2 High-Yield Stocks That Are Too Cheap to Ignore
Investors are in a fearful mood today. The bear market of 2022 is both a sign of that fear and a driver of it. When Wall Street is in a broad downturn like this, however, the baby can sometimes get tossed out with the bathwater. That seems to be exactly what's happening with Simon Property Group (NYSE: SPG), which is trading down nearly 38% year to date, and Federal Realty Investment Trust (NYSE: FRT), which is down about 33%.
Let's take a look at why these two leading retail real estate investment trusts (REITs) are solid long-term investments that are currently too cheap to ignore.
It's easy to hate on mall REITs since the coronavirus pandemic pushed a number of the industry's big names into bankruptcy court. Things got bad enough that even industry giant Simon Property Group ended up trimming its dividend by a hefty 40% or so. And that doesn't even take into consideration the concerns surrounding online shopping, which was an issue well before the global health crisis.
Source Fool.com
