Billy Hustace | Corbis Documentary | Getty Images
After being hobbled by the pandemic recession, real estate investment trusts are rebounding rapidly, and the economic recovery isn’t the only thing driving growth this year.
Share prices are rising from demand rooted in investor concerns about inflation and the potential for rising interest rates. As a result, the S&P U.S. REIT Index is one of the best performing parts of the stock market this year, up 27.9% through July 27.
While some types of REITs weren’t even nicked by the pandemic — including cell towers, data centers and marijuana properties — those that rely on people congregating were crushed by quarantining: retail stores, medical space, apartments, hotels and office buildings.
But this year, these REITs have grown apace from highly beneficial market conditions.