2 Retail REITs to Buy in April
One of the most persistent characteristics of the economy over the past couple of years has been the extremely robust labor market. Unemployment is close to record lows, and workers (particularly at the lower end of the wage scale) are seeing solid salary growth. According to payroll processing firm ADP, workers saw 6.9% annual wage gains in March 2023.
Strong wage growth and increasing consumer spending tend to go hand-in-hand. While there are fears of a recession as the Fed raises interest rates, the consumer seems healthy. As long as consumer spending holds up, retail-focused real estate investment trusts (REITs) should perform well. Here are two retail REITs that investors may want to consider picking up in April.
Image source: Getty Images.
Source Fool.com
