The TreppWire Podcast: A Commercial Real Estate Show 301. Your 2025 REIT Playbook with David Auerbach, Hoya Capital
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Jan 14, 2025 David Auerbach, Chief Investment Officer at Hoya Capital and a veteran of the REIT industry, shares insights on navigating the current and future landscape of Real Estate Investment Trusts. He emphasizes the importance of long-term strategies and dividend growth, exploring current trends like single-family rentals and the evolution of retail spaces. Auerbach also discusses how healthcare REITs adapt to demographic changes and the critical need for diversification in investment portfolios as we approach 2025.
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Networking Pays Off
- David Auerbach's REIT career began after a disagreement with his boss about networking.
- This led him to a trading position at Green Street, a prominent REIT research firm.
REITs and Interest Rates
- REITs are currently trading like bonds, heavily influenced by the 10-year treasury rate.
- A 4% 10-year treasury yield is generally favorable for REITs, making their dividends more attractive than bonds.
REITs for Long-Term Growth
- Consider REITs for long-term investments due to their dividend growth potential.
- Reinvest dividends (DRIP) to maximize long-term returns, especially for retirement accounts.