Reported 8 months ago
According to Sun Binxun's report from Taipei on June 18, 2024, at 4:10 PM, the first-quarter financial reports of US REITs mostly meet or exceed expectations, with the overall US REITs market estimated to have revised profit growth to 3.2% in 2024. Despite uncertainty over the timing of the Fed rate cuts, the US economy is doing well, and various types of REITs are expected to benefit in the second half of the year. With a discount rate of about 7% and a P/E ratio of approximately 16.6 times, some analysts see great investment value in REITs. Investors are particularly optimistic about US residential, data centers, and Japanese hotels, as well as the increasing use of AI in data centers driving demand, record high leasing in the first quarter, and strong performance in the AI server market. European and Canadian rate cuts signal the beginning of a global easing cycle, but questions remain about the new normal for interest rates as the path to a post-pandemic recovery becomes clearer but still unpredictable. While global economic growth, inflation, and interest rates are gradually returning to normal, the extent of this recovery remains to be seen.
Source: YAHOO