To expand its property base in targeted thriving markets, Gladstone Commercial Corporation (GOOD – Free Report) shelled out $13.6 million in total for purchasing two industrial assets in Jacksonville, FL and Fort Payne, AL.
The acquisition comes as part of GOOD’s strategy of expanding on the buyouts of functional assets in thriving industrial locations, which are leased to tenants with solid credit profiles.
However, reflecting broader market concerns, shares of Gladstone Commercial declined 1.82% to $16.69 during Friday’s regular trading session.
Gladstone Commercial purchased the Jacksonville asset in a sale/leaseback transaction with twenty years of remaining absolute NNN term. The other asset, which is in Fort Payne, was acquired through a UPREIT transaction and carries 14.8 years of residual NNN term.
The addition of these mission-critical industrial facilities in growth markets has helped GOOD improve the weighted average lease term and increase its industrial concentration. This is likely to help the company generate stable revenues for a long period.
Gladstone Commercial is currently focused on expansions. From the beginning of the year through Aug 31, 2022, the company shelled out $83.9 million as the total cost for the acquisition of 988,303 square feet of industrial real estate. These consisted of nine properties and five tenants with an average remaining lease term at acquisition of 9.1 years.
Moreover, Gladstone Commercial has been witnessing active leasing, aiding solid occupancy, healthy rental collections and ample liquidity to back its acquisitions and growth efforts. As of Aug 31, 2022, Gladstone Commercial’s portfolio occupancy was 96.9% due to successful leasing activities. The company collected 100% of the August cash base rent. The healthy levels of rental receipts have enabled GOOD to maintain its dividend rate.
However, shares of this Zacks Rank #3 (Hold) company have declined 12.3% in the past three months, wider than its industry’s fall of 10.3%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Image Source: Zacks Investment Research
Stocks to Consider
Some key picks from the REIT sector include Prologis, Inc. (PLD – Free Report) and Extra Space Storage Inc. (EXR – Free Report) .
Prologis holds a Zacks Rank of 2 (Buy) at present. Prologis’ 2022 revenues are expected to increase 7.6% year over year. The Zacks Consensus Estimate for PLD’s 2022 funds from operations (FFO) per share has been revised marginally upward in the past two months to $5.17.
The Zacks Consensus Estimate for Extra Space Storage’s 2022 FFO per share has moved four cents north to $8.49 in the past week. Extra Space Storage’s 2022 revenues are expected to increase 19.7% year over year. Currently, EXR carries a Zacks Rank of 2.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) — a widely used metric to gauge the performance of REITs.
Real estate remains India’s preferred asset class with nearly 50 per cent of customers expecting prices to increase and the economy to grow, said a survey’s report on Monday.
The survey by Housing.com and National Real Estate Development Council (NAREDCO) found that 47 per cent of respondents prefer to invest in real estate. As many as 21 per cent of respondents prefer to invest in the stock market, 16 percent in fixed deposits and 15 per cent in gold. It found that 48 percent of respondents anticipate real estate prices to rise.
“India’s residential market has seen a sharp revival in demand after the second wave of the Covid-19 pandemic. The rising cost of borrowing, increase in input costs and strong demand has resulted in a rise in housing prices,” said Dhruv Agarwala, group chief executive officer, Housing.com, PropTiger.com & Makaan.com.
Housing demand is expected to remain strong in the coming quarter on the back of strong consumer sentiment and the seasonal uplift in the festival season, he said.
Homebuyers are cautious but optimistic about the economic scenario, said the survey. Seventy-three percent of respondents feel that the economy would continue to grow. While global uncertainties have moderated the outlook, the sentiment regarding the economy remains well above the dip recorded in 2020.
The income outlook has reached an all-time high of 65 per cent since 2020. Strong services activity, optimistic hiring scenario and a stable unemployment rate have bolstered consumer confidence in their future earnings, said the report that surveyed a thousand respondents in the real estate market about Delhi NCR, Ahmedabad, Mumbai, Pune, Hyderabad, Bangalore, Chennai, and Kolkata.
“The residential markets across India remain upbeat despite growing concerns about rising interest rates. The stronger sales momentum anticipated in the coming months and quarters stems from the fact that property remains the best asset class as the latest Consumer Sentiment Outlook (Jul-Dec 2022) suggests that real estate has remained a favourite asset class among potential buyers,” said Rajan Bandelkar, president of NAREDCO. People’s desire to own a home and their goal for financial security has strengthened housing sales over the past two years.
This festive season will likely bring more deals favouring first-time homebuyers. With users remaining confident about the economy, the real estate sector will likely register a remarkable quarter, said Bandelkar.
The survey said that despite the hikes in property prices and interest rates, homebuyer sentiment will be positive in 2022.
“As for the repo rate, while the hike was imminent, it remains below the pre-pandemic levels of 5-6 percent. The confidence in future earnings coupled with the pandemic-induced importance of homeownership will continue to drive residential sales not only in the top metros but also in the Tier-II cities,” said Ankita Sood, head of research at Housing.com, PropTiger.com & Makaan.com.
Toyota announces $1 million investment in Triad education programs
Updated: 5:42 PM EDT Sep 24, 2022
In an effort to enhance workforce readiness, Toyota announced a $1 million investment to expand education opportunities for students in the North Carolina Triad.The community investment to support workforce development was announced Saturday during the Liberty Fall Festival. The funding aims to increase student access to STEAM (Science, Technology, Engineering, the Arts and Mathematics) education in the area.”We have 2,100 jobs to fill in North Carolina, so better preparing our next generation workforce is critical,” Sean Suggs, Toyota Battery Manufacturing, North Carolina (TBMNC) president said in a news release announcing the investment. “Toyota is committed to providing resources, time and knowledge to help build stronger communities in which we operate. We’re grateful for our education partners that share the same passion.” At the end of last year, North Carolina government officials had announced the construction of a Toyota battery manufacturing plant at the Greensboro-Randolph Megasite.According to the automotive manufacturer, Toyota recently announced an additional investment of $2.5 billion in its newest North American facility, TBMNC, resulting in the creation of 350 new jobs. Bringing the Liberty facility’s total investment to $3.8 billion, creating 2,100 direct jobs.Communities in Schools of Randolph County (CiSRC) and North Carolina Agricultural and Technical State University (NC A&T) will each receive $500,000 to help strengthen STEAM education programs that support career readiness.
LIBERTY, N.C. —
In an effort to enhance workforce readiness, Toyota announced a $1 million investment to expand education opportunities for students in the North Carolina Triad.
The community investment to support workforce development was announced Saturday during the Liberty Fall Festival. The funding aims to increase student access to STEAM (Science, Technology, Engineering, the Arts and Mathematics) education in the area.
“We have 2,100 jobs to fill in North Carolina, so better preparing our next generation workforce is critical,” Sean Suggs, Toyota Battery Manufacturing, North Carolina (TBMNC) president said in a news release announcing the investment. “Toyota is committed to providing resources, time and knowledge to help build stronger communities in which we operate. We’re grateful for our education partners that share the same passion.”
At the end of last year, North Carolina government officials had announced the construction of a Toyota battery manufacturing plant at the Greensboro-Randolph Megasite.
According to the automotive manufacturer, Toyota recently announced an additional investment of $2.5 billion in its newest North American facility, TBMNC, resulting in the creation of 350 new jobs. Bringing the Liberty facility’s total investment to $3.8 billion, creating 2,100 direct jobs.
Communities in Schools of Randolph County (CiSRC) and North Carolina Agricultural and Technical State University (NC A&T) will each receive $500,000 to help strengthen STEAM education programs that support career readiness.
by Calculated Risk on 9/24/2022 08:11:00 AM
The key reports this week are August New Home sales, the third estimate of Q2 GDP, Personal Income and Outlays for August, and Case-Shiller house prices for July.
For manufacturing, the Richmond and Dallas Fed manufacturing surveys will be released this week.
—– Monday, Sept 26th —–
8:30 AM ET: Chicago Fed National Activity Index for August. This is a composite index of other data.
10:30 AM: Dallas Fed Survey of Manufacturing Activity for September.
—– Tuesday, Sept 27th —–
8:30 AM: Durable Goods Orders for August from the Census Bureau. The consensus is for a 0.1% decrease in durable goods orders.
9:00 AM: S&P/Case-Shiller House Price Index for July.
This graph shows the year-over-year change in the seasonally adjusted National Index, Composite 10 and Composite 20 indexes through the most recent report (the Composite 20 was started in January 2000).
The consensus is for a 17.0% year-over-year increase in the Comp 20 index for July.
9:00 AM: FHFA House Price Index for July. This was originally a GSE only repeat sales, however there is also an expanded index.
10:00 AM: New Home Sales for August from the Census Bureau.
This graph shows New Home Sales since 1963. The dashed line is the sales rate for last month.
The consensus is for 500 thousand SAAR, down from 511 thousand in July.
10:00 AM: the Richmond Fed manufacturing survey for September. This is the last of the regional surveys for September.
—– Wednesday, Sept 28th —–
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
10:00 AM: Pending Home Sales Index for August. The consensus is 1.0% decrease in the index.
—– Thursday, Sept 29th —–
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for an increase to 218 thousand from 213 thousand last week.
8:30 AM: Gross Domestic Product (Third Estimate), GDP by Industry, and Corporate Profits (Revised), 2nd Quarter 2022 and Annual Update The consensus is that real GDP decreased 0.6% annualized in Q2, unchanged from the second estimate of -0.6%.
—– Friday, Sept 30th —–
8:30 AM: Personal Income and Outlays, August 2022 and Annual Update The consensus is for a 0.3% increase in personal income, and for a 0.2% increase in personal spending. And for the Core PCE price index to increase 0.5%. PCE prices are expected to be up 6.0% YoY, and core PCE prices up 4.8% YoY.
9:45 AM: Chicago Purchasing Managers Index for September. The consensus is for a reading of 52.0, down from 52.2 in August.
10:00 AM: University of Michigan’s Consumer sentiment index (Final for September). The consensus is for a reading of 59.5.
PHILADELPHIA – Adjusting your basis in a rental property can lower the tax you owe when you sell it. For example, if you bought your rental property for $120,000, plus $3,000 for legal fees and $10,000 for capital improvements and financed it for ten years, and you built a fence on your neighbor’s property, your basis will be reduced to $134,400. You’ll pay $13,000 in taxes, not including additional taxes collected by the state.
Capital gain
Whether you’re selling your primary residence or a rental property, there are strict rules regarding capital gains taxes. Capital gain is the amount you make from selling a property after deducting the original purchase price and any major improvements. You must calculate this amount and pay it to the federal and state governments.
The standard capital gain tax is 15%, but you may have to pay more if you’re over a certain income level. That’s because you’ll have to pay Medicare tax on top of the tax on the capital gain. You can calculate how much you’ll owe based on the sale price and the expenses you’ve made, such as major renovations.
The amount of capital gain you have to pay depends on how long you have owned the property. If you’ve held the rental property for more than one year, you may have to pay a higher tax rate. However, the tax rate is lower for long-term capital gains than for short-term ones.
Adjusting basis
The first step in determining your adjusted basis when selling your rental property is its original cost. This is the cost you paid for the property when you bought it or built it. The adjusted basis will be equal to this amount less any casualty loss amounts and any other decreases in value. You also have to include mortgage proceeds.
In some cases, you can claim an exclusion for the loss on the sale of a rental property. For instance, if you buy an apartment building for $3 million and rent it out for two years, you can claim a loss of $14,909 or more.
In addition to the sale price, you also have to consider any selling costs, which will reduce your adjusted basis. These costs include commissions and advertising expenses. In addition to the costs associated with selling your rental property, depreciation on the property is included in the adjusted basis. If your property depreciates by $10,000 a year, your adjusted basis will be $353,000. Any additions or improvements to the property would also be included in the adjusted basis.
Tax-loss harvesting
Tax-loss harvesting is a way to use capital losses to offset taxable investment gains. It is possible to harvest losses from a number of types of accounts, including IRAs, 401(k)s, and 529s. These accounts provide a tax force field that allows investors to deduct losses from their investments.
The IRS has rules to prevent taxpayers from gaming the system. These include the “wash-sale” rule, which prevents investors from claiming a taxable loss on an investment that has been held for more than 30 days. These rules also apply to spouses.
Tax-loss harvesting is a good way to reduce your tax bill. It means selling investments at a loss and using the money to offset other investments. You can use up to $3,000 of capital losses each year as a tax deduction and carry the rest to future years. This can turn a lost investment into a winner.
In order to qualify, you must sell your rental property before 2023. The capital gain you realized on the sale equals the difference between the cost basis and the sale price. In 2023, the capital gain is $305,000, which means you’ve made a $150,000 profit. You can use that money as an investment real estate loss tax deduction.
BIDEN’s tax reform
The Biden administration recently released its fiscal year 2023 budget blueprint, including several familiar tax reform proposals and brand-new initiatives. It also calls for the highest individual tax rate to increase to 39.6% and for well-off households to pay higher tax rates. These proposals could potentially increase the tax you pay when selling a rental property.
If you want to minimize the tax, you pay when selling your rental property, you should consider structuring the sale so that you can use installment plans to pay off your tax bill. The budget proposal offers options to help wealthy taxpayers spread the top-up payments over nine years. It also offers flexibility to those who lack the liquidity to pay in full. In addition, the Biden administration proposes a $50 billion measure for state housing agencies that allows states to increase the supply of affordable housing through tax-credit projects financed by passive activity bonds.
Biden’s budget also proposes eliminating the like-kind exchange loophole, which allows wealthy real estate investors to sell rental properties without paying tax on the realized capital gain in the year of sale. Biden’s budget also includes several other tax reforms that could significantly affect your personal tax bill. One of the new proposals in the budget proposes a broadening of recaptured depreciation deductions for many property types, including residential rental property, commercial real estate, warehouses, and structural components.
NEW YORK, Sept. 20, 2022 (GLOBE NEWSWIRE) — New York-based HPP Real Estate, a division of Hill Property Partners LLC (HPP), is pleased to announce it has closed on the recapitalization of North Hill Apartments, a 148-unit multifamily rental property located in Virginia Beach, Va., just one year after purchasing the asset.
The recapitalization marks the first transaction between HPP and Machine Investment Group (MIG)—a real estate investment platform focused on opportunistic, distressed, and special situations across the United States—as the two companies look to form a strategic partnership to buy value-add properties throughout the country.
“We are very pleased to have accomplished this portion of our business plan for North Hill—to complete an institutional level recapitalization following the implementation of an asset repositioning program that included extensive on-site capital improvements and a rebranding strategy that resulted in a higher rent trajectory for the property,” said Griffin Hoffmann, Partner at HPP Real Estate. “Eric and the MIG team are experienced, dedicated and a pleasure to work with. Their institutional investment platform is a perfect complement to HPP’s platform; we are excited to continue our partnership together moving forward.”
HPP acquired the 126,936-square-foot property in September 2021 for $28,175,000. Following the purchase, HPP embarked on a significant multimillion-dollar capital improvement program that included a full rebranding of the property; the addition of a state-of-the-art fitness center; and a renovation of the facility’s pool area, a revamped dog park, gut renovations of individual units, and additional updates throughout the property. HPP also retained Greystar to manage the property. As a result, HPP has realized rent increases of 25-plus percent property wide in less than 12 months. Renovations at the property are expected to be completed in Q4 of 2022.
The new joint venture plans to complete the value-add program that has been implemented and continue to reposition the asset into a class A rental community in the desired Hilltop submarket of Virginia Beach, Va. just minutes from the beach.
“The closing of this transaction with MIG marks the successful realization of HPP’s strategy to combine the depth of our GP family office-based capital structure with top tier institutional level LP investment partners”, added Mitchel Hill, Managing Partner at HPP Real Estate.
“HPP’s operational experience, creativity and professionalism made them an excellent partner to team up with on the recapitalization of North Hill Apartments. The institutional quality of this multi-family asset and HPP’s plans for it fit nicely within our fund as we continue to deploy capital across the U.S,” said Eric Rosenthal, co-founder and managing partner of MIG. “We look forward to working with HPP on future transactions in the near term.”
HPP is seeking to make significant GP and Co-GP investments in the near term with a target investment range per transaction of between $1.5 to $10 Million in GP capital, while MIG recently announced the closing of Machine Real Estate Fund I with approximately $350M in primary and co-investment capital to identify value-add and opportunistic investments across all commercial asset classes and capital stack positions.
About North Hill Apartments
Built in 1985 and renovated in 2022, North Hill Apartments features 148 two-bedroom residences with an average unit size of 858 square feet. The complex is located within the exclusive Hilltop Retail Corridor, one of the most desirable neighborhoods in all of Virginia Beach due to its robust collection of national and local retailers. Nearby retailers include grocers such as Trader Joes, Walmart, Target and Whole Foods. North Hill Apartments is less than 8-minutes from the Virginia Beach oceanfront and boardwalk, creating a unique sense of place and amenity for residents. For more information on North Hill Apartments, please visit https://www.livenorthhillapts.com/#
IMAGES: To view and download images of North Hill Apartments, please visit: https://www.dropbox.com/sh/6no02o9iiehpthl/AACsAg44nT1hWfftDUee1N4Ya?dl=0
HPP Real Estate LLC, a division of Hill Property Partners, (“HPP”) is a private investment firm that focuses on acquiring and developing commercial and multifamily real estate investments throughout the United States. As an owner, operator, and developer, HPP strives to achieve above market returns for its investors and partners by combining an opportunistic strategy with diligent and conservative underwriting and leveraging extensive relationships in the industry to source and execute creative and unique deals. Backed by significant family offices, HPP focuses on GP, Co-GP and controlling LP opportunities. HPP has also placed multiple debt investments through its lending program. Founded in 2015 by managing partner Mitchel Hill, and with the addition in 2021 of partner Griffin Hoffmann, HPP has acquired, developed, and invested in over 10,000 multi-family units, as well as multiple mixed use and commercial office properties in various US markets. HPP’s offices are currently located in New York City and Port Washington, NY. For more information, please visit https://hillpropertypartners.com
Machine Investment Group is a real estate investment platform focused on opportunistic, distressed, and special situations across the United States. Founded by former senior executives from Garrison Investment Group, Machine invests primarily in the middle market, where its reputation as a reliable counterparty, its solutions-oriented approach and extensive lender relationships distinguishes the firm from the competition. Machine’s strict risk discipline, institutional operating processes and well-developed sourcing network has been cycle-tested and is designed to deliver consistent, opportunistic returns while minimizing losses. For more information, please visit https://machineinv.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b8f5a1cb-99df-404a-8b40-d59503d36f99
As India eyes another possible rate hike following the US Federal Reserve’s anticipated moves this week, the Indian rupee is bobbing just shy of the key psychological level of INR 80 to the US dollar.
While this is not great news if you are an Indian importer, for expatriates in the GCC, analysts agree the time may be ripe to consider property investment back home.
The Indian rupee is trading at 79.65 against the US dollar on Tuesday morning.
This indeed is a good time for Non-Resident Indians (NRIs) to take advantage of the depreciated rupee as well as the growing real estate market in India, said Kunal Chawla, Chief Investment Officer at the Dubai DIFC-based Finmark Capital Ltd.
“If you study rupee over the long term, you will find that after every depreciation rupee consolidates for a long period before any new downward slide, and if that holds true this time as well, then you have a good level of entry at INR 80 per USD,” he told Zawya.
According to a recent report by real estate advisory 360 Realtors, NRI investments in the real-estate sector accounted for $13.1 billion in 2021 and are projected to grow by 12% in 2022.
Chawla said there are other reasons as well to consider property investment in India right now, including the relatively poorer performance of other asset classes and a simplified tax regime where “any capital appreciation is taxed at 20% flat post indexation when held for over two years.”
Ramesh Ranganathan, CEO (Residential) of K Raheja Corp., K Raheja Corp., an Indian developer, told Zawya recently that NRIs in the GCC have played a very large role in terms of investment back home.
He also observed that the ongoing pressure on the rupee has sped up decision-making among investors.
However, he added that it was not only the weaker rupee that has led to recent rise in property buying; there have been “…other structural changes like a stamp duty waiver, which really created a greater level of momentum for transactions going through, though this was more specific to the state of Maharashtra.”
While the evolution of a post-Covid remote workstyle has led to a slight shift from traditional metros, NRI investments do tend to focus on urban centres. “While more than 56% of all real estate investments by NRIs are made in Delhi-NCR, Bengaluru is second with 22% and Mumbai is third with 11%,” India-based real estate developer DLF said in a recent report.
Chawla believes that India’s status as one of the fastest-growing economies in the world in 2022 and the likelihood it will remain among the top growth economies for the entire decade are also key factors in the investments.
“This would support the case for growth across segments, from the lower end of the spectrum, with greater inclusions from government schemes to middle income [segments] who are seen to be migrating to high-rise buildings and ultra-luxurious sought-after properties, from Jor Bagh in Delhi to Pali Hill in Mumbai,” he said.
Although Fitch Ratings last week trimmed its growth forecast for the Indian economy to 7% in 2022–23 from 7.8%, the growth projection is still high when compared to its global GDP forecast of 2.4%, down from 2.9% in 2022.
(Reporting by Brinda Darasha; editing by Seban Scaria)
W.W. Grainger, Inc. (GWW – Free Report) is poised well to benefit from strong momentum in the High-Touch Solutions and Endless Assortment segments. Efforts to strengthen customer relationships and investments in growth initiatives will continue to support the top line. Benefits from price realization and cost-reduction actions will boost margins. These factors make the stock a solid investment option.
Grainger currently has a Zacks Rank #2 (Buy) and a VGM Score of B. Our research shows that stocks with a VGM Score of A or B combined with a Zacks Rank #1 (Strong Buy) or 2, offer the best investment opportunities. You can see the complete list of today’s Zacks #1 Rank stocks here.
Solid Q2 Results: Grainger’s earnings and sales beat the Zacks Consensus Estimates in the second quarter of 2022 and also improved year over year. Results were driven by bullish demand in both the High-Touch Solutions N.A. and Endless Assortment segments.
Stellar Earnings Surprise History: Grainger‘s bottom line surpassed the Zacks Consensus Estimate in all the trailing four quarters. GWW has a trailing four-quarter earnings surprise of 7.95%, on average.
Positive Expectations: Earnings estimate for the current year is pegged at $28.04, suggesting growth of 41.5% from the year-ago reading. The estimate for 2023 stands at $29.67, indicating growth of 5.7% from the year-earlier actuals.
Upbeat View: Grainger projects current-year net sales between $15 billion and $15.2 billion. In 2021, GWW had reported sales of $13 billion. Management expects total daily sales growth between 14.5% and 16.5%. Its earnings per share guidance for 2022 is in the band of $27.25-$28.75, indicating growth of 41% at the midpoint from the year-ago reported figure. GWW’s margin will continue to gain traction from an improved pandemic product mix and pricing actions. Also, its strategic initiatives are driving growth.
High Return on Equity: Grainger’s trailing 12-month ROE supports its potential. Its ROE of 57.6% compares favorably with the industry’s average ROE of 8.7%, reflecting that it efficiently utilizes its shareholders’ funds.
Underpriced a Boon: Grainger’s price-to-earnings ratio shows that shares are underpriced at the current level, which is attractive for investors. GWW has a trailing P/E ratio of 18.01, below the industry average of 19.08.
Price Performance: Shares of Grainger have gained 19% in the past three months compared with the industry’s growth of 7.5%.
Image Source: Zacks Investment Research
Key Drivers
In the High Touch Solutions North America (N.A) segment, Grainger is witnessing revenue growth in nearly all the end markets. The upside can be attributed to double-digit revenue growth across all the North American regions and expansion in both the large and midsize customer base. The segment will continue to benefit from pricing actions and strength in the commercial, transportation and heavy manufacturing end markets.
The Endless Assortment segment gains from a strong customer acquisition at the Zoro and MonotaRO businesses. In 2022, Zoro’s business is expected to grow in the high teens, reflecting the addition of 2 million Stock Keeping Units (SKU) and focus on acquiring and retaining high-value customers.
Grainger’s High-Touch Solutions market continues to outpace the U.S. maintenance, repair and operating (MRO) market, supported by the constant traction of its growth initiatives. For the current year, GWW expects the High-Touch Solutions market to grow between 15.4% and 15.8%, up 300-400 basis points from the estimated U.S MRO market growth of 4-7%. Strategic activities, such as building advantaged MRO solutions, delivering unparalleled customer service, and offering differentiated sales and services will aid growth.
GWW saw strong growth in non-pandemic product sales as the U.S. economy recovered. Grainger is investing in the non-pandemic product inventory and partnering with suppliers to mitigate supply-related challenges, inbound lead time challenges and possible cost increases.
Grainger is also focused on improving the end-to-end customer experience by investing in its e-commerce and digital capabilities, and executing initiatives to better the supply chain. GGG continues to develop online capabilities that promote a personalized, relevant, effortless experience for each customer through Grainger.com, eProcurement connections, 1 solutions and mobile applications.
Other Stocks to Consider
Other top-ranked companies from the Industrial Products sector are discussed below:
RBC Bearings Incorporated (ROLL – Free Report) presently sports a Zacks Rank of 1. ROLL delivered a trailing four-quarter earnings surprise of 9.4%, on average.
ROLL’s earnings estimates have increased 31.1% for fiscal 2023 (ending March 2023) in the past 60 days. Its shares have surged 30% in the past three months.
Valmont Industries, Inc. (VMI – Free Report) presently has a Zacks Rank of 2. VMI’s earnings surprise in the last four quarters was 13.7%, on average.
In the past 60 days, Valmont’s earnings estimates have increased 4.3% for 2022. The stock has rallied 24.7% in the past three months.
Greif, Inc. (GEF – Free Report) is presently Zacks #2 Ranked. GEF delivered a trailing four-quarter earnings surprise of 22.4%, on average.
GEF’s earnings estimates have increased 4.6% for fiscal 2022 (ending October 2022) in the past 60 days. Its shares have risen 10.2% in the past three months.
Reported By:
| Edited By: |Source: |Updated: Sep 17, 2022, 10:43 PM IST
Eliminating the complexities of Real Estate investing with the Ace Investment Manager “Adil Sami”
Investing has been the best way to secure a man’s financial future over the years. While quick benefits come with increased risks, it is important to focus on long term investments. Adil Sami, a Turkish entrepreneur in real estate investment, has been in this game for more than 20 years.
Real estate investments have always been the ticket to long term wealth. Yet people have always been a bit skeptical while investing in real estate industry whether its lack of knowledge or the complexities that comes with the industry. Investing in real estate has always been expensive also alluring and long term but the problem lies in research and insights. People often pour all their life savings blindly in real estate before properly researching the value it would provide them after a certain amount of time. Adil and his team work relentlessly providing people a deeper analysis and insights over real estate investments to eliminate the risks that come with it.
The founder and CEO of Fortune Group Turkey, Adil Sami is a Turkish Entrepreneur in Real Estate industry. Reaching greater heights every year, the entrepreneur has covered milestones that many of us can barely dream of achieving. Adil and his team has procured over 1000+ satisfied clients and 400+ successful projects. Adil and his team give people in-depth knowledge and insights about Real Estate industry. With his help, people are left with boundless investment opportunities that may change their lives forever.
Turkey counts as of the most innovative and futuristic country that has provided big game Entrepreneurs and Business Tycoons over the years. Adil Sami is known as one of the most successful Self-Made Entrepreneurs who forever changed the game of Real Estate and Investment management industry globally. Adil’s mission is to strengthen the involvement of young minds in the business and property investment. Adil coins, “I started business and management companies a decade ago. As CEO and founder of various companies, my mission is to strengthen the involvement of young minds in the business and property investment sector in Europe, specifically Turkey. Based on the international experience, exposure, information, and decisions. I run my companies differently because of the experiences and sufferings that I faced earlier.”
According to Adil, “Investing for the future has never been more important than it is today. The recent financial storm has left many people shaken, and many more wondering if investing their hard-earned money is even worthwhile anymore. While this reaction is certainly understandable, it is important to keep in mind that no matter how bad things are, the economy will recover eventually. When that recovery begins, stocks and mutual funds may once again be the places to be, and those who were able to ride out the storm and keep investing may find themselves in an enviable position.”
The Ace in Real Estate Investment Industry, Adil Sami is here to eliminate all these complexities with his vast knowledge and experience. The winner of prominent awards like “Best International Real Estate Advisor”, “Businessman of The Year Azerbaijan” , “Luxury Lifestyle Award” , “Influencer Businessman of The Year” , “Best Investment Management Company” Adil also adds, “My vision at Fortune Group is to provide excellent services to our clients with utmost honesty, dignity, and transparency. We guide our clients to outshine their future regarding every kind of investment. My mission is to create a long-lasting positive impact in the market and the lives of our clients. Following the philosophy of putting our best efforts into everything we do and never compromising on the quality of work and services, the Fortune Group strives to keep its commitment to excellence by providing sincere guidance to clients.”
(Above mentioned article is a sponsored feature, This article is a paid publication and does not have journalistic/editorial involvement of IDPL, and IDPL claims no responsibility whatsoever)
VIETNAM, September 15 – HCM CITY – Amid a new wave of investors arriving in Việt Nam to explore its opportunities for foreign businesses, HCM City has strong potential to attract investment and drive innovation and sustainable growth, experts said.
HCM City is well-positioned to attract the lion’s share of the new wave of investors if it manages to mitigate a looming capacity shortage in terms of industrial land, office space, commercial real estate, and skilled labour, said Leif Schneider, vice chairman of Legal Sector Committee of the European Chamber of Commerce in Việt Nam.
HCM City continuously rakes in the highest figures of foreign investment, totaling US$3.74 billion last year, Schneider said at the Investment Support Forum and Review Conference of Investment Promotion Series held on Thursday in HCM City.
Three of the most important buzzwords for HCM City’s role in foreign direct investment (FDI) flows are digital, renewable and sustainable, he said.
One of the city’s greatest resources lies with its people. As foreign direct investment into HCM City gains sophistication, Việt Nam’s labour market will have to adapt to reflect the growing requirements in education and training.
Additionally, the city should continue its efforts to improve domestic infrastructure to support the absorption of increased trade and manufacturing activities.
Mary Tarnowka, executive director of the American Chamber of Commerce in Việt Nam, said, “Việt Nam is now one of the top destinations for FDI, both as companies seek to diversify their manufacturing supply chains and as they seek to target its own 100 million population and growing consumer class.”
“It is one of the fastest growing economies in the region, if not the world. It has a stable political environment, and a welcoming approach to FDI. It has a strategic location near source and consumer markets. It is integrated into a network of free trade agreements, from CPTPP and RCEP, the EVFTA and UKFTA, and now is part of the Indo-Pacific Economic Framework. And it has a young, relatively affordable tech-savvy workforce,” she said.
HCM City, a modern, dynamic city in the heart of Việt Nam’s Southern Key Economic Region, has all those advantages.
HCM City and the surrounding region is a top destination for multinational corporations seeking to diversify supply chains.
However, infrastructure gaps and lags in worker productivity could limit growth in Việt Nam generally and HCM City specifically.
The high cost of land in HCMC means a lot of manufacturing will move to nearby provinces, while HCM City needs to move up the value chain to focus on services, high-value manufacturing, and hopefully in the future, with the right regulatory environment and incentives, more international R&D centres.
HCM City needs the right urban planning and development policies to maintain its unique historic architecture and identity while facilitating its sustainable growth.
Tarnowka recommended that the investment climate be enhanced.
“The most important factor for a favourable investment climate is a fair, transparent, predictable, and streamlined regulatory environment that values innovation – not only to attract new investment, but also to maintain and grow investment already here,” she said.
“To ensure that HCM City’s manufacturing sector remains competitive and shifts to higher-value production, we encourage educational reforms, policies to promote supply chain localisation, investment in transportation and logistics infrastructure, actions to meet energy security and a clean energy transition, and increased incentives for high-tech investment and enhanced R&D capabilities,” Tarnowka said.
Seck Yee Chung, vice president of the Singapore Business Group, said that continued dialogue with investors, and fair, transparent, predictable, and efficient regulatory systems would help improve the investment environment in HCM City.
Ensuring smooth investment licence renewal and investment expansion approval, the upgrade and construction of infrastructure, master plans on logistics and warehouses, and digital infrastructure that allows for continuous cross-border data transfer and cybersecurity are all needed to improve the investment environment, he said.
Cao Thị Phi Vân, deputy director of the HCM City Investment and Trade Promotion Centre, said the city had many advantages to attract FDI flows, including a favourable geographic location, quality workforce and its leading position in manufacturing and high technology services.
She admitted that limitations in transportation infrastructure, logistics and workforce productivity needed to be addressed to improve the investment climate.
The city has attracted a total of 10,925 FDI projects worth US$78.3 billion from 115 countries and territories since 1988. – VNS