As the United States slowly moves past the impact of 2020, it’s becoming clearer that the global coronavirus crisis was a disruption of the norm and not a new normal. Indeed, people are eager to get back to their pre-COVID lives. That said, the impact of last year was very real. This all helps explain why investors should be looking at apartment real estate investment trusts (REITs) AvalonBay Communities (NYSE: AVB), Equity Residential (NYSE: EQR), and UDR (NYSE: UDR) today.
The big problem
The coronavirus spreads easily in group settings, which is why people were asked to work from home last year. It’s also why a lot of people decided to move out of major U.S. cities and toward more suburban locals and smaller cities. That has been a huge boost to apartment REITs like Mid-America Apartment Communities (NYSE: MAA), which operates in the U.S. Sun Belt. Its stock is roughly 20% above where it started out in 2020.
The numbers back up the story, with…