Despite ongoing Fed rate cuts and expectations for further easing in 2026 (which naturally would increase demand for defensive alternatives), residential REITs have had a challenging 2025. So much so that some REITs, such as Centerspace (I ventured into investing in high school in 2011, mainly in REITs, preferred stocks, and high-yield bonds, starting a fascination with markets and the economy that has not faded despite the years. More recently I have been combining long stock positions with covered calls a ...