Fed up with the Fed? 2024 may bring Cheer to REIT investors!
Get ready for another thrilling rollercoaster ride with REITs, as everybody's favourite guru predicts a cut in rates and, probably, the next winning lottery numbers. Is this prophecy of a REIT resurgence worth your time or should you stick to reading your
When Your REITs Are Taking Re-beats: Will 2024 Bring Some Relief?
Well, now. Here we have another thrilling piece of market speculation brought to us by the financial fortune-tellers at Nasdaq, Lindering on about the future of REIT stocks. After going through two years about as fun as a root canal treatment, REIT investors were given hope at a recently concluded shindig.
Proclaimed financial seer Steve Sakwa (Senior Managing Director, Evercore ISI) upgraded a few sectors while gently bringing apartments and self-storage down a notch. Surprisingly or not, considering it's 2023, AI is foreseen as a leading catalyst in the data center space.
Testifying to Sakwa's speculation, Jeff Horowitz from BofA Securities shared a positive outlook, saying he sees a wave of REIT IPOs in 2024. With such hopeful predictions, one must wonder, is this article worth your time, or is it another hopeful hurl at the dartboard of future predictions?
You decide - check out the full article here.
Original Source: REITs Could Rally in 2024 if Fed Cuts Rates
https://www.nasdaq.com/articles/reits-could-rally-in-2024-if-fed-cuts-rates