REITs are an interesting asset class at the moment given the rebound in commercial real estate and above-average dividend yields. Saul Centers, Inc. (NYSE:BFS) and Cedar Realty Trust (NYSE:CDR) are two such retail REITs worth considering.Retail REITs are starting to come back to life following months of underperformance as the coronavirus depressed in-person retail shopping. However, now there is some sort of pent-up demand effect in play as consumer spending in retail stores is above 2019 levels. If your portfolio does not yet have a retail REIT, consider adding at least one today. Many stocks have dipped over the past couple of weeks due to the Delta variant, however, while there could be an increase in masking, shutdowns are not on the table this time.
Maintain the faith in the retail comeback, invest in one or several retail REITs and you stand a good chance of making money during the return to normal in the months ahead. Saul Centers, Inc. (BFS) and Cedar Realty Trust (CDR) are two such retail REITs worth considering.
BFS is a REIT that develops and manages shopping centers. BFS has a forward P/E ratio of 15.70, meaning it is fairly priced at around $46.50 per share. The stock has a 1.15 beta so it is likely to hold steady if the market suffers a massive decline.