2MC publishes news and articles designed to keep investors apprised of happenings in the REIT Sector. From time to time, we may share articles or review books we think may be of interest.
NEWS AND UPDATES
The State of REITs: November 2023 Edition
REITs averaged a -5.31% total return in October and have now fallen to a double-digit negative total return year to date (-10.46 %). Large cap REITs (-2.24%) outperformed their smaller peers in October. Micro caps (-11.32%) extended their streak of severe...
read moreMarket Commentary | November 22, 2023
Pass the Dramamine
In January, I will begin my 41st year as an investment advisor. That tenure should lend credence to my observation that interest rate volatility has never been more dizzying.
read moreThe State of REITs: October 2023 Edition
REITs averaged a -7.14% total return in September and have fallen into the red year to date. Small cap REITs (-6.51%) outperformed yet again in September. Micro caps (-10.45%) continue to severely underperform their larger REIT peers. Only 9.74% of REIT securities had...
read moreREIT Total Return Portfolio Review Heading Into 4Q23
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...
read moreMarket Commentary | October 19, 2023
With the September 20th release of the Federal Reserve’s statement we learned that they would pause in their inflation fighting, interest rate hiking campaign.
read moreThe State of REITs: September 2023 Edition
The REIT sector gave up some of the gains achieved in June and July with a -4.13% average total return in August. Small cap REITs (-2.49%) outperformed again in August. Micro caps (-13.08%) badly underperformed their larger REIT peers. Only 18.06% of REIT securities...
read moreMarket Commentary | September 15, 2023
Over the last year or so, our exposure to residential real estate investment has been very limited. It’s not that business hasn’t been very good for apartment owners; from the start of 2021 through 2022, rents on lease renewals routinely jumped 15 to 20%.
read moreMarket Commentary | August 29, 2023
Higher interest rates have made commercial real estate prohibitively expensive. Higher interest rates have destabilized the regional banking system through the evaporation of no-cost deposits, which resulted in a raft of stricter banking regulations that further restrict commercial real estate lending.
read moreThe State of REITs: August 2023 Edition
The REIT sector followed a strong June with further gains in July, averaging a solid +4.37% total return in July. Small cap REITs (+5.23%) continued to outperform in July. Large caps (+2.46%) underperformed their smaller REIT peers for the 3rd straight month in July....
read moreREIT Total Return – Heading into the 2nd Half of 2023
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...
read moreContact Us
2nd Market Capital Advisory Corp
650 N. High Point Road
Madison, WI 53717
(608) 833-7793 - phone
info@2ndmarketcapital.com
