If you hold any of these five risky REITs, you should sell them immediately. And put that money into two recession-proof bargains (paying up to 8%) that we’ll discuss shortly.
REITs aren’t always as safe as their dividends appear on paper. Consider Investors Real Estate Trust (IRET), which slashed its dividend by nearly half late last year. This wasn’t a sudden decision – it followed years of share declines as falling oil prices crushed rents across IRET’s markets.
IRET has now lost 40% in four years and seen its high-single-digit yield reduced to less than 5%. Even IRET’s brief recovery after the dividend cut has withered away, and shares are off double digits in 2017.…