March 28, 2022, 11:45 am EDT
Real Estate, The Strong Industry to Stand
Real Estate Investment Trust or REIT is one of the strong industries to stand firm against shaky markets. REIT belongs to the defensive type of investment that does not produce double digits growth in terms of earnings, sales, or performance. But, its strength is revealed in the tough markets. The strength comes from two places, steady business, and fixed-income sources. These two factors are difficult to find when the financial markets turn into bear markets.
For example, our portfolio leader, Public Storage Inc (PSA) made a fresh breakout today with +1.6% now. Not only it is the 52-week high, but PSA made another historical record high also. We bought PSA in February 2021 that accumulated more than +55% unrealized profits today. We do not plan to take profits anytime soon. Furthermore, we are looking to add one more REIT position to our portfolio. It could be EXR, PLD, CCI, DLR. Checking out these charts you may find the strength from a technical perspective as well.
