Markets and Economy What is a Purchasing Managers’ Index (PMI)?
A Purchasing Managers’ Index (PMI) tells economists and investors whether the manufacturing and services sectors are contracting or expanding.
August 12, 2025
Real Estate
Why consider US REITs now?
July 21, 2025
With global trade tensions and economic uncertainty in the headlines, US real estate investment trusts (REITs) stand out as a potentially resilient investment option. Here’s why:
US REITs tend to be more insulated from global shocks
Most US REITs make nearly 90% of their revenue domestically, compared to 72% for typical U.S. stocks.1 This means they’re less sensitive to global trade disruptions.
Some REIT sectors are more resilient
Healthcare, residential, and needs-based retail are less affected by trade disruptions, while office, lodging, and timber are more vulnerable.
US REITs are attractively priced
They’re trading at a -2.79x earnings multiple discount to US stocks — one of the widest gaps in decades.2 Historically, when REITs have traded at a discount of -2.0x or greater, they’ve outperformed US stocks by approximately 2%-4% annually.3
Read our complete report: US REITs possess defensive characteristics amid global trade tensions and a potentially attractive valuation entry point.
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