The dust has settled on the US Central Bank's decision. While it has not yet been cast in stone, the market expects the 5.25%-5.50% rates to be the peak of this cycle with a gradual return to the 2.5% interest rates. Next year end, it is expected rates will be at 4.5%-4.75% level; the same level as it was in March 2023. Will US REITs PRIME and KORE return to March 2023 Levels? The stock market is a forward looking indicator. With knowledge of further rate cuts penciled in beyond 2024 and that it is taken down to 2.5% interest, I do believe that in Dec 2024, assuming 3 rate cuts do happen, PRIME and KORE will indeed return to its share price on March 2023- 36 US cents and 44 US cents for PRIME and KORE respectively. What Makes Me Convinced One of the key reasons why PRIME and KORE started to tank in August 2022 was the market relisation that the Fed was on a path of dramatic...