2MC publishes news and articles designed to keep investors apprised of happenings in the REIT Sector. From time to time, we may share articles or review books we think may be of interest.
NEWS AND UPDATES
The State of REITs: July 2024 Edition
The REIT sector continued to recover in June with a +1.12% average total return but closed out the first half of the year in the red (-3.86%). Micro cap REITs (-3.79%) averaged a negative total return in June, but small caps (+1.01%), mid caps (+2.29%), and large caps...
read moreMarket Commentary | July 17, 2024
A Glimpse at the Future? Earlier this month, a report of a cooling jobs market, closely followed by a CPI report that consumer prices declined in June, provided more than enough fuel to reignite speculation the Fed would soon begin cutting interest rates. The fever...
read moreREIT Total Return Positioning Heading into the 2nd Half of 2024
As fundamentals and macros are shifting significantly, we want to focus this review primarily on the environment for REITs broadly and for specific REIT sectors. Price movements of individual REITs have not properly matched fundamental changes making some areas...
read moreMarket Commentary | June 20, 2024
Back in 2018, 2nd Market Capital attached to the phrase, “REITs Touch Every Economic Sector”. Marketing slogans often quickly go musty, and dusty, and lose their significance, but based on how world economies are evolving, this statement is more accurate than ever....
read moreThe State of REITs: June 2024 Edition
After a rough start to the year, REITs partially bounced back in May with a +2.51% average total return. Small cap REITs (-0.48%) averaged a negative return in May, but micro caps (+5.09%), large caps (+4.28%), and mid caps (+3.35%) were solidly in the black. 03% of...
read moreMarket Commentary | May 21, 2024
Patient Money
Strong economic news from March dashed hopes of a June rate cut and in response, the MSCI REIT Index declined more than 7% in April. Moderating CPI and jobs data earlier this month caused REIT prices to rebound significantly in May, but we want to emphasize that our investments are not motivated simply by the vicissitudes of interest rates or other macroeconomic metrics.
read moreThe State of REITs: May 2024 Edition
With a -4.27% average total return in April, REITs have now seen declines in 3 of the first 4 months of 2024. Micro caps (-2.71%) and small caps (-2.87%) averaged low single-digit declines in April while mid caps (-5.36%) and large caps (-5.99%) performed even worse....
read moreMarket Commentary | April 22, 2024
Two Sides to the Same Story
An inordinate amount of focus has been placed on which way the wind blows in relation to when the Fed will begin cutting interest rates.
read moreThe State of REITs: April 2024 Edition
REITs bounced back from a rough start to the year with a strong +3.26% average total return in March. Mid cap (+5.04%), small cap (+3.90%) and large cap REITs (+2.32%) averaged gains in March while micro caps (-0.32%) saw yet another month in the red. 06% of REIT...
read moreREIT Total Return Portfolio Review Heading into 2Q2024
A shifting macro environment should benefit REITs
We continuously review the positions in the 2nd Market Capital REIT Total Return Portfolio (RTR) to make sure each thesis is up to date and throughout the month we trade out if a new position looks more opportunistic than an existing position.
read moreContact Us
2nd Market Capital Advisory Corp
650 N. High Point Road
Madison, WI 53717
(608) 833-7793 - phone
info@2ndmarketcapital.com
