Real Estate: Only a Few Opportunities in Fairly-Valued Sector
After outperforming the market in 2018, we don’t see many real estate opportunities for investors.
In aggregate, global real estate stocks outperformed in 2018, with the Morningstar Global Real Estate Index slipping 6% year to date through Dec. 20 versus a 10% drop for the broader market (Exhibit 1).
Exhibit 1: Real estate is down slightly but outperforming the global equity index
Kevin Brown does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.