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You Are Right Because Your Data And Reasoning Are Right

Mar. 02, 2018 6:45 AM ETAMT, AVB, DLR, NAV, O, SPG, VNQ, VTR104 Comments


  • When the economy is improving and real estate fundamentals are strong, yield-driven corrections have historically been a time to consider adding an allocation to REITs.
  • "While we cannot say when REITs will reverse their recent underperformance, we see this as an attractive opportunity to begin legging into higher REIT allocations." Cohen & Steers.
  • In order to take advantage of market declines to buy low, you need a strategy that takes the emotion out of the decision-making process.

When my co-author and I were thinking about a title for my REIT book, I knew right away that I wanted to call it “The Intelligent REIT Investor.” Like many value investors, I was inspired by Benjamin Graham’s book, The Intelligent Investor, that has become the bedrock for my REIT investing strategies. In fact, much of Graham’s reasoning has become part of my DNA, as Graham explained:

“The more the investor depends on his portfolio and the income therefrom, the more necessary it is for him to guard against the unexpected and the disconcerting in this part of his life.”

REITs are wonderful vehicles, especially for those relaying on monthly dividend income. While February was a brutal month for REITs, the Vanguard REIT ETF (VNQ) was down over 8%, it’s important to recognize the reason you own REITs and the opportunities that exist today. Graham said:

“Price fluctuations have only one significant meaning for the true investor. They provide him with an opportunity to buy wisely when prices fall sharply and to sell wisely when they advance a great deal. At other times he will do better if he forgets about the stock market and pays attention to his dividend returns and to the operating results of his companies.”

That is precisely what I am doing.

Over the last few weeks, I have read over dozens of earnings transcripts and I have been able to form an opinion as to the state of the REIT market. One good thing about my broad coverage universe is that I am equipped to analyze a variety of property sectors hoping to dissect “nuggets of wisdom” that could help gain an edge.

Yesterday I published the March edition of the Forbes Real Estate Investor and I explained to my subscribers:

“While the market is

We have published (exclusively for Marketplace subscribers) the all-new KISS REIT portfolio, including our recommendations and highly sought-after Rhino REIT Ratings. In addition, we have all portfolios updated in real-time and other leading REIT metrics.

REITs should be part of your daily diet and we would like to help you construct an Intelligent REIT portfolio, utilizing our portfolio modeling strategies.

The Intelligent REIT Investor is the #1 REIT Research site on Seeking Alpha. Brad Thomas and Rubicon Associates have a combined 40 years of investing experience. We publish exclusive research content on over 100 REITs, and our Durable Income Portfolio has returned over 12% YTD. We recently announced that the Small Cap REIT Portfolio has returned over 20% YTD.

Our service includes weekly property sector updates and weekly Buy/Sell picks. We provide most all research to marketplace subscribers and we also provide a “weekender” report and a “motivational Monday” report. We stream relevant real-time REIT news so that you can stay informed.

There is absolutely no reason to chase yield; let us do all of the heavy-lifting so you can "sleep well at night." Subscribe here.

This article was written by

Brad Thomas profile picture
Leader of iREIT on Alpha
The #1 Service For Safe and Reliable REIT Income

Brad Thomas is the CEO of Wide Moat Research ("WMR"), a subscription-based publisher of financial information, serving over 100,000 investors around the world. WMR has a team of experienced multi-disciplined analysts covering all dividend categories, including REITs, MLPs, BDCs, and traditional C-Corps.

The WMR brands include: (1) iREIT on Alpha (Seeking Alpha), and (2) The Dividend Kings (Seeking Alpha), and (3) Wide Moat Research. He is also the editor of The Forbes Real Estate Investor

Thomas has also been featured in Barron's, Forbes Magazine, Kiplinger’s, US News & World Report, Money, NPR, Institutional Investor, GlobeStreet, CNN, Newsmax, and Fox. 

He is the #1 contributing analyst on Seeking Alpha in 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, and 2022 (based on page views) and has over 108,000 followers (on Seeking Alpha). Thomas is also the author of The Intelligent REIT Investor Guide (Wiley) and is writing a new book, REITs For Dummies. 

Thomas received a Bachelor of Science degree in Business/Economics from Presbyterian College and he is married with 5 wonderful kids. He has over 30 years of real estate investing experience and is one of the most prolific writers on Seeking Alpha. To learn more about Brad visit HERE.

Analyst’s Disclosure: I am/we are long ACC, AHP, APTS, ARI, BRX, BXMT, CCI, CHCT, CIO, CLDT, CONE, CORR, CUBE, DDR, DEA, DLR, DOC, EPR, EXR, FPI, FRT, GEO, GMRE, GPT, HASI, HTA, INN, IRET, IRM, JCAP, KIM, LADR, LAND, LMRK, LTC, MNR, NXRT, O, OFC, OHI, OUT, PEB, PEI, PK, PSB, QTS, REG, RHP, ROIC, SBRA, SKT, SPG, STAG, STOR, TCO, UBA, UMH, UNIT, VER, VTR, WPC. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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