Colonial Properties Trust (NYSE:CLP)
CAPS Rating:
The Company owns, develops and operates multifamily, office and retail properties primarily in the Sunbelt region of the United States.
The Company owns, develops and operates multifamily, office and retail properties primarily in the Sunbelt region of the United States.
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This is in-line with my general call on commercial real estate. There aren't enough investments out there for REITs that will generate much meaningful growth. Yet headwinds remain for commercial real estate. With a 5.50% FFO yield and a 2.89% dividend yield, the current price offers submarket returns for the near future.