Real Estate & REITs
Real estate investment trusts, rental properties, house hacking, and real asset allocation in a portfolio.
REIT selloff: opportunity or value trap?
VICI is the best REIT I own. Triple net leases on Las Vegas Strip casinos. 43-year weighted average lease term. CPI-linked rent escalators. Tenants who CANNOT leave.
$AMT thesis: cell tower REITs in the 5G buildout
VICI is the best REIT I own. Triple net leases on Las Vegas Strip casinos. 43-year weighted average lease term. CPI-linked rent escalators. Tenants who CANNOT leave.
The interest rate impact on REIT valuations — explained
REIT thesis: real assets, contractual income, inflation linkage through lease escalators, and forced diversification. Rising rates hurt short-term but quality REITs grow through rate cycles.
The interest rate impact on REIT valuations — explained
Data center REITs are the AI infrastructure play people sleep on. $DLR and $EQIX have 10-year contracts with hyperscalers who can't build fast enough. Power constraints create a durable moat.
Cap rate math: how I evaluate REIT fair value
Industrial REITs ($PLD, $EGP): e-commerce secular tailwind, near 100% occupancy, 5%+ rent growth on renewals. Office REITs: tenant flight to quality, high vacancies, hybrid work questions. Avoiding.
Preferred shares of REITs — underrated income play?
REIT thesis: real assets, contractual income, inflation linkage through lease escalators, and forced diversification. Rising rates hurt short-term but quality REITs grow through rate cycles.
My REIT portfolio breakdown and yield analysis
Data center REITs are the AI infrastructure play people sleep on. $DLR and $EQIX have 10-year contracts with hyperscalers who can't build fast enough. Power constraints create a durable moat.
Cap rate math: how I evaluate REIT fair value
Industrial REITs ($PLD, $EGP): e-commerce secular tailwind, near 100% occupancy, 5%+ rent growth on renewals. Office REITs: tenant flight to quality, high vacancies, hybrid work questions. Avoiding.
My REIT portfolio breakdown and yield analysis
VICI is the best REIT I own. Triple net leases on Las Vegas Strip casinos. 43-year weighted average lease term. CPI-linked rent escalators. Tenants who CANNOT leave.
My REIT portfolio breakdown and yield analysis
O at this price: 5.8% yield, monthly dividend, 30 consecutive years of increases. At 14x AFFO, I think risk/reward is compelling for a core holding.
Industrial REITs vs office REITs — very different stories
REIT thesis: real assets, contractual income, inflation linkage through lease escalators, and forced diversification. Rising rates hurt short-term but quality REITs grow through rate cycles.
Cap rate math: how I evaluate REIT fair value
O at this price: 5.8% yield, monthly dividend, 30 consecutive years of increases. At 14x AFFO, I think risk/reward is compelling for a core holding.
Industrial REITs vs office REITs — very different stories
Industrial REITs ($PLD, $EGP): e-commerce secular tailwind, near 100% occupancy, 5%+ rent growth on renewals. Office REITs: tenant flight to quality, high vacancies, hybrid work questions. Avoiding.
Self-storage REITs: cyclical or secular growth?
O at this price: 5.8% yield, monthly dividend, 30 consecutive years of increases. At 14x AFFO, I think risk/reward is compelling for a core holding.
My REIT portfolio breakdown and yield analysis
Data center REITs are the AI infrastructure play people sleep on. $DLR and $EQIX have 10-year contracts with hyperscalers who can't build fast enough. Power constraints create a durable moat.
My REIT portfolio breakdown and yield analysis
REIT thesis: real assets, contractual income, inflation linkage through lease escalators, and forced diversification. Rising rates hurt short-term but quality REITs grow through rate cycles.
My REIT portfolio breakdown and yield analysis
Cap rate math: simple tool for avoiding overpaying. The implied cap rate expansion vs current market rates tells you a lot about the risk/reward.
My REIT portfolio breakdown and yield analysis
VICI is the best REIT I own. Triple net leases on Las Vegas Strip casinos. 43-year weighted average lease term. CPI-linked rent escalators. Tenants who CANNOT leave.
The interest rate impact on REIT valuations — explained
VICI is the best REIT I own. Triple net leases on Las Vegas Strip casinos. 43-year weighted average lease term. CPI-linked rent escalators. Tenants who CANNOT leave.
My REIT portfolio breakdown and yield analysis
REIT thesis: real assets, contractual income, inflation linkage through lease escalators, and forced diversification. Rising rates hurt short-term but quality REITs grow through rate cycles.
Preferred shares of REITs — underrated income play?
REIT thesis: real assets, contractual income, inflation linkage through lease escalators, and forced diversification. Rising rates hurt short-term but quality REITs grow through rate cycles.
Medical REITs ($MPW, $WELL) — I have opinions
VICI is the best REIT I own. Triple net leases on Las Vegas Strip casinos. 43-year weighted average lease term. CPI-linked rent escalators. Tenants who CANNOT leave.
My REIT portfolio breakdown and yield analysis
Cap rate math: simple tool for avoiding overpaying. The implied cap rate expansion vs current market rates tells you a lot about the risk/reward.
Data center REITs: $DLR and $EQIX thesis
Industrial REITs ($PLD, $EGP): e-commerce secular tailwind, near 100% occupancy, 5%+ rent growth on renewals. Office REITs: tenant flight to quality, high vacancies, hybrid work questions. Avoiding.
The interest rate impact on REIT valuations — explained
REIT thesis: real assets, contractual income, inflation linkage through lease escalators, and forced diversification. Rising rates hurt short-term but quality REITs grow through rate cycles.
Why I prefer individual REITs over VNQ
Industrial REITs ($PLD, $EGP): e-commerce secular tailwind, near 100% occupancy, 5%+ rent growth on renewals. Office REITs: tenant flight to quality, high vacancies, hybrid work questions. Avoiding.
REIT selloff: opportunity or value trap?
VICI is the best REIT I own. Triple net leases on Las Vegas Strip casinos. 43-year weighted average lease term. CPI-linked rent escalators. Tenants who CANNOT leave.
Cap rate math: how I evaluate REIT fair value
VICI is the best REIT I own. Triple net leases on Las Vegas Strip casinos. 43-year weighted average lease term. CPI-linked rent escalators. Tenants who CANNOT leave.
$AMT thesis: cell tower REITs in the 5G buildout
REIT thesis: real assets, contractual income, inflation linkage through lease escalators, and forced diversification. Rising rates hurt short-term but quality REITs grow through rate cycles.
Why I prefer individual REITs over VNQ
Cap rate math: simple tool for avoiding overpaying. The implied cap rate expansion vs current market rates tells you a lot about the risk/reward.
$O at 52-week lows — is this a buy?
Industrial REITs ($PLD, $EGP): e-commerce secular tailwind, near 100% occupancy, 5%+ rent growth on renewals. Office REITs: tenant flight to quality, high vacancies, hybrid work questions. Avoiding.
$AMT thesis: cell tower REITs in the 5G buildout
Industrial REITs ($PLD, $EGP): e-commerce secular tailwind, near 100% occupancy, 5%+ rent growth on renewals. Office REITs: tenant flight to quality, high vacancies, hybrid work questions. Avoiding.
Preferred shares of REITs — underrated income play?
VICI is the best REIT I own. Triple net leases on Las Vegas Strip casinos. 43-year weighted average lease term. CPI-linked rent escalators. Tenants who CANNOT leave.
Self-storage REITs: cyclical or secular growth?
Data center REITs are the AI infrastructure play people sleep on. $DLR and $EQIX have 10-year contracts with hyperscalers who can't build fast enough. Power constraints create a durable moat.
$VICI — gaming REIT with the best tenants in the business
Data center REITs are the AI infrastructure play people sleep on. $DLR and $EQIX have 10-year contracts with hyperscalers who can't build fast enough. Power constraints create a durable moat.
The interest rate impact on REIT valuations — explained
Data center REITs are the AI infrastructure play people sleep on. $DLR and $EQIX have 10-year contracts with hyperscalers who can't build fast enough. Power constraints create a durable moat.
Industrial REITs vs office REITs — very different stories
REIT thesis: real assets, contractual income, inflation linkage through lease escalators, and forced diversification. Rising rates hurt short-term but quality REITs grow through rate cycles.
Why I prefer individual REITs over VNQ
Industrial REITs ($PLD, $EGP): e-commerce secular tailwind, near 100% occupancy, 5%+ rent growth on renewals. Office REITs: tenant flight to quality, high vacancies, hybrid work questions. Avoiding.
REIT selloff: opportunity or value trap?
REIT thesis: real assets, contractual income, inflation linkage through lease escalators, and forced diversification. Rising rates hurt short-term but quality REITs grow through rate cycles.
REIT vs rental property — where to put capital?
Data center REITs are the AI infrastructure play people sleep on. $DLR and $EQIX have 10-year contracts with hyperscalers who can't build fast enough. Power constraints create a durable moat.
Preferred shares of REITs — underrated income play?
REIT thesis: real assets, contractual income, inflation linkage through lease escalators, and forced diversification. Rising rates hurt short-term but quality REITs grow through rate cycles.
Self-storage REITs: cyclical or secular growth?
O at this price: 5.8% yield, monthly dividend, 30 consecutive years of increases. At 14x AFFO, I think risk/reward is compelling for a core holding.
$O at 52-week lows — is this a buy?
VICI is the best REIT I own. Triple net leases on Las Vegas Strip casinos. 43-year weighted average lease term. CPI-linked rent escalators. Tenants who CANNOT leave.
Why I prefer individual REITs over VNQ
O at this price: 5.8% yield, monthly dividend, 30 consecutive years of increases. At 14x AFFO, I think risk/reward is compelling for a core holding.
$AMT thesis: cell tower REITs in the 5G buildout
Cap rate math: simple tool for avoiding overpaying. The implied cap rate expansion vs current market rates tells you a lot about the risk/reward.
Self-storage REITs: cyclical or secular growth?
REIT thesis: real assets, contractual income, inflation linkage through lease escalators, and forced diversification. Rising rates hurt short-term but quality REITs grow through rate cycles.
Medical REITs ($MPW, $WELL) — I have opinions
Data center REITs are the AI infrastructure play people sleep on. $DLR and $EQIX have 10-year contracts with hyperscalers who can't build fast enough. Power constraints create a durable moat.
$AMT thesis: cell tower REITs in the 5G buildout
VICI is the best REIT I own. Triple net leases on Las Vegas Strip casinos. 43-year weighted average lease term. CPI-linked rent escalators. Tenants who CANNOT leave.
Cap rate math: how I evaluate REIT fair value
VICI is the best REIT I own. Triple net leases on Las Vegas Strip casinos. 43-year weighted average lease term. CPI-linked rent escalators. Tenants who CANNOT leave.
$AMT thesis: cell tower REITs in the 5G buildout
Data center REITs are the AI infrastructure play people sleep on. $DLR and $EQIX have 10-year contracts with hyperscalers who can't build fast enough. Power constraints create a durable moat.