What's your favorite REIT, RE, hard asset company for 2026?

[BG2008]

I shared CubeSmart a couple days ago. I think MAA, CPT are both quite cheap, not multibaggers, but good for 30-40% pops or 15+ IRR on a multiyear hold. Veris probably get sold once they cut rates down further. 

 

AIV good for liquidation if you are sitting on cash in your IRA. 

 

What else do ppl like? 

[Marco Van Basten]

2 hours ago, BG2008 said:

I shared CubeSmart a couple days ago. I think MAA, CPT are both quite cheap, not multibaggers, but good for 30-40% pops or 15+ IRR on a multiyear hold. Veris probably get sold once they cut rates down further. 

 

AIV good for liquidation if you are sitting on cash in your IRA. 

 

What else do ppl like? 

What in your opinion is in the interest of the CEO of Veris and why?  Thank you.  

[bizaro86]

In before "JOE".

 

But seriously my biggest hard asset position is JOE. Since that's well-trod ground here, I also have Melcor Developments in Canada (TSX:MRD). They own a bunch of developable land, mostly in Alberta, Canada but some elsewhere (eg Denver area). They tend to sell the lots and self-develop the commercial, so they own a bunch of retail/suburban office/mobile home park type assets. 

 

Last couple of years Alberta has grown like crazy as high house prices elsewhere in Canada pushed people to move. It also has the easiest development regime in Canada, so they can actually get the land developed, which they are doing at a reasonable pace.

 

Family control (has pros and cons) and they just bought in a previously sponsored REIT at a price I'd describe as "opportunistic". Of course that benefits parent co shareholders. 

 

Pays a couple percent in yield, trades at about 1/3 of IFRS book value (which has properties marked to "market").

 

There's some commodity price exposure here as the Alberta economy is oil-linked, although that is getting less true over time. The other benefits of Alberta (low cost of living, no sales tax, lowest income tax, etc) are causing immigration even with low oil prices.

 

 

[frommi]

I have a basket of REITs (30% of portfolio)

 

CHCT, SILA (healthcare), NNN, WPC (4-5%)

LON:BYG (self storage in UK) (3%) 

O, BNL (2-3%)
AHH, NXRT, AMT, EPRT (1-2%)

 

That is the stuff i hope i understand. 

[Spekulatius]

MAA, CPT, PSA.

[winjitsu]

Those who like MAA/CPT should check our HR.UN in Canada. Should be selling their industrial portfolio something soon and will be a pure-play Sunbelt multi-family trading at ~6% cap. 

ALX seems cheap after the debt refinancing. 

[This2ShallPass]

On 1/16/2026 at 1:59 PM, BG2008 said:

AIV good for liquidation if you are sitting on cash in your IRA. 

@BG2008 How much upside w AIV and rough timeline in your opinion? I'm sitting on lot of cash and this would be a nice option.

[BG2008]

On 1/16/2026 at 7:22 PM, bizaro86 said:

In before "JOE".

 

But seriously my biggest hard asset position is JOE. Since that's well-trod ground here, I also have Melcor Developments in Canada (TSX:MRD). They own a bunch of developable land, mostly in Alberta, Canada but some elsewhere (eg Denver area). They tend to sell the lots and self-develop the commercial, so they own a bunch of retail/suburban office/mobile home park type assets. 

 

Last couple of years Alberta has grown like crazy as high house prices elsewhere in Canada pushed people to move. It also has the easiest development regime in Canada, so they can actually get the land developed, which they are doing at a reasonable pace.

 

Family control (has pros and cons) and they just bought in a previously sponsored REIT at a price I'd describe as "opportunistic". Of course that benefits parent co shareholders. 

 

Pays a couple percent in yield, trades at about 1/3 of IFRS book value (which has properties marked to "market").

 

There's some commodity price exposure here as the Alberta economy is oil-linked, although that is getting less true over time. The other benefits of Alberta (low cost of living, no sales tax, lowest income tax, etc) are causing immigration even with low oil prices.

 

 

 

Thanks Bizaro!!! 

[BG2008]

On 1/18/2026 at 8:06 AM, Spekulatius said:

MAA, CPT, PSA.

 

I think CUBE is cheaper and higher quality by a tiny bit 

[BG2008]

On 1/18/2026 at 8:13 AM, winjitsu said:

Those who like MAA/CPT should check our HR.UN in Canada. Should be selling their industrial portfolio something soon and will be a pure-play Sunbelt multi-family trading at ~6% cap. 

ALX seems cheap after the debt refinancing. 

 

ALX is my second largest position after the debt refi, I think the shorts are quickly figuring out that it's not a good idea to short a 14 year Bloomberg bond with some non-core assets being sold off. Rego 1 could be a $10-30 special dividend and they are in advanced negotiation. What I have heard is that ALX is shorted in a basket with lazy analysis. 

[serkapon]

BN