It’s a positive, generally, for the REIT sector that these 4 hit higher highs this week even as the big name tech and social media stocks have failed to achieve that kind of out- performance. That these real estate investment trusts are showing this kind of strength in advance of probable rate hikes by the Fed is at the very least, favorable. Whether such action can be sustained is another question, naturally.
Shareholders in these real estate investment trusts are being rewarded for their patience and belief. In an environment of uncertainty about how long the Fed will continue to raise rates and at what pace, these companies keep finding buyers to stay ahead of the crowd.
There are no promises made that this can continue, of course, and past performance is not a guarantee of future success. Nonetheless, take a look at the new high prices on these charts:
Corporate Office Properties Trust LP OFC is based in Columbia, Maryland and owns, manages, develops and leases office and data centers. The focus is on real estate services for the U. S. government and its defense/IT contractors. With a market capitalization of $3.1 billion, the REIT trades with a price-earnings ratio of 30 and a forward p/e of 25. Corporate Office Properties pays investors a 3.91% dividend.
Here’s the daily price chart:
Getty Realty Corporation Holding Company GTY is a net lease real estate investment trust with a focus on single tenant retail properties. The company has a history with the former Getty Oil Company involving acquisitions and spin-offs in the 80s and 90s which led to the formation of the present REIT. Market capitalization amounts to $1.63 billion. Getty Realty is trading with a price-earnings ratio of 20 and a forward p/e of 29. The company is paying a dividend of 4.86%.
The daily price chart looks like this:
Global Net Lease Inc GNL is an office REIT with a global portfolio of commercial properties focused on sale leaseback arrangements which typically involve a single tenant. Market cap is $1.46 billion. There is no price-earnings ratio since there have been no earnings over the last 12 months. Global Net Lease trades right at its book value and pays a dividend of 11.23%.
The daily price chart looks like this:
Alpine Income Property Trust Inc PINE has a market capitalization of just $234 million, relatively small when compared to other REITs in general. The company is a net lease operation with 148 properties in 38 states. It’s trading with a price earnings ratio of 8 and right at book value. Alpine Income is paying a 5.57% dividend.
The daily price chart is here:
Not investment advice. For educational purposes only.
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