Analyst Articles

Many of you know I like talking about “the next big thing.” Rather than waste my time weighing in on where Facebook (NYSE: FB), Google (Nasdaq: GOOG) or Apple (Nasdaq: AAPL) is headed next, I’d much rather spend it looking for “the next Facebook,” “the next Google,” or “the next… Read More

If you’re a commercial real estate enthusiast, then you know the real estate investment trust (REIT) sector has been hot. Even with a simple index fund like Vanguard’s REIT Index ETF (NYSE: VNQ), you could’ve made nearly 23% annually on the sector during the past three years, including fund expenses.#-ad_banner-# Many individual REITS have done even better. General Growth Properties Inc. (NYSE: GGP), a large rental property… Read More

If you’re a commercial real estate enthusiast, then you know the real estate investment trust (REIT) sector has been hot. Even with a simple index fund like Vanguard’s REIT Index ETF (NYSE: VNQ), you could’ve made nearly 23% annually on the sector during the past three years, including fund expenses.#-ad_banner-# Many individual REITS have done even better. General Growth Properties Inc. (NYSE: GGP), a large rental property and shopping center owner, for instance, has delivered an astounding three-year annualized return of 64%. Extra Space Storage Inc. (NYSE: EXR), the nation’s second-largest owner and operator of storage facilities, has returned 51% a year for the past three years. That’s wonderful, and it’s exactly the sort of performance we all hope for. But it also means you should be extra careful about generally sky-high REIT valuations. The MSCI U.S. REIT Index, a commonly used proxy for the entire U.S. commercial real estate industry and the benchmark… Read More