Resilient retail demand and limited new supply are likely to have benefited Simon Property's (SPG) Q4 earnings. However, rising interest rates might have been a deterrent.
Today, I will look at three blue chip real estate investment trusts (REITs) that are trading at a discount. These REITs have strong portfolios that continue to generate solid cash flows, which have led to further dividend hikes.
Alexandria (ARE) reports a better-than-anticipated fourth-quarter 2022 performance due to decent leasing activity and rental rate growth. It also issues an upbeat 2023 FFO outlook.