Interest Rates Declining but REITs are DOWN?! | Real Estate & RS Update w/Middlefield

[@GregF-k7w]

Ive lost patience with Reits

[@ananditagangwar9988]

Read my 2 comments up or down...wherever you see them lol

[@abha801]

I exited Reits long time back😮

[@Rob-ob3sh]

My only problem with middle field and RS are the overnight offerings. Every time RS gets a little traction and the price starts to go up it gets pushed back down with the overnight offerings. I would love to buy more but I’m hesitant due to that one issue because they will not let it grow organically.

[@richardli5530]

Unfortunately, that is the game split fund management plays. Better to get out when the share price nears the NAV.

[@Rob-ob3sh]

@ I only own one split fund now as I sold my GDV last week and RS is the only one left. Gonna have to hold the bag on this one.

[@ananditagangwar9988]

Read my 2 comments up or down...wherever you see them lol

[@SebastienMigneault]

@@ananditagangwar9988 your valuable comment is nowhere. Please tell me here :)

[@PassiveIncomeInvesting]

Rob, you clearly do not understand overnight offerings and CEFs. CEFS cannot grow naturally dude because they have a set number of shares. they are not ETFs they can only grow with overnight offerings which IS ALWAYS good thing and we should ALL BE fans of. The only people who are not "fans" of OF are those who dont understand them because they are by definition GOOD. kzbin.info/www/bejne/r6KtoHiCntehj7s

[@investinggrind]

Yes, overnight offering. I'm not a big fan. Only this position I'm down almost 25% or almost $1300. I wish they would change some holdings to make it 50/50 CAD/ U.S. Comparison between RS and RMAX. YTD RS is down 13.45% vs RMAX up about a little over 5%. I think RS is too focused in CAD market, should diversify the holdings to have a little more of upside for investors.

[@ananditagangwar9988]

Read my 2 comments up or down...wherever you see them lol

[@SebastienMigneault]

RS is leveraged and RMAX is not. That's why RS is more volatile, it goes up faster, but down faster a well. Distributions are 42% higher for RS than RMAX (14% vs 9.8%), that's a LOT more. RMAX uses cover calls, RS doesn't. I think both are very good, but very different. The REITS inside (like you said) is also another major difference. I choose RS for higher yield (but higher volatility). On the long terms, we will find out...

[@PassiveIncomeInvesting]

OF are by definition always good in Canada - kzbin.info/www/bejne/r6KtoHiCntehj7s how can you not be a fan of something good?

[@princediesel1]

This is like asking a barber if you need a haircut 😂

[@SebastienMigneault]

Highly anticipated video THANKS! RS can go up or down, who cares? I get my 14% monthly distribution. I saw my old boss at the mall yesterday... HAHAHAHA they still haven't filled my position after a year.

[@PassiveIncomeInvesting]

lol whose the boss now?

[@Billsfan01]

I sold all my RS..ive had for 3 yrs no share appreciation but the monthly distributions have been consistent. I would rather put it into C.C etfs. I needed some tax loss harvesting to happen. I may buy back in but not to the degree in which i owned previously.

[@ananditagangwar9988]

Read my 2 comments up or down...wherever you see them lol

[@g59490155]

Simple, 10 year bond yield + long term growth and inflation expectation, I will leave it like that lol

[@knightday1973]

Glad I dumped mine before I lost too much. The overnight offerings keep dropping the stick price

[@ananditagangwar9988]

Read my 2 comments up or down...wherever you see them lol

[@PassiveIncomeInvesting]

kzbin.info/www/bejne/r6KtoHiCntehj7s

[@dominiquetheeasyminimalist]

Private equity/private credit firms such as Blackstone never buy properties at a premium to book value, It's the opposite. They buy way below book value and that's why they're so profitable. RS will have more overnight offerings and the NAV won't recover so quickly. I bought RS right before the BOC started cutting rates, I don't expect it to gain much in 2025 but it pays consistent distributions.

[@ananditagangwar9988]

Read my 2 comments up or down...wherever you see them lol

[@SebastienMigneault]

...same for me, I thought rate cuts would have a more positive impact on REITs. But anyways 14% distribution is excellent. What an opportunity to buy at such a low price. Low price = high yield. Low price = low risk.

[@dwaynecunningham2164]

Interesting interview. Don't hold any RS but it's always on my radar. 😎👍

[@TraderRob-b8h]

MREL has been a good pick for me

[@Ben-vs4be]

What is overnight offering? Never heard that term before

[@billcarruth8122]

If the demand for a fund is high (buyers push the price above the nav) they'll issue more shares which grows the fund. People mistake it as dilution because they didn't take the time to find out they aren't purchasing an asset, rather a derivative. It would be best to make sure are buying when the price is at or below the nav, and also that the assets under management are underpriced. This will give you the best opportunity to collect your dividends and still be able to sell down the road without taking a loss.

[@PassiveIncomeInvesting]

kzbin.info/www/bejne/r6KtoHiCntehj7s

[@climbergreg5011]

I feel bad for the people that bought RS in early 2022 when the share price was $19... not getting a good Yield at that price, and now price also down 25%. I'm waiting until share price gets closer to $10 before I think about buying anymore RS.

[@gerardclement3095]

The issue that I have is the daily volume. How do you get out without crashing the market.

[@PassiveIncomeInvesting]

its not an issue and it would not crash anything.

[@brianpereira7483]

I think canadian real estate will come back to the mean even if rates come down because it was the helicopter fiscal stimulus and rates to 0 that gave the last thrust in 2020-2022. The money is drying up.

[@fasteddie328]

I believe real estate will come back 1. when interest rate comes down a bit more and 2. a change of government would instill confidence in Canada as a whole.

[@mikamitd9943]

Congrats to another great interview 🎉 Very good contents😊

[@roberttaylor3594]

Interesting, I have MREL and SRU.UN and wondering what’s up. Based partially on this video, I think MREL is an opportunity right now.

[@roberttaylor3594]

23:00 the retirement housing sounds like a slow disaster. We need more of that!

[@user587-bba]

I don't invest in REITs at the moment because I already have a significant portion of my investment tied up in the house I currently live in.

[@fasteddie328]

I am a real estate broker in Toronto for the last 35+ years, I can say today's real estate in GTA across the board is very slow. It would be safe to say we have lots of room on the upside. I will be DCA'ing my shares of RS, it is on sale now.

[@richardli5530]

I am not so sure. When tariff hits and unemployment rate rises to north of 8% in 2025. There will be a blood bath in real estate in Canada. If you have been in real estate over 35+ years, then you would remember the blood bath between 1989 to 1996. It was a relentless drop for 7 years in real estate due to high unemployment.

[@SebastienMigneault]

@@richardli5530 There is a major housing shortage, demand is high, nothing in place for any bad. Just get some RS at 14% yield distribuition and keep forever. If it goes down or up we don't care, we get the distribution every month. Investing comes with risk.

[@emrahtestere5372]

If we experience an overall correction in sp500, reits will not be spared. I BELIEVE.

[@Papineau7614]

Very informative Thanks !

[@JulieVaudry]

Thank you for this interview. It was very informative. I really enjoyed it.

[@blackgrandpa7652]

I just buy the whole market with VCN set it and forget it i sleep better no stress 😮

[@PassiveIncomeInvesting]

why Canada when you can buy the U.S.?

[@frankinfante791]

i added during tax loss selling, hopefully it pays off

[@tderkitt]

I look to add RS here, it should do well over the next year as interest rates drop further. I hold about 10% in my cash account, yields around 14% and 98% is ROC which is non-taxable.

[@stevenchow408]

Should go up reits

[@Rob-ob3sh]

Love it got you the first thumbs up

[@upupandaway5646]

Buy Dream industrial and Canadian apartment reit 😊😊😊😊😊😊😊😊

[@wesmyone9562]

📝

[@ericmittens]

RS is my biggest holding so this is verrrry interesting to me

[@Billsfan01]

I got to ask why RS as you biggest holding..its REIT??? I am really curious.

[@PIIforever]

Very interesting choice for your largest holding. Can ask why?

[@caseyjones3839]

Really? Why??

[@ericmittens]

@@PIIforever Because Ive been averaging down on it for the last 3 years. I keep waiting for the rate cuts and REITS to pump. Slowly over time its become my largest holding

[@princediesel1]

I have been far more successful not following any of these passive income strategies, everyone should calculate what their return would be if they just purchased the S&P index and let it compound , over time it will out perform almost if not all of these

[@abha801]

Adrian started this channel to share what he buys or sells no one has to agree with him but I have been actually successful in following him again I agree or disagree on some of the holdings but overall I am aligned with Adrian. I do not hold RS any longer I sold it long time back as it never aligned with my philosphy and understanding but love my USCL and HYLD. He never said anywhere to drink the Kool aid and has been transparent about getting sponsorships. So again you can choose to disagree with his holdings but he is the GOAT.

[@princediesel1]

@ I wouldn’t consider any KZbin entertainer influencer a GOAT , 😂 , however you made my day with that one