Week Ended 6/30/17

by | Jun 30, 2017 | 2CHYP, 2CHYP Weekly Commentary

2CHYP anniversary With the close of the 2nd quarter, 2CHYP has been running for a full year as it began on 7/1/16.  Including dividends receivable, total returns for the year ended 6/30/17 were about 15.5% as compared to the REIT index which was approximately flat. ...

Week Ended 6/23/17

by | Jun 23, 2017 | 2CHYP, 2CHYP Weekly Commentary

Big growth vs. small value Large cap and growth are the clear winners so far in 2017.  In fact, those with market caps under $2B are down on average.  Value REITs have gotten even cheaper, widening the multiple gap. We could capitulate and follow the trend, but that...

Week Ended 6/16/17

by | Jun 16, 2017 | 2CHYP, 2CHYP Weekly Commentary

Grocers and prisons Amazon has blown up REITs yet again.  It wasn’t enough that they were a competitor for the malls and the shopping centers, but they are now a competitor to grocery stores with their purchase of Whole Foods.  Kroger and the other grocers are down...

Week Ended 6/9/17

by | Jun 9, 2017 | 2CHYP, 2CHYP Weekly Commentary

REITWEEK results Each year REITWEEK seems to have a substantial impact on the market.  My theory on this is that it is, for many firms, the final stage of due diligence on REITs before making their purchase or sell decisions.  It can therefore mark the emergence of...

Week Ended 6/2/17

by | Jun 2, 2017 | 2CHYP, 2CHYP Weekly Commentary

REITWEEK is here Each year REITs have a big conference where they present and host meetings with investors at an event called REITWEEK.  We attend each year and meet with as many management teams as time allows with a goal of gaining incite on company fundamentals. ...