TRADE ALERT - Core Portfolio July 2024

Dear Landlords,

I want to extend a warm welcome to all our new members! We recommend that you start by reading our Welcome Letter by clicking here. It explains why we invest in real estate through REITs and how to get started.  

As a reminder, our most recent "Portfolio Review" was shared with the members of High Yield Landlord on July 3rd, 2024, and you can read it by clicking here.

You can also access our three portfolios via Google Sheets by clicking here.

New members can start researching positions marked as Strong Buy and Buy while taking into account the corresponding risk ratings.

If you have any questions or need assistance, please let us know.

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TRADE ALERT - Core Portfolio July 2024

Transaction:

• We bought another 300 shares of Farmland Partners (FPI), increasing our position size by 20%.

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We have not had a Trade Alert for our Core Portfolio or our Retirement Portfolio in over a month and there is a simple reason for this. 

American REITs began to surge in early July this year, with the average increase nearly reaching 10%, and many of our selected REITs showing even more significant gains:

Data by YCharts

However, even as US REITs surged, many Foreign REIT markets kept stagnating, and therefore, they suddenly became more attractive, relatively speaking. Therefore, we favored international markets over the past month and added more capital to:

• Our Mexican industrial real estate investment - Vesta REIT (VTMX) - you can read our trade alert by clicking here.

• Our Estonian land investment - Tallinna Sadam (TSM1F) - you can read our trade alert by clicking here.

• Our Canadian net lease investment - Canadian Net REIT (NET.UN:CA) - you can read our trade alert by clicking here.

• Our Latin American REIT asset manager - Patria Investments (PAX) - you can read our trade alert by clicking here.

But we are finally presented with a new opportunity in the US. 

The second quarter earnings season has begun and it is leading to some volatility with investors often overreacting to short-term news.