3 Cheap REITs to Buy Now: May 2024
Park Hotels & Resorts(PK) InvestorPlace·2024-05-14 03:14
Real estate is the worst-performing sector, down over 5% year-to-date (YTD). Due to higher for longer rates, there has been a broad-based selloff. Investors are throwing out the baby with the bath water. And now, there are some cheap REITs to buy.The major issue for REITs has been the rise of the work-from-home phenomenon, which has increased vacancy rates. Besides, higher interest rates pose financing challenges, which has been a headwind. However, BMO Capital thinks REITs are oversold and investors should ...