I was keeping abreast of the REIT sector to prepare myself as a panelist at the REIT Symposium 2020. I thought I could summarise some of the developments into an article to benefit more people. FTSE REIT Index Price-to-Book Ratio suggests REITs are fairly priced Here’s the Price-to-Book Ratio range for the FTSE REIT Index: The plot is closer to the upper half of the range, suggesting that the REITs aren’t that cheap after all. The sharp decline early this year was a great opportunity as REITs had been the cheapest in the past decade. The rebound was also swift and now REITs are not cheap per se. That said, using the average can be misleading as there are bound to be REITs that are cheap while others can be overvalued. REIT Metrics by Sectors Here’s a summary of the various REIT sectors’ dividend yields, gearing and P/B ratios....