There’s Always Another Side To The Economic Story

One way or the other though, groceries are definitely getting more expensive.

Along the same re-opening lines, Dick’s Sporting Goods (DKS) reported that Q1 net sales rose 119% to $2.92 billion. There was a whole lot of pent-up demand in those figures, of course. So we shouldn’t expect to see such exponential movement in Q1-22.

All the same, it’s nice to see that Amazon (AMZN) hasn’t permanently stolen everything away from traditional retailers. I imagine a few real estate investment trusts (REITs) out there raised a toast to the news.

Probably not these three, but they’re moving forward nonetheless:

  1. Digital Realty (DLR) opened its newest North American data center, this one in downtown Toronto. The strategically located YYZ12 opens 800 kilowatts and 6,900 square feet worth of colocation facility space.
  2. Invesco Mortgage Capital (IVR) will make a public offering of 37.5 million common shares with a 30-day option for underwriters to buy an additional 5.625 million should they so choose. Proceeds will go toward paying off its 7.75% series A cumulative redeemable preferreds.
  3. Medical Properties Trust (MPW) declared a quarterly cash dividend of $0.28 per share to be paid on July 8 to stockholders of record on June 17. That keeps it steady at already established 2021 levels.

And here are yesterday’s biggest share-price givers and takers…

(Source: The Daily REITBeat)

Happy Investing

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Brad Thomas is the Editor of the Forbes Real Estate Investor.

Disclaimer: This article is intended to provide information to interested parties. As ...

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