Reported 6 months ago
The article discusses three Real Estate Investment Trusts (REITs) that have experienced significant declines in their share prices recently. The first REIT, Creative Media & Community Trust Corp (CMCT), saw a drop of over 30% due to poor earnings and missed estimates. The second REIT, Hudson Pacific Properties Inc (HPP), faced challenges from rising interest rates and declining occupancy rates, resulting in a substantial decline in its share price. The third REIT, Service Properties Trust (SVC), also reported weaker earnings, leading to a decrease in its share price. The article advises investors to carefully analyze the reasons behind these declines before deciding whether to buy or sell shares in these REITs.
Source: YAHOO