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Does anyone know why it seems like the Canadian REITs have been going down all week.

Is it because Brookfield Real Estate Investment trust is converting into a corporation and now investors are afraid that the same will happen to other REITs?
 

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I suspect it's broader economic conditions. I am currently holding RWR, a US REIT ETF, and it dropped like a bomb one day this week. Any sniff of riding interest rates can be bad for REITs as they benefit from steep yield curves.
 

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REITs have had a strong run again this year after a blockbuster run last year. It isn't surprising if there is a bit of a pullback. But they do seem to be fully valued to me. They are all trading at (or a slight premium to) analyst estimates of NAV. And the P/AFFO premium to bonds is inline with historical averages.
 

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Not a particularly good day--or week--for most investments--even gold!!

Some may think it reflects the luck of the Irish!!:eek:
 
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