“1 Magnificent Dividend Stock Down 20% to Buy and Hold Forever”
July 1, 2024
“…Why are investors downbeat on Agree Realty?
The backstory with Agree is a fairly good one. Then why is the REIT’s share price down around 20% or so from its 2022 highs?… The good news here is that the problem really isn’t with Agree. The problem is that interest rates have risen dramatically. That increases costs for REITs, which tend to make heavy use of debt to fund property acquisitions…
When the property market balances out, Wall Street will probably start to appreciate what is likely to be a very long runway for growth here. Note that the largest company in the sector owns more than 15,000 properties…”
https://finance.yahoo.com/news/1-magnificent-dividend-stock-down-111300702.html
This article is not my opinion. Personally I would wait until after the real estate market crash then invest in REITs.