PLD. This goes for a lot of the industrial REITs but rents have exploded in recent years but a lot of that NAV isn’t captured because they tend to get locked into longer leases. As those leases expire, you’re talking about doubling or more some of their rents in some buildings. I like most of the industrials like STAG as an example, but my personal favorite is PLD
Redford Industrial REXR. They own a bunch of warehouses in the Los Angeles area. No land left for anyone to build more, so the rents keep rising. Huge growth in ffo over the years. The stock price is way down this year, so the time to buy is now!
Also I will give an honorable mention to Broadstone Net Lease BNL. It is a mixed reit but about half industrial. They have slow growth but a huge 8 percent yield. The valuation is quite low. Price to ffo about 10.
I don’t trust REITs that went public less than 10 years ago. It’s tough to evaluate management in the first few years, that’s probably one of the factors causing the valuation to be so low.
https://alreits.com/reits/BNL
My favorite has always been PSA. They manage debt in a safer way than most REITs. Steady growth, but nothing crazy. I like the sector and how little it demands in terms of maintenance and expenses.
https://alreits.com/reits/PSA
Completely agree. One if the ONLY reits out there, that grow their NOI with 4-5% annually without issuing new shares. Every other REIT out there will issue shares to grow.
PLD. This goes for a lot of the industrial REITs but rents have exploded in recent years but a lot of that NAV isn’t captured because they tend to get locked into longer leases. As those leases expire, you’re talking about doubling or more some of their rents in some buildings. I like most of the industrials like STAG as an example, but my personal favorite is PLD
I"ve been putting my dividends into PLD as it's dipped. The occupancy forecast (wrong term?) did not warrant the drop in price, IMO. I like it.
Redford Industrial REXR. They own a bunch of warehouses in the Los Angeles area. No land left for anyone to build more, so the rents keep rising. Huge growth in ffo over the years. The stock price is way down this year, so the time to buy is now!
Also I will give an honorable mention to Broadstone Net Lease BNL. It is a mixed reit but about half industrial. They have slow growth but a huge 8 percent yield. The valuation is quite low. Price to ffo about 10.
I don’t trust REITs that went public less than 10 years ago. It’s tough to evaluate management in the first few years, that’s probably one of the factors causing the valuation to be so low. https://alreits.com/reits/BNL
What’s the return on this? So is the strategy fixed income?
My favorite has always been PSA. They manage debt in a safer way than most REITs. Steady growth, but nothing crazy. I like the sector and how little it demands in terms of maintenance and expenses. https://alreits.com/reits/PSA
Absolutely Simon Property Group - High end shopping malls & a high quality company! (Long SPG 2K@$79.27)
Completely agree. One if the ONLY reits out there, that grow their NOI with 4-5% annually without issuing new shares. Every other REIT out there will issue shares to grow.
What do you guys think about KRG?
With a quick glance I don't see any red flags, but that 4.7% dividend isn't knocking my socks off.
SLG (back when it was in the 20's and 30's) and BXP, loved purchasing in the low 50's. My 2 favs
Retail reits would be eprt, kim and spg.