Holds mixed-used real estate. Likes them for their locations--wealthy suburbs so it offers some protection from a downturn. Great CEO. Share are down 25% this year, but pay you to wait with a good dividend.
It last reported a good quarter and a solid full-year forecast, but rising bond yield have pressured this stock in the past month by 3%. Very well-run, holding property is the richest areas of the U.S. Operates urban mixed-use properties and open-air shopping centres.
Shopping retail REITs have a lot on the line. They are super-agressively signing up occupants for long terms. It's now one of the best environments for retail real estate. FRT just reported today a fantastic beat.