#reits

A REIT is a company legally forced to hand almost all its profit back to you every year. That one rule explains the fat 4% dividend, the odd tax bill, the interest-rate whiplash, and why you value it on FFO instead of earnings.

Real estate people ignored the AI trade. Tech people ignored REITs. In the middle sit Equinix and Digital Realty, landlords for the compute that runs GPT and Gemini. In 2026 they are up 36% while the rest of real estate barely moved.