Analysts are hopeful about a sharp rebound in REITs thanks to the mass rollout of vaccines, President Biden’s ambitious infrastructure plan and an expected return to office of millions of workers. Brookfield Asset Management Inc is a case in point highlighting the recovery in the real estate industry. Real estate investment trusts (REITs) allow investors to buy shares in real estate portfolios that receive income from various properties. They allow investors to easily participate in the real estate sector, comprised of corporations of ownership, development, residential management, commercialization, and industrial properties. However, several factors helped real estate investment trusts and the economy as a whole to stay on their feet. The perception of the market is that bond proxies such as real estate investment trusts are vulnerable in an environment of rising interest rates. Today, rates are on the rise because the economy is experiencing a V-shaped recovery.
Insider Monkey highlights the top 10 REIT stocks under $10 that can be added to one’s portfolio. Apartment Investment and Management Co is a publicly traded REIT. Levi & Korsinsky kicked off an investigation on Apartment Investment and Management Co for alleged violation of fiduciary duties. Corecivic Inc is a REIT company that owns and operates private correctional facilities on behalf of government agencies. It also provides a variety of services as part of those correctional services, including recreational, food service, work, dental and healthcare services. MFA Financial, Inc. finalized two transactions with Athene and Apollo, reducing the risk of diluting its warrants in the future. The company’s GAAP book value reduced by $0.18 as a result of the warrants exercise and repurchase. Two Harbors Investment Corp operates as a REIT, which solely invests in mortgage-backed securities in the residential segment. Diversified Healthcare Trust operates as a REIT whose investments focus on life sciences and healthcare. The company acquires and owns properties that strategically aim to leverage demographic trends, as well as properties that facilitate medical services implementation and biological breakthroughs. Read more details from Top 10 REIT Stocks Under $10.
