Research Feed
Colliers: Quality CRE Franchise at Cyclical Trough, Not Hidden Alpha
Colliers International (CIGI) dropped -23% in one month to $113 on a -4.5% Q4 EPS miss, amplified by sector-wide AI disruption fears. The thesis is factor timing, not discovery: buy a quality CRE services franchise at a cyclical trough (13.3x forward P/E on 15%+ guided growth), betting on CRE recove
Most SoCal-Concentrated Industrial REIT at Peer-Worst Valuation During Adjacent Inflection Calls
REXR is the worst-performing industrial REIT in its peer group (flat 1Y vs FR +12%, PLD +19%, STAG +18%) despite being the highest-beta play on SoCal industrial recovery. Three adjacent signals converged on Feb 5, 2026: FR (First Industrial): Same-day earnings call specifically called Inland Empire
LADR: $1.2B Deployment Into CRE Recovery at 8.3% Yield, RSI 29
Ladder Capital (LADR) missed Q4 distributable EPS by 28% ($0.17 vs $0.24) on a $5M charge-off, stock sold off -6.5% to RSI 29. The miss obscures what's happening underneath: $1.2B in loan originations over 7 months (Q3-Jan 2026), cash redeployed from $1.32B to $38M, securities up 93% into AAA CMBS,