REIT Bros.

A few REITs have hit new 52-week lows so far today: $ABR, $ADC, $EPRT, $ESRT, $FCPT, $GLPI, $MAA, $NHI, $NXRT, $SUI, and $VICI. Some of them have bounced back nicely since then. $ADC is a bit of a surprise. I’m not touching any of them for now. https://t.co/1giLjQ6nLa

Today’s bounce feels like a relief rally. I’m not chasing it. The curve is flattening—20s30s is already inverted—which is not a friendly backdrop for REITs, especially mortgage REITs. The broader trend is still a bull market, so any weakness may not last. Still, I’d stay cautious.

How the markets will react to today’s rate decision is anyone’s guess, but here are a few names I’m watching closely for potential buying opportunities right now: $O, $EQIX, $ARE, $LTC, and $IRM.

In fact, $REXR is in the process of breaking above a multi-year downtrend line — one of the strongest technical setups among REITs right now. A daily close above $39.50 would confirm the breakout. https://t.co/TGvvO43A89 https://t.co/dk1eQJvMrJ

30 years ago, the 30Y Treasury yield was roughly 7%. If you had bought a newly issued 30Y bond at par ($1,000) and held it to maturity while reinvesting the coupons at 3.5%, you would have ended up with $4,664, a 5.3% CAGR. Here is how a few popular companies did over the same stretch: $F $2,442, 3.0% $BP $5,918, 6.1% $PFE $6,746, 6.6% $KO $7,282, 6.8% $DIS $7,515, 7.0% $BA $7,556, 7.0% $O $31,505, 12.2% $NNN $20,955, 10.7% The bond beat Ford, which at least survived. For a low-risk income stream, the bond did an excellent job. If the coupons had been reinvested at 10% — roughly the S&P 500’s rate — it would have grown to $12,515, an 8.8% CAGR, with the principal still guaranteed. For comparison, the REITs delivered outstanding returns with over 10% CAGR. The current 30Y yield is 5.4%. A 6–7% yield would be a high hurdle for many individual blue-chip companies.

I like the risk-reward setup in $AMT, $CCI, and $SBAC. The market has shaken investors out repeatedly over the last 3–4 years, and the stocks have been extremely volatile—3% intraday moves are common. I think AI-related innovations will eventually drive greater demand for bandwidth and low latency. That could create communication bottlenecks without further densification (the new Apple Duo wouldn’t make things any easier), and satellite-based solutions would take a very long time to address that problem, if ever. Carrier consolidation and tenant credit events are real risks, and AI traffic could mostly stay in the data center, Wi-Fi, and fiber. I own all three names, with an emphasis on $AMT and $SBAC.

The biggest winners in the stock market are often the innovation leaders in their sectors. Innovation is a broad term—it can mean technology, new ways of doing business, or both. REITs are rarely graded this way, so I asked Grok, Claude, ChatGPT, and Gemini to name the most innovative REITs right now and assign each a long-term innovation score out of 10. Five names were picked by all four models: $EQIX (total score 38.6), $DLR (36.6), $PLD (36.5), $IRM (34.1), and $AMT (33.5). Most of the current innovation is in digital infrastructure, and the list reflects that. Three names were picked by three models: $WELL (25.3), $ARE (24.6), and $CCI (22.5). Grok and Claude produced very similar lists—9 of 10 names matched. Both also included $SBAC and $INVH. The only difference: Grok had $LINE at No. 4, while Claude had $CCI at No. 10. Grok’s list is my favorite; it feels more balanced.

Portfolio Weekly Summary - Aug 31, 2026 to Sep 4, 2026 Transactions Added: $CCI $IRM litecoin:native $SBAC Reduced: $PLD Exited: $EGP $KRC Dividend received: CHCT, GOOD, LTC, PECO Portfolio Performance Weekly: -0.68% Total return YTD: +11.93% Total return since inception (Feb 2022): +16.48% (3.63% annualized) Forward dividend yield: 5.47% Number of Holdings: 46 Top 30 Holdings (by weight) 1. O 9.0% 2. EQIX 6.3% 3. PLD 5.9% 4. ARE 5.8% 5. MPT 4.4% 6. AMT 4.3% 7. DOC 3.8% 8. SBAC 3.7% 9. LTC 3.5% 10. DLR 3.5% 11. NTST 3.2% 12. REXR 3.2% 13. INVH 3.1% 14. OHI 3.1% 15. NHP 2.6% 16. SPG 2.6% 17. IIPR 2.3% 18. IRM 2.1% 19. AGNC 2.0% 20. APLE 1.9% 21. CCI 1.9% 22. EXR 1.7% 23. LINE 1.6% 24. TRNO 1.6% 25. GOOD 1.6% 26. DEA 1.5% 27. CHCT 1.5% 28. ABR 1.3% 29. BXDC 1.2% 30. XRN 1.2%

Portfolio Weekly Summary - Aug 24, 2026 to Aug 28, 2026 Transactions Initiated: $FPI $UMH Added: $ARE litecoin:native $NHP Reduced: $EXR Exited: $EPRT $PECO Dividend received: ABR, DOC, HR Portfolio Performance Weekly: -1.23% Total return YTD: +12.61% Total return since inception (Feb 2022): +17.03% (3.77% annualized) Forward dividend yield: 5.43% Number of Holdings: 48 Top 30 Holdings (by weight) 1. O 9.0% 2. PLD 6.8% 3. EQIX 6.3% 4. ARE 5.6% 5. MPT 4.5% 6. AMT 4.3% 7. DOC 3.8% 8. DLR 3.4% 9. NTST 3.2% 10. INVH 3.2% 11. REXR 3.1% 12. OHI 3.0% 13. SBAC 3.0% 14. LTC 3.0% 15. SPG 2.6% 16. NHP 2.5% 17. IIPR 2.2% 18. APLE 2.0% 19. AGNC 2.0% 20. EXR 1.7% 21. LINE 1.7% 22. TRNO 1.6% 23. GOOD 1.6% 24. DEA 1.5% 25. CHCT 1.4% 26. IRM 1.4% 27. CCI 1.4% 28. ABR 1.2% 29. EGP 1.2% 30. BXDC 1.2%

$ONL is up over 15% this morning after Q2 results. Notable improvements include strong leasing activity and balance-sheet restructuring—net debt to annualized adjusted EBITDA is now ~5.4x, driven mainly by dispositions. What’s really fueling the surge seems to be the strategic options review, which management noted “remains ongoing as we continue to actively engage with several parties.” With all the asset sales and debt reduction, a takeover looks more credible now. I’d be pleasantly surprised if it secures anything above $4.00 (though I hope it does). Speculation has been ongoing for more than a year, but with a much better office backdrop, it appears to be gaining real traction.