We expect US equity REITs to remain under pressure between now and the middle of next year, given our view of the US stock and bond markets. Nonetheless, we doubt they will underperform US equities substantially given their relative valuations – we see no clear evidence that they are in more of a bubble; the overall outlook for the property markets in which they invest; and their apparently solid fundamentals.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.