With the rising popularity of trading and investment in REITs, there are also lots of REIT securities that managed to land on stock exchanges all over the world to offer more options for investors who want to tap into the property market.
What are the best-performing REITs of 2020, then?
SITE Centers
SITE Centers, a shopping-center REIT, tops the list. You might feel a bit anxious about this one, especially with all those empty parking lots in shopping malls. The good news is that SITE Centers manages and owns open-air shopping centers usually connected with a grocery store. The online shopping trend hasn’t caused serious threats to grocery stores at the moment at least. There are many factors why SITE is one of the best REITs for 2020 and one of these is their new management team that takes advantage of the ideal credit market.
Boston Properties
There is no doubt that Boston Properties is the true king of office space with prime properties owned in New York City, Los Angeles, San Francisco, Washington D.C., and Boston. Boston Properties is among 2020’s top REITs in the trick real estate segment. Its high-quality holdings are the perfect place if you hope that the economy will rev up all over again or you just want a stake in the hottest office markets of the country. It is also nice to note the dividend that is growing really fast.
Duke Realty
As far as REIT terms are concerned, industrial space is not necessarily a factor. These are logistics facilities and distribution centers that are beyond simple warehouses. Such properties are mean to transfer goods to the consumers instead of bulk shipping to stores. It is a company that you might want to consider if you want to tap into the continuous growth of the eCommerce segment. Yield-hungry investors might like to consider Duke Realty this 2020.
Healthpeak Properties
Healthcare costs are on the rise and chances are you are using more healthcare yourself than what you used to. The main focus of Healthpeak Properties is on medical offices, life science buildings, and senior housing in Boston, San Diego, and San Francisco. The company has now made its portfolio simpler to a more diverse mix of healthcare.
Mid-America Apartment Communities
Housing has gotten more expensive that even with low mortgage rates, a homebuyer still needs to save for the 10% down payment for a median-priced house. This is why it is not a surprise that more and more families choose to rent instead of buy these days.
Mid-America Apartment Communities caters to all the sun lovers. The 305 apartment communities of the company are mainly located in the Southwest, Southeast, and Mid-Atlantic with main concentrations in North Carolina, Texas, and Florida. The company also oversees the operations of several furnished corporate apartments, too. Mid-America is best for long-term investors who want to cash in on today’s expensive housing.
These are among the best REITs that were noted for their exceptional performance this 2020.