Published on 5 Dec 2023 on InvestorPlace via Yahoo Finance
The 7 Best REITs Stocks to Buy in December
The realm of real estate investment trusts (REITs) has had it incredibly rough in 2023 in contrast to the S&P 500’s double-digit gains. Consequently, this environment makes selecting the best REITs a challenging task. REITs, which manage various real estate properties, have traditionally been excellent tools for portfolio diversification, especially during periods of low-interest rates. However, the landscape has shifted dramatically, with current mortgage interest rates soaring. Moreover, this rate spike is pushing the dream of home ownership and, consequently, the value of various real estate properties beyond the reach of many. Despite REITs’ usual allure of generous dividends, stemming from their obligation to distribute a whopping 90% of profits, today’s market requires a keen eye to identify the most resilient REITs in these evolving times.
Best REITs: Realty Income (O)
