Seek Shelter: 3 Resilient Residential REITs

Summary

• I'm considering building a new apartment community in Spartanburg, SC, driven by strong multifamily sector trends and solid absorption rates despite high new supply.
• Mid-America Apartment Communities is a resilient Sunbelt-focused apartment REIT, benefiting from job growth and investment, with a strong balance sheet and steady dividend growth.
• Invitation Homes is a single-family rental REIT with strategic homebuilder partnerships, a robust balance sheet, and consistent AFFO and dividend growth, making it a buy.
• Sun Communities excels in manufactured housing, RV communities, and marinas, with high occupancy, low turnover, and attractive valuation, maintaining a buy rating.
• Looking for a helping hand in the market? Members of iREIT®+HOYA Capital get exclusive ideas and guidance to navigate any climate. Learn More »

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Analyst’s Disclosure:I/we have a beneficial long position in the shares of MAA, SUI, IRET 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.

Author's Note: Brad Thomas is a Wall Street writer, which means he's not always right with his predictions or recommendations. Since that also applies to his grammar, please excuse any typos you may find. Also, this article is free: Written and distributed only to assist in research while providing a forum for second-level thinking.