NEW YORK ( TheStreet) -- In late May the Federal Reserve began to prepare the markets for an impending pullback in the central bank's stimulus program. It became apparent that the sell-off in REIT-dom was getting baked. Although Uncle Ben Bernanke's announcement (in late May) indicated an overall uptick in the U.S. financial system, several industries became overheated.Among those were the Triple Net REITs. It seemed rather ironic the "bond-like" asset class would be affected the hardest since they are supposed to be the safest and most reliable dividend payers. After all, interest rates won't be rising any time soon and Mr. Market seemed to jumping the gun in haste because the tapering is not supposed to take place until 2014 or possibly 2015.
REITs on The Street: Triple Net REITs
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.