Core Viewpoint - The current narrative surrounding Newmont Corporation (NEM) is overly focused on high All-in Sustaining Costs (AISC) and the integration process of Newcrest, which may overlook other important factors affecting the company's performance [1]. Group 1: Financial Performance - Newmont's AISC remains high at approximately $1650 per ounce, indicating ongoing cost pressures in its operations [1]. Group 2: Strategic Integration - The integration of Newcrest has not progressed as expected, which could impact Newmont's operational efficiency and future growth potential [1].

Core Insights - The article highlights the disconnect between the strong operational performance of shopping center REITs and their market pricing, suggesting potential investment opportunities in the sector [1][5][9] Performance Metrics - Shopping center REITs reported high occupancy rates, rising rents, and same-store NOI growth of 3% to 6% over the past six quarters, yet their market performance has been poor [2][5] - As of June 6, 2025, equity REITs had a YTD return of approximately 1.0%, while shopping center REITs significantly lagged behind [5][6] Valuation Comparisons - Shopping center REITs trade at an average AFFO multiple of 16.1x, which is lower than other sectors like Multifamily (17.4x), Manufactured Housing (20.8x), and Industrial (18.0x), indicating potential mispricing [8][9] - The average trading price of shopping center REITs is 81.3% of their consensus Net Asset Value (NAV), compared to 80.8% for Multifamily, 87.8% for Manufactured Housing, and 83.9% for Industrial [9][10] Upside Potential - On average, shopping center REITs are trading at prices that suggest a 20% upside to their 52-week highs, indicating potential for capital appreciation if economic conditions improve [12][13] - Specific companies like Acadia Realty Trust and Brixmor Property Group have notable upside potentials of 34.48% and 19.85% to their 52-week highs, respectively [13] Market Sentiment - Despite high interest rates and poor market performance, companies like Kimco Realty have been actively buying back shares, reflecting confidence in their investment value [14][15]

Group 1 - The focus is on identifying strong companies that are undervalued by the stock market, with the belief that corrective forces will realign their valuations to intrinsic values [1] - Corrective forces include activist investors' proxy fights, leadership changes, strategic shifts, spin-offs, and industry cyclicality [1] - The objective is to identify these opportunities before they occur, as stock return overperformance is expected from such investments [1]

Core Insights - The article discusses the potential for investing in undervalued stocks that are mispriced by the market as of the end of April [1] Group 1 - The focus is on identifying investment opportunities in stocks that are currently undervalued [1] - The article suggests that there may be beneficial long positions available through stock purchases or call options in a specific company, referred to as LC, within the next 72 hours [2] - The information provided is intended for informational purposes and does not constitute a solicitation to buy or sell securities [3]