Office REITs Are Reeling. Time to Buy? Perhaps, But Go in with Eyes Wide Open.
Rising interest rates and recession fears have joined to batter commercial real estate investors since the pandemic came calling, and perhaps none more than real estate investment trusts (REITs) that concentrate on office properties.
The numbers speak for themselves. For instance, the S&P 1500 Office REITs Index is down about 33% year over year. That's while the S&P 500 itself is up about 18%. The chart below shows how those two benchmarks parted ways with the arrival of COVID-19.
In the middle, meanwhile, is the CRSP US REIT Index, which shows how much the 20 or so office REITs trail even in their own sector.
Source Fool.com
