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

RE:RE:RE:RE:RE:THINGS HEAD SOUTH ON POWELL

[DZtrader]

Actually there is a whole lot stopping reits from going another 20% down. Firstly banks (in general) are not going to go bust. Can the U.S. loose another one or two, for sure, but they will quickly get absorbed. Yes it is a trying time for CRE with upcoming debt load but we will get through it, banks aren't the only lenders out there either. I think the most compelling argument in favor of the reits right now though is that we have seen peak interest rates. Say what you wish but if history is any guide, it is usually at about this turn that you start to see this sector find its mojo again. Not saying we fly higher next week but the bottom has likely formed and we will start a grind higher. In the meantime, as the old saying goes "sit down, shut up and hold on". Onwards and upwards from here, the bottom, she be in!