Week ended 09/30/16

It was a fairly quiet week for REITs with the market rattling around in a band.  We made some trades that proved successful having sold out of IRT right before the equity offering crashed its price and swapping out the FPI for AFCO before the arbitrage partially...

Week ended 09/23/16

09/23/2016 Commentary This week was characterized by apprehension and euphoric relief as the market sold off in the early hours of Fed Wednesday before spiking dramatically as the “no hike” was called. This relief rally carried through the rest of the week for total...

Week ended 09/16/16

Farmland Partners (FPI) just announced that it is buying American Farmland Company (AFCO) in a stock for stock transaction.  Strategically, we think the move makes sense for both companies.  AFCO’s assets are valuable but their performance was held back by the G&A...

Week ended 09/09/16

REITs are down nearly 3% intraday on what appears to be worry about a more hawkish Fed. Rosengren, Boston’s Fed president, who is typically regarded as dovish gave some commentary that the market has deemed to be indicative of potential tightening. I find this to be a...