Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Dear James, Firstly, thanks for a great newsletter. In a very complex world your insights are always pleasantly concise. With 10 year bond yields hopefully nearing the top of this cycle what do MM think about REITS from an income perspective with some capital growth over a 2-3 year period? In particular CLW and CHC? Regards Charles
Hi Charles,
We don’t have any REIT’s in our Hitlist for the MM Active Income Portfolio given we already own Centuria (CNI) & Stockland (SGP) and we’ve bought both too early at this stage but as bond yields potentially reach their top for this cycle we do think there is deep value emerging in the sector for those with some patience.
With specific regard to CLW and CHC they both look interesting having corrected around 25% and 50% respectively. However as we discussed in Thursday and Fridays reports painful downtrends have been extending in 2022 and in both of these cases fresh recent lows wouldn’t surprise.
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