Better Real Estate Stock: Equity Residential vs. Agree Realty
It's been a rough year for real estate investment trusts (REITs), which own and lease property. Many REITs stocks are down by double-digit percentages this year, with some lower by as much as 50%, as interest rates have gone up and demand has fallen. The two REITs that we'll discuss here, Equity Residential (NYSE: EQR) and Agree Realty (NYSE: ADC), have both performed well.