The 3 Most Undervalued REITs to Buy in July 2024
Undervalued REITs are the way to go in the current real estate environment, which is still struggling after the Federal Reserve hiked rates 11 times from 2022 to 2023 in an effort to curb inflation. Still, it continues to be above the benchmark rate of 2%. Eight publicly listed real estate investment trusts (REITs) in the U.S. increased their dividends in May, increasing the total number of U.S. REITs that have paid their dividends in the first five months of 2024 to 44. REITs for U.S. stocks have been selling at a discount, less than their net asset values. This pattern, which has remained unbroken for a few months, points to either stability or a rebound in their worth. Furthermore, despite rate rises, the average short interest in U.S. REITs has been very constant, which is encouraging for those considering underpriced REITs. Positive news for the real estate market: Freddie Mac (OTCMKTS:FMCC) noted that the U.S. needs at least 1.5 million additional homes to cover its housing shortage. At least one rate decrease by the Fed this year will also help to boost mood. If you want to cash in, now is the time to purchase undervalued REITs with at least double-digit potential.
https://investorplace.com/2024/07/the-3-most-undervalued-reits-to-buy-in-july-2024/