The way analyst Jack McCabe sees it, rising interest rates are to real estate investment trusts what torn ACLs are to NFL draft prospects.
“REITs perform very well in a low interest-rate environment, but when rates go up, REIT returns go down and go down quite a bit,” said the founder of McCabe Research & Consulting in Deerfield Beach, FL. “Investors say, ‘Heck, I can put my money in a money market account, and at least it’s safe and secure.’ When...
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