Better Real Estate Stock: Equity Residential vs. Agree Realty
It's been a rough year for real estate investment trusts (REITs), which own and lease property. Many REITs stocks are down by double-digit percentages this year, with some lower by as much as 50%, as interest rates have gone up and demand has fallen.
The two REITs that we'll discuss here, Equity Residential (NYSE: EQR) and Agree Realty (NYSE: ADC), have both performed well. But which is the better buy?
Mike Price (Equity Residential): You wouldn't know that billionaire investor Sam Zell's multifamily residential REIT was having a good year if you just looked at the stock's performance. It's down 12% year to date.
Source Fool.com