Week Ended 9/28/18

Wrapping up the 3rd quarter REITs finished the 3rd quarter up about 1% as a tough September erased most of the gains from July and August.  This brings year to date performance of REITs to up roughly 2% including dividends.  This is well below the long run historical...

Week Ended 9/21/18

10 year treasury yield over 3% With the 10 year treasury yield ticking back up over 3%, this may be a good time to review how this impacts REITs, but let us first look at the nature of the rise.  The Fed does not directly control the ten year treasury yield, instead...

Week Ended 9/14/18

Retail REITs recovered earlier this year as retail data came in quite strong.  More recently, prices have crashed back down leaving many of the common and preferred stocks quite cheap.  2CHYP currently has just over 12% retail exposure which makes us underweight the...

Week Ended 9/7/18

Illogical movement A particularly strong jobs report sent REITs tumbling today on the basis of the report increasing the potential for Fed Rate hikes.  This isn’t the first time REITs have fallen on positive economic news.  In fact, I think it has happened over a...