MPW has paid over 3x the market value for its Neuropsychiatric Hospital facility in Houston. Viceroy’s investigations show that combined costs of the development and appraised value of land was ~$9.1m at the date of MPW’s acquisition. Despite this, MPW claim to have outlaid over
Aggressive healthcare property roll-up caters almost exclusively to distressed tenants. Rent is round-tripped via “fake” purchases of massively inflated assets. The fat lady is singing. January 26, 2023 – Viceroy Research is short Medical Properties Trust (NASDAQ : MPW), a healthcare property REIT who has
SBB humiliates shareholders with absurd and untrue announcements surrounding the success of its incompetent dealmakers. December 8, 2022 – SBB announced it had sold a stake in its newly-formed EduCo to Brookfield on November 30,2022[1]. It then proceeded to defecate on a plate and present
November 30, 2022 –Home REIT today published its response to Viceroy’s report: “No Place Like Home REIT”. This response all but confirms round-tripping of revenues to tenants via vendor agreements, low tenant quality and related party structures between major tenants. This document will address Home
November 23, 2022 – Home REIT (LSE:HOME) acquires “B&B” accommodation assets and rents them out to charities, housing associations or community interest companies in the UK. Viceroy’s investigation of Home REIT’s investments and tenants suggests significant downside. Poor operating results are already reflected in Home
October 5, 2022 – On October 3, 2022 – Truecaller released a press statement in response to Viceroy’s report, Truecaller’s True Colors, on October 3, 2022. As expected, Truecaller’s statement fell squarely within the clutches of Catch-22 (the greatest catch there is). Here at Viceroy,
Truecaller’s app facilitates strangers’ contact with minors without valid consent. PLEASE READ IMPORTANT DISCLAIMER – PAGE 3 September 29, 2022 – Viceroy research has fielded calls from concerned data protection specialists in India in relation to how Truecaller handles consent for minors. Truecaller sign-up does
September 28, 2022 – Truecaller (TRUEB:SS) is a Swedish adware & spyware app which feeds an inferior caller-identification service aimed at detecting spam. The EU’s General Data Protection Regulation (GDPR), and similar legislation across the globe, threatens Truecaller’s business, which we believe is on the
June 22, 2022 – Viceroy’s deeper review into SBB’s financial accounts have presented material reconciliation challenges which our team, together with various expert consultants, cannot reconcile. This challenge stems from SBB’s consolidation of acquisitions, which we believe to be incorrect and unjustly inflating asset values.
May 3, 2022 – In anticipation of Adler Group’s investor call today Viceroy have prepared some questions regarding their annual report regarding recent development. In addition to these questions, Viceroy have found significant discrepancies in Adler’s LTV calculations as well as management’s claim that the
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