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Thursday, October 29, 2026

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@Mr_Neutral_Man

Mr Neutral Man aka "Howard Marks of REITs” on X

I have consistently talked about buying $CUBE in the past year and highlighted their incredible NYC/NNJ portfolio It accounts for 1/4 of the company's NOI, up 5.5% in Q3 on a YOY basis. Moves the needle. Overall NOI up 2.1% YOY High barrier, no rent regs like housing, truly a great asset NOI declines mostly in Sunbelt high supply markets Story is as old as time Bought at a rough 6.7% cap about a year ago at $36 ish now $41.08 plus about $2.12 in dividends since Not too shabby for a 20% one year return for buying a high quality SS with low leverage
Mr Neutral Man aka "Howard Marks of REITs” CUBE $9.2B
@david_katunaric

Mikro Kap David on X

For anyone chasing yield while everyone seems bearish on duration, I noticed that $VNO preferreds are currently yielding >8.2%, while Manhattan office leasing activity is at its strongest level since 2000. At the same time, I struggle to see credit risk here. The sector seems to have weathered the worst of the downturn, Vornado's balance sheet looks more than capable of handling its corporate debt obligations, and several major refinancings are now behind it. Personally, my hurdle is higher, and as a 🇭🇷 investor, the currency risk and 30% US dividend withholding tax make the setup much less attractive to me. But I figured it was worth sharing for anyone looking for income opportunities.

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The Data Center Bridge

Small- and mid-cap data center stocks trade as one despite sharply different funding bridges: 12 of 15 cover fixed costs on signed…

FRMI $1.9B
CV's Substack 16 clicks
TPLKF · long

PVA Tepla

PVA TePla (XTRA:TPE) is presented as a long position.

TPLKF $752M
Value Investors Club 2 clicks

Adding a beer stock in size

Molson Coors, a 7% portfolio position, is the world’s fourth-largest brewer with leading beer shares in Canada and the US through Coors and…

TAP $7.5B
Nugget Capital Partner's Substack

Everybody Sold the Power

Fermi, a $6 billion Texas power developer with 17 gigawatts of planned capacity, needs its first data-center lease before turbine financing…

FRMI $1.9B
Mispriced Assets 1 click

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