Apartment REITs are still cheap.
Some investors are going to yell: “I won’t buy anything related to apartments until all of the issues impacting apartments are gone.”
Wonderful. That’s how investors can pay a much higher price. It is the fear over the current issues that drove apartment REIT prices lower.
Don’t worry, I won’t just say the REITs are cheap without math. We’re not your typical analyst:
Rather than just saying it is cheap, we want to show you. This is a sector we’ve been emphasizing lately for subscribers of The REIT Forum. We want to share part of our latest housing REIT Update.
Let’s run through the apartment REITs:
|Company Name||Ticker||Div Yield||AFFO or Core Yield|
|NexPoint Residential Trust Inc||NXRT||2.85%||5.10%|
|Mid-America Apartment Communities Inc||MAA||3.26%||4.55%|
|Camden Property Trust||CPT||3.45%||4.31%|
|Essex Property Trust Inc||ESS||3.98%||5.53%|