No quote this month, no obscure movie references are seamlessly woven into meta investing commentary, no tricks, no treats, no gimmicks. This month we get straight to the point. This is the most compelling opportunity in REITs I have seen in my career. Period. End of sentence. I can’t allude to it in passing anymore;…
Tag: Quant Investing
Re-thinking Real Estate: Fake News and Distress in the REIT Market
“To know that we know what we know, and to know that we do not know what we do not know, that is true knowledge.” - Nicolaus Copernicus - How many times did you have to read that quote? In between all the knows and the do not knows, there is some beautiful ancient wisdom.…
August REIT Recap: When Will Then Be Now?
Investors are not a patient bunch. We want the next big move in the market, and we want it now. Unless that move goes against our positioning. Then we want time to stop and think…to reassess the environment so that we can get to the right answer. Unfortunately, the market rarely cooperates. As the old…
REIT Strategy: Complexity and Opportunity
200 distinct real estate companies across 19 different property types. 16.9% annualized returns from 2010-2015. 13.8% annualized returns from 2003-2008. A variety of companies that returned over 30% per year from 2011-2016. A concrete jungle of commercial real estate opportunities shrouded in a fog of industry jargon and data obscuring the path to success for…
Q2 REIT Earnings Update: Retail, Warehouse, and Lodging
The US economy in April and May felt a bit like that scene in Jurassic Park when the T-rex is smashing a Land Rover to smithereens and everyone is just trying to stay alive. The stock market was imploding, most major cities had issued shelter in place orders, and there was a general feeling that…