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 (7059) | 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 2014, 09:36 PM Reply Like
  • freeman8201
    , contributor
    Comments (827) | Send Message
     
    what are the names Berkshire owns.
    10 Jun 2014, 04:58 AM Reply Like
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