1. Many expected REITs to rise with the Fed's interest rate cuts; 2. Rising long-term yields have dashed these expectations; 3. Two indicators suggest elevated risks for REITs; 4. Opportunities exist for high income investors to secure decent yields with limited risk.

1. Medical Properties Trust (MPW) is significantly undervalued, trading at $4.30 per share, 34% below its 52-week high, with a 7.44% dividend yield. 2. MPW has reduced its total debt to $9.2 billion through $2.9 billion in liquidity transactions but faces significant debt maturities in 2025. 3. The REIT's market cap of $2.55 billion is a 53% discount to its shareholders' equity of $5.44 billion, indicating a potential for price recovery.

1. REITs have outperformed the S&P 500 recently; 2. The strong outperformance is expected to continue; 3. Two reasons are cited for this trend.

1. Blue-chip REITs experienced a strong rally from early July to late October; 2. However, they have recently pulled back; 3. Reasons for the pullback are discussed, along with a top REIT pick.

1. Macroeconomics trumps politics; 2. REITs are cheap and set to benefit from rate cuts; 3. Here are 3 REITs that win no matter what.

1. U.S. equity markets reached record highs following President-elect Trump's decisive election victory; 2. Smaller-cap companies led the surge, outperforming tech and international peers; 3. Real estate equities lagged due to high interest rates and concerns over tax policy and economic policies.

1. Realty Income Corporation's stock has lost about 8% of its market cap over the past 30 days due to rising long-term yields; 2. Despite the stock drop, the company's financials remain solid with an attractive growth outlook; 3. The stock is a clear buy with a P/AFFO of 13.5x and a dividend yield of 5.3%.

1. Freddie Mac, a GSE providing mortgage financing to the American real estate market, saw its shares surge 39% after Trump's re-election due to speculation on potential privatization. 2. The company's profitability suggests its equity could be valuable, fueling interest in a privatization plan. 3. Despite the potential upside, investors are advised to speculate with money they can afford to lose due to uncertainties and competition from informed institutional investors.

1. Realty Income has experienced a significant drop in its stock price, falling over 3% in a day after a few weeks of decline. 2. The valuation gap between Realty Income and its peers has widened. 3. Despite the drop, Realty Income has improved its 2024 guidance and remains capable of delivering sufficient AFFO per share growth and stability to ensure further dividend growth and payment safety.

1. Fannie Mae and Freddie Mac preferred stock prices surged 60-80% following Donald Trump's re-election; 2. FNMAT's price more than doubled post-2016 election, with similar gains expected after the upcoming power swap; 3. Key developments include Trump's new Treasury secretary appointment and potential immediate FHFA chief replacement.

1. Five US REITs have suspended dividends this year; 2. Six other REITs have lowered regular dividend payouts; 3. The activity contrasts with the majority of the US REIT industry that raised dividends in the first three quarters of 2024.

1. The author emphasizes the importance of focusing on the safety of dividends over yield; 2. He discusses the temptation to chase high-yielding stocks and the value of protecting principal; 3. The article mentions iREIT®+HOYA Capital as a resource for in-depth research and analysis on REITs and related investments.

1. VICI reported very consistent Q3/24 earnings, exceeding top and bottom line expectations. 2. VICI's unique business model distinguishes it from other triple-net lease REITs, making it of higher quality. 3. Even with almost no growth, the company appears attractively valued. 4. Assuming aggressive but realistic growth rates, VICI could be undervalued by up to 54%.

1. The Federal Reserve's recent rate cut and projected future cuts signal a positive shift for the REITs sector. 2. The JOLTS Report missed expectations, with job openings falling and layoffs rising, suggesting potential for more rate cuts. 3. REITs benefit from lower borrowing costs and attractive dividend yields, driving investor demand and share prices. 4. Five top Quant-rated REITs with strong factor grades and dividend scores could benefit from the current environment. 5. Seeking Alpha's Quant REIT ratings evaluate REITs using specialized metrics reflecting unique characteristics of property investments.

1. Manhattan's real estate market is improving with a bottom in the lease market; 2. Redeveloping obsolete properties could significantly improve income; 3. Even without redevelopment, the baseline scenario is sustainable for the preferred dividend burden; 4. The current yield on the preferreds implies similar credit risk to typical US home buyers.

1. There are significant valuation gaps among REIT sectors, with some justified by fundamentals and others representing mispricing, providing investment opportunities in undervalued sectors. 2. Hotel and office REITs face significant challenges, including volatile earnings, high costs, and post-COVID demand shifts, making them risky investments despite low multiples. 3. Diversified and retail REITs are undervalued; diversified REITs are misunderstood, and retail REITs have growth potential due to long-term lease roll-ups.

1. REITs have surged by nearly 40% on average; 2. Some specific REITs missed out on this rally; 3. Highlighted two REITs with significant upside potential.

1. Blackstone Mortgage Trust faces ongoing credit quality issues, particularly in its U.S. office segment, leading to under-earned dividends despite a recent 24% cut. 2. The trust's distributable earnings fell short of its reduced dividend, reflecting a strained credit situation and potential for further dividend cuts. 3. Despite these challenges, BXMT trades at a 15% discount to book value, suggesting limited downside risk for risk-seeking investors seeking a 10% yield.

1. AGNC Investment Corporation is a well-managed mortgage REIT poised to benefit from the central bank's recent rate cuts, enhancing its 14% dividend yield. 2. AGNC's Q3 profit exceeded expectations, with a 5% QoQ book value growth, driven by favorable interest rate environments for mortgage-backed securities. 3. Lower borrowing costs and higher valuations of mortgage-backed securities should support AGNC's book value growth and net interest income trajectory.

1. Alpine Income Property Trust, Inc. reported a comprehensive earnings beat for Q3, leading to higher full-year guidance. 2. The REIT's portfolio occupancy decreased, but average rent per square foot increased, and weighted average lease terms extended. 3. The company's loan book income surged, diversifying and smoothing revenue, with operating expenses dropping due to lower impairment provisions. 4. Valuation metrics show Alpine's forward P/FFO and P/AFFO ratios are below sector averages, indicating a favorable investment outlook.