Based on the latest information provided, here’s how I would rewrite the article:
Three REITs, Realty Income, Rexford Industrial, and Public Storage, have seen their stock prices decline due to factors such as rising interest rates and a slowdown in demand for certain property types. However, these declines have resulted in historically attractive yields for investors.
Realty Income, the largest net lease REIT, is more exposed to higher interest rates due to its size and reliance on frequent capital market tapping. Its stock price has fallen 30% from pre-pandemic levels, but its dividend yield is currently near a decade-high at 5.6%. Despite potential slower growth, Realty Income’s size and diversified geographic reach continue to make it a strong choice for investors.
Rexford Industrial stands out among industrial REITs due to its focus on the Southern California market, which is considered one of the best in the US. While demand for warehouse space has cooled, the REIT continues to pass on significant rent increases and has plans to redevelop properties, resulting in a near decade-high dividend yield of 3.7%.
Demand for self-storage units has also declined, affecting Public Storage’s stock price. However, the REIT’s large portfolio and dominant position in the industry make it well-placed to remain a leader. While adjusted funds from operations decreased slightly in Q1 2024, demand for storage solutions remains high due to elevated housing costs. Public Storage’s dividend yield is currently 4.5%.
Overall, these REITs offer unique stories and opportunities for investors, especially as they are currently trading at discounted prices. Before making any investment decisions, however, it’s important to conduct further research and analysis.
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