When the COVID-19 pandemic surfaced in early 2020, it was devastating for the economy. One of the hardest-hit areas was the real estate market, both commercial and residential. The view was that many tenants wouldn’t be able to pay their rents as businesses were closed and tens of millions of people were out of work.
There was a massive selling of real estate stocks to the point where they were trading as if the companies were in default. But that wasn’t the case, and investors who bought dirt-cheap real estate stocks at the time are now sitting on significant gains.
Fast-forward two years and the real estate market is booming with higher sales prices and rents. An interesting play on the real estate market from a technology angle is SmartRent Inc (NYSE:SMRT).
The post SmartRent Stock: Beaten-Down Real Estate Tech Stock Could Double originally appeared at Profit Confidential.