Whiteacre

Whiteacre provides insightful news and research on listed real estate securities.

[Whiteacre @Whiteacre_net]

Closing out our merger arbitrage idea on $LSI following the announcement of a merger with $EXR with a 14% gain over 1 month since sharing the idea. https://t.co/O79IjmvGsN

[Whiteacre @Whiteacre_net]

Ok quick update on the $LSI and $EXR $PSA situation. Ok kind of special situation with upside potential in the region of 6-12% over the short term while downside somewhat limited.
https://t.co/GnwD4bIjDt

[Whiteacre @Whiteacre_net]

Uhhh this is getting interesting again: $LSI jumps more than 3% after a rumour that $EXR is exploring a rival bid to $PSA offer... We wrote about that situation earlier this month: https://t.co/NpL28e9pKK

[Whiteacre @Whiteacre_net]

@Hhnwg Yeah probably. Only $LEG rallying this am, $TEG also quite muted (although there was a move yesterday)

[Whiteacre @Whiteacre_net]

Even with the massive move in bund yields this morning not much happening at $VNA. That bond move should lead to repricing of long-duration, no? @Hhnwg

[Whiteacre @Whiteacre_net]

@FreeLunchOrNot @Hhnwg Increasingly convinced that $VNA is simply a play on interest rates as there is simply no significant (!) opportunity for them to capture housing shortage and higher rents.

[Whiteacre @Whiteacre_net]

@Hhnwg Is there some statistic on "Bestandsmieten"/in-place rents?

[Whiteacre @Whiteacre_net]

@rvc330 Sums up the current situation in real estate quite nicely.

[Whiteacre @Whiteacre_net]

@Hhnwg BUT: It is actually almost impossible to capture the lease spread for landlords like $VNA and $DWNI I would argue because nobody is so insane to move out and leases are not limited by time.

[Whiteacre @Whiteacre_net]

@Hhnwg Yeah the market is completely broken. Zero availability. Terrible situation here in the city.

[Whiteacre @Whiteacre_net]

@FrancoisMauro1 No it won't. Some employees are accused of colluding and pocket some money for themselves. Highly doubtful that this warrants selling an entire position?!

[Whiteacre @Whiteacre_net]

Just to clarify for all non-German folks out there: The police raid at $VNA HQ was targeted to a number of $VNA employees that are accused of bribery, not the company itself.

[Whiteacre @Whiteacre_net]

$VNA press release regarding the police raid today.

[Vonovia @Vonovia_SE]

Heute haben die Ermittlungsbehörden bei uns Unterlagen eingesehen. Unsere Stellungnahme dazu: https://t.co/0zNEp8FzyQ

[Jussi Askola, CFA @askjussi]

$LSI roundtable cancelled at Citi Conference. $PSA presented yesterday and is here. Coincidence?

[Whiteacre @Whiteacre_net]

Our merger arb idea on $LSI and $PSA now up more than 6% since posting. $LSI cancelled participation in the Citi Global Property CEO Conference fuelling rumours it seems.

[Whiteacre @Whiteacre_net]

https://t.co/9NqNaZSR68

[Whiteacre @Whiteacre_net]

Anybody know whats happening with $SRG today? Seems a little weird to see a 10% selloff on no news?

[Whiteacre @Whiteacre_net]

@longhauler881 @GDN20 Believe this is what's floated as an idea

[Whiteacre @Whiteacre_net]

@longhauler881 @GDN20 https://t.co/9NqNaZSR68

[Whiteacre @Whiteacre_net]

Intersting, wonder what @HedgeyeREITs thinks about that $PGRE

[KonekoResearch @KonekoResearch]

$PGRE CEO Albert Behler bought 40000 shares