Week Ended 3/29/18

Close of quarter The first quarter of 2018 was a rough one, but it finished much better than it looked in January and February.  Interest rates have fallen back down as turmoil among tech stocks has spooked the market.  As the tech bubble expanded it pulled money out...

Week Ended 3/23/18

Could REITs be the new safe haven? Despite including a Fed meeting in which rates were hiked 25 basis points along with hawkish dot plots suggesting a Fed Funds rate breaching 3% over the next few years, March has been a favorable month for REITs as the sector has...

Week Ended 3/16/18

REIT Rally REITs had another good week, adding to the recovery already underway in March.  Notably, this rally is occurring beside a ten year treasury yield that is not falling.  To me, this indicates an end or at least a lessening of the market’s fixation on the...

Week Ended 3/9/18

Economic impact on REITs The latest jobs report revealed that February added 313,000 net jobs which significantly beat the consensus estimate of 200,000.  With so much focus on the Fed and the notion that a stronger economy encourages the Fed to go ahead with rate...

Week Ended 3/2/18

8th inning of earnings season Farmland Partners (FPI) had a strong report with guidance calling for positive AFFO/share growth in 2018.  NAV of the underlying farmland has held strong in the high $12 range and rents are looking to stabilize in 2018 and roll back up...