This is set up for those wanting to chat about Real Estate Investment Trusts (REITs).
Try to keep this chat line open for REIT discussions–only rule is to leave politics aside.
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5/19/2025
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REITs have popped back up on my radar screen amidst the on-off tariff threats and economic uncertainty. I tend to favor smaller and out of favor investments. A trio of smaller REITs from – gasp – The Other Website that are -gasp – not either O, VICI, WPC or ADC. Net lease. All have pro’s and con, some more obvious than others (DEA).
DEA Easterly Government Properties, Inc.
YTD – down 28%
Yield – 8.5%
BNL Broadstone Net Lease, Inc.
YTD – up 1.1%
Yield – 7.2%
PINE Alpine Income Property Trust, Inc.
YTD – down 9.4%
Yield – 7.4%
Current investing hypothesis: what I think the government is pushing for:
Gas $2.00. 10-year Treasury 4.00%
Adjusting portfolio accordingly. “The train to Grinder Switch is running right on time.” JMO. DYODD
WP Carey WPC is starting a 1.2B stock offering, apparently an ATM program to fund acquisitions. WPC is up 15.8% YTD. It yields about 5.8%. WPC, once touted as a Sleep Well At Night stock for its dividend record was/is a popular pump over at The Other Website. It became controversial in 2023 after an unexpected dividend cut and a spin-off surprised investors. Carey continues to get glowing reviews at TOWS. Also, a glowing review from Zachs on April 15, 2025. JMO. DYODD.
I bought a little WPC after the dump in 2023 and haven’t sold it yet. If I think a dividend company/reit can pay 9-11% cagr between share appreciation and dividends over some period of time (10 years?) after right sizing their dividend, and has some basic function that is understandable to me, it seems like it can have a spot in the portfolio. It’s sort of how I feel about ADM, DOW, MRK (maybe WHR eventually…maybe IFF), etc. I know that’s not a great way of thinking about opportunity cost, but just seems sensible, like investing in common shares of utilities.
YieldMax has a new options income REIT, RNTY YieldMax Target 12 Real Estate Option Income ETF. Its target yield is 12%. “Top holdings at launch include Texas Pacific Land Corp, Digital Realty Trust Inc., and Prologis Inc.” – ETF Trends. RNTY is two weeks old. I found it on a new ETF list.
Investment sentiment. Caveat Emptor. Option income strategy ETFs have a lot of risks. Understand what you are buying and how it performs in different markets. Don’t say I didn’t warn you. JMO. DYODD.
https://www.yieldmaxetfs.com/wp-content/uploads/2025/04/rnty-497k_012725_web-ready.pdf
Regarding ‘Yield Max’ shares – just be careful that your INCOME from the high yield products is more than your capital LOSSES. and remember income is taxable but losses are capped for Federal taxes.