Thursday, May 10, 2012

REITs Set to Outperform - 3 Favorites

The recent 5% pullback in the S&P 500 brought down most sectors along for the ride lower. One sector that held up well is the REITS. The iShares REIT ETF ($ICF) only fell by 1% and is back near its multi-year high.

As the ETF lost a small portion of its value, a handful of REITs were able to continue the rally and recently hit new highs. Some of my favorites in the group are listed below.

  • Tanger Factory Outlet ($SKT) - Owns outlet stores around the country - 2.6% dividend.
  • Post Properties ($PPS) - Owns multi-family apartment buildings - 1.8% dividend.
  • Digital Realty Trust ($DLR) - Owns data centers and specialized tech centers - 3.9% dividend.

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