2024-07-15 08:00:00 ET
Summary
- The stock market was enthusiastic about potential rate cuts after the latest CPI report showed inflation cooling.
- REITs are likely poised for further upside post rate cuts.
- I share two REIT picks with double-digit upside by the end of 2024.
- Realty Income and VICI Properties offer double-digit upside of 38.5% and 20.4%, respectively.
- Both REITs are up roughly 6% and 5%, respectively, since the CPI report on July 11th.
Introduction
With the CPI report that came out recently, the market seems to be enthusiastic about rate cuts coming soon. When I looked at my portfolio and saw all my REIT positions up nicely, I knew the report must have been good in the eyes of investors. However, I think REITs will see further upside once the rate cuts actually happen....
Read the full article on Seeking Alpha
For further details see:
The REIT Rally Has Started: 2 Picks That Still Offer Double-Digit Upside