Dane Bowler

Summary REITs, including Vanguard REIT ETF (VNQ), have underperformed recently due to multiple compression and the impact of rising interest rates.

AGNC preferreds offer high yields (8.5%-9%) and are now among the lowest-risk mREIT preferreds due to a $12B equity cushion and robust cash flows.

Fermi stock is still overvalued despite an 80% drop—$3B cap vs $1.1B assets, no revenue, exec exits, and fierce competition. Read the latest analysis on the stock here.

Community Healthcare Trust appears attractive with an 11.15% yield and strong dividend history. Learn more about CHCT stock here.

Summary Brick-and-mortar retail REITs are fundamentally strong as E-commerce market share plateaus near 16.4%, with omnichannel strategies driving coexistence.

Summary Prologis demonstrates superior value creation versus Blackstone industrial funds, as evidenced by a recent $195.9 million portfolio sale to BX.

Summary Chimera Investment Corp. (CIM) Preferred A (CIM-A) offers a compelling 9.3% yield and 16% capital gains potential, driven by strong Q1 fundamentals.

Summary NextEra Energy is acquiring Dominion Energy in an all-stock deal, creating an unprecedented utility giant with significant growth prospects.

Summary Equity Residential will merge with AvalonBay in a stock-for-stock deal, forming the largest multifamily REIT.

Summary Pareto upgrades - swapping into strictly superior securities within the same issuer - can materially improve portfolio yield without increasing risk.