Mizuho has named two REITs as its top picks for August: Cousins Properties and Phillips Edison & Company, offering yields of 4.34% and 3.24% respectively. REITs have outperformed the broader market this year, with the FTSE Nareit All Equity REITs Index gaining 17.7% versus 10.5% for the Dow Jones U.S. Total Stock Market Index through July. Cousins Properties, a Sunbelt-focused office REIT, beat second-quarter expectations with FFO of 75 cents per share and revenue of $268.5 million. Phillips Edison & Company, which owns 330 grocery-anchored shopping centers, also exceeded estimates with core FFO of 69 cents and revenue of $189.6 million.
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