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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]