Realty Income is setting itself up for a strong 2024 and it won't need to resort to selling stock while the share price is weak.
Rising interest rates have proven challenging for the real estate industry over the past couple of years. Meanwhile, higher rates have weighed on the value of income-producing real estate investments. Many expect the Federal Reserve to begin cutting interest rates.
I tend to buy stocks that could be described as fallen angels. Here are three examples -- and why I think they'll fly again.