Top Real Estate Investment Trust (REIT) Stocks 2024
In 2023, the Real Estate Investment Trusts (REIT) saw the impact of sliding higher interest rates and tight returns. The Morningstar US Real Estate Index rose by less than 12% against last year’s 26% returns.
The REIT stocks look attractive in terms of valuation and can offer higher returns. The sector may have underperformed in the 12 months but has outperformed in the quarter. Now you can easily do online share trading using apps.
Top REIT stocks
Uniti Group
This is the highest-yielding REIT to purchase. Its main business is triple-net leases, leading to little changes in operating results. The firm has decided to grow and diversify. Diversification is through fibre construction and lease-ups where the company leases fibres to wireless carriers.
HealthPeak Properties
This is a healthcare facility listed on the top REITS. It stands to benefit from the Affordable Care Act. It focuses on providing high-quality care at lower costs. They are the best operators in the industry who can drive greater efficiencies.
Ventas
This healthcare facility is one of the best cheap REITs to buy. The pandemic was a major challenge and saw a decline in occupancy in the industry in the past two years. It aims to expand its exposure to the sector and grow.
Pebblebrook Hotel
It is the only hospitality service in the top REITs. It is the largest REIT that focuses on owning independent and boutique hotels. As of December 2018, it owns 47 upscale hotels and more than 1200 rooms located in the urban markets.
Equity Residential
It is a residential REIT and one of the best REITs to buy. It has made its portfolio focus on high-quality multi-family buildings in urban and coastal markets which allows the company to maintain high occupancy and drive rent growth.
Apartment Income
It owns large and high-quality properties in urban and submarket areas. It has changed its portfolio to reduce the multi-family building and keep its best assets. It invests in metropolitan markets which allows the company to maintain high occupancy and get rent increases.
Realty Income
This REIT needs a lower margin of safety to be considered a buy than others. It is the largest triple-net REIT in the US. It has more than 13,100 properties that house retail tenants. The dividend offered by the company is one of the most stable sources of income for investors.
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