5 Best Real Estate ETFs To Buy Now

2. Invesco S&P 500 Equal Weight Real Estate ETF (NYSE:RSPR)

5-Year Share Price Performance as of March 29: 8.47%

Invesco S&P 500 Equal Weight Real Estate ETF (NYSE:RSPR) is designed to track the performance of the S&P 500 Equal Weight Real Estate Index. This ETF invests at least 90% of its assets in securities included in the index, which equally weights stocks in the real estate sector of the S&P 500 Index. It is one of the best real estate ETFs to buy. As of March 28, 2024, Invesco S&P 500 Equal Weight Real Estate ETF (NYSE:RSPR)’s expense ratio came in at 0.40% and its portfolio consists of 32 stocks. The ETF was launched on August 13, 2015. 

CoStar Group, Inc. (NASDAQ:CSGP) is the largest holding of the Invesco S&P 500 Equal Weight Real Estate ETF (NYSE:RSPR). CoStar Group, Inc. (NASDAQ:CSGP) offers information, analytics, and online marketplace services to commercial real estate, hospitality, and residential sectors across multiple regions. On February 20, the company reported a Q4 non-GAAP EPS of $0.33 and a revenue of $640 million, exceeding Wall Street estimates by $0.01 and $5.72 million, respectively. 

According to Insider Monkey’s fourth quarter database, 36 hedge funds were bullish on CoStar Group, Inc. (NASDAQ:CSGP), same as the prior quarter. 

Baron Focused Growth Fund stated the following regarding CoStar Group, Inc. (NASDAQ:CSGP) in its fourth quarter 2023 investor letter:

“Core Growth investments, steady growers that continually invest in their businesses for growth and return excess free-cash-flow to shareholders, represented 22.5% of net assets. An example would be CoStar Group, Inc. (NASDAQ:CSGP), a marketing and data analytics provider to the real estate industry. The company continues to add new services in commercial and residential real estate, which have grown its addressable market and enhanced services for its clients. This has improved client retention and cash flow. CoStar continues to invest its cash flow in its business to accelerate growth, which we believe should generate strong returns over time.”