This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

REIT Has Excel-lent Chance of Raising Dividends

NEW YORK ( TheStreet) -- It seems that the West Coast has been a terrific market for launching real estate investment trusts, especially several San Diego-based shopping center REITs. Last week I wrote about Retail Opportunity Investment Corporation (ROIC - Get Report), a "sharp shooting" value add REIT that has been making waves. As I explained in an article on The Street:

"ROIC's differentiated model focuses on acquiring properties from distressed or under-capitalized shopping center owners."

Just a few miles away from ROIC's corporate office in San Diego is Excel Trust (EXL - Get Report) another uniquely positioned shopping center REIT. Organized on Dec. 15, 2009, Excel went public on April 28, 2010 (almost three years ago) and since that time the strategically-focused retail REIT acquired 32 properties focused on necessity-brand tenants with a value oriented sales model. Excel's tenant roster consists of many leading "best in class" retailers including Publix Super Markets, Lowe's Companies (LOW), Bed Bath & Beyond (BBBY), Kohl's (KSS), Ross Stores (ROST), and TJX Companies (TJX) TJX Companies (TJX) .

Excel's investment platform is to locate in hubs that form a lower circle around the U.S. By connecting dots in San Diego, San Francisco Bay, Phoenix, Dallas, Atlanta, and Washington, DC, the "smile states" model forms a demographic footprint representing a broad base of retail tenants with above average sales per square foot.

Differentiated by Experience

Although Excel is a fairly new REIT, the company has considerable experience and a proven track record. Many of the senior associates were assembled during the time in which Chairman Gary Sabin launched Excel Realty Trust (not to be confused with the original Excel Trust, Excel Realty Trust was Sabin's initial vehicle when he started his career in 1978). Sabin's former company, Excel Realty Trust went public in 1993 and had several exceptional years where his company was a top REIT performer (1995 and 1997). After a series of mergers, most of the assets at Excel Realty Trust were rolled into Kimco Realty (KIM - Get Report) in 2004.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
EXL $15.87 -0.25%
KIM $24.40 0.64%
ROIC $16.82 -0.53%
AAPL $128.73 -0.17%
FB $78.81 -0.23%

Markets

DOW 18,070.40 +46.34 0.26%
S&P 500 2,114.49 +6.20 0.29%
NASDAQ 5,016.9290 +11.5380 0.23%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs