Investors looking to cushion their portfolios against inflation helped real-estate stocks lead the S&P 500 in recent weeks.

The real-estate sector, which focuses on companies that rent properties, has gained 13% this quarter, more than double the 6.3% gain of the broader stock index.

As the economy recovers from its pandemic-induced slowdown, some investors are worried that rising prices could erode company profits and push the Federal Reserve to lift interest rates sooner than expected.

Money managers often turn to real-estate stocks when they anticipate higher inflation because of the segment’s pricing power.

Some leases are tied to inflation and many tenants bear a rent increase to avoid the cost of moving.

Other industries, such as restaurants and food retail, have more competition and a more price-sensitive consumer.

Consumer prices rose

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