REIT Roundup: 10 Things You Need To Know Today
As the market jitters and recession fears loom, REITs are trying to hold their ground in a volatile market. Here are 10 updates from the REIT universe.
1. This self-storage REIT is a Wall Street cash cow, more than doubling the S&P 500's return over the past two decades. [Bisnow]
2. While growth isn't on the Public Storage level, these six REITs give a glimpse into the Atlanta real estate market. [Bisnow]
3. Moving up to Chicago, check out the city's best-performing REIT. [Crain's]
4. REITs are among the market's strongest performers, a Forbes report claims—despite fears of an oncoming recession. [Forbes]
5. While deals are still to be had, investors have to be careful before going all in, Dreyfus' portfolio manager says. [TheStreet]
6. And speaking of caution, watch out for the lodging REITs—experts fear they may fall up to 40%. [Barron's]
7. Yet $15B-plus Vornado sees "no deterioration" in the NYC office market. [TRD]
8. Meanwhile in Philly, the selling spree continues as Liberty Property Trust offloads eight properties. [PBJ]
9. Over in Singapore, REITs ride to a five-year yield high amid the market turmoil. [Reuters]
10. Check out how your favorite REITs fared in Nasdaq's Worst to First ranking. [Nasdaq]
