by confoundedinterest17 Interest rates are an important driver of the economy and financial markets. And what has happened to the S&P 500 index since The Federal Reserve started raising their target rate on May 4, 2023 to fight surging inflation? Since …
by confoundedinterest17 Pension funds have long been investing in “safe” agency mortgage-backed securities. But as The Fed does its “tighten up”, we are seeing agency MBS prices falling and duration risk rising. I remember showing my Fixed-income class at Chicago and …
by EightFolding What are your favourite Equity REITs? Are any of them performing well at the moment? I had been avoiding real estate because as a sector it’s doing so badly. But I was interested to read this analysis that …
by Stardustones
by confoundedinterest17 Now that inflation has reared its ugly head, how can investors protect themselves against the ravages of inflation? Back in 1977, Fama and Schwert showed that housing acted as a hedge against inflation. Over the past year as inflation has …
by confoundedinterest17 As I have written before, nothing has been the same since the damaging financial crisis of 2008-2009. So I divided commercial real estate returns (NCREIF and NAREIT indices) to 2002 to 2008 and 2009-2020. The 2009-2020 is marked by …
by etienner I asked myself this question a few times and decided to do some research and I feel like some users would like to know what I found about the REITs vs Real estate debate: Pros of REITs vs …
BY ROBERT ROSS I’m not buying the dip in stocks—and neither should you. Let me explain… On December 24, the S&P 500 slid to its lowest level since 2017. The index has since rebounded 6.9%. Investors passed this off as a …
by John Coumarianos When I wrote an article on REITs for the Wall Street Journal in early 2017, I used a research report from Research Affiliates in Newport Beach, CA to argue that the asset class was overpriced and poised to deliver 0%-2% or so real …
by John Coumarianos The six largest publicly traded apartment REITs are now paying dividend yields of less than 3.5%. The two largest — AvalonBay Communities and Equity Residential — are paying around 3.2%. Essex Property Trust, whose apartment buildings are all in …
by John Coumarianos Unscrupulous stockbrokers and advisers are always dangling yield in front of unsuspecting clients. “I can get you (fill in the blank with a percentage),” they say to yield-starved investors. But capturing current yield is one thing; buying …
by dvdmovie1 Personally, I like REITs not from the standpoint purely of income, but to look for things that I believe are compelling “growth and income” stories, such as the cell tower REITs and logistics REITs (which I think benefit significantly …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Note the bifurcation: weakest plunged 80% from peak, strongest “only” 30%. This is my now classic twice-a-year progress report on the decline of mall REITs. The series began in May 2016, shortly before the peak of mall REITs in July …
By Charles Sizemore It’s official. The volatility earlier this month pushed real estate investment trusts (REITs) into official bear market territory. During the selloff, the Vanguard Real Estate ETF (NYSEArca: VNQ), a popular proxy for the broader REIT market, closed down 22% …