Why I'm Thankful For These 3 REITs
The last year and a half have brought a lot of challenges -- a global pandemic, an economic recession, and rapidly rising inflation. It hasn't exactly been rosy. At first glance, it may not seem like there's a silver lining, but even in challenging times, there are still things to be grateful for. With Thanksgiving right around the corner, I thought it would be a great time to reflect on some of the wins I've personally had in my investment portfolio, and share why I'm thankful for these three real estate investment trusts (REITs) this year.
Federal Realty Trust (NYSE: FRT), a retail REIT that specializes in open-air shopping centers and mixed-use retail centers in high-density metro markets across the United States, was hit hard at the start of the pandemic. In the March 2020 crash, its stock plummeted as concern for the future of retail took hold of the marketplace. While it wasn't an easy year, Federal Realty Trust has made an impressive comeback. The company quickly pivoted to meet the rapid changes in the marketplace and continue to expand its portfolio while improving its existing performance.
I bought shares of FRT shortly after the crash when prices were just over half of what current share prices are trading at today. Meaning in just over a year, I was able to double my money -- something I'm definitely grateful for. While I still strongly believe in the quality of the company's portfolio, I decided to sell my shares in FRT to recapitalize my investment. Based on its latest earnings report, which shows positive growth in its funds from operations (FFO), leasing levels, and net income per share, I definitely see the momentum continuing.
Source Fool.com
