---
title: "The 7 Best REITs to Buy in June 2024"
description: "The given information falls into the category of Investment research related information. The summary of the information is as follows: \"The article provides insights on the best REITs to buy in June "
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/206712416.md"
published_at: "2024-06-19T12:00:00.000Z"
---

# The 7 Best REITs to Buy in June 2024

> The given information falls into the category of Investment research related information. The summary of the information is as follows: "The article provides insights on the best REITs to buy in June 2024, focusing on data center REITs such as Digital Realty, Equinix, and Iron Mountain. It highlights the increasing demand for data centers due to the artificial intelligence boom and mentions the potential for higher dividends. Additionally, it mentions the Data Center & Digital Infrastructure ETF as a way to diversify investments in data center stocks."

One of the best ways to protect your portfolio, and generate consistent income is with some of the best REITs to buy.

Look at **Digital Realty** (NYSE:**DLR**), for example. With a yield of 3.26%, it’s getting swept up in the artificial intelligence boom. Now, thanks to artificial intelligence, data center demand is expected to rise at a 15% CAGR until 2030, according to Goldman Sachs.

“Almost every industry is now looking for new AI functionality that can streamline processes and improve results. In this new digital landscape, data centers are uniquely positioned to both provide and benefit from AI applications,” says Digital Realty.

And until the AI boom slows, which won’t happen any time soon, data centers will continue to see significant demand. All of which will drive some of the best REITs to buy, like Digital Realty to new highs. Better, it could drive dividend payouts higher, too.

That being said, we’ve included more data center REITs on this list of the best REITs to buy.

## Equinix (EQIX)

Source: Ken Wolter / Shutterstock.com

With a yield of 2.22%, data center REIT, **Equinix** (NASDAQ:**EQIX**) provides the data center backbone that fuels **Nvidia’s** (NASDAQ:**NVD**) operations. Better, Nvidia’s dominance with artificial intelligence puts Equinix at the top of the list of top data center REITs to buy and hold for the long term.

In recent weeks, the REIT dropped from about $809 to $747.65, where it’s again a buying opportunity – especially with data center demand on the rise.

Moreover, Barclays’ analysts just raised their price target on the REIT to $671 with an equal weight rating. The REIT also just paid out a dividend of $4.26, which was payable on June 19. If you missed this one, more are on the way.

Even more impressive, hedge funds are tripping over each other to buy. Billionaire Steven Schonfield, for example, increased his firm’s stake in EQIX by 3,688%, buying another 28,400 shares at the end of March. Billionaire investor Dmitry Balyasny also just increased his firm’s stake in EQIX by 594%.

## Iron Mountain (IRM)

Source: Shutterstock

The last time I mentioned **Iron Mountain** (NYSE:**IRM**), I said, “The REIT – which is aggressively expanding its data center capacity to meet the demand of the generative artificial intelligence (AI) boom is just as attractive as Digital Realty Trust.”

That was on June 5 as IRM traded at about $81. Today, after hitting a high of $89.21, it’s now back to $87.77 and is still a good buy at current prices.

Plus, earnings have been solid. In its first quarter, the company posted stronger-than-expected numbers. Adjusted funds from operations came in at $1.10 compared to expectations of 92 cents. Total revenue of $1.48 billion beat estimates of $1.45 billion. It also reiterated its funds from operations per share of $4.39 to $4.51, revenue of $6 billion to $6.15 billion, and adjusted EBITDA of $2.175 billion to $2.225 billion.

Even better, it declared a 65-cent quarterly dividend, payable July 5 for shareholders of record as of June 17.

## Data Center & Digital Infrastructure ETF (DTCR)

Source: Connect world / Shutterstock.com

Or, if you want to diversify with data center REITs, there’s the **Data Center & Digital Infrastructure ETF** (NASDAQ:**DTCR**), which last traded at $15.21 a share. While this ETF only yields about 1.11%, it’s a solid way to diversify at a lower cost with top data center stocks. All of which are getting caught up in the artificial intelligence demand boom.

With an expense ratio of 0.50%, the ETF holds 25 related stocks, including, Equinix, **American Tower** (NYSE:**AMT**), **Crown Castle** (NYSE:**CCI**), Digital Realty Trust, and **Digital Bridge** (NYSE:**DBRG**).

All of which should benefit from global data center investments “expected to increase from $321bn in 2022 to $410bn in 2025 to support the growth of 5G, smart grids, and other forms of tech-based infrastructure,” says Global X ETFs.

After bottoming out around $13.85, the REIT is now up to $15.21, where it’s still a buy. From here, we’d like to see it initially retest at $16.

## DigitalBridge (DBRG)

Source: Gorodenkoff/Shutterstock.com

Another one of the best REITs to buy that’s getting caught up in the AI demand story is DigitalBridge.

With a yield of 0.31%, the REIT’s nearly 300 data centers are a big part of its growth trajectory. The company’s CEO Marc Ganzi also believes global data center capacity will need to grow by about 300% to meet the demands of AI. All of which could fuel further upside for DBRG.

Earnings have been solid, too. EPS of a penny beat estimates for a loss of seven cents. Revenue also jumped more than 302% to $74.39 million.

Last trading at $12.85, it’s a buy. From here, I’d like to see it refill its bearish gap at around $16.50 with AI demand gaining momentum.

Billionaire Steven Schonfield also increased his firm’s stake in DBRG by 436% by adding another 676,450 shares at the end of March. Israel Englander also increased Millennium Management’s stake in DBRG by 637.5%.

## STAG Industrial (STAG)

Source: Don Pablo / Shutterstock.com

Outside of the data center REITs, another one of the best REITs to buy is **STAG Industrial** (NYSE:**STAG**).

With a yield of 4.24%, the REIT has been paying a monthly dividend of 12.3 cents throughout the first three months of the year. In addition, the REIT – which leases industrial properties, such as warehouses and distribution centers to e-commerce companies – is also benefiting from consumers shifting to online shopping.

We also have to consider that online shopping is only expected to increase. After all, it’s much easier to shop in the comfort of your home than deal with the public. According to estimates, global e-commerce sales could grow to $58.74 trillion by 2028. Plus, the number of online shoppers is expected to grow from 268 million in 2022 to 285 million by 2025. All of which will benefit REITs like STAG Industrial.

Plus, earnings haven’t been too shabby. In its first quarter, funds from operations came in at 59 cents, which beat estimates by a penny. Revenue of $187.54 million, up 8.1% year over year, beat by $3.23 million.

## Apple Hospitality REIT (APLE)

Source: Boyloso / Shutterstock

Another one of the best REITs to buy is **Apple Hospitality REIT** (NYSE:**APLE**), which yields 6.54%.

At the moment, APLE owns about 224 hotels in 87 markets throughout 37 U.S. states. All of which should benefit from the upcoming travel season. It’s also about to pay a dividend of eight cents per share on June 17 to shareholders of record as of May 31. And if you missed this one, don’t worry about it. More are coming.

Some of its top tenants include hotel chains such as **Marriott International** (NASDAQ:**MAR**) and **Hyatt Hotels** (NYSE:**H**) – most of which are likely to benefit as millions prepare to take summer vacations. In addition, earnings have been solid. Its Q1 FFO of 34 cents was in line with expectations. Revenue of $329.51 million – up 5.8% year over year – beat by $2.16 million.

After catching double-bottom support at around $14, the APLE REIT is slowly starting to pivot higher again. I’d buy it here with an initial price target of $16. In the meantime, while we wait for that to happen, we can collect its 6.54% yield.

## Agree Realty (ADC)

Source: GaudiLab / Shutterstock

Let’s also take a look at **Agree Realty** (NYSE:**ADC**), which acquires and develops properties net leased to industry-leading, omnichannel retail tenants. As of March 31, the REIT owned and operated a portfolio of 2,161 properties, located in 49 states and containing approximately 44.9 million square feet of gross leasable area.

Better, the monthly dividend-paying REIT just declared a dividend of $0.250 per share or $3 annualized. It’s payable July 15 to stockholders of record at the close of business on June 28.

Earnings have been solid here, too. In its first quarter, FFO of $1.01 beat by a penny. Revenue of $149.45 million, up 18% year over year, beat by $1.09 million.

Hedge funds love ADC, too. Steven Cohen’s Point72 for example just increased its stake by 8,471%, adding 321,930 shares at the end of March. Israel Englander also increased his firm’s stake in ADC by 2,259%, adding 354,560 shares. Even Ken Griffin’s Citadel Advisors just increased its stake by 8,463%.

In short, follow the smart money and collect its yield.

*On the date of publication, Ian Cooper did not have (either directly or indirectly) any positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.*

Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.

Real Estate

### Related Stocks

- [IRM.US - Iron Mountain](https://longbridge.com/en/quote/IRM.US.md)
- [EQIX.US - Equinix](https://longbridge.com/en/quote/EQIX.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| 傳 OpenAI 最新融資有望突破 7800 億，亞馬遜、英偉達等參與投資 | OpenAI 即將完成新一輪融資的第一階段，預計融資額將超過 1,000 億美元，創下紀錄。首輪融資主要來自亞馬遜、軟銀、英偉達和微軟等戰略投資者，預計在本月底前確定投資方案。隨著 OpenAI 計劃進行基礎設施投資，公司整體估值可能超過  | [Link](https://longbridge.com/en/news/276419176.md) |
| 馬克宏訪印度 著眼百餘架飆風戰機軍售大單 | 法國總統馬克宏將於 17 日至 19 日訪問印度，重點討論人工智慧合作及達梭飆風戰機的採購，預計將討論增購 114 架戰機的合約。此次訪問是馬克宏自 2017 年上任以來的第四次，期間他將與印度總理莫迪會晤，並參加人工智慧高峰會。印度已於  | [Link](https://longbridge.com/en/news/276113483.md) |
| 美團 (3690) 盈警，料去年度業績由盈轉虧 | 美團近日發出盈警，預計 2025 年度將錄得虧損 233 億至 243 億元人民幣，較 2024 年盈利 358 億元大幅惡化。虧損主要源於核心本地商業分部的經營虧損及對海外業務的加大投入。美團已加大對生態體系的投入以應對激烈競爭，包括強化 | [Link](https://longbridge.com/en/news/276027930.md) |
| 石四藥 (2005) 發盈警料去年盈利倒退 45 至 60% | 石四藥集團發盈警，預期截至去年底止年度股東應佔溢利按年下跌 45 至 60%；2024 年度錄得股東應佔溢利 10.61 億港元。 | [Link](https://longbridge.com/en/news/276431030.md) |
| 佐丹奴小股東獲支付最多 15 億 成監管和解首例 分析：或成日後重要參考 | 證監會與華富國際及 Clear Prosper 達成和解，涉及佐丹奴股份交易違規行為。兩公司同意向受影響的獨立股東支付最高 15 億元現金賠償。2016 年和 2022 年股東將分別獲得每股 0.996 元和 0.412 元的賠償。此和解為 | [Link](https://longbridge.com/en/news/276401818.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
