動画公開日：2023-03-19 03:58:44
I highlight 3 REITs that are at very high risk. I would sell them asap. They are not as consistent as Realty Income (O Stock) and other blue chip REITs. I discuss Tanger Factory Outlet Centers (SKT), Iron Mountain (IRM), and Public Storage (PSA). Their dividend is unlikely to be cut, but their valuations are excessive relative to other REIT investment opportunities. You can access my entire REIT Portfolio by taking a 2-week free trial to my REIT newsletter, High Yield Landlord: https://seekingalpha.com/checkout?ser… Please follow me on Twitter (Jussi Askola): https://twitter.com/askjussi and subscribe to my YouTube channel.
SKT is invested in outlet centers that will suffer from the growth of Amazon and other e-commerce companies. It will have to reinvest in its properties but their layouts are difficult to adapt and their locations are more remote than those of the Class A malls of Simon Property Group.
PSA is a high-quality self storage REIT. Great balance sheet, management team, and assets. No risk of a dividend cut. But I think that its sector is oversupplied and will suffer negative organic growth in the years ahead.
Iron Mountain is a REIT that specializes in data centers just like Digital Realty (DLR) but it also owns a large paper storage business. The market focuses on the growth of data centers, but there are significant risks looming and the valuation is excessive.
This is a sell alert for 3 REITs that are at very high risk of losses. These are not among the best dividend stocks for 2023.
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Image sources: IRM; SKT; OHI; NAREIT, YCHARTS, EPRA, Canva
#reits #dividend #passiveincome #ohi #skt
Important Disclaimer: Leonberg Capital does not hold positions in the 3 REITs discussed in this article. This video is impersonal and does not provide individualized advice or recommendations for any specific person. Viewers/readers should not make any investment decision without conducting their own due diligence and consulting their financial advisor about their specific situation. This video is for entertainment purposes only and you are responsible for your own investment decisions. The information is obtained from sources believed to be reliable, but its accuracy cannot be guaranteed. The opinions expressed are those of the publisher and are subject to change without notice. This YouTube channel is managed by Leonberg Research OÜ, a subsidiary of Leonberg Capital OÜ.
