Market Insights

We want to share our observations, perspectives and insights, to help our clients make informed decisions about their investments. In the papers listed below, we consider events, trends and marketplace changes.

Currently available whitepapers:

• AAIM REIT Fund: Investment Considerations. The AAIM REIT Fund provides investors with the following benefits: An institutionally structured, "value-oriented" investment strategy within the publicly traded U.S. real estate sector (a REIT-based investment strategy); Investment decisions based on a bottom-up fundamental research model; Structured in a "long/short" vehicle, offering potentially better risk adjusted returns than "long-only" offerings; Ability to generate greater dividend income than otherwise generally available.... » Read more...

• American Assets Real Estate Securities Fund – How AAIM Generates Alpha. General Growth Properties spin out of The Howard Hughes Company; a short story (pun intended). Background: General Growth Properties (GGP) purchased The Rouse Company in 2004, which in turn had previously purchased the Howard Hughes Company (HHC). Rouse's business was largely development of master planned communities as well as the ownership of retail centers including a portfolio of festival shopping centers like Faneuil Hall in Boston. Hughes' primary business was.... » Read more...

• Interest Rates and REIT Performance: Searching for a Correlation. We frequently receive the question "How do REIT share prices perform when interest rates increase?" This is a logical question for potential investors, as the returns associated with other fixed income oriented products, like bonds, are strongly correlated with rate changes. A change in interest rates is an uncontrollable and external factor in bond yields, and yet an increase in rates causes a plunge in bond prices. Many investors.... » Read more...

• Don't Swim Upstream: Use caution when shorting real estate stocks in a bull market. More pronounced than other sectors of the stock market (as well as the market itself), real estate stocks trade in long cycles. These cycles extend for long periods of time without a change in basic direction. We have analyzed monthly data for real estate stocks (using the NAREIT index) back to 1971 and find very interesting, repetitive trends that we incorporate into our thinking in running the.... » Read more...

Interested in our whitepapers?

We provide our clients helpful references including our whitepapers and investor updates. If you are interested in more information, wish to meet our experienced investment management team or discuss opportunities, please contact us.

Details and statements contained in our whitepapers and market insight materials do not constitute an offer to sell or a solicitation of any offer to buy or sell any securities. Such materials are for informational purposes only and their content should not be relied upon in making any investment decisions. These materials may contain forward-looking statements within the meaning of the federal securities laws which are based on current expectations, forecasts, and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. While forward-looking statements reflect American Assets Investment Management, LLC's ("AAIM") good faith beliefs, assumptions and expectations, they are not guarantees of future performance. Furthermore, AAIM disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. See our Terms of Use.