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…
Tag: REIT Fundamentals
Q2 REIT Recap: Sherlock Holmes and Chinese Data Centers

It is becoming more and more of an obvious fact that the stock market cannot go down. Refrains of “don’t fight the fed”, “V-shaped recovery”, and “better than expected data” dominated the tape in Q2, leaving skeptics and bears lonely on the sidelines. The Nasdaq 100 index is making all-time highs and the S&P 500…
The Reason Data Center REITs Are Exceeding Expectations This Year

Strong second-quarter result, solid bookings, and strong balance sheets to fund development pipelines have made data center REITs an outperforming sector on the stock market this year, but not without influence of wider-reaching factors. read more
Self-Storage REITs: Heads I Win, Tails You Lose

The self-storage REITs have returned 30% in 2019, riding a wave of multiple expansion driven by a flight to safety within REITs and the broader market. While self-storage is a great business and the self-storage REITs are well run companies, as with any investment valuations sometimes get detached from reality. With fundamentals that continue to…
Canary in the Coalmine? What Hotel Fundamentals are Saying About the US Economy

One of the un-sung virtues of the REIT market is the wide variety of insights that can be gleaned by closely following REIT fundamentals. The various REIT property types form a sort of spider-web of connectivity between real estate and the underlying drivers of the US economy. For investors paying close attention, there is always…