As 2023 nears completion, investors in real estate investment trusts (REITs) are feeling more optimistic. After a prolonged slump throughout 2022 and the first 10 months of 2023, REITs have rallied over the past two months. Pauses in interest rate hikes, along with the likelihood of three interest rate cuts in 2024, have generated strong appreciation of REITs across multiple subsectors. As investors look toward 2024, they will be forced to differentiate between REITs that will likely continue ma
On Dec. 13, a major change in investor sentiment toward real estate investment trusts (REITs) took place as the Federal Reserve announced another pause in interest rate hikes and suggested there would be three rate cuts in 2024. The REIT sector, which has performed well since early November, took off for several days, before pulling back after Dec. 14. Many low-priced REITs that have been laggards throughout the first 10 months of 2023 are now seeing renewed buying. It seems like investors are b
Sunstone Hotel Investors, Inc. (NYSE:SHO) Q3 2023 Earnings Call Transcript November 7, 2023 Sunstone Hotel Investors, Inc. misses on earnings expectations. Reported EPS is $0.06 EPS, expectations were $0.2. Operator: Good morning, ladies and gentlemen, and thank you for standing by. Welcome to the Sunstone Hotel Investors Third Quarter 2023 Earnings Call. At this time, […]