These Were The Best Performing REITs Last Month

Benzinga04-04

Real estate investment trusts (REITs) demonstrated notable relative strength in March, with about 70% of all REITs gaining ground for the month. The Vanguard Real Estate Index Fund ETF (NYSE:VNQ), ...

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The Vanguard Real Estate Index Fund ETF (NYSE:VNQ), ...</p>\n\n<a href=\"https://finance.yahoo.com/news/were-best-performing-reits-last-194851584.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>These Were The Best Performing REITs Last Month</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThese Were The Best Performing REITs Last Month\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-04 03:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/were-best-performing-reits-last-194851584.html><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Real estate investment trusts (REITs) demonstrated notable relative strength in March, with about 70% of all REITs gaining ground for the month. The Vanguard Real Estate Index Fund ETF (NYSE:VNQ), ...</p>\n\n<a href=\"https://finance.yahoo.com/news/were-best-performing-reits-last-194851584.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0011850046.USD","symbol_name":"贝莱德全球长线股票 A2 USD","start_time":0,"source_url":"https://finance.yahoo.com/news/were-best-performing-reits-last-194851584.html","article_id":"2424871023","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/LZaAQKEs1teVJxTnUsc3TQ--~B/aD01NjM7dz0xMDAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/Benzinga/ffccb63029bfcc7c708151c8c9d2115e"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2424871023","pubTimestamp":1712173731,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Real estate investment trusts  demonstrated notable relative strength in March, with about 70% of all REITs gaining ground for the month. The Vanguard Real Estate Index Fund ETF , which includes REITs as well as other real estate-related stocks, was up 1.94%. But many REITs were notably stronger than that.Quite often the best performers are not necessarily the largest or most well-known REITs, and this was apparent over the last four weeks. Take a look at the best-performing REITs in March.Acres Commercial Realty Corp.  is a Uniondale, New York-based mortgage REIT  with a specialty of originating, holding and managing mortgage loans and other debt instruments for commercial real estate . Multifamily properties account for 80% of its lending portfolio. Acres Commercial is externally managed by ACRES Capital LLC, a subsidiary of ACRES Capital Corp.Acres Commercial has $2.2 billion in assets. Its most recent percentage of current loan portfolio payments is 98%.Creative Media & Community T","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0011850046.USD":"贝莱德全球长线股票 A2 USD","CFA":"VictoryShares US 500 Volatility Wtd ETF","SLG":"SL Green Realty Corp","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","ACR":"ACRES Commercial Realty Corp.","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","OUT":"OUTFRONT Media Inc.","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","BK4507":"流媒体概念","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","BK4533":"AQR资本管理(全球第二大对冲基金)","LU1548497426.USD":"安联环球人工智能AT Acc","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU0149725797.USD":"汇丰美国股市经济规模基金","BK4165":"安全和报警服务","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","IPO":"Renaissance IPO ETF","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","BK4501":"段永平概念","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","AAPL":"苹果","BK4588":"碎股","LU0109391861.USD":"富兰克林美国机遇基金A Acc","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","PKST":"PEAKSTONE REALTY TRUST","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0056508442.USD":"贝莱德世界科技基金A2","LU0080751232.USD":"富达环球多元动力基金A","BK4110":"抵押房地产投资信托","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","BK4099":"汽车制造商","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","CIO":"City Office REIT Inc","GEO":"GEO惩教集团","CMCT":"Creative Media & Community Trust","BK4170":"电脑硬件、储存设备及电脑周边","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","TSLA":"特斯拉","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC"},"translate_title":"这些是上个月表现最好的房地产投资信托基金","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ACR":1,"TSLA":1,"SLG":1,"PKST":1,"IPO":1,"GEO":1,"CMCT":1,"CIO":1,"CFA":1,"AAPL":1,"OUT":0.9},"content_text":"Real estate investment trusts (REITs) demonstrated notable relative strength in March, with about 70% of all REITs gaining ground for the month. The Vanguard Real Estate Index Fund ETF (NYSE:VNQ), which includes REITs as well as other real estate-related stocks, was up 1.94%. But many REITs were notably stronger than that.\nQuite often the best performers are not necessarily the largest or most well-known REITs, and this was apparent over the last four weeks. Take a look at the best-performing REITs in March. \nAcres Commercial Realty Corp. (NYSE:ACR) is a Uniondale, New York-based mortgage REIT (mREIT) with a specialty of originating, holding and managing mortgage loans and other debt instruments for commercial real estate (CRE). Multifamily properties account for 80% of its lending portfolio. Acres Commercial is externally managed by ACRES Capital LLC, a subsidiary of ACRES Capital Corp.\nAcres Commercial has $2.2 billion in assets. Its most recent percentage of current loan portfolio payments is 98%.\n On Feb. 28, Acres Commercial reported fourth-quarter earnings per share (EPS) of $0.55, beating the estimate of $0.47 handily. Revenue of $22.45 million was also ahead of the estimate of $19.6 million, although it was slightly below fourth-quarter 2022 revenue of $23.24 million.\nStrong earnings in the fourth quarter propelled Acres Commercial to lead all REITs in March with a total gain of 27.24%.\nNewLake Capital Partners Inc. (OTCMARKETS: NLCP) is a New Canaan, Connecticut-based internally managed industrial REIT with 31 properties totaling 1.7 million square feet across 12 states. NewLake Capital Partners specializes in triple-net leases to cannabis companies as well as providing capital to them when necessary. Its market cap is $369.06 million.\nNewLake was founded in 2019 and had its initial public offering (IPO) in August 2021. Its tenants include the largest companies in the cannabis industry, such as Curaleaf, Cresco Labs Inc. and Trulieve. As of March, it had a 100% occupancy rate, with an average of 14.3 years remaining on its lease terms and 2.6% annual rent escalations on 15-20 year lease terms.\nOn March 11, NewLake delivered upbeat fourth-quarter 2023 operating results. Funds from operations (FFO) of $0.51 per share beat the estimates of $0.45 per share. Revenue of $13.02 million beat the estimates of $11.41 million and its fourth-quarter 2022 revenue of $12.18 million by 6.89%.\nAnalysts are beginning to take notice of NewLake. On March 14, Compass Point analyst Merrill Ross upgraded NewLake from Neutral to Buy and announced an $18.25 price target.  \nNewLake had the second-highest total gain among all REITs in March with 20.87% \nCreative Media & Community Trust Corp. (NASDAQ:CMCT) is a Dallas-based office REIT that focuses on acquiring, operating and developing premier office, hotel and multifamily residential properties in fast growing communities. Many of its 13 properties are in Texas and California. Creative Media & Community is externally managed by CIM Group. \nCreative Media was established in 1994 and owns 403 real estate assets worth $30.7 billion. \nOn March 27, Creative Media reported its fourth-quarter operating results. FFO of $(0.72) per share, missed the estimate of $(0.48) by 50% and was 84.62% below fourth-quarter 2022 FFO of $(0.39) per share. Revenue of $29.47 million missed the estimate of $30.2 million but was a 13.92% increase over revenue of $25.87 million in the fourth quarter of 2022. \nDespite the poor results, Creative Media managed to secure a total gain of 18.33%, the third highest among all REITs.\nOutfront Media Inc. (NYSE:OUT) is a New York-based specialized REIT with 500,000 advertising displays across the largest U.S. markets. It uses billboard, digital, transit and mobile assets to showcase its clients. Outfront Media's website claims that its media reaches 70% of all Americans on a weekly basis. Outfront ahd Lamar Advertising Co. (NYSE:LAMR) are the only specialty REITs that exclusively own advertising space. \nOn Feb. 21, Outfront Media reported its fourth-quarter operating results. Adjusted funds from operations (AFFO) of $0.40 beat the estimate of $0.36 and revenue of $501.2 million beat the estimate of $495.89 million and topped fourth-quarter 2022 revenue of $494.7 million. \nAnother positive for Outfront Media was the announcement on March 19 that it will be expanding its programmatic capabilities in transit advertising across the New York City subway stations and commuter rail stations- with a potential to reach over four million daily rider trips.\nOutfront's total gain of 18.93% was the fourth best among REITs in March.\nPeakstone Realty Trust (NYSE:PKST) is an El Segundo, California-based, internally managed diversified REIT that owns and operates single-tenant office and industrial properties. Peakstone calls itself \"America's Blue-Chip Landlord\" and has a portfolio of 71 properties with 17.9 million square feet of space across 24 states in high-growth markets. Its portfolio is 96% leased. Peakstone had its IPO on April 13, 2023.\nOn Feb. 22, Peakstone Realty reported its fourth-quarter operating results. Adjusted FFO of $0.80 beat the estimates of $0.64 and revenue of $63.1 million was ahead of estimates of $63.06 million. \nSince its IPO in April 2023 at $8, Peakstone has been one of the most volatile REITs, with large gains and losses. In March, Peakstone, buoyed by its strong fourth-quarter earnings, had a total gain of 18.77%, fifth best among all REITs. \nOther REITs that performed well in March with gains between 13% and 17% include Geo Group Inc. (NYSE:GEO), SL Green Realty Corp. (NYSE:SLG) and City Office REIT Inc. (NYSE:CIO).\nExplore Opportunities Beyond REITs\nWhile publicly traded REITs offer a convenient way to invest in real estate, we believe that some of the most compelling opportunities lie in the private market. Benzinga's real estate offering screener features a curated selection of private market real estate offerings from trusted platforms with a track record of strong returns.\nWhether you’re an accredited or non-accredited investor, you can filter opportunities based on your investment criteria, including minimum investment, property type and target return. These offerings provide a unique chance to diversify your portfolio and tap into potential high-yield investments that are not available on public exchanges.\nBrowse offerings\nLatest Private Market Offerings\n\nQOZ Fund III: Realize massive tax benefits investing in a portfolio of multifamily development projects with long-term growth potential located in designated Opportunity Zones.\nGolden Leaf Farming LP: Top-tier almond and pistachio farms with a target cash yield of 13.8%\n\nDiscover these and other exclusive real estate investment opportunities on Benzinga's offering screener. Dive into the private market and uncover the potential for substantial returns beyond the public REIT market.\n\"ACTIVE INVESTORS' SECRET WEAPON\" Supercharge Your Stock Market Game with the #1 \"news & everything else\" trading tool: Benzinga Pro - Click here to start Your 14-Day Trial Now!\nGet the latest stock analysis from Benzinga?\n\nAPPLE (AAPL): Free Stock Analysis Report\nTESLA (TSLA): Free Stock Analysis Report\n\nThis article These Were The Best Performing REITs Last Month originally appeared on Benzinga.com\n© 2024 Benzinga.com. Benzinga does not provide investment advice. 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