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Agree Realty: Off The Lows But Still A Long-Term Buy Candidate
ADCAgree Realty(ADC) Seeking Alpha·2024-01-08 19:41

Aleksandra Zhilenkova/iStock via Getty Images Written by Nick Ackerman. All it took was the expectations for rate cuts next year, and that sent the risk-free Treasury Rates reeling lower. Subsequently, we also saw the pressure come off of the real estate investment trust ("REIT") space, and we've seen a massive rally from the latest lows. REITs can be impacted in two ways by a higher interest rate environment. They are often viewed as an income-oriented instrument, which means risk-free rates being higher p ...