No Real Excitement for Northstar Realty Europe

The pending Colony Northstar merger (described in prior articles) did not address the future of Northstar Realty Europe (NRE).  NRE claims to be undervalued for reasons similar to Northstar Realty Finance (NRF) (see NRE presentation): Share price ($9.86 on 10/27) is well below Net Asset Value independently assessed at $16.64 at 6/30/16. Quarterly dividend of … Continue reading No Real Excitement for Northstar Realty Europe

September 2016 Housing Price Data in Markets of Selected Chinese Property Developers

China Index Academy (a research unit of Soufun) released its monthly report of new home prices in 100 top Chinese markets (LINK).  On a national basis average selling prices rose 2.8% for the month and 16.6% from one year ago. In September more cities including Nanjing, Hangzhou, Zhengzhou, Kunshan, Jinan, Beijing and Tianjin introduced new … Continue reading September 2016 Housing Price Data in Markets of Selected Chinese Property Developers

September 2016 Housing Price Data for Yuzhou Properties’ Markets

China Index Academy (a research unit of Soufun) released its monthly report of new home prices in 100 top Chinese markets (LINK).  On a national basis average selling prices rose 2.8% for the month and 16.6% from one year ago. In September more cities including Nanjing, Hangzhou, Zhengzhou, Kunshan, Jinan, Beijing and Tianjin introduced new … Continue reading September 2016 Housing Price Data for Yuzhou Properties’ Markets

Impact of Recent Vehicle Sales Trends on US Listed Chinese Auto Suppliers (September Update)

Vehicle sales in China were 26.6% higher in September than one year ago.   September Passenger vehicle sales were 28.9% higher than one year ago  with continued support from the purchase tax reduction that began last October and will continue until the end of this year.  Year-over-year comparisons may weaken in coming months. Commercial Vehicle sales … Continue reading Impact of Recent Vehicle Sales Trends on US Listed Chinese Auto Suppliers (September Update)

Does the Colony Northstar Merger Offer Fair Value to NSAM Shareholders?

Activist shareholders of Northstar Asset Management (NYSE:NSAM) have signaled an intention to vote against the proposed three way merger with Colony Capital and Northstar Realty Finance.  Background in prior articles Colony Northstar: Will this team of overpaid former all-stars end up like the Brooklyn Nets? describes the merger transaction and the problems at NSAM and Northstar Realty … Continue reading Does the Colony Northstar Merger Offer Fair Value to NSAM Shareholders?

Xinyuan 3Q16 Contract Sales Estimate from CRIC

China Real Estate Information Corporation (CRIC – a subsidiary of E-House) released estimated 3Q16 sales data for the country’s top 100 property developers (LINK).  Xinyuan China is shown at #75 with estimated sales of 14.01Bn RMB.  Xinyuan likely benefited from both high sales volume and rising prices in its key markets. CRIC does not have access … Continue reading Xinyuan 3Q16 Contract Sales Estimate from CRIC

September 2016 Housing Price Data for Xinyuan Real Estate’s Markets

China Index Academy (a research unit of Soufun) released its monthly report of new home prices in 100 top Chinese markets (LINK).  On a national basis average selling prices rose 2.8% for the month and 16.6% from one year ago. In September more cities including Nanjing, Hangzhou, Zhengzhou, Kunshan, Jinan, Beijing and Tianjin introduced new … Continue reading September 2016 Housing Price Data for Xinyuan Real Estate’s Markets