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I guess that helps explain how the income from my REITs has been doing so well.

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nope 9% per year. Somewhat abouve inflation though. https://www.breit.com/performance/ But they thank you for paying their fees.

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In truth I was joking and I haven't really looked at my returns that closely. I have one ETF focused on REITs. Its expense ratio is only 0.07%. So not too bad.

Having looked into it now. I see it has lost value in the last year, but the income it produced was mostly in line with its historical performance.