Duff & Phelps U.S. REIT SMA

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Retail Separate Accounts  Alternative Real Estate

Duff & Phelps U.S. REIT SMA


Portfolio Overview

Investment Objective

Seeks attractive long-term returns by providing U.S. real estate securities exposure, emphasizing companies with revenues driven by recurring rental income.

Investment Philosophy

We believe the highest risk-adjusted returns are achieved with an investment approach that utilizes in-depth company research on high quality owners and operators of enduring commercial real estate. We favor companies with durable cash flows and experienced management.

Investment Partner

Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management pursues specialized investment strategies with exceptional depth of resources and expertise. Since its earliest beginnings, providing research and analysis of income producing securities to Depression-era investors, the firm's attention has been set on identifying attractive opportunities through active management and fundamental research, while managing the associated risks. Today, building on a distinguished legacy, Duff & Phelps has earned a reputation as a leader in investing in Global Listed Infrastructure, Global Listed Real Estate, Clean Energy, and Diversified Real Assets.

Quality. Reliability. Specialization. Since 1932.

Learn more about Duff & Phelps Investment Management Co.

Investment Professionals

Geoffrey Dybas

Geoffrey P. Dybas, CFA

Executive Managing Director, Senior Portfolio Manager and Head of Real Estate

Industry start date: 1989

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Frank Haggerty

Frank J. Haggerty, Jr., CFA

Senior Managing Director, Senior Portfolio Manager

Industry start date: 1996

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Marketing Materials

Duff & Phelps U.S. REIT SMA Fact Sheet/Commentary
DPIM U.S. REIT Strategy SMA Presentation

Risk Considerations

Equity Securities: The market price of equity securities may be adversely affected by financial market, industry, or issuer-specific events. Focus on a particular style or on small or medium-sized companies may enhance that risk.

Real Estate: The portfolio may be negatively affected by factors specific to the real estate market, including interest rates, leverage, property, and management.

Industry/Sector Concentration: A portfolio that focuses its investments in a particular industry or sector will be more sensitive to conditions that affect that industry or sector than a non-concentrated portfolio.

Market Volatility: The value of the securities in the portfolio may go up or down in response to the prospects of individual companies and/or general economic conditions. Price changes may be short- or long-term. Local, regional or global events such as war (e.g., Russia’s invasion of Ukraine), acts of terrorism, the spread of infectious illness (e.g., COVID-19 pandemic) or other public health issue, recessions, or other events could have a significant impact on the portfolio and its investments, including hampering the ability of the portfolio's manager(s) to invest the portfolio's assets as intended.