Why Morningstar Is Wrong on REITs (and the 8.4% Payer We’re Buying Now)
Michael Foster, Investment StrategistUpdated: October 6, 2025
An intriguing article came across my desk recently, and it said something we income investors need to talk about.
It was a Q&A with Morningstar’s director of personal finance, Christine Benz—and it reinforced, to me, why now is the time to snap up one of the top (and 8.4%-yielding) picks from the portfolio of my CEF Insider service.
I encourage you to read this article. It’s mostly fine. But it contains one piece of advice I think will be widely misunderstood. At one point, Benz says:
… Read more“What we’ve seen from real estate equities is kind of a steady upward march in correlations with the broad US equity market over the past couple of decades, to the point where I really don’t see the diversification benefit.”