You heard it right. Fellow blogger Got Money Got Honey wrote an excellent piece here and I simply love this quote some much it warrants the title of this post. GMGH pretty much summed up the REIT Symposium very well in the blog post and I'll like to reiterate the point in the subject title. Interest rates have very little effect on REITs in the long term. And why is that so? Because these are equities, REITs are not bonds, and do not behave like bonds in the long term. Equities share price largely tracks the business performance in the long run; this is true for all equities. If the underlying business is junk, you'll get junk returns. REITs are businesses that can grow, improve their profits year-on-year. They're not merely Fixed Deposits/Bonds that pays out coupon, with no capital upside/downside. In fact, rising interest rates very little ......