And the fact is, while some mall owners are having success re-leasing shuttered locations of Payless Shoe Source, RadioShack, Toys R Us and Bon-Ton Stores—just a few of the major retailers to go bankrupt last year—many still have a long way to go. The numbers tell the tale: US malls are at their lowest occupancy since 2012 (according to CNBC), with 8.6% of their floor space sitting empty. This at a time when consumer spending and GDP are exploding! The bottom line? The easy gains in mall REITs have been banked, so it’s a great time to look to these 3 cheap non-mall REITs instead...
Alexandria Real Estate Equities (NYSE:ARE) is still available for a lower price than you could snag it for in early January. But that won’t last after the trust’s second-quarter results poured in last week—a greatest-hits list that was the envy of the REIT world. Don’t let the name fool you: Boston Properties (NYSE:BXP) goes way beyond Beantown, with 164 office buildings (48.4 million square feet) in Boston, New York, Los Angeles, San Francisco and Washington, DC. STAG Industrial (NYSE:STAG) gets a lot of space in my Contrarian Outlook articles. There are several good reasons for that: the warehouse owner pays dividends monthly; offers the highest dividend yield of our 3 picks (5.2%); and delivers strong dividend growth, too (the monthly payout has jumped 18% in the last five years).
Source: InvestorPlace
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Posted by D4L | Friday, August 24, 2018 | ArticleLinks | 0 comments »________________________________________________________________
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