REIT Bulls - Brace For More Frustration

Core Insights - Over the past three years, REITs (VNQ) have only delivered 16% in total returns, significantly underperforming the overall stock market (SPY), which has expanded by approximately 75% [1] Group 1: REIT Performance - The total return of REITs over the last three years is 16% [1] - The overall stock market has seen a return of roughly 75% during the same period [1] - Adjusting for inflation, the real return figures for REITs are notably lower [1] Group 2: Industry Context - The article highlights the need for improved liquidity in the pan-Baltic capital markets through institutionalizing the REIT framework in Latvia [1] - There is an emphasis on developing national SOE financing guidelines and frameworks to channel private capital into affordable housing [1]