EQIX - Don't Miss The Best Time To Buy REITs Since The Great Financial Crisis Of 2009
2024-05-16 10:28:08 ET
Summary
- Real estate stocks have underperformed due to higher inflation and no rate cuts, but certain subsectors like regional malls and data centers have done well.
- REITs are currently cheap and historically performed well after the last rate hike by the Fed. Will this time be different?
- I share my take on it and 2 top REIT buys.
Written by Sam Kovacs
Introduction
2024 was going to be the year of the REIT. Or so I said at the beginning of the year, when I believed we'd see a rate cut by May.
What I seemed to have overlooked, however, was that just as the sticky rent measurements kept inflation artificially lower for a while during the inflation spike, it is now keeping it artificially higher, despite measures such as Truflation's real-time inflation estimate at 2.3%....
Don't Miss The Best Time To Buy REITs Since The Great Financial Crisis Of 2009