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Real Estate Operational Performance by Sector in 2020

We finally got into a multi-family deep value add deal that I like. I may consider doing a case study to show how I analyze a deal from an investor perspective in the future, if there is enough demand for it. Please let me know if you are interested. We will decide based on the feedback.

I wrote this blog post back in 10/3/2020, and even though REIT performance might have changed by the last quarter of 2020, there is not much time left for the year to change this total picture unless the election and an significant risk-off event to occur (who knows 2020 is a beast).

****** Posted on Oct 3, 2020 ******

Today I am going to share with you the performance of different real estate sectors in 2020. As I mentioned in my previous talk (links can be found below), by "performance", I don't mean the return of REITs, which is subject to volatile stock market moves. Instead, I am using REITs as a tool to look into the operation of different real estate sectors. 

Specifically, since REITs are required to pay out at least 90% of taxable income as dividends, by looking at how many REITs are cutting or increasing dividends and which sectors they belong to, we can tell which sectors are doing better, which sectors are suffering in 2020.

Which sectors are suffering in 2020?

Hotels, shopping centers, malls and offices are the biggest losers.

Who are the biggest winners in 2020? Industrial, apartments, data centers and manufactured housing. Net lease is a little bit tricky, looks like the operation performances can be very different even within that sector.

As I mentioned above, please let me know if you are interested in a case study of deal analysis.

Invest with Confidence.


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Video of our Coast-2-Coast educational series on asset allocation during the COVID era:

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