Truist expects REITs to outperform broader market; upgrades AvalonBay, Equity Residential

Real estate investment graphic with skyscrapers and clouds.


Truist Securities said Tuesday it expects the REIT sector to outperform the broader market in 2023 after a challenging 2022.

In a REIT outlook note, Truist said the sector's outperformance would be supported by attractive valuations vs. broader equities and private real estate, downward sloping

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