Core Insights - 420 Investor, launched in 2013, has transitioned to Seeking Alpha, continuing its focus on cannabis stocks and providing extensive coverage of the sector [1] - Alan Brochstein, a pioneer in cannabis investment analysis, has been managing 420 Investor and offers a range of resources including model portfolios, videos, and earnings report analyses [1] Company Overview - 420 Investor has been a significant player in the cannabis investment space, providing insights and resources for investors interested in publicly-traded cannabis stocks since its inception [1] - The service includes features such as a model portfolio, weekly videos, summary pieces, a monthly newsletter, and a chat function for investor inquiries [1] Industry Context - The cannabis industry has seen increased interest and investment opportunities, particularly following the legalization of adult-use cannabis in Colorado [1] - The presence of large REIT ETFs, such as iShares U.S. Real Estate ETF and Vanguard Real Estate, indicates a growing interest in real estate investments related to the cannabis sector [1]

Core Insights - The article discusses the launch and evolution of the 420 Investor service, which focuses on cannabis stocks and has transitioned to Seeking Alpha in 2023 [1] - Alan Brochstein, a prominent figure in cannabis investment, has been involved in the industry since 2013 and provides extensive coverage of cannabis stocks through various formats [1] Group 1: Company Overview - 420 Investor was established in 2013, coinciding with Colorado's legalization of cannabis for adult use [1] - The service includes model portfolios, videos, and written materials aimed at educating investors about cannabis stocks [1] - Alan Brochstein is the managing partner of New Cannabis Ventures, which has been providing financial information in the cannabis sector since 2015 [1] Group 2: Investment Features - The investing group closely monitors 20 cannabis stocks, providing timely investment news, earnings report previews, and post-report analyses [1] - Additional features of the group include a model portfolio, 10 weekly videos with chart analysis, three weekly summary pieces, a monthly newsletter, and a chat function for investor inquiries [1] Group 3: Market Context - The article mentions several large REIT ETFs that are tracked, including the iShares U.S. Real Estate ETF (IYR), Real Estate Select Sector SPDR® Fund ETF (XLRE), and Vanguard Real Estate [1]

Kwarkot/iStock via Getty Images Listen here or on the go via Apple Podcasts and Spotify Hoya Capital's David Auerbach on past REIT underperformance evolving into solid fundamentals across the board (1:00). Interest rates and REITs (5:20). Contextualizing dividends (10:20). Alexandria and other earnings season takeaways (15:40). Retail REITs and the US economy (20:55). Office REITs (27:40). Hoya Capital ETFs HOMZ and RIET (30:30). The most misunderstood thing about REITs (38:05). Transcript Rena Sherb ...

Group 1 - The analyst has over 10 years of experience researching more than 1000 companies across various sectors including commodities and technology [1] - The focus has shifted from writing a blog to creating a value investing-focused YouTube channel, where hundreds of companies have been researched [1] - The analyst expresses a particular interest in metals and mining stocks, while also being comfortable with other industries such as consumer discretionary, REITs, and utilities [1]

Core Insights - The analyst has over 10 years of experience researching more than 1000 companies across various sectors, including commodities and technology [1] - The focus has shifted from blogging to a value investing-oriented YouTube channel, emphasizing research on hundreds of companies [1] - The analyst shows a particular interest in metals and mining stocks, while also being knowledgeable in consumer discretionary, REITs, and utilities [1] Company and Industry Summary - The analyst's research covers a wide range of industries, indicating a diverse investment approach [1] - The transition to a YouTube channel suggests a growing trend in digital content consumption for investment insights [1] - The emphasis on value investing reflects a strategic approach to identifying potential investment opportunities in various sectors [1]

Group 1 - The analyst has over 10 years of experience researching companies across various sectors, including commodities and technology [1] - The analyst has researched more than 1000 companies, focusing on metals and mining stocks, as well as other industries like consumer discretionary, REITs, and utilities [1] - The analyst transitioned from writing a blog to creating a value investing-focused YouTube channel, where they have researched hundreds of companies [1]

Group 1 - The analyst has over 10 years of experience researching more than 1000 companies across various sectors including commodities and technology [1] - The focus has shifted from writing a blog to creating a value investing-focused YouTube channel, where hundreds of companies have been researched [1] - The analyst expresses a preference for covering metals and mining stocks, while also being comfortable with consumer discretionary, staples, REITs, and utilities [1]

Group 1 - The article emphasizes the benefits of interacting with readers on Seeking Alpha, which can lead to new insights and investment ideas [1] - The author has been investing since high school in 2011, focusing on REITs, preferred stocks, and high-yield bonds, and has developed a long-term fundamental investment approach [2] - The author primarily covers REITs and financials on Seeking Alpha, with occasional articles on ETFs and macro-driven stock ideas [2]

Group 1 - The analyst has over 10 years of experience researching more than 1000 companies across various sectors including commodities and technology [1] - The focus has shifted from writing a blog to creating a value investing-focused YouTube channel, covering hundreds of companies [1] - The analyst expresses a particular interest in metals and mining stocks, while also being comfortable with consumer discretionary, REITs, and utilities [1]

REIT Sector Performance - The REIT sector experienced a decline of -4.03% in October, resulting in a year-to-date return of -4.69% for the average REIT, significantly underperforming the broader market indices such as NASDAQ (+4.7%), Dow Jones (+2.6%), and S&P 500 (+2.3%) [1] - The Vanguard Real Estate ETF (VNQ) had a less severe decline of -2.45% in October but has outperformed year-to-date with a return of +2.98% [1] - The spread between the 2026 FFO multiples of large cap REITs (16x) and small cap REITs (12.7x) widened, indicating that investors are paying 26% more for each dollar of FFO from large cap REITs compared to small cap REITs [1] Property Type Performance - In October, micro cap REITs led the sector with the smallest average decline of -2.81%, followed by mid caps (-3.11%), large caps (-4.45%), and small caps (-5.05%) [3] - 14 out of 18 property types averaged negative returns in October, with only 22.22% of property types achieving a positive total return [5] - Office properties had the worst performance at -12.74%, while Hotels (+3.82%) and Data Centers (+2.53%) were the best performers [5][6] Year-to-Date Performance - Year-to-date through October 2025, Office properties (-16.87%), Single Family Housing (-14.94%), and Land (-14.91%) have underperformed, while Health Care (+19.74%) has significantly outperformed [7] - The average P/FFO for the REIT sector declined from 14.1x to 13.5x during October, with 22.2% of property types experiencing multiple expansion [8] Individual Securities - Sotherly Hotels (SOHO) saw a significant increase of +165.00% on October 27th due to an acquisition announcement, with shareholders set to receive $2.25/share, a 152.7% premium [10] - Office Properties Income Trust (OPI) faced a dramatic decline of -88.76% ahead of its delisting and subsequently filed for Chapter 11 bankruptcy, with a year-to-date return of -96.15% [11] Dividend Yield - High dividend yields are a key attraction for investors in the REIT sector, with many REITs trading below their NAV, leading to attractive yields despite potential risks [15]