- REITs, of course, won't benefit from a cut in corporate taxes as they don't pay any. In fact, lower corporate tax rates hurt REITs' status vis-a-vis corporations.
- However, says FBR's Edward Mills, a cut in personal tax rates makes the hefty dividend income from REITs more attractive.
- Those with higher yields and more stable dividends should benefit most. He notes: Ares Commercial (NYSE:ACRE), Blackstone Mortgage (NYSE:BXMT), Ladder Capital (NYSE:LADR), Starwood (NYSE:STWD), New Residential (NYSE:NRZ), CubeSmart (NYSE:CUBE), EPR Properties (NYSE:EPR), National Storage Affiliates (NYSE:NSA).
- Source: Bloomberg
REITs could be "hidden winner" on tax cuts - FBR
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| Symbol | Last Price | % Chg |
|---|---|---|
| ACRE | - | - |
| Ares Commercial Real Estate Corporation | ||