1 REIT Stock to Buy Before 2021
Shares of STORE Capital (NYSE: STOR) are down roughly 13% this year with a month left to go. However, that still represents a massive rally from the worst of the pandemic lockdowns in March, when the commercial real estate investment trust (REIT) suffered a more than 60% plunge from its all-time highs.
The rebound is justified. STORE Capital remains one of the best-positioned companies in a bludgeoned commercial real estate industry, and the company is already back in growth mode. I remain a buyer before 2021 gets under way.
Commercial real estate has been among the areas hardest hit by social distancing and remote work. And while STORE's portfolio is diversified, some of its tenants aren't exactly sitting on solid foundations -- including movie theaters, family entertainment, and health clubs. Others, like restaurants and retail stores, have managed to adapt and are doing OK.
Source Fool.com
