11 Best REIT Stocks To Buy Under $10

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8. Paramount Group, Inc. (NYSE:PGRE)

Share Price as of October 26: $5.07

Number of Hedge Fund Holders: 19

Paramount Group, Inc. (NYSE:PGRE) is a fully integrated real estate investment trust that owns, acquires, operates, redevelops, and manages high-quality, Class A office properties situated in select central business district submarkets of San Francisco and New York. The firm is headquartered in New York City.

The REIT has served as the landlord of choice for the biggest names in the financial, legal, professional services, and media industries globally since its founding in 1978. In addition to modern and well-amenitized high-quality properties, PGRE has a high-quality tenant base. Hence, the firm leverages the sought-after location of its assets as well as its ability to attract and retain high-quality tenants.

The firm recorded a net loss attributable to common stockholders of $7.8 million for the second quarter. Core FFO was $43.4 million as compared to $37.1 million in the prior-year period. Additionally, Paramount Group, Inc. (NYSE:PGRE) leased 198,505 square feet out of which its share was 158,592 square feet that were leased at a weighted average initial rent of $74.55 per square foot.

Paramount Group, Inc. (NYSE:PGRE) has an irreplaceable portfolio of well-positioned properties, a reputation for hands-on tenant service, and a highly experienced in-house team of commercial real estate professionals. With a share price of $5.07, the firm ranks among the 11 best REITs to buy under $10.

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