Week Ended 12/29/17

Closing out the year Once all the data comes in we will provide full analytics of the 2CHYP portfolio heading into 2018.  The analytics will focus on the portfolio level, so today, I want to highlight some specific stocks we think are well positioned to start the...

Week Ended 12/22/17

2CHYP positioning for 2018 2017 has been a rough year for REITs with the sector massively underperforming the S&P.  As value investors, this backdrop makes us more bullish on 2018 as the value gap between REITs and the broader market has widened.  REIT yields are...

Week Ended 12/15/17

Managing Through the Rear-View Mirror Those who do not know history are doomed to repeat it. It is important to maintain a healthy respect for past performance of companies and assets, but to do so in the context of the future.  Far too often companies will buy assets...

Week Ended 12/8/17

Encouraging news It is often the case that REITs do not move up on news that affects their underlying fundamentals because REITs are not seen as being impacted.  SPG and WPG continue to languish despite the strength of the holiday shopping season and the benefits...

Week Ended 12/1/17

Macroeconomic strength and REITs With GDP picking up, the more economically sensitive REITs are positioned to benefit. October’s data reveals that single family housing starts in the south are up 16.6% month over month.  This is precisely the region that CTT supplies...