8-27-2023 Militia ManArticle Quote: "Iranian Deputy foreign minister...announced his county no longer has any frozen funds in Iraq and South Korea after the understanding between Tehran and Washington... Funds in Iraq has already begun to be solved..."
If Iran has the full authority to manage its funds there's no sanctions...That's phenomenal...Iran is a major trading partner with Iraq and they will need to do trade with local currencies. From this deal...the process of money moving should have not problem...They should be on a competitive exchange rate system with local currencies...Iraq is the heart of this whole deal.
Militia Man
Article quote "Joint efforts to attract investors and developing the economic plan." The Securities Commission is looking to make headway now big time.
Global investors are not going to come into Iraq Stock Exchange at 1310. They've not done it before and they're not going to do it tomorrow. Something is going to have to change for them to be motivated
Militia Man [Reference Guru Clare's Iran Article below] If they released the funds to Iran there's something going on. If sanctions have been lifted there's a reason for that...
We're going to find out really quick what that really truly means...The most important situation to me is they are going to release billions of dollars and they already begun that process to do so...
Formation Of A Joint Committee Between Baghdad And The Region Regarding Approving The Oil And Gas Law
political | 03:16 - 08/27/2023 Baghdad - Mawazine News, a member of the House of Representatives, Firas Al-Maslamawi, announced, on Sunday, the formation of a joint committee with the region regarding the approval of the oil and gas law, while he expected the date for the approval of the law.
Al-Maslamawi said, "A committee was formed by the Minister of Oil, the Minister of Natural Resources in the region, the general manager of SOMO and the advanced staff in the Ministry of Oil, as well as the oil-producing governorates such as Basra, Dhi Qar, Maysan and Kirkuk," noting that "the task of the committee is to develop a draft of the oil and gas law and present it to government and the House of Representatives.
He pointed out that "there is a real will of the House of Representatives in order to legislate the law," noting that "the current year's budget included the addition of two articles to the law, which is regulating the export of the region's oil in terms of export and depositing imports in a bank accredited by the Central Bank."
He explained, "Iraq's oil is one and indivisible, and there is a movement towards achieving justice in the distribution of wealth to the people, whether in the Kurdistan region or the center and south."
He added, "The atmosphere is suitable for approving the law, and it is hoped that the draft will be completed and reached parliament in the current legislative term," expecting "the approval of the law in the next legislative term after about 4 months."
https://www.mawazin.net/Details.aspx?jimare=233977
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Parliamentary Finance Reveals The Most Important Thing That Was Agreed Upon While Hosting The Governor Of The Central Bank
Political | 04:47 - 08/27/2023 Baghdad- Mawazine The head of the Parliamentary Finance Committee, Atwan Al-Atwani, revealed today, Sunday, the most important thing that was agreed upon during the committee’s hosting of the Governor of the Central Bank, Ali Al-Alaq, while indicating his assertion that the stability of the exchange rate takes place with the commitment to purchase from the government platform.
Al-Atwani said to the official agency, followed by Mawazine News, that "it was agreed during the hosting to form a joint committee from the Finance Committee and the competent staff at the Central Bank to study the revival and support of the housing loan initiative and ensure the permanence and continuity of its financing in a way that enhances economic stability and achieves sustainable development."
He added, "The governor of the central bank affirmed his efforts to reach a state of stability in the exchange rates of the dollar by committing to buying from the government platform."
And the Parliamentary Finance Committee confirmed in a statement issued by it that it discussed with Al-Alaq the Central Bank’s initiative to grant citizens loans to solve the housing crisis, as well as the exchange rate file.
The statement said that "Al-Atwani praised during the hosting the role of the Central Bank in financing loans related to solving the housing crisis in the country, with the aim of facilitating the investment sector, economic movement and employment," noting that "the suspension of the initiative affects the economic aspect and job opportunities, with the increasing need for housing units, Which requires conducting a feasibility study to reach an appropriate formula that meets the citizen's needs.
The statement quoted Al-Alaq as explaining the reasons that led to the suspension of the initiative, adding that “money has been allocated to the Real Estate Bank and the Housing Fund with the aim of achieving economic activity and launching the initiative,” while he indicated that “the bank deals with the file with an in-depth study in order to control the monetary mass in accordance with the policy.” Finance, stressing the need to increase capital and support the Central Bank to continue the initiatives.
According to the statement, hosting discussed the issue of the exchange rate of the dinar against the dollar, as well as tax procedures on products imported through the ports. End 29
Armour Residential REIT Inc. — Dividend yield: 19.83%
Apollo Commercial Real Estate Finance Inc. — Dividend yield: 13.74%
Chimera Investment Corp. — Dividend yield: 18.85%
Medical Properties Trust Inc. — Dividend yield: 14.68%
Office Properties Income Trust — Dividend yield: 14.10%
VICI Properties Inc. — Dividend yield: 4.94%
Gaming and Leisure Properties Inc. — Dividend yield: 5.85%
Mortgage REITs
Mortgage REITs invest in residential and/or commercial mortgages and, in some cases, mortgage-backed securities. They rarely, if ever, own or manage property themselves.
1. PennyMac Mortgage Investment Trust
PennyMac Mortgage Investment Trust (NYSE: PMT) invests in residential mortgages, mortgage servicing rights and mortgage-backed securities, as well as hedge investments that relate to these. The company works with prime credit quality loans that are newly originated.
PennyMac has a forward dividend of $1.60, with a yield of 13.52%. Shares closed at $11.74 on May 23 and have traded between $10.78 and $16.60 over the past 52 weeks.
2. Armour Residential REIT Inc.
Armour Residential REIT Inc. (NYSE: ARR) invests in residential mortgage-backed securities that are issued or guaranteed by Fannie Mae or Freddie Mac or are guaranteed by Ginnie Mae. Armour Residential REIT has a forward dividend of $0.96, yielding an eye-popping 19.83%. That said, it closed at $4.84 on May 23, near the low end of its 52-week range of $4.38 to $7.98.
3. Apollo Commercial Real Estate Finance Inc.
Apollo Commercial Real Estate Finance Inc. (NYSE: ARI) originates and invests in mortgages, mezzanine loans and other debt investments related to commercial real estate. Its portfolio has an amortized cost of $8.5 billion as of May 2023.
Apollo Commercial Real Estate Finance has an impressive $1.40 forward dividend, yielding 13.74%. Shares have traded between $7.91 and $13.10 over the past 52 weeks, closing at $10.24 on May 23.
4. Chimera Investment Corp.
Chimera Investment Corp. (NYSE: CIM) invests in residential mortgage loans, residential mortgage-backed securities and commercial mortgage-backed securities. The REIT has $14.2 billion in assets.
Closing at just $4.89 per share on May 23, Chimera Investment Corp. stock has a 52-week range of $4.75 to $10.66. Its forward dividend is $0.92, yielding 18.85%.
Commercial REITs
Some REITs specialize in commercial properties, such as shopping malls, industrial parks or hospitals.
5. Medical Properties Trust Inc.
As its name would imply, Medical Properties Trust Inc. (NYSE: MPW) owns hospitals and medical buildings. In fact, it is the second-largest nongovernment owner of hospitals in the world. Over half (61%) of its properties are in the United States, and most of the rest are in Europe. The company has $19.7 billion in assets.
On May 23, Medical Properties Trust closed at $7.90 per share. Its 52-week range is $7.10 to $18.92 per share. The company has a forward dividend of $1.16, which translates to a yield of 14.68%.
6. Office Properties Income Trust
Office Properties Income Trust (Nasdaq: OPI) owns, operates and leases buildings to commercial tenants. It has 157 properties in its portfolio, most of which are occupied by a single tenant. These properties total 20.9 million square feet of space and are located in 33 states and Washington, D.C.
Office Properties Income Trust closed at $7.09 on May 23 and has a 52-week range of $5.86 to $21.50. Its 14.10% yield is generated by its $1 forward dividend.
Casino REITs
Casinos are a popular investment for REITs, and they’re often quite lucrative, since the house always wins. In addition to the casinos themselves, these REITs often invest in hotels, restaurants and entertainment venues.
7. VICI Properties Inc.
VICI Properties Inc. (NYSE: VICI) invests in hospitality, entertainment and gaming properties, and it owns such recognizable properties as Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas. In all, the company owns 49 gaming facilities, which include approximately 60,100 hotel rooms and over 450 restaurants and entertainment venues.
VICI closed at $31.09 on May 23, and its share price in the past
52 weeks has ranged from $27.75 to $35.69 — a relatively narrow
range given the market volatility. Its forward dividend is $1.56,
yielding 4.94%.
8. Gaming and Leisure Properties Inc.
Gaming and Leisure Properties Inc. (Nasdaq: GLPI) owns and operates 59 gaming facilities in 18 states, including Ameristar Black Hawk and Bally’s Casino – Black Hawk in Colorado, Bally’s Dover Casino in Delaware, Plainridge Park Casino in Massachusetts, Hollywood Casino Aurora in Illinois, Belterra Casino Resort in Indiana and Isle of Capri Casino in Iowa, among many others.
With a forward dividend of $2.83, resulting in a yield of 5.85%, Gaming and Leisure Properties closed on May 23 at $47.86. This price was right in the middle of its relatively narrow 52-week range of $42.71 to $55.13.
Takeaway
Real estate investment trusts can be volatile in terms of their stock price and their dividends. However, real estate has a tendency to act as a hedge against inflation, making it attractive in times when equities may not be. And since REITs provide income as well as price appreciation, there may be a place for them in your portfolio.
I believe they’re at that stage where the spending project is about ready to go. The security and stability is being enforced. Let’s see how it goes.
What we're looking for is the investment projects because that's going to be going into the market economy. Those investment projects is what we're waiting for...
We can see they're about to start spending and spending is going to need an exchange rate that is not 1310 as the official exchange rate.
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good morning all. There is so much happening; we must be close to RVing.
Member: From your lips to God’s ears.
Member: Militia Man had a very good update last night
MZ: Yes he had a fantastic one last night especially on the background of Iran. I am very much hearing that Iran is now in the first basket to go.
MZ: That is encouraging as they are trade partners with Iraq and share joint oil fields. I think this is an important piece.
MZ: Not hearing anything on CMKX. But, I have heard very encouraging things from groups and bond folks. A number of folks have been told they will get their final contracts on the bond side this coming week.
MZ: I have had that reaffirmed by many other sources. In different areas so I am encouraged , but nervous because we have heard this before and it never came to fruition. I have been inundated by positive news with group leaders again after this lull in news.
MZ: I have heard no negative news at all. We continue to get positive news out of Iraq from Sadr to Sudani …we are in a good spot …lets see what happens.
MZ: I am still hearing from my sources here and there that they are expecting tings to be well launched and people with money in the month of August.
Member: They better hurry up…4 days left in August.
Member: Iraq left us hanging again without their new rate as supposedly required to implement budget approved June 28.
Member: Remember Saturday nights is when all the banks close worldwide for a short time …and a great time to get the rate changes implemented.
Member: Happy Birthday to those celebrating their special day today May God Bless you all
Member: Thank you Mark and mods…..may this be our last weekend broke.
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