REML - REML: 17% Current Yield And Less Exposure Tapering Than Some Think

• The prospects of a Federal Reserve taper may not be as harmful to mREITs as some think.
• With a current yield of 17%, REML is attractive for those who prioritize very high current yields.
• The Biden Budget proposals will not significantly reduce the enormous imbalance between the amount of investible funds and the opportunities to deploy those funds.
• Barring an unforeseen event, Federal Reserve tightening will be extremely gradual.
• The existence of more than $1 trillion in the Federal Reserve’s reverse repurchase facility could also mitigate the effects of any actual tapering, on a flow-of-funds basis.

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