2 Solid Buys In Apartment REITs

Jul. 02, 2023 11:00 AM ETIRT, MAA, VNQ12 Comments

Summary

  • Apartment REITs have been the fourth-best performing REIT sector this year, outperforming the S&P 400 and 600.
  • Despite outstanding operating performance, apartment REITs have taken a beating on share prices over the past 12 months, creating an abundance of bargains.
  • Although multifamily housing starts and permits have increased sharply, the supply-demand picture remains favorable for apartment REITs.
  • This article highlights two leading apartment REITs expected to deliver outperformance over the next 2 to 5 years.
  • Looking for a portfolio of ideas like this one? Members of Hoya Capital Income Builder get exclusive access to our subscriber-only portfolios. Learn More »
Real estate agent giving the keys of his new house to a man

Hispanolistic

Apartment REITs as a whole have been the fourth-best performing of the 18 REIT sectors this year, outperforming the S&P 400 and 600 indexes, as well as the Dow.

Hoya Capital's most recent sector report on Apartment REITs reads in

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This article was written by

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Philip Eric Jones is a financial writer, educator, artist, and inspirational speaker. He writes about investing for retirement with a focus on Growth stocks and REITs.

He is a contributor to the investing group iREIT®+HOYA Capital. The service features a team of analysts focusing on real income-producing asset classes that offer the opportunity for reliable income, diversification, and inflation hedging. Learn More.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of IRT, CPT, VNQ either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

A Buy, Sell, or Hold rating in this article does not constitute a Buy, Sell, or Hold recommendation. All investors should exercise their own due diligence, before investing in any stock.

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IRT--
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MAA--
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VNQ--
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