Boston Omaha's SkyHarbour To Chicago (Issue #80)
Earlier this fall I wrote about some exciting developments at SkyHarbour Group (NYSE: SKYH — $287.59m) related to new ground leases and future developments in the works. For background SkyHarbour private aircraft storage REIT. They own and operate campuses around the country for main corporate jets, however, there are also This is a key part of the next level of growth for the company. The company just announced that one of the next development locations in Chicago. They were not joking when they said they had a some high value Tier 1 prospects.
More specifically SkyHarbour just secured a ground lease for 25 acres of land at Chicago Executive Airport (PWK). This is an amazing transport market demonstrated by the two major public airports Chicago hosts as well as the population and geographic position.
While this is an important update I am still waiting for end of year results on finishing of existing developments that were projected to be completed this quarter. In addition, I am curious to see how this and other changes will alter revenue projections and other forward-looking metrics.
For a complete update on the company from this year go here.
Watchlist Update:
Portfolio Update:
To view the full spreadsheets and linked deep dives go here.
Until Sunday,
Soren