4 REIT’s Hitting All Time Highs This Week

They all trade on the New York Stock Exchange, they all pay dividends and they all just hit new all-time highs.

These 4 real estate investment trusts had a very good year if you want to judge by the steady upward chart action culminating in their highest ever prices.

There are other REITs also trading well into year end but here are 4 just to give a quick taste of the sector’s amazing 2021 performance.

CubeSmart

CUBE
rents self storage spaces around the country. The Malvern, Pennsylvania-based corporation is one of the top 3 owners and operators of self storage sites nationally, according to the company’s website.

Earnings per share this year are off by 3.80%. The EPS growth rate for the past 5 years is 15.10%. CubeSmart’s price-earnings ratio is a steep 51. The price to sales metric sits at 15. Investors are paid 1 $1.36/share dividend which yields 2.41% annually.

Note that the weekly price chart above is beginning to show negative divergences on the relative strength indicator (RSI, above the chart) and the moving average convergence/divergence indicator (MACD, below the chart). Those are big buying volume bars in the 3rd quarter, shown along the bottom of the chart.

InvenTrust Properties did not start trading on the New York Stock Exchange until October 12th of this year. The weekly price chart shows its performance since then:

The company describes itself as a “retail REIT with a focus on acquiring grocery-anchored open-air centers in key growth markets with favorable demographics.” InvenTrust is trading at just over book value with a price-earnings ratio of 283. Shareholder equity exceeds long-term debt.

Earnings per share this year are a negative 116.10% but the past 5 years EPS rate shows an increase of 13.60%. The company pays a dividend of $.82/share for an annualized yield of 2.99%.

Life Storage buys and manages self storage facilities throughout the country with headquarters in Buffalo, New York. Until 2017, the company went by the name “Uncle Bob’s Self Storage.”

This year’s earnings per share are off by 13.60%. For the past 5 years, EPS grew at a .20% rate. The stock trades with a price-earnings ratio of 52 and at a price to book metric of 3.66.

If you own Life Storage stock, you receive a dividend of $2.96/share for a 2.01% yield. Average daily volume is a relatively light (for an NYSE-listed security) 542,000 shares.

Public Storage Trust

PSA
is based in Glendale, California and operates storage facilities all over the country and around the world. According to the company’s website, they have more than 170 million “net rentable square feet of real estate.”

Their earnings per share took a hit this year, they were down by 13.80%. The EPS growth rate for the past 5 years is .70%. Public Storage’s price-earnings ratio is 43 and it’s trading at about 12 times book. They pay investors an $8/share dividend which comes to an annualized yield of 2.19%.

Again, the main thing here is that each of these different REIT’s is trading this week at new all time high prices. Many tech stocks that stopped going up in the 3rd quarter would have like to end the year this way.

Not investment advice. For educational purposes only. Always consult with a registered investment advisor before making any decisions.