The housing market and real estate stocks have understandably had a grueling 2020. According to the Urban Land Institute survey in May, economists predicted a $275 billion drop in real estate transaction volumes this year. Additionally, the Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) declined by 5.8% since the start of 2020, while the S&P 500 rose 4.7%. With that being said, there is a lot of room for specific types of real estate to do well...
For example, logistics real estate, medical office buildings, and those providing online colocation space are doing well. Additionally, shopping centers and restaurants will be opening up, and demand should rise accordingly. Here are three real estate stocks that would perform the best in such conditions. Kimco Realty Corp. (NYSE:KIM), Alexandria Real Estate Equities (NYSE:ARE) and Prologis (NYSE:PLD).
Source: InvestorPlace
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Posted by D4L | Monday, October 12, 2020 | ArticleLinks | 0 comments »- Wealth is a Journey, Dividend Stocks Can Take You There
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