5 Risky REITs to Sell Immediately, 2 Bargains to Buy Instead

If you hold any of these five risky REITs, you should sell them immediately. And put that money into two recession-proof bargains (paying up to 8%) that we’ll discuss shortly. REITs aren’t always as safe as their dividends appear on paper. Consider Investors Real Estate Trust (IRET) , which slashed its dividend by nearly half late last year. This wasn’t a sudden decision – it followed years of share declines as falling oil prices crushed rents across IRET’s markets. IRET has now lost 40% in four years and seen its high-single-digit yield reduced to less than 5%. Even IRET’s brief recovery after the dividend cut has withered away, and shares are off double digits in 2017.… Read more