ARE - 3 'Mission Critical' REITs
2024-05-13 07:00:00 ET
Summary
- Many investors make the mistake of buying unsteady stocks or overpriced steady stocks, similar to the tulip mania bubble in the 1600s.
- American Tower is a cell tower REIT that plays a critical role in the world's digital infrastructure, providing the physical structure for wireless signals.
- COPT Defense Properties specializes in mission-critical office space for the US government and defense contractors.
- Alexandria Real Estate focuses on collaborative life science properties.
The term "mission critical" might sound dramatic and exciting.
Maybe it inspires the Mission Impossible theme song to start running through your mind. Or your head fills with Hollywood-style plots filled with fast cars and sleek suits.
But the truth is that mission critical assets and facilities can be nothing short of boring. And when you stop to think about it, this makes a lot of sense.
Outside of storyline, how often is a Bugatti Centodieci or Rolls-Royce Sweptail actually necessary?
Probably never, if we're being honest. No matter how beautiful those cars may be.
The vast majority of people (if not absolutely everyone) are far better off with a standard, sturdy sedan, SUV, or pickup truck....
3 'Mission Critical' REITs