Twitter Rumblings on the Retail Rout

Random musings on the meltdown in REIT prices:

This is a bloodletting in triple-net REITs. $VER $O $NNN.

— Charles Sizemore (@CharlesSizemore) May. 8 at 02:35 PM

Glad to see $VER buying back shares. At current prices, that's a better use of funds than buying pricey real estate:

— Charles Sizemore (@CharlesSizemore) May. 15 at 08:57 AM

If $O drops another ~$2.50, its current yield would be over 5%. That would be a nice "buy, drop in a drawer, and never look again" price.

— Charles Sizemore (@CharlesSizemore) May. 16 at 11:54 AM

Federal Realty is at a new 52-week low. The REIT has raised its dividend for 49 consecutive years. $FRT

— Eddy Elfenbein (@EddyElfenbein) May. 16 at 11:54 AM

@howardlindzon That's not the only REIT in the toilet right now. Some really good names down 20-30%.

— Charles Sizemore (@CharlesSizemore) May. 16 at 11:56 AM

@howardlindzon $O, $NNN, $STOR. All getting murdered by the "$AMZN destroying retail" narrative but all mostly Amazon proof.

— Charles Sizemore (@CharlesSizemore) May. 16 at 11:59 AM

@CharlesSizemore @howardlindzon $O doesn't have an amazon proof portfolio, and they have a large concentration in drug stores.

— DrKillinger (@DrKillinger) May. 16 at 12:06 PM

@CharlesSizemore @howardlindzon $O there are many convenience items serviced by drug stores today that are suited to the Amazon Go model

— DrKillinger (@DrKillinger) May. 16 at 12:07 PM

@CharlesSizemore @howardlindzon $O and many items sold by drug stores like cvs, walgreens, rite aid can be purchased for less on amazon.

— DrKillinger (@DrKillinger) May. 16 at 12:08 PM

@DrKillinger @howardlindzon We'll call it "Amazon resistant" rather than "Amazon proof," lol…

— Charles Sizemore (@CharlesSizemore) May. 16 at 12:25 PM