G
lobal listed real estate outperformed broader equities, driven by lower interest rates and a shift away from tech stocks. Despite economic uncertainty and trade tensions, the sector benefited from reduced borrowing costs.

    Elevated interest rates and tariffs are expected to slow new construction, leading to tighter supply and stronger pricing power for high-quality properties. This trend supported portfolio performance, particularly in defensive REITs like Ventas and EastGroup. However, Goodman Group and retail exposure detracted from results.

    The current volatility in REIT shares presents opportunities for long-term investors to add undervalued names with healthy fundamentals across most subsectors.