K-REITs Weekly_Lotte REIT’s Refinancing Woes are Over, Surges Ahead of Interest Rate Cut
2024. 08. 06 · Byungki Koh
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Providing Up-to-date news and contents of Korean commercial real estate market including investment, REITs and market players.
The simple average rate of return for the 21 listed REITs last week was 0.44%, continuing its upward trend for the fourth consecutive week. This is the longest period of consecutive weekly gains this year, now standing at four weeks in a row. During the same period, the KOSPI index recorded a 2.03% decline, breaking the 2,700 level for the first time in two months. Despite the continued decline of the KOSPI, Korean REITs have maintained positive momentum for four weeks on expectations of an interest rate cut. This has also positively affected the global REITs market. VNQ, the largest listed REIT ETF in the US, rose 9.6% over […]
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Content Editor, Seoul Property Insight(SPI)
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