iREIT Daily

Global Finance Leaders Get Lost at G20

Brad Thomas

467 postsApril 21, 2022

As Russia’s reckless war crimes intensify, the world watches with the awe and exasperation you’d expect from civilized societies. In the last few months, we’ve stood strong as our economies were impacted by the intense sanctions meant to mitigate the mayhem levied by Russia. We’ve seen gas price increases, inflation, and other ancillary economic effects as the war in Ukraine rages on.

Yesterday, at the G20 intergovernmental economic forum, fearless financial leaders from around the globe walked out to protest the presence of Russia.

From CNN:

Finance ministers from multiple nations walked out of a closed-door G20 session in Washington on Wednesday when the Russian delegate began his prepared remarks, a show of protest against Moscow for its invasion of Ukraine.
U.S. Treasury Secretary Janet Yellen participated in the walkout, as did European and other Western officials who were participating in the meeting.
Canada’s finance minister Chrystia Freeland wrote on Twitter, “The world’s democracies will not stand idly by in the face of continued Russian aggression and war crimes.” She tweeted a photo of officials who left [the] meeting, including Yellen, US Federal Reserve Chairman Jerome Powell and European Central Bank President Christine Lagarde.

So it appears that even after the investment bans, oil sanctions, enterprise pauses, and vodka boycotts, our last piece of ammo is a good old-fashioned protest. Of course, it wasn’t enough to eject the global aggressor from the G20 gallery.

Sadly, eliminating Moscow would require support from all members of the summit, which is kind of unlikely since, well, China. However, it is nice to see the good intentions of our global economic elite on full display.

Did it have any impact on Wall Street? Well, the Dow closed about 250 points higher and the S&P dipped 0.062%, so not really. At the end of the day, I suppose it was more of a photo op than anything else, but I guess it’s good to know we remain on the right side of history.

More Non-REIT News to Know About

Apollo Global Jumps on the Twitter Train

After Elon put up his $43 billion pitch, it appears the world’s largest speech platform is in play. Apollo Global Management Inc., an American global alternative investment management firm, seems to be considering placing a bid for Twitter, as reported by those close to the company.

Apollo currently enjoys a fabled status as one of the globe’s most feared takeover firms, having already purchased organizations like Yahoo!, ADT Security, Redbox, and more.

With about $500 billion in its portfolio and a penchant for purchasing a wide array of companies, taking aim at Twitter is nothing shocking for this next-level investment firm.

It usually invests across a company’s capital structure, providing preferred equity or debt, in addition to seizing straightforward buyouts.

In terms of Twitter, there’s no telling what’s to come. But a strategic acquisition by such an accredited company could put more heat on Elon’s endeavor.

The World According to REITs

In chapter 11 of my book, The Intelligent REIT Investor Guide, I go into what it takes to be a blue-hip pick in the REIT world. Proven management, good corporate governance, and strong balance sheets are some of the main considerations when looking for a healthy bottom line in the blue-hip realm. Below, I went ahead and assessed a couple of this year’s REITs that meet these criteria.

Digital Realty Trust (DLR)

Digital Realty Trust is a REIT that obtains, grows, and manages data centers. With a global presence in 50 metro areas to support over 178,000 cross-connects, this massive trust is making waves in the REIT world.

The company’s bookings hit an all-time peak of $156 million in Q4 2021, giving it a super promising 2022. Bookings from these types of properties seldom exceeded $50 million—until 2017, which underscores the wide shift from on-premises servers to data centers in recent years. Data from top research firm Gartner indicates global spending on data center systems will increase more than 11% in 2022 to $226 billion, which should continue advancing companies like Digital Realty.

Does this, make them a blue chip for 2022? Well, I definitely wouldn’t bet against it.

Stag Industrial (STAG)

Stag Industrial is a REIT focused on the acquisition and operation of industrial properties throughout the United States. This is a perfect investment to expose your portfolio to this growing segment. It obtains and rents industrial properties but focuses on ecommerce-related properties, which make up about 40% of its portfolio.

Its top brass believes ecommerce penetration could grow to 30% by the end of the decade, which could mean a need for increased warehouse space and distribution centers, much like the properties Stag Industrial acquires.

STAG grew its FFO, the cash profits that REITs report, by 19% year-over-year in 2021. Industry reports also indicated that industrial space finished the year with huge demand.

Think about how much you buy online—from clothes to books, even groceries. With more and more warehouse space needed to house these products, STAG looks like an investment worth checking out.

Happy Investing

Brad Thomas

467 posts

View all my Posts

Brad Thomas is Senior Research Analyst at iREIT and CEO of Wide Moat Research LLC. With over 30 years of real estate experience, he is also long-time Editor of Forbes Real Estate Investor, a monthly subscription-based newsletter that dives deep into the vast world of profitable properties, and since 2021, he has served as an adjunct professor at New York University.

Thomas has also been featured on or in Forbes magazine, Kiplinger's, U.S. News and World Report, Money, NPR, Institutional Investor, GlobeStreet, CNN, Newsmax, and Fox. And he was the #1 contributing analyst on Seeking Alpha in 2014, 2015, 2016, 2017, 2018, 2019, 2020 and 2021 based on both page views and number of followers.

Thomas is the recently-published author of The Intelligent REIT Investor Guide (2021), co-author of The Intelligent REIT Investor (2016), and he wrote The Trump Factor: Unlocking The Secrets Behind The Trump Empire (2016) - all available on Amazon.

Thomas received a bachelor of science in business/economics from Presbyterian College and is married with five wonderful kids.

Have We Finally Hit Peak Inflation?

REIT Mutual Fund	Symbol
Alpine Realty Income and Growth Fund	AIGYX, AIAGX
American Century Real Estate Fund	REAIX, REACX, AREEX, AREWX, ARYCX, AREDX
Real Estate Securities Fund	MRESX
AR Capital Real Estate Income Fund	ARIAX, ARICX, ARIPX
AssetMark Real Estate Securities Fund	AFREX
Aston/Harrison Street Real Estate Fund	AARIX, ARFCX
Baron Real Estate Fund	BREIX, BREFX
BlackRock Real Estate Securities	BIREX, BAREX, BCREX
Brookfield U.S. Listed Real Estate Fund	BRUAX, BRUCX, BRUIX, BRUYX
CGM Realty Fund	CGMRX
West Loop Realty Fund	REIIX, REIAX, REICX
Cohen & Steers Institutional Realty Shares	CSRIX
Cohen & Steers Realty Income Fund	CSEIX, CSDIX, CSBIX, CSCIX
Cohen & Steers Realty Shares	CSRSX
Columbia Real Estate Equity Fund	CREAX, CREIX, CRRVX, CRERX, CREEX, CRRFX, CREWX, CRECX, CREBX
Compass EMP REC Enhanced Volatility Weighted Fund	CWRAX, CWRIX, CWRTX, CWRCX
Davis Real Estate Fund	RPFRX, DREYX, DRECX, DREBX
Delaware Real Estate Investment Trust Portfolio II	DPRTX, DPRBX
Delaware Real Estate Investment Trust Portfolio	DPREX, DPRSX, DPRRX, DPRCX
DFA Real Estate Securities Portfolio	DFREX
Dunham Real Estate Stock Fund	DAREX, DNREX, DCREX
DWS RREEF Real Estate Securities Fund	RRRRX, RRREX, RRRAX, RRRSX, RRRBX, RRRCX
DWS RREEF Real Estate Securities Income Fund	REFAX, REFCX, REFIX, REFSX
Eaton Vance Real Estate Fund	EAREX, EIREX
EII Realty Securities Fund	EIIRX
Fidelity Advisor Real Estate Fund	FHEIX, FHEAX, FHETX, FHECX, FHEBX
Fidelity Advisor Real Estate Income Fund	FRIRX, FRIQX, FRINX, FRIOX
Fidelity Real Estate Income Fund	FRIFX
Fidelity Real Estate Investment Portfolio	FRESX
Fidelity Spartan Real Estate Index Fund	FSRNX, FRXIX, FSRVX
Fidelity Series Real Estate Equity Fund	FREDX, FREFX
Fidelity Series Real Estate Income Fund	FSREX, FSRWX
Forward Real Estate Long/Short Fund	KSRYX, FRLSX, FFSRX, KSRAX, KSRCX, KSRBX
Forward Real Estate Fund	FPREX, FFREX, KREAX, KRECX
Forward Select Income Fund	KIFYX, FSIMX, FFSLX, KIFAX, KIFBX, KIFCX
Franklin Real Estate Securities Fund	FREEX, FRLAX, FRRSX, FSERX
GMO Real Estate Fund	GMORX
Goldman Sachs Real Estate Securities Fund	GREIX, GRETX, GREAX, GRESX, GRERX, GREBX, GRECX
Great-West Real Estate Fund	MXREX
Heitman REIT Fund	OARTX, OBRTX
ING Real Estate Fund	CRARX, IREWX, IDROX, CLARX, CRWRX, CRCRX, CRBCX
INVESCO Real Estate Fund	REINX, IARFX, IARIX, IARYX, IARAX, IARRX, IARCX, AARBX
Ivy Real Estate Securities Fund	IRSAX, IREIX, IRSYX, IRSRX, IREEX, IRSCX, IRSBX
John Hancock Real Estate Securities Fund	JIREX
Johnson Realty Fund	JRLTX
J.P.Morgan Realty Income Fund	URTLX, JRIRX, URTAX, URTBX, URTCX
J.P. Morgan Security Capital U.S. Core Real Estate Securities Fund	CEEAX, CEERX, CEEFX, CEESX, CEECX
J.P. Morgan U.S. Real Estate Fund	SUSIX
Lazard U.S. Realty Equity Portfolio	LREIX, LREOX
Lazard U.S. Realty Income Portfolio	LRIIX, LRIOX
Manning & Napier Real Estate Series	MNRIX, MNREX
Morgan Stanley Institutional U.S. Real Estate Portfolio	MSUSX, MUSDX, MSULX, MURSX
Natixis AEW Real Estate Fund	NRFAX, NRFYX, NRFBX, NRFCX, NRFNX
Neuberger Berman Real Estate Fund	NBRIX, NBRFX, NREAX, NRERX, NRECX, NRREX
Nuveen Real Estate Securities Fund	FREAX, FARCX, FRSSX, FREBX, FRLCX, FREGX
Oppenheimer Real Estate Fund	OREAX, OREIX, OREYX, ORENX, OREBX, ORECX
PHOCAS Real Estate Fund	PHREX
PIMCO RealEstateRealReturn Strategy Fund	PRRSX, PETPX, PETAX, PETDX, PETCX, PETBX
Pioneer Real Estate Shares	PWREX, PYREX, PCREX, PBREX
Principal Real Estate Securities Fund	PIREX, PIRPX, PREPX, PRETX, PREJX, PRRAX, PRERX, PRENX, PRAEX, PRCEX, PRLEX
ProFunds Real Estate UltraSector ProFund	REPIX
Prudential Select Real Estate Fund	SREAX
Prudential U.S. Real Estate Fund	PJEAX, PJEZX, PJECX, PJEBX
REMS Real Estate Income 50/50 Portfolio	RREIX
REMS Real Estate Value-Opportunity Fund	HLRRX, HLPPX
Rydex Real Estate Fund	RYREX, RYHRX, RYCRX
SA Real Estate Securities Fund	SAREX
SEI Institutional Mgd Real Estate Fund	SETAX, SEIRX
Spirit of America Real Estate Income & Growth Fund	SOAAX
SSgA Clarion Real Estate Fund	SSREX
Stratton Real Estate Fund	STMDX
T.Rowe Price Real Estate Fund	TRREX, PAREX
TIAA-CREF Real Estate Securities Fund	TIREX, TRRPX, TRRSX, TCREX
Vanguard REIT Index Fund	VGSNX, VGRSX, VGSLX, VGSIX
Virtus Real Estate Securities Fund	PHRAX, PHRIX, PHRCX, PHRBX

REIT ETF	Symbol
Flex Shares	ASET
Wisdom Tree Global Ex-US	DRW
S&P 500 Equal Weight	EWRE
iShares FTSE Industrial/Office	FNIO
MSCI Real Estate Index	FREL
S&P REIT Index	FRI
First Trust S&P REIT	FRI
iShares Real Estate 50	FTY
Flexshares Global	GQRE
iShares Cohen & Streers	ICF
iShares International Developed RE	IFGL
iShares US RE	IYR
Premium Yield Equity REIT	KBWY
ETRACS Monthly Pay 2x Leverage	MORL
Market Vector Mortgage	MORT
iShares Global REIT	REET
iShares FTSE Mortgage	REM
iShares Residential	REZ
IQ US Real Estate Small Cap	ROOF
iShares FTSE NAREIT Retail	RTL
DOW Jones Global RE	RWO
SPDR Dow Jones	RWR
Schwab US REIT	SCHH
Super Dividend REIT	SRET
ProShares Ultra RE	URE
Vanguard REIT	VNQ
Vanguard Global ex-US	VNQI
iShares International Developed	WPS
Wilshire US REIT	WREI
Pacer Benchmark Data & Infrastructure RE	SRVR
Pacer Benchmark Industrial RE	INDS
Pacer Benchmark Retail RE	RTL
Hoya Capital Housing	HOMZ
NetLease Corporate RE	NETL

REIT Name	Ticker	Annual Increases/yr
Federal Realty	FRT	51
Universal Health Realty	UHT	33
National Retail Properties	NNN	29
Realty Income	O	27
Tanger Outlets	SKT	26
Urstadt Biddle	UBA	25
Essex Property Trust	ESS	25
W.P.Carey	WPC	22
National Health Investors	NHI	17
Equity Lifestyle	ELS	15
Digital Realty	DLR	15

Global Finance Leaders Get Lost at G20

Brad Thomas

467 postsApril 21, 2022

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Global Finance Leaders Get Lost at G20

467 postsApril 21, 2022

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