Jobless claims spike back up, a look at malls and recovery, risk and the single-family rental, a plague-fighting REIT, and how about Howard Hughes?
In Today's News
U.S. Jobless Claims Hit Four-Week High in Fresh Labor Setback
Bloomberg reports today [subscription required] that applications for U.S. state unemployment insurance jumped to a four-week high, indicating the labor market is suffering fresh setbacks even as the coronavirus pandemic shows signs of ebbing.
Why it matters: While it's beginning to feel like there's light at the end of the COVID-19 tunnel, this is a stark reminder there's still a lot of economic recovery that has to happen before Americans come out of their retail foxholes and back into stores, theaters, and offices.
Revenge Spending, Vaccinations Could Bring Millions Back to Malls
This NBCNews.com piece looks at why malls that survive the pandemic are expected to see a windfall from pent-up demand as shoppers flock back for in-person spending.
Why it matters: This is an interesting read that touches on a lot of trends, including digital-first companies looking to capitalize on a physical presence and the collapse of the anchor-first model.
Single-Family Homes May Be Riskier Than Realized
Single-family rental property owners in 48% of all U.S. counties are at above-average risk for default, according to a new study by RealtyTrac. And almost 90% of those properties are owned by mom-and-pop investors who own fewer than 10 rentals.
Why it matters: This report on GlobeSt.com targets a reality that can be overlooked in reports of high demand for single-family rentals: COVID-19, job losses, and eviction moratoriums have led to missed rent payments and an increased risk of default, especially among highly leveraged smaller investors.
Today on Millionacres
This Office REIT is Helping Beat Back the Global Pandemic
While offices emptied out around the country, muddying the future for property owners and managers, there's one REIT that stands out for having low vacancies, a big expansion budget, and some very essential tenants.
Why it matters: Millionacres' Matthew DiLallo takes a look at how Alexandria Real Estate Equities (NYSE: ARE) has been uniquely positioned to accommodate the needs of a medical and scientific community desperately fighting a global plague. He also touches on why that makes Alexandria a promising investment going forward.
Is Howard Hughes a Millionaire-Maker REIT?
Here's a rundown of why Howard Hughes (NYSE: HHC) has performed so poorly, the general business model the company uses to create value, and how much upside potential it could have in the years ahead.
Why it matters: This concise analysis by Millionacres' Matt Frankel serves not only to provide guidance to investors in this particular real estate investment trust (REIT), but demonstrates how to examine the portfolio and prospects of others, too.