2 Inflation-Resistant REITs That Are Keeping My Portfolio Afloat
The recent market turbulence has sent the S&P 500 into bear market territory, as the benchmark index is still more than 20% below its high. But that doesn't even begin to describe what has happened to some of the market's most popular growth stocks. The tech-heavy Nasdaq-100 is down by 30%, and many of 2020's and 2021's biggest winners are down by 50%, 70%, or even more.
Fortunately, my portfolio is filled with real estate investment trusts, or REITs, in addition to my substantial growth stock holdings. And some of these have performed quite well this year, handily outperforming the major indices, with my worst REIT down by "only" 25% this year. Here are two in particular that have kept my portfolio declines more palatable in 2022.
Realty Income (NYSE: O) is the first REIT I ever bought, and one that I plan to hold in my portfolio for decades to come. Not only does it have a history of excellent returns, with a 15.3% annualized total return since its 1994 NYSE listing, but Realty Income is an extremely resilient company in turbulent times, as evidenced by its recent stock performance. Since the beginning of 2022, Realty Income's total return has been negative 1% -- not too shabby in this market.
Source Fool.com
