Inequality by ZIP code, REITs gain ground, multifamily stabilization, three REITs to run from, and withering heights for movie theater despair.
In Today's News
New Study Underlines Stark Racial Gaps, Geographic Inequality Nationwide
Among the findings in this new report from the Economic Innovation Group: On measures of income, poverty, joblessness, and vacancy, the typical distressed ZIP code remained just as far behind the typical prosperous ZIP code in 2018 as it was in 2000.
Why it matters: Besides an eye-opening read, this report offers insight on possible targets for investors in programs like 1031 exchanges and opportunity zones. Maybe a chance to do good while doing well, as it were.
REITs Gain Ground for Second Straight Week
The FTSE Nareit All Equity REITs (real estate investment trusts) index delivered a total return of 1.2%, the second week of rising share prices, after four straight weeks edging lower through September, Nareit says.
Why it matters: For those keeping score, Nareit also says that October's gains exceed September's losses, putting valuations back above end-of-August levels. Gains vary by sector. Click and read to find out which one has jumped to 37% so far this year.
Multifamily Stabilization Weighed Down By Rising Concessions
GlobeSt.com says today that the multifamily market is beginning to show signs of improvement and stabilization -- but still has challenges ahead in certain areas, such as a rising level of concessions.
Why it matters: This piece looks at a couple of new reports that show move-ins are up but so are concessions, putting a bite on rental property income. Multiple factors are at play here, and landlords should take note.
Today on Millionacres
3 REITs to Consider Selling
What do RPT Realty (NYSE: RPT), Kite Realty Group (NYSE: KRG), and Whitestone REIT (NYSE: WSR) have in common, besides being in the currently troubled family of retail REITs?
Why it matters: Knowing when to fold 'em is as important as when to buy and hold. Here's some advice from a seasoned investor, Millionacres' Matthew DiLallo, on exactly why these three issues may struggle more than their peers in a retail recovery.
AMC Is in Trouble. What's the Future of Movie Theaters?
Regal Cinemas (Cineworld Group, LSE: CINE) already has shut down its U.S. movie houses, and now AMC Entertainment (NYSE: AMC) has told the SEC that it's running out of cash, which could mean it's running out of time. Millionacres' Deidre Woollard takes a look at how the industry can respond as its despair reaches withering heights.
Why it matters: Movie theaters have been devastated by the pandemic shutdowns. With the availability of home streaming, one wonders how and when they'll be able to fully recover. A lot of REITs care, too.