For much of the last decade, pundits have been calling for the death of brick and mortar retail.  Rather than a supposed death knell, the last few years – marked by continued e-commerce growth, changing consumer behavior, and supply chain constraints – proved out the benefit of retailers offering customers multiple channels and highlighted the […]

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 […]

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% […]

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 […]

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% […]

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 […]

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 […]

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% […]

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 […]

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 […]