EPRT - This Could Be The Best Time In My Lifetime To Buy REITs
2024-03-05 07:00:00 ET
Summary
- REITs have access to capital and are acquiring assets, making it a good time to invest.
- REITs historically rebound when interest rates pivot and have the potential for rent growth.
- Realty Income, Agree Realty, VICI Properties, Essential Properties Trust, and American Tower are strong picks for long-term growth and income.
As I’ve discussed many times on Seeking Alpha, I began writing in 2010 just as stocks were beginning to claw back from the Great Recession.
Prior to that time, I was a real estate developer, so I felt the pain of the meltdown firsthand.
In the real estate arena (where I have significant experience), we saw many lenders collapse in 2008 and 2009, as the financial collapse was only paralleled by the Great Depression. It also saw the end of Lehman Bros and Bear Sterns.
Keep in mind that in Great Recession markets were in complete turmoil. There was no certainty that any real estate investment trust, or REIT, would have access to capital, and that’s why we saw many REITs either cut or suspend their dividend payments.
There were just around a dozen REITs that were able to keep increasing their dividend during that period....
This Could Be The Best Time In My Lifetime To Buy REITs