Jay Girotto
8 statements across 1 episodes · 2 bullish · 3 bearish · 1 people on the record · first statement Oct 14, 2019 by Jay Girotto · across every show →
On the record as a speaker too: Jay Girotto's record, appearances and statements → this page counts the times other people say the name.
Everything said about Jay Girotto, oldest first
Oct 14, 2019 bearish
Girotto: Losing China as a Trade Partner Is the Biggest Farmland Risk
“The biggest concern certainly is that in some way through this whole thing with China, that China would truly go away as an agricultural trading partner somehow. I think that's probably the biggest overall risk. The other macro risks that I mentioned around in…”
Oct 14, 2019 bullish
Oct 14, 2019 bearish
Oct 14, 2019 negative
Girotto: Manager bonuses steer endowments away from long-term assets like farmland
“I think a lot of that disconnect comes by creating financial incentives, you know, bonuses and things like that for the investment manager that actually steer them away from things that the client should actually be investing in. And I see that often in farmla…”
Oct 14, 2019 neutral
Oct 14, 2019 neutral
Girotto: Institutional Farmland Ownership Is a Rounding Error in $2T Market
“The size of the market is about two trillion in farmland value in the U.S., and there are two publicly traded REITs in the space, and they each own around or less than a billion in farmland. Your largest institutional investor is TIA Cref in the US. They own m…”
Oct 14, 2019 neutral
Girotto: Farmland Opportunity charges 20% fee on gross farm revenue
“Our management fee, we basically take 20% of the gross revenue off of the farm. So that's Any lease revenue, that's primarily farming, but it could be windmills and, you know, various other things. So our gross cash yield rates are around five percent. So we'r…”
Oct 14, 2019 positive
Girotto Achieves 4% Net Cash Yields via Value-Add Farmland Acquisitions
“Our historic returns actually are at four percent because we are buying at a discount to the market rate, as well as we're using an operator that's getting 20% higher crop yields and can pay more in terms of cash rents. So our underwriting number is net of fee…”