動画公開日：2023-04-28 01:51:12
Warning: these 2 REITs will likely cut their dividend in 2023. Office Properties Income Trust (OPI) just cut its dividend and it caused its sahre price to crash. The Necessity Retail REIT (RTL) and Global Net Lease (GNL) could be the next REITs to cut their dividend. I explain why and highlight some other opportunities. I think that Realty Income (O), Alexandria Real Estate (ARE), Vonovia (VNA), and other high-quality REITs are much better investment opportunities in today’s environment. 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?service_id=mp_1268
GNL, just like OPI, owns a lot of single-tenant office properties. I suspect that their tenants will ask for significant tenant improvements as leases expire, forcing these REITs to cut their dividends. Their payout ratios are too high.
RTL is poorly managed, suffers conflicts of interest, has too much debt, and its dividend payout ratio is too high. In a way, it is the polar opposite of Realty Income (O).
In a previous video, I also highlighted Tanger Factory Outlets (SKT) and Omega Healthcare Investors (OHI) as other REITs that are at high risk of cutting their dividend. These are not the best REITs for 2023. Medical Properties Trust, MPW REIT, is also at high risk of cutting its dividend.
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Image sources: NAREIT, YCHARTS, EPRA, DEA, OPI, GNL, RTL, Canva
Important Disclaimer: Leonberg Capital does not hold positions in the 5 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.
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