The FTSE Nareit All Equity REITs Index increased by 2.0%, and the FTSE EPRA Nareit Global Extended Index increased by 3.4% in July. This was the first time REITs experienced two consecutive months of gains since October–November 2022.
Given the solid growth trajectory, while investors could consider buying quality retail REITs Saul Centers, Inc. (BFS) and Alexander’s, Inc. (ALX), I think Realty Income Corporation (O) might be best kept on hold for the reasons discussed.
