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American Realty Capital Propert Message Board

  • alexalekhine alexalekhine Dec 1, 2013 4:57 PM Flag

    Barron's Writeup

    Very bullish writeup in Barron's this weekend highlights the 7% yield
    pro forma for the COLE acquisition expected to close by the end of 14H1.

    Indicates that competitors NNN & O trade with yields in the 5%-6% range,
    leaving ARCP with upside to those yield levels from here.

    Of course, rising interest rates remain a price risk for all REIT shares.

    Article highlights ARCP's pro forma size.

    I also noticed that Moody's recently issued its first rating on ARCP,
    Baa3 (investment grade) with a Stable Outlook. Usually they won't do
    that unless a bond offering is in the works.

    Is there any intelligent life on this board?


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    • Aah, intelligent life detected!

      I had not thought about inclusion in the S&P 500, but it does not seem unreasonable post-COLE.

      One of the things I think has kept a lid on valuation here maybe is the speed at which the company has been transformed combined with the structure with multiple partnerships.

      I definitely have more work to do, but the deal for COLE is very confirmatory to a view that the problems are transitory. Transitory problems tend to result in intermediate term stock appreciation...and it certainly is nice to be well paid to wait.

      The stock is getting a fairly typical "Barron's Bounce" this morning. I will probably be looking for an entry point in the coming week....perhaps by selling put options against it (though that forfeits the monthly dividend).

      Thanks to both of you for your comments. See you soon.


    • Yeah, there is some long term holders checking in every once in a while. IF ARCP completes the internalization and ARC IV we should see a boost, then another increase after COLE merges. It will just take a little time. Maybe another 3-6 months. Can't wait to see what ARCP does after COLE................ LOL

      Sentiment: Strong Buy

    • alex, I read the same...will probably buy more tomorrow. if ARCP is included in the S&P500, then the fund need to buy it too. Yup there's some life here.

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