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Who Wants A Slice Of The Great American REIT Pie?

Jul. 04, 2021 7:00 AM ETHR, O, OHI48 Comments


  • REITs were formed around 60 years ago after President Dwight D. Eisenhower signed legislation that created a new approach to income-based investing alternatives.
  • As much as I love REITs, I must remind folks that you should never put all of your eggs in one basket.
  • Enjoy your REIT pie, regardless of how you slice it.
  • Looking for a portfolio of ideas like this one? Members of iREIT on Alpha get exclusive access to our model portfolio. Learn More »
Happy 4th of July Text Over Blue Lights Texture Background and American Flags
IrisImages/iStock via Getty Images

For my patriotic readers, don’t worry. This “Let REIT Freedom Ring!” title is meant as the furthest thing from disrespectful or exploitative.

I’m extremely grateful to be American. And I very much appreciate what and who have made it what it

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This article was written by

Brad Thomas profile picture

Brad Thomas has over 30 years of real estate investing experience and has acquired, developed, or brokered over $1B in commercial real estate transactions. He has been featured in Barron's, Bloomberg, Fox Business, and many other media outlets. He's the author of four books, including the latest, REITs For Dummies.

Brad, with his team of 10 analysts, runs the investing group iREIT® on Alpha, which covers REITs, BDCs, MLPs, Preferreds, and other income-oriented alternatives. The team of analysts has a combined 100+ years of experience and includes a former hedge fund manager, due diligence officer, portfolio manager, PhD, military veteran, and advisor to a former U.S. President. Learn more

Analyst’s Disclosure: I am/we are long O, OHI, HTA. 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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Comments (48)

Brad Thomas profile picture
Realty Income: The More It Drops, The More I Buy

Brad Thomas profile picture
3 Dividend Aristocrats I May Own Forever

Brad Thomas profile picture
The Ground Up: Preferred Stock Investing 101

Brad Thomas profile picture
The Ground Up: Omega Healthcare CEO, Taylor Pickett

Great article, have you seen VICI Properties?
Brad Thomas profile picture
@JorgeD Yes. And I plan to get to Vegas soon.... working on a Vegas article this week too...

Come visit us at iREIT on Alpha.... we just published our 3 blue chop buys:

From 1776 up to 2021, has been a Big American Pie .
A slice of that has been REIT ala mode of that Big American Pie .
For a Patriot perspective these REITs are the ice cream of income for American Investors.
Brad have a Happy Independence Day with a Big Slice of American Pie.
Brad Thomas profile picture

Thank you.... I'm very excited that my new book is being published in 2 weeks.... it's a dream come true to have the become dedicated to my friend and mentor, Ralph Block, with the Foreword by Mike Kirby and a testimonial from Sam Zell...

“The simple genius of public REITs is that they turn bricks and mortar into transparent and predictable liquid assets. Since they tend to pay high dividends, REITs can serve as a terrific addition to an investment portfolio. Thomas’ book helps break down this asset class for the average person, making REITs more understandable and therefore more accessible to everyone.” Sam Zell

All members of iREIT on Alpha will get a free copy!

Signup today!

All the best. Brad
lowRisklucy profile picture
This crowd seems to appreciate very stupid rhymes so here is one:

My O My the idea that iREIT will help you outperform is a lie
@lowRisklucy It's really sad to see articles like this one. Most replies to comments were sales pitches. I wonder if Mr. Thomas ever served in the military. I did 22 years and saw things that were dreadful that our country does to others.

Rather than do sales pitch articles based on patriotism, it would be better just to outline the company business and give pluses and minuses about holding the stock. Surely a brief mention of your book and the ad after the article should suffice. Instead we get incomplete information that acts as a "teaser" to sell advice and books. Serious concerns about stocks are minimized. Legitimate questions were asked but not addressed. The attempts at clever tags are not helpful at all to articles on REITs and businesses.
hfurgal profile picture
Great article. I am a long term subscriber to Forbes R.E. Investor. Suggestion---please add information about annual, average, dividend growth to your analyses.
Brad Thomas profile picture
@hfurgal Thank you for the suggestion.... Happy 4th! Brad
What’s your opinion on CMO. They seem to have gotten the business in order. Management is on point
Brad Thomas profile picture

I'm not a fan of mREITs, simply because of the volatility and leverage (which of course are correlated). I will try to add CMO to my research list... remember that I always provide members at iREIT on Alpha with "Fast Graph Outload Videos".... please come try the 2-week free trial and ask as many questions as you would like ;)

Happy 4th!
Thanks for the insights Brad. I have followed you for a number of years and have 2 of the 3 that you mention in this article. Looking forward to the book!

Happy 4th of July! Stay safe!
Brad Thomas profile picture
@jreid80up Thank you for the follow! I'm excited for the book release...and please feel free to reach out anytime.

Happy 4th!
Et20 profile picture
I own a number of REITs including HTA and MPW.
MOB's relative underperformance is puzzling
Brad Thomas profile picture
@Et20 I agree ... working on an MOB article this week for iREIT on Alpha members... come join and get a 2-week free trial (and a copy of my new book)... All the best!
@Et20 No puzzle in MOBs. They are basically offices despite high quality, specialized renters. In a low interest environment, MDs can build their own buildings. Medical groups and hospitals can lease strip mall space dirt cheap with good parking, foot traffic, and close proximity to patients. This is occurring more frequently. That being said, some more profitable medical specialists such as surgeons like to be close to hospitals which is where the big MOBs have property. Some MOBs have out patient surgery centers which are very profitable. The covid stigma is still a factor as well which depresses prices.

HTA and DOC were nice and cheap during covid which was the time to buy them. Those specialists were still working and paying rent through the big crisis but got looped into the nursing home REIT dive without good reason. GMRE was a bigger gamble since they go into smaller markets however might be better for growth, particularly since they are now internally managed. They offer reasonable dividends without huge risk. HTA is probably the most conservative. PEAK has wisely decided to focus on these areas but is pricey.

I follow and invest in these stocks.
@Brad Thomas I answered the guys question. Mr. Thomas did a sales pitch.
Happy Fourth of July Brad I really appreciate articles that you write I will credit you for making me money but you have steered me in good directions for me to do research and I have done well

21% Reit in the portfolio

You have special status and that you are my favorite author with two first names, or is it two last names?
Brad Thomas profile picture
@Overfished Thank you for your kind words.... I'm really excited with my new book - dropping on Barnes & Noble and Target in ~ 2 weeks: www.widemoatresearch.com/...

When you join iREIT on Alpha, you can also get a free copy!


Happy 4th and all the best!
Hope you and your family have a safe and happy 4th of July holiday weekend!
Brad Thomas profile picture
@Gyponolan Thank you! Happy 4th to you as well. All the best.
The late Yale endowment manager David Swenson (and also a well known author) long recommend a strong slice (20%) of real estate in a portfolio. You are in good company with your recommendation.
Brad Thomas profile picture
@7822751 Good to know. Come join us at iREIT on Alpha. Happy 4th. Thank you.
Thanks, and a big thumbs up to the author for another informative article
Brad Thomas profile picture
@Kemo-Sabe Thank you. My new book -The Intelligent REIT Investor Guide - hits bookshelves in 2 weeks. Get a free copy when you join iREIT on Alpha. We're growing like a weed.....
As a Finn, I enjoy my slice of the American REIT pie. :) Have a great 4th of July!
Brad Thomas profile picture
@JapeL Thank you for reading and make sure to check out iREIT on Alpha.... I'm sending all of our members a copy of my new book: www.widemoatresearch.com/... All the best - Brad
RoseNose profile picture
Happy Independence Day weekend and enjoy the 4th celebrations....
!!! Be happy, healthy and safe !!!
RoseNose profile picture
PS. Wish you would quit telling folks about how cheap some of these are...Long OHI and want more at the still rather cheap price $$$
Brad Thomas profile picture
@RoseNose Happy 4th!!! Thanks for reading and I wish you safe and healthy weekend --- All the best !
Brad Thomas profile picture
@RoseNose I'm interviewing OHI's CEO on Tuesday for iREIT on Alpha members.... and thank you for being one of them :)
Pepe's Place profile picture
Happy 4th Brad to you and your family.
And thanks for the great artticles.
Brad Thomas profile picture
@Pepe's Place Thank you 🇺🇸🇺🇸🇺🇸
Income4ever aka Cyclenut profile picture
Good stuff Brad
Enjoy the 4th x 2 today and tomorrow:))
Very long overweight O, WPC, RQI, VICI
Brad Thomas profile picture
@Income4ever aka Cyclenut As always, thank you for reading and commenting. Happy 4th......all the best!
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