In 2021, REITs produced one of the best calendar year total returns in history, clocking in at +43.1% through December 31 as measured by the MSCI US REIT Index (Bloomberg: RMZ). Once again, our forecast missed the actual return by more than 1,000 basis points (or bps). However, the top end of our forecast at […]
January 4, 2022
In December, the MSCI US REIT Index (RMZ) produced a total return of +8.7%. The Chilton REIT Composite outperformed the benchmark for the month by producing a total return of +9.9%, both gross and net of fees. In the fourth quarter, the Chilton REIT Composite underperformed the RMZ by producing a total return of +15.5% […]
January 1, 2022
In November, the MSCI US REIT Index (RMZ) produced a total return of -0.7%. The Chilton REIT Composite underperformed the benchmark for the month by producing a total return of -1.0%, both gross and net of fees. Year to date, the RMZ has produced a total return of +31.6%, which compares to the Chilton REIT […]
December 1, 2021
In November, we participated in the annual REIT World conference where we had the opportunity to speak with 31 REIT management teams. While we hope it will be the last 100% virtual conference sponsored by NAREIT, we did find it productive to speak to current portfolio companies as well as connect with several new companies […]
December 1, 2021
It has been exactly one year since we published ‘Essential REIT Evaluation: Retail’, and, looking back on the piece, one could describe it as overly cautious and concerned with the longer term impact of the pandemic on this sector. However, hindsight is 20/20, and we were working with much different information a year ago. Just […]
November 9, 2021
In October, the MSCI US REIT Index (RMZ) produced a total return of +7.7%. The Chilton REIT Composite underperformed the benchmark for the month by producing a total return of +6.2% net of fees and +6.3% gross of fees. Year to date, the RMZ has produced a total return of +32.5%, which compares to the […]
November 1, 2021
In September, the MSCI US REIT Index (RMZ) produced a total return of -5.5%. The Chilton REIT Composite underperformed the benchmark for the month by producing a total return of -6.1%, gross and net of fees. In the third quarter, the RMZ produced a total return of +1.0%, which compared to the Chilton REIT Composite […]
October 1, 2021
Picking up where it left off at the end of the second quarter, the S&P 500 continued hitting new record highs in the third quarter. Generally positive global vaccination and re-opening efforts, combined with sustained monetary and fiscal stimulus, offset the temporary economic headwinds from a spike in Delta variant COVID-19 cases. The S&P 500 […]
October 1, 2021
It has been two years since we introduced the Chilton Global Real Estate Strategy in the October 2019 Chilton REIT Outlook. We are proud that the initial concept of a three-pronged approach to alpha production has worked well, and we believe this process will be repeatable going forward. As of September 28, 2021, the Chilton […]
October 1, 2021
In September, the MSCI US REIT Index (RMZ) produced a total return of -5.5%. The Chilton REIT Composite underperformed the benchmark for the month by producing a total return of -6.1%, gross and net of fees. In the third quarter, the RMZ produced a total return of +1.0%, which compared to the Chilton REIT Composite […]
