After Fed's announcement on funds rate REITs starts to fall

After Fed announcement on funds rate REITs starts to fall

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Real Estate Investment Trust (REIT)

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REITs Fall on weekly basis after announcement on federal funds rate

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The Broader real estate index was also fall by 2%

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Mortgage REITs were the hardest hit, with the FTSE Nareit Mortgage REITs index falling by 6.21% week on week.

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Committee said in statement that >>>

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"The Committee decided to raise the target range for the federal funds rate to 4-1/2 to 4-3/4 percent"

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Hotel REITs were the biggest underperformers, losing 4.74% of their value on average, followed by timber REITs, which lost 3.92% on average.

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Residential REITs experienced the least value loss, with the subsector index losing only 0.46% of its value on a weekly basis.

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Higher the rates means higher the finance costs means higher the inflation.

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