What Do Some of My Favorite S&P 500 Stocks Have In Common? They're All REITs
The S&P 500 is one of the most commonly used benchmarks for a stock's performance, and for good reason. This stock market index tracks a weighted list of 500 large companies that represent about 75% of the total market cap of American exchanges, so how this index is doing says a lot about the equities markets.
So far this year, it's not been pretty. The S&P 500 is down about 18% as surging inflation and interest rates and recession fears roil the economy and worried investors pull money out of the market, taking profits that follow years of soaring share prices and creating what could be some serious bargains among these blue-chips.
Some of those bargains include real estate investment trusts (REITs), those pools of income-producing properties required by tax law to distribute at least 90% of their taxable income to shareholders. There are 31 REITs in the S&P 500 (a number about to shrink by one when Prologis completes its takeover of Duke Realty).
Source Fool.com
