2 REITs That Are Way More Resilient Than Tech Stocks

Tech stocks have gotten pummeled in recent months. The tech-heavy Nasdaq Composite index is down almost 30% from its recent high. Meanwhile, many other tech stocks are down even further. 

However, some tech-related real estate investment trusts (REITs) have proven to be more resilient amid the tech stock sell-off. Shares of American Tower (NYSE: AMT) and Crown Castle International (NYSE: CCI) have lost less value than tech stocks and the broader stock market, delivering negative total returns of 16% and 17%, respectively. That makes them ideally suited for investors seeking upside to the long-term trends driving tech stocks with a little less volatility during a bear market. 

American Tower's name doesn't tell the whole story. The infrastructure REIT operates a global cell tower platform and a U.S. data center business. That positions it to capitalize on several key tech trends, including digital transformation, 5G, and data mobility.  

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Source Fool.com