Artis Real Estate Investment Pref Shs Series E T.AX.PR.E

RE:REIT EARNINGS START

[Reece1986b]

I don't disagree with your view that the only correlation is to the downside between many REITs and the stock market. I think REITs are just badly out of favor right now and that explains this. The market has had many pockets of irrrationality since covid happened imo. Meta's valuation (at that time of $800 billion USD) was chopped in three last year because people didn't like metaverse spending. Many oil/coal stocks spent 2020-2021 priced as if the covid pandemic would continue for all of eternity and REITs are priced today as if it is only a matter of time before everyone is working from home. 

We have all tried to catch a falling knife with these REITs and just have to accept that we will probably bleed a little before things turn around. If interest rates find themselves lower than today in a few years time, someone will buy up these REITs for their cash flow if they haven't turned things around by then. They are printing money even if the market places no value on that at the moment and would rather buy $660 billion USD NVDA trading at 100x P/E "because AI". 

SNAKEYBOY wrote: I dont doubt that most reits will cite business as usual with the highly levered ones like artis having some FFO decline, and yet these reits are in the gutter and cant catch a bid if their life depended on it.

I still cant believe how these trade.   Only correlate to stocks or bonds which is ever negative