VICI - I Own These 5 REITs And I Sleep Like A Baby
2024-06-21 07:00:00 ET
Summary
- REITs are down almost 5% YTD and have underperformed in the past two years.
- Mid-America Apartment Communities, Realty Income, Prologis, Agree Realty, and VICI Properties are high-quality REITs with strong fundamentals.
- These REITs have well-covered and growing dividends, trading discounted, and are rated as a Buy.
I know you're going to ask me this question:
"How can anyone sleep well at night with REITs down almost 5% YTD?"
"Or even worse, REITs have underperformed over the past two years."
Even more ugly is the 2-year chart below:
Clearly, REITs don't look like "sleep well at night" ("SWAN") stocks, quite the contrary, right?
Obviously, sentiment for my favorite asset class hasn't been promising.
After all, I predicted a REIT Rally would occur in 2023 and 2024 .
Yet, no rally so far!
Just crickets.
Of course, I could just blame the Federal Reserve, the ultimate "get out of jail card"...
But I'm not making excuses...
I'll just eat some more crow...
Or maybe I'll just buy some more SWANs...
Because they're cheap.
Mid-America Apartment Communities, Inc. ( MAA )
This company is an apartment REIT with a focus on the development, acquisition, and management of multifamily communities that are primarily located in high-growth Sunbelt markets.
MAA is an S&P 500 (SP500) company that has been publicly traded for 30 years. It currently has a market cap of approximately $16.4 billion and a portfolio made up of 102,661 apartment homes spread across 16 states and the District of Columbia.
To maintain stable cash flow through all parts of the investment cycle, the company’s portfolio is diversified across price points, markets, building types, and submarkets....
I Own These 5 REITs And I Sleep Like A Baby