REIT stands for real estate investment trusts. They are not stocks, but they can be purchased in much the same manner. Regardless, REITs have become popular in recent decades for a number of reasons. For example, they offer high dividends, which are very appealing for people who invest for the sake of ensuring an income stream. Likewise, while REITs are affected by the general movement of the economy as a whole, they are not perfectly in tune with such, thus making them useful for hedging purposes as well. Summed up, REITs have much to recommend them, which is why why interested individuals might want to buy and hold on to some of the best.
Here are five REITs that interested individuals can buy and then hold onto forever:
American Tower (AMT)
One of the more useful methods for finding REITs that will prove useful in the long run is to look at those that specialize in things that are likely to prove profitable for the foreseeable future. Failing that, the next best choice would be those that specialize in things that will take time to become less profitable even if they do so, which should provide investors with plenty of time to make the necessary changes. One solid example of such a REIT would be American Tower, which owns a wide range of telecommunications infrastructure in a wide range of countries. Theoretically, there might come a time when American Tower’s properties become useless, but if so, its investors should have no problems seeing something so significant coming their way.
CubeSmart offers a wide range of self-storage properties for interested individuals. For example, its portfolio includes the standard self-storage properties for consumers. However, there are other properties that cater to businesses, boat owners, and other vehicle owners as well. Regardless, CubeSmart is very reliable because self-storage is something that sees boosts in both economic booms and busts. In the former, demand rises because people are buying more possessions that must be stored. Meanwhile, in the later, demand rises because people need self-storage services for possessions that won’t fit when they move into smaller homes. On top of this, it should be mentioned that CubeSmart has various systems to make its operations even more competitive, thus making it an even better choice for interested individuals.
Gaming and Leisure Properties (GLPI)
Gaming and Leisure Properties owns dozens and dozens of casinos and other gaming properties situated throughout the United States. In recent times, casinos have been taking a hit because of how different generations react to casino attractions. However, it is important to note that casinos have been taking serious steps to correct this particular problem, which is on top of the fact that while hit, they have nonetheless managed to remain quite profitable. While there might be people who are less than enthused about investing in something related to gambling, those who are more interested in numbers should make sure to take a look at Gaming and Leisure Properties because it could make for an excellent fit for their investment priorities.
Pebblebrook Hotel Trust (PEB)
As its name states, Pebblebrook Hotel Trusts specializes in hotels. To be exact, it specializes in hotels that cater to the rich, which is one of the reasons that this REIT has proven to be so profitable in spite of its low number of properties. Suffice to say that this shows no signs of changing in the near future, which is why interested individuals might want to take a more exhaustive look at it to see whether it is suitable for them or not.
The number of seniors is increasing. As a result, it makes sense to invest in businesses that cater to seniors. Welltower caters to seniors in two ways. First, it has healthcare properties, which are interesting in that they tend to come from private-pay sources, meaning that they are insulated to a significant extent from political risk. Second, Welltower is very interested in senior housing as well, which is often connected to senior healthcare because of the increased challenges that must be confronted by said facilities. On the whole, Welltower seems like it has a pretty reliable revenue source for the foreseeable future, which is why it is a REIT that is worth paying attention to.