Real Estate Investment Trusts (REITs) offer a way for you to participate in the real estate market without having to buy or manage properties yourself. Here are five REITs that are worth considering in 2023.
1. Americold Realty Trust Inc (COLD)
Americold Realty Trust is the world’s largest publicly traded REIT focused on the ownership, operation, acquisition, and development of temperature-controlled warehouses. With over 1 billion cubic feet of temperature-controlled capacity, Americold owns and operates 185 facilities in the United States, Australia, New Zealand, Canada, and Argentina. The company’s revenue has been growing steadily over the years, and it is well-positioned to benefit from the increasing demand for cold storage, driven by the growth of online grocery sales.
2. FirstService Corp (FSV)
FirstService Corporation is a leader in the essential outsourced property services sector in the U.S. and Canada. Its two main service platforms are FirstService Residential, a leading manager of residential communities; and FirstService Brands, one of North America’s largest providers of essential property services delivered through individually branded franchise systems. The company has a strong track record of revenue and earnings growth, and its services are in steady demand regardless of economic conditions.
3. VICI Properties Inc (VICI)
VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality, and entertainment destinations. The company’s national, geographically diverse portfolio consists of 28 gaming facilities comprising over 47 million square feet, including the world-renowned Caesars Palace. VICI Properties’ strategy is to create the nation’s highest quality and most productive experiential real estate portfolio.
4. Essential Properties Realty Trust Inc (EPRT)
Essential Properties Realty Trust is a real estate company that acquires, owns, and manages single-tenant properties that are net leased on a long-term basis to companies operating service-oriented or experience-based businesses. As of December 31, 2022, the company’s portfolio consisted of 1,181 properties located in 46 states and totaling approximately 4.5 million rentable square feet. Its properties are leased to 271 tenants operating 496 different concepts in 17 distinct industries.
5. Equinix Inc (EQIX)
Equinix is the world’s largest IBX data center & colocation provider, offering the fastest application performance, lowest latency routes worldwide, and a digital ecosystem for financial, content or rich-media, enterprise, and cloud networks. The company operates 210 data centers in 55 markets worldwide, providing data center services to protect and connect the information assets for the enterprises, financial services companies, and many others.
In Summary
These five REITs offer a mix of stable income and growth potential. They operate in different segments of the real estate market, providing a level of diversification for investors. As always, it’s important to do your own research and consider your own investment goals and risk tolerance before making an investment decision.
