Mid-America Apartment Communities is all set to announce its second-quarter earnings by the end of this month, and analysts predict a low-single-digit decline in its bottom line.
Investing in REITs is an excellent way to generate passive income.
Last year, 440,000 new apartments went on the market -- a 36-year high.
REITs look like great buys for income and upside right now.
The S&P 500 Index ($SPX ) (SPY ) Tuesday closed up +0.15%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.36%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.29%. On Tuesday, stocks...
Higher interest rates have weighed on the value of these high-quality REITs.
These companies have excellent records of paying dividends, which isn't likely to end anytime soon.
Real estate investment trusts will benefit from lower interest rates.
Mid-America Apartment Communities: Q1 Earnings Snapshot
The S&P 500 Index ($SPX ) (SPY ) Monday closed down -0.04%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.03%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.05%. Stock indexes...