PLD - Why I'm Buying These 2 REITs Hand Over Fist
2024-05-07 09:44:30 ET
Summary
- Real estate sector has underperformed this year, but I believe it is due to an erosion of perception, not value.
- Top real estate stocks have generally reported strong earnings results, beating estimates and raising guidance.
- Here are two top REITs to buy hand over fist.
Written by Sam Kovacs
Introduction
Real estate has been the worst performing sector year to date, with the SPDR Select Real Estate Fund ( XLRE ) declining 7.5% while the S&P 500 has increased 7.5%.
At the beginning of the year, I proclaimed that " 2024 would be the year of the REIT ". 5 months in, and I'm starting to look like the class clown. But I do not fear, as there are things I know which mean I can sleep well at night buying the highest quality REITs.
What things do I know, you may ask? I know that in the stock market, if you're right too early, you're effectively wrong. And we've been wrong in this respect, as we've been building up our REIT positions since the second half of last year....
Why I'm Buying These 2 REITs Hand Over Fist