VNQ - A Once-In-A-Decade Buying Opportunity In REITs: 2 Top Picks
2024-07-02 07:45:00 ET
Summary
- REITs are the cheapest in over a decade.
- But their fundamentals have remained strong for the most part.
- We highlight two of our top picks to maximize profits in the recovery.
Co-produced by Austin Rogers.
Real estate investment trusts ("REITs") have seen punishingly poor performance during the Federal Reserve's rapid interest rate hiking cycle from 2022 to 2023.
Since the beginning of 2022, when interest rates were at their lowest point, the iShares U.S. Real Estate ETF ( IYR ) has been the second-worst performing sector of the stock market, behind only telecommunications ( IYZ )....
A Once-In-A-Decade Buying Opportunity In REITs: 2 Top Picks