4 Comments
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Phaetrix's avatar

REITs didn’t “change”—

the rate expectation did.

If yields stay high, the valuation gap isn’t opportunity—

it’s pressure that hasn’t finished working through yet.

From Data To Freedom's avatar

so... opportunity to buy?

Mike Thornton | The Multiplier's avatar

The irony with the oil-to-inflation chain is that most of these triple-net REITs have CPI-linked rent escalators baked into their leases, so the same inflation that's keeping rates elevated and compressing the multiple is also growing the actual cash flow underneath it.. which just makes the valuation gap wider

Eric Messenger's avatar

IBKR lets you buy stocks globally? Fidelity charges $50 to buy foreign shares, is it similar at Interactive Brokers?