Scalper1 News
Investors are bidding up real estate investment trusts despite concerns about higher interest rates. The property REIT group has climbed 19 places over the past six weeks, to No. 40 out of 197 as of Friday’s IBD. Storage stocks have performed especially well, accounting for four of the top 16 stocks in the group as acquisitions and limited supply allow them to boost rents. Yet it may become more difficult for REITs to finance new acquisitions and Scalper1 News
Scalper1 News