SPY - The REIT Paradox: Cheap REITs Stay Cheap
The REIT Paradox: A Factor Analysis
In this report, we take a deep dive to analyze the underlying factors that drove performance within the REIT sector over the past decade and extract the major lessons that can be learned. Even as REITs have permeated into the investing mainstream, many of the traditional "style factors" and stock-picking techniques that work in other equity sectors haven't worked in the REIT space, a conundrum that has puzzled analysts and investors.
(Hoya Capital, Co-Produced with Brad Thomas through iREIT on Alpha)
Last week, we analyzed the overall performance of