Theory Articles

Looking Ahead For REITs

Sunday morning musings…

Jun 29 •

How REITs Grow Earnings

It is really a shame that this subject is so poorly understood.

Apr 29 •

REIT Returns Over Time

One can learn a lot contemplating history.

Apr 23 •

A Simple Take on REIT Pricing

Unless 10-year Treasury rates go back to where they were in the 2010s, REIT multiples (and REIT stock prices) are unlikely to do so.

Jan 30 •

Pricing Changes in Earnings

This article shares some perspectives on earnings multiples in the face of present and future changes in earnings. It ends by highlighting one current…

Sep 17, 2024 •

REITs: You Can Do Better Than WACC

A lot of REITs talk about Weighted Average Cost of Capital, or WACC.

Jul 2, 2024 •

Profiting at Negative Spreads

It seems that the whole world sees a positive spread between cap rates and interest rates as required for a real-estate investment to make sense.

Jun 12, 2024 •

REITs: Structure of Growth

Humble pie has been on my plate a lot over the past five years.

Apr 17, 2024 •

#nojs-banner { position: fixed; bottom: 0; left: 0; padding: 16px 16px 16px 32px; width: 100%; box-sizing: border-box; background: red; color: white; font-family: -apple-system, "Segoe UI", Roboto, Helvetica, Arial, sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol"; font-size: 13px; line-height: 13px; } #nojs-banner a { color: inherit; text-decoration: underline; } This site requires JavaScript to run correctly. Please turn on JavaScript or unblock scripts