PLD to SPG: 5 REIT stocks to explore amid inflation concerns

Highlights

• Prologis, Inc. (NYSE: PLD) revenue was US$4.75 billion in fiscal 2021.
• American Tower Corporation (NYSE: AMT) revenue increased by 15.2% YoY in Q4, FY21.
• Simon Property Group, Inc. (NYSE: SPG) revenue was US$5.11 billion in fiscal 2021.

Real estate or REIT stocks are considered a hedge against inflation in the long run. Plus, they provide high dividends. Hence, many investors pick REITs in their portfolios.

While short-term investors look for quick rewards, others scout for long-term opportunities like real estate. Thus, REITs may provide a cushion against periodic inflationary pressures.

The current market dip has shifted the focus of investors towards haven assets.

Here we explore 5 REIT stocks that may gain traction in the coming days.

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Prologis, Inc. (NYSE: PLD)

Prologis is a leading real estate investment trust (REIT) that engages in the logistics real estate business. It is based in San Francisco, California.

The shares of the company traded at US$148.35 at 1:50 pm ET on March 11, down 1.81% from their closing price of March 10. Its stock value increased by 49.16% over the past 12 months.

The firm has a market cap of US$109.60 billion, a P/E ratio of 37.59, and a forward one-year P/E ratio of 29.80. Its current yield is 1.67%, and its annualized dividend is US$3.16.

The 52-week highest and lowest stock prices were US$169.93 and US$97.72, respectively. Its trading volume was 1,988,450 on March 10.

The company's total revenue was US$1.27 billion in Q4, FY21, while its net earnings attributable to common stockholders came in at US$1.24 billion, or US$1.67 per diluted share. For fiscal 2021, the company's total revenue was US$4.75 billion.

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American Tower Corporation (NYSE: AMT)

American Tower Corporation is a REIT that focuses on wireless and broadcast communications infrastructure. It is based in Boston, Massachusetts. It operates in various parts of the world.

The stock of the company traded at US$236.30 at 1:52 pm ET on March 11, up 1.50% from its previous closing price. The AMT stock rose 8.18% over the past 12 months.

The market cap of the company is US$107.70 billion, the P/E ratio is 41.67, and the forward one-year P/E ratio is 24.20. Its current yield is 2.39%, and its annualized dividend is US$5.56.

The stock saw the highest price of US$303.72 and the lowest price of US$205.66 in the last 52 weeks. Its share volume on March 10 was 1,300,343.

The company's total revenue rose 15.2% YoY to US$2.44 billion in Q4, FY21, while its net income came in at US$441 million, up 22% YoY. For fiscal 2021, its revenue increased by 16.4% YoY to US$9.35 billion.

For fiscal 2022, the company expects its net income to be between US$2.02 billion and US$2.13 billion.

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Crown Castle International Corp. (NYSE: CCI)

Crown Castle is a real estate investment trust (REIT) based in Houston, Texas. It owns, operates, and leases cell towers and fiber route miles to support communication services in the US.

The shares of the company traded at US$174.755 at 1:54 pm ET on March 11, down 0.80% from their closing price of March 10. Its stock value soared 11.02% over the past 12 months.

The firm has a market cap of US$75.69 billion, a P/E ratio of 65.59, and a forward one-year P/E ratio of 24.92. Its current yield is 3.38%, and its annualized dividend is US$5.88.

The 52-week highest and lowest stock prices were US$209.87 and US$152.22, respectively. Its trading volume was 1,624,519 on March 10.

The company's revenue was US$1.65 billion in Q4, FY21, while its net income came in at US$353 million, or US$0.81 per diluted share. For fiscal 2021, the company's net revenue was US$6.34 billion.

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Simon Property Group, Inc. (NYSE: SPG)

Simon Property is a self-administered and self-managed REIT firm based in Indianapolis, Indiana. It owns, develops, and operates shopping malls, outlet centers, community centers, and other entertainment avenues.

The stock of the company traded at US$130.9043 at 1:56 pm ET on March 11, down 1.29% from its previous closing price. The SPG stock grew 12.52% over the past 12 months.

The market cap of the company is US$43.11 billion, the P/E ratio is 19.18, and the forward one-year P/E ratio is 11.31. Its current yield is 4.98%, and its annualized dividend is US$6.60.

The stock saw the highest price of US$171.12 and the lowest price of US$106.68 in the last 52 weeks. Its share volume on March 10 was 1,565,865.

The company's total revenue was US$1.32 billion in Q4, FY21, while its net income attributable to common shareholders came in at US$503.24 million, or US$1.53 per share. For fiscal 2021, the company's total revenue was US$5.11 billion.

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Realty Income Corporation (NYSE: O)

Realty Income is a real estate investment trust that focuses on free-standing, single-tenant commercial properties in various locations around the world. It is based in San Diego, California.

The shares of the company traded at US$65.34 at 1:58 pm ET on March 11, up 0.80% from their closing price of March 10. Its stock value surged 4.98% over the past 12 months.

The firm has a market cap of US$38.72 billion, a P/E ratio of 69.68, and a forward one-year P/E ratio of 16.54. Its current yield is 4.54%, and its annualized dividend is US$2.958.

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The 52-week highest and lowest stock prices were US$74.60 and US$60.65, respectively. Its trading volume was 4,454,694 on March 10.

In the fourth quarter of fiscal 2021, the company reported a revenue of US$685 million, while its net income attributable to common shareholders came in at US$4 million, or US$0.01 per share. For fiscal 2021, the company's total revenue was US$2.08 billion.

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Bottom line:

The S&P 500 Real Estate index rose 23.10% in the past 12 months while declining 10.89% YTD. The US CPI rose 7.9% in February, the highest level in four decades, triggering concerns over economic health. Given the uncertainties in the market, investors should exercise due diligence before investing in the stock market.