REITs Wrestle With Rising Interest Rates

By Anonymous

After a strong second quarter, real-estate investment trusts slipped during the third quarter

Rising interest rates are taking a toll on U.S. REITs.

After a strong second quarter in which they beat the S&P 500 by close to 6 percentage points, real-estate investment trusts in the third quarter fell behind again.

In the third quarter, the FTSE Nareit All Equity REITs Index gained 0.5%, compared with a 7.6% return for S&P 500...