Earnings
November 23, 2017 - BNE
New! Bonterra Energy Ltd. Q3-2017 Earnings & Price Target Update .....
November 22, 2017 - DR
New! Medical Facilities Corp. Q3-2017 & Price Target Update .....
November 20, 2017 - HLP.U
New! Mainstreet Health Investments Inc. Q3-2017 Earnings & Price Target Update .....
November 18, 2017 - ARX
Arc Resources - Q3-2017 Earnings & Price Target Update .....
November 16, 2017 - PEY
Peyto Exploration & Development Corp. Q3-2017 and Price Target Update .....
November 16, 2017 - HR.UN
H&R REIT - Q3-2017 Earnings & Price Target Update .....
November 15, 2017 - REI.UN
Riocan REIT - Q3-2017 Earnings & Price Target Update .....
November 14, 2017 - CRR.UN
Crombie REIT - Q3-2017 Earnings & Price Target Update .....
Recommendation Changes
BNE, HLP.U, PEY, HR.UN, REI.UN, more...

WPT Industrial REIT - Price Target Update

This is only a sample of the article, please login to view the entire article

The REIT owns and operates an portfolio of primarily industrial properties located in the U.S. focused on warehouse and distribution industrial real estate. As at Mar-31-2017 the portfolio consisted of 47 industrial and two office investment properties totaling 15.6M sq. ft. with an occupancy rate of 98.4%. Properties are located in the U.S., in the states of Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Michigan, Minnesota, Ohio, South Carolina, Tennessee and Wisconsin and approximately 18% and 17% of net operating income is from properties located in Minnesota and Georgia, respectively.

The asset and property management agreement with WPT Capital was renewed for an additional 5 years. The agreements will be terminated once a market cap of $750M is reached compared to $530M as of Jul-11-2017.

The average age of properties is 13 years, leases are mainly triple net, maintenance capital costs are expected to remain low. The average ceiling clear height is approximately 31 feet. High ceiling clear heights are an important feature to many industrial tenants, as this provides tenants with additional vertical space that can house additional racking and equipment, allowing the tenant to maximize storage space.

You must be a member to view the entire article, please subscribe or login


Login
Username
Password
New Issues & Acquisition
November 17, 2017
New! Coverage Universe - Weekly Price Changes Nov 10-17, 2017
November 10, 2017
Coverage Universe- Weekly Price Changes- Nov 3-10, 2017
November 3, 2017
Coverage Universe- Weekliy Price Changes- Oct 27 0- Nov 3, 2017
October 27, 2017
Coverage Universe- Weekly Price Changes- Oct 20-27, 2017
October 26, 2017
Osisko Gold Royalties Ltd. - New Convertible Debenture
October 26, 2017
Surge Energy Inc.- New Convertible Debenture
October 20, 2017
Weekly Price Changes Oct 13-20, 2017
October 13, 2017
Weekly Price Changes Oct 6-13, 2017