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Stock impact report

After multi-year global slump, Hazelview sees recovery ahead for REITs [Advisor.ca (Canada)]

Cushman & Wakefield Ltd. Common Shares (CWK) 
Last cushman & wakefield ltd. common shares earnings: 2/27 04:09 pm Check Earnings Report
Company Research Source: Advisor.ca
year, generating a total return of 11.8%, according to a new report by real estate management and investment firm Hazelview Investments. That compares with an 8.3% total return for global REITs (measured in local currency terms), 4.9% for bonds and 18.4% for global equities. While in Canada, overall performance was buoyed by senior housing — a sector that Hazelview expects to continue to grow, along with utilities — REITs have underperformed since 2020, generating a cumulative total return of 10.5% against a whopping 111.9% for global equities. Hazelview, which has $11.4 billion in assets under management across public and private markets, sees a turnaround for REITs coming as interest rates continue to trend lower and new supply across property types declines. “Taken together, we believe global REITs are poised to transition out of this atypical period of underperformance and into an environment where performance more closely resembles the two decades preceding the pandemic,” Show less Read more
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