Picking up where it left off at the end of the second quarter, the S&P 500 continued hitting new record highs in the third quarter.  Generally positive global vaccination and re-opening efforts, combined with sustained monetary and fiscal stimulus, offset the temporary economic headwinds from a spike in Delta variant COVID-19 cases.  The S&P 500 […]

It has been two years since we introduced the Chilton Global Real Estate Strategy in the October 2019 Chilton REIT Outlook.  We are proud that the initial concept of a three-pronged approach to alpha production has worked well, and we believe this process will be repeatable going forward.  As of September 28, 2021, the Chilton […]

In September, the MSCI US REIT Index (RMZ) produced a total return of -5.5%. The Chilton REIT Composite underperformed the benchmark for the month by producing a total return of -6.1%, gross and net of fees. In the third quarter, the RMZ produced a total return of +1.0%, which compared to the Chilton REIT Composite […]

Healthcare has been squarely in the spotlight since the beginning of the COVID pandemic in February 2020, and rightly so.  While the world may have yet to agree upon an answer for how to properly address or prevent a pandemic, the past 18 months have solidified healthcare as an essential sector of the economy, as […]

In July, the MSCI US REIT Index (RMZ) produced a total return of +4.9%. The Chilton REIT Composite outperformed the benchmark for the month by producing a total return of +5.6% net of fees and +5.7% gross of fees. Year to date, the RMZ has produced a total return of +27.7%, which compares to the […]

As of July 31, 2021, the MSCI REIT Index has produced a year-to-date total return of +27.7%, which compares to our 2021 forecast of +13% to +19%.  While the actual return exceeds our expectations, we also believe this is not the time to reduce exposure to publicly traded equity REITs.  Since our initial forecast was […]

Fueled by rapidly dropping global COVID-19 cases and continued monetary and fiscal stimulus, equity markets continued to hit new record highs, with little volatility, in the second quarter.  Economic growth accelerated and the S&P 500 outpaced Q1’s solid return by gaining 8.5% to bring its year-to-date gain to 15.2%. The top performing sectors in the […]

The statements made in this video are the personal opinions of Matt Werner, and do not necessarily reflect the views of Chilton Capital Management, LLC. 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 […]

The statements made in this video are the personal opinions of Matt Werner, and do not necessarily reflect the views of Chilton Capital Management, LLC. 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 […]

As we wrote in March 2021, we believed the rotation from growth to value (or COVID to Vaccine) REITs had created a buying opportunity for high quality companies with long term growth potential, such as cell tower REITs.  For example, from November 6, 2020 to March 1, 2021, the average performance for the lodging, regional […]