With This REIT Trending in the Right Direction, Will Its Stock Rebound?
Though retail has struggled particularly over the past year, industrial real estate has surged in demand. In this clip from Motley Fool Live, recorded on Dec. 9, Motley Fool contributors Marc Rapport, Matt Frankel, and Jason Hall discuss which REIT shows promise and is trending in the right direction despite drops in stock price.
Marc Rapport: Right now, I've been thinking a lot about Global Net Lease, GNL (NYSE:GNL). This is also a REIT, a Real Estate Investment Trust. They are small. They're not one of the big ones. But they have dropped 20% since I bought them in the summer. I think they're in a better position than it might look. They're a mix of office and industrial. They are the good, the bad, and the ugly in terms of the pandemic. It's an office, industrial, and retail. Their industrial seems to be doing pretty well. Of course office has struggled and retail struggled. They're over 50% in industrial and that's doing well. They have 312 properties. About 60% is in the U.S., rest [is] mostly in the U.K. They just bought a Walmart (NYSE:WMT) in the U.K. Their yield, I'm probably guilty of chasing yield, but I'm at the tender stage in my life work where income matters as much as growth. I want to support the income part of my portfolio. They are yielding, as of today, almost 11%, which seems dangerously high to me. Their payout ratio is over 100% right now. No, it fell. I'm sorry. I'm looking here now. It just fell to 91% in the third quarter. That's not bad. Their FFO per share has been growing. I think they show promise. As far as the stock price itself, they've recovered. They fell to about 13.5 on the first of the month. They're back up to over 15.
Source Fool.com
