Wait out the wild housing market; a bright spot in a battered biz; Walmart, and Target, and Amazon, oh my; some solid REIT choices to start off the summer.
In Today's News
Why You Should Wait Out the Wild Housing Market
Rising inventory is one of several signs that we may have reached peak ludicrousness, says the author of this timely piece in The Atlantic.
The Millionacres takeaway: There are a lot of reasons laid out here why this crazy market is not like the pre-crash housing bubble of a decade ago, but also some good reasons to wait a bit, too, before doing anything that might prove to be rash. Food for thought here.
The $10 Billion Bright Spot in the Battered World of Office Real Estate
Bloomberg looks today [subscription required] at how Blackstone, KKR, and other investors are betting on laboratory space as vaccines fuel the economic rebound.
The Millionacres takeaway: Citing Real Capital Analytics data, this piece says such purchases accounted for about 4% of all global commercial real estate transactions through May and provides insight from some stakeholders on why they think the trendline still points up.
Today on Millionacres
Walmart Earnings Skyrocketed First Quarter 2021: Should Investors Be Hopeful?
Walmart (NYSE: WMT), the world's largest retailer, has also been the largest company in America since 2002, and it's kept that ranking ever since, except for a few years in between when it dropped from the No. 1 spot. And Walmart is still going strong.
The Millionacres takeaway: Our Laura Agadoni points out that some of the factors that buoyed Walmart through the pandemic, like stimulus payments, won't last forever and that competition from Amazon is growing. Walmart occupies a lot of strategic commercial real estate in this country, so it's worth watching this one, Laura notes.
Buckle Up, Walmart and Amazon: Target's Comin' for You
As it expands its offerings, it's not just malls that Target (NYSE: TGT) stands to take business away from. The big-box giant is now upping its shipping game to take on e-commerce powerhouses like Amazon and Walmart, too.
The Millionacres takeaway: Our Maurie Backman writes that Target has long been an anchor tenant for shopping centers, and at the fact that Target is not only upping its shipping game, but centering its strategy on actual stores, should give investors a reason to breathe easy.
3 Top REITs to Buy With Dividends Above 5%
Casinos, government buildings, and doctors' offices are the focus of these three real estate investment trusts (REITs) that pass muster with our Matt Frankel as good buys now for people who want to enjoy the income and relative security they offer in the future.
The Millionacres takeaway: Matt makes it clear that none of these REITs are likely to make you rich quickly. But what they will do is make you rich slowly and without an extraordinary amount of risk, he says -- and that's kind of what REITs may do best, right?