Core Insights - The Nasdaq Composite Index includes stocks that provide monthly dividends, appealing to investors seeking regular passive income [2][3] Company Summaries AGNC Investment Corp. - AGNC Investment Corp. reported Q3 revenue of $836 million and net income of $0.72 per share, with a portfolio valued at $90.8 billion [4][7] - The company offers a high dividend yield of 14.30% and has a stock price of $10, which has increased by 8.5% in 2025, nearing its 52-week high of $10.63 [5][6] - AGNC exclusively invests in U.S. government agency mortgage securities and employs leverage through repurchase agreements to enhance returns [6][7] - The company has a payout ratio of 93.51% and announced a monthly dividend of $0.12, having consistently paid dividends since its inception in 2008 [6][8] Phillips Edison - Phillips Edison reported a 97.6% occupancy rate and raised its 2025 net income guidance to a range of $0.62-$0.65 per share [4]

Core Insights - The article emphasizes the advantages of active management in the real estate investment trust (REIT) sector, suggesting that it can outperform passive strategies over the long term [1] Group 1: ALPS Active REIT ETF - The ALPS Active REIT ETF, which will celebrate its five-year anniversary in February, is highlighted as a viable option for investors, especially given the current strong balance sheets and positive trends in funds from operations (FFO) metrics within the real estate sector [2] - The ETF offers a solid dividend yield of 3.12% and provides flexibility through active management, which can help investors identify which areas of the real estate sector are attracting professional asset allocators [3] Group 2: Sector Exposure - The ALPS ETF has a significant allocation of 19.48% to healthcare REITs, marking it as the second-largest subgroup weight within the ETF [4] - Telecommunications is noted as the most overweight sector, with investments at 135% of its index weight, while the office sector has shifted from underweight to overweight for the first time since early 2020 [5] - The ETF's largest subgroup exposure is to specialized REITs, which includes data center landlords, indicating a connection to the AI trade [6] Group 3: Shifts in Real Estate Management - Active real estate managers are increasingly shifting their focus towards lodging and retail landlords, both of which are represented in the ALPS ETF, with retail REITs making up 14% of the portfolio [7] - The lodging/resorts sector has nearly reached parity with its index weight, now at 99%, while retail and industrial sectors remain underweight at 76% and 80% of their index shares, respectively [8]

Core Viewpoint - NNN REIT has shown resilience despite ongoing challenges, with a solid earnings report in Q3, indicating potential for continued investment interest [1]. Group 1: Company Performance - NNN REIT reported a strong Q3 earnings report, which has been positively received by analysts [1]. Group 2: Investment Strategy - The focus is on dividend investing in quality blue-chip stocks, BDCs, and REITs, aiming to build a portfolio that supports retirement income through dividends in the next 5-7 years [1].

Core Viewpoint - The article discusses four high dividend yield stocks, ranging from 7.9% to 20.6%, that are currently being overlooked by Wall Street analysts despite their potential for income generation [1][2]. Group 1: National Storage Affiliates Trust (NSA) - NSA is a self-storage REIT with a yield of 7.9%, operating 1,069 properties across 37 states and Puerto Rico, and is considered recession-resistant [3][4]. - The stock has experienced a 20% decline in 2025, attributed to lower earnings and occupancy rates, although similar trends are seen in competitors, indicating broader industry challenges [4][5]. - NSA's payout coverage is tightening, with expected earnings of $2.20 per share against a dividend payout of $2.28, leading to concerns about sustainability [5]. Group 2: Alexanders (ALX) - ALX, yielding 8.5%, is a concentrated landlord with significant reliance on a single tenant, Bloomberg, which accounts for 60% of its revenue [6][7]. - The company is facing financial difficulties, including a loan restructuring discussion after failing to repay a $300 million loan [7]. - Despite these issues, ALX has delivered double-digit total returns in 2025, outperforming the broader real estate sector [8]. Group 3: Robert Half (RHI) - RHI has a yield of 9.0% and operates in talent solutions and consulting, but its stock has plummeted 80% since its peak in 2022, leading to more Sell and Hold ratings than Buys [10][11]. - The company is facing challenges from AI's impact on job placements, although its CEO argues that the effects are overstated for experienced roles [14][15]. - RHI's dividend payout is projected to exceed earnings significantly, with expected profits dropping by 45% this year [15]. Group 4: Cricut (CRCT) - Cricut boasts a high yield of 20.6% and operates as a creativity platform, but its profitability is declining despite recent dividend commitments [17][18]. - The company has seen a significant drop in stock price, leading to a yield increase, yet analysts are pessimistic about its future growth prospects [19][20]. - Revenue projections indicate potential stagnation or decline, particularly if economic conditions affect holiday sales, which are crucial for the company [21].

Core Insights - Albert Anthony is a Croatian-American business author and analyst contributing to Seeking Alpha and other financial platforms, with a focus on Real Estate Investment Trusts (REITs) [1] - He has a background in business information systems and experience at Charles Schwab, which supports his analytical capabilities in equities research [1] - Albert Anthony & Company is a Texas-registered boutique equities research firm managed remotely by the author [1] Professional Background - The author has participated in numerous business and innovation conferences in both the US and Croatia, enhancing his industry knowledge [1] - He holds a B.A. in Political Science from Drew University and has various certifications in Microsoft Fundamentals and CompTIA Project+ [1] - Currently, he is pursuing ongoing certification in Capital Markets & Securities Analyst (CMSA) and business intelligence/data analysis [1] Media Presence - Albert Anthony is expanding his presence on YouTube, focusing on REITs and sharing insights as an active investor [1] - He does not engage with non-publicly traded companies, small cap stocks, or startup CEOs, ensuring a focus on publicly available data [1]

Core Viewpoint - Investing in Singapore REITs (S-REITs) can provide stable and reliable passive income for investors, with a focus on distribution yield, asset quality, and strong execution. Group 1: Frasers Logistics & Commercial Trust (FLCT) - FLCT's portfolio consists of 113 properties valued at S$6.9 billion, with significant exposure in Australia (45.6%) and Germany (26.2%) [2] - Revenue increased by 5.6% year-on-year to S$471.5 million in FY2025, but distributable income fell by 12.1% to S$224.7 million due to higher finance costs, leading to a DPU decline of 12.5% to S$0.0595 [3][4] - The REIT maintains a high occupancy rate of 95.1% and a WALE of 4.8 years, with a gearing ratio of 35.7% and an interest coverage ratio of 4.3 [4] - FLCT's distribution yield stands at 6.3%, significantly higher than the STI's yield of around 4%, despite a declining DPU trend over the past four years [4] - Future growth potential is indicated by a rental reversion rate of nearly 30% and 83.1% of leases having inflation-linked indexation or fixed escalations [5] Group 2: ParkwayLife REIT (PLife REIT) - PLife REIT focuses on healthcare properties, with a portfolio valued at S$2.46 billion, where Singapore properties account for 65% of the value [7] - Revenue grew by 8.2% year-on-year to S$117.3 million in 9M 2025, driven by acquisitions in Japan and France [8] - Distributable income and DPU increased by 10.4% and 2.3% year-on-year to S$75.4 million and S$0.1156, respectively [8] - The REIT has a healthy gearing ratio of 35.8% and an excellent interest coverage ratio of 8.9, with a low cost of debt at 1.57% [9] - PLife REIT's distribution yield is 3.7%, lower than the STI's yield, but it has consistently grown its DPU since its IPO in 2007 [10] - Tenant concentration risk exists, as Parkway Hospitals Singapore contributes 60% of gross revenue, but a long-term master lease mitigates some risks [10][11] Group 3: Investment Implications - With potential interest rate declines, reliable REITs can anchor an investor's income portfolio, emphasizing the importance of property quality, prudent leverage, and capable management [13] - Investors should prioritize consistency in income over merely high yields, focusing on a balanced mix of quality REITs to navigate market volatility [14]

Market Overview - Market breadth has been struggling, with both breadth oscillators in oversold territory, indicating potential for buy signals when breadth improves, but market can still decline sharply during this period [1] - The S&P 500 (SPX) is currently in a trading range between 6,500 and 6,900, with a breakdown below 6,500 being extremely negative for U.S. stocks [5][6] - New highs and lows on the NYSE have shown conflicting signals, with new lows dominating recently, generating a new sell signal [7][8] Volatility and Options - Volatility remains high, with the VIX spiking to 26.20, indicating a potential buy signal for stocks if VIX closes below 23.20 [9] - The construct of volatility derivatives is modestly bullish, with VIX futures trading at a discount to VIX, but January futures trading above December futures indicates short-term market health [11] Company-Specific Insights - Nvidia (NVDA) options have been overpriced leading into earnings, with the at-the-money straddle priced at $13.65, or 7.3% of the stock price, reflecting high market optimism that did not materialize [4] - A new put-call ratio sell signal has arisen for Prologis Inc. (PLD), prompting action to buy puts in line with the market [13][14] Recommendations and Actions - The company will continue to roll deeply in-the-money options and follow individual signals as they are generated [12] - Specific positions include holding long puts for BXP as long as the weighted put-call ratio remains on a sell signal, and managing SPY positions based on market movements [20][21]

Economic Overview - The economy is currently experiencing strong growth, with the Atlanta Fed estimating GDP at 4% [3] - Despite positive economic indicators, investor sentiment is dominated by recession fears, leading to a disconnect between market performance and investor behavior [2][3] Interest Rates and REITs - Historical trends indicate that rate cuts typically lead to bull markets for Real Estate Investment Trusts (REITs) [4][5] - The current economic environment, characterized by growth rather than contraction, suggests that the upcoming rate cut cycle could be particularly beneficial for REITs [5] Mortgage REITs (mREITs) Performance - Select mortgage REITs, particularly Annaly Capital (NLY), are positioned for significant payouts and price appreciation due to their holdings in government-backed mortgages [6][8] - NLY benefits from falling long-term interest rates, which increase the value of its mortgage portfolio [8] Annaly Capital's Strategy - Annaly Capital has a history of capitalizing on market volatility by purchasing high-quality agency mortgages when spreads widen [7] - The company has sufficient core earnings to cover its dividend, with potential for increased earnings as rate cuts improve its net interest margin [9] Investment Considerations - Not all mortgage REITs are equally positioned; Annaly's focus on guaranteed agency paper mitigates risks associated with lower-quality commercial mortgages held by other mREITs [9] - The current economic landscape creates distinct winners and losers, emphasizing the importance of selecting proven investment strategies [9]

Core Insights - The article emphasizes a contrarian investment strategy, focusing on long-term opportunities in the market when fear or short-term discontent prevails [1] Group 1: Investment Philosophy - The company adopts a high tolerance for risk and a long-term investment horizon, seeking to capitalize on market inefficiencies [1] - The investment approach is centered around identifying Real Estate Investment Trusts (REITs) that are currently undervalued or out-of-favor [1] Group 2: Investment Strategy - The strategy involves using fundamental economic insights to assess the intrinsic value of stocks, aiming for deep-value opportunities [1]

Group 1 - The company has received over 500 five-star reviews from satisfied members, indicating strong customer satisfaction and perceived value [1] - The company invests significant resources, over $100,000 annually, into researching profitable investment opportunities, particularly in real estate strategies [1] - New members can gain immediate access to the latest top investment picks and receive a discount of $100 upon joining [2] Group 2 - Jussi Askola, the President of Leonberg Capital, is a recognized expert in REIT investing, having authored award-winning academic papers and passed all three CFA exams [3] - Leonberg Capital provides consulting services to hedge funds, family offices, and private equity firms, focusing on value-oriented investment strategies [3] - The investing group High Yield Landlord, led by Jussi Askola, offers features such as multiple portfolios, buy/sell alerts, and direct access to analysts for real-time investment insights [3]