5 US real estate stocks to watch in 2022

Be the First to Comment Read

5 US real estate stocks to watch in 2022

 5 US real estate stocks to watch in 2022
Image source: WHYFRAME, Shutterstock.com

Highlights 

  • The stock value of Prologis, Inc. (NYSE: PLD) jumped over 67% year-to-date.
  • The net revenue of CBRE Group Inc. (NYSE: CBRE) rose over 28% year-over-year in Q3, FY21.
  • AvalonBay Communities, Inc. (NYSE: AVB) expects its Q4, FY21 EPS to be between US$2.25 and US$2.35.

Investors typically invest in real estate stocks to receive income from a different kinds of properties. The market allows traders to invest in firms that own, develop, and manage various residential, commercial, and other related properties.

Meanwhile, real estate was one of the most affected sectors due to the pandemic, as workers throughout the world shifted to working from home as lockdown restrictions were enacted. However, as the economy is recovering from the pandemic, investors may look for stocks at a favorable price.

Here we explore some of the real estate stocks that might see growth next year as well.

Also Read: Elon Musk lands Time magazine’s person of the year for 2021

Prologis, Inc. (NYSE: PLD)

Prologis is a real estate investment trust based in San Francisco, California. It engages in investments in the logistics sector while focusing on the consumption side of the global supply chain.

The shares of the company closed at US$161.08 on December 13, up 1.26% from their closing price of December 12. Its stock’s value increased 67.72% year-to-date (YTD).

The firm has a market cap of US$119.09 billion, a P/E ratio of 60.78, and a forward one-year P/E ratio of 38.61. Its EPS is US$2.65.

The 52-week highest and lowest stock prices were US$161.11 and US$93.08, respectively. Its trading volume was 2,550,027 on December 13.

The company's total revenue was US$1.18 billion in Q3, FY21, as compared to US$1.08 billion in the same quarter of the previous year. Its net earnings attributable to common shareholders was US$722 million, or US$0.97 per diluted share, against an income of US$299 million, or US$0.40 per diluted share in Q3, FY20.

Also Read: Olympus (OHM) crypto rallies after falling for a week

Also Read: Why is Harley-Davidson's (HOG) stock rallying?

Public Storage (NYSE: PSA)

Public Storage is a self-storage firm based in Glendale, California. It runs as a real estate investment trust and is one of the major firms in its sector. In the US, it is considered one of the largest self-storage companies.

The stock of the company closed at US$355.21 on December 13, up 2.07% from its previous closing price. This was its highest closing price in the last 52 weeks. The PSA stock rose 61.31% YTD.

The market cap of the company is US$62.28 billion, the P/E ratio is 42.44, and the forward one-year P/E ratio is 27.19. Its EPS is US$8.37.

The stock saw the lowest price of US$212.22 in the last 52 weeks. Its share volume on December 13 was 811,435.

The company's revenue was US$716.05 million in Q3, FY21, up 14% from US$628.28 million in the same quarter of the previous year. Its net income attributable to common stockholders was US$442.32 million, or US$2.52 per diluted share, as compared to US$246.91 million, or US$1.41 per diluted share in Q3, FY20.

Also Read: Arena Pharmaceuticals (ARNA) jumps 95% on $6.7B Pfizer acquisition

Simon Property Group, Inc. (NYSE: SPG)

Simon Property is a real estate investment trust that focuses on investments in shopping malls, outlet centers, and other related properties. It is based out of Indianapolis, Indiana.

The shares of the company closed at US$151.10 on December 13, down by 0.87% from their closing price of December 12. Its stock’s value increased by 82.47% YTD.

The firm has a market cap of US$49.65 billion, a P/E ratio of 24.49, and a forward one-year P/E ratio of 13.01. Its EPS is US$6.17.

The 52-week highest and lowest stock prices were US$171.12 and US$82.02, respectively. Its trading volume was 2,416,938 on December 13.

The total revenue of the firm was US$1.29 billion in Q3, FY21, as compared to US$1.06 billion in the year-ago quarter. Its net income attributable to common shareholders was US$679.93 million, or US$2.07 per share, as compared to US$145.92 million, or US$0.48 per share in Q3, FY20.

Also Read: Top 8 US vaccine stocks of 2021

CBRE Group Inc. (NYSE: CBRE)

CBRE Group is an American real estate services and investment firm based in Dallas, Texas. It is regarded as one of the biggest commercial real estate services companies in the world.

The stock of the company closed at US$104.09 on December 13, up 0.38% from its previous closing price. The CBRE stock rose 74.94% YTD.

The market cap of the company is US$34.83 billion, the P/E ratio is 24.26, and the forward one-year P/E ratio is 19.57. Its EPS is US$4.29.

The stock saw the highest price of US$107.88 and the lowest price of US$58.73 in the last 52 weeks. Its share volume on December 13 was 1,713,115.

The net revenue of the company was US$4.17 billion in Q3, FY21, representing an increase of 28.5% YoY. On a GAAP basis, its net income came in at US$436 million, or US$1.28 per share, as compared to US$184 million, or US$0.55 per share in Q3, FY20.

Also Read: 5 US cybersecurity stocks to watch in 2022

Real Estate stocks that may continue a steady momentum in 2022

Source: Pixabay

Also Read: Why is EverGrow (EGC) crypto getting attention?

AvalonBay Communities, Inc. (NYSE: AVB)

AvalonBay Communities is a real estate investment trust that focuses on investing in apartments. It is based in Hopewell, Virginia, and owns various properties in the US.

The shares of the company closed at US$248.07 on December 13, up 1.31% from their closing price of December 12. Its stock value increased by 59.51% YTD.

The firm has a market cap of US$34.66 billion, a P/E ratio of 34.31, and a forward one-year P/E ratio of 29.79. Its EPS is US$7.23.

The 52-week highest and lowest prices were US$249.38 and US$154.84, respectively. Its trading volume was 606,264 shares on December 13.

The company's net income attributable to common shareholders was US$78.91 million in Q3, FY21, versus US$147.70 million in the comparable quarter of the previous year. Its diluted earnings were US$0.56 per share, as compared to US$1.05 per share in Q3, FY20

The company expects its fourth-quarter fiscal 2021 EPS to be between US$2.25 and US$2.35 per share. It also projected its full fiscal EPS to be between US$7.04 and US$7.14 per share.

Also Read: Are these 7 utility stocks poised for another year of growth?

Bottom line:

The sector has maintained a steady momentum in recent quarters, evident by the growth in the industry. In addition, it has also pushed the US indices higher recently due to its rally. The S&P 500 Real Estate index gained 36.36% YTD while increasing 11.75% QTD.

Disclaimer

Speak your Mind

Featured Articles