Shares of REITs are trading lower as Treasury yields rise following hotter-than-expected March inflation data.
Portfolio Pulse from Benzinga Newsdesk
REIT shares are trading lower due to rising Treasury yields, triggered by March inflation data exceeding expectations.
April 10, 2024 | 1:57 pm
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NEGATIVE IMPACT
American Tower Corporation's stock is trading lower due to rising Treasury yields following unexpected March inflation data.
REITs like AMT are sensitive to interest rate changes, as higher rates can increase borrowing costs and affect profitability.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Equinix, Inc.'s shares are negatively impacted by the increase in Treasury yields, driven by higher-than-expected inflation data for March.
As a REIT, Equinix is affected by rising interest rates, which can lead to higher operating costs and impact its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Prologis, Inc. experiences a decline in stock price due to the uptick in Treasury yields following March's inflation data surpassing expectations.
The rise in Treasury yields, influenced by unexpected inflation rates, negatively impacts REITs like Prologis by increasing their financing costs.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Public Storage's shares are trading lower as a result of the rise in Treasury yields, which was triggered by higher-than-anticipated inflation data for March.
The increase in Treasury yields, due to unexpected inflation data, adversely affects REITs like Public Storage by raising their borrowing costs.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50