REITs and Baseball
August 21, 2019 | Calvin Schnure | Nareit
Maybe baseball isn’t the best analogy for REITs and commercial real estate after all.
One of the more common ways to describe the outlook for REITs is to pick which inning of a ballgame corresponds to today’s REIT market. For the past several years, most observers have said the market was in the seventh or eighth inning. Some have even called it the top of the ninth, suggesting that a downturn was not too far in the future. Indeed, REIT operating performance did weaken last year, as earnings declined in the third and fourth quarters of 2018, and falling stock prices in the winter seemed to confirm this gloomy outlook.
