Week Ended 10/25/19

Earnings season is kicking off at full velocity but as smaller cap REITs tend to report later in the season, only 2 of 2CHYP’s REITs have reported; WPG and SLG.  Please check out our analysis of their earnings in the portfolio analytics section of the website. In...

Week Ended 10/18/19

In the quarterly analytics we provided an elevator thesis on each REIT in the portfolio.  Today I want to dig a bit deeper into SL Green. SLG just reported 3Q earnings with fairly strong results driven by healthy rollups on expiring leases.  More important, in my...

2CHYP Portfolio Analytics 3Q19

Welcome to the 2CHYP quarterly analytics.  Each quarter we analyze our holdings both at a portfolio level and at a company level. PDF link: Here SLG 3Q19 Earnings Earnings analysis PDF WPG 3Q19 Earnings Earnings analysis PDF STAG 3Q19 Earnings Earnings analysis PDF...

Week Ended 10/11/19

REIT valuation As a REIT dedicated investor, I am arguably incented to be a permanent bull, but if I’m being honest, I think REITs are slightly overvalued right now.  The REIT index has risen excessively on the flight to yield trade and many of the issues are priced...

Week Ended 10/4/19

A subscriber requested updated thoughts on Uniti as it relates to the Windstream situation.  I suspect this topic is top of mind for many subscribers given the persistently low price of UNIT and the seeming lack of progress toward a resolution. Essentially, Uniti is...