The Monthly Confidence Index for the Equipment Finance Industry shows a reading of 50.7 this month, compared with September's 47.6, according to the Equipment Leasing & Finance Foundation. "The equipment-finance industry has weathered and will continue to weather the storms of this economy and all its uncertainty," said Valerie Hayes Jester, president of Brandywine Capital Associates.
Joe Smith, managing director of ING Clarion Real Estate Securities LP and portfolio manager of two real estate funds, is bullish on mall and health care REITs. "Cash flows [from malls and health care centers] are a little bit more durable in this current cycle," he said. Malls tend to have tenants locked into long-term leases, which improves cash flow, while demand for nursing homes, doctors, medical office buildings and senior housing facilities is bolstering the health care side.