iShares Cohen & Steers REIT (ICF)
During the Great Recession, the largest REITs in the country were able to use their size to their advantage in order to raise capital and buy up distressed properties and rivals on the cheap. That trend continues today as some of the biggest REITs continue to make strong accreditive deals.
Which is why the iShares Cohen & Steers REIT (ICF) could be a good option for investors looking to add real estate exposure.
ICF focuses its attention on the biggest of the big at just 31 different REIT stocks. Exactly how big are we talking? Top holding and mall operator Simon (SPG) owns nearly 325 shopping malls — or 242 million square feet of retail space — and has a market cap of $46 billion. Running a more concentrated portfolio and focusing on size/quality has produced some pretty nice returns for ICF.
Since 2001, the ETF has managed to 9.98% annual return, and ICF currently yields 3.4%. Expenses run 0.35% per year.