By Liam Pleven | The Wall Street Journal
An index of REIT stocks is on track for its worst year since 2008 after a six-year rally pushed it up 348%, including dividends, from its financial-crisis-era low, as of Friday’s close.
The MSCI US REIT index, which includes 143 companies, already was lagging behind the broader market this year amid concerns that REIT stocks will suffer if the Federal Reserve raises interest rates. Fresh worries about the consequences of slower growth in China in recent weeks have ratcheted up the anxiety.
