04-23-2020, 10:11 AM
(04-23-2020, 10:00 AM)fenders53 Wrote: Any suggestions on high quality REITs to research. Say I want to own three and diversify. I am stuck with WELL for now. Was considering O on a bit more dip. So how about the third one? I realize REITs trade together generally. I just don't want to own the equivalent of "GM and F" if that makes sense.
FRT. Seriously. Dividend King (52 years of dividend growth). Their properties are in prime locations in California and NE/Mid-Atlantic. A- credit rating. AFFO grew 32% from 2015 to 2019. Although some of their tenants are retail apparel shops, they also count a lot of Whole Foods/Sprouts/Harris Teeter/Home Depot/Walmart/etc as tenants (that rent is getting paid).
Unless you think this is the end, all retail is done for permanently, and are sizing up the neighbor's tabby for the stew pot, this is once-in-a-generation value.
Their Annual Report is a good read:
https://www.federalrealty.com/investors/overview/