In a recent research paper, Thomas Bohjalian, Head of U.S. Real Estate and Senior Portfolio Manager at Cohen & Steers explains said that "REITs have proven resilient amid escalating trade tensions between the U.S. and China, even delivering a slight gain in the U.S."
He went on to explain several key reasons to own shares in U.S. REITs including (1) the hometown advantage or what Bohjalian refers to as "domestic businesses" that "earn the majority of their revenues from properties within their home market, limiting the direct impact from tariffs".
He cited the fact that "among the 11 sectors in the S&P 500, real estate is tied with health care for the second-lowest international exposure".
© 2023 Realty Today All rights reserved. Do not reproduce without permission.
