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K-REITs Weekly_ESR Kendall Square REIT and SK REIT: Large-cap Stocks Lead Rising Trend

2024. 09. 02 · 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.

  Last week, the simple average return rate of 21 REITs recorded a 0.48% increase, successfully rebounding in just one week. SPI predicted that remarks by Jerome Powell, Chairman of the Federal Reserve, confirming the September rate cut at the August 23 Jackson Hole symposium would have a positive impact on the REITs market. After his remarks, 21 REITs rose more than 0.5% on the 26th of August. However, there was a mid-week slump that only rose thanks to large-cap stocks SK REIT, ESR Kendall Square REIT, and Shinhan Alpha REIT, which pulled the market back upward to close the week. During the same period, the KOSPI index showed a […]

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