Why These Real Estate Stocks Are Surging Today
Shares of a number of real estate investment trusts (REITS) are moving sharply higher Thursday. Here are five in particular that are up by double-digit percentages:
Prices as of 3:05 p.m. EDT. Source: yCharts.
There are two different types of companies here. Seritage Growth Properties is an equity REIT, meaning it owns and operates physical real estate assets. The other four are mortgage REITs, commonly called mREITs, which invest in real estate debt including residential mortgages and loans to commercial property owners and developers.
Source Fool.com
