Interest rate increases do not doom REITs to losses or underperformance, as long as they are gradual and anticipated. Real estate investment trusts (REITs) are thought to be sensitive creatures – they feel the impacts of changes in interest rates and the business cycle in profound ways. This sensitivity stems from the fact that REITs are high-yield instruments, in that most … [Read more...] about REITs, Business Cycles and Rising Interest Rates