3 Retail REITs Flashing 'Buy' for Year-End

[ETF Daily News]( December 20th, 2023 [3 Retail REITs Flashing 'Buy' for Year-End]( Amid inflation dips and interest rate hike pauses, it seems wise to consider fortifying your portfolio with robust [Real Estate Investment Trusts (REITs)]( SmartCentres Real Estate Investment Trust ([CWYUF]( – [Get Rating]( Simon Property Group, Inc. ([SPG]( – [Get Rating]( and Saul Centers, Inc. ([BFS]( – [Get Rating]( which are rated B (Buy) in our proprietary [POWR Ratings]( system. Let’s understand this in more detail. Last month, inflation edged lower due to reduced gasoline prices and a general easing of price pressures across the economy. According to the U.S. Bureau of Labor Statistics, the consumer price index in November [rose by 3.1%]( from a year earlier, indicating a slight decrease from October’s 3.2%. On top of it, the Federal Reserve paused an interest rate hike this month, further indicating at least three [rate cuts in 2024](. That said, the economic backdrop remains shrouded in uncertainty. REITs consistently distribute at least 90% of taxable income as dividends to shareholders, providing a dependable income source during turbulent periods. Their high-yield dividends could provide a shield against the potential impacts of an unpredictable economic landscape. Looking forward, the REIT market is projected to expand by $333.01 billion from 2022 to 2027, with [a CAGR of 2.8%](. Furthermore, investors’ interest in REITs is evident from the SPDR Dow Jones REIT ETF’s ([RWR]( 10.7% returns over the past month. Moreover, as the holiday season kicked off, consumer spending showed an uptick, underscoring consumer resilience. [Retail sales rose 0.3%]( in November from October, while it rose 0.6%, excluding car and gas sales. This bodes well for the retail REIT sector. In light of these trends, let’s look at the fundamentals of the three [REITs – Retail]( stocks. Stock #3: SmartCentres Real Estate Investment Trust ([CWYUF]( – [Get Rating]( One of the most fully integrated REITs in Canada, CWYUF has 191 strategically located mixed-use properties across the country that total $12.0 billion in assets. It has a 98.5% occupancy across 3,500 acres of owned Canadian property and holds 35 million square feet of income-generating retail and top-tier office space. On December 18… Continue reading at [STOCKNEWS.com]( NOTE: If URLs do not appear as live links in your e-mail program, please cut and paste the full URL into the location or address field of your browser. [Privacy Policy]( | [Terms & Conditions]( This email contains a paid advertisement.This is not a solicitation for the purchase or sale of securities. Readers are encouraged to conduct their own research and due diligence, and/or obtain professional advice, prior to making any investment decision. Advertisements and sponsorships are provided as a service to Stock News users. Stock News is not responsible for their content, services or products. The statements and opinions contained in this advertisement are not those of Stock News, and Stock News disclaims any liability for or arising from such statements and opinions. You are hereby advised that Stock News is receiving a fee as compensation for the distribution of this advertisement. [Click here to unsubscribe]( Copyright © 2023 ETF Daily News, part of StockNews.com - POWR Stock Rating, Market Outlook & Investment Insights Magnifi Communities, 1 Penn Plaza, Suite 3910, New York, NY 10019