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3 Reasons To Hunt For Value In REITs Today
AVBAvalonBay Communities(AVB) Seeking Alpha·2024-04-16 11:30
Dragon Claws Co-produced by Austin Rogers If you knew nothing about real estate investment trusts ("REITs") except their stock prices, you would assume they are bad businesses in a bad industry. Since interest rates and bond yields began trending higher in early 2022, REITs (VNQ) have underperformed the S&P 500 (SPY) on a price basis by about 36%. Data by YCharts Given how top-heavy the SPY has become, with mega-cap stocks dominating the index weighting and overall market performance, it isn't surprisin ...