One year ago, I remember myself quoting that REITs will be making a comeback. One year later, I think a lot has happened for me to backtrack on that quote. Yes, we are still in the process of embracing lower rates as 2025 unfolds, but those who follow the Federal Reserve like a hawk will know that it’s a hawkish stance rather than a dovish stance. Naturally, as interest rates slowly come down, albeit at a slower pace, a strong case can be made for REITs trading below their COVID lows to eventually rebound upwards to their fair valuations. Here are 8 REITs trading below their COVID lows EVEN after dividends. Can they recover?

1. Keppel Pacific Oak US REIT (SGX: CMOU)

Keppel Pacific Oak US REIT (KORE) was one of the US commercial REITs in the limelight during the US REIT blowup fiasco. Although it did not really breach any financial covenant, its unit price tanked when the REIT announced it...