- We highlight recent performance between the 'COVID' and 'Vaccine' REITs, looking for REITs that may have swung too far in one direction.
- The current junk rally is approaching historic proportions, overvaluing short-term 'reversion to the mean' REITs, while undervaluing long-term potential compounders of cash flow.
- Our investment philosophy focusing on Growth at a Reasonable Price (or GARP) can create short-term periods of underperformance during such junk rallies.
- We remain steadfast in our fundamental analysis, and continue to manage the portfolio looking for companies that fit our criteria.
For further details see:
Rotation Creates Long-Term REIT Buying Opportunity