@sparbuchfeinde Abgesehen davon das Immobilien generell 'out of favor' (zurecht wohlgemerkt aufgrund der Zinskurve) sind, ist das Problem von $DEF.de zusammengefasst eher:
- Zu klein für Fonds
- Zu illiquide
- Unteressant für Yield Investoren
- Kurzfristig höherer Leerstand
@maxddc@IggyOnInvesting@evfcfaddict Why would you buy a slow growing $60B REIT that trades at 15x P/FFO, instead of a double digit compounding small cap at 10x P/FFO?
@IggyOnInvesting@evfcfaddict Yield arbitrage.
They buy small german retail centers that strictly yield ~10% while financing them for ~4%, very stable cashflows from grocery, discounters, drugstores, hardware stores etc.
The objects are too small for big funds, very low competition for a fair P/FFO rn.
Turns out that all these fancy anti-drone companies you’re invested in are worthless.
The answer to commodification is even cheaper commodification, and in the end it’s the software that coordinates the defense that wins.
@rssndv1 »The most important factor that influences the beverage industry is its customers. The premiumization trend has been real. Drink less but better.«
That’s mostly cope imo