3 REITs to Buy, 1 REIT to Sell in 2024

By Mark Roussin, CPA – Jan 20, 2024 at 9:34AM

NYSE: VICI

Vici Properties

Market Cap

$30B

Today's Change

(-0.28%) -$0.08

Current Price

$28.47

Price as of April 26, 2024, 4:00 p.m. ET

REITs underperformed in 2023, but they could find traction in 2024.

REITs eked out a slight gain in 2023, still drastically underperforming the S&P 500 index. The sector competed with high interest rates, but with the Federal Reserve looking to cut rates multiple times in 2024, that could be the break the real estate sector has been waiting for.

In today's video, I will discuss three REITs I am looking to buy, one being Vici Properties (VICI -0.28%), and one REIT I rate a sell.

Check out this video to learn more, subscribe to the channel, and check out the special offer in the link below.

*Stock prices used were end-of-day prices of Jan. 18, 2024. The video was published on Jan. 19, 2024.

Mark Roussin, CPA has positions in Alexandria Real Estate Equities and Vici Properties. The Motley Fool has positions in and recommends Alexandria Real Estate Equities and Rexford Industrial Realty. The Motley Fool recommends Vici Properties. The Motley Fool has a disclosure policy.

Mark Roussin is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.