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JaxBill's avatar

Nice job showing the impact of the interest rate on these investments. The increases in rates are, of course, a response to inflation. As we've discussed in the past, how well REITS handle this opportunity, especially in the long term net lease space, will determine how successful they will be. Some REITS, apartments and retail strip centers have an easier time benefiting from inflation. The triple net lease guys will have to have some serious discussions upon renewal. This is one area that benefits WPC as one-time bumps will not be as great.

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Paul Drake's avatar

Agree completely. We have seen more mention in earnings calls of using bigger or variable bumps lately. This will be a long story.

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Brian Kemmerer's avatar

On your original Go-Fishing portfolio you suggested you should add some energy midstream companies. You thought a few that met your criteria were EPD, ENB, & KMI at that time. Do you still think this is a good idea? How many would you suggest adding and what weight should they be given in the Go-Fishing portfolio? Also, do you have any other non-K-1 issuing companies appropriate for an IRA account? Thank you!

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Paul Drake's avatar

Good questions, Brian. I do intend to think that through, though perhaps not until fall/winter. In the meantime I did put up a midstreams sheet on the Google Drive, with some comments. For now: EPD will definitely make the list. Pembina will too. Not sure on ENB or KMI. And less sure about the others -- the question is how comfortable I would feel going a year without checking on them. Among the producers, maybe CNQ and TOU. Of course, none of the little guys.

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