REITs in a rising rate environment

 

Jason A. Yablon

Head of U.S. Real Estate

More by this author

6 minute read

March 2021

Share

Sign up to get our insights
Subscribe

Whether looking at global or U.S. real estate, REITs have generally performed very well during times of higher interest rates. But it is important to understand and focus on what is driving interest rates.

Senior Portfolio Manager Jason Yablon explains the key drivers and how active managers can take advantage of the interest rate sensitivity in individual sectors.

ABOUT THE AUTHORS
Author Profile Picture

Jason A. Yablon, Executive Vice President, is Head of U.S. Real Estate and a senior portfolio manager for U.S. real estate securities portfolios and oversees the research process for U.S. real estate securities.

FURTHER READING

The Real Estate Reel

The Real Estate Reel: The listed REIT selloff, valuations, and the private CRE correction

November 2023 | 4 mins

We see a regime change in what’s driving the recent listed REIT selloff. REIT valuations appear cheap. And the pattern in the decline in private real estate is reminiscent to what occurred in the wake of the 1990s S&L crisis, indicating the selloff and recovery could be a slow grind. Watch this month’s Real Estate Reel to find out what these data points mean for real estate investing.

Putting the recent selloff in U.S. listed REITs into perspective

Putting the recent selloff in U.S. listed REITs into perspective

October 2023 | 10 mins

We’ve argued over the course of this year that markets presented attractive entry points for listed real estate. Recent declines in listed REIT valuations, driven by macroeconomic uncertainty, do not alter this view.

The Real Estate Reel

Real Estate Reel: We’re watching institutional allocations, CRE debt and property price disconnects

October 2023 | 4 mins

Institutional investors have increased their allocations to real estate, CRE debt delinquency rates are increasing but remain relatively low, and CRE valuations are down more than 16% so far this year. Watch this month’s Real Estate Reel to find out what these data points mean for real estate investing.

1556613