RADI_Allen_34

Not investment advice

[RADI_Allen_34 @34Radi]

@FuzzyPandaShort Isn’t the story around NM irrelevant now? The value creation is the TX site. Also this isn’t squeezing on the NM news (that happened last week) it’s rerating as investors get excited about the TX site and increasing credibility from new hires to be a real DC dev partner

[RADI_Allen_34 @34Radi]

@NoLimitGains Check out $cgeh - company manufacturers microturbines, just got a investment from Monarch, has manufacturing capacity to produce up to 1 GW (similar to $BE), and is identifying data centers as its next growth opp. Small company so only one deal will massively rerate

[RADI_Allen_34 @34Radi]

@dan_tmt How would you think about the desirability of an asset that has a bunch of geographies already carved out?

[RADI_Allen_34 @34Radi]

@NickTimiraos If you follow multifamily and SFR REITs public filings we are still creating new lows in rental growth (look at leasing spreads). Assuming a 12 month lag to show up in the data, I think we have at least another year plus of lower shelter disinflation

[RADI_Allen_34 @34Radi]

@MrMojoRisinX Not the best example, but BREIT redemptions peaked Jan ‘23 and private RE values probably bottomed 12 months after

[RADI_Allen_34 @34Radi]

@oren_cass I think you clearly don’t understand this business. You are taking the view that BTR cannibalizes for-sale product (zero net sum supply), which just isn’t true. There are many different housing projects that would not get built if the use case wasn’t BTR.

[RADI_Allen_34 @34Radi]

@Mblaze2x @MikeBWeather Michael has been spot on and early to many of these trends. Let him cook

[RADI_Allen_34 @34Radi]

@MikeBWeather Updated thoughts on nyc snow totals?

[RADI_Allen_34 @34Radi]

@MikeBWeather What does this mean for nyc snow totals? Will frontogenesis shift west like you were projecting last night or stick on LI? Thanks for the great coverage!!

[RADI_Allen_34 @34Radi]

@MikeBWeather Any update to this?

[RADI_Allen_34 @34Radi]

@MikeBWeather Any updated thoughts on NYC snow totals vs the one from earlier today? Thank you!

[RADI_Allen_34 @34Radi]

@dan_tmt @Divergent7651 Personally, I would take 6 years of data (and recent mgmt team departures) over one tegus call to tell me that utility demand for this product is underwhelming. Only time will tell!

[RADI_Allen_34 @34Radi]

@dan_tmt @Divergent7651 $389mm over 6 years is weak and well below the company’s original expectations. Why all of sudden would utilities care after 6 years?

[RADI_Allen_34 @34Radi]

@dan_tmt @Divergent7651 Who would buy this? It’s easy to see the implied value $/Mhz-pop is cheap, but it’s swiss cheese geographically, clearly not that valued by utilities (supposedly the best user), and too expensive for carriers to build out a network on such a small block…only buyer is grain?

[RADI_Allen_34 @34Radi]

@chamath @theallinpod So you made 2%?

[RADI_Allen_34 @34Radi]

@AllenLivelyLOF @AllenLivelyLOF what has the company done that has changed your thesis? From my understanding, they have done everything they said they would.

[RADI_Allen_34 @34Radi]

@AllenLivelyLOF @AllenLivelyLOF $btbt The company is locked up from issuing new shares for 60 days per the prospectus dated June 20th, so this is an incorrect assumption.

[RADI_Allen_34 @34Radi]

@AllenLivelyLOF @AllenLivelyLOF I believe your assessment is inaccurate. Per the prospectus filed on June 20th, the company has a lock-up that precludes them from issuing any new shares for 60 days.

[RADI_Allen_34 @34Radi]

@StudentRentPro If you’ll take one more! What do you think cap rates are in your market for your product? How does it compare to new development student apartments?

[RADI_Allen_34 @34Radi]

@rabois @paulg You are clearly misinterpreting an interview from over two months ago with an investor who notoriously changes his mind very quickly and said 10% tariffs which is directly contrary to what is in place now