The Best-Performing REITs In July
Portfolio Pulse from Ethan Roberts
July was a strong month for office REITs, with three of the top four performers coming from this sector. Hudson Pacific Properties Inc. (NYSE:HPP), Sotherly Hotels Inc. (NASDAQ:SOHO), and SL Green Realty Corp. (NYSE:SLG) were the top three performers, with gains of 38.11%, 28.93%, and 24.13% respectively. Other strong performers included Vornado Realty Trust (NYSE:VNO), Kilroy Realty Corp. (NYSE:KRC), Empire State Realty Trust Inc. (NYSE:ESRT), Uniti Inc. (NASDAQ:UNIT), Paramount Group Inc. (NYSE:PGRE), and Boston Properties Inc. (NYSE.BXP).
August 04, 2023 | 10:03 am
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POSITIVE IMPACT
Hudson Pacific Properties led all REITs in performance for July with a gain of 38.11%.
Hudson Pacific Properties' strong performance in July is likely to have a positive impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Despite mixed analyst ratings, SL Green Realty was the third best-performing REIT in July with a gain of 24.13%.
SL Green Realty's strong performance in July, despite mixed analyst ratings, is likely to have a positive impact on its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Sotherly Hotels was the second-best REIT performer in July with a gain of 28.93%.
Sotherly Hotels' strong performance in July is likely to have a positive impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100