Apartment REITs

[comlb]

They are not the highest yielders, but some people say they are among the safest income sources.

Like all the other REITs they have been taken out to the woodshed this year. And in the woodshed they remain, trading near pandemic and financial crisis prices. Yet, seemingly even Jeff Bezos cannot disintermediate having a place to live.

Avalon Bay (AVB) - yields 3.8%, 5 year avg: 3.2%

5 year div growth rate: 2.5%

Gateway cities: Northeast, CA, Pac NW, and developing Denver, Texas, and Florida

Essex (ESS)- yields 4%, 5 year avg 2.9%

5 year div growth rate: 4.9%

West Coast only: LA, SF, Seattle

Camden Property (CPT)- yields 3.2%, 5 year avg 3%

5 year div growth rate: 4%

Sunbelt, Florida, Austin, Charlotte, Houston, Phoenix, LA

[ECE Prof]

Nov 13, 2022 22:29:57 GMT comlb said:

They are not the highest yielders, but some people say they are among the safest income sources.

Like all the other REITs they have been taken out to the woodshed this year. And in the woodshed they remain, trading near pandemic and financial crisis prices. Yet, seemingly even Jeff Bezos cannot disintermediate having a place to live.

Avalon Bay (AVB) - yields 3.8%, 5 year avg: 3.2%

5 year div growth rate: 2.5%

Gateway cities: Northeast, CA, Pac NW, and developing Denver, Texas, and Florida

Essex (ESS)- yields 4%, 5 year avg 2.9%

5 year div growth rate: 4.9%

West Coast only: LA, SF, Seattle

Camden Property (CPT)- yields 3.2%, 5 year avg 3%

5 year div growth rate: 4%

Sunbelt, Florida, Austin, Charlotte, Houston, Phoenix, LA

As a rental unit owner and the father of an owner of several rental units, this yield is small and a gimmick. I will not buy these stocks. Those company owners want to use OPM with cheap money. That is essentially a big leverage. Sorry for a frank input. I do not mind taking your cash and buy another unit. Send the cash my way.

[comlb]

agree Prof, you can definitely make more running your own properties. Sadly, I do not have the time or skills to do so. Hats off to you.