דער פאַל פֿאַר ינוועסטינג אין REITs טראָץ די בלאַקקסטאָנע נייַעס

בלאַקקסטאָנע ינק (NYSE: BX), on Friday, limited withdrawals from its property fund after fears related to the health of the commercial real estate market fuelled redemptions. Still, Jim Lebenthal of Cerity Partners is not giving up on REITs.

Lebenthal advises against pulling out of REITs

Lebenthal is bullish on the real estate investment trusts because he’s convinced that interest rates have peaked even though the monthly jobs report still came in hot.

איר זוכט פֿאַר שנעל נייַעס, הייס עצות און מאַרק אַנאַליסיס?

צייכן אַרויף פֿאַר די ינוועזז נוזלעטער.

One he likes in particular is Camden Property Trust (NYSE: CPT) that’s down more than 30% versus the start of 2022.

Based in the Sun Belt, where people are coming to as they’re coming from the higher tax coastal states. They’ve been growing their business very nicely and it’s a great business model.

About a month ago, Camden said its revenue in the דריט פינאַנציעל פערטל was better-than-expected – though profit fell shy of Street estimates. Majority of the real estate funds pay a healthy dividend yield, which makes up for another reason to ינוועסטירן אין REITs.

Jenny Harrington is also bullish on REITs

Who’s also keeping constructive despite the REITs news is Jenny Harrington – the Chief Executive Officer of Gilman Hill Asset Management.

One of the reasons that she continues to see opportunity in REITs is the U.S. economy that’s keeping resilient. On CNBC’s "האַלף צייט באריכט"הרינגטאָן האָט געזאָגט:

Their underlying business are in excellent shape. In a strong economy, they produce real earnings as they’re able to increase rents. There’s enormous opportunity as they’re down so much. It’s a place you can make a lot of money in 2023.

The Bureau of Economic Analysis this week האט the U.S. economy grew at an annualised pace of 2.90% in the third quarter. As long as you’re selectively ינוועסטינג אין REITs with decent earnings growth, you should be fine, Harrington concluded.