The great debate in real estate is whether the vacant office buildings in many cities will ever refill. But offices are now just 3.4% of the $1 trillion public market for real estate investment trusts, or REITs, and the broader REIT space isn’t as troubled, Bill Alpert writes in this week’s edition of Barron’s. With valuations laid low, there are bargains amid the rubble. AvalonBay Communities (AVB), Equity Residential (EQR), Digital Realty Trust (DLR), Equinix (EQIX), First Industrial Realty First (FR), Simon Property Group (SPG), Healthpeak Properties (PEAK), Kimco Realty (KIM), Cousins Properties (CUZ), and Highwoods Properties (HIW) are weathering the downturn and could be winners as conditions improve, the author adds.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on HIW:
- Highwoods Announces $40.2M of Non-Core Asset Sales
- Ex-Dividend Date Nearing for These 10 Stocks – Week of May 15, 2023
Questions or Comments about the article? Write to editor@tipranks.com