Monday 24 February 2020

REITs take a hit amid growing coronavirus concerns

Real estate investment trusts were not immune from Monday’s global market sell — particularly hotel properties — a result of the growing fears surrounding the coronavirus and its potential to trigger a global economic slowdown. The S&P 500 fell 3.35 percent and the Dow Industrial Average plummeted over 1,000 points following news that the coronavirus, which has infected over 77,000 and killed over 2,500, was expanding in Italy and South Korea. REITs took a hit



source https://therealdeal.com/2020/02/24/reits-take-a-hit-amid-growing-coronavirus-concerns/

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