Silver lining for S-Reits in H2 as sector ‘bottoms out’ and rate hikes ease
Outlook for offices, suburban malls and industrial properties supported by ‘structural growth trends’
REAL estate investment trusts (Reits) have been pummelled by fears of rising interest rates, even as effects of the Covid-19 pandemic continue to linger.
The FTSE EPRA Nareit Developed Index, a global Reits benchmark, saw total returns slide to negative 18 per cent for the first half of 2022.
This comes as the US Federal Reserve wages war on inflation with a series of interest rate hikes.
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