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REET: Global REIT ETF, 5.4% Yield, Low Price And Valuation

Published Fri, 18 Dec 2020 07:41:13 -0500 on Seeking Alpha

Seeking AlphaETF AnalysisREET: Global REIT ETF, 5.4% Yield, Low Price And ValuationDec. 18, 2020 7:41 AM ET|| About: iShares Trust - iShares Global REIT ETF (REET)by: Juan de la HozJuan de la Hoz CEF/ETF Income LaboratoryCEF/ETF income and arbitrage strategies, 8%+ portfolio yieldsSummaryREET is a global REIT index ETF.
The fund provides investors with a simple way to get exposure to REITs as an asset class, including to more uncommon international REITs.
REET offers investors comparatively strong and growing dividends and could outperform if economic conditions continue to improve.
The iShares Global REIT ETF (NYSEARCA: REET) is an index ETF investing in U.S. and international REITs.
The fund's diversified holdings and reasonably strong and growing 5.4% dividend yield make the fund a buy, especially so for income investors and retirees.
On the other hand, the fund's consistent track record of underperformance, due to its investment in underperforming international REITs, is more concerning.
I'm quite bullish about international markets so I'm willing to overlook past price weakness. Others might not be so willing, or might prefer to invest in funds focusing on U.S. REITs exclusively, and so should look elsewhere for REIT exposure. The Cohen & Steers REIT CEFs are some of the best-performing and most popular REIT CEFs, and strong alternatives to REET.
Fund Basics
Sponsor: iShares Global REIT ETF Dividend Yield: 5.42% Expense Ratio: 0.06% Total Returns CAGR 5Y: 2.12% Underlying Index: FTSE Nareit Global Real Estate Index Holdings: 315 Fund Overview
REET is a global REIT ETF administered by BlackRock, the largest investment manager and provider of ETFs in the world. The fund tracks the performance of the FTSE Nareit Global Real Estate Index, a market-capitalization weighted index meant to provide investors with global, meaning both U.S. and international, exposure to REITs. It is a broad-based index, meaning that it invests in all global... Read more