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Benzinga
Benzinga
Business
John Navin

Major REITs End 2022's 3rd Quarter With Losses

Interest rate hikes resulted in third-quarter losses for most real estate investment trusts (REITs).

With the Federal Reserve taking short-term rates up by 0.75% and 30-year fixed mortgage rates nearing 7%, REITs headed down in price. The expectation that even higher rates are on the way is not helping.

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