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Consumer confidence in real estate investment trusts (REITs) plummeted after the onset of the global pandemic. A number of companies still lag behind as they make their long journey to recovery; however, a fair number have not only rebounded but surpassed their pre-pandemic highs. While most investors purchase REITs for dividend returns and diversification rather than share price growth, share prices at the time of purchase still matter. Buying companies that are overvalued can lead to unnecessary exposure in the event of a downturn or correction for the company s true value. Here are three REITs that are overvalued right now.