In 2020, positive contributors to relative performance included an overweight to the cell tower and data center sectors, and stock selection in the residential sector. An underweight to the self storage sector, and stock selection in the office and diversified sectors detracted from relative performance.
Positive contributors to relative performance included underweight allocations to the self storage and data center sectors, as well as stock selection in the office sector. Underweight allocations to the shopping center and lodging sectors, as well as an overweight to the cell tower sector, detracted from relative performance.
In the December 2020 REIT Outlook titled, “Takeaways from REITWorld,” we present the findings of our 22 virtual meetings from the November REITWorld Conference. The broader themes of interest rates, valuations, and what a ‘post-COVID’ world would look like pervaded most meetings. However, given the diversity of exposure by REIT to certain geographies, property types, and tenants, there were plenty stock-specific takeaways from our meetings as well. In summary, the conference gave us confidence that the new real estate cycle is beginning, and that a vaccine will cure many of the sicknesses in the economy. We look forward to presenting our 2021 Chilton REIT Outlook next month, and wish all of our readers a happy and healthy holiday season.
Previous editions of the Chilton Capital REIT Outlook are available at www.chiltoncapital.com/category/library/reit-outlook/.
An investment cannot be made directly in an index. The funds consist of securities which vary significantly from those in the benchmark indexes listed above and performance calculation methods may not be entirely comparable. Accordingly, comparing results shown to those of such indexes may be of limited use.
The information contained herein should be considered to be current only as of the date indicated, and we do not undertake any obligation to update the information contained herein in light of later circumstances or events. This publication may contain forward looking statements and projections that are based on the current beliefs and assumptions of Chilton Capital Management and on information currently available that we believe to be reasonable, however, such statements necessarily involve risks, uncertainties and assumptions, and prospective investors may not put undue reliance on any of these statements. This communication is provided for informational purposes only and does not constitute an offer or a solicitation to buy, hold, or sell an interest in any Chilton investment or any other security.
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