Kingdom Capital Advisors Q1 2024 Investor Letter [Seeking Alpha]
Net Lease Office Properties Common Shares of Beneficial Interest (NLOP)
Company Research
Source: Seeking Alpha
Kingdom Capital Advisors returned 7.51% (net of fees) in the first quarter. Our top contributors to Q1 returns were Net Lease Office Properties, Hanesbrands, Tidewater, and Abacus Life while Corsa Coal and Regis Corporation were our largest detractors. Fellow Investors, We finished the first quarter of 2024 outpacing our benchmark, despite our unwillingness to own Nvidia ( NVDA ), Dogecoin ( DOGE-USD ), NFTs, and the like. We continue to believe our advantage lies in vetting ideas most ignore, as opposed to predicting the "next big thing." It was a difficult quarter to feel good about that approach, but we expect it will continue to serve us as well as it has through our first nine quarters. Kingdom Capital Advisors (KCA Value Composite) returned (net of fees) in the first quarter, vs. for the Russell 2000 TR, for the S&P 500 TR, and for the NASDAQ 100 TR. Q1 ended on a high note but felt like a slog. Nothing better illustrates the volatility of the past few months than the
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News
- Net Lease Office Properties Announces Sales of Three Office Properties Totaling $132 MillionPR Newswire
- W. P. Carey: Office Market Exit Creates Growth Potential [Seeking Alpha]Seeking Alpha
- W. P. Carey: 6.2% Dividend Yield And 30% Potential Upside Once Office Sale Is Finalized [Seeking Alpha]Seeking Alpha
NLOP
Sec Filings
- 5/10/24 - Form 8-K
- 5/10/24 - Form 10-Q
- 4/5/24 - Form SC
- NLOP's page on the SEC website