Alternative Retail Real Estate Risk Analysis for Alternative Capital
Advantage
Retail MAXIM has remained the one and only source assessing the impact of extensive structural changes on retailer’s operating model and real estate through comprehensive analysis and commentary and proprietary alternative credit and format ratings that come together to capture the competitive advantage of the retailer at all points in the business and capital cycles. In addition to monthly commentary, MAXIM sponsors the Global 400 Retail Watch List and Annual Store Productivity Survey.
For 20 years, MAXIM has served as a preemptive tool for investing in the twin sectors of retail and real estate providing meaningful unconventional analysis and greater context to conventional financial reporting and steadfast perceptions and misnomers by staying on top of the structural changes of the past 40 years that consistently altered the dynamics of the retail and real estate industry. Alternative approaches have long been predicated on taking a 360o view of an inherently complex and dynamic landscape, by looking at the retailer’s business from the perspective of real estate developer and investor, and real estate of the developer and landlord from the requirements of the retailer. Analyses paramount to determining sustainable value creation and minimizing credit and project risk fro all partiers.
The market intelligence gathered, empirical and cumulative, has yielded analytics off the conventional retail credit and real estate asset grid to identify elusive risks in various facets of the retailer’s model, which are embedded in the competitive ratings on the Global 400 Retail Watch List.
Its status as an independent research service has been empowering. MAXIM is not beholden to trading desks, credit committees and firms with hidden agendas manipulating markets and distorting prices that has resulted in consistent forward looking analysis to assist in formulating strategies for investors and property owners that include two decades of preemptive calls on dislocating retail chains, store and shopping centers formats and emerging opportunities and turnarounds.
Subscription
Frequency/Distribution: Monthly. Dual issues; Aug-Sept and Nov-Dec
Subscription cost: $2,380.00 annual [Includes Global 400 Retail Watch List [455 US & Foreign credit ratings and G-400 Annual Store Productivity Survey of 500 credits]
Sample Copy PDF
To subscribe
CONTENT: Analytics & Strategy
• Commentary and strategy on retail and real estate backed by the ratings of the Global 400 Retail Watch List, MAX-SI Spatial Index and G-400 Annual Productivity Survey
• Provide real estate context for the evolution of retailers business and real estate by screening marketplace for structural shifts impacting competitive advantage of credits and formats
• Analytics off the conventional credit and real estate grid to identify elusive risks in various facets of the retailer’s model
• Bottom-up analytics employing field level Due Diligence from affiliate company Pantheon LLC and network of retail consultants who advised and conduct store-level sales forecast for retailers expanding their real estate requirements
• Top-down analytics utilizing financial reporting and fiscal guidance of retailers and shopping center companies to glean metrics that are qualified by bottom-up analytics and secular trends screened
• Forward looking analysis of the retailers business and impact on the spatial markets to identify emerging opportunities for growth and investment while avoiding pitfalls of prevailing systemic risks and misnomers proliferated by top down analytics of real estate capital markets
• Detects emerging opportunities and risks to formulate preemptive plays and capitalize on dislocations eluding conventional analytics and packaged reports of credit and real estate capital markets
• Formulates preemptive and value-added strategies based on the G-400 Composite & Bs-Advantage Ratings that elude the real estate capital markets
• Present risk and valuation scenarios for corporate recapitalizations, loan and property underwriting, acquisitions & mergers, lease negotiations and tenant defaults & relocations
• The retail real estate continuum: Ongoing observations of retail and real estate dynamics through four decades of empirical, proprietary and secondary data
G-400 Composite & Derivative Indexes
1. G-400 Composite Index [Competitive Advantage of Retail Business Model]
2. G-400 Business Advantage Index
3. G-400 Volatility Index
4. G-400 Guidance Index
5. G-400 Real Estate Asset Advantage Index
ARCHIVES
Archived MAXIM commentary from most recent issues:
• “Convenient Truths. Enlarging the Real Estate Footprint for Maximum Productivity under the New Zero-Sum Game Normal.” July 2012
• “The Fog of Format Wars. The Next Essential Retail Real Estate Bubble in the Making.” May 2012
• “Bitchin’ Brands. Re-Branding Risk under the New Normal of Extreme Brand Valuations.” [Assessing Tenant Credit & Format Risk in the 2012 Brand Bubble] March 2012
• “Occupy Main Street. Down Market Real Estate Strategies Re-Risk Rent Rolls.” [Tenant Credit Profile of New Store Cycle] Feb 2012
• “Going Rogue. Super-Growth Normal Trumps the Paranormal.” [Retail’s 2010 Inflection Point Ups Ante on Future Store Capacity] Jan 2012
• “Into Thin Air. Retail Rescued by an Avalanche of New Normal(s)” [“New NORMAL.24” ISSUE: Implications for Growth and Real Estate Productivity 2012 & Beyond] Nov-Dec 2011
• “Dead Retail Walking. Opportunistic Play Defers Real Estate Liquidation Risk.” Oct 2011
