{"id":62876,"date":"2023-09-19T07:06:35","date_gmt":"2023-09-19T11:06:35","guid":{"rendered":"https:\/\/ifintechworld.com\/news\/its-the-best-time-in-10-years-to-buy-these-sweet-reit-bargains\/"},"modified":"2023-09-19T07:06:44","modified_gmt":"2023-09-19T11:06:44","slug":"its-the-best-time-in-10-years-to-buy-these-sweet-reit-bargains","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=62876","title":{"rendered":"It&#8217;s The Best Time In 10 Years To Buy These Sweet REIT Bargains"},"content":{"rendered":"<div data-test-id=\"content-container\">\n<p><figure class=\"getty-figure\" data-type=\"getty-image\"><picture>  <\/picture><figcaption> <\/figcaption><\/figure>\n<\/p>\n<p>The party of Wall Street appears to be ending, and Morgan Stanley&#8217;s earlier prediction that we&#8217;d get close to a new record high before falling to new lows (about 30% below record highs) appears to be coming true.<\/p>\n<p class=\"paywall-full-content invisible\">\n<figure class=\"regular-img-figure paywall-full-content invisible\" contenteditable=\"false\"><picture> <span><img decoding=\"async\" src=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/09\/47572571-16950266968627367.png\" alt=\"x\" contenteditable=\"false\" loading=\"lazy\"><\/span> <\/picture><figcaption>\n<p class=\"item-caption\"><span>Ycharts<\/span><\/p>\n<\/figcaption><\/figure>\n<\/p>\n<p class=\"paywall-full-content invisible\">The market gods have been teasing investors, letting them think that the worst was over, when the data says that most likely more pain is coming.<\/p>\n<p class=\"paywall-full-content invisible\"><strong>S&amp;P Base-Case 2024 Recession Scenario (July 2024 Recession Start, October 2024 Market Bottom)<\/strong><\/p>\n<p> <span class=\"table-responsive paywall-full-content invisible\"><span class=\"table-scroll-wrapper\"><span data-intersection-boundary=\"start\"><\/span><\/p>\n<table>\n<colgroup>\n<col>\n<col>\n<col>\n<col>\n<col> <\/colgroup>\n<tr>\n<td><strong>Earnings Decline<\/strong><\/td>\n<td><strong>S&amp;P Trough Earnings<\/strong><\/td>\n<td><strong>Historical Trough P\/E Of 14 (13 to 15 range)<\/strong><\/td>\n<td><strong>Decline From Current Level<\/strong><\/td>\n<td><strong>Peak Decline From Record Highs<\/strong><\/td>\n<\/tr>\n<tr>\n<td>0%<\/td>\n<td>276<\/td>\n<td>3863<\/td>\n<td>13.2%<\/td>\n<td>-19.8%<\/td>\n<\/tr>\n<tr>\n<td><strong>5% (consensus)<\/strong><\/td>\n<td><strong>262<\/strong><\/td>\n<td><strong>3670<\/strong><\/td>\n<td><strong>17.5%<\/strong><\/td>\n<td><strong>-23.8%<\/strong><\/td>\n<\/tr>\n<tr>\n<td>10% (Bank of America)<\/td>\n<td>248<\/td>\n<td>3477<\/td>\n<td>21.9%<\/td>\n<td>-27.8%<\/td>\n<\/tr>\n<tr>\n<td><strong>13% (historical average since WWII)<\/strong><\/td>\n<td><strong>240<\/strong><\/td>\n<td><strong>3361<\/strong><\/td>\n<td><strong>24.5%<\/strong><\/td>\n<td><strong>-30.3%<\/strong><\/td>\n<\/tr>\n<tr>\n<td>15%<\/td>\n<td>235<\/td>\n<td class=\"paywall-full-content no-summary-bullets invisible\">3284<\/td>\n<td class=\"paywall-full-content no-summary-bullets invisible\">26.2%<\/td>\n<td class=\"paywall-full-content no-summary-bullets invisible\">-31.9%<\/td>\n<\/tr>\n<tr class=\"paywall-full-content no-summary-bullets invisible\">\n<td><strong>20% (Morgan Stanley, Moody&#8217;s)<\/strong><\/td>\n<td><strong>221<\/strong><\/td>\n<td><strong>3091<\/strong><\/td>\n<td><strong>30.5%<\/strong><\/td>\n<td><strong>-35.9%<\/strong><\/td>\n<\/tr>\n<\/table>\n<p> <span data-intersection-boundary=\"end\" class=\"paywall-full-content no-summary-bullets invisible\"><\/span><\/span><button class=\"table-enlarge-button paywall-full-content no-summary-bullets invisible\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 16 16\" class=\"table-enlarge-icon\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M16 11a5 5 0 0 1-5 5H5a5 5 0 0 1-5-5V5a5 5 0 0 1 5-5h6a5 5 0 0 1 5 5v6zm-4.5-2.5h2v-6h-6v2h4v4zm-9-1h2v4h4v2h-6v-6z\"><\/path><\/svg>Click to enlarge<\/button><\/span> <\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\"><em>(Sources: FactSet, Bloomberg, DK S&amp;P Valuation Tool.)<\/em><\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">The pain for index investors could be very nasty indeed.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">The 2022 bear market might not bottom until October 2024. In fact, that is the current base-case given the data.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">That means the 2022 bear market might not end until 2025 (with a new record high) or possibly not until early 2026.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">That would put it on par with the tech crash in duration, the 2nd longest bear market in history.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">Though one whose severity at -30% peak decline is perfectly average for bear markets.<\/p>\n<p> <span class=\"table-responsive paywall-full-content invisible no-summary-bullets\"><span class=\"table-scroll-wrapper\"><span data-intersection-boundary=\"start\"><\/span><\/p>\n<table>\n<colgroup>\n<col>\n<col> <\/colgroup>\n<tr>\n<td><strong>Time Frame<\/strong><\/td>\n<td><strong>Historically Average Bear Market Bottom<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Non-Recessionary Bear Markets Since 1965<\/td>\n<td>-21% (Achieved May 20th)<\/td>\n<\/tr>\n<tr>\n<td>Median Recessionary Bear Market Since WWII<\/td>\n<td>\n<p>-24% (Citigroup base case with a mild recession) June 16th<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>Non-Recessionary Bear Markets Since 1928<\/td>\n<td>\n<p>-26% (Goldman Sachs base case with a mild recession)<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>Average Bear Markets Since WWII<\/td>\n<td>-30% (Morgan Stanley base case)<\/td>\n<\/tr>\n<tr>\n<td>Recessionary Bear Markets Since 1965<\/td>\n<td>\n<p>-36% (Bank of America recessionary base case)<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>All 140 Bear Markets Since 1792<\/td>\n<td>-37%<\/td>\n<\/tr>\n<tr>\n<td>Average Recessionary Bear Market Since 1928<\/td>\n<td>\n<p>-40% (Deutsche Bank, Bridgewater, SocGen Severe Recessionary base case, Morgan Stanley Recessionary Base Case)<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>(Sources: Ben Carlson, Bank of America, Oxford Economics, Goldman Sachs.)<\/td>\n<td> <\/td>\n<\/tr>\n<\/table>\n<p> <span data-intersection-boundary=\"end\"><\/span><\/span><button class=\"table-enlarge-button\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 16 16\" class=\"table-enlarge-icon\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M16 11a5 5 0 0 1-5 5H5a5 5 0 0 1-5-5V5a5 5 0 0 1 5-5h6a5 5 0 0 1 5 5v6zm-4.5-2.5h2v-6h-6v2h4v4zm-9-1h2v4h4v2h-6v-6z\"><\/path><\/svg>Click to enlarge<\/button><\/span> <\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">Of course, &#8220;average&#8221; bear markets never feel average. And few of us are truly 100% index investors.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">\n<figure class=\"regular-img-figure paywall-full-content invisible\" contenteditable=\"false\"><picture> <span><img decoding=\"async\" src=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/09\/47572571-16950271822979596.png\" alt=\"x\" contenteditable=\"false\" loading=\"lazy\"><\/span> <\/picture><figcaption>\n<p class=\"item-caption\"><span>Ycharts<\/span><\/p>\n<\/figcaption><\/figure>\n<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">A market of stocks, not a stock market. Just look at how utilities quickly ended their bear market in mid 2022 and are now in a brand new one.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">Look at how high-yield blue-chips (SCHD) have languished due to the regional banking crisis.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">Or look at how real estate investment trusts, or REITs, have been stuck in high rate hell for the entire time.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">\n<figure class=\"regular-img-figure paywall-full-content invisible\" contenteditable=\"false\"><picture> <span><img decoding=\"async\" src=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/09\/47572571-16950272993686767.jpg\" alt=\"x\" width=\"640\" height=\"416\" contenteditable=\"false\" data-width=\"640\" data-height=\"416\" loading=\"lazy\"><\/span> <\/picture><figcaption>\n<p class=\"item-caption\"><span>Daily Shot <\/span><\/p>\n<\/figcaption><\/figure>\n<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">REITs are now, as a sector, the most undervalued thing you can buy. In fact, REITs are the cheapest they&#8217;ve been in a decade!<\/p>\n<h2 class=\"paywall-full-content invisible no-summary-bullets\">Why The Market Is Dead Wrong About REITs Right Now<\/h2>\n<p class=\"paywall-full-content invisible no-summary-bullets\">The market likes to focus on one metric at a time, and pretend that metric is all that matters. Interest rates have been that metric for over a decade.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">\n<figure class=\"regular-img-figure paywall-full-content invisible\" contenteditable=\"false\"><picture> <span><img decoding=\"async\" src=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/09\/47572571-16950273612455313.jpg\" alt=\"x\" width=\"640\" height=\"363\" contenteditable=\"false\" data-width=\"640\" data-height=\"363\" loading=\"lazy\"><\/span> <\/picture><figcaption>\n<p class=\"item-caption\"><span>Realty Income <\/span><\/p>\n<\/figcaption><\/figure>\n<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">Realty Income Corporation (O) is a great example of how interest rates are irrelevant to the profitability of a REIT.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">Even when interest rates were as high as 7% in the 1990s Realty was able to generate consistent and healthy investment spreads.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">This is pretty much how all REITs work. Management borrows and sells shares to buy properties that it will rent out.<\/p>\n<ul class=\"paywall-full-content invisible no-summary-bullets\">\n<li>cap rate (cash yield) on property &#8211; cost of capital (borrowing cost, equity, and retained cash flow) = investment spread.<\/li>\n<\/ul>\n<p class=\"paywall-full-content invisible no-summary-bullets\">If you must obsess over one metric for REITs it&#8217;s the investment spread.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">Want proof that this is the metric that matters and interest rates are 100% irrelevant?<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\"><strong>In the Volker era 10-year yields hit 16%. <\/strong><\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">REITs were created in 1960 by Congress and Realty Income was founded in 1969.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">Realty was around and growing when rates were 16%. It&#8217;s borrowing costs at the time were close to the 20% Fed funds rate.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">Or how about Federal Realty Investment Trust (FRT)? That is the only dividend king in REITdom and was founded in 1962.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\"><em><strong>This Happened Despite 20% Borrowing Costs In 1981! <\/strong><\/em><\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">\n<figure class=\"regular-img-figure paywall-full-content invisible\" contenteditable=\"false\"><picture> <span><img decoding=\"async\" src=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/09\/47572571-16950278162750878.png\" alt=\"x\" contenteditable=\"false\" loading=\"lazy\"><\/span> <\/picture><figcaption>\n<p class=\"item-caption\"><span>Federal Realty <\/span><\/p>\n<\/figcaption><\/figure>\n<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">If interest rates are 0% and REITs like O and FRT are paying 5% cap rates (20X FFO) or interest rates are 20% and O and FRT are paying 25% cap rates and 4X FFO, the profitability of their businesses are the same.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">That is what REIT investors often forget. Just like new income investors might forget that debt is 100% irrelevant.<\/p>\n<ul class=\"paywall-full-content invisible no-summary-bullets\">\n<li>rating agencies never worry about debt<\/li>\n<li>debt\/EBITDA and interest coverage and cash flow stability are what matter most.<\/li>\n<\/ul>\n<p class=\"paywall-full-content invisible no-summary-bullets\">Ratios are what matter, not individual metrics.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">That is why it&#8217;s the best time in a decade to buy the world&#8217;s best blue-chip REITs, and here are some ideas.<\/p>\n<h2 class=\"paywall-full-content invisible no-summary-bullets\">How To Find The Best Sweet REIT Bargains Today<\/h2>\n<p class=\"paywall-full-content invisible no-summary-bullets\">From 504 stocks in the Dividend Kings Master list to four 5+% yielding non-speculative investment grade, non-speculative REITs.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">All in one minute thanks to the DK Zen Research Terminal. This is how I find all my investment ideas.<\/p>\n<p> <span class=\"table-responsive paywall-full-content invisible no-summary-bullets\"><span class=\"table-scroll-wrapper\"><span data-intersection-boundary=\"start\"><\/span><\/p>\n<table>\n<colgroup>\n<col>\n<col>\n<col>\n<col> <\/colgroup>\n<tr>\n<td><strong>Step<\/strong><\/td>\n<td><strong>Screening Criteria<\/strong><\/td>\n<td><strong>Companies Remaining<\/strong><\/td>\n<td><strong>% Of Master List<\/strong><\/td>\n<\/tr>\n<tr>\n<td>1<\/td>\n<td>&#8220;sectors&#8221; and &#8220;REITS&#8221;<\/td>\n<td>53<\/td>\n<td>10.60%<\/td>\n<\/tr>\n<tr>\n<td>2<\/td>\n<td>Non-Speculative (No Turnaround Stocks, investment grade)<\/td>\n<td>37<\/td>\n<td>7.40%<\/td>\n<\/tr>\n<tr>\n<td>3<\/td>\n<td>BHS Rating &#8220;reasonable buy, good buy, strong buy, very strong buy, ultra value buy&#8221;<\/td>\n<td>34<\/td>\n<td>6.80%<\/td>\n<\/tr>\n<tr>\n<td>4<\/td>\n<td>Investment Grade Credit Rating (BBB- or higher)<\/td>\n<td>31<\/td>\n<td>6.20%<\/td>\n<\/tr>\n<tr>\n<td>5<\/td>\n<td>Dividend Safety 81+ (very safe, 2% or less risk of cut)<\/td>\n<td>26<\/td>\n<td>5.20%<\/td>\n<\/tr>\n<tr>\n<td>6<\/td>\n<td>Yield 5+%<\/td>\n<td>6<\/td>\n<td>1.20%<\/td>\n<\/tr>\n<tr>\n<td>7<\/td>\n<td>Total Return Potential 8+% (for defensives)<\/td>\n<td>4<\/td>\n<td>0.80%<\/td>\n<\/tr>\n<tr>\n<td><strong>Total Time<\/strong><\/td>\n<td><strong>1 minute<\/strong><\/td>\n<td> <\/td>\n<td> <\/td>\n<\/tr>\n<\/table>\n<p> <span data-intersection-boundary=\"end\"><\/span><\/span><button class=\"table-enlarge-button\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 16 16\" class=\"table-enlarge-icon\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M16 11a5 5 0 0 1-5 5H5a5 5 0 0 1-5-5V5a5 5 0 0 1 5-5h6a5 5 0 0 1 5 5v6zm-4.5-2.5h2v-6h-6v2h4v4zm-9-1h2v4h4v2h-6v-6z\"><\/path><\/svg>Click to enlarge<\/button><\/span> <\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">And here they are, sweet REIT bargains, two of which are in Brad Thomas&#8217;s top 5 REIT investment ideas for September.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">I screened for credit rating because cost of capital is everything in a high rate environment. You don&#8217;t want to mess around with junk bond rated REITs that might be forced to slash dividends if rates stay higher for longer.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">\n<figure class=\"regular-img-figure paywall-full-content invisible\" contenteditable=\"false\"><picture> <span><img decoding=\"async\" src=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/09\/47572571-16950287721288157.png\" alt=\"x\" contenteditable=\"false\" loading=\"lazy\"><\/span> <\/picture><figcaption>\n<p class=\"item-caption\"><span>Dividend Kings Zen Research Terminal <\/span><\/p>\n<\/figcaption><\/figure>\n<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">I sorted these by yield and have linked to articles for further research.<\/p>\n<h4 class=\"paywall-full-content invisible no-summary-bullets\">Fundamentals Summary<\/h4>\n<ul class=\"paywall-full-content invisible no-summary-bullets\">\n<li>yield: 5.6%<\/li>\n<li>dividend safety: 91% very safe (1.45% dividend cut risk)<\/li>\n<li>overall quality: 91% medium-risk 12\/13 Super SWAN<\/li>\n<li>credit rating: BBB+ average (good cost of capital)<\/li>\n<li>long-term growth consensus: 3.6%<\/li>\n<li>long-term total return potential: 9.1%<\/li>\n<li>discount to fair value: 26% discount (very strong buy) vs 15% overvaluation on S&amp;P<\/li>\n<li>10-year valuation boost: 3.1% annually<\/li>\n<li> <strong>10-year consensus total return potential:<\/strong> 5.6% yield + 3.6% growth + 3.1% valuation boost = 12.2% = <em><strong>216% vs 130% S&amp;P 500.<\/strong><\/em> <\/li>\n<\/ul>\n<p class=\"paywall-full-content invisible no-summary-bullets\">Triply your money in a decade while locking in a very safe 5.6% yield from industry leading REITs in four different sectors.<\/p>\n<h4 class=\"paywall-full-content invisible no-summary-bullets\">Historical Returns Since 2004<\/h4>\n<p class=\"paywall-full-content invisible no-summary-bullets\">\n<figure class=\"regular-img-figure paywall-full-content invisible\" contenteditable=\"false\"><picture> <span><img decoding=\"async\" src=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/09\/47572571-16950298552326782.png\" alt=\"x\" contenteditable=\"false\" loading=\"lazy\"><\/span> <\/picture><figcaption>\n<p class=\"item-caption\"><span>Portfolio Visualizer Premium <\/span><\/p>\n<\/figcaption><\/figure>\n<figure class=\"regular-img-figure paywall-full-content invisible\" contenteditable=\"false\"><picture> <span><img decoding=\"async\" src=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/09\/47572571-1695029938741408.png\" alt=\"x\" contenteditable=\"false\" loading=\"lazy\"><\/span> <\/picture><figcaption>\n<p class=\"item-caption\"><span>Portfolio Visualizer Premium <\/span><\/p>\n<\/figcaption><\/figure>\n<figure class=\"regular-img-figure paywall-full-content invisible\" contenteditable=\"false\"><picture> <span><img decoding=\"async\" src=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/09\/47572571-16950302335116677.jpg\" alt=\"x\" width=\"640\" height=\"274\" contenteditable=\"false\" data-width=\"640\" data-height=\"274\" loading=\"lazy\"><\/span> <\/picture><figcaption>\n<p class=\"item-caption\"><span>Portfolio Visualizer Premium <\/span><\/p>\n<\/figcaption><\/figure>\n<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">VNQ&#8217;s dividend have grown at 4% annually since 2005 while these REITs have delivered 10% annual income growth.<\/p>\n<ul class=\"paywall-full-content invisible no-summary-bullets\">\n<li>today&#8217;s yield on cost:<\/li>\n<li>4 Sweet REIT bargains: 35.1%<\/li>\n<li>VNQ: 13.9%<\/li>\n<li><em><strong>future consensus income growth: 8% to 10%.<\/strong><\/em><\/li>\n<\/ul>\n<h4 class=\"paywall-full-content invisible no-summary-bullets\">Consensus Total Return Potential Through 2025<\/h4>\n<ul class=\"paywall-full-content invisible no-summary-bullets\">\n<li>if and only if each company grows as analysts expect<\/li>\n<li>and returns to historical market-determined fair value<\/li>\n<li>this is what you will make<\/li>\n<\/ul>\n<p class=\"paywall-full-content invisible no-summary-bullets\"><strong>Simon Property Group <\/strong><\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">\n<figure class=\"regular-img-figure paywall-full-content invisible\" contenteditable=\"false\"><picture> <span><img decoding=\"async\" src=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/09\/47572571-16950339501567056.png\" alt=\"x\" contenteditable=\"false\" loading=\"lazy\"><\/span> <\/picture><figcaption>\n<p class=\"item-caption\"><span>FAST Graphs, FactSet<\/span><\/p>\n<\/figcaption><\/figure>\n<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\"><strong>Realty Income <\/strong><\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">\n<figure class=\"regular-img-figure paywall-full-content invisible\" contenteditable=\"false\"><picture> <span><img decoding=\"async\" src=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/09\/47572571-16950338402402606.png\" alt=\"x\" contenteditable=\"false\" loading=\"lazy\"><\/span> <\/picture><figcaption>\n<p class=\"item-caption\"><span>FAST Graphs, FactSet<\/span><\/p>\n<\/figcaption><\/figure>\n<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\"><strong>Extra Space Storage <\/strong><\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">\n<figure class=\"regular-img-figure paywall-full-content invisible\" contenteditable=\"false\"><picture> <span><img decoding=\"async\" src=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/09\/47572571-16950337594290655.png\" alt=\"x\" contenteditable=\"false\" loading=\"lazy\"><\/span> <\/picture><figcaption>\n<p class=\"item-caption\"><span>FAST Graphs, FactSet<\/span><\/p>\n<\/figcaption><\/figure>\n<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\"><strong>Kimco Realty <\/strong><\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">\n<figure class=\"regular-img-figure paywall-full-content invisible\" contenteditable=\"false\"><picture> <span><img decoding=\"async\" src=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/09\/47572571-16950336460552208.png\" alt=\"x\" contenteditable=\"false\" loading=\"lazy\"><\/span> <\/picture><figcaption>\n<p class=\"item-caption\"><span>FAST Graphs, FactSet<\/span><\/p>\n<\/figcaption><\/figure>\n<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\"><strong>S&amp;P 500 <\/strong><\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">\n<figure class=\"regular-img-figure paywall-full-content invisible\" contenteditable=\"false\"><picture> <span><img decoding=\"async\" src=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/09\/47572571-16950335624714994.png\" alt=\"x\" contenteditable=\"false\" loading=\"lazy\"><\/span> <\/picture><figcaption>\n<p class=\"item-caption\"><span>FAST Graphs, FactSet<\/span><\/p>\n<\/figcaption><\/figure>\n<\/p>\n<h2 class=\"paywall-full-content invisible no-summary-bullets\">Bottom Line: It&#8217;s The Best Time In 10 Years To Buy REIT So Consider These Sweet Bargains<\/h2>\n<p class=\"paywall-full-content invisible no-summary-bullets\">The S&amp;P is expected to deliver around 15% total returns by the end of 2025.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">Each of these four 5+% yielding REIT blue-chips is expected to deliver 17% to 30% annual returns through 2025.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">That is the power of combining very safe high-yield with strong balance sheets and the best valuations in years.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">The REIT sector is now the most historically undervalued sector you can buy.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">And SPG, O, EXR, and KIM are the top 5+% yielding REITs with decent to strong growth prospects I can recommend right now.<\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/seekingalpha.com\/article\/4635794-its-the-best-time-in-10-years-to-buy-these-sweet-reit-bargains?source=feed_all_articles\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The party of Wall Street appears to be ending, and Morgan Stanley&#8217;s earlier prediction that we&#8217;d get close to a new record high before falling to new lows (about 30% below record highs) appears to be coming true. Ycharts The market gods have been teasing investors, letting them think that the worst was over, when [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":62877,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[236],"tags":[83],"class_list":["post-62876","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-news","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>It&#039;s The Best Time In 10 Years To Buy These Sweet REIT Bargains | iFintechWorld<\/title>\n<meta name=\"description\" content=\"The party of Wall Street appears to be ending, and Morgan Stanley&#039;s earlier prediction that we&#039;d get close to a new record high before falling to new lows\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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