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Episode 389: REIT Valuations Look Attractive Amid Favorable Macro Backdrop: Morgan Stanley
Laurel Durkay, head of global listed real assets at Morgan Stanley, was a guest on the latest edition of the Nareit REIT Report podcast.
Durkay said REITs today are “cheap” versus broader equities. “They do screen attractively versus private real estate. They look compelling versus where REITs have historically traded, and they look pretty fairly valued versus fixed income. The macro backdrop is favorable with interest rate stabilization and the increasing likelihood of cuts this year… I think valuations look attractive.”
Despite this backdrop, negative rhetoric about the real estate sector…
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