As the stock market passes through mid-2024, it's vital to identify stocks for a market rally to capitalize on emerging growth trends. Here are three standout real estate investment trust (REIT) stocks.
Extra Space Storage (EXR) is likely to benefit from the high brand value, accretive buyouts and a healthy balance sheet. However, lower new customer rates and high interest rates are concerns.
Realty Income has increased its dividend 125 times since going public. Extra Space Storage has grown its payout at an outsized rate over the past decade.
Our team has been carefully researching the commercial real estate sector, and we now have more clarity on when (we believe) rates will finally decrease. Our data and reasoning suggest that a “tipping point” in the sector is imminent and that REIT investors will soon be able to “finally” capitalize on a once-in-a-lifetime capital appreciation opportunity. We fully expect the inflation rate to resume its downtrend as the year progresses.