It hasn't been a great year for tech investors. Several big-name tech stocks are down even more, with a few down as much as 80%. Today, we're going to talk about three real estate investment trusts (REITs) that are closely connected to the tech industry.
It's close to impossible to do that with normal growth stocks, much less real estate investment trusts (REITs), which are traditionally structured to produce income, not growth. The three REITs we'll discuss today, Innovative Industrial Properties (NYSE: IIPR), Americold Realty Trust (NYSE: COLD), and VICI Properties (NYSE: VICI), each have unique macro tailwinds that could launch their stock up significantly over the next 7.5 years.
Americold Realty Trust (NYSE: COLD) burst on the scene in 2018. The cold storage-focused real estate investment trust's (REIT) stock price nearly doubled in value during its first two years as a public company.