Three factors are affecting the U.S. REIT market — reopening, reflation and reversion — that are positioning the segment to perform well in comparison to the broader stock market, according to Daniel Cooney, executive director and portfolio manager for PGIM Real Estate’s Global Real Estate Securities business. In a conversation with IREI, he elaborates on what those trends mean for REITs, as well as the signals public markets have for private real estate investment and which property types are showing promise.
Can you elaborate on your thesis about the three factors shaping the REIT market, and how they are impacting returns?
Cooney: REITs are benefiting from what we’re referring to as the “three Rs” right now: reopening, reflation and reversion, and as a result s
