NAREIT has its REITweek conference next week, so now is a good time to find out which REIT stocks the SA Quant system has selected as the best performers. Of the 114 stocks that appear when each REIT category is included in the SA Stock Screener, two The top three SA Quant ratings are cannabis-focused REITs.
Cannabis REIT NewLake Capital Partners (OTCQX:NLCP) ranks highest among Strong Buys on SA Quant, followed by retail REIT CTO Realty Growth (New York Stock Exchange: Chief Technology Officer) and innovative industrial real estate (NYSE: IIPR), another cannabis REIT.
NLCP received top marks for profitability, momentum and EPS revisions under the SA Quant system, while IIPR scored A+ for growth and momentum.
CTO, also owns shares of net lease REIT Alpine Income Property Trust (NYSE: PINE), earning top marks for growth and earnings per share revisions.
InvenTrust property (NYSE: IVT), the owner of multi-tenant retail properties in the Sun Belt, often centered around grocery stores, ranked No. 4 in the screening with an EPS revision of an A+ mark.
Rounding out the top five is Essential Properties Realty Trust (NYSE: EPRT), which owns single-tenant properties and leases them to middle-market companies such as restaurants, car washes, equipment companies, and medical and dental services, has performed best in terms of growth and profitability.
Looking at the average Wall Street rating for these five companies, NewLake Capital (OTCQX:NLCP), CTO Realty (CTO), and Essential Properties (EPRT) are all rated “Strong Buy.”
Of the five stocks, cannabis REITs have performed best over the past year, with IIPR up 59% and NCLP up 53%, easily beating the S&P 500’s 24% gain.
Two of these five companies will be featured at REITweek – InvenTrust (IVT) on June 4 at 9:30 a.m. ET and CTO Realty (CTO) on June 5 at 3:30 p.m. Appearance.
A total of 14 REITs are rated “Strong Buy” by the SA Quant system. Other companies include: Host Hotels & Resorts (HST), National Health Investors (NHI), Kite Realty Group (KRG), Cousins ​​Properties (CUZ), Vici Properties (VICI), Alpine Income Property Trust (PINE), NetstREIT (NTST) and EPR properties (EPR).