TRADE ALERT - Retirement Portfolio September 2024

Dear Landlords,

I want to extend a warm welcome to all our new members! We recommend that you start by reading our Welcome Letter by clicking here. It explains why we invest in real estate through REITs and how to get started.  

As a reminder, our most recent "Portfolio Review" was shared with the members of High Yield Landlord on September 9th, 2024, and you can read it by clicking here.

You can also access our three portfolios via Google Sheets by clicking here.

New members can start researching positions marked as Strong Buy and Buy while taking into account the corresponding risk ratings.

If you have any questions or need assistance, please let us know.

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TRADE ALERT - Retirement Portfolio September 2024

I have decided to sell our Series F preferred equity holding of Arbor Realty Trust (ABR.PR.F), earning us a 23% total return since April 2023. 

The investment has done well for us and I think that the shares are likely to keep doing just fine over the long run, but I am increasingly concerned about some aspects of Arbor Realty Trust and I ultimately decided that the risk wasn't worth the reward, especially given that there are other options that offer similar return potential with lower risk. 

Earlier this year, we posted an article entitled "My Biggest Losses & Lessons" and one of the lessons was to listen to short sellers. 

I was too quick to dismiss them when they warned investors about Medical Properties Trust (MPW)'s shady behavior and that was a mistake in hindsight as they were 100% correct. 

I don't want to make the same mistake with Arbor Realty Trust (ABR) and after giving good consideration to both sides, I have concluded that there are too many unknowns for us to keep holding it, especially in the context of our Retirement Portfolio.