Stubbornly high inflation and a Federal Reserve belatedly determined to bring it down, even if it causes a recession, pushed markets lower for the third quarter in a row.  The bear market continued, with the S&P 500 returning -4.9% in the third quarter to bring its YTD loss to -23.9%. The top performing sectors in […]

Portfolio Insights

October 17, 2022

Portfolio Insight   |   3rd Quarter 2022

In September, the MSCI US REIT Index (RMZ) produced a total return of -12.1%. The Chilton REIT Composite underperformed the benchmark for the month by producing a total return of -12.5%, both gross and net of fees. In the third quarter, the Chilton REIT Composite underperformed the benchmark by producing a total return of -11.0% […]

REIT Commentary

October 1, 2022

REIT Commentary | September 2022

The hottest topic of 2022 that everyone can relate to or has had their own personal experience with has undoubtedly been inflation.  In August 2022, inflation prices were 8.3% higher compared to a year before according to the Consumer Price Index report.  While slower than the prior month when inflation climbed 8.5%, it’s still uncomfortably […]

REIT Outlook

October 1, 2022

Residential REITs: The Property Type You Can Actually Afford | October 2022

In August, the MSCI US REIT Index (RMZ) produced a total return of -6.0%. The Chilton REIT Composite outperformed the benchmark for the month by producing a total return of -5.7%, both gross and net of fees. Year to date, the Chilton REIT Composite has outperformed the RMZ by producing a total return of -15.9% […]

REIT Commentary

September 1, 2022

REIT Commentary | August 2022

Over the past 40 years, due in part to actions by the Federal Reserve, Americans have become more and more obsessed with yield.  Highlighted in Figure 1, after peaking at 15.8% in September 1981, the US 10 yr Treasury yield bottomed at 0.5% in August 2020.  As intended, the lower ‘risk-free rate’ increased demand for […]

REIT Outlook

September 1, 2022

All Yield is Not Created Equal | September 2022

Reviewing your financial plan during times of market volatility may often bring clarity and peace of mind. While the market may be uncomfortable to watch, many clients find that reviewing their financial plan ensures them that they are still on the path to financial success. At Chilton we begin this process by inviting individuals to […]

Chilton Briefs

August 17, 2022

Financial Planning Cycle

In July, the MSCI US REIT Index (RMZ) produced a total return of +9.0%.  The Chilton REIT Composite underperformed the benchmark for the month by producing a total return of +7.9% gross of fees and +7.7% net of fees.  Year to date, the Chilton REIT Composite has outperformed the RMZ by producing a total return of -10.8% […]

REIT Commentary

August 1, 2022

REIT Commentary | July 2022

The dominant force in the markets this year has been uncertainty.  Uncertainty around interest rates, inflation, and a myriad of other factors have driven investors into overdrive to figure out the playbook for changing times.  REITs have not been spared from the market turbulence, but we see the long term value proposition for REITs at […]

REIT Outlook

August 1, 2022

Today’s Equity REITs:  Dividend Raises in Economic Uncertainty | August 2022

Many of you are probably wondering the same thing – what’s been going on with mortgage rates and where are they headed? With inflation intensifying, the average rate on a 30-year mortgage has jumped from 2.78% in July 2021 to the more recent 5.54% as of July 21, 2022, according to Freddie Mac. To grasp […]

Chilton Briefs

July 28, 2022

Mortgage Rates – What’s Going On?

Sustained inflation and supply chain pressures exacerbated by the ongoing war in Ukraine, a fresh set of COVID lockdowns in China, and an aggressive interest rate hiking cycle from the Federal Reserve caused equity markets to plummet in the second quarter.  The S&P 500 officially entered bear market territory in June, closing 2Q with a […]

Portfolio Insights

July 15, 2022

Portfolio Insight | 2nd Quarter 2022

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