Marketplace Roundtable #41: Retail (Real Estate) Isn't Dead, With Brad Thomas

Brad Thomas of iREIT on Alpha becomes one of the first repeat guests of the Marketplace Roundtable podcast, discussing his focus on the REIT sector in a wide-ranging conversation. The retail sector attracted initial focus. Somewhat surprisingly considering the "retailpocalypse" that has taken hold in much of the developed world, Thomas still sees buying opportunities among retail-focused REITs. The key for Thomas is to stay away from chasing yield and focus on principal preservation. "High yield is great, but you've got to make sure that yield is sustainable and can grow over time." A number of iREIT's portfolios focus on "durable" REITs that may not be high-yielding, but have excellent prospects for yield growth. This is particularly important as the prospects of a recession become closer. Topics Covered 3:30 - The outlook for retail and why Brad "didn't run from retail" 4:30 - Why he recently upgraded Taubman Centers to a "strong buy" 9:10 - The "paradigm shift" facing department stores 11:20 - Shopping centers and malls face consolidation 13:00 - How to make intelligent investment decisions 16:30 - The lodging and hotel sector is risky 20:45 - The need to maintain adequate diversification and a level of cash to take advantage of opportunities 25:00 - Longer-term contracts are attractive and healthcare "is coming back" 28:50 - International REITs 31:40 - Favorite ideas: IRM, SKT

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Marketplace Roundtable #41: Retail (Real Estate) Isn't Dead, With Brad Thomas is an episode from SA Marketplace Roundtable.

This episode is 51:54 long.

This episode was published on Jul 15, 2019.

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