A resilient, forward looking market rounded out 2020 with a third consecutive quarter of impressive gains. The S&P 500 index added 12.1% in the quarter, closing at an all-time high of 3,756 on December 31st, and registering a surprisingly strong 18.4% total return for the year. Top performing sectors in 2020 were Information Technology, Consumer […]

Portfolio Insights

January 15, 2021

Portfolio Insight | 4th Quarter 2020

While forecasting has historically been a sport where the winners were ‘more lucky than good’, 2020 was a doozy for even the most contrarian predictions due to the COVID pandemic. Looking back to the Chilton 2020 REIT Forecast, there wasn’t much we got right, though the top overweights (cell towers, data centers, residential) did help […]

REIT Outlook

January 5, 2021

The 2021 Chilton REIT Forecast | January 2021

In December, the MSCI US REIT Index (RMZ) produced a total return of +3.4%. The Chilton REIT Composite underperformed the benchmark for the month by producing a total return of +1.7%, both net and gross of fees. In the fourth quarter, the RMZ produced a total return of +11.5%, which compares to the Chilton REIT […]

REIT Commentary

January 1, 2021

REIT Commentary | December 2020

In November, the MSCI US REIT Index (RMZ) produced a total return of +10.8%. The Chilton REIT Composite underperformed the benchmark for the month by producing a total return of +6.4%, both net and gross of fees. Year to date, the RMZ has produced a total return of -10.6%, which compares to the Chilton REIT […]

REIT Commentary

December 17, 2020

REIT Commentary | November 2020

The Chilton REIT Team participated in the recent virtual NAREIT where we had one on one meetings with multiple management teams in several property sectors. Herein, we discuss our takeaways on how a medical solution to COVID is impacting commercial real estate overall, and then we drill down to assess the impact on the REITs […]

REIT Outlook

December 1, 2020

Takeaways from REITWorld | December 2020

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 […]

Media

November 6, 2020

Public Real Estate – Enhance Portfolio Return and Lower Risk

It has been 16 months since we dedicated a REIT outlook to retail, which is evidence of the massive uncertainty surrounding the future of brick and mortar stores. Even before COVID, the shift to online purchasing was growing at more than four times the rate of in-store purchases. In the face of e-commerce growth, we […]

REIT Outlook

November 3, 2020

Essential REIT Evaluation: Retail | November 2020

Supported by a continued global economic recovery, the market tacked on more gains in the third quarter. The S&P 500 index returned 8.5% (8.9% with dividends) to bring its year-to-date total return to 5.6%. This follows a significant (>50%) move higher from March lows. As a matter of fact, the index hit a new all-time […]

Portfolio Insights

October 12, 2020

Portfolio Insight | 3rd Quarter 2020

The essentialness of self storage has been in doubt many times in the past due to its lack of institutional owners and widespread professional management. However, it’s stability in the Global Financial Crisis (or GFC) cemented its status as a defensive property type that can protect revenue losses in a recession, in spite of the […]

REIT Outlook

October 2, 2020

Essential REIT Evaluation: Self Storage | October 2020

In August, the MSCI US REIT Index (RMZ) produced a total return of +0.8%. The Chilton REIT Composite underperformed the benchmark for the month by producing a total return of -1.1% both net and gross of fees. Year to date, the RMZ has produced a total return of -14.4%, which compares to the Chilton REIT Composite at -5.7% […]

REIT Commentary

September 15, 2020

REIT Commentary | August 2020

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