JamesBrey/E+ via Getty Images Shares of American Financial Group (NYSE:AFG) have been a moderate performer over the past year, rising 16% and paying out $4 in special dividends on top of its regular 2.2% dividend. After some underwriting missteps last year, it has pushed premiums up and improved results. With strong capital generation and exposure…
JasonDoiy/iStock via Getty Images By Arthur Jones, Senior Director, Global Research and Strategy The U.S. multifamily housing sector faces challenges from both overdevelopment and capital market pressures, with ongoing issues anticipated through 2025. However, solid macroeconomic fundamentals and sustained demand, particularly from younger generations favoring rentals, offer potential opportunities in the medium term for well-capitalized…
fullvalue/iStock via Getty Images NexPoint Residential Trust (NYSE:NXRT) has been rocked by rising interest rates with the common shares down 29% year-to-date to trade at its lowest level since 2018. The pullback has been material with the externally advised REIT now swapping hands at a price to trailing 12-month funds from operations of 9.01x, around…
Hispanolistic Investment Thesis Apartment Investment and Management (NYSE:AIV) is a self-administered and self-managed real estate investment trust (REIT) that is a premier owner and operator of multifamily real estate properties in select U.S. markets. As of June 30, 2023, the Company operated 26 apartment communities, 22 of which are consolidated properties with 5,640 apartment homes…
Sean Pavone/iStock via Getty Images Over the past year, the REIT sector has suffered the worst overall performance compared to other stock market sectors. Overall, the industry has declined by 23% over the past year, worse than financials and consumer discretionary, both with ~19% in losses. Over the past year, I have been vocally bearish…