2 REITs on My Radar
The financial crisis brought on by the COVID-19 pandemic this year has been rough on the real estate investment trust (REIT) sector. For a short time in the spring, the financial markets went into a bit of panic mode and started calling in loans, creating an illiquid situation for some as available credit to manage the situation deteriorated.
Mortgage REITs (and their stocks) bore the brunt of the damage, but retail REITs have also struggled because many of their tenants have been shut down due to coronavirus-related travel and health restrictions and haven't been paying rent. Things are now somewhat better settled and, while the COVID crisis isn't over, businesses are reopening and more rents are being paid.
If this recovery trend continues, these two REITs are worth keeping an eye on as potential winning investments.
Source Fool.com
