Market Commentary | July 29, 2025
Market Commentary | July 29, 2025 Persistence, Perseverance, and Patience Pay Off Being dedicated REIT investors, we try to cover and analyze every issue in our universe. For City Office REIT (CIO), that has meant a quiet following of the issue since its 2014 IPO....Market Commentary | June 20, 2025
Market Commentary | June 20, 2025 Navigating Uncertainty On June 18th, we found ourselves in good company. Central Bank Chair Jerome Powell spent much of his Wednesday afternoon news conference reviewing all the things the Fed does not yet know. Primarily, whether...UMH Properties’ Fundamentals Look Strong
UMH Properties’ Fundamentals Look Strong UMH Properties (UMH) offers an enticing combination of value and growth. Specifically, it has a greater than 5-year runway of double-digit organic growth, yet it trades at a steep discount to net asset value (NAV). This...REIT Lost Decade: The Long-tail Effect of Market Manipulation
REIT Lost Decade: The Long-tail Effect of Market Manipulation The S&P 500 had what is referred to as “the lost decade” at the turn of the century. S&P returns were close to zero from 2000 to 2010. The REIT lost decade was 2015 to 2025. At the end of such a...Market Commentary | April 22, 2025
Navigating the Storm
As a fundamental starting point, we try to identify sectors producing earnings growth. The next step is to discern which companies and issues within that sector present a price point of entry that optimizes returns; are the company’s earnings growing as fast, and are the shares cheaper than those of peers?