The First Trust S&P REIT Index Fund (NYSEArca: FRI), which tracks a S&P United States REIT Index, is comprised of U.S. REITs. The ETF includes a 2.2% tilt toward GGP, 0.3% in CBL and 0.3% in BDN. FRI has a 12 month yield of 2.65%.
Alternatively, the PowerShares KBW Premium Yield Equity REIT Portfolio (NYSEArca: KBWY) targets small- and mid-sized U.S. companies and includes a greater weight toward these undervalued REITs. CBL is 3.7% of KBWY and BDN makes up 2.7% of the fund’s portfolio. KBWY has a 5.59% 12-month yield.
The recently launched Guggenheim S&P 500 Equal Weight Real Estate ETF (NYSEArca: EWRE), which follows an equal-weight indexing methodology also leans toward smaller companies, includes a 3.7% position in GGP. [New Equal-Weight ETF for Real Estate Exposure]
The iShares Cohen & Steers Realty Majors (NYSEArca: ICF) also includes a 3.8% position in GGP. ICF has a 3.33% 12-month yield.
For more information on real estate investment trusts, visit our REITs category.
Max Chen contributed to this article.