3 Surefire REITs To Buy in a Bear Market
Wall Street has a habit of going to extremes on both the upside and downside. When pessimism reigns, you can often find some great companies trading at cheap prices. That's when you want to buy, but you need to go in with a list of names so you have the fortitude to invest when others are despondent and selling. Here are three real estate investment trusts (REITs) that you might want to pick up in the next bear market.
Realty Income (NYSE: O) has the largest net lease portfolio, with a massive 10,000 properties. This is notable because it owns single-tenant properties for which the lessee is responsible for the asset's operating costs. That's high risk at the individual property level, given that there's only one tenant, but when you spread it across a large portfolio, the risk is fairly low. Around 80% or so of rents come from retail properties, with the rest tied to warehouse and industrial assets. The REIT has been expanding its reach into Europe, as well, adding more diversification to the mix.
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Source Fool.com
