Double pair trade: Long DLR & IRM vs. short VNQ
2% Long DLR @ $142.49
2% Long IRM @ $27.07
5% Short VNQ @ $81.48
I did this trade last week and closed it for a really modest gain, 0.25%. With DLR and IRM underperforming VNQ again the last few days - it's time to put it back on.
DLR and IRM are not typical REITs. They don't have issues with customers paying rent. They are digital landlords who benefit from more things going online - digital storage, servers, etc.
VNQ, the Vanguard REIT ETF, has exposure to tenants not paying rent because customers aren't shopping or using office space.
The difference is very important. And the reason I'm confident in the trade.
2% Long DLR @ $142.49
2% Long IRM @ $27.07
5% Short VNQ @ $81.48
I did this trade last week and closed it for a really modest gain, 0.25%. With DLR and IRM underperforming VNQ again the last few days - it's time to put it back on.
DLR and IRM are not typical REITs. They don't have issues with customers paying rent. They are digital landlords who benefit from more things going online - digital storage, servers, etc.
VNQ, the Vanguard REIT ETF, has exposure to tenants not paying rent because customers aren't shopping or using office space.
The difference is very important. And the reason I'm confident in the trade.
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