The economic outlook remains grim, with the growing likelihood of a recession because of the still-elevated inflation and the recent banking crisis. Hence, quality REITs Gaming and Leisure Properties, Inc. (GLPI), Ladder Capital Corp (LADR), and Whitestone REIT (WSR) could be ideal investments since they offer high-yield dividends that could cushion your portfolio against any potential repercussions of an unpredictable economy.
The consumer price index (CPI) rose 0.4% in February, resulting in an annual inflation rate of 6%. Although inflation fell for the eighth consecutive month, it remains significantly higher than the Fed’s target of 2%. Continued interest rate hikes to tame stubborn inflation and recent banking woes are raising the odds of a recession this year.
