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Unlikely winners in REITs in May

  • With a 2.91% gain in May, REITs outperformed the Dow, S&P 500, and Russell 2000, but fell shy of the Nasdaq's 3.1% gain. Leading the way for REITs were infrastructure plays, returning 6.55% thanks to strong demand from wireless carriers as they transition from 3G to 4G, writes Trepp's Susan Persin.
  • Speaking last week at NAREIT's REIT Week, Crown Castle's (CCI) Ben Moreland also noted boosted demand from first responder/public safety networks.
  • Manufactured housing REITs returned 5.03 in May, and UMH Properties management - also at REIT Week - noted shipments are low by historical standards and financing remains a challenge even with Warren Buffett being a fan of the sector: Berkshire Hathaway (BRK.A, BRK.B) owns the two dominant lenders. Other players in manufactured housing: SUI, ELS.
  • ETFs: IYR, VNQ, DRN, REZ, URE, SRS, ICF, RWR, SCHH, DRV, ROOF, KBWY, RTL, REK, FRI, FTY, PSR, IFNA, WREI
Comments (2)
  • Michael Bryant
    , contributor
    Comments (5615) | Send Message
     
    (NCT) and (NRZ) have done well compared to the market. (CVRR) has also done well, but it is not a REIT.
    9 Jun, 09:36 PM Reply Like
  • freeman8201
    , contributor
    Comments (624) | Send Message
     
    what are the names Berkshire owns.
    10 Jun, 04:58 AM Reply Like
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