Core Insights - The focus is on income-producing asset classes that provide sustainable portfolio income, diversification, and inflation hedging [1][2] - Inflation remains persistent around 3%, prompting a preference for hard assets over fiat currency [2] - The investment group iREIT®+HOYA Capital specializes in high-yield, dividend growth investment ideas, targeting dividend yields up to 10% [2] Investment Strategy - The investment strategy emphasizes defensive stocks with a medium- to long-term horizon [2] - The group offers research on various asset classes including REITs, ETFs, closed-end funds, preferreds, and dividend champions [2] - The service aims to help investors achieve dependable monthly income and portfolio diversification [2]

Core Insights - Over the past three years, REITs (VNQ) have only delivered 16% in total returns, significantly underperforming the overall stock market (SPY), which has expanded by approximately 75% [1] Group 1: REIT Performance - The total return of REITs over the last three years is 16% [1] - The overall stock market has seen a return of roughly 75% during the same period [1] - Adjusting for inflation, the real return figures for REITs are notably lower [1] Group 2: Industry Context - The article highlights the need for improved liquidity in the pan-Baltic capital markets through institutionalizing the REIT framework in Latvia [1] - There is an emphasis on developing national SOE financing guidelines and frameworks to channel private capital into affordable housing [1]

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Acquires Property in Hyattsville, MD for $50.0 Million. ...

NEW YORK, Dec. 05, 2025 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG), Manhattan’s largest office landlord, today announced the final closing of its SLG Opportunistic Debt Fund (the “Fund”) with total capital commitments of more than $1.3 billion. Additional investment capacity is provided by sidecar structures and discretionary separate accounts. “We believe this milestone underscores the strong and sustained demand from a global investor base seeking access to SL Green’s differentiated real estate ...

Core Insights - SL Green Realty Corp. has acquired a 39.48% interest in 800 Third Avenue for $5.1 million, achieving 100% ownership of the asset [1] - The existing mortgage of $177.0 million has been modified and extended to mature in February 2031, with a fixed interest rate of 5.03% until February 2029 [2] Company Overview - SL Green Realty Corp. is Manhattan's largest office landlord and operates as a fully integrated real estate investment trust (REIT), focusing on acquiring and managing commercial properties in Manhattan [4] - As of September 30, 2025, the company held interests in 53 buildings totaling 30.7 million square feet, including 27.1 million square feet of Manhattan buildings [4] Strategic Outlook - The transactions reflect SL Green's long-term commitment to well-located assets in Midtown Manhattan and its capability to execute loan modifications that enhance the maturity profile while maintaining favorable terms [3] - The property at 800 Third Avenue is strategically located near Grand Central Terminal and benefits from ongoing residential conversions in the area, which are expected to drive growth in the office sector [3]

Economic Overview - The economy is facing significant uncertainty as 2025 approaches, with a projected 93% chance of a recession according to UBS [1] - Despite advancements in technologies like generative AI boosting GDP growth, consumers are struggling with rising prices and a softening job market [1] Defensive Stocks - Economic downturns typically negatively impact stocks due to reduced spending and slower growth, but certain companies can thrive regardless of economic conditions [2] - Dollar General and Realty Income are highlighted as companies that are well-positioned to withstand economic challenges [2] Realty Income - Realty Income is a leading REIT known for its large monthly dividend yield of 5.63%, appealing to retirees [3] - The company has a history of maintaining its dividend through past financial crises, indicating a resilient business model [3] - Realty Income's strategy involves acquiring single-tenant commercial properties and leasing them to high-quality tenants, with no single client type accounting for more than 11% of total rent [4] - The company benefits from triple-net leases, where tenants cover operating costs, thus managing risk effectively [4] - A recession could potentially enhance Realty Income's growth prospects, as seen in previous bull runs following downturns in 2001 and 2007 [5] - The real estate sector is sensitive to interest rates, and typically, the Federal Reserve lowers rates during recessions, which could benefit Realty Income's growth potential [6] Dollar General - Dollar General, founded in 1939, is the largest chain of dollar stores in the U.S., targeting lower-income consumers with low prices [7] - The company has faced challenges from inflation but is positioned to attract customers from larger retailers during a recession [8] - Dollar General's unique market niche allows it to offer products in small quantities, catering to consumers needing to minimize spending [9] - In the second quarter, Dollar General reported a 5.1% year-over-year increase in net sales to $10.7 billion and an 8.3% rise in operating profits to $595 million [10] - The company offers a forward P/E ratio of 16, which is lower than the S&P 500 average of 22, along with a modest dividend yield of 2.16% [10]

Group 1 - Leverage can be beneficial for a growing company, allowing for higher cash flows to common shareholders and potentially resulting in higher total returns in the long term [1] - The company has shifted its investment strategy over the years, initially focusing on REITs, preferred stocks, and high-yield bonds, and more recently combining long stock positions with covered calls and cash secured puts [1] Group 2 - The company approaches investing from a fundamental long-term perspective, primarily covering REITs and financials, with occasional articles on ETFs and other stocks driven by macro trade ideas [1]

Core Viewpoint - The article discusses the potential for real estate investment trusts (REITs) to attract investors as interest rates decline, comparing two specific REITs: Realty Income and Vici Properties, to determine which is a better investment for the future [1][2]. Group 1: Overview of Realty Income - Realty Income owns over 15,500 commercial properties primarily leased to recession-resistant retailers, maintaining an occupancy rate of 98.7% in 2024 [4]. - The company has a history of paying monthly dividends and has raised its payout 132 times since its IPO [4]. - Realty's adjusted funds from operations (AFFO) per share grew at a compound annual growth rate (CAGR) of 5% from 2019 to 2024, with expectations of a slight increase in AFFO for 2025 [11][12]. Group 2: Overview of Vici Properties - Vici Properties owns 93 casinos and entertainment properties, focusing on long-term leases with major tenants like Caesar's Entertainment and MGM Resorts, achieving a perfect occupancy rate of 100% since its IPO [6][7]. - The company has raised its dividend annually for seven consecutive years and expects its AFFO per share to rise by 4% to 5% in the near future [7][13]. - Vici's AFFO per share grew at a CAGR of 9% from 2019 to 2024, indicating strong performance despite macroeconomic challenges [13]. Group 3: Comparative Analysis - Both Realty and Vici are triple net lease REITs, requiring them to distribute at least 90% of their taxable income as dividends [3]. - Vici is considered a better investment due to its stronger AFFO growth, perfect occupancy rates, lower valuation, and higher dividends compared to Realty [15]. - As interest rates decline, both companies are expected to benefit from cheaper expansion opportunities and milder macroeconomic headwinds for their tenants [14].

Core Viewpoint - A class action lawsuit has been filed against Alexandria Real Estate Equities, Inc. alleging misleading information regarding its leasing spreads, development pipeline, and occupancy growth for its life-science properties, particularly the Long Island City property [2]. Group 1: Lawsuit Details - The lawsuit covers investors who purchased securities from January 27, 2025, to October 27, 2025, claiming the company lacked reliable information about its leasing and occupancy growth [2]. - It is argued that Alexandria's optimistic reports about its development pipeline and occupancy rates were materially misleading, as the value and growth potential of its LIC property had been declining for years [2]. Group 2: Financial Performance - On October 27, 2025, Alexandria reported Q3 2025 financial results that did not meet analyst expectations, showing a 7% decline in adjusted funds from operations and lower revenues [3]. - The financial results were attributed to lower occupancy rates, slower leasing activity, and a significant real estate impairment charge of $323.9 million, with $206 million related to the LIC property [3]. - Following the earnings report, Alexandria's share price dropped by $14.93, approximately 19.17%, from $77.87 to $62.94 [3].

Core Viewpoint - Ellington Financial Inc. (NYSE:EFC) is identified as a high growth stock with a potential upside of 8% based on average price targets, and a Street high suggesting a 19% upside [1][2]. Financial Performance - For Q3, Ellington Financial reported a GAAP net income of $0.29 per share and adjusted distributable earnings of $0.53 per share [2]. - The company's overall portfolio expanded by 12% during the third quarter [2]. - As of September 30, cash and cash equivalents stood at $184.8 million [2]. Capital Management - The company priced $400 million in five-year senior unsecured notes, contributing to its strong financial position [2]. - CEO Laurence Penn indicated that the company is well-positioned for future growth due to conservative leverage and significant liquidity from recent note issuance [3]. Dividend Information - A monthly dividend of $0.13 per share was announced, to be distributed on December 31 to shareholders as of November 28 [3].