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Criterion: With declining rates, the marked-down REITs sector is starting to purr
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Criterion: With declining rates, the marked-down REITs sector is starting to purr
Real estate investment trusts, or REITs are a key beneficiary of lower interest rates The sector is recovering from its post pandemic lows, but many REITs still trade below net asset backing Citi prefers retail REITs as landlords rediscover their pricing power and shoppers flock to the malls With the Reserve Bank of Australia this week dispensing 25 basis points of rates relief and signalling more to come, real estate investment trusts (REITs) l…
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