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’
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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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