Sell These 11 REITs While You Still Can

Group 1 - The article discusses the potential for a significant sell-off in the REIT sector over the next few years, particularly affecting weaker firms [2][3][4] - Companies with messy balance sheets, high indebtedness, and weak FFO growth are identified as particularly vulnerable [4][5][6] - A list of 11 REITs is provided that meet three or more criteria indicating weakness, including high debt ratios and poor dividend safety ratings [5][6][7] Group 2 - Veris Residential (VRE) has a debt ratio of 54%, significantly above the sector average of 28%, and a weak dividend yield of 1.57% [6][18][19] - Braemar Hotels and Resorts (BHR) carries a debt ratio of 89% and has a projected FFO growth of 27.8%, but its dividend reliability is questionable [19][20] - CBL Properties (CBL) has an 85% debt ratio and is projected to have negative FFO growth of -2.6% [8][20] Group 3 - Global Net Lease (GNL) has a debt ratio of 65% and a projected FFO growth of only 0.9%, with a dividend safety rating of F [9][10][23] - SL Green Realty (SLG) has a debt ratio of 59% and is projected to experience a significant FFO decline of -33.2% [11][12][24] - Uniti Group (UNIT) has an 81% debt ratio and is projected to see a -25.9% decline in FFO, with a dividend safety rating of F [13][30][32] Group 4 - Farmland Partners (FPI) has a high price/FFO ratio of 43.0 and is selling for 34.1% above the target price, indicating overvaluation [26][32] - Clear Channel Outdoor (CCO) has a debt ratio of 92% and is projected to have negative FFO, with shares heavily shorted [33][34] - Presidio Property Trust (SQFT) has a 74% debt ratio and has ceased paying dividends, indicating financial distress [35]