If it seems odd that you're just now hearing about a company capable of printing money at such a rapid pace, it's because CTO only recently converted from a C Corp into a REIT structure just a few short months ago. Moreover, the two years in which they underperformed during high inflation were 1990 and 2007, which were both periods of specific stresses in the real estate sector. Interestingly, OPI's books don't look that bad given all of the hair-pulling over the sector.