Amid a sea of red, REITs have pockets of green as investors turn to traditionally defensive real estate sector. By sector, triple-net, healthcare, self-storage, and correctional/detention center are gaining.
With Vereit (VER +4.9%) and Spirit Realty (SRC +3.8%) turning in better-than-expected Q2 FFO, other triple-nets, such as Store Capital (STOR+1.6%), National Retail Properties (NNN +1.3%), and Realty Income (O+1.6%), join the advance.
Healthcare REITs also gain — Omega (OHI +1.3%), Ventas (VTR +2.1%), HCP (HCP +2.5%), Welltower (WELL +1.9%), and Medical Properties Trust (MPW +1.5%).
Add senior housing to the list of advancers — Senior Housing Properties (SNH +2.1%), New Senior Investment (SNR +0.5%), and National Health Investors (NHI +0.7%).
Self-storage stocks Public Storage (PSA +1.5%), Extra Space Storage (EXR+1.1%), and CubeSmart (CUBE +1%) pile on.
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