Edited by

Brad Thomas

Forbes Real Estate Investor

I have more than 25 years of experience in commercial real estate where I have formulated a deep understanding of valuation analysis. My experience is rooted in wealth creation as I spent almost two decades as a developer assisting many national retailers with expansion while simultaneously learning the real estate trade literally from the ground up.

Over the years, I have provided nationwide real estate brokerage, construction services, development services and capital market solutions for a variety of clients. Because of my integrated background, I have vast resources that could not be learned at any business school. Today I research and write on a variety of real estate based income alternatives, including publicly-traded real estate investment trusts and real estate operating companies. Given my background in sourcing and originating income producing assets, I have gained broad experience and understanding in capital markets and evaluating the most intelligent companies—with a keen eye on “distinguishing
between an investment operation and speculative one.”

I currently write for Forbes.com and Seeking Alpha and I am the editor of Forbes Real Estate Investor. I also wrote The Trump Factor and co-authored The Intelligent REIT Investor with Stephanie Krewson-Kelly. I have been featured in Kiplinger’s, U.S. News & World Report, Money, NPR, Institutional Investor, GlobeStreet and Fox Business. I was ranked as the #1 analyst on Seeking Alpha in 2014. I received a Bachelor of Science degree in business/economics from Presbyterian College where I played basketball.
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2018
2017
  • December

    All Eyes On Sears (December Issue)

    Years ago, Sears was the largest retailer in America, employing one out of every 204 working people in the country. Now it's on the brink of bankruptcy and may hurt several REITs if it ends up filing for Chapter 11.
  • November

    Campus Housing REITs (November Issue)

    Two attractive REIT buys in the student housing sector.
  • October

    Blue Chip Buy (October Issue)

    This nontraditional mall REIT connects bargain-hunting consumers with brand-name manufacturers.
  • September

    An Inside Look At A High Alpha Mall REIT (September Issue)

    CBL & Associates Properties is one of the largest mall REITs in the United States. CEO Stephen Lebovitz discusses how he made improvements at his company, an important retail partner and the current environment of retail.
  • August

    Best-In-Class REITs (August Issue)

    Although many investors were blindsided by the 2008 meltdown, the downside could have been avoided by taking steps to own safer securities with a history of managing risk. Take a page from the boy scouts and “always be prepared” for the next market disruption by creating low-risk portfolios.
  • July

    Amazon's Enduring Mousetrap (July Issue)

    The demise of bricks and mortar stores is overrated. Tech and pure online retailers have been opening physical stores for years and this trend is continuing.
  • June

    Navigating The Lodging REIT Sector (June Issue)

    The lodging sector screens relatively inexpensive based on funds from operations earnings metrics but investors should be selective. These four REITs have modest growth forecasted but all have sound payout ratios.
  • May

    REITs Are Relevant (May Issue)

    Real estate investment trusts should have a primary place in investor portfolios.
  • April

    The Death Of The Mall Is Grossly Exaggerated (April Issue)

    Media headlines like “Malls are Dead” continue to plague the retail REIT sector but don't count them out yet.
  • March

    Sleep Well At Night REIT Of The Month (March Issue)

    One of the things I find most attractive about this health care REIT is its very steady and reliable dividend growth.
  • February

    A Rising Tide Lifts All Boats, Including REITs (February Issue)

    With Trump in office, I believe his agenda of lower corporate taxes, higher infrastructure and defense spending and less regulation has the potential to result in a significant increase in fiscal stimulus. This should lead to renewed economic growth and better REIT performance in 2017.
  • January

    REIT Roadmap (January Issue)

    REIT earnings should grow modestly as economic growth improves. The recent rate increase and forecasted increases in 2017 should provide more support and could provide a boost particularly to hotels, apartments, office, industrial and retail properties.
2016
  • December

    Time To Get Back To Blocking And Tackling (December Issue)

    Many investors have been distracted by the election race over the last 18 months. It's time to put the focus back on wealth creation using real-estate investment trusts.
  • November

    The Weekender: Forbes Real Estate Investor

    Week ending November 20, 2016  When a good week for REITs is a week of mixed results and the index marginally in the black, it kind of says something about the recent past, doesn’t it?  We had a mixed week last week, with the more “growthy” sectors outperforming the more defensive [...]

  • The Weekender: Forbes Real Estate Investor

    Week ending November 13th Another week, another bout of volatility.  The election showed just how volatile and unpredictable the market can be.  REITs closed up for the week, bucking their longer trend – surprising given the sell-off in the fixed income and rates market.  We view this as a positive occurrence [...]

  • The Weekender: Forbes Real Estate Investor

    Week ending November 6th Saying “another week in the red for REITs” is getting monotonous and, honestly, tiring.  Of course, the move from defensive to reflation sectors hasn’t come as a surprise to us, we have been speaking about it for a while.  That said, valuations are becoming more in line [...]

  • Timber REIT Primed To Profit (November Issue)

    The timber sector is often overlooked and deserves more attention. Here's a look at one of my favorite REITs in this category.
  • October

    The Weekender: Forbes Real Estate Investor

    Week ended October 30th. It was another week in the red for REITs as what we have called the “reflation trade” continued unabated and defensive sectors (REITs among them) continued to be pressured lower.  Unfortunately, we believe this trend will continue in the near-term and have advised investors to leg into [...]

  • Let's Go REIT Shopping

    This week has been a choppy week in REIT-dom, creating some interesting buying opportunities for investors. The VNQ has dropped from $86.00 on Monday to under $82.00 on Friday afternoon (-10% for the week). Let's take a closer look at Q3-16...   REITs Underperformed All Major Benchmarks In 3Q16.  Most all REITs lagged [...]

  • Data Center REIT Alternative (October Issue)

    This national provider of data center systems and fully managed services offers a portfolio of core data center products, including custom data center, colocation and cloud and managed services, providing the flexibility, scale and security needed to support the rapidly evolving hybrid infrastructure demands of Web and IT applications.

  • The Weekender: Forbes Real Estate Investor

    Week ended September 30, 2016 Another tough week in the REIT market as shares were hit with an increased probability of a December Fed rate hike (the FOMC talking heads were at it again) and the specter of 2008 courtesy Deutsche Bank.  The DOJ has opened settlement talks with Deutsche on [...]
  • September

    The Weekender: Forbes Real Estate Investor

    Week ended September 16, 2016 Another week of “Fed guessing” volatility and pressure on the REIT sector.  September is live, September is off the table, live, off the table and on and on.  After months of a complacent market where the S&P didn’t move beyond 1% either way, we have seen [...]

  • The Weekender: Forbes Real Estate Investor

    Week ended September 9, 2016 Ouch.  Honestly, that is the only way to describe the week – or at least the end of the week.  Friday was somewhat of an awakening for the market.  After a long stretch of complacency, the market woke up to the fact the Fed could again [...]
  • August

    Gearing Up For REIT Liftoff (September Issue)

    In November 2014 S&P; Dow Jones Indices and MSCI Inc. announced the creation of an 11th headline sector of Global Industry Classification Standard. The change will be implemented after the market close on Aug. 31, 2016.

  • The Weekender: Forbes Real Estate Investor

    Week ending 8/26/16 Feels like cut and paste this week as REITs once again under-performed the broader market.  Land, datacenter and manufactured housing led the way down and only the mall space was able to keep their head above water.  Rate concerns have added to existing valuation concerns and pressured the [...]

  • The Weekender: Forbes Real Estate Investor

    Week ending 8/12/2016 Another tough week for REITs as FOMC concerns and valuation focused sell-side downgrades took the sector to the woodshed.  With the exception of the hospitality sector, REITs underperformed the broader market by nearly 200 basis points.  REITs still lead the broader market on a year-to-date basis, but a [...]

  • The Weekender: Forbes Real Estate Investor

    Week ending 8/12/2016 Overall, a mixed week for REITs, with the sector under-performing the broader market.  On a year-to-date basis, however, REITs generally continue to outperform.  Only storage is negative for the year although land, hospitality and multifamily are lagging the general market. We continue to feel that REITs overall will outperform [...]

  • The Weekender: Forbes Real Estate Investor

    Week ending 8/5/2016 Overall, a tough week for REITs, with nearly all sectors down on the week.  Rates were softer throughout the week, and payroll data was the icing on the cake.  REITs, despite decent earnings releases, were weaker on the rate outlook and higher rates. Sector breakdowns are as follows: Storage and [...]

  • Preferred Stocks Versus Bonds (August Issue)

    There has been a lot of investor interest in preferred stocks and bonds. Here's a rundown of the similarities and differences between the two asset classes.
  • July

    The Weekender: Forbes Real Estate Investor

    Week ending July 29, 2016 Another week of mixed results, both within the REIT sector and in terms of economic data.  Midweek we saw the release of a slightly hawkish FOMC announcement where the following sentence was included:  “Near-term risks to the economic outlook have diminished”. Seems relatively harmless, right? Well, the market [...]

  • The Weekender: Forbes Real Estate Investor

    A look at REIT preferreds.

  • The Weekender: Forbes Real Estate Investor

    Week Ended 7/16/2016 A mixed week for REITs, as geopolitical events took center stage and resulted in a flight to quality and a shedding of risk.  Interestingly, while risk was being shed, the best performing REIT of the week was a name that has been pushed down recently, CBL & Associates [...]

  • The Weekender: Forbes Real Estate Investor

    Week Ending July 8, 2016 It was another volatile week this week, but REITs generally performed better and caught a strong bid after the payroll report on Friday.  Lower rates throughout the week helped drive income seekers into the sector and most sectors performed well. On a year-to-date basis, all sectors are [...]

  • Maintaining Discipline In A Choppy Market (July Issue)

    Britain and Europe now face a long, drawn-out period of economic uncertainty, as the British government tries to negotiate a future outside the single market where half of the U.K.’s goods and services are traded.
  • June

    Weekend REIT Report

    As a valued subscriber to Forbes Real Estate Investor, we are providing you with a weekend REIT update that includes (1) select REIT ETF 1-day performance, (2) a list of all REITs and their 1-day price activity (sorted from top to worst by sector), and (3) BREXIT update data (last [...]

  • No Brexit Bargains For U.S. REIT Investors

    We frequently recommend diversification within individual investor asset allocation portfolios Today we want to stress the importance of maintaining a wide margin of safety by limiting exposure to one specific asset class, including REITs. We obviously maintain a strong bias with REITs and we believe the asset class will continue to outperform [...]

  • Why Vereit Is A Buy (June Issue)

    Vereit is a net lease REIT, which means the company owns free-standing buildings leased to a variety of retail, restaurant, office and industrial tenants. I think the company is a buy. Here's why.
  • May

    REITs Flying Under The Radar (May Issue)

    This small cap timber REIT has the potential to be a rising star.
  • April

    Inside Scoop On STAG Industrial (April Issue)

    STAG Industrial CEO Ben Butcher discusses the macro-economic drivers of the industrial REIT sector, the company's portfolio and what's next for STAG.
  • March

    REIT Blueprint Evolving Into A Major Asset Class

    In just a few months, on September 16th, U.S. Equity REITs will move out of the financial sector within the Global Industry Classification Standards (or GICS) into their own sub-sector within the S&P Dow Jones Indices. That’s big news for REIT investors as well as prospective REIT investors. Cohen & Steers' Thomas [...]

  • Get Real...Estate (March Issue)

    Over the past 15 years the best performing asset class from among 12 core indexes was real estate. But it’s impossible to consistently predict the best performing asset class in advance so pursue the idea of building a diversified, multi-asset class portfolio.
  • February

    Spotlight On Easterly Government Properties (February Issue)

    Easterly Chairman Darrell Crate discusses his government-based REIT platform and the company's plans to stake a foothold in the crowded net lease space.
  • January

    Sleep Well At Night Portfolio (January Issue)

    The goal of the SWAN portfolio is to provide a diverse basket of companies that are deemed to be stress free. A few rules come into play: No small caps, no high leverage, no sucker yields, no flat tires and management must be vetted.
2015
  • December

    CorEnergy Completes 1-for-5 Reverse Stock Split

    CorEnergy said in a release that the reverse split should allow a broader range of investors to own its stock, based on technical factors and constraints that previously may have deterred them from investing.

  • Enough Already, Let's Get This Rate Liftoff Party Started (December Issue)

    Many think the impending rate hike has, for the most part, already been priced into REIT stocks, but not all analysts agree.
  • November

    Make Hay While The Sun Is Shining (November Issue)

    With just two months left in 2015 I expect to see REIT fundamentals continue to strengthen. By maintaining well-balanced diversification and continuously adding and trimming securities, investors can prepare for the eventual rate liftoff party.
  • October

    Time To Separate The Wheat From The Chaff (October Issue)

    The REIT sector is a very stable and predictable asset class and as soon as rates begin to rise I believe investors will gain more confidence.
  • September

    Surveying Commercial Real Estate (September Issue)

    While overbuilding is always a potential risk in commercial real estate, those worries appear to be at least a few years away.
  • August

    Triple Net REITs: Nothing But Net (August Issue)

    In the second quarter the triple net REITs outperformed, making up some of the lost ground from first quarter 2015. There was a lot of movement in the sector, including an announced merger that will create the largest public triple net lease office REIT.
  • July

    Time To Plant A Few Farmland Seeds

    As you know, I have been following Farmland Partners (FPI) for almost a year in an effort to educate myself as well as others. Originally I was curious about the business model as I was intrigued by the necessity-based global food consumption drivers. In addition, I liked the idea of investing [...]

  • How Will The A&P; Bankruptcy Impact Urstadt Biddle?

    Recently Massachusetts-based supermarket chain A&P filed voluntary Chapter 11 bankruptcy, its second such reorganization in five years (the first was on December 2010). As part of the filing, the national grocery store retailer is asking for approval to sell up to 120 stores for $600 million. In addition, A&P is seeking [...]

  • Food For Thought: It Could Be Time to Plant A Seed In Farmland

    You may have seen my Seeking Alpha article a few days ago on Farmland Partners (FPI). In case you missed it, here’s my recap: I upped FPI's year-end target from $13.00 to $13.50, and while that may seem aggressive, I view the robust acquisition activity as a solid indicator [...]

  • Digital Realty Set To Expand Colocation Business

    I’m headed to San Francisco tomorrow to speak at The MoneyShow and while in the “The City by the Bay” I’ll be meeting with management at Digital Realty (DLR). Before I depart, I wanted to bring you up to speed on the latest announcement with DLR. In an effort to expand its [...]

  • Fourth of July REITs To Help You Sleep Well At Night

    I hope you're enjoying your weekend. I wanted to send you a quick note of appreciation. I'm thankful for the opportunity to be of service to you and hopefully you are happy with my newsletter service. My #1 mission is to help you select safe-paying REITs and lay out framework for finding [...]

  • Nothing To Fear, REIT Pullback Was Expected

    Market fluctuations have been expected and any prudent investor should recognize that without volatility there can’t be gains realized in the stock market.

  • Shining A Light On Hersha Hospitality (July Issue)

    Jay and Neil Shah represent the second generation of Hersha Hospitality. Their dad, Hasu P. Shah, was an immigrant engineer who moved to Pennsylvania for a job in state government. He later purchased a motel in 1984 that grew into a larger portfolio that consists of 52 hotels today. Recently I spoke with Neil about their company holdings, strategies and plans for the future.
  • June

    Starwood Property's 8.9% Dividend Yield Is In My Sweet Spot

    Although Starwood Property Trust (STWD) did not get in on the first round of GE’s planned divestures of commercial debt, executives (at STWD) confirmed that they would consider deals in the future. "There is several hundred billion dollars of assets left at GE, and you can be assured that they know we [...]

  • CorEnergy Shares Pullback, Yield Is Now 8.9%

    Note: After the market closed today I initiated a small position in CorEnergy (CORR):  Yesterday CorEnergy Trust (CORR) announced that it was acquiring 100 percent of the Grand Isle Gathering System from Energy XXI USA Inc. for $245 million. Also, CORR said it intends to offer 11,250,000 shares of common stock [...]

  • Building A Durable REIT Portfolio From Scratch

    I just finished an article for the upcoming newsletter, recapping my mid-year Durable Income Portfolio. It has taken me over two years to build-out a well-rounded portfolio that now consists of over 25 REITs with an average dividend yield of 5.12%. As a value investor, my job is to farm [...]

  • Spirit's 6.5% Dividend Yield Looks Sound

    Last week I attended over 30 Investor Presentations at REIT Week and I look forward to providing you with details in the upcoming edition of the Forbes Real Estate Investor. I found it somewhat ironic that REIT Management & Research (or RMR) announced last week that it had acquired a 48.4% [...]

  • Lexington's Will Elgin Discusses Lease Strategies And Building A Better Balance Sheet (June Issue)

    Lexington Realty CEO Will Elgin provides an inside look into the REIT.
  • May

    Doubling Down On Data REITs

    Recently CyrusOne (CONE) sad it was buying Cervalis Holdings for $400 million in an acquisition that includes 4 data centers and 2 work area recovery facilities serving the New York metro area. According to a recent CONE Investor Presentation Cervalis has a “premier financial services platform” and the “highly complementary” [...]

  • Dividend Safety Trumps Dividend Yield

    In my quest for durable income, my goal is to maintain a tactically balanced portfolio that includes a combination of safe income sprinkled by higher yielding (and moderately safe) components. As you may already know, dividend safety trumps dividend yield so I will always seek out the safest alternatives first and [...]

  • Hotline: Too Much Risk, Time To Cash In The Chips

    One common mistake that investors make when purchasing shares in REITs is not examining the alignment of interests between management and shareholders. Oftentimes investors get sidetracked when they become fixated on a particular investment and forget to take a closer look at the employees that are running the operation. It’s always [...]

  • Store Capital's CEO Explains His Unique Investment Approach (May Issue)

    In November 2014 Store Capital listed on the New York Stock Exchange. Since that time the Scottsdale-based REIT's shares have returned more than 25%.
  • April

    Time To Unload This Zombie REIT

    I’m sure it’s no surprise to you that I decided to unload shares in Chambers Street (CSG) today. This stock has just been a pancake participant – in other words, the share price has been as “flat as a pancake” and I decided I could find better uses than to [...]

  • Tanger Factory Outlets: You Had Me At 'Hello'

    Some of you may remember that famous line in the movie Jerry Maguire where Renee Zellweger says to Tom Cruise, "You had me at hello". That’s the feeling I had earlier this week when I walked into Tanger Factory Outlets' (SKT) new project in Pooler, Georgia (just outside of Savannah). Don’t get me wrong, [...]

  • "Big Brother" Affiliation A Big Plus For Blackstone Mortgage

    On March 27th I wrote an article recommending Blackstone Mortgage Trust (BXMT) based upon the following: (1) the model is simple, and the company is focused on one platform of senior lending; (2) the company is focused on a floating-rate model that insulates from rate increases; (3) there is an [...]

  • REITs Pulled Back Today Creating Buy-Side Opportunity

    Yesterday the REIT sector took another dip as the MSCI US REIT Index (RMZ) dropped 2.1% while the Dow Industrial Average (up .31%) and S&P 500 (up .45%) posted gains. Theories abound as to why REITs seem to be the “deer in headlights” whenever there’s positive economic news hitting the street. [...]

  • My Weekly Durable Income Update

    I hope you’re enjoying the April edition of the Forbes Real Estate Investor. As I mentioned (in the April edition), I am considering moving Chambers Street Group (CSG) from a HOLD to a SELL. Shares in the Net Lease REIT have been trading poorly (since listing in May 2013) and now [...]

  • REIT: The Four Most Important Letters In Retirement (April Issue)

    REITs provide four important investment benefits that have held up well over time and are relatively simple to explain.
  • March

    An Under-Valued Canadian REIT That Yields 7.4%

    I wanted to provide you with a new Canadian REIT that I plan to add to my monthly dividend research.  Slate Retail REIT is listed on the Toronto Stock Exchange (SRT.UN) and shares can also be purchased in U.S. dollars (SRT.U). This Toronto-based REIT made its debut as a public [...]

  • A Milestone Move For The Monthly Dividend Company

    On Friday Realty Income (O), better  known as “The Monthly Dividend Company”, said it was set to join the S&P 500, replacing Windstream Holdings (NADSAQ:WIN), soon to spin-off assets into a REIT. The San Diego-based REIT has evolved (in over two decades) into a massive operation that includes over 4,300 properties [...]

  • The Brand New Durable Income Portfolio

    Benjamin Graham summarized his own philosophy by stating that intelligent investing consists of analyzing potential purchases according to sound business principles. This includes: an understanding of what you are doing, making your own decisions, ensuring that you are not risking a substantial portion of your original investment, and sticking to [...]

  • Brixmor Is No Bargain But I'm Still Buying

    Ben Graham’s philosophy for intelligent investing consists of analyzing potential purchases according to sound business principles. This includes an understanding of what you are doing, making your own decisions, and sticking to your own judgments without regard to the opinions of Mr. Market.  As Graham reasoned, “you are neither right [...]

  • A Wider Margin of Safety Now With Lexington Realty

    As I referenced in an article Monday, another one-day panic (spurred by positive job growth news) “smacked down” REIT shares (on Friday) by around 3.3% creating some opportunistic entry targets for a number of REITs. When investors spot a security trading on fear, not fundamentals, it’s always a good sign [...]

  • Forbes Real Estate Investor: Risk Assessment Is Essential (March Issue)

    Is now a good time to invest in the REIT sector?

  • Hotline: Why Host Hotels & Resorts Is A Buy

    Recently, Stifel downgraded Host Hotels & Resorts (HST) from a Buy to a Hold due to “lackluster 2015 outlook…and partly due to valuation”. Here’s how the analyst summed it up: It was suggested on the earnings call that the underperformance may be due to the lack of acquisitions and [...]
  • February

    Hotline: Hersha Hospitality: A Buy For The $10 REIT Portfolio

    Here's why this owner of mid-scale hotels is a buy.

  • Hotline: A Wider Margin Of Safety For Taubman Centers

    Last week Taubman Centers provided fourth quarter earnings results of $.54 in funds from operations and $1.00 per share in adjusted FFO. Full-year FFO came in at $3.67, including $.46 from 7 centers sold to Starwood recently. Street estimates for the quarter were $.52 for FFO and $.97 for adjusted FFO. While Taubman’s results were a few pennies above fourth quarter estimates, Mr. Market was less thrilled with the 2015 guidance.

  • Forbes Real Estate Investor: Don't Bet The Farm, Invest In It Instead, Here's How (February Issue)

    Farmland is the safest way to play the global food demand story. This REIT has solid fundamentals and potential for growth.
  • January

    2015 REIT Outlook

    Real estate fundamentals should improve further during 2015. Demand for real estate continues to grow with the strengthening economy. At the same time, supply for most product types has been kept in check. Rising interest rates remain a concern, but the strength of the underlying economy will at least somewhat mitigate their impact on the REIT sector in 2015.
2014
  • December

    Top 10 REITs For 2015

    Ventas and nine other REITs worth considering.
  • November

    REITs Are Becoming A Main Stream Asset Class

    It's great news for dividend investors as S&P; Dow Jones announced the plan to add real estate investment trusts as a dedicated sector. Currently, REITs are lumped into the financials sector and 1999 was the last time that S&P; added a new category.
  • October

    Breaking Down REIT Distributions

    Real estate investment trusts (REITs) were established to allow small investor access to large income producing real estate assets, much like mutual funds provide access to stocks. In doing so, REITs were givien a special tax designation used to cut their corporate taxes.
  • September

    Checking Into The Strong Hotel Sector

    With hotel fundamentals looking strong for the next few years, hospitality REITs are showing signs of pushing more aggressively into hotly contested property markets.
  • August

    How Does Preferred Equity Work?

    Preferred equity is a valuable way for companies to access permanent financing without diluting shareholders. Similar to debt, companies have to make coupon payments on preferred equity. However, unlike debt, the principal amount never has to be repaid. Additionally, preferred equity holders have no claim on assets and therefore the company cannot default due to missed payments.
  • July

    The Calm Before The Storm

    REITs today are benefiting from historically low interest rates and that has fueled their growth over the past several years. This growth has also resulted in general improvement in payout ratios, dividends paid and financial positions across most of the spectrum of REITs.
  • June

    School Is Out And REITs Are In Session

    REITs have outperformed the market year-to-date by a wide margin.
  • May

    Is This Blue Chip REIT A Buy?

    Shares of this REIT are done over the last 12 months. Time to get in?
  • April

    REIT Market Heating Back Up

    The REIT market is heating up, perhaps sparked by strong returns relative to the S&P; 500, DJIA, Russell 200 and NASDAQ. During the past several weeks, numerous companies have gone public, while other REITs have spun off from parent companies.
  • March

    Net Lease REITs: No Longer A Niche Class

    The net lease sector has been an increasingly popular asset class and it should continue to grow in size as more companies find it an attractive source of capital for investors seeking yield.
  • February

    Farmland: One Of The Newest REIT Specialty Property Sectors

    Review of two farmland REITs.
  • January

    REIT IPOs On The Rise

    There was a wave of IPOs and REIT conversions that expanded the U.S. REIT sector during 2013. At the end of November, the FTSE NAREIT “All REIT” Index included 197 equity and mortgage REITs with market cap of $665 billion, up from 172 REITs with total market cap of $603 billion at the end of 2012.
2013
  • December

    A West Coast Apartment REIT Hitting All Cycliners

    The West Coast has seen better than average job growth and the above average population growth has created strong demand for commercial real estate. These favorable demographic trends make it a significant investment market.
  • November

    Is It Time To Overweight Your REIT Portfolio?

    For those of you who are new to REIT investing, now is a good time to tip your toes in the pool and get a taste of the dividend-centric sector.
  • October

    A Small Cap REIT Flying Under The Radar

    By flying under the radar small-cap REITs can offer better potential for growth over the long term.
  • September

    Lots Of Dry Powder In REIT-Dom

    Looking at aggregate REIT credit facility trends over the last three years shows that the total capacity has steadily increased.
  • August

    How Long Does A Taper Tantrum Last?

    Once one of the major goals of the Federal reserve when implementing QE was to reduce real interest rates and now with that winding down, the so-called taper-effect is becoming more of a tantrum for many REIT investors. The threat of rising interest rates has already taken a huge bite out of REIT stocks’ year-to-date performance and questions remain as to how long it will take to recover.