Waiting for a UK REITs Rally
Investors remain cautious about UK REITs, while private equity is acquiring them, indicating a potential discrepancy in views.
According to Cris Sholto Heaton, "One view must be wrong."
UK real estate investment trusts (REITs) are trading at significant discounts to their net asset value (NAV), with shares still lower than they were a decade ago, despite solid operating updates from key players.
- Commercial property is a concern, particularly in subsectors like lower-grade offices, which may require redevelopment due to new energy-efficiency standards or changing work patterns.
One view must be wrong.
Affiliate links may earn a commission. Author's summary: UK REITs await rebound.