Oh boy I have so much experience here-- First off did you wife beat you around the head? that's what happens to me. What had you eaten the night before any chicken bones? Keep some Bennydryl handy in case there is an allergy you don't know about and watch that first poop. A long struggle and nothing coming out would not be good. I'll keep the good thoughts coming for Muttley... tisk tisk...
TOP Financial Group Limited (TOP) Fri> NasdaqCM - NasdaqCM Real Time Price. 9.39+1.59 (+20.38%)<------------------------
Hong Kong Market has been going up-- earnings 3 days ago.. Vol------------->32,977,850 Avg. Volume---->3,433,383
REGIONAL BANK VALUE IDEA****** On June 30, 2023, M&T Bank Corporation (NYSE:MTB) stock closed at $123.76 per share. One-month return of M&T Bank Corporation (NYSE:MTB) was -1.46%, and its shares lost 22.51% of their value over the last 52 weeks. M&T Bank Corporation (NYSE:MTB) has a market capitalization of $20.528 billion. The London Company Mid Cap Strategy made the following comment about M&T Bank Corporation (NYSE:MTB) in its first quarter 2023 investor letter: "M&T Bank Corporation(NYSE:MTB)- MTB underperformed, along with other regional banks, on the failures of Silicon Valley Bank and Signature Bank and fear of broader contagion. Importantly, MTB has neither the same kind of client concentration risk nor duration risk that impacted Silicon Valley Bank. Particularly with respect to duration risk, MTB was an outlier in its conservatism with respect to buying shorter-term securities in a very low rate environment. MTB does have exposure to commercial real estate, including office real estate. While we do expect some elevated credit losses in this portion of the loan portfolio, we note MTB has historically been an effective manager of risk, and we remain confident that management has behaved with appropriate caution." M&T Bank Corporation (MTB) NYSE - NYSE Delayed Price. 123.76-0.45(-0.36%)
NOT A REGIONAL BANK BUT A VALUE NEVER THE LESS-> Description Celebrating its 50th anniversary, W. P. Carey ranks among the largest net lease REITs with an enterprise value of approximately $25 billion and a well-diversified portfolio of high-quality, operationally critical commercial real estate, which includes 1,446 net lease properties covering approximately 176 million square feet and a portfolio of 84 self-storage operating properties, as of March 31, 2023. With offices in New York, London, Amsterdam and Dallas, the company remains focused on investing primarily in single-tenant, industrial, warehouse and retail properties located in the U.S. and Northern and Western Europe, under long-term net leases with built-in rent escalations.
Nearly all the leases W.P. Carey signs with tenants feature contractual rate increases. The majority link rents to inflation (37% uncapped to the consumer price index (CPI) and 19% capped). Meanwhile, another 40% of its rents rise at a fixed rate, and 3% more are either percentage rent (it participates in the gross revenue its tenants generate above a certain level) or have some other increase mechanism. While rising interest rates have helped cool down CPI, W.P. Carey will see the benefit of elevated inflation on rent growth through at least next year. CEO Jason Fox stated in the last earnings release, "We expect our contractual same-store rent growth to remain elevated -- averaging around 4% in 2023 and over 3% in 2024 -- given the lag on which CPI-linked escalations flow through to rents." Embedded rental increases will grow AFFO, helping support continued dividend increases. Meanwhile, W.P. Carey's post-dividend free cash flow and balance sheet capacity gives it the financial flexibility to continue making accretive acquisitions. The company expects to invest $1.8 billion to $2.3 billion in expanding its portfolio this year. These deals will supply it with incremental rental income that should steadily rise, driven by rental rate escalation clauses. Those dual drivers will provide more support for future dividend growth.