The private REIT space has continued to perform in the face of bad news and down public markets. BCRED had a down month, but is still positive for the year and raised the annual dividend to 9.3%, the 2nd increase as many months. Check out the performance for September.
|Performance||August||Year to Date||Annualized Dividend Rate|
|Nuveen Global Cities REIT2||-.26%||8.78%||5.46%|
|Blackstone Private Credit3||-1.3%||1.3%||9.3%|
For reference, as of October 24th the S&P is -20.3%, the NASDQ is -30.0%, and the AGG(Bond Index) is -16.48% year to date. The AGG continues to decline, adding another 3% to the downside over the last month. While the equity indexes were basically flat. We can talk further if this is a strategy that you think could help support your overall portfolio construction.
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