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The Ultimate Affordable Dividend and Growth Set
Rolling MPW ccs to generate extra passive monthly income on SLG
Commercial Office REITS Pop after Selloff [SLG]
Why is the market pricing Office REITs like they’re going extinct?
Why is the market pricing office REITs like they’re going extinct?
Playing banks and commercial property REITs with puts.
SL Green Realty Q4 earnings just misses consensus as expenses rise (NYSE:SLG)
What does this sub think of beaten down Commercial REITS? Trading at 08/09 GFC lows?
Monster hit by a 7 cent stock!🚀🚀 $SLG.v (Canada:TSX-Venture) drills 112 metres of 1.17% CuEq
Investing in Manhattan REIT for someone in my position?
The AMC Bust-Out - Players include Apollo, Silver Lake, Virtu, Citadel, and Goldman
Thinking of putting money into a few REITs as an inflation hedge - thoughts?
It’s ain’t much but it’s honest work. And now for SLG breakout. Finally broke a down trend and is moving up.
SLG breaks trend and is going up. Break out your calls I’m already in
Trend breakout. SLG finally breaks a down trend and is going up.
Mentions
Amazon (AMZN) Bristol Myers Squibb (BMY) Comcast (CMCSA) Exxon Mobil (XOM) Fairfax Financial Holdings (FRFHF) Flutter Entertainment (FLUT) Madison Square Garden Sports (MSGS) SL Green Realty (SLG) VISA (V) Disney (DIS)
So are we shorting CBRE, JLL, CWK, SLG, and VNO?
Policy has market impacts. $SLG, $VNO
oh i was going to say if its commercial VNO, SLG
1 month ago Benziga inside access interview with CYCURION - CEO Kevin Kelly and Innovation President Ed Burns. https://youtu.be/eNAmIAQwyTc?si=DM9lCw1fCCEGBs59 ** Ed Burns is the SLG Innovation President of Cycurion Inc., a cybersecurity and AI company. He has an extensive background in operations and business management, with leadership roles including CEO of a Tier 1 supplier in the EMS sector and various senior positions. He has a track record in operations management, productivity improvement, and supply chain management, and currently teaches at Schulich School of Business and University of Toronto's School for Continuing Studies.
SLG really tanked 10% this week because of the news in NYC. lol.
Exactly what I was thinking. Best ETF Option: VanEck Office and Commercial REIT ETF (DESK) • What it is: DESK tracks the MarketVector™ US Listed Office and Commercial REITs Index, focusing specifically on U.S. office and commercial real estate REITs. It’s pretty much the only ETF out there zeroing in on office properties. • Why it fits: It’s got holdings like Boston Properties (BXP) and Vornado Realty Trust (VNO), giving you a straight shot at the office sector. Perfect if you think office real estate is cucked right now. • Heads-up: DESK is newish (launched in 2023), so its options market might be thin. Lower liquidity could mean wider spreads or trickier trades when buying puts. Check the options chain before diving in. Best REIT Options: Individual Office Heavyweights If liquidity’s your jam or you want a more direct play, individual office REITs might be the move. These guys have solid options markets and are all about commercial offices: • Boston Properties (BXP) • What it is: One of the biggest office REITs, with properties in major cities like Boston, New York, and San Francisco. • Why it works: It’s a broad play on urban office spaces—prime targets if you’re betting on a downturn. Plus, its options are liquid, so buying puts should be smooth. • Vornado Realty Trust (VNO) • What it is: A big NYC office landlord, owning a ton of commercial properties in Manhattan. • Why it works: If you think New York’s office scene is extra screwed, VNO’s your guy. Decent options liquidity here too. • SL Green Realty (SLG) • What it is: Another NYC office REIT, focused on Manhattan’s high-profile buildings. • Why it works: Like VNO, it’s a laser-focused bet on NYC offices. If Manhattan’s vacancy rates keep climbing, SLG puts could pay off. Options trade pretty actively.
This is a great summary. In my opinion, AstraZeneca would be the best company to offer a buyout to gain exclusive rights to INPEFA since their SLG2 inhibitor lost its exclusive license in February, and now a generic is available. (However, AstaZeneca licensed the generic, so they get a cut, but their SLG2, Farxiga, generated a large portion of revenue for the company.) AstraZ could market LXRX’s SLG2, INPEFA, as superior to Jardiance in reducing cardiac events and stroke to corner the market. Whatever the scenario, it would be great to see a buy-out of $8-$12 per share, but the big shareholders might want more since they bought the stock back when it was in the double digits.
I bought SLG in 2022 when CRE was in the verge... got it under $30. It got called away a couple months ago at $60. The divvy was over 10%... Fuk
I think REITs still have room to run even though a lot of gains have happened since the lows. I lucked out buying REITs like SLG during the late 22, early 23 timeframe and kept buying on major dips. Two big tail-winds for REITs: - Lower rates - RTO (see [https://www.cnbc.com/2024/09/16/amazon-jassy-tells-employees-to-return-to-office-five-days-a-week.html](https://www.cnbc.com/2024/09/16/amazon-jassy-tells-employees-to-return-to-office-five-days-a-week.html) ) Remote work is a joke. Humans are tribal/social apes and we cannot perform complex work in complete isolation. Sure, engineers need to go into the weeds or go deep at times and do really focused work, but they have to regularly come out of that and interact. I never bought into the "we'll all work from anywhere" BS. It was a short term dynamic that employers used as they had no choice, but now that the balance of power is well, more balanced between employees and management, things will go back to normal over time and this is good for commercial REITs especially.
Lost most of my PLTR, RUN and SLG shares as they were called away. Too bad about SLG... bought that in the depths of Covid. Think I was getting almost 10% divvy.
Put some of it in high yield dividend stocks (QYLD, SDIV, ET, FOF, SLG, Etc.) and forget about it, get money that you can reinvest elsewhere without touching the principal type thing.
Doesn't matter, I went deep into SLG as they're going to convert many of their high rises to residential thanks to the federal funding program.
When I see articles like this, it means it's time to go dumpster diving. Ask me how much my 2023 SLG position is up.
Everybody hates commercial real estate right now but I’m making 6% today on SLG plus a 6% dividend
4 put options SLG @ $37.5 Strike price 2 month expiry. First time buying options
Bought 4 SLG put options with 2 month expiry for 1.20. Thoughts? https://preview.redd.it/12pduxw86vjc1.jpeg?width=1080&format=pjpg&auto=webp&s=e0296cf76109d0c2d9726b19ee424056d94cdcbd
The hardest hit are office properties due to increase in remote work. That's a new norm that isn't going away. To some degree it depends on region. Office properties in NY have plummeted in value due to lack of tenants. There was a 60 minutes segment talking about this with one REIT CEO Marc Holliday of SL Green Realty ticker SLG mentioning how work from home is one of biggest societal problems right now.
SLG has the BEST commercial properties in NY though...
> $SLG I don't want to invest in homes out of personal obligations, but if you have the money and can justify the costs, why wouldn't you buy homes in difficult times? they are not going anywhere... Really can't lose regardless who owns the municipal. > You get progressive or conservative NIMBY: Homes become scarce, some rules probably make it hard for smaller competitions to get in or survive. > You get progressive or conservative YIMBY: red tapes are removed, so you can play in volumes. Buy and build multiplexes, apartments, condos in all levels (midrange, upscale, and super posh).
They just increased to 20% stake in the company. SLG has notoriously missed earnings and has decreased its dividend by 69% since 2018. Blackrock is hyper focused on gobbling up real estate. SLG is the largest commercial real estate REIT in manhattan. I’m not piecing it all together. Frustrating. They should be tanking. https://preview.redd.it/4avuz6uhtwdc1.jpeg?width=1290&format=pjpg&auto=webp&s=15c348af191314aacf6d3879af79aba00f3a082b
What is Blackrock doing with $SLG? Hmmmmmm
🚨🚨🚨🚨🚨🚨 You bears are fighting over the SPY, but you’re missing out on the amazing shorts on Reits. $PLD investment of $18k 130p 19Jan yielded a $31k return. $SLG reports next week, just announcing a .25c divi, representing a 69% decline in divi since 2018. No reit is safe!!!!
SLG has premium properties that are almost all full. BXP is the same.
[WSJ - Offices Around America Hit a New Vacancy Record](https://www.wsj.com/real-estate/commercial/offices-around-america-hit-a-new-vacancy-record-166d98a5) >America’s offices are emptier than at any point in at least four decades, reflecting years of overbuilding and shifting work habits that were accelerated by the pandemic. >A staggering 19.6% of office space in major U.S. cities wasn’t leased as of the fourth quarter, according to Moody’s Analytics, up from 18.8% a year earlier. That is slightly above the previous records of 19.3% set in 1986 and 1991 and the highest number since at least 1979, which is as far back as Moody’s data go. Office stocks like SLG have 100%+ so I guess this is all "priced in" now 😅?
Top 7 holdings PLTR SLG TSLA META MARA NVDA AMZN
Do you have any banks in mind that could be particularly vulnerable? Could be good put targets / I am thinking maybe REITs also that are heavy in CRE (SLG)?
Google In the fuck your rules division: SLG and BDN
PLTR, AMZN, TSLA, SOFI, MO, SLG, and a very small amount of CRWD
Great day for me... had AFRM, ARM, DIS, IWM, TTD, MSFT, SLG calls. Sold into this feeding frenzy... just gravy positions left. Most out to Jan. We'll see how it goes.
Found this info * SL Green Realty Corp. (NYSE: SLG): 10.2 million square feet * Boston Properties Inc. (NYSE: BXP): 5.9 million square feet * Tishman Speyer Properties L.P. (NYSE: TSN): 4.6 million square feet * Hudson Pacific Properties, Inc. (NYSE:HPP): 4.5 million square feet * Alexandria Real Estate Equities, Inc. (NYSE:ARE): 3.8 million square feet
Yes - Also I think someone else mentioned it in the comments. But there is also a distinction to be made between commercial office real estate and other forms of commercial real estate. REITs which are largely office workspace assets such as VNO, BXP, SLG are below their covid low valuations. And in some cases are below their 2008 GFC lows.
Sure. Do your own DD, but here are a few areas: - office REITs: been painted with a broad brush since COVID. Will be a very binary place. If you look at more granular data, all the unoccupied units you are hearing about are in like 10-15% of real estate. So, really good class A, recently built and more “trophy” assets are at close to 100% occupancy. The class C offices built in 1980 with poor amenities have more like 30% occupancy & are where the issues are coming from. So companies like CUZ, SLG (maybe) and BDN (maybe) may be fine, but are being sold off like VNO and ONL. For a nichier play, PSTL is an interesting one (sole tenant is the USPS - so will be more defensive.) - traditional energy (pipelines, oil and gas, etc.): dirty, but necessary industry. Hype is green energy. Market fails to recognize this is a long term transition - the transition to a green economy (if it happens at all frankly) won’t be an overnight thing. Even if it does happen, trad sources will act as a backup - you may have a solar farm out in Texas, but there is normally a gas or oil burning generator associated with that solar farm which kicks in during peak hours (and kicks in quite often I might say.) Demand is there which supply / investment is being throttled. Good macro backdrop. However, these guys have a history of f*cking investors over and plunging money into capex projects that offer poor returns. Be wary. For what it’s worth - Occidental Petroleum is owned by Buffett and can look at EPD (they own a large portfolio of pipelines connecting the major oil & nat gas basins to Texas refineries).
I won't disagree. MORT is 2% of my portfolio. SLG is .5% and MPW is on a watchlist.
MORT MPW SLG MORT is a pure rate play. If rates go up, it gets smoked more. But if rates remain steady or decline, it's probably a safe bet to throw tons of cash off and possibly have capital gains. Refinance risk is virtually zero unless one sees 3% rates coming back. I don't have to expose myself to any one particular levered-up loser. SLG is as solid a NYC office reit as possible - yes, I know. I work in the industry and the region. They have quality buildings which is all tenants want these days. They will be fine. By fine, I mean they will survive. They came roaring back from the dead in the GFC. History repeats? MPW is speculative, but the founder is still at the helm and is making moves to shore up the balance sheet. Even with a cut dividend they still intend to payout 10%+ from here. I'm keeping this one small. A little bit is all you need.
I would say in 08, capital was not abundant because stress tests weren't even performed then. We didn't have risk-weighted assets. We had no idea what it means to have enough money when everything blows up simultaneously. And finally, most importantly. The Fed didn't act quickly enough because they and no one truly understood how much the plumbing of the system was interlinked. In March and even more in COVID they demonstrated forcefully they will not make that mistake ever again IMO. Re: NLOP, yea I'm just giving that as an example. I don't know we even have access to it yet. But yea SLG preferred for example were trading at $15. In order for them to redeem that, they would have to pay $25! They are trading basically 60 cents to par and instant 66% gain. These are cumulative dividends which also means they must pay them.
As you know I think one ought to be in the market at all times. Or mostly in the market. I see your point though, if someone wants to time there may be little reason to be in cash right now. Again, I don't know enough about CRE (it may be a nothigburger), but can agree on China. As always, my view is a more broad-based. There was plenty of capital in '08, the issue is what happens when it dries up. Actually I read a great quote from Kevin Warsh last night, from 2007: "The benefits of greater liquidity are substantial, through higher asset prices and more efficient transfer of funds from savers to borrowers. Historical episodes indicate, however, that markets can become far less liquid due to increases in investor risk aversion and uncertainty. While policymakers and market participants know with certainty that these episodes will occur, they must be humble in their ability to predict the timing, scope, and duration of these periods of financial distress. . . . If moored from fundamentals, confidence can give way to complacency, complacency can undermine market discipline and liquidity can falter unexpectedly. . . " NLOP actually isn't a great idea IMO simply because the point of the company is to unwind itself (I didn't initially realize this). I think I recommend SLG though, and you can certainly find some others. Going back to the debate, you could argue that liquidity falling off is a black swan. Maybe. But if the argument is "as long as liquidity is ample, things will be fine", I think that's dangerous. That's why Kevin says "moored from fundamentals". If there is a fundamental issue underneath, which arguably there is with the CRE issue (and others, like high valuations at a time when the price of money is not cheap), it's more likely that we might get caught swimming naked. I think this is a reasonable take on my end.
As a long term hold I don't like any REITs right now because if rates do in fact stay higher for longer it will not be a good sector to own. As a trade, I did buy SLG and AMH earlier this year on some unusually large selling but I sold them on the nice bounce.
Based on them divesting NLOP I thought that it would mean *less* loans for CRE. But had no idea really. As for NLOP, it's not a great idea to buy. The company will distribute proceeds from rent plus *the sale* of assets as they wind down their portfolio. I wouldn't have minded holding if they had quality assets. 🤷 If you're interested in that sector check out SLG. I don't own it but it caught my eye.
I sold SLG puts back inJune and July and the total commissions were negative. The IBKR commissions are .65 per contract plus regulatory and exchange fees. Other puts I sold at the same time same exchange were positive commissions. I though maybe the exchange might offer a higher rebate on certain tickets to improve their liquidity. Now that I’m thinking about it, it’s possible they were simply routed to two different exchanges.
Had a good day with a healthy serving of humble pie. My LMT trade did not work out... closed my calls at about a 6k loss. That being said bought calls in XOM, NTR last week and am still sitting on doubles for SLG. Still think it all depends on MSFT... for tech to continue to rally.
Take SLG as an example, "NYC's Largest Commercial Landlord". It's 52-week high/low is 51.69 / 19.06. It's at 36.8 now (about midpoint), because we're in bull market now, you know %). Still 25% short interest. Wanna join the party?
SLG gonna crush earnings tonight...
SLG earnings, any thoughts?
SLG reports tonight... think they're gonna crush it. Will give good insight into CRE... especially Class A properties.
Is there a San Fran version of SLG
Office real estate like BXP and SLG is not doing fine. There are many types of CRE outside of office and they aren’t nearly as risky as Office is at the moment. Something like XLRE contains all industries in the Real Estate sector.
You wouldn’t know it from $SLG today going up 20% with a big empty office building in downtown Manhattan . I carefully curated a set of long term PUTS and that eviscerated my gains , not losing but just eviscerated . I cut, am sort of feeling tart right now
Oh so SLG is a trade for you? I was going to ask how you feel about office REITs with the rise of work from home but it seems like a short term hold for you. I went with VICI and PLD due to thinking they have a better portfolio or are in better sectors.
I don't own SLG but keeping my eye on it. Might scoop some up if it goes down.
I have SLG at about $24. Also $30 calls out to Nov... too far out so not moving very much but I think the quality REIT's have turned a corner.
Yes, today is a great day to be an SLG shareholder.
SLG sold 245 Park Avenue for $2 billion, meanwhile its market cap is only $1.8 billion. I think those looking for some sort of office CRE crash will likely be disappointed, sure there's high vacancies in some downtown office buildings, but a slow bleed into an extremely long recovery is the most probable outcome.
You’re not alone, I have $50k in SLG. What’s your thesis though?
$SLG short float is at 250%... this rarely ever happens. One of the last times this happened was GME. Look at the low and high frame trends. It's moving with strength..... Can we team up and blow out the bears that are so greedy they are paying to borrow shares to short because they maxed out the float. This can be one of the most epic short squeezes ever.
I’m a smooth brain, but I’m all in SLG
Check out SLG the past few days. That was such a good buy sub $22.
Loving the SLG and UBS shares I picked up a couple months ago. Getting around a 15% divvy on my SLG shares... hopefully that holds... think it should.
$KRC, $SLG, $PDM, and $MPW are interesting and highly undervalued as well!
Well you said you want to stay away from stocks. You're interested in real estate investing but don't have much time. By your statement I gather you're looking for a passive way to own investment real estate. The best passive strategy for real estate is to simply buy REIT stocks. These Real Estate Investment Trusts are companies with portfolios of income producing real estate. There are many to choose from. Some specialize in Hospital & skilled nursing home facilities like OHI and MPW as just a couple of examples. Others focus on industrial warehouse properties like STAG. Others own portfolios of malls & shopping centers. SPG is a good example for this sector. Of course there are companies like SLG and CIO who own office properties. I am sure there are others owning residential real estate. These companies are required to pay 90% of their income as dividends to shareholders. While there is volatility in the share prices of these companies I prefer this angle of investing in real estate because I don't want to deal with the headaches of tenants calling me at 3 AM with repair requests or a bad tenant who can't pay or decides to become a squatter I can't kick out. Commercial real estate is a better play anyways. Many REIT's have NNN tenants who are responsible for the maintenance, repairs & property taxes which leaves more profit to the REIT's. This is just my take on it.
Only half? SLG is down like 80%+.
if its inevitable then go short SLG or VNO. put your money where your mouth is big boy
SLG owns the best located office real estate in America, is over 90%+ occupied with an increasing leasing pipeline and very little near term debt maturities yet the market is pricing this stock like it’s vacant a 60’s vintage office in Topeka, KS that is entering bankruptcy. They own over 27,000,000 sq ft of Class A+ Midtown office. You can pay off all their debt and entire market cap by selling 4-5 towers they own. Over 40% short interest. Down 80% over the past 1-2 years. No brainer trade. Needless to say I am selling $20 puts full tilt hoping to get assigned in addition to many many leaps and shares. SLG to the Oort Cloud.
I'm torn on this. $SLG is at 2009 bottom prices which suggests to me a lot of people already thought like you and bled-out as much risk as they could from that stock. I don't like to think the Commercial Office short is "done"; because I've seen absurd price actions in the histories of shorts. But 2009 prices is getting PRETTY absurd. It's possible this turnip just can't bleed any more.
I’m planning on putting my life savings into SLG, someone talk me off the ledge
SLG but it's already down 60% and will probably outperform bc of it
Office expo matters. High expo ones like VNO and SLG are already tits up. Lower expo ones like RC are solid and wont be hurt further. Priced in its too late for this trade.
Id argue you are late. Look at VNO and SLG for example, some of the bigger non bank lenders that had high office exposure, already tits up. Priced in by now.
Some of these regional banks will rip... which ones hard to say. Heavy short interest in a lot. Thinking Truist might be ok. Or how about some of thee CRE plays that don't have office space? Or if they do have office space it's Class A stuff... like SLG. That got hammered.
Office properties. See VNO or SLG for an example.
SLG was a helluva buy under $25. Thought they'd cut their divvy for sure. Heavily shorted.
SLG is worth about 40ish, is trading around 23ish and in 08 it dropped to around 12ish. That means recession is priced in by about 75%.
SLG anyone? Has to be done crashing right? Right??
SLG prime for a further rip.
Haven’t they been calling for this for months? Look at stocks like SLG down 70% from a year ago. Kinda think the infos been traded on
Just woow I bought 200 shares of SLG and was feeling hot. You take the Cake
I see no mention of the over 2 billion of debt that will be maturing at 2023-2024, that will have a massive impact on the overall performance of SLG …
Buy 3-D printing stocks XMTR DM MKFG If SLG drops I'm a buying
I’m up atleast 5% on SLG shares and all its preferred shares as well, just bought in at the beginning of market yesterday. My AI program trades for me though. I don’t know anything about SLG lol.
I’m balls deep - SLG YOLO 300 LEAPs and 6500 shares, $20/share is a joke.
>I agree that the short sellers' thesis on SLG is correct, but I believe that the stock may rebound in the near future. The banking crisis appears to be manageable, and Manhattan remains a vital center of commerce.
**User Report**| | | | :--|:--|:--|:-- **Total Submissions**|1|**First Seen In WSB**|just now **Total Comments**|0|**Previous Best DD**| **Account Age**|10 months|[^scan ^comment ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_comment&message=Replace%20this%20text%20with%20a%20comment%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.)|[^scan ^submission ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_submission&message=Replace%20this%20text%20with%20a%20submission%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.) >TL;DR: SVB is dead, SLG will survive.
Yeah it was terrible... real bad. Reminds me of a FedEx earnings where they lost 900M in revenue... and rallied. Kinda predicts what the market is going to do tomorrow though. When SLG went green today... you just knew tomorrow would be biggly. That thing has gone down every day.
$SLG green on a red day maybe office REITs finally bottomed. it's a crowded trade, ripe for a Squeese
Spent some time on r/AIpornhub Holy shit. Humanity is doomed. But I will definitely be buying an officer big butt for the home. Also, commercial REIT tickers for puts: KRC, SLG, VNO, BXP, SPG The easy money's been made so I'm buying with caution.
Rn just ABR and SLG but looking to short BXP, ARE, DLR, and VNO
People don’t realize the quality of properties SLG, VNO and BXP have. These are mostly Class A office with amenities. It’s the low end office that will is most susceptible to WFH. SLG is getting hammered bc they have nearer term maturities, and one of their buildings was for Credit Suisse through 2037 (but only 3% of all rental square footage). Office has real problems but SLG, VNO and BXP have very high quality properties in good location. They are trading like regional banks that could be gone over a weekend, but their don’t have the funding problems you see with banks on deposits.
Do you not realize what’s going on with commercial real estate?? Check out VNO SLG
Commercial real estate looking absolutely terrible. Look at SLG today... just wait until they cut their divvy... AGAIN.