by Simon Bowler | Oct 31, 2023 | The State of REITs
REITs averaged a -7.14% total return in September and have fallen into the red year to date. Small cap REITs (-6.51%) outperformed yet again in September. Micro caps (-10.45%) continue to severely underperform their larger REIT peers. Only 9.74% of REIT securities had...
by Dane Bowler | Oct 30, 2023 | REIT Total Return Portfolio
Allow us to open this portfolio update with a chart we think explains what is happening in REITs. REITs are viewed as yield plays and their yield has traded up with treasury yields (price down on both). FFO is fine, growing moderately heading into 2024. Fundamental...
by Ross Bowler | Oct 30, 2023 | Market Commentary
Higher for Longer With the September 20th release of the Federal Reserve’s statement we learned that they would pause in their inflation fighting, interest rate hiking campaign. Market relief didn’t last long as the conversation shifted focus to rates remaining “high...
