SP Global data shows that, over a three-year period, cell tower real estate investment trusts (REITs) had the highest potential returns out of any other REIT sector of nearly 30%.
It's no wonder why so many real estate investment trusts (REITs) have terrible market performance in 2022. After all, the Federal Reserve's ongoing rate hikes will continue to hurt the real estate sector.
Why REITs Are Being Sold And Avoided
Interest rates, interest rate hikes and expectations about further interest rate hikes are creating problems for real estate investment trusts.
Crown Castle (NYSE:CCI) has outperformed the market over the past 20 years by 14.14% on an annualized basis producing an average annual return of 21.52%. Currently, Crown Castle has a market capitalization of $57.38 billion.
Tudor Investment Corporation CEO Paul Tudor Jones, who founded the company in 1980, is also known for his prediction of Black Monday and for starting the Robin Hood Foundation.
CNBC host and financial television personality Jim Cramer is known for his stock-picking capabilities — or to some, a lack thereof.
With the market down in 2022, Cramer found several stocks trading at 52-week lows he thinks could be set to bounce.