Saturday, December 9, 2023
Self-storage real estate investment trusts (REITs) have an excellent long-term track record. However, the pandemic shutdown, followed by the reopening of the economy, produced a boom and then a bust for self-storage operators. The year-and-a-half decline for these REITs is over, and it’s time to add some self-storage to your portfolio. Let’s take a look […]
Since October 2022, the broader stock market has experienced a nice recovery coming out of the bear market. However, real estate investment trusts (REITs) have not participated fully in the stock market gains of the last ten months. As a result, REITs look very undervalued and may be the next sector to move strongly higher. […]
Earnings season offers unique opportunities. This is a time when management teams host conference calls for Wall Street analysts. Listening to calls or reading the transcripts gives me insight into how well companies are managed. I believe that most analysts and investors do not pay enough attention to management teams and whether or not they […]
One of the hottest topics of conversation on Wall Street, and among my colleagues like Tim Plaehn and Tim Melvin here at Investors Alley, is the state of the U.S. commercial real-estate market (CRE). The story on Wall Street, as articulated by media outlets such as Bloomberg, is that a $1.5 trillion “Wall of Debt”—mortgages […]
The 2022 bear market took the real estate investment trust (REIT) sector down, along with the broader stock market. Most of the stock market bottomed in October 2022, but has recovered a significant portion of the bear market losses. REITs have not participated in the recent market gains, with share prices remaining near their 18-month […]
Last week a real estate investment trust (REIT) – which was not financially stressed – voluntarily “turned in the keys” for one of its properties, defaulting on a $725 million loan. The ramifications of this decision depend on a lot of factors. Let’s talk about what it means for you. On June 5, Park Hotels […]
Last week’s earnings reports from a few different REITs indicated that commercial office space and commercial lending have not fallen into the crisis the financial media has warned of. The fear in the markets is that low office space occupancy will lead to declining property values and commercial mortgage defaults. Also, since commercial mortgages are […]
Real Estate Investment Trusts (REITs) fully participated in the 2022 bear market. Unlike the tech sector’s apparent recovery during the first quarter of 2023, REIT share prices have not shown signs of life. Broadly speaking, REITs are down about 30% from the late 2021 highs. That means now is a good time to make some […]
Activist investor Jonathan Litt is at it again. The activist investor, specializing in real estate investment trusts, started his firm, Land & Buildings, in 2008 and has been battling real estate investment trust (REIT) boards to improve returns for himself and other investors ever since. Litt has waged several successful campaigns at BRE Properties, Associated […]
I have never believed you can see the future by comparing current economic factors to the past. The current economic conditions validate my belief: they are so different that making that type of comparison would not provide valid signals. Instead of trying to guess the future based on history, let’s look at the last three […]
