NLCP - 3 REITs That Yield 8%+
2024-04-28 07:00:00 ET
Summary
- REIT shares have suffered due to the Federal Reserve's interest rate hikes and inflation concerns.
- Depreciated REIT prices offer higher yields, making them attractive to investors.
- NewLake Capital Partners, Healthcare Realty Trust, and Ladder Capital are three high-yielding REITs worth considering.
It’s been a while since I’ve written about high-yielding real estate investment trusts, or REITs, that still look good.
I had to go all the way back to December 16, 2022, to find a matching headline. It made me consider how far we’ve come since then.
And how far we haven’t.
Two days before I published “ 3 REIT Stocking Stuffers Yielding 8% ,” the markets were abuzz with the latest from the Federal Reserve. Reuters , for instance, wrote how it would:
3 REITs That Yield 8%+
“… deliver more interest rate hikes next year even as the economy slips towards a possible recession, Fed Chair Jerome Powell said on Wednesday, arguing that a higher cost would be paid if the U.S. central bank does not get a firmer grip on inflation.
“Recent signs of slowing inflation have not brought any confidence yet that the fight has been won, Powell told reporters after the Fed’s policy-setting committee raised its benchmark overnight interest rate by half a percentage point and projected it would continue rising to above 5% in 2023, a level not seen since a steep economic downturn in 2007…
“‘We don’t talk about this kind of recession, that kind of recession. We just make these forecasts,’ Powell said in a news conference. ‘I wish there was a completely painless way to restore price stability. There isn’t, and this is the best we can do.’”