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Tag Archives: KIM

Real Estate Swap

Real estate investment trusts (REITs) have chalked up huge profits for us in recent years. Now, though, the REIT market is becoming severely overheated — and dangerous. It’s time for us to take another small defensive step.


I’m picking up a buzz of signals warning that an important stock market top is near. The latest: A climactic burst of buying in the REIT sector.

As you know, I’ve long been a fan of real etstate trusts. However, it makes me uncomfortable that so many yield-hungry investors are piling into the sector at seemingly any price. REIT valuations are becoming stretched — the likely prelude to a serious “correction.”