REIT rally fueled by interest-rate-cut hopes may be slowed by a less-dovish Fed

A 50-basis-point cut and more-dovish Fed may be enough to keep the rally in REITs alive, says KeyBanc

Published: Sept. 17, 2024 at 1:43 p.m. ET

Real-estate investment trusts, or REITs, have outperformed the broader market since July, when a softer-than-expected inflation report bolstered expectations the Federal Reserve would lower interest rates sooner rather than later.

The MSCI U.S. REIT index has gained 15.3% since then, while the S&P 500 has fallen 0.1%.