REITs Decline Despite Strong Earnings as Broader Markets Fall
- REITs fell despite solid Q3 earnings, as broader markets declined due to tech stock losses
- Major REITs like MPW, AMT, and VICI boosted guidance after beating consensus
- Residential and Self Storage REITs were the worst performers, down over 5% weekly
- Data Centers and Infrastructure REITs bucked the trend, gaining over 2%
- Refinancing could prove challenging for REITs due to higher interest rates