Taking a look at sector valuations, it is clear that the market prefers certain property types over others with sizable gaps in the average multiples of each sector.
Directionally, the market is generally correct in that data centers and towers have stronger fundamentals while hotels and retail are genuinely struggling. It makes sense that the higher growth areas have higher multiples. The valuation of these 4 sectors is unsurprising so little needs to be said.
Toward the middle of the sector valuation, however, some of the multiples are a bit less intuitive.
Healthcare
It may