According to industry group REIT.com, however, commercial construction is in line with levels 20 years ago, yet the economy is more than 60% larger than it was back then. That isn’t an encouraging sign. What’s more, Washington’s inability to set any economic trajectory means there’s as much risk as reward right now in REITs. You can’t blindly buy. Following are seven high-yield REITs that will break your portfolio if you are blinded simply by a juicy yield...
CBL & Associates Properties, Inc. (NYSE:CBL) manages town centers with a focus on retail space. Pennsylvania R.E.I.T. (NYSE:PEI), as its name suggests, has a pretty geographically focused portfolio of shopping malls, primarily in the Mid-Atlantic region. Rait Financial Trust (NYSE:RAS) is a different kind of REIT than you usually think about when you shop for REITs. Global Net Lease Inc (NYSE:GNL) owns, manages and operates commercial buildings in the U.S. and Europe. Most of its operations are single-company buildings. New York REIT Inc (NYSE:NYRT) was an office-focused REIT built to take advantage of the distressed properties (office and retail) in New York City. Kimco Realty Corp (NYSE:KIM) is one of the largest open air shopping mall owners in the U.S. DDR Corp (NYSE:DDR) is another open air shopping center REIT that, along with the typical troubles of brick and mortar retail.
Source: InvestorPlace
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7 High-Yield REITs That Will Break Your Portfolio
Posted by D4L | Wednesday, August 30, 2017 | ArticleLinks | 0 comments »________________________________________________________________
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