5 Best Real Estate ETFs To Buy Now

Page 5 of 5

1. Pacer Benchmark Industrial Real Estate SCTR ETF (NYSE:INDS)

5-Year Share Price Performance as of March 29: 37.07%

Pacer Benchmark Industrial Real Estate SCTR ETF (NYSE:INDS) is one of the best real estate ETFs to invest in. Pacer Benchmark Industrial Real Estate SCTR ETF (NYSE:INDS) follows a strategy-driven approach based on tracking the Solactive GPR Industrial Real Estate Index. The ETF focuses on investing in industrial REITs that play key roles in ecommerce distribution and logistics networks, as well as self-storage facilities. As of March 28, 2024, Pacer Benchmark Industrial Real Estate SCTR ETF (NYSE:INDS)’s net assets amounted to nearly $220 million, with a net expense ratio of 0.55% and a portfolio comprising 32 stocks. 

CubeSmart (NYSE:CUBE) is one of the largest holdings of Pacer Benchmark Industrial Real Estate SCTR ETF (NYSE:INDS). CubeSmart (NYSE:CUBE) is a real estate investment trust that manages self-storage properties across the United States. On March 18, CubeSmart declared a $0.51 per share quarterly dividend, in line with previous. The dividend is payable on April 15, to shareholders on record as of April 1. 

According to Insider Monkey’s fourth quarter database, 22 hedge funds were bullish on CubeSmart (NYSE:CUBE), compared to 19 funds in the last quarter. 

Diamond Hill Mid Cap Strategy stated the following regarding CubeSmart (NYSE:CUBE) in its fourth quarter 2023 investor letter:

“Other top contributors in Q4 included CubeSmart (NYSE:CUBE), Webster Financial and Parker-Hannifin. Shares of self-storage real estate investment trust CubeSmart rose as storage rents showed signs of bottoming in Q3, which could boost fundamentals looking forward. Further, REITs more broadly rallied during the quarter as long-term interest rates rapidly declined. Similarly, HSA-focused bank Webster Financial rose alongside financials in the wake of the Fed’s November meeting, which investors broadly interpreted to signal an end to rate hikes and a potential pivot to cuts sometime in 2024. Diversified industrial and aerospace manufacturer Parker-Hannifin’s management team is executing well, diversifying the company beyond heavily cyclical areas to higher-, steadier-growing areas like aerospace and strategically deploying capital — decisions which are contributing to resilient top-line growth and margin expansion.”

Follow Cubesmart (NYSE:CUBE)

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily enewsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also check out 10 AI Stocks That Will Skyrocket and 10 Best Silver ETFs To Buy

Page 5 of 5