INVH - Gateway REITs may rise on Biden win Sunbelt REITs on Trump victory: Mizuho

REITs, overall, are poised to perform better if Joe Biden is elected president due to his tax policy proposals and support of the Affordable Care Act, say Mizuho Securities analysts led by Omotayo Okusanya."An increase in corporate taxes and capital gains tax rate makes REITs relatively more attractive than other asset classes given their corporate tax exemption/dividend payments being treated mainly as ordinary income," they wrote in a note.Still, that will require more than Biden winning the presidency. A "blue wave" in Congress would be needed to change tax law, meaning Democrats will have to gain control of the Senate and keep control of the House.The analysts expect gateway markets, typically in blue states benefiting from a Biden win. That would bode well for Equity Residential (EQR) and Boston Properties (BXP).Medical Properties Trust (MPW), too, could stand to gain with a big Democratic win due to the party's support of

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Gateway REITs may rise on Biden win, Sunbelt REITs on Trump victory: Mizuho