All Hit New 2023 Lows

The expectation that interest rates will continue higher and for longer than previously thought continues to haunt the price of these real estate investment trusts. Other factors undoubtedly contribute to this issue depending on the individual REIT but that’s the definitely the candidate for “most likely negative factor.”

3 of these are in healthcare-related names, indicating a problem specific to that group of REITs – it may be that investors are selling based on the perception that “rate hikes for longer” affects these more than other types. Whatever the case, it’s clear from the price charts that down trends are in place.