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6 Reasons To Ditch High Yield REITs

Published Mon, 21 Dec 2020 13:54:28 -0500 on Seeking Alpha

REITs | Editors' Picks6 Reasons To Ditch High Yield REITsDec. 21, 2020 1:54 PM ET|| Includes: AAT, ACC, ADC, AHH, AHT, AKR, ALEX, ALX, AMH, AMT, APLE, APTS, ARE, AVB, BDN, BFS, BHR, BRG, BRX, BXP, CBL, CCI, CDOR, CDR, CDR.PC, CHCT, CIO, CLDT, CLI, CLNY, CLPR, CMCT, COLD, CONE, COR, CORR, CPT, CSR, CTRE, CTT, CUBE, CUZ, CXP, CXW, DEA, DEI, DLR, DOC, DRE, DRH, EGP, ELS, EPR, EQC, EQIX, EQR, ESRT, ESS, EXR, FCPT, FPI, FR, FRT, FSP, GEO, GLPI, GNL, GOOD, GTY, HIW, HPP, HR, HST, HT, HTA, IIPR, ILPT, INN, INVH, IRM, IRT, JBGS, KBWY, KIM, KRC, KRG, LAMR, LAND, LANDP, LSI, LTC, LXP, MAA, MAC, MNR, MORT, MPW, NHI, NNN, NSA, NXRT, O, OFC, OHI, OUT, PCH, PDM, PEB, PEI, PFF, PGRE, PK, PLD, PLYM, PSA, PSALL, PSB, QTS, REG, RESI, REXR, RHP, RLJ, ROIC, RPAI, RPT, RYN, SAFE, SBAC, SBRA, SELF, SHO, SITC, SKT, SLG, SNR, SOHO, SOHOB, SOHON, SOHOO, SPG, SRC, STAG, STOR, SUI, TCO, TRNO, UBA, UBP, UDR, UE, UHT, UMH, UNIT, VER, VER.PF, VNO, VNO.PK, VNO.PL, VNQ, VTR, WELL, WHLR, WPC, WPG, WRE, WRI, WSR, WY, XHRby: Colorado Wealth Management FundThis article is exclusive for subscribers.Colorado Wealth Management Fund The REIT ForumThe #1 REIT Service Measured By Total ReturnsSummaryHigh-Yield equity REITs have regularly underperformed. We expect that trend to continue over the next decade.
REITs with high yields, low FFO multiples, and weak balance sheets have regularly underperformed.
Instead of focusing on those negative-growth REITs, consider a REIT with a stronger growth trajectory.
One of our recent picks is AMT. We see AMT providing investors with solid growth over the next decade that more than offsets having a lower yield.
If you think FFO or AFFO multiples are going deep enough in REIT analysis, you’re doing yourself a disservice by quitting early.
This research report was produced by The REIT Forum with assistance from Hoya Capital Real Estate.
Thanks to the success of our public series on mortgage REITs, we're testing a series on equity REITs.
... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
CBL & ASSOCIATES PROPERTIES 1.38   0.0 -0.95 0.35 27.34
PENNSYLVANIA REAL ESTATE INVESTMENT TRUST 5.68   0.0 -1.81 0.84 14.58
GEO GROUP 18.35   14.1 1.30 1.92 10.56
CORECIVIC 18.06   12.0 1.51 1.76 9.83
MACERICH 33.33   43.9 0.76 3.00 8.91
KITE REALTY GROUP TRUST 15.92   0.0 -0.27 1.27 8.07
HERSHA HOSPITALITY TRUST 15.01   0.0 -0.54 1.12 7.42
ASHFORD HOSPITALITY TRUST 3.22   0.0 -1.82 0.24 7.34
CEDAR SHOPPING CENTERS 2.87   31.9 0.09 0.20 7.30
IRON MOUNTAIN 34.14   28.4 1.20 2.44 7.29
PREFERRED APARTMENT COMMUNITIES 14.60   0.0 -1.61 1.05 7.19
GAMING AND LEISURE PROPERTIES 38.48   24.7 1.56 2.72 7.02
CITY OFFICE REIT 13.89   0.0 -0.39 0.94 6.92
OMEGA HEALTHCARE INVESTORS 41.16   32.4 1.27 2.64 6.57
GLADSTONE COMMERCIAL 23.28   1.0 0.02 1.50 6.56
CORENERGY INFRASTRUCTURE TRUST 45.81   18.6 2.47 3.00 6.44
SUMMIT HOTEL PROPERTIES 12.04   13.8 0.87 0.72 6.18
EPR PROPERTIES 77.15   22.8 3.38 4.50 5.84
BRIXMOR PROPERTY GROUP 19.68   16.5 1.19 1.12 5.68
ISHARES S&P US PREFERRED STOCK INDEX FUND 37.21   0.0 0.00 2.08 5.60
OUTFRONT MEDIA 27.33   24.4 1.12 1.44 5.59
KIMCO REALTY 20.39   25.5 0.80 1.12 5.57
PHYSICIANS REALTY TRUST 17.27   61.7 0.28 0.92 5.36
MEDICAL PROPERTIES TRUST 18.94   7.3 2.61 1.04 5.30
INDEPENDENCE REALTY TRUST 14.04   35.1 0.40 0.72 5.25
PEBBLEBROOK HOTEL TRUST 28.65   0.0 -0.41 1.52 5.23
NATIONAL HEALTH INVESTORS 82.87   23.1 3.59 4.20 5.14
BRANDYWINE REALTY TRUST 14.85   29.7 0.50 0.76 5.08
LAMAR ADVERTISING 79.74   22.2 3.60 3.84 4.98
DIAMONDROCK HOSPITALITY 9.88   22.0 0.45 0.50 4.95
ALEXANDER'S 372.10   35.2 10.57 18.00 4.87
MONMOUTH REAL ESTATE INVESTMENT 14.31   0.0 -0.03 0.68 4.86
ARMADA HOFFLER PROPERTIES 18.04   53.1 0.34 0.84 4.75
LTC PROPERTIES 49.71   18.6 2.67 2.28 4.63
HOST HOTELS & RESORTS 17.08   11.5 1.48 0.80 4.59
HEALTHCARE TRUST OF AMERICA 28.29   27.5 1.03 1.26 4.45
CORESITE REALTY 116.12   54.5 2.13 4.88 4.43
FRANKLIN STREET PROPERTIES 8.23   0.0 0.00 0.36 4.40
GETTY REALTY 32.62   27.6 1.18 1.40 4.40
HIGHWOODS PROPERTIES 45.00   35.2 1.28 1.90 4.29
LEXINGTON REALTY TRUST 10.09   8.4 1.20 0.41 4.10
PIEDMONT OFFICE REALTY TRUST 20.68   22.0 0.94 0.84 4.10
SAUL CENTERS 53.58   30.3 1.77 2.12 4.08
AMERICAN CAMPUS COMMUNITIES 47.29   78.8 0.60 1.88 4.05
POTLATCH 42.11   32.2 1.31 1.60 4.00
CARETRUST REIT 23.13   30.8 0.75 0.90 3.92
ACADIA REALTY TRUST 29.00   63.0 0.46 1.12 3.88
LIFE STORAGE 103.91   23.2 4.47 4.00 3.87
NATIONAL RETAIL PROPERTIES 54.39   35.8 1.52 2.06 3.81
CORPORATE OFFICE PROPERTIES TRUST SBI MD 29.55   20.0 1.48 1.10 3.70
REALTY INCOME 74.49   56.9 1.31 2.72 3.69
HEALTHCARE REALTY TRUST 33.37   133.5 0.25 1.20 3.68
COLUMBIA PROPERTY TRUST 21.79   41.1 0.53 0.80 3.67
CUBESMART 35.29   37.5 0.94 1.28 3.65
MACK-CALI REALTY 21.68   8.2 2.63 0.80 3.63
DIGITAL REALTY 126.53   116.1 1.09 4.32 3.38
COUSINS PROPERTIES 36.02   69.3 0.52 1.16 3.25
AGREE REALTY 72.00   40.4 1.78 2.28 3.20
PUBLIC STORAGE 249.58   29.8 8.38 8.00 3.20
ALEXANDER & BALDWIN 24.83   0.0 -1.59 0.76 3.19
EXTRA SPACE STORAGE 117.00   34.7 3.37 3.60 3.11
FEDERAL REALTY INVESTMENT TRUST 135.76   40.4 3.36 4.20 3.00
MID-AMERICA APARTMENT COMMUNITIES 128.66   62.2 2.07 3.84 3.00
EQUITY COMMONWEALTH 33.82   8.5 3.96 0.00 2.96
HUDSON PACIFIC PROPERTIES 34.33   3.0 0.01 1.00 2.96
CAMDEN PROPERTY TRUST 108.97   66.4 1.64 3.20 2.91
BOSTON PROPERTIES 133.43   39.0 3.42 3.80 2.90
AVALONBAY COMMUNITIES 209.53   31.6 6.62 6.08 2.89
EQUITY RESIDENTIAL 85.36   42.7 2.00 2.27 2.69
DUKE REALTY 32.39   49.8 0.65 0.86 2.66
ALEXANDRIA REAL ESTATE EQUITIES 153.38   44.2 3.47 4.00 2.64
PROLOGIS 84.04   31.2 2.69 2.12 2.55
CYRUSONE 74.17   0.0 -0.69 2.00 2.53
KILROY REALTY 77.34   28.9 2.68 1.94 2.52
DOUGLAS EMMETT 42.80   61.1 0.70 1.04 2.46
ESSEX PROPERTY TRUST 324.02   52.2 6.21 7.80 2.43
NEXPOINT RESIDENTIAL TRUST 46.28   0.0 -0.72 1.10 2.42
PS BUSINESS PARKS 176.15   43.3 4.07 4.20 2.41
FIRST INDUSTRIAL REALTY TRUST 39.03   34.2 1.14 0.92 2.39
EASTGROUP PROPERTIES 125.56   50.2 2.50 3.00 2.34
CIM COMMERCIAL TRUST 16.16   0.0 0.00 0.30 1.91
EQUITY LIFESTYLE PROPERTIES 132.21   44.7 2.96 2.45 1.90
AMERICAN TOWER 218.85   66.3 3.30 3.68 1.70
 

CBL & ASSOCIATES PROPERTIES - CBL
CBL & ASSOCIATES PROPERTIES - CBL  


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