The world is facing the prospect of higher interest rates after the US Federal Reserve made its biggest rate hike in 28 years.
The move was in response to soaring inflation in the US that is hitting a four-decade high.
As a result, the REIT sector has also been hit as investors worry over the prospects of higher financing costs.
Many REITs have subsequently hit their 52-week lows.
Income-seeking investors who are looking for bargains can trawl through this list to look for attractive REITs to accumulate for the long term.
A word of warning, though.
Some REITs may end up being value traps, so it’s wise to select those with strong sponsors, high-quality properties, and a good acquisition pipeline.
Here are three REITs that recently hit their 52-week low that deserve a second look.
Daiwa House Logistics Trust (SGX: DHLU)
Daiwa House Logistics Trust, or DHLT, is a logistics-focused REIT with a portfolio of 14 modern...