Better times could be coming for real estate investment trusts as a worsening economic outlook raises the appeal of defensive stocks, according to Macquarie analysts.
It has been a tough calendar year for the REIT sector which has fared 10 per cent worse than the S&P/ASX 200 Index as long bond yields climb in response to inflation worries and rising interest rates.
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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
