The REIT market remains weak, with the TSE REIT Index approaching a six-and-a-half-year low. Selling by overseas investors has continued, in addition to the rise in long-term interest rates.
Real estate investment trusts (REITs) have generally declined, and the TSE REIT Index has fallen sharply in recent weeks, approaching levels not seen in six and a half years.
The rise in long-term interest rates has reduced their appeal as yield-bearing investments, while selling of REITs by overseas investors is reported to be continuing unabated.
Nearly all stocks have fallen since the start of the year, and the article explains that a near-term market reversal is unlikely.