REIT Has Excel-lent Chance of Raising Dividends
"ROIC's differentiated model focuses on acquiring properties from distressed or under-capitalized shopping center owners."
Just a few miles away from ROIC's corporate office in San Diego is Excel Trust
Excel's investment platform is to locate in hubs that form a lower circle around the U.S. By connecting dots in San Diego, San Francisco Bay, Phoenix, Dallas, Atlanta, and Washington, DC, the "smile states" model forms a demographic footprint representing a broad base of retail tenants with above average sales per square foot.
Differentiated by Experience
Although Excel is a fairly new REIT, the company has considerable experience and a proven track record. Many of the senior associates were assembled during the time in which Chairman Gary Sabin launched Excel Realty Trust (not to be confused with the original Excel Trust, Excel Realty Trust was Sabin's initial vehicle when he started his career in 1978). Sabin's former company, Excel Realty Trust went public in 1993 and had several exceptional years where his company was a top REIT performer (1995 and 1997). After a series of mergers, most of the assets at Excel Realty Trust were rolled into Kimco Realty