Unlike most REIT sectors that refer to the real estate’s use or property type, the net lease subsector is the only one that refers to a specific lease structure, which can be used in multiple property types. In a net lease structure, the responsibility to pay certain expenses is shifted from the landlord to the […]

In May, the MSCI US REIT Index (RMZ) produced a total return of +0.9%. The Chilton REIT Composite performed inline with the benchmark for the month by producing a total return of +0.8% net of fees and +0.9% gross of fees. Year to date, the RMZ has produced a total return of +18.6%, which compares […]

Inflation refers to an economic scenario in which the price of a basket of goods increases, which means the currency is worth less than it was previously.  Economic studies have determined that some inflation is necessary to encourage investment, spending, and borrowing. The alternative scenario, called ‘deflation’, is just the opposite; cash and fixed income […]

In April, the MSCI US REIT Index (RMZ) produced a total return of +8.1%. The Chilton REIT Composite performed inline with the benchmark for the month by producing a total return of +7.9% net of fees and +8.1% gross of fees. Year to date, the RMZ has produced a total return of +17.5%, which compares […]

In Loving Memory of R. Randall Grace, Jr. (1971-2021) The Chilton Investment team is shocked and deeply saddened by the sudden passing of our friend and colleague, Randall Grace. Randall was an incredibly talented and hard-working teammate who contributed immensely to the success of the G&I team and Chilton as a whole. We will miss […]

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 […]

In what we hope was the last virtual Citi REIT CEO Conference, we met with 16 REIT management teams directly and participated in approximately another 20 virtual meetings to discuss the current business fundamentals and what the post-COVID world may look like. In general, the tone at the conference was extremely positive, even for some […]

In March, the MSCI US REIT Index (RMZ) produced a total return of +4.4%. The Chilton REIT Composite outperformed the benchmark for the month by producing a total return of +6.1%, both net and gross of fees. Year to date, the RMZ has produced a total return of +8.8%, which compares to the Chilton REIT […]

As we mentioned in the 2021 Chilton REIT Forecast, the rotation from the ‘COVID’ REITs (i.e. Cell Towers, Data Centers, Industrial) to the ‘Vaccine’ REITs (i.e. Regional Malls, Shopping Centers, Coastal Apartments, Lodging, Coastal Office) after the November 9 Pfizer announcement has been nothing short of extraordinary. While the increase in price over the past […]

After a 40 year decline in interest rates to record lows, both for corporate and government bonds, fixed income investors can pop the champagne and celebrate the gains and income they have received. Coupled with the strong S&P 500 performance in the past few years, traditional 60% equity / 40% fixed income (or ‘60/40’) portfolios […]