REITs See Stocks Surge, Expected To Become More Aggressive Buyers
Bisnow | By Emily Wishingrad
Publicly traded property owners are suddenly back in favor after two years of Wall Street betting against the commercial real estate sector.
Real estate stocks posted their best day of the year on Thursday and led all S&P 500 sectors in gains last week, with the overall real estate sector rising 4.41% and Nareit's index of REITs rising 4.62%. That momentum has continued this week, with the REIT index rising 1.1% on Tuesday.