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Our 'Top Preferred Stock Pick', 9% Yield And Big Upside, From Pennsylvania REIT

Published Tue, 19 Mar 2019 07:15:00 -0400 on Seeking Alpha

Co-produced with Beyond Saving and PendragonY for High Dividend Opportunities.
Mall REITs across the board have been under siege as high-profile bankruptcies like Bonton (OTC:BONT) and Sears Holdings (OTCPK: SHLDQ) have led to vacancies and elevated capital expenditures.
"The Mall" is changing: the oversized box stores with aisle after aisle of things that are perpetually "on sale" have failed to attract the loyalty of modern consumers.
Once upon a time, Sears was a destination that consumers set out for, whether the kids needed back-to-school clothes, dad needed some tools, mom wanted to redecorate, or it was time to upgrade the washer and dryer- Sears was the place to go. Put it on the Sears card and worry about paying for it later.
You just might be a Millennial if your parents didn't have a Sears card.
The ultimate bankruptcy of SHLD has been obvious for a long time. It has been a question of "when", not a question of "if". Now that it has happened, fear has rocked the mall industry. It is at such points of irrational fear that the best investments can be made.
Malls are changing; they are introducing a greater variety of stores. While some brands of clothing stores continue to expand, like Burlington (BURL), Ross (ROST) and H&M, increasingly anchor space is being used for entertainment destinations. Dave & Busters (PLAY), AMC (AMC), Round One, fitness centers, and various dining establishments have been renting spaces. Instead of being... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
CBL & ASSOCIATES PROPERTIES 1.38   0.0 -0.95 0.35 27.34
WP GLIMCHER 4.18   24.6 0.17 1.00 24.10
ROSS STORES 109.36   24.8 4.40 1.02 0.94
BON-TON STORES 0.09   0.0 0.00 0.00 0.00


Older articles featuring Cbl & Associates Properties (CBL):
Upside-Down Week As REITs Stumble And Yields Surge
CBL Properties Declares Preferred Stock Dividends
Cashing In Dividends From Excessive Fear To Generate Income From Mall REITs
The Stunning Story Of Retail eREITs And Why Total Return Matters Even For Dividend Growth Investors - Part II
Washington Prime Group: Why A Dividend Cut Is Very Likely
Our High Yield REIT Portfolio: Q2 2019 Update
CBL Properties Declares Preferred Stock Dividends
Our High Yield REIT Portfolio Heading Into The 2nd Quarter
Washington Prime: Why I'm Short This 18% Yielder
Dividends By The Numbers For March 2019 And 2019-Q1