Macerich and Taubman Centers Added to the SMA Portfolio

By on January 2, 2020

Macerich one year chartRetail mall REITS Macerich (MAC) and Taubman Centers (TCO) were added to the SMA Portfolio today utilizing available cash. MAC and TCO each now hold a weighting of approximately 0.9% of the portfolio.

Mall REITS have experienced an extended bear market since 2015-2016. Both MAC and TCO sport annual yields in excess of 8 percent which appears generous in the current low yield environment.

TCO was purchased at $30 and MAC at $26.

For a spirited discussion of the prospects for the downtrodden mall REIT sector it is suggested readers visit this page at Seeking Alpha.

Disclaimer: It is very challenging to outperform a buy and hold strategy. Historically, investors have found themselves well-served over the long-term by investing regularly in a diversified portfolio of stocks or low cost, broadly diversified indexed stock funds. Information presented is based on analysis of past data and assessments by the Tactical Timing System model. Future performance may not reflect past performance. Profitable trades are not guaranteed. No system or methodology ensures stock market profits. Although accuracy is strived for, no guarantee is made regarding the accuracy of data presented.

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