2 Ultra High-Yield Stocks to Avoid Like the Plague in 2023
The office market still hasn't recovered from the pandemic. Many companies are realizing they don't need as much office space as they once did. Meanwhile, many companies are moving their offices to states that are more business-friendly or upgrading their space to higher quality buildings.
Because of that, many office-focused real estate investment trusts (REITs) are facing challenges when they seek to lease their available space as existing agreements expire. Occupancy and rental rates are under pressure, which is forcing many office landlords to consider reducing their dividends and conserve cash. That's a situation that income-focused investors should avoid this year.
Two office REITs that a couple of Motley Fool contributors believe investors should avoid in 2023 are Office Properties Income Trust (NASDAQ: OPI) and SL Green Realty (NYSE: SLG). Here's why they believe their big-time dividends are too risky for income-focused investors this year.
Source Fool.com
