterly-dividend-payment-to-shareholders/ https://lastjeudi.org/re-royalties-provides-company-update-and-declares-quarterly-dividend-payment-to-shareholders/#respond Tue, 20 Jul 2021 16:55:00 +0000 https://lastjeudi.org/re-royalties-provides-company-update-and-declares-quarterly-dividend-payment-to-shareholders/ VANCOUVER, BC / ACCESSWIRE / July 20, 2021 / RE Royalties Ltd. (TSXV: RE) (“RE Royalties” or the “Company”), a global leader in renewable energy royalty-based financing, is pleased to announce the following corporate updates. Updating transactions The Company has a strong portfolio of potential royalty funding opportunities and is in advanced talks on several […]]]>

VANCOUVER, BC / ACCESSWIRE / July 20, 2021 / RE Royalties Ltd. (TSXV: RE) (“RE Royalties” or the “Company”), a global leader in renewable energy royalty-based financing, is pleased to announce the following corporate updates.

Updating transactions

The Company has a strong portfolio of potential royalty funding opportunities and is in advanced talks on several opportunities that have a cumulative transaction value of C $ 46.8 million, and include the following:

  • Renewable Natural Gas 1: $ 8.5 million loan and royalty acquisition from two renewable natural gas projects located in the United States. The loan will be used to complete the conversion of an existing facility and the construction of a second facility to convert agricultural waste from local dairy farms into renewable natural gas.

  • Battery Storage 1: Acquisition of $ 12.5 million royalties with a US company to finance the production of utility-scale mobile battery storage units for sale and lease to utilities utilities in the United States.

  • Battery Storage 2: $ 5.8 million in sale-leaseback and royalty acquisition with a Canadian company to fund a battery-powered electric generator rental program for a major utility located in California. The battery-powered generators are portable and will be used for emergency back-up power to help the utility build grid resiliency during California fire season.

  • Battery Storage 3: $ 10 million loan and royalty acquisition with a Canadian company to finance the acquisition of a portfolio of operational battery storage projects on a commercial scale and to finance the construction of a second portfolio of battery storage projects, located in Ontario.

  • Battery Storage 4: As previously announced on March 29, 2021, the Company entered into a non-binding letter of intent for a $ 10 million loan and royalty acquisition with Canigou Molonglo Bess Pty Ltd. (“Canigou”) to finance a megawatt battery storage project located near Canberra, Australia. The Company continues to advance due diligence with Canigou with the goal of closing the transaction in the fourth quarter of this year.

The above pipeline opportunities are always subject to the completion of due diligence to the satisfaction of the Company, the negotiation of final documents, the satisfaction of the usual conditions precedent for each transaction and the approval of the Board. administration of the Company. No guarantee is given that any or all of the opportunities will result in a completed transaction.

Declaration of dividend

The Company is also pleased to announce that the Board of Directors of the Company has declared a cash distribution of $ 0.01 per issued and outstanding common share for the quarter ending June 30, 2021.

The distribution is payable on August 25, 2021, to shareholders of record on August 4, 2021.

The distribution is designated by the Company as a dividend for the purposes of the Income Tax Act (Canada) and any similar provincial or territorial legislation. The cumulative amount of dividends declared for fiscal 2021 was $ 0.02 per common share.

Bernard Tan, CEO of the company, commented: “The demand for our royalty financing solutions continues to be strong and we are very pleased to be able to provide another dividend to our shareholders. Our team is committed to growing our royalty portfolio and we are currently reviewing a number of different transactions that will provide our investors with a strong and growing return. “

On behalf of the Board of Directors,

Bernard Tan
CEO

About RE Royalties Ltd.

RE Royalties acquires royalties based on revenues from renewable energy production facilities by providing a non-dilutive financing solution to private and publicly traded companies producing and developing renewable energy. RE Royalties is the first to apply this proven business model to the renewable energy sector. The Company currently holds 84 royalties on solar, wind and hydroelectric projects in Canada, Europe and the United States. The Company’s business objectives are to provide shareholders with strong and growing returns, strong capital protection, a high growth rate through reinvestment and a sustainable investment focus.

For more information, please contact:

Investor contact:

Renmark Financial Communications Inc.
Daniel Gordon: dgordon@renmarkfinancial.com
Phone. : (416) 644-2020 or (212) 812-7680
www.renmarkfinancial.com

Media contact:

RE Royalties
Talia Beckett: taliabeckett@reroyalties.com
Phone: (778) 374‐2000
www.reroyalties.com

Social media:

Instagram: https://www.instagram.com/reroyalties
Facebook: https://www.facebook.com/RERoyalties
LinkedIn: https://www.linkedin.com/company/28133045
Twitter: https://twitter.com/RERoyalties

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking statements

This press release contains forward-looking information and forward-looking statements (collectively, “forward-looking information”) concerning the Company and within the meaning of Canadian securities laws. Forward-looking information is generally identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those which, by their nature, refer to future events. This information represents forecasts and actual events or results may differ materially. Forward-looking information may relate to the future prospects of the Company and anticipated events or results and may include statements regarding the Company’s financial results, future financial condition, expected growth in cash flows, business strategy, budgets, projected costs, projected capital expenditures, taxes, plans, goals, industry trends and growth opportunities. The reader is encouraged to consult the most recent Company documents on SEDAR for a more complete discussion of all applicable risk factors and their potential effects, copies of which can be viewed through the Company’s profile page at ‘address www.sedar.com.

SOURCE: RE Royalties Ltd.

See the source version on accesswire.com:
https://www.accesswire.com/655896/RE-Royalties-Provides-Corporate-Update-and-Declares-Quarterly-Dividend-Payment-to-Shareholders



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Apollo Withdraws Offer For Morrisons, But May Join Fortress-Led Offer https://lastjeudi.org/apollo-withdraws-offer-for-morrisons-but-may-join-fortress-led-offer/ https://lastjeudi.org/apollo-withdraws-offer-for-morrisons-but-may-join-fortress-led-offer/#respond Tue, 20 Jul 2021 11:39:36 +0000 https://lastjeudi.org/apollo-withdraws-offer-for-morrisons-but-may-join-fortress-led-offer/ Morrisons private equity bidder Apollo withdraws solo bid for supermarket group but looks to join £ 6.3bn rival Fortress Morrisons initially rejected a £ 5.5bn takeover bid from Clayton, Dubillier & Rice Apollo said earlier this month he was considering an offer for the supermarket Latest Apollo approach could temper a potential bidding war for […]]]>

Morrisons private equity bidder Apollo withdraws solo bid for supermarket group but looks to join £ 6.3bn rival Fortress

  • Morrisons initially rejected a £ 5.5bn takeover bid from Clayton, Dubillier & Rice
  • Apollo said earlier this month he was considering an offer for the supermarket
  • Latest Apollo approach could temper a potential bidding war for Morrisons

Apollo Global Management has said it will not make a takeover bid for Morrisons but may join the consortium whose £ 6.3bn offer for the grocer was accepted earlier this this month.

The private equity giant said it was in “preliminary talks” with Fortress Investment Group, which could temper a potential bidding war between rival investment firms for the supermarket chain.

Morrisons’ first takeover offer this year came from New York-based Clayton, Dubillier & Rice (CD&R) in June, but it rejected the £ 5.5bn deal over fears the offer could is too low.

Change: Apollo said earlier this month it was considering buying Morrisons, but has now said it could join the Fortress-led consortium’s bid for the supermarket

But soon after, he agreed to a 254 pence per share offer led by Fortress, owned by Softbank, and also including Koch Real Estate Investments and the Canada Pension Plan Investment Board (CPPIB).

Within 48 hours, however, Apollo said he was considering buying Morrisons, which sent the supermarket’s stock price up 11%.

He has now withdrawn from a takeover bid and has entered into new discussions which he believes “could result in the funds managed or advised by Apollo being part of the investment group led by Fortress for the purposes of of the Fortress offer “.

“As a result of these discussions, Apollo confirms that it does not intend to make an offer for Morrisons other than as part of the Fortress Offer.”

He added: “Apollo notes Fortress’s intentions with respect to the Morrisons company and all of its stakeholders, as set out in the announcement of Fortress’s offer … If these discussions resulted in a transaction, Apollo would fully support the intentions. statements of Fortress regarding Morrisons. ‘

Politicians have raised concerns about the takeover and warned that any new owner could strip assets and reduce workers’ rights.

The chairman of Parliament’s trade, energy and industrial strategy select committee has written to the UK competition body asking what powers it has to ensure that consumers and supermarket workers are protected against any future deals.

There is also growing concern that foreign private equity firms will take advantage of the relatively low price of UK firms to buy them at a discount.

Domestic concerns: There is growing concern that foreign private equity firms will take advantage of the relatively cheap price of UK firms to buy them at a discount

Domestic concerns: There is growing concern that foreign private equity firms will take advantage of the relatively cheap price of UK firms to buy them at a discount

Among those ripped off this year are St Modwen Properties, which agreed to a £ 1.27 billion approach from Blackstone, infrastructure investor John Laing, Signature Aviation and Butlin owner Bourne Group.

Morrisons is viewed as a good target by private equity firms as it owns the vast majority of freehold ownership in its stores and has a large manufacturing supply chain.

Fortress stressed that it intends to continue operating with the same management team, has not sold any of its freehold or long-term lease properties after purchasing Majestic Wines in 2019 and “does not consider not to engage in significant “store sale and leaseback” transactions at Morrisons.

Susannah Streeter, investment analyst at Hargreaves Lansdown, said shareholders would find Apollo’s latest move “disappointing” because it means the value of the Fortress-led takeover is unlikely to be increased.

Shares of the Bradford-based supermarket were flat early in trading this morning, falling just 0.15% to 261.6 pence. Nonetheless, its shares have grown another 44% so far this year.

Streeter added: Morrisons’ ‘Fortress’ valuation valued the grocer at around £ 6.3 billion and was a 42% premium to the share price before the deal began. If Apollo can close the deal at the current lower price, why wouldn’t it?

“The increase in private equity activity in London in recent months means there may be more arms raised in the auction room, but for now Morrisons is back to courting a single suitor.”

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3 Ways Healthcare Systems Can Leverage Real Estate For Savings, Growth https://lastjeudi.org/3-ways-healthcare-systems-can-leverage-real-estate-for-savings-growth/ https://lastjeudi.org/3-ways-healthcare-systems-can-leverage-real-estate-for-savings-growth/#respond Mon, 19 Jul 2021 20:57:06 +0000 https://lastjeudi.org/3-ways-healthcare-systems-can-leverage-real-estate-for-savings-growth/ Hospitals and healthcare systems can realize untapped savings by better managing their real estate footprint and strategy, according to a July 19 report from real estate firm JLL. The report analyzed ways in which providers can improve cost management, care coordination and patient access through real estate strategies that promote systematization. “Real estate can be […]]]>


Hospitals and healthcare systems can realize untapped savings by better managing their real estate footprint and strategy, according to a July 19 report from real estate firm JLL.

The report analyzed ways in which providers can improve cost management, care coordination and patient access through real estate strategies that promote systematization.

“Real estate can be a way to achieve greater benefits from systematization, and the performance of real estate assets can be improved by a more systematic operational approach,” JLL said. “It’s a mutually beneficial relationship that improves value for both owners and occupants over the long term.”

Here are three strategies for leveraging real estate to grow and save money, according to JLL:

1. Establish a solid localization strategy. Places of care influence brand perception, patient access and the experience of care, which makes these decisions important, JLL said. To determine the best opportunities for growth, healthcare systems should use location analysis and demographic trends, according to JLL.

2. Create integrated facilities management programs. Having facility management programs in place can generate savings and prevent deferred building maintenance, JLL said. Having an integrated plan can pool risk while aligning resources, mitigating duplication, and reducing solos. One of the best ways to ensure an integrated program is to collect data on the facilities themselves, including usage rates, energy consumption, and maintenance schedules.

3. Increase the value of real estate through systematization. Typically, more integrated health systems have better credit scores than less integrated systems or individual hospitals, JLL noted. Credit strength can be used to negotiate more favorable rental terms or generate higher returns in the event of a sale or leaseback transaction. As a result, the integration of real estate locations is beneficial for real estate value. “Systematization can create value for real estate assets that healthcare systems can monetize, allowing systems to redeploy capital to expand or modernize healthcare delivery or use to fund other priorities,” JLL said .

Access the full report here.



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Gulf governments take bigger share of McLaren supercar group https://lastjeudi.org/gulf-governments-take-bigger-share-of-mclaren-supercar-group/ https://lastjeudi.org/gulf-governments-take-bigger-share-of-mclaren-supercar-group/#respond Sun, 18 Jul 2021 13:21:42 +0000 https://lastjeudi.org/gulf-governments-take-bigger-share-of-mclaren-supercar-group/ McLaren S Orange Novitec getty Gulf sovereign wealth funds increased their stakes in the McLaren automotive group, with Saudi Arabia’s Public Investment Fund (PIF) taking over from Bahrain’s Mumtalakat as a shareholder. McLaren is best known as a producer of luxury supercars and for competing in Formula 1 and IndyCar races. The group has announced […]]]>


Gulf sovereign wealth funds increased their stakes in the McLaren automotive group, with Saudi Arabia’s Public Investment Fund (PIF) taking over from Bahrain’s Mumtalakat as a shareholder.

McLaren is best known as a producer of luxury supercars and for competing in Formula 1 and IndyCar races.

The group has announced in recent days that it has raised £ 550m ($ 757m) in new capital, including £ 400m in preferred shares of alternative investment manager Ares Management Corporation and the Saudi government’s PIF.

Existing shareholders, including Mumtalakat and a number of new private investors, are also investing an additional £ 150million in convertible preferred shares, to enable repayment of a loan received in June 2020 from the National Bank of Bahrain.

The company said fundraising operations are subject to certain conditions, including raising new senior secured finance to refinance existing debt.

It is not clear how much equity fundraising involves. From April of this year, the main shareholder of the group was Mumtalakat which held 56% of the common shares of the McLaren group and 68% of its preferred shares.

The second largest shareholder was TAG Group, which owned 14% of McLaren’s common stock and 14.5% of the preferred stock.

Pandemic financing

McLaren’s new fundraiser is the latest in a series of deals for the group as it tries to deal with the impact of the Covid-19 pandemic.

In June 2020, McLaren announced that it had secured £ 150million in funding without naming the source. He later emerged the money had been in the form of a 12 month loan from the National Bank of Bahrain (NBB), which is 44% possesses by Mumtalakat. In August, McLaren announced its intention to raise equity “in the near future in order to subscribe to this short-term financing”.

In December of last year, US sports investment group MSP Sports Capital and other investors acquired a significant minority stake in McLaren’s racing division.

In April of this year, McLaren announced a sale and leaseback of its head office in Woking, in order to raise additional capital.

McLaren last year withdrew his sponsorship of the Bahrain McLaren professional cycling team after a season. The team has since been rebranded as Bahrain Victorious and has enjoyed an eventful Tour de France, which ends today – with three stage wins at the time of writing as well as an investigation into doping allegations.



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4 things about innovative industrial properties that smart investors know https://lastjeudi.org/4-things-about-innovative-industrial-properties-that-smart-investors-know/ https://lastjeudi.org/4-things-about-innovative-industrial-properties-that-smart-investors-know/#respond Sat, 17 Jul 2021 10:49:00 +0000 https://lastjeudi.org/4-things-about-innovative-industrial-properties-that-smart-investors-know/ Innovative industrial properties (NYSE: IIPR) is one of the most prominent and stable competitors in the cannabis industry, but you won’t find it selling joints. In fact, when it comes to joints, it is a Buyer. When a medical marijuana business needs money to grow but only has real estate on hand, it can sell […]]]>


Innovative industrial properties (NYSE: IIPR) is one of the most prominent and stable competitors in the cannabis industry, but you won’t find it selling joints. In fact, when it comes to joints, it is a Buyer. When a medical marijuana business needs money to grow but only has real estate on hand, it can sell the joint. in law) where he grows cannabis to IIP, which then re-leases him as the owner.

As evidenced by its continued efforts to build an empire of medicinal cannabis production facilities, IIP is not a real estate investment trust (REIT). For now, it is the only one of its kind. And while the stock could benefit massively from the big changes that would come with the legalization of cannabis in the United States, savvy investors know there are a handful of powerful but more subtle factors in its favor that deserve to be known.

Image source: Getty Images.

1. Vacancies are highly unlikely

The beauty of Innovative Industrial’s business model is that there is very little chance that any of its properties will be vacant. As mentioned earlier, the company does sale-leaseback transactions in which it purchases operating cannabis cultivation facilities and then re-leases them to the previous owners immediately thereafter. The occupants of the unit stay where they are, and their business takes over their ongoing rent payments to the new owner, IIP.

Even though the tenants were at risk of being insolvent before the leaseback, the injection of money from the sale of their property is probably enough to grease the wheels for a while – assuming a near-insolvent business can pass. strict control of IIP guaranteed, of course.

All in all, the combination of properties leased upon acquisition and careful appraisal of potential tenants is a rock-solid defense against vacancies. As of July 6, IIP’s holdings were 100% leased, and it’s entirely reasonable for investors to assume that this will continue to be the case for the foreseeable future, even if the company acquires new premises.

2. The income from existing leases increases every year and the property value could also

One of the best features of this stock is that it doesn’t rely on the growth of its underlying market (cannabis) to continue to expand its revenue base.

Even if IIP does not do any sale-leasebacks in a given year, it will still earn more rent money than the previous year. The reason is quite simple: it is mandatory. Under the terms of most of its leases, the company insists on annual rent increases of up to 4.5%.

Obviously, this means that his rental income is compounded over time. And with most of its leases lasting 10 to 20 years, there is ample time for individual lease income to grow, grow and grow. Currently, for all of its properties, the weighted average remaining lease term is 16.7 years.

It is important to note that IIP real estate could also increase in value over the long term. When its tenants wish to make certain additions or modifications to their accommodation, the company reimburses them part of the costs. The value of the units then increases, as other cannabis companies might want to use the new facilities. This is favorable for shareholders, as it allows IIP to continue to reinvest some of its excess cash in its collection and leaves it better prepared to obtain higher rates from future tenants.

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3. The dividend will probably continue to increase

Since its inception in the second quarter of 2017 at $ 0.15 per share, IIP’s dividend has increased to $ 1.40 in the second quarter of 2021. And although its growth has stagnated at times for a few quarters, the company has so far always managed to increase it soon after.

While its current dividend yield of around 2.81% isn’t particularly appealing to new investors, the allure of a sharply increasing payout over time is hard to deny. Every time the dividend goes up, holders see the base price of their shares go down.

In the most recent increase, announced on June 15, payment increased 6% from the previous quarter and 32% from the second quarter of the previous year.

Savvy investors also recognize that IIP’s dividend is extremely secure. As long as he has tenants, there is not much that can threaten his bottom line.

4. Legalization could be a mixed blessing

Part of the appeal of IIP to its tenants is that they may find it difficult to obtain financing through traditional channels like banks. As cannabis is still federally illegal in the United States, many payment processors and other financial institutions refuse to work with medicinal marijuana companies. Thus, IIP fills the void by giving them access to capital.

But it’s unclear whether tenants will still need his services if marijuana is legalized nationwide. Once banking restrictions are relaxed, it could be more lucrative for businesses to simply take out a loan and retain control over their real estate. This would make it much more difficult for IIP to acquire new tenants and new properties, although it could still rely on income from its existing leases.

At the moment, management appears to view the growth of the company’s total addressable market as a positive thing. And the company could potentially work with growers who need cash in addition to the capital raised from traditional banking institutions after legalization. In short, savvy investors realize that legalization can be a wildcard.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are heterogeneous! Challenging an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.



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African states ask for $ 100 billion for the World Bank’s Development Fund https://lastjeudi.org/african-states-ask-for-100-billion-for-the-world-banks-development-fund/ https://lastjeudi.org/african-states-ask-for-100-billion-for-the-world-banks-development-fund/#respond Sat, 17 Jul 2021 05:54:33 +0000 https://lastjeudi.org/african-states-ask-for-100-billion-for-the-world-banks-development-fund/ The World Bank said leaders of 23 African countries on Thursday called for a $ 100 billion replenishment of the International Development Association (IDA), the global lender’s fund for the world’s poorest countries. Leaders set the target in a joint statement following a summit in Abidjan, Côte d’Ivoire, the World Bank said in a statement. […]]]>


The World Bank said leaders of 23 African countries on Thursday called for a $ 100 billion replenishment of the International Development Association (IDA), the global lender’s fund for the world’s poorest countries.

Leaders set the target in a joint statement following a summit in Abidjan, Côte d’Ivoire, the World Bank said in a statement.

World Bank member countries normally replenish IDA every three years, setting its previous financial package at $ 82 billion to cover fiscal years 2021-2023. But in April, the bank launched an early replenishment round after massive aid given to help countries cope with the COVID-19 pandemic slashed IDA resources.

The World Bank aims to complete the 20th IDA replenishment in December, covering fiscal years 2023-2025.

The African leaders’ statement marks the first call for a $ 100 billion replenishment target.

The leaders gathered in Abidjan are from Angola, Benin, Burkina Faso, Cameroon, Ivory Coast, Democratic Republic of Congo, Ethiopia, Ghana, Guinea, Guinea Bissau, Kenya, Liberia, Madagascar, Mauritania, Mozambique, Niger, Nigeria , Uganda, Rwanda, Senegal, Sudan, Tanzania and Togo.




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2 actions that earn you money every month https://lastjeudi.org/2-actions-that-earn-you-money-every-month/ https://lastjeudi.org/2-actions-that-earn-you-money-every-month/#respond Thu, 15 Jul 2021 12:04:00 +0000 https://lastjeudi.org/2-actions-that-earn-you-money-every-month/ Do you want to become more financially independent? Supplementing your income with investments can be a big step in this direction. Investing in stocks for the long term is a great way to build wealth for years to come. But unless these stocks pay dividends, they won’t do much to help pay your bills in […]]]>


Do you want to become more financially independent? Supplementing your income with investments can be a big step in this direction. Investing in stocks for the long term is a great way to build wealth for years to come. But unless these stocks pay dividends, they won’t do much to help pay your bills in the short term.

If you want frequent cash flow that you can rely on in addition to your capital appreciation, consider investing in either. LTC Properties (NYSE: LTC) or Renewable energies TransAlta (OTC: TRSWF). Their monthly payments make them great investments that can be great sources of recurring income for your portfolio.

Image source: Getty Images.

1. LTC properties

LTC Properties Real Estate Investment Trust (REIT) provides investors with excellent health care exposure while providing valuable diversification. It has more than 170 investments in 27 states, with half of its properties being senior housing and the other half qualified nursing facilities. Although the REIT typically uses sale and leaseback arrangements, it is also involved in a wider range of arrangements, including joint ventures and providing financing solutions to other companies.

This diversification is invaluable for investors who do not wish to invest in a business entirely dependent on the payment of rents. Although rental income makes up the bulk (around 80%) of his income, about a fifth comes from interest he earns on mortgages, as well as other sources of income.

With incredible gross margins of 90% and net income normally amounting to 50% of revenues, LTC has produced excellent results for investors in recent years. Its payout ratio stands at 92% of funds from operations (FFO), which is a measure used by REITs to gauge their performance, based on its most recent quarterly results for the period ending March 31.

A high payout ratio can be a concern for many stocks, but REITs need to pay out at least 90% of their profits to shareholders, so this doesn’t necessarily present a problem for investors. That being said, the company just ended a quarter in which its $ 40 million revenue declined 13% year-over-year. LTC noted that it had reduced rent and interest increases during the period to help businesses still struggling with the effects of the pandemic. However, while the economy is still recovering and LTC maintains strong earnings despite struggling many of its operators and partners, this is a good sign that the company is resilient enough to maintain its dividend payments. .

LTC stock is currently earning 5.9%, and investing less than $ 21,000 in this company would be enough for you to earn $ 100 each month from its dividend. This is a relatively secure way for income investors to earn great returns.

2. Renewable energies TransAlta

TransAlta Renewables pays less than 4.4% return, but it’s still well above S&P 500 on average only 1.4%. Plus, like with LTC, you’ll receive one payment every month. It’s also one of the few dividend-paying stocks you’ll find that has great potential for long-term growth. As the name suggests, the company invests in renewable energies and operates solar, wind, hydro and gas installations. According to Facts & Factors analysts, the global renewable energy market could be worth more than $ 1.9 billion by 2026, with a compound annual growth rate of 8.3% so far.

Investors will need to be patient with TransAlta. The company’s revenue has stagnated over the years, and its 2020 revenue of C $ 436 million was down 2% from the previous year. This is undoubtedly a long-term game for growth investors, as it may take some time for consumers to switch to renewables. However, with an attractive dividend yield, there is certainly an incentive for investors to hold on to the stock until then.

Although its payout ratio is currently over 100%, TransAlta’s dividend does not appear to be in jeopardy as its free cash flow over the past 12 months has totaled C $ 256 million, more than CA $ 237 million paid. in dividends during this period. In each of the past five years, the company’s available cash flow has been strong enough to support its payments.

TransAlta has not increased its dividend payouts for several years, but what is important is that its current dividend appears sustainable. To earn $ 100 with this stock, you will need to invest almost $ 27,300. However, there is much more than what you can gain from this long-term investment – demand for renewable energy is probably not going anywhere but increasing, and the company is in an excellent position to benefit from it.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are motley! Challenging an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.



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ON THE STAGE: Latest middle market sales https://lastjeudi.org/on-the-stage-latest-middle-market-sales/ https://lastjeudi.org/on-the-stage-latest-middle-market-sales/#respond Wed, 14 Jul 2021 14:51:21 +0000 https://lastjeudi.org/on-the-stage-latest-middle-market-sales/ Highcap Group announced that Rodney Nassimian organized the sale of the development site located at 28-12 41st Ave in the Queens Plaza North sub-district of Long Island City in Queens, NY. The property located one block from the Queensboro Bridge sits on a 50 by 100 sq. Ft. Lot zoned M1-5 / R7-3, which allows […]]]>


Highcap Group announced that Rodney Nassimian organized the sale of the development site located at 28-12 41st Ave in the Queens Plaza North sub-district of Long Island City in Queens, NY. The property located one block from the Queensboro Bridge sits on a 50 by 100 sq. Ft. Lot zoned M1-5 / R7-3, which allows for construction of 25,000 square feet. It was a family business for over 40 years and the first sale since the 1980s. Nassimian was able to negotiate the sale with an active buyer in the Long Island City market and successfully hit the seller’s target price within a week. . The sale price was $ 6,175,000, or $ 247 per buildable square foot.

28-12 41st AVENUE

Ariel Real Estate Advisors arranged the $ 3.35 million sale of 109 East 9th Street, a five-story mixed-use building in the East Village. Located on the north side of East 9th Street between Third and Fourth Avenue, the 6,260 m² property consists of 13 residential units and one commercial unit, delivered vacant, which span the entire ground floor and floor. basement, as well as most of the second floor. . The sale was organized by a team including Victor Sozio, Michael Tortorici, Howard Raber, Matthew Gillis and Jack Moran. Owned by a family for around 70 years who operated the retail space as a coffee roaster and distributor, the property was eventually rented out as a popular bar. The space, equipped with two full bars, a fully operational kitchen and five bathrooms, is turnkey. The property’s 13 residential units occupy spaces on the second, third and fourth floors; four of these dwellings will be delivered vacant. The property is zoned C6-2A and up to 15,083 square feet buildable, as of right. According to public records, the buyers were Michael and Yuri Geylik of MGNY Consulting.

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TerraCRG announced the sale of a four-unit mixed-use building at 329 Nostrand Avenue in Bedford-Stuyvesant. Matthew Cosentino represented the vendor, MBH 329 Nostrand LLC. The property contains three residential units and a commercial unit on the ground floor. The buyer, Ahmed Kaid, purchased the building for $ 2,150,000, which reflects a capitalization rate of 5.3% at $ 515 / sq.

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Schuckman Real Estate announced the sale of a 7-Eleven single-tenant asset at 65 Atlantic Avenue, Oceanside, NY. 7-Eleven has been operating there since 2006. The 3,000 square foot freestanding building sits on 16,901 square feet of land at the intersection of Long Beach Road and Lincoln Avenue. Matt Colantonio and Edward Gottlieb represented the seller, a longtime landlord who originally signed the 7-Eleven lease, and recruited a local buyer. The sale closed for $ 1,510,000.

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Marcus & Millichap announced the following sales:
• Five Guys & America’s Best, a 5,256 s / f net leased property located in Liverpool, NY, sold for $ 2,180,000. The purchaser, a private investor, was secured and represented by Daniel Reyhan and Matthew R. Peters. The transaction was part of a 1031 swap, in which the duo helped the buyer sell their eight-unit rent-stabilized building in Brooklyn at a capitalization rate of less than 4% and trade it in for new construction. , triple net property, operating above 6.5% return. Five Guys & America’s Best is located at 3810 NY-31 in Liverpool, NY.
• 466 Myrtle Avenue, Brooklyn, a 2,600 square foot mixed-use property, sold for $ 2,460,000. Shaun riney and Andrew Bronsteen represented the seller. The buyer used Exchange 1031 to leverage and purchase their first property in Clinton Hill. The property is made up of three total units; a commercial space and two two-bedroom apartments. The building sits on 1490 square feet of land in the Clinton Hill neighborhood.
• 415 Bergen Street, a four-apartment building in Park Slope, sold for $ 3,000,000. Jakub nowak and Jesse kay represented both the seller and the buyer. 415 Bergen Street is a vacant four-family brownstone that sold for $ 750 per square foot. The building totals 4,900 s / f and is a short walk from the Atlantic Avenue / Barclays Center trains. The property is zoned R6A, which allows for significant redevelopment opportunities.
• 147 Metropolitan Avenue, Brooklyn, a 3,250 square foot mixed-use property, sold for $ 3,900,000. Said Boukhalfa represented the Seller, Metro Kosher Frozen Desserts, Inc. The Buyer, an individual / personal trust, was secured and represented by Boukhalfa and Jesse Limon. The property has reached $ 1,200 psf and over $ 50,000 above the list price. The property was built in 1950 and consists of a commercial unit and a loft.
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1973 AVENUE DES FORESTS

the Group of rocks completed the sale of a ground leased Harley-Davidson property located at 1973 Forest Avenue in Staten Island, New York for $ 5,550,000. The 8,299 s / f property is located on the northwest corner of Forest Avenue and Van Name Avenue. Harley-Davidson’s ground lease has approximately 18 years remaining. There are five five-year renewal options with 10 percent rent increases in each option. Harley-Davidson is an American motorcycle manufacturer, founded in Milwaukee, Wisconsin in 1903. It is one of the two major American motorcycle manufacturers to survive the Great Depression. Randy Blankstein and Jimmy goodman of the Boulder Group represented both parties in the transaction. The buyer was a New York-based developer and the seller was a New York-based real estate investor.

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Angel CommerceI have announced that Thomas Luthy, a franchise owner of Mosquito Squad, has purchased 240 Depot Road in Milford, CT, a 19,714 square foot industrial condominium, for $ 1,325,000. The property was purchased from Irving Associates LLC in an off-market transaction. Jon Angel was the only broker in the transaction. With approximately 250 franchises in the United States and operations in Kenya and Indonesia, Mosquito Squad specializes in removing mosquitoes and ticks from outdoor living spaces. 240 Depot Road is located less than a mile from I-95. It has a loading dock and two access doors.
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North East Private Client Group announced the sale of three multi-family properties in Connecticut. Bradley Balletto, Jeff Wright, Rich Edwards, Robert Paterno and John lockhart represented the seller and procured the buyer in the three transactions:
• Atlantic Street Apartments, a 16-unit apartment building in Bridgeport, Connecticut, sold for $ 1,900,000, which equates to a price of $ 118,750 per unit. Atlantic Street Apartments is a waterfront property built in 1983.
• A 14-unit multi-family portfolio located in Greenwich, Connecticut, sold for $ 3,575,000. This works out to a price of $ 255,357 per unit. This portfolio consists of three buildings: two located on North Water Street and a third located on Beech Street.
• Fairfield Avenue Apartments, a 21-unit multi-family building located in Norwalk, Connecticut, sold for $ 3,875,000. This equates to a unit price of $ 184,523. This property is in close proximity to South Norwalk and its entertainment, dining, shopping and transit amenities.

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Redwood Realty Advisors announced that Steve matovski arranged the sale of two properties in Jersey City, NJ for a combined price of $ 3,950,000:
• The two-building, 17-unit, multi-family development in McGinley Square is within walking distance of JSQ PATH and St. Peter’s University. Each has received significant capital expenditures in recent years. The selling price was a neighborhood record of $ 232,000 per unit.

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SP Capital Group (SPCG) announced the closure of 2238 Valentine Avenue in the Fordham section of the Bronx for $ 2,200,000. The 16 unit multi-family property is located between E182nd and E183rd Street. Jess Pham, Roni Soleimani and Josh pomerantz facilitated both sides of transactions. Transactions reached a cap rate of 6.75% and $ 137,000 per unit. The seller was Bogdan Wiszniewski and the buyer was the Dushi family. The buyer purchased the property as 1031 purchase and closed within 45 days. The buyer plans to hold the asset for the long term.
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4636 SOMETRON ROAD

NAI James E. Hanson announced the following sales:
• The sale and partial leaseback of an 11-building, 332,400 square foot, 45.75-acre industrial campus located at 4636 Somerton Road in Trevose, Pennsylvania. André Somple and Justin allesio represented the vendor, SUEZ Water Technologies and Solutions (WTS) USA. JG Petrucci Company was the buyer. As part of the agreement, SUEZ USA leased 93, s / f to keep its head office in the building. In addition, RLS USA, Inc., a former GE subsidiary, will lease 20,000 s / f for research and development. A mixed-use campus of office, specialty labs and warehouse space, 4636 Somerton Road enjoys a strategic regional location in Bucks County, 15 miles from Philadelphia and 80 miles from New York City.
• A 114,500 square foot industrial building at 230 West Crescent Avenue in Allendale, NJ. Michael walters represented the buyer, The Hampshire Companies, in the transaction with the Borough of Allendale. Walters will partner with Richard Van Houten of The Van Houten Group to rent the property. Conveniently located between Garden State Parkway and Interstate 287, 230 W. Crescent Avenue has 102,000 s / f warehouse space and 12,500 s / f of downtown Allendale office space. . In addition, the building has ceiling heights of 18 to 22 feet, 19 tailgates and three drive-ins. The Borough of Allendale saw an opportunity to sell 230 W. Crescent Avenue to a leading institutional real estate investor and redeploy the capital from the sale to finance municipal improvements. The Hampshire Companies will undertake a capital improvement plan for the currently vacant property which will include the replacement of its roof.

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Saudi Aramco abandons Morgan Stanley over gas pipeline deal – sources https://lastjeudi.org/saudi-aramco-abandons-morgan-stanley-over-gas-pipeline-deal-sources/ https://lastjeudi.org/saudi-aramco-abandons-morgan-stanley-over-gas-pipeline-deal-sources/#respond Mon, 12 Jul 2021 20:08:00 +0000 https://lastjeudi.org/saudi-aramco-abandons-morgan-stanley-over-gas-pipeline-deal-sources/ DUBAI, July 12 (Reuters) – Saudi Aramco has dropped Morgan Stanley (MS.N) as an advisor for the sale of its gas pipelines and has chosen JPMorgan (JPM.N) and Goldman Sachs (GS.N) for the role, three according to sources familiar with the matter. JPMorgan had also advised Aramco on the sale of the pipeline business, which […]]]>


DUBAI, July 12 (Reuters) – Saudi Aramco has dropped Morgan Stanley (MS.N) as an advisor for the sale of its gas pipelines and has chosen JPMorgan (JPM.N) and Goldman Sachs (GS.N) for the role, three according to sources familiar with the matter.

JPMorgan had also advised Aramco on the sale of the pipeline business, which was sold to a consortium led by Washington DC-based EIG Global Energy Partners for $ 12.4 billion. Read more

Aramco also called on banks for advice on financing the deal, sources told Reuters, the second major interim deal after the sale of the pipelines. Read more

The pipeline deal will also include an element of core financing arranged by Aramco for the buyer, similar to the pipeline transaction which was backed by $ 10.5 billion in bank loans, they said.

JPMorgan was also among the main arrangers of the loan that backed the pipeline deal, they said.

Morgan Stanley, who was among the top advisers for Aramco’s $ 29.4 billion initial public offering in 2019, also missed the role of pipeline advisor.

It was not immediately clear why Morgan Stanley was left out of the pipeline deal, sources said.

Aramco, Morgan Stanley, JPMorgan and Goldman Sachs declined to comment.

In recent years, Saudi Arabia has emerged as one of the largest markets in the Middle East for bankers keen to capture a share of business from new listings, as well as merger and acquisition activity.

Goldman also advised Aramco on its IPO and advised the sovereign wealth fund, the Public Investment Fund, on the sale of its majority stake in Saudi Basic Industries Corp (2010.SE) to Aramco, an agreement concluded last year.

The sale of the stake in the pipeline will have a structure similar to that of the pipeline deal, sources told Reuters earlier.

Aramco used a lease and leaseback agreement to sell a 49% interest in new Aramco Oil Pipelines Co to the purchaser and rights over 25 years of tariff payment for oil carried on its pipelines.

Additional reporting by Hadeel Al Sayegh; Editing by David Gregorio

Our standards: Thomson Reuters Trust Principles.



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3 dividend-paying stocks I would buy now without any hesitation https://lastjeudi.org/3-dividend-paying-stocks-i-would-buy-now-without-any-hesitation/ https://lastjeudi.org/3-dividend-paying-stocks-i-would-buy-now-without-any-hesitation/#respond Sun, 11 Jul 2021 09:52:00 +0000 https://lastjeudi.org/3-dividend-paying-stocks-i-would-buy-now-without-any-hesitation/ Chip and Dan Heath have written a great book called Decisive years ago to make better decisions. One of the key steps the brothers discussed was taking some distance before making a final decision on something important. In other words, stop and think about it before you act. This recommendation is almost always a smart […]]]>


Chip and Dan Heath have written a great book called Decisive years ago to make better decisions. One of the key steps the brothers discussed was taking some distance before making a final decision on something important. In other words, stop and think about it before you act.

This recommendation is almost always a smart thing to do when buying stocks. However, there are stocks with fantastic underlying companies that pay attractive dividends that I wouldn’t have to think about before picking up. Here are three dividend-paying stocks that I would buy now without any hesitation.

Image source: Getty Images.

Brookfield Renewable Power

It is pretty much a given that renewable energies will benefit from greater demand in the future. Countries and big companies are scrambling to reduce their carbon emissions.

Brookfield Renewable Power (NYSE: BEP) (NYSE: BEPC) stands out as one of the world’s leading suppliers of renewable energy. The company operates hydroelectric, wind, solar and storage facilities in North and South America, Europe and Asia.

It’s not just another boring utility stock. Brookfield Renewable has generated an annualized total return of almost 18% over the past two decades. He expects to generate annual returns of around 15% over the long term. The stock could easily outperform the overall market for years to come.

Part of the appeal of Brookfield Renewables is its high dividend. Its dividend yield is close to 3% (somewhat higher for limited partnership shares traded under the BEP ticker and slightly lower for shares of companies traded under the BEPC ticker). The company has increased its distribution by a compound annual growth rate of 6% since 2000.

Eastern Government Properties

What is the biggest risk for a real estate investment trust (REIT)? The possibility that its tenants cannot pay. However, there is one REIT that doesn’t have to worry about this scenario – Eastern Government Properties (NYSE: DEA).

As the name suggests, Easterly owns and leases properties from government agencies. For Easterly, that means federal agencies. All but two of its 82 properties currently held are leased to the US government.

Easterly continues to add new properties, however. The company recently upped its full-year profit forecast due to what CEO William Trimble called “an increasingly solid pipeline of exploitable acquisition opportunities.”

As a REIT, Easterly must remit at least 90% of its taxable income to shareholders as dividends. Higher profits therefore lead to higher dividend payouts. This is all the more interesting as the Easterly dividend is already yielding 4.9%.

Innovative industrial properties

Imagine if you could buy a stock that operates in a high growth market that is also a REIT with a high dividend. You don’t need to use your imagination with Innovative industrial properties (NYSE: IIPR).

IIP is the leading provider of real estate capital for the medical cannabis industry. The niche of the business is sale-leaseback operations. In these deals, a medical cannabis operator sells property to IIP, which then leases the property to the operator.

As of July 6, 2021, IIP owned 72 properties in 18 states. At the end of 2020, she owned 66 properties. The REIT’s ‘flush and repeat’ strategy of adding new properties has allowed it to grow revenues by over 1,000% over the past three years, with profits skyrocketing by over $ 1. 500%. With the expansion of the US medical cannabis market, I believe that IIP can continue its momentum.

At first glance, IIP’s 2.8% dividend yield may look good, but not great. However, the company has quadrupled its dividend in the past three years. The yield is not higher for one simple reason: the IIP share price has climbed even more than its dividend. It’s the kind of dividend-paying stocks you can buy without thinking twice.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are heterogeneous! Challenging an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.



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