Growth & Total Return Weekly Chat

This is the forum for Growth & Total Return discussion on Seeking Alpha. A new chat begins every two weeks, and all previous blogs are listed in chronological succession on the main chat page. We won’t be doing any comment cleanup in the new chat, and users will always be able to refer back to previous discussions.

More on Today’s Markets:

SSR Mining Inc. (NASDAQ: SSRM), a mid-tier precious metals producer with global operations spanning North and South America and Turkey, has found itself at a critical crossroads. A typically quiet and steady gold producer has faced a storm of headwinds in recent years but may be turning a corner. After generally positive earnings report earlier this month, the stock is up around 23% in under 2 weeks. SSRM fell sharply through 2022 into early 2024 but has now gained about 4x in about a year and a half, moving from $3.98 a share at its low, to just over $16 today.

A couple of years ago we wrote that Brookfield Corporation (NYSE:BN) shares appeared deeply undervalued. Since then, they have more than doubled the total return of the S&P 500 Index (SP500). Given the significant price change and the fact that the company just released second quarter financial results, we decided to revisit the company. By the way, the shareholder letter written by Bruce Flatt is well worth a read, as he shares some interesting data on how their investing strategy is evolving.

The long-term goal for my personal portfolio is to one day live off dividends, and I primarily focus on achieving this by buying dividend growth stocks, which has led to some incredible results in the midst of this bull run. However, it’s continuing to become more and more clear to me that REITs (especially based on their current valuation) have the potential to be an incredible resource to help me achieve my goal of living off dividends. The growing negative sentiment surrounding REITs is being completely driven by recency bias. And this is exactly what is leading to such a large opportunity in the REIT market right now, and the easiest way to take advantage of this is with Realty Income (NYSE:O).

If you are an income-seeking investor, Realty Income (NYSE:O) is very likely either in your portfolio or at least on your watchlist. The company, simply offers an unbeatable combination of safety, stability, and income. The catch? Well, its performance hasn’t been something to write home about. In past 10 years, its total return was shy of 100%, whereas smaller REITs like Agree Realty (ADC) outperformed, delivering a 262% return, and offering better value to total return-seeking investors. Overall, both net-lease REITs trailed the 265% gain of the market-weighted, broader market (SP500).

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