by Dane Bowler | Jul 15, 2024 | REIT Total Return Portfolio
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...
by Dane Bowler | Apr 17, 2024 | REIT Total Return Portfolio
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...
by Dane Bowler | Jan 9, 2024 | REIT Total Return Portfolio
Opportunities on the Horizon The start of the new year marks a great time to update our portfolio’s strategy and positions. There are certain aspects of the 2nd Market Capital REIT Total Return Portfolio (RTR) that are unlikely to change as they are rooted in our...
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 Dane Bowler | Jul 28, 2023 | REIT Total Return Portfolio
While many of the stocks in the REIT Total Return Portfolio (RTR) are new, there are others that have been in here for a while. In order to avoid redundancy, we like to examine them from a different lens each quarter. The focus of this review is going to be multiple...
by Dane Bowler | Apr 6, 2023 | REIT Total Return Portfolio
We continue to be presented with the problem of there being more opportunistic stocks than realistically fit into the portfolio. It is tempting to just buy them all which would reduce the weight allocated to each position, but we will likely be doing the opposite....
