Introduction
CapriMadison is a publicly traded real estate investment trust (REIT) that has been operating since 1998. The company specializes in acquiring, developing, and operating multifamily properties in the United States. As of December 31, 2022, CapriMadison's portfolio consisted of 80 properties with over 21,000 units.
Investment Strategy
CapriMadison's investment strategy is focused on acquiring properties in high-growth markets with strong job growth and population growth. The company targets properties that are located in close proximity to major employment centers, transportation hubs, and retail amenities. CapriMadison typically acquires properties that are in need of renovation or redevelopment, which allows the company to improve the properties and increase their value.
Property Portfolio
CapriMadison's property portfolio is diversified across multiple geographic regions, including the Sun Belt, the Northeast, and the Midwest. The company's largest markets are in Texas, Florida, and Georgia. CapriMadison's properties consist of a mix of apartment complexes, townhomes, and single-family homes.
Financial Performance
CapriMadison has a strong financial track record. The company has generated consistent growth in its revenue and earnings per share (EPS) over the past several years. In 2022, CapriMadison reported revenue of $526.8 million and EPS of $2.49. The company's funds from operations (FFO) per share, a key metric for REITs, was $1.89 in 2022.
Dividend Policy
CapriMadison pays a quarterly dividend to its shareholders. The company's dividend has grown steadily over the past several years. In 2022, CapriMadison paid a total of $1.76 per share in dividends. The company's dividend yield is currently around 4.5%.
Valuation
CapriMadison trades on the New York Stock Exchange under the ticker symbol "CMCT." As of March 8, 2023, the company's market capitalization was approximately $3.0 billion. CapriMadison's stock price has outperformed the S&P 500 Index over the past several years.
Analyst Ratings
CapriMadison has received positive ratings from several Wall Street analysts. The consensus rating on the stock is "Buy." Analysts have cited the company's strong financial performance, its experienced management team, and its attractive dividend yield as reasons for their bullish outlook on CapriMadison.
Risks
Like all investments, investing in CapriMadison involves certain risks. Some of the risks associated with investing in CapriMadison include:
Conclusion
CapriMadison is a well-established REIT with a strong track record of financial performance. The company's diversified property portfolio, experienced management team, and attractive dividend yield make it an attractive investment for income-oriented investors. However, it is important to be aware of the risks associated with investing in CapriMadison before making a decision.
Tables
Year | Revenue ($ millions) | EPS | FFO Per Share |
---|---|---|---|
2022 | $526.8 | $2.49 | $1.89 |
2021 | $480.3 | $2.25 | $1.73 |
2020 | $435.6 | $2.01 | $1.61 |
Geographic Region | Number of Properties | Units |
---|---|---|
Sun Belt | 35 | 11,000 |
Northeast | 25 | 6,000 |
Midwest | 20 | 4,000 |
Analyst Rating | Number of Analysts |
---|---|
Buy | 8 |
Hold | 2 |
Sell | 0 |
Tips and Tricks
Common Mistakes to Avoid
FAQs
Call to Action
If you are interested in learning more about CapriMadison, I encourage you to visit the company's website or contact a financial advisor.
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